---
title: "Huntington Ingalls: Business Model"
description: "Huntington Ingalls Industries revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/huntington-ingalls-industries/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Huntington Ingalls Industries: Business Model & Revenue Engine

## Direct Answer

Huntington Ingalls Industries reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Newport News Shipbuilding is the largest, with $6.5 billion of revenue (52% of the total), followed by Ingalls at $3.1 billion (25%).

## How Does Huntington Ingalls Industries Make Money?

No single line supplies a majority of revenue: the largest, Newport News Shipbuilding, is 52%, which spreads Huntington Ingalls Industries's exposure across several demand drivers. Between fiscal 2024 and 2025, Ingalls grew fastest (+11.2%) and Mission Technologies slowest (+3.6%), so the revenue mix tilts toward Ingalls while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Newport News Shipbuilding | $6.5 billion | $6.0 billion | 52.1% | 9.0% |
| Ingalls | $3.1 billion | $2.8 billion | 24.7% | 11.2% |
| Mission Technologies | $3.0 billion | $2.9 billion | 24.4% | 3.6% |

![Bar chart of Huntington Ingalls Industries revenue by segment for fiscal 2025: Newport News Shipbuilding 52.1%, Ingalls 24.7%, Mission Technologies 24.4%.](https://www.getswoopr.com/images/charts/huntington-ingalls-industries-business-model-segment-mix.webp)
*Huntington Ingalls Industries revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Which Huntington Ingalls Industries Segments Earn the Most?

| Segment | FY2025 segment operating income | Segment margin |
| --- | --- | --- |
| Newport News Shipbuilding | $331 million | 5.1% |
| Ingalls | $233 million | 7.6% |
| Mission Technologies | $153 million | 5.0% |

Segment operating income is the profit measure Huntington Ingalls Industries reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Huntington Ingalls Industries more safely than against another company.

## What Does Huntington Ingalls Industries Sell?

Huntington Ingalls Industries also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Product | $8.1 billion | $7.5 billion | 65.1% | 9.0% |
| Service | $4.4 billion | $4.1 billion | 34.9% | 6.9% |

## What the Segment Figures Do Not Show

The rows above add up to 101% of Huntington Ingalls Industries's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Huntington Ingalls Industries reported in the segment note and revenue disclosures of its Form 10-K filed February 5, 2026 (accession 0001501585-26-000006), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Huntington Ingalls Industries's business segments?

In its fiscal 2025 Form 10-K, Huntington Ingalls Industries reports revenue for Newport News Shipbuilding, Ingalls and Mission Technologies.

### Which part of Huntington Ingalls Industries brings in the most revenue?

Newport News Shipbuilding, with $6.5 billion of revenue in fiscal 2025, or 52% of the total.

### Where does Huntington Ingalls Industries report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 5, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: HUNTINGTON INGALLS INDUSTRIES, INC. Form 10-K filed February 5, 2026](https://www.sec.gov/Archives/edgar/data/1501585/000150158526000006/hii-20251231.htm)
- [SEC EDGAR: HUNTINGTON INGALLS INDUSTRIES, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1501585&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Huntington Ingalls Industries company dossier](https://www.getswoopr.com/stocks/companies/huntington-ingalls-industries/)
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