HUNTINGTON INGALLS INDUSTRIES, INC. Earnings Per Share Disclosure
| Year Ended December 31 | ||||||||||||||||||||
| (in millions, except per share amounts) | 2025 | 2024 | 2023 | |||||||||||||||||
| Net earnings | $ | 605 | $ | 550 | $ | 681 | ||||||||||||||
| Weighted-average common shares outstanding | 39.3 | 39.4 | 39.9 | |||||||||||||||||
| Net effect of dilutive stock options and awards | — | — | — | |||||||||||||||||
| Dilutive weighted-average common shares outstanding | 39.3 | 39.4 | 39.9 | |||||||||||||||||
| Earnings per share - basic | $ | 15.39 | $ | 13.96 | $ | 17.07 | ||||||||||||||
| Earnings per share - diluted | $ | 15.39 | $ | 13.96 | $ | 17.07 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 5, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
| 2023 | Feb 1, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 13, 2020 | |
| 2018 | Feb 14, 2019 | |
| 2017 | Feb 15, 2018 | |
| 2016 | Feb 16, 2017 | |
| 2015 | Feb 18, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.