General Dynamics (GD) is trading up at $334.66 (+0.67%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $30.6B | $31.0B | $36.2B | $39.4B | $37.9B | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| Growth (year over year) | −3.8% | +1.3% | +16.9% | +8.7% | −3.6% | +1.4% | +2.4% | +7.3% | +12.9% | +10.1% |
| Gross profit | $5.67B | $6.24B | $6.71B | $7.06B | — | — | — | — | — | — |
| Gross margin | 18.5% | 20.2% | 18.6% | 17.9% | — | — | — | — | — | — |
| Operating income | $3.74B | $4.24B | $4.39B | $4.57B | $4.13B | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B |
| Operating margin | 12.3% | 13.7% | 12.1% | 11.6% | 10.9% | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Net income | $2.57B | $2.91B | $3.35B | $3.48B | $3.17B | $3.26B | $3.39B | $3.31B | $3.78B | $4.21B |
| Net margin | 8.4% | 9.4% | 9.2% | 8.9% | 8.4% | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |
| EPS (diluted) | $8.29 | $9.56 | $11.18 | $11.98 | $11.00 | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.33B | $2.98B | $963.0M | $902.0M | $2.82B | $1.60B | $1.24B | $1.91B | $1.70B | $2.33B |
| Total assets | $33.2B | $35.0B | $45.9B | $49.3B | $51.3B | $50.1B | $51.6B | $54.8B | $55.9B | $57.2B |
| Total liabilities | $22.9B | $23.2B | $33.3B | $35.4B | $35.6B | $32.4B | $33.0B | $33.5B | $33.8B | $31.6B |
| Long-term debt | $2.99B | $3.98B | $11.4B | $9.01B | $9.99B | $10.5B | $9.24B | $8.75B | $7.26B | $7.01B |
| Shareholders' equity | $10.3B | $11.8B | $12.1B | $14.0B | $15.7B | $17.6B | $18.6B | $21.3B | $22.1B | $25.6B |
| Cash flow | ||||||||||
| Operating cash flow | $2.16B | $3.88B | $3.15B | $2.98B | $3.86B | $4.27B | $4.58B | $4.71B | $4.11B | $5.12B |
| Capital expenditure | $392.0M | $428.0M | $690.0M | $987.0M | $967.0M | $887.0M | $1.11B | $904.0M | $916.0M | $1.16B |
| Free cash flow | $1.77B | $3.45B | $2.46B | $1.99B | $2.89B | $3.38B | $3.46B | $3.81B | $3.20B | $3.96B |
| Dividends paid | $911.0M | $986.0M | $1.07B | $1.15B | $1.24B | $1.31B | $1.37B | $1.43B | $1.53B | $1.59B |
| Share buybacks | $2.00B | $1.56B | $1.77B | $231.0M | $587.0M | $1.83B | $1.23B | $434.0M | $1.50B | $637.0M |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Apr 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $12.0B | $11.7B | $13.3B | $12.2B | $13.0B | $12.9B | $14.4B | $13.5B |
| Growth (year over year) | +18.0% | +10.4% | +14.3% | +13.9% | +8.9% | +10.6% | +7.8% | +10.3% |
| Operating income | $1.16B | $1.18B | $1.42B | $1.27B | $1.30B | $1.33B | $1.45B | $1.42B |
| Operating margin | 9.7% | 10.1% | 10.7% | 10.4% | 10.0% | 10.3% | 10.1% | 10.5% |
| Net income | $905.0M | $930.0M | $1.15B | $994.0M | $1.01B | $1.06B | $1.14B | $1.13B |
| Net margin | 7.6% | 8.0% | 8.6% | 8.1% | 7.8% | 8.2% | 7.9% | 8.3% |
| Balance sheet | ||||||||
| Cash and equivalents | $1.36B | $2.10B | $1.70B | $1.24B | $1.52B | $2.52B | $2.33B | $3.65B |
| Total assets | $55.9B | $55.9B | $55.9B | $57.2B | $56.9B | $57.6B | $57.2B | $59.0B |
| Total liabilities | $33.4B | $34.3B | $33.8B | $34.4B | $33.3B | $33.2B | $31.6B | $33.0B |
| Long-term debt | $7.26B | $7.26B | $7.26B | $7.26B | $7.51B | $7.01B | $7.01B | $6.26B |
| Shareholders' equity | $22.0B | $23.0B | $22.1B | $22.2B | $23.6B | $24.4B | $25.6B | $26.1B |
| Cash flow | ||||||||
| Operating cash flow | $814.0M | $1.42B | $2.16B | −$148.0M | $1.60B | $2.11B | $1.56B | $2.15B |
| Capital expenditure | $201.0M | $201.0M | $355.0M | $142.0M | $198.0M | $212.0M | $609.0M | $203.0M |
| Free cash flow | $613.0M | $1.22B | $1.80B | −$290.0M | $1.40B | $1.90B | $952.0M | $1.95B |
| Dividends paid | $389.0M | $390.0M | $389.0M | $383.0M | $402.0M | $403.0M | $405.0M | $405.0M |
| Share buybacks | $34.0M | $44.0M | $1.32B | $600.0M | $0 | $0 | $37.0M | $217.0M |
From General Dynamics's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government; it receives over 3% of total spending by the federal government of the United States on contractors.
Source: Wikipedia — General Dynamics
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