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General Dynamics (GD)

NYSE Industrials Aerospace & Defense S&P 500
$354.06
-2.29 (-0.64%)
Close of Nov 06, 2026 · end-of-day data
Source: General Dynamics's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$30.56B$30.97B$36.19B$39.35B$37.92B$38.47B$39.41B$42.27B$47.72B$52.55B
Cost of revenue$24.90B$24.73B$29.48B$32.29B——————
Gross profit$5.67B$6.24B$6.71B$7.06B——————
Operating income$3.74B$4.24B$4.39B$4.57B$4.13B$4.16B$4.21B$4.25B$4.80B$5.36B
Interest expense$99.00M$117.00M$374.00M$472.00M$489.00M$431.00M$391.00M$399.00M——
Pre-tax income$3.66B$4.08B$4.08B$4.20B$3.74B$3.87B$4.04B$3.98B$4.54B$5.10B
Income tax$977.00M$1.17B$727.00M$718.00M$571.00M$616.00M$646.00M$669.00M$758.00M$893.00M
Net income$2.57B$2.91B$3.35B$3.48B$3.17B$3.26B$3.39B$3.31B$3.78B$4.21B
EBITDA$4.20B$4.68B$5.16B$5.40B$5.01B$5.05B$5.09B$5.11B$5.68B$6.28B
EPS (basic)$8.44$9.73$11.33$12.09$11.04$11.61$12.31$12.14$13.81$15.65
EPS (diluted)$8.29$9.56$11.18$11.98$11.00$11.55$12.19$12.02$13.63$15.45
Diluted shares310.39M304.64M299.16M290.84M287.91M282.02M278.17M275.73M277.49M272.43M
Gross margin18.5%20.2%18.6%17.9%——————
Operating margin12.3%13.7%12.1%11.6%10.9%10.8%10.7%10.0%10.1%10.2%
Net margin8.4%9.4%9.2%8.9%8.4%8.5%8.6%7.8%7.9%8.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.33B$2.98B$963.00M$902.00M$2.82B$1.60B$1.24B$1.91B$1.70B$2.33B
Receivables$3.40B$3.62B$3.76B$3.54B$3.16B$3.04B$3.01B$3.00B$2.98B$2.41B
Inventory$5.12B$5.30B$5.98B$6.31B$5.75B$5.34B$6.32B$8.58B$9.72B$9.23B
Total current assets$16.53B$18.33B$18.19B$20.29B$21.54B$19.99B$21.06B$23.61B$24.39B$24.25B
Goodwill$11.45B$11.91B$19.59B$19.68B$20.05B$20.10B$20.33B$20.59B$20.56B$21.01B
Total assets$33.17B$35.05B$45.89B$49.35B$51.31B$50.07B$51.59B$54.81B$55.88B$57.25B
Total current liabilities$13.45B$13.10B$14.74B$16.80B$15.96B$13.98B$15.34B$16.43B$17.82B$16.80B
Short-term debt$900.00M$2.00M$973.00M$2.92B$3.00B$1.00B$1.25B$507.00M$1.50B$1.01B
Long-term debt$2.99B$3.98B$11.44B$9.01B$9.99B$10.49B$9.24B$8.75B$7.26B$7.01B
Total debt$3.89B$3.98B$12.42B$11.93B$13.00B$11.49B$10.50B$9.26B$8.76B$8.01B
Total liabilities$22.87B$23.25B$33.30B$35.37B$35.65B$32.43B$33.02B$33.51B$33.82B$31.63B
Shareholders' equity$10.30B$11.80B$12.11B$13.98B$15.66B$17.64B$18.57B$21.30B$22.06B$25.62B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.16B$3.88B$3.15B$2.98B$3.86B$4.27B$4.58B$4.71B$4.11B$5.12B
Capital expenditures$392.00M$428.00M$690.00M$987.00M$967.00M$887.00M$1.11B$904.00M$916.00M$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
Investing cash flow-$391.00M-$788.00M-$10.23B-$994.00M-$974.00M-$882.00M-$1.49B-$941.00M-$953.00M-$1.28B
Financing cash flow-$2.17B-$2.40B$5.09B-$2.00B-$903.00M-$4.59B-$3.47B-$3.09B-$3.37B-$3.19B
Dividends paid$911.00M$986.00M$1.07B$1.15B$1.24B$1.31B$1.37B$1.43B$1.53B$1.59B
Share buybacks$2.00B$1.56B$1.77B$231.00M$587.00M$1.83B$1.23B$434.00M$1.50B$637.00M
Stock-based compensation$95.00M$123.00M$140.00M$133.00M$128.00M$126.00M$165.00M$181.00M$183.00M$196.00M
Depreciation & amortization$453.00M$441.00M$763.00M$829.00M$878.00M$890.00M$884.00M$863.00M$886.00M$924.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.