General Dynamics Corporation (GD) reported $56.52B of revenue for the twelve months ended Oct 4, 2026. That is up 9.7% from the year before. Revenue for fiscal 2025 was $52.55B.

Yes. General Dynamics Corporation earned $4.66B in net income for the twelve months ended Oct 4, 2026, a net margin of 8.2%.

How much cash and debt does GD have?

General Dynamics Corporation reported $4.39B in cash and cash equivalents and $7.02B of debt on its most recent balance sheet in SEC filings.

How fast is GD revenue growing?

General Dynamics Corporation's revenue changed +10.1% in fiscal 2025, to $52.55B. Its compound annual growth rate was +6.7% over 5 years and +5.2% over 10 years.

What is GD free cash flow?

General Dynamics Corporation generated $5.78B of free cash flow for the twelve months ended Oct 4, 2026, which is operating cash flow of $7.31B less capital expenditures.

What is GD earnings per share?

Diluted earnings per share were $17.00 for the twelve months ended Oct 4, 2026, from SEC filings, restated for any stock split those filings show.

When did GD last report financial results?

The latest statements here come from General Dynamics Corporation's 10-Q filed on Oct 30, 2026, covering the period ended Oct 4, 2026.

Financials · GD

General Dynamics Corporation (GD) financials

For the twelve months ended Oct 4, 2026, General Dynamics Corporation reported $56.52B of revenue and $4.66B of net income.

Revenue, TTM: $56.52B
Revenue growth, YoY: +9.7%
Net income, TTM: $4.66B
Net income growth, YoY: +10.5%
Net margin: 8.2%
Free cash flow, TTM: $5.78B
EPS, diluted, TTM: $17.00
EPS growth, YoY: +10.2%
Cash: $4.39B
Total debt: $7.02B
P/E: 20.54
P/S: 1.69
Market cap: $95.67B

Annual revenue$52.55B

FY2016FY2025

Annual net income$4.21B

FY2016FY2025

Annual free cash flow$3.96B

FY2016FY2025

GD revenue and earnings growth

GD revenueQ3 2026$14.57B

Quarter YoY: +12.9%
QoQ: +3.3%
FY YoY: +10.1%
5Y CAGR: +6.7%
10Y CAGR: +5.2%

GD revenue was $14.57B in fiscal Q3 2026 (ended Oct 4, 2026), up 12.9% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $52.55B, up 10.1% from fiscal 2024. Compound annual growth was +6.7% over 5 years and +5.2% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

GD net incomeQ3 2026$1.23B

Quarter YoY: +16.1%
QoQ: +5.9%
FY YoY: +11.3%
5Y CAGR: +5.9%
10Y CAGR: +3.3%

GD net income was $1.23B in fiscal Q3 2026 (ended Oct 4, 2026), up 16.1% from a year earlier and up 5.9% from the prior quarter. For the full fiscal 2025 it was $4.21B, up 11.3% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +3.3% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

GD EPSQ3 2026$4.49

Quarter YoY: +15.7%
QoQ: +5.9%
FY YoY: +13.4%
5Y CAGR: +7.0%
10Y CAGR: +5.2%

GD diluted EPS was $4.49 in fiscal Q3 2026 (ended Oct 4, 2026), up 15.7% from a year earlier and up 5.9% from the prior quarter. For the full fiscal 2025 it was $15.45, up 13.4% from fiscal 2024. Compound annual growth was +7.0% over 5 years and +5.2% over 10 years.

GD free cash flowQ3 2026$1.23B

Quarter YoY: -35.2%
QoQ: -25.3%
FY YoY: +23.9%
5Y CAGR: +6.5%
10Y CAGR: +6.9%

GD free cash flow was $1.23B in fiscal Q3 2026 (ended Oct 4, 2026), down 35.2% from a year earlier and down 25.3% from the prior quarter. For the full fiscal 2025 it was $3.96B, up 23.9% from fiscal 2024. Compound annual growth was +6.5% over 5 years and +6.9% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$52.55B	$47.72B	$42.27B	$39.41B	$38.47B	$37.92B	$39.35B	$36.19B	$30.97B	$30.56B
Cost of revenue	-	-	-	-	-	-	$32.29B	$29.48B	$24.73B	$24.90B
Gross profit	-	-	-	-	-	-	$7.06B	$6.71B	$6.24B	$5.67B
Selling, general and admin	$2.60B	$2.57B	$2.43B	$2.41B	$2.25B	$2.19B	$2.42B	$2.26B	$2.01B	$1.92B
Operating income	$5.36B	$4.80B	$4.25B	$4.21B	$4.16B	$4.13B	$4.57B	$4.39B	$4.24B	$3.74B
Interest expense	-	-	$399.00M	$391.00M	$431.00M	$489.00M	$472.00M	$374.00M	$117.00M	$99.00M
Pre-tax income	$5.10B	$4.54B	$3.98B	$4.04B	$3.87B	$3.74B	$4.20B	$4.08B	$4.08B	$3.66B
Income tax	$893.00M	$758.00M	$669.00M	$646.00M	$616.00M	$571.00M	$718.00M	$727.00M	$1.17B	$977.00M
Net income	$4.21B	$3.78B	$3.31B	$3.39B	$3.26B	$3.17B	$3.48B	$3.35B	$2.91B	$2.57B
EPS, basic	$15.65	$13.81	$12.14	$12.31	$11.61	$11.04	$12.09	$11.33	$9.73	$8.44
EPS, diluted	$15.45	$13.63	$12.02	$12.19	$11.55	$11.00	$11.98	$11.18	$9.56	$8.29
Diluted shares	272.4M	277.5M	275.7M	278.2M	282.0M	287.9M	290.8M	299.2M	304.6M	310.4M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$2.33B	$1.70B	$1.91B	$1.24B	$1.60B	$2.82B	$902.00M	$963.00M	$2.98B	$2.33B
Receivables	$2.41B	$2.98B	$3.00B	$3.01B	$3.04B	$3.16B	$3.54B	$3.76B	$3.62B	$3.40B
Inventory	$9.23B	$9.72B	$8.58B	$6.32B	$5.34B	$5.75B	$6.31B	$5.98B	$5.30B	$5.12B
Current assets	$24.25B	$24.39B	$23.61B	$21.06B	$19.99B	$21.54B	$20.29B	$18.19B	$18.33B	$16.53B
Goodwill	$21.01B	$20.56B	$20.59B	$20.33B	$20.10B	$20.05B	$19.68B	$19.59B	$11.91B	$11.45B
Total assets	$57.25B	$55.88B	$54.81B	$51.59B	$50.07B	$51.31B	$49.35B	$45.89B	$35.05B	$33.17B
Current liabilities	$16.80B	$17.82B	$16.43B	$15.34B	$13.98B	$15.96B	$16.80B	$14.74B	$13.10B	$13.45B
Short-term debt	$1.01B	$1.50B	$507.00M	$1.25B	$1.00B	$3.00B	$2.92B	$973.00M	$2.00M	$900.00M
Long-term debt	$7.01B	$7.26B	$8.75B	$9.24B	$10.49B	$9.99B	$9.01B	$11.44B	$3.98B	$2.99B
Total debt	$8.01B	$8.76B	$9.26B	$10.50B	$11.49B	$13.00B	$11.93B	$12.42B	$3.98B	$3.89B
Shareholders' equity	$25.62B	$22.06B	$21.30B	$18.57B	$17.64B	$15.66B	$13.98B	$12.11B	$11.80B	$10.30B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$5.12B	$4.11B	$4.71B	$4.58B	$4.27B	$3.86B	$2.98B	$3.15B	$3.88B	$2.16B
Capital expenditures	$1.16B	$916.00M	$904.00M	$1.11B	$887.00M	$967.00M	$987.00M	$690.00M	$428.00M	$392.00M
Free cash flow	$3.96B	$3.20B	$3.81B	$3.46B	$3.38B	$2.89B	$1.99B	$2.46B	$3.45B	$1.77B
Investing cash flow	-$1.28B	-$953.00M	-$941.00M	-$1.49B	-$882.00M	-$974.00M	-$994.00M	-$10.23B	-$788.00M	-$391.00M
Financing cash flow	-$3.19B	-$3.37B	-$3.09B	-$3.47B	-$4.59B	-$903.00M	-$2.00B	$5.09B	-$2.40B	-$2.17B
Dividends paid	$1.59B	$1.53B	$1.43B	$1.37B	$1.31B	$1.24B	$1.15B	$1.07B	$986.00M	$911.00M
Share repurchases	$637.00M	$1.50B	$434.00M	$1.23B	$1.83B	$587.00M	$231.00M	$1.77B	$1.56B	$2.00B
Stock-based compensation	$196.00M	$183.00M	$181.00M	$165.00M	$126.00M	$128.00M	$133.00M	$140.00M	$123.00M	$95.00M
Depreciation and amortization	$924.00M	$886.00M	$863.00M	$884.00M	$890.00M	$878.00M	$829.00M	$763.00M	$441.00M	$453.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	10.1%	12.9%	7.3%	2.4%	1.4%	-3.6%	8.7%	16.9%	1.3%	-3.8%
Net income growth, YoY	11.3%	14.1%	-2.2%	4.1%	2.8%	-9.1%	4.2%	14.9%	13.2%	-15.3%
EPS growth, YoY	13.4%	13.4%	-1.4%	5.5%	5.0%	-8.2%	7.2%	16.9%	15.3%	-10.8%
Gross margin	-	-	-	-	-	-	17.9%	18.6%	20.2%	18.5%
Operating margin	10.2%	10.1%	10.0%	10.7%	10.8%	10.9%	11.6%	12.1%	13.7%	12.3%
Net margin	8.0%	7.9%	7.8%	8.6%	8.5%	8.4%	8.9%	9.2%	9.4%	8.4%
Free cash flow margin	7.5%	6.7%	9.0%	8.8%	8.8%	7.6%	5.1%	6.8%	11.1%	5.8%
Return on equity	16.4%	17.1%	15.6%	18.3%	18.5%	20.2%	24.9%	27.6%	24.7%	25.0%
Return on assets	7.4%	6.8%	6.0%	6.6%	6.5%	6.2%	7.1%	7.3%	8.3%	7.8%
Current ratio	1.44	1.37	1.44	1.37	1.43	1.35	1.21	1.23	1.40	1.23
Debt to equity	0.31	0.40	0.43	0.57	0.65	0.83	0.85	1.03	0.34	0.38

Income statement

Income statement
Line item	Q3 2026 Oct 4, 2026	Q2 2026 Jul 5, 2026	Q1 2026 Apr 5, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$14.57B	$14.09B	$13.48B	$14.38B	$12.91B	$13.04B	$12.22B	$13.34B	$11.67B	$11.98B	$10.73B	$11.67B
Selling, general and admin	$722.00M	$723.00M	$723.00M	$689.00M	$637.00M	$644.00M	$625.00M	$662.00M	$635.00M	$644.00M	$627.00M	$635.00M
Operating income	$1.53B	$1.46B	$1.42B	$1.45B	$1.33B	$1.30B	$1.27B	$1.42B	$1.18B	$1.16B	$1.04B	$1.29B
Pre-tax income	$1.49B	$1.41B	$1.37B	$1.40B	$1.27B	$1.23B	$1.20B	$1.37B	$1.11B	$1.09B	$968.00M	$1.23B
Income tax	$257.00M	$247.00M	$244.00M	$256.00M	$213.00M	$218.00M	$206.00M	$220.00M	$184.00M	$185.00M	$169.00M	$222.00M
Net income	$1.23B	$1.16B	$1.13B	$1.14B	$1.06B	$1.01B	$994.00M	$1.15B	$930.00M	$905.00M	$799.00M	$1.00B
EPS, basic	$4.55	$4.29	$4.16	$4.25	$3.93	$3.78	$3.69	$4.20	$3.39	$3.30	$2.92	$3.69
EPS, diluted	$4.49	$4.24	$4.10	$4.17	$3.88	$3.74	$3.66	$4.14	$3.35	$3.26	$2.88	$3.64
Diluted shares	273.8M	273.5M	274.1M	-	272.6M	270.9M	271.7M	-	277.9M	277.7M	277.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Oct 4, 2026	Q2 2026 Jul 5, 2026	Q1 2026 Apr 5, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$4.39B	$4.33B	$3.65B	$2.33B	$2.52B	$1.52B	$1.24B	$1.70B	$2.10B	$1.36B	$1.04B	$1.91B
Receivables	$2.53B	$2.40B	$2.25B	$2.41B	$3.30B	$3.61B	$3.29B	$2.98B	$3.17B	$3.15B	$3.12B	$3.00B
Inventory	$9.12B	$9.10B	$9.18B	$9.23B	$9.81B	$9.89B	$9.82B	$9.72B	$10.14B	$9.69B	$9.59B	$8.58B
Current assets	$26.87B	$27.04B	$26.05B	$24.25B	$25.85B	$25.07B	$25.12B	$24.39B	$25.74B	$24.31B	$24.20B	$23.61B
Goodwill	$20.85B	$20.93B	$20.96B	$21.01B	$20.87B	$20.88B	$20.62B	$20.56B	$20.76B	$20.45B	$20.46B	$20.59B
Total assets	$60.20B	$60.16B	$59.03B	$57.25B	$57.25B	$57.25B	$57.25B	$55.88B	$55.88B	$55.88B	$55.88B	$54.81B
Current liabilities	$18.83B	$18.77B	$18.82B	$16.80B	$18.46B	$18.38B	$18.76B	$17.82B	$19.56B	$18.26B	$16.79B	$16.43B
Short-term debt	$756.00M	$1.26B	$1.75B	$1.01B	$1.01B	$1.20B	$2.35B	$1.50B	$2.00B	$2.00B	$507.00M	$507.00M
Long-term debt	$6.26B	$6.26B	$6.26B	$7.01B	$7.01B	$7.51B	$7.26B	$7.26B	$7.26B	$7.26B	$8.75B	$8.75B
Total debt	$7.02B	$7.52B	$8.01B	$8.01B	$8.01B	$8.71B	$9.61B	$8.76B	$9.27B	$9.26B	$9.26B	$9.26B
Shareholders' equity	$27.29B	$26.83B	$26.08B	$25.62B	$24.43B	$23.58B	$22.23B	$22.06B	$22.97B	$22.04B	$21.41B	$21.30B

Cash flow

Cash flow
Line item	Q3 2026 Oct 4, 2026	Q2 2026 Jul 5, 2026	Q1 2026 Apr 5, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.71B	$1.88B	$2.15B	$1.56B	$2.11B	$1.60B	-$148.00M	$2.16B	$1.42B	$814.00M	-$278.00M	$1.20B
Capital expenditures	$481.00M	$234.00M	$203.00M	$609.00M	$212.00M	$198.00M	$142.00M	$355.00M	$201.00M	$201.00M	$159.00M	$304.00M
Free cash flow	$1.23B	$1.65B	$1.95B	$952.00M	$1.90B	$1.40B	-$290.00M	$1.80B	$1.22B	$613.00M	-$437.00M	$892.00M
Investing cash flow	-$476.00M	-$222.00M	-$202.00M	-$862.00M	-$206.00M	-$86.00M	-$130.00M	-$365.00M	-$281.00M	-$125.00M	-$182.00M	-$333.00M
Financing cash flow	-$1.18B	-$976.00M	-$629.00M	-$884.00M	-$903.00M	-$1.23B	-$175.00M	-$2.20B	-$395.00M	-$362.00M	-$416.00M	-$302.00M
Dividends paid	$429.00M	$429.00M	$405.00M	$405.00M	$403.00M	$402.00M	$383.00M	$389.00M	$390.00M	$389.00M	$361.00M	$360.00M
Share repurchases	$285.00M	$102.00M	$217.00M	$37.00M	$0	$0	$600.00M	$1.32B	$44.00M	$34.00M	$105.00M	$0
Stock-based compensation	$62.00M	$67.00M	$40.00M	$50.00M	$57.00M	$55.00M	$34.00M	$46.00M	$50.00M	$53.00M	$34.00M	$45.00M
Depreciation and amortization	$235.00M	$231.00M	$232.00M	$252.00M	$226.00M	$223.00M	$223.00M	$240.00M	$218.00M	$217.00M	$211.00M	-

Key ratios

Key ratios
Line item	Q3 2026 Oct 4, 2026	Q2 2026 Jul 5, 2026	Q1 2026 Apr 5, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 28, 2025	Q2 2025 Jun 29, 2025	Q1 2025 Mar 30, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 29, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	12.9%	8.1%	10.3%	7.8%	10.6%	8.9%	13.9%	14.3%	10.4%	18.0%	8.6%	7.5%
Net income growth, YoY	16.1%	14.4%	13.2%	-0.4%	13.9%	12.0%	24.4%	14.2%	11.2%	21.6%	9.5%	1.3%
EPS growth, YoY	15.7%	13.4%	12.0%	0.7%	15.8%	14.7%	27.1%	13.7%	10.2%	20.7%	9.1%	2.0%
Operating margin	10.5%	10.4%	10.5%	10.1%	10.3%	10.0%	10.4%	10.7%	10.1%	9.7%	9.7%	11.0%
Net margin	8.4%	8.2%	8.3%	7.9%	8.2%	7.8%	8.1%	8.6%	8.0%	7.6%	7.4%	8.6%
Free cash flow margin	8.4%	11.7%	14.5%	6.6%	14.7%	10.7%	-2.4%	13.5%	10.4%	5.1%	-4.1%	7.6%
Current ratio	1.43	1.44	1.38	1.44	1.40	1.36	1.34	1.37	1.32	1.33	1.44	1.44
Debt to equity	0.26	0.28	0.31	0.31	0.33	0.37	0.43	0.40	0.40	0.42	0.43	0.43

Source: XBRL data General Dynamics Corporation files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

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GD FAQ

8 questions

What is GD revenue?
General Dynamics Corporation (GD) reported $56.52B of revenue for the twelve months ended Oct 4, 2026. That is up 9.7% from the year before. Revenue for fiscal 2025 was $52.55B.
Is GD profitable?
Yes. General Dynamics Corporation earned $4.66B in net income for the twelve months ended Oct 4, 2026, a net margin of 8.2%.
How much cash and debt does GD have?
General Dynamics Corporation reported $4.39B in cash and cash equivalents and $7.02B of debt on its most recent balance sheet in SEC filings.
How fast is GD revenue growing?
General Dynamics Corporation's revenue changed +10.1% in fiscal 2025, to $52.55B. Its compound annual growth rate was +6.7% over 5 years and +5.2% over 10 years.
What is GD free cash flow?
General Dynamics Corporation generated $5.78B of free cash flow for the twelve months ended Oct 4, 2026, which is operating cash flow of $7.31B less capital expenditures.
What is GD earnings per share?
Diluted earnings per share were $17.00 for the twelve months ended Oct 4, 2026, from SEC filings, restated for any stock split those filings show.
When did GD last report financial results?
The latest statements here come from General Dynamics Corporation's 10-Q filed on Oct 30, 2026, covering the period ended Oct 4, 2026.
Where does this GD financial data come from?
Quantisnow builds these statements from the structured XBRL data General Dynamics Corporation files with the SEC. It is provided for information only and is not investment advice.