General Dynamics financials
$334.16−0.76%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.55B | $47.72B | $42.27B | $39.41B | $38.47B | $37.92B | $39.35B | $36.19B | $30.97B | $30.56B |
| Gross profit | $7.95B | $7.36B | $6.67B | $6.62B | $6.41B | $6.33B | $6.99B | $6.66B | $6.24B | $5.67B |
| Gross margin | 15.1% | 15.4% | 15.8% | 16.8% | 16.7% | 16.7% | 17.8% | 18.4% | 20.2% | 18.5% |
| Operating income | $5.36B | $4.80B | $4.25B | $4.21B | $4.16B | $4.13B | $4.57B | $4.39B | $4.24B | $3.74B |
| Net income | $4.21B | $3.78B | $3.31B | $3.39B | $3.26B | $3.17B | $3.48B | $3.35B | $2.91B | $2.57B |
| Net margin | 8.0% | 7.9% | 7.8% | 8.6% | 8.5% | 8.4% | 8.9% | 9.2% | 9.4% | 8.4% |
| Diluted EPS | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 | $11.00 | $11.98 | $11.18 | $9.56 | $8.29 |
| EBITDA | $6.04B | $5.44B | $4.85B | $4.80B | $5.05B | $5.01B | $5.40B | $5.16B | $4.68B | $4.20B |
| Operating cash flow | $5.12B | $4.11B | $4.71B | $4.58B | $4.27B | $3.86B | $2.98B | $3.15B | $3.88B | $2.16B |
| Free cash flow | $3.96B | $3.20B | $3.81B | $3.46B | $3.38B | $2.89B | $1.99B | $2.46B | $3.45B | $1.77B |
| Diluted shares | 272.4M | 277.5M | 275.7M | 278.2M | 282.0M | 287.9M | 290.8M | 299.2M | 304.6M | 310.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $1.70B | $1.91B | $1.24B | $1.60B | $2.82B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $8.01B | $8.76B | $9.26B | $10.50B | $11.49B | $13.00B |
| Total assets | $57.25B | $55.88B | $54.81B | $51.59B | $50.07B | $51.31B |
| Total liabilities | $31.63B | $33.82B | $33.51B | $33.02B | $32.43B | $35.65B |
| Shareholders' equity | $25.62B | $22.06B | $21.30B | $18.57B | $17.64B | $15.66B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology