GD · General Dynamics Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.48B | - | $12.91B | $13.04B | $12.22B | - | $11.67B | $11.98B | $10.73B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $723.00M | - | $637.00M | $644.00M | $625.00M | - | $635.00M | $644.00M | $627.00M | - |
| Total Operating Expenses | $12.06B | - | $11.58B | $11.74B | $10.96B | - | $10.49B | $10.82B | $9.70B | - |
| D&A | $232.00M | - | $226.00M | $223.00M | $211.00M | - | - | - | $152.00M | - |
| Operating Income | $1.42B | - | $1.33B | $1.30B | $1.27B | - | $1.18B | $1.16B | $1.04B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $244.00M | - | $213.00M | $218.00M | $206.00M | - | $184.00M | $185.00M | $169.00M | - |
| Net Income | $1.13B | - | $1.06B | $1.01B | $994.00M | - | $930.00M | $905.00M | $799.00M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.65B | $2.33B | $2.52B | $1.52B | $1.24B | $1.70B | $2.10B | $1.36B | $1.04B | $1.91B |
| Accounts Receivable | $2.25B | $2.41B | $3.30B | $3.61B | $3.29B | $2.98B | $3.17B | $3.15B | $3.12B | $3.00B |
| Inventory | $9.18B | $9.23B | $9.81B | $9.89B | $9.82B | $9.72B | $10.14B | $9.69B | $9.59B | $8.58B |
| Accounts Payable | $2.84B | $2.68B | $3.46B | $3.08B | $3.36B | $3.34B | $3.29B | $2.97B | $3.20B | $3.10B |
| Current Assets | $26.05B | $24.25B | $25.85B | $25.07B | $25.12B | $24.39B | $25.74B | $24.31B | $24.20B | $23.61B |
| Total Assets | $59.03B | $57.25B | $57.60B | $56.89B | $56.58B | $55.88B | $57.31B | $55.44B | $55.25B | $54.81B |
| Current Liabilities | $18.82B | $16.80B | $18.46B | $18.38B | $18.76B | $17.82B | $19.56B | $18.26B | $16.79B | $16.43B |
| Long-term Debt | $6.26B | $7.01B | $7.01B | $7.51B | $7.26B | $7.26B | $7.26B | $7.26B | $8.75B | $8.75B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $26.08B | $25.62B | $24.43B | $23.58B | $22.23B | $22.06B | $22.97B | $22.04B | $21.41B | $21.30B |
| Retained Earnings | $44.77B | $44.08B | $43.34B | $42.70B | $42.08B | $41.49B | $40.73B | $40.19B | $39.68B | $39.27B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.15B | - | - | - | ($148.00M) | - | - | - | ($278.00M) | - |
| Investing Cash Flow | ($202.00M) | - | - | - | ($130.00M) | - | - | - | ($182.00M) | - |
| Financing Cash Flow | ($629.00M) | - | - | - | ($175.00M) | - | - | - | ($416.00M) | - |
| CapEx | $203.00M | - | - | - | $142.00M | - | - | - | $159.00M | - |
| Free Cash Flow | $1.95B | - | - | - | ($290.00M) | - | - | - | ($437.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 10.5% | - | 10.3% | 10.0% | 10.4% | - | 10.1% | 9.7% | 9.7% | - |
| EBITDA margin | 12.3% | - | 12.1% | 11.7% | 12.1% | - | - | - | 11.1% | - |
| Net margin | 8.3% | - | 8.2% | 7.8% | 8.1% | - | 8.0% | 7.6% | 7.4% | - |
| Free cash flow margin | 14.5% | - | - | - | -2.4% | - | - | - | -4.1% | - |
| FCF / Net income | 1.74 | - | - | - | -0.29 | - | - | - | -0.55 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.4% | - | 4.9% | 4.9% | 5.1% | - | 5.4% | 5.4% | 5.8% | - |
| Effective tax rate | 17.8% | - | 16.7% | 17.7% | 17.2% | - | 16.5% | 17.0% | 17.5% | - |
| Return on assets | 1.9% | - | 1.8% | 1.8% | 1.8% | - | 1.6% | 1.6% | 1.4% | - |
| Return on equity | 4.3% | - | 4.3% | 4.3% | 4.5% | - | 4.0% | 4.1% | 3.7% | - |
| Return on invested capital | 3.6% | - | 3.5% | 3.5% | 3.6% | - | 3.3% | 3.3% | 2.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.38 | 1.44 | 1.40 | 1.36 | 1.34 | 1.37 | 1.32 | 1.33 | 1.44 | 1.44 |
| Quick ratio | 0.90 | 0.89 | 0.87 | 0.83 | 0.82 | 0.82 | 0.80 | 0.80 | 0.87 | 0.92 |
| Cash ratio | 0.19 | 0.14 | 0.14 | 0.08 | 0.07 | 0.10 | 0.11 | 0.07 | 0.06 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.27 | 0.29 | 0.32 | 0.33 | 0.33 | 0.32 | 0.33 | 0.41 | 0.41 |
| Debt / Assets | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.16 | 0.16 |
| Debt / EBITDA | 3.79 | - | 4.50 | 4.91 | 4.91 | - | - | - | 7.37 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.26 | 2.23 | 2.36 | 2.41 | 2.55 | 2.53 | 2.49 | 2.52 | 2.58 | 2.57 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.23 | - | 0.22 | 0.23 | 0.22 | - | 0.20 | 0.22 | 0.19 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 61d | - | 93d | 101d | 98d | - | 99d | 96d | 106d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 3.7x | - | 3.7x | 3.3x | 3.3x | - | 3.6x | 3.7x | 3.7x | - |
| P / S | 7.1x | - | 7.0x | 6.0x | 6.0x | - | 7.1x | 6.7x | 7.3x | - |
| EV / EBITDA | 59.5x | - | 60.7x | 55.5x | 53.5x | - | - | - | 72.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.3% | - | 10.6% | 8.9% | 13.9% | - | 10.4% | 18.0% | 8.6% | - |
| Revenue CAGR (3y) | 10.9% | - | 9.0% | 12.4% | 9.2% | - | 6.8% | 9.1% | 4.6% | - |
| Revenue CAGR (5y) | 7.5% | - | 6.5% | 7.1% | 6.9% | - | 3.6% | 4.6% | 7.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 12.0% | - | 12.7% | 12.9% | 22.4% | - | 11.7% | 20.2% | 10.4% | - |
| Net income growth (YoY) | 13.2% | - | 13.9% | 12.0% | 24.4% | - | 11.2% | 21.6% | 9.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 33.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 17.3% | 16.1% | 6.4% | 7.0% | 3.8% | 3.6% | 15.1% | 13.1% | 12.2% | 14.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$52.55B totalMarine Systems$16.72B · 31.8%
Technologies$13.47B · 25.6%
Aerospace$13.11B · 24.9%
Combat Systems$9.25B · 17.6%
Product / service
$105.10B totalProduct$33.02B · 31.4%
Service$19.53B · 18.6%
Nuclear Powered Submarines$12.61B · 12.0%
Aircraft Manufacturingand Completions$9.41B · 9.0%
Information Technology Services$9.06B · 8.6%
Militaryvehicles$4.97B · 4.7%
C5 ISRSolutions$4.41B · 4.2%
Aircraft Services$3.70B · 3.5%
Weapons Systemsand Munitions$3.10B · 3.0%
Surfaceships$2.93B · 2.8%
Repairand Other Services$1.18B · 1.1%
Engineeringand Other Services$1.17B · 1.1%
Geographic
$102.51B totalNorth America$44.56B · 43.5%
US$43.31B · 42.3%
Non Us$5.40B · 5.3%
Europe$3.54B · 3.5%
Other Africa Middle East$2.02B · 2.0%
Asia Pacific$2.00B · 2.0%
Other North America$1.25B · 1.2%
South America$432.00M · 0.4%
Peer comparison
Same SIC group: Ship & Boat Building & Repairing
Comparing GENERAL DYNAMICS CORP against the 5 most active filers in the same SIC group.
Dividends
$6.09/share trailing 12 months · +5.7% YoY
| Ex-date | Per share |
|---|---|
| Apr 10, 2026 | $1.5900 |
| Jan 16, 2026 | $1.5000 |
| Oct 10, 2025 | $1.5000 |
| Jul 3, 2025 | $1.5000 |
| Apr 11, 2025 | $1.5000 |
| Jan 17, 2025 | $1.4200 |
| Oct 11, 2024 | $1.4200 |
| Jul 5, 2024 | $1.4200 |
| Apr 11, 2024 | $1.4200 |
| Jan 18, 2024 | $1.3200 |
| Oct 5, 2023 | $1.3200 |
| Jul 6, 2023 | $1.3200 |
| Apr 13, 2023 | $1.3200 |
| Jan 19, 2023 | $1.2600 |
| Oct 6, 2022 | $1.2600 |
| Jun 30, 2022 | $1.2600 |
| Apr 7, 2022 | $1.2600 |
| Jan 13, 2022 | $1.1900 |
| Oct 7, 2021 | $1.1900 |
| Jul 1, 2021 | $1.1900 |
| Apr 8, 2021 | $1.1900 |
| Jan 14, 2021 | $1.1000 |
| Oct 8, 2020 | $1.1000 |
| Jul 1, 2020 | $1.1000 |