General Dynamics Corp (GD) Financial Statements
Industry: Ship & Boat Building & Repairing
In fiscal 2025, General Dynamics reported revenue of $52.55B, up 10.1% from $47.72B the year before. Net income was $4.21B (a 8.0% net margin), or $15.45 per diluted share. Gross margin was 10.2% and operating margin was 10.2%. Operating activities generated $5.12B of cash, leaving $3.96B of free cash flow. At fiscal year end, General Dynamics held $57.25B in total assets against $31.63B in total liabilities, including $2.33B of cash and equivalents.
Open the full interactive General Dynamics financials → Quarterly statements, key ratios, valuation history and price charts.
General Dynamics Key Stats
| Share Price | $332.42 |
|---|---|
| Market Cap | $90.92B |
| P/E Ratio | 21.5 |
| Dividend Yield | 1.81% |
| Revenue YoY Growth | +10.1% |
| 52-Week Range | $309.66 – $394.06 |
| Shares Outstanding | 270.2 million (basic, 2026 Q2) |
General Dynamics Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $37.92B | $38.47B | $39.41B | $42.27B | $47.72B | $52.55B |
| Cost of Goods Sold | $33.79B | $34.31B | $35.20B | $38.03B | $42.92B | $47.19B |
| Gross Profit | $4.13B | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B |
| Operating Income | $4.13B | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B |
| Pre-Tax Income | $3.74B | $3.87B | $4.04B | $3.98B | $4.54B | $5.10B |
| Income Tax | $571.0M | $616.0M | $646.0M | $669.0M | $758.0M | $893.0M |
| Net Income | $3.17B | $3.26B | $3.39B | $3.31B | $3.78B | $4.21B |
| Diluted EPS | $11.00 | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
General Dynamics Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $12.91B | $14.38B | $13.48B | $14.09B |
| Net Income | $1.06B | $1.14B | $1.12B | $1.16B |
| Diluted EPS | $3.88 | $4.20 | $4.10 | $4.24 |
General Dynamics Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.82B | $1.60B | $1.24B | $1.91B | $1.70B | $2.33B |
| Current Assets | $21.54B | $19.99B | $21.06B | $23.61B | $24.39B | $24.25B |
| Total Assets | $51.31B | $50.07B | $51.59B | $54.81B | $55.88B | $57.25B |
| Current Liabilities | $15.96B | $13.98B | $15.34B | $16.43B | $17.82B | $16.80B |
| Total Long-Term Debt | $13.12B | $11.61B | $10.59B | $9.34B | $8.83B | $8.07B |
| Total Liabilities | $35.65B | $32.43B | $33.02B | $33.51B | $33.82B | $31.63B |
| Shareholders' Equity | $15.66B | $17.64B | $18.57B | $21.30B | $22.06B | $25.62B |
General Dynamics Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.86B | $4.27B | $4.58B | $4.71B | $4.11B | $5.12B |
| Cash From Investing | -$974.0M | -$882.0M | -$1.49B | -$941.0M | -$953.0M | -$1.28B |
| Cash From Financing | -$903.0M | -$4.59B | -$3.47B | -$3.09B | -$3.37B | -$3.19B |
| Free Cash Flow | $2.89B | $3.38B | $3.46B | $3.81B | $3.20B | $3.96B |
| Dividends Paid | $1.24B | $1.31B | $1.37B | $1.43B | $1.53B | $1.59B |
Figures from General Dynamics' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full General Dynamics financials page for every line item.
General Dynamics Company Profile
| Ticker | GD |
|---|---|
| Exchange | NYSE |
| Industry | Ship & Boat Building & Repairing |
| Headquarters | Reston, Virginia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000040533 |
Frequently Asked Questions
What was General Dynamics' revenue in fiscal 2025?
General Dynamics (GD) reported revenue of $52.55B for fiscal 2025.
What is General Dynamics' annual revenue history?
General Dynamics' annual revenue by fiscal year: 2020: $37.92B; 2021: $38.47B; 2022: $39.41B; 2023: $42.27B; 2024: $47.72B; 2025: $52.55B.
What was General Dynamics' net income in fiscal 2025?
General Dynamics reported net income of $4.21B for fiscal 2025.
What was General Dynamics' earnings per share (EPS) in fiscal 2025?
General Dynamics' diluted EPS was $15.45 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did General Dynamics generate in fiscal 2025?
General Dynamics generated $3.96B of free cash flow in fiscal 2025.
What was General Dynamics' revenue last quarter?
In its most recent reported quarter (2026 Q2), General Dynamics reported revenue of $14.09B.
How much debt does General Dynamics have?
General Dynamics reported $8.07B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of General Dynamics are outstanding?
General Dynamics reported a weighted average of 270.2 million basic shares outstanding in 2026 Q2.
What is General Dynamics' market cap?
Based on its latest closing price, General Dynamics (GD) has a market capitalization of about $90.92B.
When does General Dynamics' fiscal year end?
General Dynamics' fiscal year end, as registered with the SEC, is December 31.
Where is General Dynamics headquartered?
General Dynamics lists its business address in Reston, Virginia in its SEC filings.