General Dynamics (GD) financials
General Dynamics revenue and earnings by year
General Dynamics's revenue was $52.5 billion in the fiscal year to December 31, 2025, up 10.1% from the year before. Net income was $4.21 billion, 8.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.6 | 47.7 | 42.3 | 39.4 | 38.5 | 37.9 | 39.4 | 36.2 | 31.0 | 30.6 |
| Revenue growth | 10.1% | 12.9% | 7.3% | 2.4% | 1.4% | -3.6% | 8.7% | 16.9% | 1.3% | — |
| Gross profit | 8.0 | 7.4 | 6.7 | 6.6 | 6.4 | 6.3 | 7.0 | 6.7 | 6.2 | 5.7 |
| Gross margin | 15.1% | 15.4% | 15.8% | 16.8% | 16.7% | 16.7% | 17.8% | 18.4% | 20.2% | 18.5% |
| Operating income | 5.4 | 4.8 | 4.2 | 4.2 | 4.2 | 4.1 | 4.6 | 4.4 | 4.2 | 3.7 |
| Operating margin | 10.2% | 10.1% | 10.0% | 10.7% | 10.8% | 10.9% | 11.6% | 12.1% | 13.7% | 12.3% |
| Net income | 4.2 | 3.8 | 3.3 | 3.4 | 3.3 | 3.2 | 3.5 | 3.3 | 2.9 | 2.6 |
| 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 |
| Free cash flow | 4.0 | 3.2 | 3.8 | 3.5 | 3.4 | 2.9 | 2.0 | 3.0 | 3.5 | 1.8 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open GD in Markets.
See also: GD valuation and P/E history · GD returns
No forecast, no recommendation. This page describes General Dynamics from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.