General Dynamics Corp
GD- Exchange
- NYSE
- Industry
- Ship & Boat Building & Repairing
- SEC CIK
- 0000040533
In the last 90 days, General Dynamics Corp insiders filed 0 open-market purchases and 3 sales; 2,225 institutions reported holding it in 13F filings for Q2 2026, worth $82.8B in total; Markel Group is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 31, 2026, 1:08 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Revenue | $52.5B | $47.7B | $42.3B | $39.4B | $38.5B |
| Selling, general and administrative | $2.60B | $2.57B | $2.43B | $2.41B | $2.25B |
| Operating income | $5.36B | $4.80B | $4.25B | $4.21B | $4.16B |
| Interest expense | – | – | $399.0M | $391.0M | $431.0M |
| Income tax | $893.0M | $758.0M | $669.0M | $646.0M | $616.0M |
| Net income | $4.21B | $3.78B | $3.31B | $3.39B | $3.26B |
| EPS, basic | $15.65 | $13.81 | $12.14 | $12.31 | $11.61 |
| EPS, diluted | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 |
| Weighted shares, basic | 269.1M | 273.9M | 273.1M | 275.3M | 280.4M |
| Weighted shares, diluted | 272.4M | 277.5M | 275.7M | 278.2M | 282.0M |
| Margins and growth | |||||
| Operating margin | 10.2% | 10.1% | 10.0% | 10.7% | 10.8% |
| Net margin | 8.0% | 7.9% | 7.8% | 8.6% | 8.5% |
| Revenue growth, year over year | +10.1% | +12.9% | +7.3% | +2.4% | +1.4% |
| Net income growth, year over year | +11.3% | +14.1% | −2.2% | +4.1% | +2.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Cash and equivalents | $2.33B | $1.70B | $1.91B | $1.24B | $1.60B |
| Accounts receivable | $2.41B | $2.98B | $3.00B | $3.01B | $3.04B |
| Inventory | $9.23B | $9.72B | $8.58B | $6.32B | $5.34B |
| Total current assets | $24.2B | $24.4B | $23.6B | $21.1B | $20.0B |
| Property, plant and equipment | $7.53B | $6.47B | $6.20B | $5.90B | $5.42B |
| Goodwill | $21.0B | $20.6B | $20.6B | $20.3B | $20.1B |
| Intangible assets | $1.38B | $1.52B | $1.66B | $1.82B | $1.98B |
| Total assets | $57.2B | $55.9B | $54.8B | $51.6B | $50.1B |
| Accounts payable | $2.68B | $3.34B | $3.10B | $3.40B | $3.17B |
| Short-term debt | $1.01B | $1.50B | $507.0M | $1.25B | $1.00B |
| Total current liabilities | $16.8B | $17.8B | $16.4B | $15.3B | $14.0B |
| Long-term debt | $7.01B | $7.26B | $8.75B | $9.24B | $10.5B |
| Shareholders' equity | $25.6B | $22.1B | $21.3B | $18.6B | $17.6B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 24, 2024 | Jan 25, 2023 | Jan 26, 2022 |
| Operating cash flow | $5.12B | $4.11B | $4.71B | $4.58B | $4.27B |
| Capital expenditures | $1.16B | $916.0M | $904.0M | $1.11B | $887.0M |
| Free cash flow | $3.96B | $3.20B | $3.81B | $3.46B | $3.38B |
| Depreciation and amortization | $924.0M | $886.0M | $863.0M | $884.0M | $890.0M |
| Stock-based compensation | $196.0M | $183.0M | $181.0M | $165.0M | $126.0M |
| Dividends paid | $1.59B | $1.53B | $1.43B | $1.37B | $1.31B |
| Share buybacks | $637.0M | $1.50B | $434.0M | $1.23B | $1.83B |
| Investing cash flow | -$1.28B | -$953.0M | -$941.0M | -$1.49B | -$882.0M |
| Financing cash flow | -$3.19B | -$3.37B | -$3.09B | -$3.47B | -$4.59B |
| Net change in cash | $636.0M | -$216.0M | $671.0M | -$361.0M | -$1.22B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 4, 2026 | 270.2M | 0.0% | SEC |
| Jul 5, 2026 | 270.6M | +0.6% | SEC |
| Apr 5, 2026 | 270.4M | +0.8% | SEC |
| Dec 31, 2025 | 270.4M | 0.0% | SEC |
| Sep 28, 2025 | 270.1M | −1.8% | SEC |
| Jun 29, 2025 | 269.0M | −2.1% | SEC |
| Mar 30, 2025 | 268.4M | −2.2% | SEC |
| Jan 26, 2025 | 270.4M | −1.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.