gross profit bridgeinconsistent2019-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$52.55B
Fiscal year ended 2025-12-31Operating income
$5.36B
Fiscal year ended 2025-12-31Free cash flow
$3.96B
Fiscal year ended 2025-12-31GENERAL DYNAMICS CORP (GD) reported revenue of $52.55B and net income of $4.21B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from GENERAL DYNAMICS CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Ship & Boat Building & Repairing.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.55B | $47.72B | $42.27B | $39.41B | $38.47B | $37.92B | $39.35B | $36.19B | $30.97B | $30.56B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $32.29B | $29.48B | $24.73B | $24.90B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $6.24B | $5.66B |
| Operating income | $5.36B | $4.80B | $4.24B | $4.21B | $4.16B | $4.13B | $4.57B | $4.39B | $4.24B | $3.74B |
| Net income | $4.21B | $3.78B | $3.32B | $3.39B | $3.26B | $3.17B | $3.48B | $3.34B | $2.91B | $2.57B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 272.42M | shares 277.48M | shares 275.72M | shares 278.17M | shares 282.02M | shares 287.91M | shares 290.84M | shares 299.16M | shares 304.64M | shares 310.39M |
| Pretax income | $5.10B | $4.54B | $3.98B | $4.04B | $3.87B | $3.74B | $4.20B | $4.08B | $4.08B | $3.66B |
| Income tax expense | $893.00M | $758.00M | $669.00M | $646.00M | $616.00M | $571.00M | $718.00M | $727.00M | $1.16B | $977.00M |
| Diluted EPS | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 | $11.00 | $11.98 | $11.18 | $9.56 | $8.29 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $2.60B | $2.57B | $2.43B | $2.41B | $2.24B | $2.19B | $2.42B | $2.26B | $2.01B | $1.92B |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $1.70B | $1.91B | $1.24B | $1.60B | $2.82B | $902.00M | $963.00M | $2.98B | $2.33B |
| Total assets | $57.25B | $55.88B | $54.81B | $51.58B | $50.07B | $51.31B | $49.35B | $45.89B | $35.05B | $33.17B |
| Current assets | $24.25B | $24.39B | $23.62B | $21.06B | $19.99B | $21.54B | $20.29B | $18.19B | $18.33B | $16.53B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $16.80B | $17.82B | $16.43B | $15.34B | $13.98B | $15.96B | $16.80B | $14.74B | $13.10B | $13.45B |
| Total equity incl. NCI | $25.62B | $22.06B | $21.30B | $18.57B | $17.64B | $15.66B | $13.98B | $12.11B | $11.80B | $10.30B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $9.23B | $9.72B | $8.58B | $6.32B | $5.34B | $5.74B | $6.31B | $5.98B | $5.30B | $5.12B |
| Accounts receivable | $2.41B | $2.98B | $3.00B | $3.01B | $3.04B | $3.16B | $3.54B | $3.76B | $3.62B | $3.40B |
| Goodwill | $21.01B | $20.56B | $20.59B | $20.33B | $20.10B | $20.05B | $19.68B | $19.59B | $11.91B | $11.44B |
| Long-term debt | $7.01B | $7.26B | $8.75B | $9.24B | $10.49B | $10.00B | $9.01B | $11.44B | $3.98B | $2.99B |
| Accounts payable | $2.68B | $3.34B | $3.10B | $3.40B | $3.17B | $2.95B | $3.16B | $3.18B | $3.21B | $2.54B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.12B | $4.11B | $4.71B | $4.58B | $4.27B | $3.86B | $2.98B | $3.15B | $3.88B | Unavailable |
| Capital expenditures | $1.16B | $916.00M | $904.00M | $1.11B | $887.00M | $967.00M | $987.00M | $690.00M | $428.00M | $392.00M |
| Investing cash flow | -$1.28B | -$953.00M | -$941.00M | -$1.49B | -$882.00M | -$974.00M | -$994.00M | -$10.23B | -$788.00M | Unavailable |
| Financing cash flow | -$3.19B | -$3.37B | -$3.09B | -$3.47B | -$4.59B | -$903.00M | -$2.00B | $5.09B | -$2.40B | Unavailable |
| Net change in cash | $636.00M | -$216.00M | $671.00M | -$361.00M | -$1.22B | $1.92B | -$61.00M | -$2.02B | $649.00M | -$451.00M |
| Stock-based compensation | $196.00M | $183.00M | $181.00M | $165.00M | $126.00M | $128.00M | $133.00M | $140.00M | $123.00M | $95.00M |
| Common dividends paid | $1.59B | $1.53B | $1.43B | $1.37B | $1.32B | $1.24B | $1.15B | $1.08B | $986.00M | $911.00M |
| Common share repurchases | $637.00M | $1.50B | $434.00M | $1.23B | $1.83B | $587.00M | $231.00M | $1.77B | $1.56B | $2.00B |
| Depreciation & amortization | $924.00M | $886.00M | $863.00M | $884.00M | $890.00M | $878.00M | $829.00M | $763.00M | $441.00M | $453.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $3.96B | $3.20B | $3.81B | $3.46B | $3.38B | $2.89B | $1.99B | $2.46B | $3.45B | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 20.2% | 18.5% |
| Operating margin | 10.2% | 10.1% | 10.0% | 10.7% | 10.8% | 10.9% | 11.6% | 12.1% | 13.7% | 12.3% |
| FCF margin | 7.5% | 6.7% | 9.0% | 8.8% | 8.8% | 7.6% | 5.1% | 6.8% | 11.1% | Unavailable |
| SBC / revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.3% |
| Current ratio | 1.44x | 1.37x | 1.44x | 1.37x | 1.43x | 1.35x | 1.21x | 1.23x | 1.40x | 1.23x |
| Revenue YoY growth | 10.1% | 12.9% | 7.3% | 2.4% | 1.4% | -3.6% | 8.7% | 16.9% | 1.3% | Unavailable |
| Net margin | 8.0% | 7.9% | 7.8% | 8.6% | 8.5% | 8.4% | 8.9% | 9.2% | 9.4% | 8.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 2.2% | 1.9% | 2.1% | 2.8% | 2.3% | 2.5% | 2.5% | 1.9% | 1.4% | 1.3% |
| Long-term debt / equity | 0.27x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 17.5% | 16.7% | 16.8% | 16.0% | 15.9% | 15.3% | 17.1% | 17.8% | 28.6% | 26.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open GD in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-01-30View SEC filing
10-Q · Filed 2025-10-24View SEC filing
10-Q · Filed 2025-07-23View SEC filing
10-Q · Filed 2025-04-23View SEC filing
10-K · Filed 2025-02-07View SEC filing
Reconciliation checks needing review
5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2018-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
cash flow reconciliationreview2020-12-31
Operating, investing and financing flows differ from the reported change in cash by 59000000, beyond tolerance 38580000.00.
cash flow reconciliationreview2019-12-31
Operating, investing and financing flows differ from the reported change in cash by 51000000, beyond tolerance 29810000.00.
cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 40000000, beyond tolerance 38760000.00.