General Dynamics Financial Statements
NYSE: GDIndustrialsMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 331.27 0.00%
General Dynamics revenue and earnings
In fiscal 2025, General Dynamics generated $52.55 billion in revenue, up 10.1% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $4.21 billion (+11.3% year over year), for a net margin of 8.0% versus a median of 8.4% in the prior 5 years. Operating margin was 10.2%.
Diluted earnings per share came in at $15.45, up from $13.63. Over the last 5 fiscal years, GD's revenue has grown at a 6.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
General Dynamics income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.55B | 47.72B | 42.27B | 39.41B | 38.47B | 37.92B | 39.35B | 36.19B | 30.97B | 30.56B |
| Revenue growth (YoY) | +10.13% | +12.88% | +7.27% | +2.44% | +1.43% | -3.62% | +8.72% | +16.85% | +1.35% | -3.84% |
| Cost of Revenue | — | — | — | — | — | — | 32.29B | 29.48B | 24.73B | 24.90B |
| Gross Profit | — | — | — | — | — | — | 7.06B | 6.71B | 6.24B | 5.67B |
| Operating Expenses | — | — | — | — | — | — | 2.49B | 2.32B | 2.01B | 1.92B |
| Operating Income | 5.36B | 4.80B | 4.25B | 4.21B | 4.16B | 4.13B | 4.57B | 4.39B | 4.24B | 3.74B |
| Interest Expense | 402.00M | 393.00M | 399.00M | 391.00M | 431.00M | 489.00M | 472.00M | 374.00M | 117.00M | 99.00M |
| Other Income (Expense) | 61.00M | 68.00M | 82.00M | 189.00M | 134.00M | 82.00M | 92.00M | 47.00M | -56.00M | 3.00M |
| Pretax Income | 5.10B | 4.54B | 3.98B | 4.04B | 3.87B | 3.74B | 4.20B | 4.08B | 4.08B | 3.66B |
| Income Tax | 893.00M | 758.00M | 669.00M | 646.00M | 616.00M | 571.00M | 718.00M | 727.00M | 1.17B | 977.00M |
| Net Income | 4.21B | 3.78B | 3.31B | 3.39B | 3.26B | 3.17B | 3.48B | 3.35B | 2.91B | 2.57B |
| Net Income growth (YoY) | +11.32% | +14.09% | -2.21% | +4.08% | +2.84% | -9.10% | +4.16% | +14.87% | +13.22% | -15.28% |
| EPS (Basic) | 15.65 | 13.81 | 12.14 | 12.31 | 11.61 | 11.04 | 12.09 | 11.33 | 9.73 | 8.44 |
| EPS (Diluted) | 15.45 | 13.63 | 12.02 | 12.19 | 11.55 | 11.00 | 11.98 | 11.18 | 9.56 | 8.29 |
| Shares Outstanding (Basic) | 269.08M | 273.86M | 273.14M | 275.31M | 280.43M | 286.92M | 288.29M | 295.26M | 299.17M | 304.71M |
| Shares Outstanding (Diluted) | 272.43M | 277.49M | 275.73M | 278.17M | 282.02M | 287.91M | 290.84M | 299.16M | 304.64M | 310.39M |
| EBITDA | 6.28B | 5.68B | 5.11B | 5.09B | 5.05B | 5.01B | 5.40B | 5.16B | 4.68B | 4.20B |
| Gross Margin | — | — | — | — | — | — | 17.94% | 18.55% | 20.15% | 18.54% |
| Operating Margin | 10.19% | 10.05% | 10.04% | 10.69% | 10.82% | 10.90% | 11.61% | 12.14% | 13.68% | 12.25% |
| Net Margin | 8.01% | 7.93% | 7.84% | 8.60% | 8.47% | 8.35% | 8.85% | 9.24% | 9.40% | 8.42% |
This table shows 10 annual periods of General Dynamics's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GD's reporting calendar. What is a income statement?