GD
General Dynamics Corporation
NYSE: GD · INDUSTRIALS · AEROSPACE & DEFENSE
$338.73
+7.99% today
Updated 2026-04-29
Market cap
$93.11B
P/E ratio
21.64
P/S ratio
1.77x
EPS (TTM)
$15.91
Dividend yield
—
52W range
$263 – $368
Volume
1.4M
General Dynamics Corporation (GD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.06B | $27.24B | $29.30B | $31.98B | $32.47B | $32.68B | $30.99B | $30.93B | $30.85B | $31.78B | $30.56B | $30.97B | $36.19B | $39.35B | $37.92B | $38.47B | $39.41B | $42.27B | $47.72B | $52.55B |
| Revenue growth (YoY) | — | +13.2% | +7.6% | +9.2% | +1.5% | +0.6% | -5.2% | -0.2% | -0.3% | +3.0% | -3.8% | +1.3% | +16.9% | +8.7% | -3.6% | +1.4% | +2.4% | +7.3% | +12.9% | +10.1% |
| Cost of revenue | $21.44B | $24.13B | $23.93B | $26.35B | $26.56B | $26.82B | $26.01B | $25.20B | $24.98B | $25.55B | $24.90B | $24.73B | $29.54B | $32.36B | $31.60B | $32.06B | $32.78B | $38.03B | $40.35B | $44.60B |
| Gross profit | $2.63B | $3.11B | $5.37B | $5.63B | $5.91B | $5.86B | $4.98B | $5.73B | $5.87B | $6.23B | $5.67B | $6.24B | $6.66B | $6.99B | $6.33B | $6.41B | $6.62B | $4.25B | $7.36B | $7.95B |
| Gross margin | 10.9% | 11.4% | 18.3% | 17.6% | 18.2% | 17.9% | 16.1% | 18.5% | 19.0% | 19.6% | 18.5% | 20.2% | 18.4% | 17.8% | 16.7% | 16.7% | 16.8% | 10.0% | 15.4% | 15.1% |
| R&D | $377.00M | $430.00M | $474.00M | $520.00M | $508.00M | $545.00M | $374.00M | $310.00M | $358.00M | $395.00M | $418.00M | $521.00M | $502.00M | $466.00M | $374.00M | $415.00M | $480.00M | $510.00M | $565.00M | $486.00M |
| SG&A | $1.50B | $1.64B | $1.72B | $1.95B | $1.96B | $2.03B | $2.22B | $2.04B | $1.98B | $1.94B | $1.92B | $2.01B | $2.26B | $2.42B | $2.19B | $2.25B | $2.41B | $2.43B | $2.57B | $2.60B |
| Operating income | $2.63B | $3.11B | $3.65B | $3.67B | $3.94B | $3.83B | $765.00M | $3.69B | $3.89B | $4.29B | $3.74B | $4.24B | $4.39B | $4.57B | $4.13B | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B |
| Operating margin | 10.9% | 11.4% | 12.5% | 11.5% | 12.2% | 11.7% | 2.5% | 11.9% | 12.6% | 13.5% | 12.3% | 13.7% | 12.1% | 11.6% | 10.9% | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| EBITDA | $3.07B | $3.60B | $4.18B | $4.25B | $4.53B | $4.46B | $1.23B | $4.24B | $4.40B | $4.80B | $4.21B | $4.63B | $5.22B | $5.50B | $5.11B | $5.19B | $5.31B | $4.25B | $5.82B | $6.10B |
| EBITDA margin | 12.7% | 13.2% | 14.3% | 13.3% | 13.9% | 13.7% | 4.0% | 13.7% | 14.3% | 15.1% | 13.8% | 15.0% | 14.4% | 14.0% | 13.5% | 13.5% | 13.5% | 10.0% | 12.2% | 11.6% |
| EBIT | $2.68B | $3.18B | $3.74B | $3.68B | $3.96B | $3.87B | $611.00M | $3.68B | $3.90B | $4.32B | $3.75B | $4.19B | $4.46B | $4.67B | $4.23B | $4.30B | $4.43B | $4.25B | $4.93B | $5.42B |
| Interest expense | $156.00M | $131.00M | $133.00M | $171.00M | $167.00M | $155.00M | $168.00M | $103.00M | $103.00M | $98.00M | $99.00M | $117.00M | $374.00M | $472.00M | $489.00M | $431.00M | $391.00M | $399.00M | $393.00M | $314.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.86B | $2.07B | $2.46B | $2.39B | $2.62B | $2.53B | $-332.00M | $2.36B | $2.53B | $3.04B | $2.57B | $2.91B | $3.35B | $3.48B | $3.17B | $3.26B | $3.39B | $3.31B | $3.78B | $4.21B |
| Net income growth (YoY) | — | +11.6% | +18.7% | -2.6% | +9.6% | -3.7% | -113.1% | +809.9% | +7.5% | +19.9% | -15.3% | +13.2% | +14.9% | +4.2% | -9.1% | +2.8% | +4.1% | -2.2% | +14.1% | +11.3% |
| Profit margin | 7.7% | 7.6% | 8.4% | 7.5% | 8.1% | 7.7% | -1.1% | 7.6% | 8.2% | 9.6% | 8.4% | 9.4% | 9.2% | 8.9% | 8.4% | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |