General Dynamics Corporation
NYSE: GD · INDUSTRIALS · AEROSPACE & DEFENSE
Updated 2026-06-05
General Dynamics Corporation (GD) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $24.06B | $1.86B | 10.91% | 10.91% | 7.71% |
| 2007 | $27.24B | $2.07B | 11.43% | 11.43% | 7.61% |
| 2008 | $29.30B | $2.46B | 18.33% | 12.47% | 8.39% |
| 2009 | $31.98B | $2.39B | 17.60% | 11.49% | 7.49% |
| 2010 | $32.47B | $2.62B | 18.20% | 12.15% | 8.08% |
| 2011 | $32.68B | $2.53B | 17.92% | 11.71% | 7.73% |
| 2012 | $30.99B | $-332.00M | 16.07% | 2.47% | -1.07% |
| 2013 | $30.93B | $2.36B | 18.52% | 11.93% | 7.62% |
| 2014 | $30.85B | $2.53B | 19.04% | 12.61% | 8.21% |
| 2015 | $31.78B | $3.04B | 19.61% | 13.51% | 9.55% |
| 2016 | $30.56B | $2.57B | 18.54% | 12.25% | 8.42% |
| 2017 | $30.97B | $2.91B | 20.15% | 13.68% | 9.40% |
| 2018 | $36.19B | $3.35B | 18.39% | 12.14% | 9.24% |
| 2019 | $39.35B | $3.48B | 17.76% | 11.61% | 8.85% |
| 2020 | $37.92B | $3.17B | 16.68% | 10.90% | 8.35% |
| 2021 | $38.47B | $3.26B | 16.66% | 10.82% | 8.47% |
| 2022 | $39.41B | $3.39B | 16.80% | 10.69% | 8.60% |
| 2023 | $42.27B | $3.31B | 10.04% | 10.04% | 7.84% |
| 2024 | $47.72B | $3.78B | 15.43% | 10.05% | 7.93% |
| 2025 | $52.55B | $4.21B | 15.13% | 10.19% | 8.01% |
Frequently asked questions
What is General Dynamics Corporation's revenue?
General Dynamics Corporation's trailing twelve-month revenue is $53.81B, and consensus projects about $68.10B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is GD?
In its most recent fiscal year, GD ran a gross margin of 15.13%, an operating margin of 10.19%, and a net margin of 8.01%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does GD generate?
GD produced $3.96B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is GD's balance sheet healthy?
GD holds $2.33B in cash and equivalents against $7.01B in long-term debt, on $25.62B of shareholder equity. That debt is best read against the cash flow the business throws off each year.