General Dynamics (GD) financial statements
- FY2025 revenue
- $52.6B▲ +10.1%
- FY2025 net income
- $4.2B▲ +11.3%
- FY2025 diluted EPS
- $15.45▲ +13.4%
- FY2025 free cash flow
- $4.0B▲ +23.9%
General Dynamics income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 52,550 | 47,716 | 42,272 |
| Operating income | 5,356 | 4,796 | 4,245 |
| Pretax income | 5,103 | 4,540 | 3,984 |
| Net income | 4,210 | 3,782 | 3,315 |
| Diluted earnings per share | 15.45 | 13.63 | 12.02 |
General Dynamics balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 2,333 | 1,697 | 1,913 |
| Total assets | 57,249 | 55,880 | 54,810 |
| Total liabilities (derived) | 31,627 | 33,817 | 33,511 |
| Total equity | 25,622 | 22,063 | 21,299 |
| Long-term debt | 7,007 | 7,260 | 8,754 |
General Dynamics cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 5,120 | 4,112 | 4,710 |
| Capital expenditure | -1,161 | -916 | -904 |
| Free cash flow (derived) | 3,959 | 3,196 | 3,806 |
| Dividends paid | -1,593 | -1,529 | -1,428 |
| Share repurchases | -637 | -1,501 | -434 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 4 Oct 2026 | 5 Jul 2026 | 5 Apr 2026 | 31 Dec 2025 |
| Revenue | 14,566 | 14,094 | 13,481 | n/a |
| Operating income (derived) | 1,527 | 1,460 | 1,420 | 1,452 |
| Net income (derived) | 1,229 | 1,160 | 1,125 | 1,143 |
| Operating cash flow (derived) | 1,710 | n/a | 2,155 | 1,561 |
| Total assets | 60,205 | 60,163 | 59,029 | 57,249 |
General Dynamics major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Longview Asset Management, LLC | 9.0% | 24,388,917 | 7 October 2026 |
| Vanguard Capital Management | 6.9% | 18,635,779 | 30 April 2026 |
| BlackRock, Inc. | 6.4% | 17,250,237 | 29 July 2026 |
General Dynamics 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 30 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 30 October 2026 | 8-K | Current report | Current report |
| 8 October 2026 | 8-K | Current report | Current report |
| 7 August 2026 | 8-K | Current report | Current report |
| 4 August 2026 | 8-K | Current report | Current report |
| 29 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 July 2026 | 8-K | Current report | Current report |
| 11 May 2026 | 8-K | Current report | Current report |
Common questions
What was General Dynamics' revenue in fiscal 2025?
General Dynamics reported $52.6 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 10.1% from fiscal 2024.
What was General Dynamics' net income in fiscal 2025?
General Dynamics reported net income of $4.2 billion for fiscal 2025, the year ended 31 December 2025, up 11.3% from fiscal 2024. Diluted earnings per share were $15.45.
What was General Dynamics' free cash flow in fiscal 2025?
General Dynamics had $4.0 billion in free cash flow in fiscal 2025. Operating cash flow was $5.1 billion and capital expenditure was $1.2 billion.
What were General Dynamics' total assets at the end of fiscal 2025?
General Dynamics reported total assets of $57.2 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much General Dynamics history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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