General Dynamics (GD): financials, SEC filings and peers
General Dynamics (GD) is an aerospace & defense company in the Industrials sector of the S&P 500, headquartered in Reston, Virginia.
It was founded in 1899 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Ship & Boat Building & Repairing”.
General Dynamics at a glance
- Revenue (12 months)
- $53.8B
- Revenue growth
- +9.3%
- Operating margin
- 10.2%
- Net income (12 months)
- $4.3B
- Free cash flow (12 months)
- $6.2B
- Cash
- $3.7B
- Debt
- $8.1B
- Diluted EPS (12 months)
- —
Twelve months to April 5, 2026, from the 10-Q filed April 29, 2026.
Latest twelve months
Over the twelve months to April 5, 2026, General Dynamics reported revenue of $53.8 billion, up 9.3% from a year earlier.
Its operating margin was 10.2%: for every $100 of sales, about $10 was left as operating profit.
Net income was $4.3 billion (8.1% of revenue), 9.2% higher than a year earlier.
Operating cash flow was $7.4 billion and capital spending $1.2 billion, leaving free cash flow of $6.2 billion (11.5% of revenue).
At the end of the period it held $3.7 billion in cash and $8.1 billion in debt, a net debt position of $4.4 billion.
Five-year trend
- Revenue went from $37.9 billion in fiscal 2020 to $52.5 billion in fiscal 2025, about 6.7% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 10.2%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| Revenue growth | 1.4% | 2.4% | 7.3% | 12.9% | 10.1% |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Net income | $3.3B | $3.4B | $3.3B | $3.8B | $4.2B |
| Free cash flow | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| Diluted EPS | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
Fiscal years as reported in General Dynamics’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed August 7, 2026 — Executive or director change
- 8-K filed August 4, 2026 — Other event
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed May 11, 2026 — Shareholder vote results
- 10-Q filed April 29, 2026 — quarterly report
- 8-K filed April 29, 2026 — Earnings results
Companies like General Dynamics
Other S&P 500 companies in Aerospace & Defense:
- AXONAxon EnterpriseScottsdale, Arizona
- BABoeingArlington, Virginia
- GEGE AerospaceEvendale, Ohio
- HIIHuntington Ingalls IndustriesNewport News, Virginia
- HONAHoneywell AerospacePhoenix, Arizona
- HWMHowmet AerospacePittsburgh, Pennsylvania
- LHXL3HarrisMelbourne, Florida
- LMTLockheed MartinBethesda, Maryland
More from Industrials
Questions about General Dynamics
Is General Dynamics's revenue growing?
Yes. Revenue for the twelve months to April 5, 2026 was $53.8 billion, up 9.3% from a year earlier, according to its SEC filings.
Is General Dynamics profitable?
Yes. It earned $4.3 billion in net income over the twelve months to April 5, 2026, a net margin of 8.1%.
Does General Dynamics have more cash or more debt?
At April 5, 2026 it had $3.7 billion in cash and $8.1 billion in debt, so more debt than cash.
When did General Dynamics last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to General Dynamics?
In the S&P 500, General Dynamics is grouped in Aerospace & Defense within the Industrials sector. Axon Enterprise (AXON), Boeing (BA), GE Aerospace (GE), Huntington Ingalls Industries (HII), Honeywell Aerospace (HONA) are in the same group.
Understand the numbers
Source: General Dynamics’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.