General Dynamics Corporation (GD) — Financial statements
Income statement, balance sheet, and cash flow for General Dynamics Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 52,550↑10.1% | 47,716↑12.9% | 42,272↑7.3% | 39,407↑2.4% | 38,469 | |
| Cost of Revenue | 44,599↑10.5% | 40,352↑13.3% | 35,600↑8.6% | 32,785↑2.3% | 32,061 | |
| Gross Profit | 7,951↑8.0% | 7,364↑10.4% | 6,672↑0.8% | 6,622↑3.3% | 6,408 | |
| Operating Expenses | ||||||
| R&D Expenses | 486↓14.0% | 565↑10.8% | 510↑6.3% | 480↑15.7% | 415 | |
| General & Administrative Expenses | 2,595↑1.1% | 2,568↑5.8% | 2,427↑0.7% | 2,411↑7.4% | 2,245 | |
| Selling & Marketing Expenses | -64 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,531↓1.4% | 2,568↑5.8% | 2,427↑0.7% | 2,411↑7.4% | 2,245 | |
| Other Expenses | -422↑25.3% | -565↓10.8% | -510↓6.3% | -480↓15.7% | -415 | |
| Operating Expenses | 2,595↑1.1% | 2,568↑5.8% | 2,427↑0.7% | 2,411↑7.4% | 2,245 | |
| Total Costs & Expenses | 47,194↑10.0% | 42,920↑12.9% | 38,027↑8.0% | 35,196↑2.6% | 34,306 | |
| Operating Results | ||||||
| Operating Income | 5,356↑11.7% | 4,796↑13.0% | 4,245↑0.8% | 4,211↑1.2% | 4,163 | |
| Depreciation & Amortization | 680↓23.3% | 886↑2.7% | 863↓2.4% | 884↓0.7% | 890 | |
| EBITDA | 6,097↑4.8% | 5,819↑10.9% | 5,246↓1.2% | 5,311↑2.3% | 5,194 | |
| EBIT | 5,417↑9.8% | 4,933↑12.5% | 4,383↓1.0% | 4,427↑2.9% | 4,304 | |
| Interest & Other Income | ||||||
| Net Interest Income | -314↑3.1% | -324↑5.5% | -343↑5.8% | -364↑14.2% | -424 | |
| Interest Income | 0.00↓100.0% | 69↑23.2% | 56↑107.4% | 27↑285.7% | 7 | |
| Interest Expense | 314↓20.1% | 393↓1.5% | 399↑2.0% | 391↓9.3% | 431 | |
| Non-Operating Income | -61↑55.5% | -137↑0.7% | -138↑36.1% | -216↓53.2% | -141 | |
| Other Income / Expenses | -253↑1.2% | -256↑1.9% | -261↓49.1% | -175↑39.7% | -290 | |
| Income Before Tax | 5,103↑12.4% | 4,540↑14.0% | 3,984↓1.3% | 4,036↑4.2% | 3,873 | |
| Income Tax Expense | 893↑17.8% | 758↑13.3% | 669↑3.6% | 646↑4.9% | 616 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,210↑11.3% | 3,782↑14.1% | 3,315↓2.2% | 3,390↑4.1% | 3,257 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,210↑11.3% | 3,782↑14.1% | 3,315↓2.2% | 3,390↑4.1% | 3,257 | |
| Bottom-Line Net Income | 4,210↑11.3% | 3,782↑14.1% | 3,315↓2.2% | 3,390↑4.1% | 3,257 | |
| EPS (Basic) | 15.64↑13.3% | 13.81↑13.8% | 12.14↓1.4% | 12.31↑6.0% | 11.61 | |
| EPS (Diluted) | 15.46↑13.4% | 13.63↑13.4% | 12.02↓1.4% | 12.19↑5.5% | 11.55 | |
| Weighted Average Shares | 270↓2.7% | 277↑1.6% | 273↓0.8% | 275↓1.8% | 280 | |
| Weighted Average Diluted Shares | 274↓1.3% | 277↑0.6% | 276↓0.9% | 278↓1.4% | 282 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.