Company financials

General Dynamics

Industrials Aerospace & Defense Falls Church, Virginia Last filing Jan 30, 2026 · FY2025

                    Revenue
                    FY2025
                
$52.5B
                    3y CAGR +10.1%
                    
                    P86
                    
                    +10.1%
                    
                    Net income
                    FY2025
                
$4.2B
                    Net margin +8.0%
                    
                    P27
                    
                    +11.3%
                    
                    Total assets
                    FY2025
                
$57.2B
                    ROA +7.4%
                    
                    P39
                    
                    +2.4%
                    
                    Operating cash flow
                    FY2025
                
$5.1B
                    FCF margin +7.5%
                    
                    P27
                    
                    +24.5%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 10 years

Total assets $57.2B

Total liabilities ~$31.6B

Shareholders equity $25.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	4.4%	3.6%	4.5%	3.0%	4.2%	7.4%	2.3%	2.7%	9.6%	7.4%
Accounts Receivable	4.6%	6.2%	7.1%	7.6%	7.9%	8.3%	9.0%	10.4%	11.7%	11.5%
Inventory	17.6%	20.4%	20.3%	16.0%	13.9%	15.1%	16.0%	16.5%	17.1%	11.2%
Other Current Assets	19.6%	20.9%	23.9%	26.6%	26.0%	25.9%	22.9%	20.7%	20.7%	19.1%
Total Current Assets	46.1%	51.1%	55.9%	53.4%	52.0%	56.8%	50.3%	50.3%	59.2%	49.3%
Property,Plant and Equipment	14.3%	13.6%	14.7%	15.0%	14.1%	13.4%	11.4%	11.0%	11.4%	11.1%
Goodwill	40.0%	43.1%	48.7%	51.6%	52.2%	52.9%	50.0%	54.1%	38.5%	36.5%
Intangible Assets	2.6%	3.2%	3.9%	4.6%	5.1%	5.6%	5.9%	7.1%	2.3%	2.2%
Other Noncurrent Assets	5.9%	6.2%	6.5%	6.3%	6.7%	6.6%	6.6%	2.9%	1.9%	5.9%
Total Assets	108.9%	117.1%	129.7%	130.9%	130.2%	135.3%	124.1%	125.5%	113.2%	104.8%
Liabilities
Accounts Payable	5.1%	7.0%	7.3%	8.6%	8.2%	7.8%	8.0%	8.8%	10.4%	8.1%
Deferred Revenue	18.7%	19.9%	22.6%	18.9%	16.3%	16.5%	18.2%	20.1%	22.6%	15.8%
Current Portion of Long Term Debt	1.9%	3.1%	1.2%	3.2%	2.6%	7.9%	7.4%	2.7%	0.0%	2.9%
Other Current Liabilities	6.3%	7.3%	7.7%	8.3%	9.2%	9.8%	9.1%	9.2%	9.4%	14.3%
Total Current Liabilities	32.0%	37.4%	38.9%	38.9%	36.3%	42.1%	42.7%	40.7%	42.3%	41.0%
Long Term Debt	13.3%	15.2%	20.7%	23.5%	27.3%	26.4%	22.9%	31.6%	12.8%	9.5%
Other Noncurrent Liabilities	14.9%	18.3%	19.7%	21.4%	20.7%	25.5%	24.0%	20.7%	21.1%	19.3%
Equity
Common Stock	0.9%	1.0%	1.1%	1.2%	1.3%	1.3%	1.2%	1.3%	1.6%	1.5%
Additional Paid In Capital	8.4%	8.5%	8.9%	9.0%	8.5%	8.2%	7.7%	8.1%	9.3%	9.0%
Retained Earnings	83.9%	86.9%	92.9%	94.9%	92.1%	88.3%	80.4%	81.0%	85.4%	80.5%
Treasury Stock	43.5%	47.0%	49.8%	52.6%	51.0%	47.2%	44.1%	47.6%	50.2%	45.2%
Accumulated Other Comprehensive Income	-0.9%	-3.2%	-2.7%	-5.5%	-5.0%	-9.4%	-10.7%	-10.4%	-9.1%	-10.8%
Total Stockholders Equity	48.8%	46.2%	50.4%	47.1%	45.9%	41.3%	34.5%	32.4%	36.9%	35.0%
Total Liabilitiesand Equity	108.9%	117.1%	129.7%	130.9%	130.2%	135.3%	124.1%	125.5%	113.2%	104.8%

Income Statement

Revenue, expense, and profitability

10 accounts · 10 years

Revenue $52.5B

Operating income $5.4B

Net income $4.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	4.9%	5.4%	5.7%	6.1%	5.8%	5.8%	6.1%	6.3%	6.5%	6.2%
Other Income Expense Operating Income	10.2%	10.1%	10.0%	10.7%	10.8%	10.9%	11.6%	12.1%	13.7%	13.7%
Other Income Expense Other Income/expense	-0.5%	-0.5%	-0.6%	-0.4%	-0.8%	-1.0%	-0.9%	-0.9%	-0.5%	-0.2%
Other Income Expense Income Before Tax	9.7%	9.5%	9.4%	10.2%	10.1%	9.9%	10.7%	11.3%	13.2%	13.5%
Income Tax Income Tax Expense	1.7%	1.6%	1.6%	1.6%	1.6%	1.5%	1.8%	2.0%	3.8%	3.7%
net Income net Income	8.0%	7.9%	7.8%	8.6%	8.5%	8.4%	8.9%	9.2%	9.4%	9.4%
net Income Comprehensive Income	10.0%	7.2%	10.2%	8.0%	12.7%	9.1%	7.7%	8.4%	11.2%	9.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 10 years

Operating cash flow $5.1B

Investing cash flow $-1.3B

Financing cash flow $-3.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	8.0%	7.9%	7.8%	8.6%	8.5%	8.4%	8.9%	9.2%	9.4%	8.2%
Operating Activities Depreciation and Amortization	1.8%	1.9%	2.0%	2.2%	2.3%	2.3%	2.1%	2.1%	1.4%	1.4%
Operating Activities Stock Based Compensation	0.4%	0.4%	0.4%	0.4%	0.3%	0.3%	0.3%	0.4%	0.4%	0.3%
Operating Activities Deferred Income Taxes	0.5%	-0.2%	-0.4%	-0.5%	-0.2%	-0.3%	0.2%	-0.0%	1.3%	0.6%
Operating Activities Changes In Operating Assets and Liabilities	-0.9%	-1.4%	1.2%	0.8%	0.2%	-0.5%	-4.0%	-3.1%	-0.0%	-4.0%
Operating Activities net Cash From Operating Activities	9.7%	8.6%	11.1%	11.6%	11.1%	10.2%	7.6%	8.7%	12.5%	6.9%
Investing Activities Capital Expenditures	-2.2%	-1.9%	-2.1%	-2.8%	-2.3%	-2.5%	-2.5%	-1.9%	-1.4%	-1.3%
Investing Activities Other Investing Activities	-0.2%	-0.1%	-0.1%	-1.0%	0.0%	0.5%	0.0%	1.5%	0.1%	0.2%
Investing Activities net Cash From Investing Activities	-2.4%	-2.0%	-2.2%	-3.8%	-2.3%	-2.6%	-2.5%	-28.3%	-2.5%	-1.2%
Financing Activities Proceeds From Debt	1.4%	0.0%	0.0%	—	9.1%	11.5%	0.0%	17.9%	3.2%	3.2%
Financing Activities Repayment of Debt	-2.9%	-1.0%	-3.0%	-2.5%	-5.2%	-7.5%	-1.4%	2.7%	-2.9%	-1.6%
Financing Activities Repurchase of Common Stock	-1.2%	-3.1%	-1.0%	-3.1%	-4.8%	-1.5%	-0.6%	-4.9%	-5.0%	-6.4%
Financing Activities Dividends Paid	-3.0%	-3.1%	-3.3%	-3.6%	-3.4%	-3.3%	-3.0%	-3.0%	-3.2%	-2.9%
Financing Activities Other Financing Activities	-0.4%	0.3%	0.0%	0.3%	0.1%	-0.3%	-0.1%	-1.4%	0.2%	-0.1%
Financing Activities net Cash From Financing Activities	-6.1%	-7.1%	-7.3%	-8.8%	-11.9%	-2.4%	-5.1%	14.1%	-7.7%	-6.9%
Cash Reconciliation Other Changes In Cash	-0.0%	-0.0%	-0.0%	0.1%	-0.1%	-0.2%	-0.1%	-0.1%	-0.1%	-0.2%
Cash Reconciliation net Change In Cash	1.2%	-0.5%	1.6%	-0.9%	-3.2%	5.1%	-0.2%	-5.6%	2.1%	-1.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	+20.2%	+50.7%
Operating margin	+10.2%	+10.1%	+10.0%	+10.7%	+10.8%	+10.9%	+11.6%	+12.1%	+13.7%	+13.7%
Net margin	+8.0%	+7.9%	+7.8%	+8.6%	+8.5%	+8.4%	+8.9%	+9.2%	+9.4%	+9.4%
FCF margin	+7.5%	+6.7%	+9.0%	+8.8%	+8.8%	+7.6%	+5.1%	+6.8%	+11.1%	+5.6%
Growth
Revenue CAGR (3y)	+10.1%	+7.4%	+3.7%	+0.0%	+2.1%	+7.0%	+7.9%	+4.8%	+0.1%	+0.5%
Returns
ROE	+16.4%	+17.1%	+15.6%	+18.3%	+18.5%	+20.2%	+25.7%	+28.5%	+25.5%	+26.9%
ROA	+7.4%	+6.8%	+6.0%	+6.6%	+6.5%	+6.2%	+7.1%	+7.4%	+8.3%	+9.0%
ROIC	+14.1%	+13.7%	+12.3%	+12.7%	+12.7%	+13.5%	+15.4%	+15.6%	+24.3%	+24.9%
Liquidity
Current ratio	1.44x	1.37x	1.44x	1.37x	1.43x	1.35x	1.18x	1.23x	1.40x	1.20x
Quick ratio	0.28x	0.26x	0.30x	0.27x	0.33x	0.37x	0.26x	0.32x	0.50x	0.46x
Leverage
D/E	1.23x	1.53x	1.57x	1.78x	1.84x	2.28x	2.60x	2.87x	2.06x	1.99x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.92x	0.85x	0.77x	0.76x	0.77x	0.74x	0.81x	0.80x	0.88x	0.95x
Cash conversion cycle	—	—	—	—	—	—	—	—	+74d	+65d

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