Company financials

General Dynamics

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

                    Revenue
                    FY2025
                
$52.5B
                    3y CAGR +10.1%
                    
                    P83
                    
                    +10.1%
                    
                    Net income
                    FY2025
                
$4.2B
                    Net margin +8.0%
                    
                    P30
                    
                    +11.3%
                    
                    Total assets
                    FY2025
                
$57.2B
                    ROA +7.4%
                    
                    P42
                    
                    +2.4%
                    
                    Operating cash flow
                    FY2025
                
$5.1B
                    FCF margin +7.5%
                    
                    P21
                    
                    +24.5%

19 yrs · FY2007–FY2025 9 filed · 0 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

34 accounts · 5 years

Total assets $57.2B

Total liabilities $16.8B

Shareholders equity $25.6B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	4.4%	3.6%	4.5%	3.2%	4.2%
Short Term Investments	0.4%	0.5%	0.5%	0.4%	0.5%
Accounts Receivable	4.6%	6.2%	7.1%	7.6%	7.9%
Inventory	17.6%	20.4%	20.3%	16.0%	13.9%
Prepaid Expenses	3.6%	3.6%	5.0%	4.3%	3.9%
Other Current Assets	3.6%	3.6%	5.0%	4.3%	3.9%
Total Current Assets	46.1%	51.1%	55.9%	53.4%	52.0%
Property,Plant and Equipment	14.3%	13.6%	14.7%	15.0%	14.1%
Goodwill	40.0%	43.1%	48.7%	51.6%	52.2%
Intangible Assets	2.6%	3.2%	3.9%	4.6%	5.1%
Deferred Tax Assets	0.0%	0.0%	5.1%	3.9%	4.5%
Other Noncurrent Assets	5.9%	6.2%	6.5%	6.3%	6.7%
Total Assets	108.9%	117.1%	129.7%	130.9%	130.2%
Liabilities
Accounts Payable	5.1%	7.0%	7.3%	8.6%	8.2%
Accrued Liabilities	6.3%	7.3%	7.7%	8.3%	9.2%
Deferred Revenue	18.7%	19.9%	22.6%	18.9%	16.3%
Current Portion of Long Term Debt	1.9%	3.1%	1.2%	3.2%	2.6%
Operating Lease Liabilities	0.5%	0.5%	0.6%	0.6%	0.7%
Other Current Liabilities	6.3%	7.3%	7.7%	8.3%	9.2%
Total Current Liabilities	32.0%	37.4%	38.9%	38.9%	36.3%
Long Term Debt	13.3%	15.2%	20.7%	23.5%	27.3%
Deferred Revenue Noncurrent	5.0%	6.3%	6.1%	5.5%	3.2%
Operating Lease Liabilities Noncurrent	2.1%	2.4%	2.6%	2.8%	2.8%
Deferred Tax Liabilities	1.8%	6.3%	6.6%	5.6%	6.7%
Other Noncurrent Liabilities	14.9%	18.3%	19.7%	21.4%	20.7%
Total Liabilities	32.0%	37.4%	38.9%	38.9%	36.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.9%	1.0%	1.1%	1.2%	1.3%
Additional Paid In Capital	8.4%	8.5%	8.9%	9.0%	8.5%
Retained Earnings	83.9%	86.9%	92.9%	94.9%	92.1%
Treasury Stock	43.5%	47.0%	49.8%	52.6%	51.0%
Accumulated Other Comprehensive Income	-0.9%	-3.2%	-2.7%	-5.5%	-5.0%
Total Stockholders Equity	48.8%	46.2%	50.4%	47.1%	45.9%
Total Liabilitiesand Equity	108.9%	117.1%	129.7%	130.9%	130.2%

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $52.5B

Operating income $5.4B

Net income $4.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	89.8%	89.9%	90.0%	89.3%	89.2%
Expenses Selling,General and Administrative	4.9%	5.4%	5.7%	6.1%	5.8%
Expenses Depreciation and Amortization	1.3%	1.3%	1.4%	1.5%	1.5%
Expenses Share Based Compensation	0.4%	0.4%	0.4%	0.4%	0.3%
Expenses Operating Expenses	89.8%	89.9%	90.0%	89.3%	89.2%
Other Income Expense Operating Income	10.2%	10.1%	10.0%	10.7%	10.8%
Other Income Expense Interest Expense	0.0%	0.0%	0.9%	1.0%	1.1%
Other Income Expense Other Income/expense	0.1%	0.1%	0.2%	0.5%	0.3%
Other Income Expense Income Before Tax	9.7%	9.5%	9.4%	10.2%	10.1%
Income Tax Income Tax Expense	1.7%	1.6%	1.6%	1.6%	1.6%
net Income net Income	8.0%	7.9%	7.8%	8.6%	8.5%
net Income Comprehensive Income	10.0%	7.2%	10.2%	8.0%	12.7%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.6%	0.6%	0.7%	0.7%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.6%	0.7%	0.7%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $5.1B

Investing cash flow $-1.3B

Financing cash flow $-3.2B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	8.0%	7.9%	7.8%	8.6%	8.5%
Operating Activities Depreciation and Amortization	1.3%	1.3%	1.4%	1.5%	1.5%
Operating Activities Stock Based Compensation	0.4%	0.4%	0.4%	0.4%	0.3%
Operating Activities Deferred Income Taxes	0.5%	-0.2%	-0.4%	-0.5%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-3.2%	3.7%	10.2%	8.2%	0.0%
Operating Activities net Cash From Operating Activities	9.7%	8.6%	11.1%	11.6%	11.1%
Investing Activities Capital Expenditures	2.2%	1.9%	2.1%	2.8%	2.3%
Investing Activities Other Investing Activities	0.2%	0.1%	0.1%	1.0%	-0.0%
Investing Activities net Cash From Investing Activities	-2.4%	-2.0%	-2.2%	-3.8%	-2.3%
Financing Activities Repayment of Debt	2.9%	1.0%	3.0%	2.5%	—
Financing Activities Repurchase of Common Stock	1.2%	3.1%	1.0%	3.1%	4.8%
Financing Activities Dividends Paid	3.0%	3.2%	3.4%	3.5%	3.4%
Financing Activities Other Financing Activities	-0.4%	0.3%	0.0%	0.3%	0.1%
Financing Activities net Cash From Financing Activities	-6.1%	-7.1%	-7.3%	-8.8%	-11.9%
Cash Reconciliation Effect of Exchange Rate On Cash	4.4%	3.6%	4.5%	3.2%	4.2%
Cash Reconciliation net Change In Cash	1.2%	-0.5%	1.6%	-0.9%	-3.2%
Cash Reconciliation Cash At Beginning of Period	4.4%	3.6%	4.5%	3.2%	4.2%
Cash Reconciliation Cash At End of Period	4.4%	3.6%	4.5%	3.2%	4.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+10.2%	+10.1%	+10.0%	+10.7%	+10.8%
Operating margin	+10.2%	+10.1%	+10.0%	+10.7%	+10.8%
Net margin	+8.0%	+7.9%	+7.8%	+8.6%	+8.5%
FCF margin	+7.5%	+6.7%	+9.0%	+8.8%	+8.8%
Growth
Revenue CAGR (3y)	+10.1%	+7.4%	+3.7%	+0.0%	+2.1%
Returns
ROE	+16.4%	+17.1%	+15.6%	+18.3%	+18.5%
ROA	+7.4%	+6.8%	+6.0%	+6.6%	+6.5%
ROIC	+14.1%	+13.7%	+12.3%	+12.7%	+12.7%
Liquidity
Current ratio	1.44x	1.37x	1.44x	1.37x	1.43x
Quick ratio	0.28x	0.26x	0.30x	0.28x	0.33x
Leverage
D/E	0.66x	0.81x	0.77x	0.83x	0.79x
Interest coverage	223.17x	228.38x	10.64x	10.77x	9.66x
Efficiency
Asset turnover	0.92x	0.85x	0.77x	0.76x	0.77x
Cash conversion cycle	+67d	+77d	+79d	+58d	+52d

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General Dynamics

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