GD · General Dynamics Corp
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $53.81B | $52.55B | $47.72B | $42.27B | $39.41B | $38.47B | $37.93B | $39.35B | $36.19B | $30.97B | $30.56B | $31.78B | $30.85B | $30.93B | $30.99B | $32.68B | $32.47B | $31.98B | $29.3B | $27.24B | |
| -$294M | -$314M | -$324M | -$343M | -$364M | -$424M | -$477M | -$460M | -$356M | -$103M | -$91M | -$83M | -$86M | -$86M | -$156M | -$141M | -$157M | -$160M | -$66M | -$70M | |
| — | — | — | — | — | — | — | $32.29B | $29.48B | $24.73B | $24.9B | $15.99B | $15.34B | $25.45B | $28.4B | $26.82B | $26.56B | $26.35B | $23.93B | $15.67B | |
| — | — | — | — | — | — | — | $7.06B | $6.72B | $6.24B | $5.67B | $15.8B | $15.52B | $5.48B | $2.59B | $5.86B | $5.91B | $5.63B | $5.37B | $11.57B | |
| — | — | — | — | — | — | — | 17.94% | 18.55% | 20.15% | 18.54% | 49.7% | 50.29% | 17.7% | 8.35% | 17.92% | 18.2% | 17.6% | 18.33% | 42.47% | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $1.61B | $1.54B | $1.2B | $925M | $686M | — | |
| $2.69B | $2.6B | $2.57B | $2.43B | $2.41B | $2.25B | $2.19B | $2.42B | $2.26B | $2.01B | $1.92B | $1.94B | $1.98B | $2.04B | $2.22B | $2.03B | $1.96B | $1.95B | $1.72B | $1.64B | |
| $174M | $174M | $180M | $194M | $202M | $226M | $261M | $277M | $270M | $79M | $88M | $116M | $121M | $143M | $214M | $238M | $224M | $218M | $146M | $145M | |
| $933M | $924M | $886M | $863M | $884M | $890M | $878M | $829M | $763M | $441M | $453M | $481M | $496M | $525M | $590M | $592M | $569M | $562M | $447M | — | |
| $48.3B | $47.19B | $42.92B | $38.03B | $35.2B | $34.31B | $33.79B | $34.78B | $31.8B | $26.74B | $26.82B | $27.49B | $26.96B | $27.24B | $30.23B | $28.85B | $28.52B | $28.31B | $25.65B | $24.13B | |
| $5.51B | $5.36B | $4.8B | $4.25B | $4.21B | $4.16B | $4.13B | $4.57B | $4.39B | $4.24B | $3.74B | $4.3B | $3.89B | $3.69B | $765M | $3.83B | $3.95B | $3.68B | $3.65B | $3.11B | |
| — | 10.19% | 10.05% | 10.04% | 10.69% | 10.82% | 10.9% | 11.61% | 12.14% | 13.68% | 12.25% | 13.51% | 12.61% | 11.93% | 2.47% | 11.71% | 12.15% | 11.49% | 12.47% | 11.43% | |
| $6.44B | $6.28B | $5.68B | $5.11B | $5.1B | $5.05B | $5.01B | $5.4B | $5.16B | $4.68B | $4.2B | $4.78B | $4.39B | $4.21B | $1.36B | $4.42B | $4.51B | $4.24B | $4.1B | — | |
| — | — | — | $399M | $391M | $431M | $489M | $472M | $374M | $117M | $99M | $98M | $103M | $103M | $168M | $155M | $167M | $171M | $133M | — | |
| $58M | $61M | $68M | $82M | $189M | $134M | $82M | $92M | $47M | -$56M | $3M | $7M | -$1M | $8M | -$136M | $33M | $2M | -$2M | $17M | $4M | |
| $5.27B | $5.1B | $4.54B | $3.98B | $4.04B | $3.87B | $3.74B | $4.2B | $4.09B | $4.08B | $3.66B | $4.22B | $3.8B | $3.61B | $473M | $3.72B | $3.79B | $3.51B | $3.6B | $3.05B | |
| $931M | $893M | $758M | $669M | $646M | $616M | $571M | $718M | $727M | $1.17B | $977M | $1.18B | $1.13B | $1.13B | $854M | $1.17B | $1.16B | $1.11B | $1.13B | $967M | |
| $4.34B | $4.21B | $3.78B | $3.32B | $3.39B | $3.26B | $3.17B | $3.48B | $3.35B | $2.91B | $2.57B | $3.04B | $2.53B | $2.36B | -$332M | $2.53B | $2.62B | $2.39B | $2.46B | $2.07B | |
| — | 8.01% | 7.93% | 7.84% | 8.6% | 8.47% | 8.35% | 8.85% | 9.24% | 9.4% | 8.42% | 9.55% | 8.21% | 7.62% | -1.07% | 7.73% | 8.08% | 7.49% | 8.39% | 7.61% | |
| $5.15B | $5.25B | $3.42B | $4.31B | $3.16B | $4.89B | $3.44B | $3.07B | $3.04B | $3.48B | $2.47B | $2.69B | $786M | $3.95B | -$795M | $1.65B | $2.4B | — | — | — | |
| USD/shares | — | $15.65 | $13.81 | $12.14 | $12.31 | $11.61 | $11.04 | $12.09 | $11.33 | $9.73 | $8.44 | $9.45 | $7.56 | $6.72 | -$0.94 | $6.94 | $6.88 | $6.21 | $6.21 | $5.12 |
| USD/shares | — | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 | $11.00 | $11.98 | $11.18 | $9.56 | $8.29 | $9.29 | $7.42 | $6.67 | -$0.94 | $6.87 | $6.81 | $6.17 | $6.17 | $5.08 |
| shares | — | 269.08M | 273.86M | 273.14M | 275.31M | 280.43M | 286.92M | 288.29M | 295.26M | 299.17M | 304.71M | 321.31M | 335.19M | 350.71M | 353.35M | 364.15M | 381.24M | 385.48M | 396.24M | — |
| shares | — | 272.43M | 277.49M | 275.73M | 278.17M | 282.02M | 287.91M | 290.84M | 299.16M | 304.64M | 310.39M | 326.65M | 341.33M | 353.5M | 353.35M | 367.52M | 385.24M | 387.92M | 398.75M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $24.62B in buybacks, $18.64B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 23 similar-size Aerospace & Defense companies (of 86 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Marine Systems | $16,723,000,000 | $14,343,000,000 | $12,461,000,000 | $11,040,000,000 | $10,526,000,000 | $9,979,000,000 | $9,183,000,000 | $8,502,000,000 |
| Technologies | $13,471,000,000 | $13,127,000,000 | $12,922,000,000 | $12,492,000,000 | $12,457,000,000 | $12,648,000,000 | $13,359,000,000 | $12,995,000,000 |
| Aerospace | $13,110,000,000 | $11,249,000,000 | $8,621,000,000 | $8,567,000,000 | $8,135,000,000 | $8,075,000,000 | $9,801,000,000 | $8,455,000,000 |
| Combat Systems | $9,246,000,000 | $8,997,000,000 | $8,268,000,000 | $7,308,000,000 | $7,351,000,000 | $7,223,000,000 | $7,007,000,000 | $6,241,000,000 |
| Information Technology | — | — | — | — | — | — | $8,422,000,000 | $8,269,000,000 |
| International Operations | — | — | — | — | — | — | $4,400,000,000 | $4,200,000,000 |
| Mission Systems | — | — | — | — | — | — | $4,937,000,000 | $4,726,000,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $43,314,000,000 | $39,759,000,000 | $36,160,000,000 | $33,400,000,000 | $31,654,000,000 | $31,194,000,000 | $31,775,000,000 | $28,386,000,000 |
| Non Us | $5,400,000,000 | $5,000,000,000 | $4,300,000,000 | $4,000,000,000 | $4,400,000,000 | $4,300,000,000 | $4,400,000,000 | $4,200,000,000 |
| Europe | $3,540,000,000 | $3,161,000,000 | $2,765,000,000 | $2,238,000,000 | $2,675,000,000 | $2,846,000,000 | $2,836,000,000 | $2,807,000,000 |
| Other Africa Middle East | $2,015,000,000 | $1,680,000,000 | $1,147,000,000 | $1,365,000,000 | $1,703,000,000 | $1,249,000,000 | $1,785,000,000 | $1,611,000,000 |
| Asia Pacific | $2,001,000,000 | $1,546,000,000 | $1,086,000,000 | $1,224,000,000 | $1,269,000,000 | $1,292,000,000 | $1,739,000,000 | $2,287,000,000 |
| Other North America | $1,248,000,000 | $1,278,000,000 | $961,000,000 | $934,000,000 | $934,000,000 | $1,078,000,000 | $898,000,000 | $813,000,000 |
| South America | $432,000,000 | $292,000,000 | $153,000,000 | $246,000,000 | $234,000,000 | $266,000,000 | $317,000,000 | $289,000,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Product | $33,021,000,000 | $28,635,000,000 | $24,595,000,000 | $23,022,000,000 | $22,428,000,000 | $22,188,000,000 | $23,130,000,000 | $20,149,000,000 |
| Service | $19,529,000,000 | $19,081,000,000 | $17,677,000,000 | $16,385,000,000 | $16,041,000,000 | $15,737,000,000 | $16,220,000,000 | $16,044,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Aerospace | $1,746,000,000 | $1,464,000,000 | $1,182,000,000 | $1,130,000,000 | $1,031,000,000 | $1,083,000,000 | $1,532,000,000 | $1,490,000,000 |
| Combat Systems | $1,331,000,000 | $1,276,000,000 | $1,147,000,000 | $1,075,000,000 | $1,067,000,000 | $1,041,000,000 | $996,000,000 | $962,000,000 |
| Technologies | $1,277,000,000 | $1,260,000,000 | $1,202,000,000 | $1,227,000,000 | $1,275,000,000 | $1,211,000,000 | $1,311,000,000 | $1,267,000,000 |
| Marine Systems | $1,177,000,000 | $935,000,000 | $874,000,000 | $897,000,000 | $874,000,000 | $854,000,000 | $785,000,000 | $761,000,000 |
| Information Technology | — | — | — | — | — | — | $628,000,000 | $608,000,000 |
| Mission Systems | — | — | — | — | — | — | $683,000,000 | $659,000,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Marine Systems | 7% | 6.5% | 7% | 8.1% | 8.3% | 8.6% | 8.5% | 9% |
| Technologies | 9.5% | 9.6% | 9.3% | 9.8% | 10.2% | 9.6% | 9.8% | 9.7% |
| Aerospace | 13.3% | 13% | 13.7% | 13.2% | 12.7% | 13.4% | 15.6% | 17.6% |
| Combat Systems | 14.4% | 14.2% | 13.9% | 14.7% | 14.5% | 14.4% | 14.2% | 15.4% |
| Information Technology | — | — | — | — | — | — | 7.5% | 7.4% |
| Mission Systems | — | — | — | — | — | — | 13.8% | 13.9% |