General Dynamics Corporation (GD) Financial Statements
General Dynamics financial statements at a glance
General Dynamics reported revenue of $52.55 billion for fiscal year 2025 (ended December 31, 2025), up 10.1% from fiscal year 2024. Net income was $4.21 billion, a net margin of 8.0%.
At the end of fiscal year 2025 it had total assets of $57.25 billion, total liabilities of $31.63 billion and shareholders' equity of $25.62 billion, with total debt of $8.41 billion.
Its operations brought in $5.11 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
General Dynamics Corporation
Income Statement
Annual • USD
General Dynamics key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $52.6B | $47.7B | $42.3B | $39.4B | $38.5B |
| Gross profit | $8.0B | $7.4B | $6.7B | $6.6B | $6.4B |
| Operating income | $5.4B | $4.8B | $4.2B | $4.2B | $4.2B |
| Net income | $4.2B | $3.8B | $3.3B | $3.4B | $3.3B |
| Diluted EPS | – | – | – | – | $11.55 |
| Total assets | $57.2B | $55.9B | $54.8B | $51.6B | $50.1B |
| Total liabilities | $31.6B | $33.8B | $33.5B | $33.0B | $32.4B |
| Shareholders' equity | $25.6B | $22.1B | $21.3B | $18.6B | $17.6B |
| Cash | – | – | – | – | $1.6B |
| Total debt | $8.4B | $9.3B | $9.7B | $10.8B | $13.2B |
| Operating cash flow | $5.1B | $4.1B | $4.7B | $4.6B | $4.3B |
| Capital spending | – | – | – | – | $887.0M |
| Free cash flow | – | – | – | – | $3.4B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was General Dynamics's revenue in fiscal year 2025?
$52.55 billion, up 10.1% from $47.72 billion in fiscal year 2024.
How much profit does General Dynamics make?
General Dynamics reported net income of $4.21 billion for fiscal year 2025 (8.0% of revenue); operating income was $5.36 billion.
How much cash and debt does General Dynamics have?
At the end of fiscal year 2025: total debt of $8.41 billion.
