Industrials · Aerospace & Defense
General Dynamics: revenue, profit and cash flow
In fiscal 2025, General Dynamics had revenue of $52.5B, up 5.2% a year on average since 2015, and net income of $4.21B (8.0% of revenue). It has 17% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +10.1% vs 2024
- Ticker
- GD · NYSE
- Sector
- Industrials
- Sub-industry
- Aerospace & Defense
- Headquarters
- Reston, Virginia
- Founded
- 1899
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- General Dynamics Corp · CIK 0000040533
Revenue and net income
Revenue went from $27.2B in 2007 to $52.5B in 2025. Net loss in 2012.
Diluted earnings per share
Diluted EPS went from $5.08 in 2007 to $15.45 in 2025. Ten-year growth: 5.2% a year.
Shares outstanding
16.6% fewer shares in 2025 than in 2015 (327M → 272M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $3.96B in 2025, 7.5% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| 2025 | $52.5B | $4.21B | 8.0% | $15.45 | 272M | $5.12B | $1.16B | $3.96B |
| 2024 | $47.7B | $3.78B | 7.9% | $13.63 | 277M | $4.11B | $916M | $3.2B |
| 2023 | $42.3B | $3.31B | 7.8% | $12.02 | 276M | $4.71B | $904M | $3.81B |
| 2022 | $39.4B | $3.39B | 8.6% | $12.19 | 278M | $4.58B | $1.11B | $3.46B |
| 2021 | $38.5B | $3.26B | 8.5% | $11.55 | 282M | $4.27B | $887M | $3.38B |
| 2020 | $37.9B | $3.17B | 8.4% | $11.00 | 288M | $3.86B | $967M | $2.89B |
| 2019 | $39.4B | $3.48B | 8.9% | $11.98 | 291M | $2.98B | $987M | $1.99B |
| 2018 | $36.2B | $3.35B | 9.2% | $11.18 | 299M | $3.15B | $690M | $2.46B |
| 2017 | $31B | $2.91B | 9.4% | $9.56 | 305M | $3.88B | $428M | $3.45B |
| 2016 | $30.6B | $2.57B | 8.4% | $8.29 | 310M | $2.16B | $392M | $1.77B |
| 2015 | $31.8B | $3.04B | 9.6% | $9.29 | 327M | $2.5B | $569M | $1.93B |
| 2014 | $30.9B | $2.53B | 8.2% | $7.42 | 341M | $3.73B | $521M | $3.21B |
| 2013 | $30.9B | $2.36B | 7.6% | $6.67 | 353M | $3.11B | $436M | $2.67B |
| 2012 | $31B | −$332M | −1.1% | −$0.94 | 353M | $2.61B | $436M | $2.17B |
| 2011 | $32.7B | $2.53B | 7.7% | $6.87 | 368M | $3.24B | $458M | $2.78B |
| 2010 | $32.5B | $2.62B | 8.1% | $6.81 | 385M | $2.99B | $370M | $2.62B |
| 2009 | $32B | $2.39B | 7.5% | $6.17 | 388M | $2.85B | $385M | $2.47B |
| 2008 | $29.3B | $2.46B | 8.4% | $6.17 | 399M | $3.12B | $490M | $2.63B |
| 2007 | $27.2B | $2.07B | 7.6% | $5.08 | — | $2.95B | $474M | $2.48B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- No dividends per share in the filings data. Usually that means no dividend, but some companies report theirs in a form the data do not capture.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Aerospace & Defense companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.