General DynamicsGDEarnings & Financial Report
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S.
Revenue
$11.7B
Gross Profit
N/A
Operating Profit
$1.2B
Net Profit
$930.0M
Gross Margin
N/A
Operating Margin
10.1%
Net Margin
8.0%
YoY Growth
15.0%
General Dynamics Q3 FY2024 Financial Summary
General Dynamics reported revenue of $11.7B (up 15.0% YoY) for Q3 FY2024, with a net profit of $930.0M (up 25.0% YoY) (8.0% margin).
Key Financial Metrics
| Total Revenue | $11.7B |
|---|---|
| Net Profit | $930.0M |
| Gross Margin | N/A |
| Operating Margin | 10.1% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
General Dynamics Q3 FY2024 revenue of $11.7B breaks down across 12 segments, led by Nuclear Powered Submarines at $2.6B (22.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Nuclear Powered Submarines | $2.6B | 22.5% |
| Other | $2.5B | 21.3% |
| Cost Reimbursement | $1.9B | 16.6% |
| Militaryvehicles | $1.3B | 11.1% |
| C5ISR Solutions | $1.2B | 9.9% |
| Aircraft Services | $796.0M | 6.8% |
| Weapons Systemsand Munitions | $658.0M | 5.6% |
| Repairand Other Services | $311.0M | 2.7% |
| Engineeringand Other Services | $259.0M | 2.2% |
| U.S.Government Departmentof Defense | $83.0M | 0.7% |
| Contracts Accounted For Under Percentage Of Completion | $62.0M | 0.5% |
| U.S.Government Non Departmentof Defense | $1.0M | 0.0% |
General Dynamics Revenue by Segment — Quarterly Trend
General Dynamics revenue by segment across the last 4 reported quarters, showing how each business line (such as Nuclear Powered Submarines and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Nuclear Powered Submarines | — | — | $3.2B | $3.3B |
| Other | — | — | — | $1.8B |
| Cost Reimbursement | — | $2.5B | — | $1.9B |
| Militaryvehicles | — | $1.2B | $1.2B | $1.3B |
| C5ISR Solutions | — | $1.1B | $1.1B | $1.2B |
General Dynamics Annual Revenue by Year
General Dynamics annual revenue history includes year-by-year totals (for example, 2025 revenue was $52.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $52.5B |
| 2024 | $47.7B |
General Dynamics Quarterly Revenue & Net Profit History
General Dynamics results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $13.5B | +10.3% | $1.1B | 8.3% |
| Q4 FY2025 | $14.4B | +7.8% | $1.1B | 7.9% |
| Q3 FY2025 | $12.9B | +10.6% | $1.1B | 8.2% |
| Q2 FY2025 | $13.0B | +8.9% | $1.0B | 7.8% |
| Q1 FY2025 | $12.2B | +13.9% | $994.0M | 8.1% |
| Q4 FY2024 | $13.3B | +26.2% | $1.1B | 8.6% |
| Q3 FY2024 | $11.7B | +15.0% | $930.0M | 8.0% |
| Q2 FY2024 | $12.0B | +21.2% | $905.0M | 7.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.98B | $11.67B | $13.34B | $12.22B | $13.04B | $12.91B | $14.38B | $13.48B |
| YoY Growth | 21.2% | 15.0% | 26.2% | 13.9% | 8.9% | 10.6% | 7.8% | 10.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $55.44B | $57.31B | $55.88B | $56.58B | $56.89B | $57.60B | $57.25B | $59.03B |
| Liabilities | $33.41B | $34.34B | $33.82B | $34.35B | $33.31B | $33.16B | $31.63B | $32.95B |
| Equity | $22.04B | $22.97B | $22.06B | $22.23B | $23.58B | $24.43B | $25.62B | $26.08B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $814.0M | $1.42B | $2.16B | $-148.0M | $1.60B | $2.11B | $1.56B |