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Side-by-side financial comparison of BANK OF NOVA SCOTIA (BNS) and General Dynamics (GD). Click either name above to swap in a different company.

General Dynamics is the larger business by last-quarter revenue ($13.5B vs $7.0B, roughly 1.9× BANK OF NOVA SCOTIA). BANK OF NOVA SCOTIA runs the higher net margin — 23.8% vs 8.3%, a 15.5% gap on every dollar of revenue.

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by assets and deposits. In 2023, the company's seat in Forbes Global 2000 was 88. Scotiabank serves over 25 million customers globally, offering personal and commercial banking, wealth management, corporate and investment services. With 88,000 employees and assets of approxi...

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.

BNS vs GD — Head-to-Head

Bigger by revenue
GD
GD
1.9× larger
GD
$13.5B
$7.0B
BNS
Higher net margin
BNS
BNS
15.5% more per $
BNS
23.8%
8.3%
GD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BNS
BNS
GD
GD
Revenue
$7.0B
$13.5B
Net Profit
$1.7B
$1.1B
Gross Margin
Operating Margin
10.5%
Net Margin
23.8%
8.3%
Revenue YoY
10.3%
Net Profit YoY
13.2%
EPS (diluted)
$4.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BNS
BNS
GD
GD
Q1 26
$7.0B
$13.5B
Q4 25
$7.2B
$14.4B
Q3 25
$6.9B
$12.9B
Q2 25
$6.6B
$13.0B
Q1 25
$12.2B
Q4 24
$13.3B
Q3 24
$11.7B
Q2 24
$12.0B
Net Profit
BNS
BNS
GD
GD
Q1 26
$1.7B
$1.1B
Q4 25
$1.6B
$1.1B
Q3 25
$1.8B
$1.1B
Q2 25
$1.5B
$1.0B
Q1 25
$994.0M
Q4 24
$1.1B
Q3 24
$930.0M
Q2 24
$905.0M
Operating Margin
BNS
BNS
GD
GD
Q1 26
10.5%
Q4 25
10.1%
Q3 25
10.3%
Q2 25
10.0%
Q1 25
10.4%
Q4 24
10.7%
Q3 24
10.1%
Q2 24
9.7%
Net Margin
BNS
BNS
GD
GD
Q1 26
23.8%
8.3%
Q4 25
22.5%
7.9%
Q3 25
26.6%
8.2%
Q2 25
22.4%
7.8%
Q1 25
8.1%
Q4 24
8.6%
Q3 24
8.0%
Q2 24
7.6%
EPS (diluted)
BNS
BNS
GD
GD
Q1 26
$4.10
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNS
BNS
GD
GD
Cash + ST InvestmentsLiquidity on hand
$6.4B
$3.7B
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$65.0B
$26.1B
Total Assets
$1077.5B
$59.0B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNS
BNS
GD
GD
Q1 26
$6.4B
$3.7B
Q4 25
$2.3B
Q3 25
$8.6B
$2.5B
Q2 25
$7.9B
$1.5B
Q1 25
$1.2B
Q4 24
$1.7B
Q3 24
$2.1B
Q2 24
$1.4B
Total Debt
BNS
BNS
GD
GD
Q1 26
$6.3B
Q4 25
$8.1B
Q3 25
Q2 25
Q1 25
Q4 24
$8.8B
Q3 24
Q2 24
Stockholders' Equity
BNS
BNS
GD
GD
Q1 26
$65.0B
$26.1B
Q4 25
$25.6B
Q3 25
$62.4B
$24.4B
Q2 25
$63.1B
$23.6B
Q1 25
$22.2B
Q4 24
$22.1B
Q3 24
$23.0B
Q2 24
$22.0B
Total Assets
BNS
BNS
GD
GD
Q1 26
$1077.5B
$59.0B
Q4 25
$57.2B
Q3 25
$1032.7B
$57.6B
Q2 25
$1033.3B
$56.9B
Q1 25
$56.6B
Q4 24
$55.9B
Q3 24
$57.3B
Q2 24
$55.4B
Debt / Equity
BNS
BNS
GD
GD
Q1 26
0.24×
Q4 25
0.32×
Q3 25
Q2 25
Q1 25
Q4 24
0.40×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNS
BNS
GD
GD
Operating Cash FlowLast quarter
$9.4B
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
14.5%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
5.60×
TTM Free Cash FlowTrailing 4 quarters
$6.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNS
BNS
GD
GD
Q1 26
$9.4B
Q4 25
$1.6B
Q3 25
$3.2B
$2.1B
Q2 25
$1.8B
$1.6B
Q1 25
$-148.0M
Q4 24
$2.2B
Q3 24
$1.4B
Q2 24
$814.0M
Free Cash Flow
BNS
BNS
GD
GD
Q1 26
$2.0B
Q4 25
$952.0M
Q3 25
$1.9B
Q2 25
$1.4B
Q1 25
$-290.0M
Q4 24
$1.8B
Q3 24
$1.2B
Q2 24
$613.0M
FCF Margin
BNS
BNS
GD
GD
Q1 26
14.5%
Q4 25
6.6%
Q3 25
14.7%
Q2 25
10.7%
Q1 25
-2.4%
Q4 24
13.5%
Q3 24
10.4%
Q2 24
5.1%
Capex Intensity
BNS
BNS
GD
GD
Q1 26
1.5%
Q4 25
4.2%
Q3 25
1.6%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
2.7%
Q3 24
1.7%
Q2 24
1.7%
Cash Conversion
BNS
BNS
GD
GD
Q1 26
5.60×
Q4 25
1.37×
Q3 25
1.73×
1.99×
Q2 25
1.22×
1.58×
Q1 25
-0.15×
Q4 24
1.88×
Q3 24
1.52×
Q2 24
0.90×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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