vs
Side-by-side financial comparison of Cisco (CSCO) and General Dynamics (GD). Click either name above to swap in a different company.
Cisco is the larger business by last-quarter revenue ($15.3B vs $13.5B, roughly 1.1× General Dynamics). Cisco runs the higher net margin — 20.7% vs 8.3%, a 12.3% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (10.3% vs 9.7%). General Dynamics produced more free cash flow last quarter ($2.0B vs $1.5B). Over the past eight quarters, Cisco's revenue compounded faster (9.9% CAGR vs 6.1%).
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
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.
CSCO vs GD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.3B | $13.5B |
| Net Profit | $3.2B | $1.1B |
| Gross Margin | 65.0% | — |
| Operating Margin | 24.6% | 10.5% |
| Net Margin | 20.7% | 8.3% |
| Revenue YoY | 9.7% | 10.3% |
| Net Profit YoY | 30.8% | 13.2% |
| EPS (diluted) | $0.80 | $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.
| Q1 26 | $15.3B | $13.5B | ||
| Q4 25 | $14.9B | $14.4B | ||
| Q3 25 | $14.7B | $12.9B | ||
| Q2 25 | $14.1B | $13.0B | ||
| Q1 25 | $14.0B | $12.2B | ||
| Q4 24 | $13.8B | $13.3B | ||
| Q3 24 | $13.6B | $11.7B | ||
| Q2 24 | $12.7B | $12.0B |
| Q1 26 | $3.2B | $1.1B | ||
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.5B | $1.0B | ||
| Q1 25 | $2.4B | $994.0M | ||
| Q4 24 | $2.7B | $1.1B | ||
| Q3 24 | $2.2B | $930.0M | ||
| Q2 24 | $1.9B | $905.0M |
| Q1 26 | 65.0% | — | ||
| Q4 25 | 65.5% | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.9% | — | ||
| Q3 24 | 64.4% | — | ||
| Q2 24 | 65.1% | — |
| Q1 26 | 24.6% | 10.5% | ||
| Q4 25 | 22.6% | 10.1% | ||
| Q3 25 | 21.0% | 10.3% | ||
| Q2 25 | 22.6% | 10.0% | ||
| Q1 25 | 22.3% | 10.4% | ||
| Q4 24 | 17.0% | 10.7% | ||
| Q3 24 | 19.2% | 10.1% | ||
| Q2 24 | 17.2% | 9.7% |
| Q1 26 | 20.7% | 8.3% | ||
| Q4 25 | 19.2% | 7.9% | ||
| Q3 25 | 17.4% | 8.2% | ||
| Q2 25 | 17.6% | 7.8% | ||
| Q1 25 | 17.4% | 8.1% | ||
| Q4 24 | 19.6% | 8.6% | ||
| Q3 24 | 15.8% | 8.0% | ||
| Q2 24 | 14.8% | 7.6% |
| Q1 26 | $0.80 | $4.10 | ||
| Q4 25 | $0.72 | — | ||
| Q3 25 | $0.64 | — | ||
| Q2 25 | $0.62 | — | ||
| Q1 25 | $0.61 | — | ||
| Q4 24 | $0.68 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $0.46 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.8B | $3.7B |
| Total DebtLower is stronger | $24.6B | $6.3B |
| Stockholders' EquityBook value | $47.7B | $26.1B |
| Total Assets | $123.4B | $59.0B |
| Debt / EquityLower = less leverage | 0.52× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.8B | $3.7B | ||
| Q4 25 | $15.7B | $2.3B | ||
| Q3 25 | $16.1B | $2.5B | ||
| Q2 25 | $15.6B | $1.5B | ||
| Q1 25 | $16.9B | $1.2B | ||
| Q4 24 | $18.7B | $1.7B | ||
| Q3 24 | $17.9B | $2.1B | ||
| Q2 24 | $18.8B | $1.4B |
| Q1 26 | $24.6B | $6.3B | ||
| Q4 25 | $24.6B | $8.1B | ||
| Q3 25 | $24.6B | — | ||
| Q2 25 | $25.1B | — | ||
| Q1 25 | $20.1B | — | ||
| Q4 24 | $20.1B | $8.8B | ||
| Q3 24 | $20.1B | — | ||
| Q2 24 | $20.1B | — |
| Q1 26 | $47.7B | $26.1B | ||
| Q4 25 | $46.9B | $25.6B | ||
| Q3 25 | $46.8B | $24.4B | ||
| Q2 25 | $45.9B | $23.6B | ||
| Q1 25 | $45.5B | $22.2B | ||
| Q4 24 | $45.3B | $22.1B | ||
| Q3 24 | $45.5B | $23.0B | ||
| Q2 24 | $45.8B | $22.0B |
| Q1 26 | $123.4B | $59.0B | ||
| Q4 25 | $121.1B | $57.2B | ||
| Q3 25 | $122.3B | $57.6B | ||
| Q2 25 | $119.8B | $56.9B | ||
| Q1 25 | $121.4B | $56.6B | ||
| Q4 24 | $123.3B | $55.9B | ||
| Q3 24 | $124.4B | $57.3B | ||
| Q2 24 | $123.0B | $55.4B |
| Q1 26 | 0.52× | 0.24× | ||
| Q4 25 | 0.53× | 0.32× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | 0.40× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.44× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.8B | — |
| Free Cash FlowOCF − Capex | $1.5B | $2.0B |
| FCF MarginFCF / Revenue | 10.0% | 14.5% |
| Capex IntensityCapex / Revenue | 1.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.2B | $6.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $4.2B | $2.1B | ||
| Q2 25 | $4.1B | $1.6B | ||
| Q1 25 | $2.2B | $-148.0M | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $4.0B | $814.0M |
| Q1 26 | $1.5B | $2.0B | ||
| Q4 25 | $2.9B | $952.0M | ||
| Q3 25 | $4.0B | $1.9B | ||
| Q2 25 | $3.8B | $1.4B | ||
| Q1 25 | $2.0B | $-290.0M | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $3.5B | $1.2B | ||
| Q2 24 | $3.8B | $613.0M |
| Q1 26 | 10.0% | 14.5% | ||
| Q4 25 | 19.4% | 6.6% | ||
| Q3 25 | 27.4% | 14.7% | ||
| Q2 25 | 26.8% | 10.7% | ||
| Q1 25 | 14.5% | -2.4% | ||
| Q4 24 | 24.9% | 13.5% | ||
| Q3 24 | 25.9% | 10.4% | ||
| Q2 24 | 29.9% | 5.1% |
| Q1 26 | 1.8% | 1.5% | ||
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 1.3% | 1.7% |
| Q1 26 | 0.57× | — | ||
| Q4 25 | 1.12× | 1.37× | ||
| Q3 25 | 1.66× | 1.99× | ||
| Q2 25 | 1.63× | 1.58× | ||
| Q1 25 | 0.92× | -0.15× | ||
| Q4 24 | 1.35× | 1.88× | ||
| Q3 24 | 1.73× | 1.52× | ||
| Q2 24 | 2.11× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
GD
Segment breakdown not available.
