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Side-by-side financial comparison of Duke Energy (DUK) and General Dynamics (GD). Click either name above to swap in a different company.
General Dynamics is the larger business by last-quarter revenue ($14.4B vs $7.8B, roughly 1.8× Duke Energy). Duke Energy runs the higher net margin — 15.2% vs 7.9%, a 7.3% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (7.8% vs 7.4%). General Dynamics produced more free cash flow last quarter ($952.0M vs $-485.0M). Over the past eight quarters, General Dynamics's revenue compounded faster (15.8% CAGR vs 1.6%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
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.
DUK vs GD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $14.4B |
| Net Profit | $1.2B | $1.1B |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 10.1% |
| Net Margin | 15.2% | 7.9% |
| Revenue YoY | 7.4% | 7.8% |
| Net Profit YoY | -1.7% | -0.4% |
| EPS (diluted) | $1.49 | — |
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.
| Q4 25 | $7.8B | $14.4B | ||
| Q3 25 | $8.4B | $12.9B | ||
| Q2 25 | $7.4B | $13.0B | ||
| Q1 25 | $8.2B | $12.2B | ||
| Q4 24 | $7.2B | $13.3B | ||
| Q3 24 | $8.1B | $11.7B | ||
| Q2 24 | $7.2B | $12.0B | ||
| Q1 24 | $7.5B | $10.7B |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $984.0M | $1.0B | ||
| Q1 25 | $1.4B | $994.0M | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.3B | $930.0M | ||
| Q2 24 | $900.0M | $905.0M | ||
| Q1 24 | $1.1B | $799.0M |
| Q4 25 | 27.3% | 10.1% | ||
| Q3 25 | 27.9% | 10.3% | ||
| Q2 25 | 24.8% | 10.0% | ||
| Q1 25 | 28.5% | 10.4% | ||
| Q4 24 | 29.2% | 10.7% | ||
| Q3 24 | 26.4% | 10.1% | ||
| Q2 24 | 23.9% | 9.7% | ||
| Q1 24 | 26.1% | 9.7% |
| Q4 25 | 15.2% | 7.9% | ||
| Q3 25 | 17.0% | 8.2% | ||
| Q2 25 | 13.3% | 7.8% | ||
| Q1 25 | 16.8% | 8.1% | ||
| Q4 24 | 16.6% | 8.6% | ||
| Q3 24 | 15.8% | 8.0% | ||
| Q2 24 | 12.6% | 7.6% | ||
| Q1 24 | 15.1% | 7.4% |
| Q4 25 | $1.49 | — | ||
| Q3 25 | $1.81 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $1.76 | — | ||
| Q4 24 | $1.54 | — | ||
| Q3 24 | $1.60 | — | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $1.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $245.0M | $2.3B |
| Total DebtLower is stronger | $80.1B | $8.1B |
| Stockholders' EquityBook value | $51.8B | $25.6B |
| Total Assets | $195.7B | $57.2B |
| Debt / EquityLower = less leverage | 1.55× | 0.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $2.3B | ||
| Q3 25 | $688.0M | $2.5B | ||
| Q2 25 | $344.0M | $1.5B | ||
| Q1 25 | $475.0M | $1.2B | ||
| Q4 24 | $314.0M | $1.7B | ||
| Q3 24 | $376.0M | $2.1B | ||
| Q2 24 | $390.0M | $1.4B | ||
| Q1 24 | $459.0M | $1.0B |
| Q4 25 | $80.1B | $8.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $51.8B | $25.6B | ||
| Q3 25 | $51.5B | $24.4B | ||
| Q2 25 | $50.9B | $23.6B | ||
| Q1 25 | $50.7B | $22.2B | ||
| Q4 24 | $50.1B | $22.1B | ||
| Q3 24 | $49.1B | $23.0B | ||
| Q2 24 | $49.7B | $22.0B | ||
| Q1 24 | $49.6B | $21.4B |
| Q4 25 | $195.7B | $57.2B | ||
| Q3 25 | $192.3B | $57.6B | ||
| Q2 25 | $189.7B | $56.9B | ||
| Q1 25 | $187.5B | $56.6B | ||
| Q4 24 | $186.3B | $55.9B | ||
| Q3 24 | $183.6B | $57.3B | ||
| Q2 24 | $181.6B | $55.4B | ||
| Q1 24 | $178.7B | $55.2B |
| Q4 25 | 1.55× | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.7B | $1.6B |
| Free Cash FlowOCF − Capex | $-485.0M | $952.0M |
| FCF MarginFCF / Revenue | -6.2% | 6.6% |
| Capex IntensityCapex / Revenue | 53.3% | 4.2% |
| Cash ConversionOCF / Net Profit | 3.09× | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $4.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $2.9B | $1.6B | ||
| Q1 25 | $2.2B | $-148.0M | ||
| Q4 24 | $3.4B | $2.2B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.0B | $814.0M | ||
| Q1 24 | $2.5B | $-278.0M |
| Q4 25 | $-485.0M | $952.0M | ||
| Q3 25 | $179.0M | $1.9B | ||
| Q2 25 | $-417.0M | $1.4B | ||
| Q1 25 | $-971.0M | $-290.0M | ||
| Q4 24 | $288.0M | $1.8B | ||
| Q3 24 | $537.0M | $1.2B | ||
| Q2 24 | $-43.0M | $613.0M | ||
| Q1 24 | $-734.0M | $-437.0M |
| Q4 25 | -6.2% | 6.6% | ||
| Q3 25 | 2.1% | 14.7% | ||
| Q2 25 | -5.7% | 10.7% | ||
| Q1 25 | -11.8% | -2.4% | ||
| Q4 24 | 4.0% | 13.5% | ||
| Q3 24 | 6.6% | 10.4% | ||
| Q2 24 | -0.6% | 5.1% | ||
| Q1 24 | -9.7% | -4.1% |
| Q4 25 | 53.3% | 4.2% | ||
| Q3 25 | 41.2% | 1.6% | ||
| Q2 25 | 44.5% | 1.5% | ||
| Q1 25 | 38.3% | 1.2% | ||
| Q4 24 | 42.7% | 2.7% | ||
| Q3 24 | 36.8% | 1.7% | ||
| Q2 24 | 41.9% | 1.7% | ||
| Q1 24 | 42.6% | 1.5% |
| Q4 25 | 3.09× | 1.37× | ||
| Q3 25 | 2.56× | 1.99× | ||
| Q2 25 | 2.91× | 1.58× | ||
| Q1 25 | 1.58× | -0.15× | ||
| Q4 24 | 2.80× | 1.88× | ||
| Q3 24 | 2.75× | 1.52× | ||
| Q2 24 | 3.28× | 0.90× | ||
| Q1 24 | 2.17× | -0.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
GD
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
