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Side-by-side financial comparison of General Dynamics (GD) and HP Inc. (HPQ). Click either name above to swap in a different company.
HP Inc. is the larger business by last-quarter revenue ($14.6B vs $13.5B, roughly 1.1× General Dynamics). General Dynamics runs the higher net margin — 8.3% vs 5.4%, a 2.9% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (10.3% vs 4.2%). General Dynamics produced more free cash flow last quarter ($2.0B vs $1.4B). Over the past eight quarters, General Dynamics's revenue compounded faster (6.1% CAGR vs 5.4%).
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.
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California. Growing to become an influential high-tech powerhouse at the heart of Silicon Valley, the company was known for its progressive business philosophy, deemed the HP Way.
GD vs HPQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.5B | $14.6B |
| Net Profit | $1.1B | $795.0M |
| Gross Margin | — | 20.2% |
| Operating Margin | 10.5% | 6.6% |
| Net Margin | 8.3% | 5.4% |
| Revenue YoY | 10.3% | 4.2% |
| Net Profit YoY | 13.2% | -12.3% |
| EPS (diluted) | $4.10 | $0.84 |
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 | $13.5B | — | ||
| Q4 25 | $14.4B | $14.6B | ||
| Q3 25 | $12.9B | $13.9B | ||
| Q2 25 | $13.0B | $13.2B | ||
| Q1 25 | $12.2B | $13.5B | ||
| Q4 24 | $13.3B | $14.1B | ||
| Q3 24 | $11.7B | $13.5B | ||
| Q2 24 | $12.0B | $12.8B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $795.0M | ||
| Q3 25 | $1.1B | $763.0M | ||
| Q2 25 | $1.0B | $406.0M | ||
| Q1 25 | $994.0M | $565.0M | ||
| Q4 24 | $1.1B | $906.0M | ||
| Q3 24 | $930.0M | $640.0M | ||
| Q2 24 | $905.0M | $607.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 23.6% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 6.6% | ||
| Q3 25 | 10.3% | 5.1% | ||
| Q2 25 | 10.0% | 4.9% | ||
| Q1 25 | 10.4% | 6.3% | ||
| Q4 24 | 10.7% | 7.1% | ||
| Q3 24 | 10.1% | 7.0% | ||
| Q2 24 | 9.7% | 7.4% |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 5.4% | ||
| Q3 25 | 8.2% | 5.5% | ||
| Q2 25 | 7.8% | 3.1% | ||
| Q1 25 | 8.1% | 4.2% | ||
| Q4 24 | 8.6% | 6.4% | ||
| Q3 24 | 8.0% | 4.7% | ||
| Q2 24 | 7.6% | 4.7% |
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $0.84 | ||
| Q3 25 | — | $0.80 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | — | $0.93 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.61 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.7B | $3.7B |
| Total DebtLower is stronger | $6.3B | $9.7B |
| Stockholders' EquityBook value | $26.1B | $-346.0M |
| Total Assets | $59.0B | $41.8B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $3.7B | ||
| Q3 25 | $2.5B | $2.9B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.2B | $2.9B | ||
| Q4 24 | $1.7B | $3.2B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $1.4B | $2.4B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | $9.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | $9.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $-346.0M | ||
| Q3 25 | $24.4B | $-901.0M | ||
| Q2 25 | $23.6B | $-1.3B | ||
| Q1 25 | $22.2B | $-1.1B | ||
| Q4 24 | $22.1B | $-1.3B | ||
| Q3 24 | $23.0B | $-1.4B | ||
| Q2 24 | $22.0B | $-916.0M |
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $41.8B | ||
| Q3 25 | $57.6B | $39.9B | ||
| Q2 25 | $56.9B | $38.8B | ||
| Q1 25 | $56.6B | $38.9B | ||
| Q4 24 | $55.9B | $39.9B | ||
| Q3 24 | $57.3B | $38.1B | ||
| Q2 24 | $55.4B | $37.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.6B |
| Free Cash FlowOCF − Capex | $2.0B | $1.4B |
| FCF MarginFCF / Revenue | 14.5% | 9.7% |
| Capex IntensityCapex / Revenue | 1.5% | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $6.2B | $2.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $1.6B | $38.0M | ||
| Q1 25 | $-148.0M | $374.0M | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $814.0M | $581.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.4B | $-145.0M | ||
| Q1 25 | $-290.0M | $72.0M | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $613.0M | $462.0M |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 9.7% | ||
| Q3 25 | 14.7% | 10.4% | ||
| Q2 25 | 10.7% | -1.1% | ||
| Q1 25 | -2.4% | 0.5% | ||
| Q4 24 | 13.5% | 10.5% | ||
| Q3 24 | 10.4% | 9.3% | ||
| Q2 24 | 5.1% | 3.6% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 1.3% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.7% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 2.04× | ||
| Q3 25 | 1.99× | 2.18× | ||
| Q2 25 | 1.58× | 0.09× | ||
| Q1 25 | -0.15× | 0.66× | ||
| Q4 24 | 1.88× | 1.79× | ||
| Q3 24 | 1.52× | 2.23× | ||
| Q2 24 | 0.90× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GD
Segment breakdown not available.
HPQ
| Commercial PS | $7.0B | 48% |
| Consumer PS | $3.4B | 23% |
| Supplies | $2.8B | 19% |
| Commercial Printing | $1.2B | 8% |
| Consumer Printing | $296.0M | 2% |
| Corporate Investments | $19.0M | 0% |
