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Side-by-side financial comparison of General Dynamics (GD) and JBS N.V. (JBS). Click either name above to swap in a different company.

JBS N.V. is the larger business by last-quarter revenue ($22.6B vs $13.5B, roughly 1.7× General Dynamics). General Dynamics runs the higher net margin — 8.3% vs 2.9%, a 5.5% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 10.3%). General Dynamics produced more free cash flow last quarter ($2.0B vs $-264.6M).

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.

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

GD vs JBS — Head-to-Head

Bigger by revenue
JBS
JBS
1.7× larger
JBS
$22.6B
$13.5B
GD
Growing faster (revenue YoY)
JBS
JBS
+3.1% gap
JBS
13.4%
10.3%
GD
Higher net margin
GD
GD
5.5% more per $
GD
8.3%
2.9%
JBS
More free cash flow
GD
GD
$2.2B more FCF
GD
$2.0B
$-264.6M
JBS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
GD
GD
JBS
JBS
Revenue
$13.5B
$22.6B
Net Profit
$1.1B
$644.1M
Gross Margin
13.2%
Operating Margin
10.5%
5.4%
Net Margin
8.3%
2.9%
Revenue YoY
10.3%
13.4%
Net Profit YoY
13.2%
-14.9%
EPS (diluted)
$4.10
$0.52

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
GD
GD
JBS
JBS
Q1 26
$13.5B
Q4 25
$14.4B
Q3 25
$12.9B
$22.6B
Q2 25
$13.0B
Q1 25
$12.2B
Q4 24
$13.3B
Q3 24
$11.7B
$19.9B
Q2 24
$12.0B
Net Profit
GD
GD
JBS
JBS
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$1.1B
$644.1M
Q2 25
$1.0B
Q1 25
$994.0M
Q4 24
$1.1B
Q3 24
$930.0M
$756.6M
Q2 24
$905.0M
Gross Margin
GD
GD
JBS
JBS
Q1 26
Q4 25
Q3 25
13.2%
Q2 25
Q1 25
Q4 24
Q3 24
16.5%
Q2 24
Operating Margin
GD
GD
JBS
JBS
Q1 26
10.5%
Q4 25
10.1%
Q3 25
10.3%
5.4%
Q2 25
10.0%
Q1 25
10.4%
Q4 24
10.7%
Q3 24
10.1%
7.8%
Q2 24
9.7%
Net Margin
GD
GD
JBS
JBS
Q1 26
8.3%
Q4 25
7.9%
Q3 25
8.2%
2.9%
Q2 25
7.8%
Q1 25
8.1%
Q4 24
8.6%
Q3 24
8.0%
3.8%
Q2 24
7.6%
EPS (diluted)
GD
GD
JBS
JBS
Q1 26
$4.10
Q4 25
Q3 25
$0.52
Q2 25
Q1 25
Q4 24
Q3 24
$0.62
Q2 24

Balance Sheet & Financial Strength

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

Metric
GD
GD
JBS
JBS
Cash + ST InvestmentsLiquidity on hand
$3.7B
$485.5B
Total DebtLower is stronger
$6.3B
$213.0M
Stockholders' EquityBook value
$26.1B
$9.5B
Total Assets
$59.0B
$44.2B
Debt / EquityLower = less leverage
0.24×
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GD
GD
JBS
JBS
Q1 26
$3.7B
Q4 25
$2.3B
Q3 25
$2.5B
$485.5B
Q2 25
$1.5B
Q1 25
$1.2B
Q4 24
$1.7B
Q3 24
$2.1B
$5.1B
Q2 24
$1.4B
Total Debt
GD
GD
JBS
JBS
Q1 26
$6.3B
Q4 25
$8.1B
Q3 25
$213.0M
Q2 25
Q1 25
Q4 24
$8.8B
Q3 24
Q2 24
Stockholders' Equity
GD
GD
JBS
JBS
Q1 26
$26.1B
Q4 25
$25.6B
Q3 25
$24.4B
$9.5B
Q2 25
$23.6B
Q1 25
$22.2B
Q4 24
$22.1B
Q3 24
$23.0B
$9.5B
Q2 24
$22.0B
Total Assets
GD
GD
JBS
JBS
Q1 26
$59.0B
Q4 25
$57.2B
Q3 25
$57.6B
$44.2B
Q2 25
$56.9B
Q1 25
$56.6B
Q4 24
$55.9B
Q3 24
$57.3B
Q2 24
$55.4B
Debt / Equity
GD
GD
JBS
JBS
Q1 26
0.24×
Q4 25
0.32×
Q3 25
0.02×
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
GD
GD
JBS
JBS
Operating Cash FlowLast quarter
$996.4M
Free Cash FlowOCF − Capex
$2.0B
$-264.6M
FCF MarginFCF / Revenue
14.5%
-1.2%
Capex IntensityCapex / Revenue
1.5%
5.6%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$6.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GD
GD
JBS
JBS
Q1 26
Q4 25
$1.6B
Q3 25
$2.1B
$996.4M
Q2 25
$1.6B
Q1 25
$-148.0M
Q4 24
$2.2B
Q3 24
$1.4B
Q2 24
$814.0M
Free Cash Flow
GD
GD
JBS
JBS
Q1 26
$2.0B
Q4 25
$952.0M
Q3 25
$1.9B
$-264.6M
Q2 25
$1.4B
Q1 25
$-290.0M
Q4 24
$1.8B
Q3 24
$1.2B
Q2 24
$613.0M
FCF Margin
GD
GD
JBS
JBS
Q1 26
14.5%
Q4 25
6.6%
Q3 25
14.7%
-1.2%
Q2 25
10.7%
Q1 25
-2.4%
Q4 24
13.5%
Q3 24
10.4%
Q2 24
5.1%
Capex Intensity
GD
GD
JBS
JBS
Q1 26
1.5%
Q4 25
4.2%
Q3 25
1.6%
5.6%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
2.7%
Q3 24
1.7%
Q2 24
1.7%
Cash Conversion
GD
GD
JBS
JBS
Q1 26
Q4 25
1.37×
Q3 25
1.99×
1.55×
Q2 25
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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