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

Lilly (Eli) is the larger business by last-quarter revenue ($19.3B vs $13.5B, roughly 1.4× General Dynamics). Lilly (Eli) runs the higher net margin — 34.4% vs 8.3%, a 26.1% gap on every dollar of revenue. On growth, Lilly (Eli) posted the faster year-over-year revenue change (42.6% vs 10.3%). Over the past eight quarters, Lilly (Eli)'s revenue compounded faster (48.3% CAGR vs 6.1%).

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.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

GD vs LLY — Head-to-Head

Bigger by revenue
LLY
LLY
1.4× larger
LLY
$19.3B
$13.5B
GD
Growing faster (revenue YoY)
LLY
LLY
+32.3% gap
LLY
42.6%
10.3%
GD
Higher net margin
LLY
LLY
26.1% more per $
LLY
34.4%
8.3%
GD
Faster 2-yr revenue CAGR
LLY
LLY
Annualised
LLY
48.3%
6.1%
GD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GD
GD
LLY
LLY
Revenue
$13.5B
$19.3B
Net Profit
$1.1B
$6.6B
Gross Margin
82.5%
Operating Margin
10.5%
42.8%
Net Margin
8.3%
34.4%
Revenue YoY
10.3%
42.6%
Net Profit YoY
13.2%
50.5%
EPS (diluted)
$4.10
$7.39

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
LLY
LLY
Q1 26
$13.5B
Q4 25
$14.4B
$19.3B
Q3 25
$12.9B
$17.6B
Q2 25
$13.0B
$15.6B
Q1 25
$12.2B
$12.7B
Q4 24
$13.3B
$13.5B
Q3 24
$11.7B
$11.4B
Q2 24
$12.0B
$11.3B
Net Profit
GD
GD
LLY
LLY
Q1 26
$1.1B
Q4 25
$1.1B
$6.6B
Q3 25
$1.1B
$5.6B
Q2 25
$1.0B
$5.7B
Q1 25
$994.0M
$2.8B
Q4 24
$1.1B
$4.4B
Q3 24
$930.0M
$970.3M
Q2 24
$905.0M
$3.0B
Gross Margin
GD
GD
LLY
LLY
Q1 26
Q4 25
82.5%
Q3 25
82.9%
Q2 25
84.3%
Q1 25
82.5%
Q4 24
82.2%
Q3 24
81.0%
Q2 24
80.8%
Operating Margin
GD
GD
LLY
LLY
Q1 26
10.5%
Q4 25
10.1%
42.8%
Q3 25
10.3%
41.1%
Q2 25
10.0%
43.6%
Q1 25
10.4%
27.2%
Q4 24
10.7%
37.2%
Q3 24
10.1%
13.9%
Q2 24
9.7%
31.1%
Net Margin
GD
GD
LLY
LLY
Q1 26
8.3%
Q4 25
7.9%
34.4%
Q3 25
8.2%
31.7%
Q2 25
7.8%
36.4%
Q1 25
8.1%
21.7%
Q4 24
8.6%
32.6%
Q3 24
8.0%
8.5%
Q2 24
7.6%
26.3%
EPS (diluted)
GD
GD
LLY
LLY
Q1 26
$4.10
Q4 25
$7.39
Q3 25
$6.21
Q2 25
$6.29
Q1 25
$3.06
Q4 24
$4.88
Q3 24
$1.07
Q2 24
$3.28

Balance Sheet & Financial Strength

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

Metric
GD
GD
LLY
LLY
Cash + ST InvestmentsLiquidity on hand
$3.7B
$7.3B
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$26.1B
$26.5B
Total Assets
$59.0B
$112.5B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GD
GD
LLY
LLY
Q1 26
$3.7B
Q4 25
$2.3B
$7.3B
Q3 25
$2.5B
$9.9B
Q2 25
$1.5B
$3.5B
Q1 25
$1.2B
$3.2B
Q4 24
$1.7B
$3.4B
Q3 24
$2.1B
$3.5B
Q2 24
$1.4B
$3.4B
Total Debt
GD
GD
LLY
LLY
Q1 26
$6.3B
Q4 25
$8.1B
Q3 25
Q2 25
Q1 25
Q4 24
$8.8B
$29.5B
Q3 24
Q2 24
Stockholders' Equity
GD
GD
LLY
LLY
Q1 26
$26.1B
Q4 25
$25.6B
$26.5B
Q3 25
$24.4B
$23.8B
Q2 25
$23.6B
$18.3B
Q1 25
$22.2B
$15.8B
Q4 24
$22.1B
$14.2B
Q3 24
$23.0B
$14.2B
Q2 24
$22.0B
$13.6B
Total Assets
GD
GD
LLY
LLY
Q1 26
$59.0B
Q4 25
$57.2B
$112.5B
Q3 25
$57.6B
$114.9B
Q2 25
$56.9B
$100.9B
Q1 25
$56.6B
$89.4B
Q4 24
$55.9B
$78.7B
Q3 24
$57.3B
$75.6B
Q2 24
$55.4B
$71.9B
Debt / Equity
GD
GD
LLY
LLY
Q1 26
0.24×
Q4 25
0.32×
Q3 25
Q2 25
Q1 25
Q4 24
0.40×
2.08×
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
LLY
LLY
Operating Cash FlowLast quarter
$3.2B
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
14.5%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.49×
TTM Free Cash FlowTrailing 4 quarters
$6.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GD
GD
LLY
LLY
Q1 26
Q4 25
$1.6B
$3.2B
Q3 25
$2.1B
$8.8B
Q2 25
$1.6B
$3.1B
Q1 25
$-148.0M
$1.7B
Q4 24
$2.2B
$2.5B
Q3 24
$1.4B
$3.7B
Q2 24
$814.0M
$1.5B
Free Cash Flow
GD
GD
LLY
LLY
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
GD
GD
LLY
LLY
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
GD
GD
LLY
LLY
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
GD
GD
LLY
LLY
Q1 26
Q4 25
1.37×
0.49×
Q3 25
1.99×
1.58×
Q2 25
1.58×
0.55×
Q1 25
-0.15×
0.60×
Q4 24
1.88×
0.56×
Q3 24
1.52×
3.83×
Q2 24
0.90×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GD
GD

Segment breakdown not available.

LLY
LLY

Other$5.4B28%
Zepbound$4.2B22%
Mounjaro$4.1B21%
Verzenio$997.1M5%
Collaborationand Other Revenue$991.7M5%
Taltz$724.3M4%
Trulicity$692.8M4%
Other Cardiometabolic Health$524.5M3%
Other Oncology$514.8M3%
Jardiance$465.8M2%
Neuroscience$320.2M2%
Other Immunology$187.3M1%
Other Product Total$77.0M0%

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