vs
Side-by-side financial comparison of General Dynamics (GD) and Nike, Inc. (NKE). Click either name above to swap in a different company.
General Dynamics is the larger business by last-quarter revenue ($13.5B vs $12.4B, roughly 1.1× Nike, Inc.). General Dynamics runs the higher net margin — 8.3% vs 6.4%, a 2.0% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (10.3% vs 0.6%). General Dynamics produced more free cash flow last quarter ($2.0B vs $386.0M). Over the past eight quarters, General Dynamics's revenue compounded faster (6.1% CAGR vs -0.0%).
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.
Nike often refers to:Nike, Inc., a major American producer of athletic shoes, apparel, and sports equipment Nike (mythology), a Greek goddess who personifies victory
GD vs NKE — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.5B | $12.4B |
| Net Profit | $1.1B | $792.0M |
| Gross Margin | — | 40.6% |
| Operating Margin | 10.5% | — |
| Net Margin | 8.3% | 6.4% |
| Revenue YoY | 10.3% | 0.6% |
| Net Profit YoY | 13.2% | -31.9% |
| EPS (diluted) | $4.10 | $0.53 |
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 | $12.4B | ||
| Q3 25 | $12.9B | $11.7B | ||
| Q2 25 | $13.0B | $11.1B | ||
| Q1 25 | $12.2B | $11.3B | ||
| Q4 24 | $13.3B | $12.4B | ||
| Q3 24 | $11.7B | $11.6B | ||
| Q2 24 | $12.0B | $12.6B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $792.0M | ||
| Q3 25 | $1.1B | $727.0M | ||
| Q2 25 | $1.0B | $211.0M | ||
| Q1 25 | $994.0M | $794.0M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $930.0M | $1.1B | ||
| Q2 24 | $905.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.6% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 40.3% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | — | 43.6% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 10.0% | 2.9% | ||
| Q1 25 | 10.4% | 7.5% | ||
| Q4 24 | 10.7% | 11.5% | ||
| Q3 24 | 10.1% | 11.3% | ||
| Q2 24 | 9.7% | 13.7% |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 6.4% | ||
| Q3 25 | 8.2% | 6.2% | ||
| Q2 25 | 7.8% | 1.9% | ||
| Q1 25 | 8.1% | 7.0% | ||
| Q4 24 | 8.6% | 9.4% | ||
| Q3 24 | 8.0% | 9.1% | ||
| Q2 24 | 7.6% | 11.9% |
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.99 |
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 | $7.0B |
| Total DebtLower is stronger | $6.3B | — |
| Stockholders' EquityBook value | $26.1B | $14.1B |
| Total Assets | $59.0B | $37.8B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $7.0B | ||
| Q3 25 | $2.5B | $7.0B | ||
| Q2 25 | $1.5B | $7.5B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.7B | $8.0B | ||
| Q3 24 | $2.1B | $8.5B | ||
| Q2 24 | $1.4B | $9.9B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $8.9B |
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $14.1B | ||
| Q3 25 | $24.4B | $13.5B | ||
| Q2 25 | $23.6B | $13.2B | ||
| Q1 25 | $22.2B | $14.0B | ||
| Q4 24 | $22.1B | $14.0B | ||
| Q3 24 | $23.0B | $13.9B | ||
| Q2 24 | $22.0B | $14.4B |
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $37.8B | ||
| Q3 25 | $57.6B | $37.3B | ||
| Q2 25 | $56.9B | $36.6B | ||
| Q1 25 | $56.6B | $37.8B | ||
| Q4 24 | $55.9B | $38.0B | ||
| Q3 24 | $57.3B | $37.9B | ||
| Q2 24 | $55.4B | $38.1B |
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.62× |
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 | — | $579.0M |
| Free Cash FlowOCF − Capex | $2.0B | $386.0M |
| FCF MarginFCF / Revenue | 14.5% | 3.1% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 0.73× |
| TTM Free Cash FlowTrailing 4 quarters | $6.2B | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $579.0M | ||
| Q3 25 | $2.1B | $222.0M | ||
| Q2 25 | $1.6B | $463.0M | ||
| Q1 25 | $-148.0M | $1.8B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $1.4B | $394.0M | ||
| Q2 24 | $814.0M | $2.6B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $386.0M | ||
| Q3 25 | $1.9B | $15.0M | ||
| Q2 25 | $1.4B | $363.0M | ||
| Q1 25 | $-290.0M | $1.7B | ||
| Q4 24 | $1.8B | $920.0M | ||
| Q3 24 | $1.2B | $274.0M | ||
| Q2 24 | $613.0M | $2.4B |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 3.1% | ||
| Q3 25 | 14.7% | 0.1% | ||
| Q2 25 | 10.7% | 3.3% | ||
| Q1 25 | -2.4% | 15.2% | ||
| Q4 24 | 13.5% | 7.4% | ||
| Q3 24 | 10.4% | 2.4% | ||
| Q2 24 | 5.1% | 19.1% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 1.6% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.5% | 0.9% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 2.7% | 1.0% | ||
| Q3 24 | 1.7% | 1.0% | ||
| Q2 24 | 1.7% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 0.73× | ||
| Q3 25 | 1.99× | 0.31× | ||
| Q2 25 | 1.58× | 2.19× | ||
| Q1 25 | -0.15× | 2.26× | ||
| Q4 24 | 1.88× | 0.90× | ||
| Q3 24 | 1.52× | 0.37× | ||
| Q2 24 | 0.90× | 1.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GD
Segment breakdown not available.
NKE
| Footwear | $7.7B | 62% |
| Apparel | $3.9B | 31% |
| Sporting Equipment | $550.0M | 4% |
| Converse Segment | $300.0M | 2% |
| Sales Channel Other | $9.0M | 0% |
