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Side-by-side financial comparison of General Dynamics (GD) and PG&E Corporation (PCG). Click either name above to swap in a different company.
General Dynamics is the larger business by last-quarter revenue ($13.5B vs $6.9B, roughly 2.0× PG&E Corporation). PG&E Corporation runs the higher net margin — 12.9% vs 8.3%, a 4.5% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 10.3%). Over the past eight quarters, PG&E Corporation's revenue compounded faster (7.2% 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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
GD vs PCG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.5B | $6.9B |
| Net Profit | $1.1B | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 10.5% | 21.4% |
| Net Margin | 8.3% | 12.9% |
| Revenue YoY | 10.3% | 15.0% |
| Net Profit YoY | 13.2% | 39.6% |
| EPS (diluted) | $4.10 | $0.39 |
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.
| Q1 26 | $13.5B | $6.9B | ||
| Q4 25 | $14.4B | $6.8B | ||
| Q3 25 | $12.9B | $6.3B | ||
| Q2 25 | $13.0B | $5.9B | ||
| Q1 25 | $12.2B | $6.0B | ||
| Q4 24 | $13.3B | $6.6B | ||
| Q3 24 | $11.7B | $5.9B | ||
| Q2 24 | $12.0B | $6.0B |
| Q1 26 | $1.1B | $885.0M | ||
| Q4 25 | $1.1B | $670.0M | ||
| Q3 25 | $1.1B | $850.0M | ||
| Q2 25 | $1.0B | $549.0M | ||
| Q1 25 | $994.0M | $634.0M | ||
| Q4 24 | $1.1B | $674.0M | ||
| Q3 24 | $930.0M | $579.0M | ||
| Q2 24 | $905.0M | $524.0M |
| Q1 26 | 10.5% | 21.4% | ||
| Q4 25 | 10.1% | 18.0% | ||
| Q3 25 | 10.3% | 19.3% | ||
| Q2 25 | 10.0% | 18.6% | ||
| Q1 25 | 10.4% | 20.4% | ||
| Q4 24 | 10.7% | 15.4% | ||
| Q3 24 | 10.1% | 17.3% | ||
| Q2 24 | 9.7% | 18.9% |
| Q1 26 | 8.3% | 12.9% | ||
| Q4 25 | 7.9% | 9.8% | ||
| Q3 25 | 8.2% | 13.6% | ||
| Q2 25 | 7.8% | 9.3% | ||
| Q1 25 | 8.1% | 10.6% | ||
| Q4 24 | 8.6% | 10.2% | ||
| Q3 24 | 8.0% | 9.7% | ||
| Q2 24 | 7.6% | 8.8% |
| Q1 26 | $4.10 | $0.39 | ||
| Q4 25 | — | $0.29 | ||
| Q3 25 | — | $0.37 | ||
| Q2 25 | — | $0.24 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.24 |
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 | — |
| Total DebtLower is stronger | $6.3B | — |
| Stockholders' EquityBook value | $26.1B | — |
| Total Assets | $59.0B | — |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $713.0M | ||
| Q3 25 | $2.5B | $404.0M | ||
| Q2 25 | $1.5B | $494.0M | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.7B | $940.0M | ||
| Q3 24 | $2.1B | $895.0M | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $32.5B | ||
| Q3 25 | $24.4B | $32.0B | ||
| Q2 25 | $23.6B | $31.2B | ||
| Q1 25 | $22.2B | $30.7B | ||
| Q4 24 | $22.1B | $30.1B | ||
| Q3 24 | $23.0B | $26.8B | ||
| Q2 24 | $22.0B | $26.3B |
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $141.6B | ||
| Q3 25 | $57.6B | $138.2B | ||
| Q2 25 | $56.9B | $136.4B | ||
| Q1 25 | $56.6B | $135.4B | ||
| Q4 24 | $55.9B | $133.7B | ||
| Q3 24 | $57.3B | $132.3B | ||
| Q2 24 | $55.4B | $130.8B |
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | 1.78× | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | $2.0B | — |
| FCF MarginFCF / Revenue | 14.5% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $-148.0M | $2.8B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $814.0M | $711.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $-1.2B | ||
| Q3 25 | $1.9B | $-80.0M | ||
| Q2 25 | $1.4B | $-2.0B | ||
| Q1 25 | $-290.0M | $213.0M | ||
| Q4 24 | $1.8B | $-896.0M | ||
| Q3 24 | $1.2B | $526.0M | ||
| Q2 24 | $613.0M | $-1.6B |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | -17.6% | ||
| Q3 25 | 14.7% | -1.3% | ||
| Q2 25 | 10.7% | -34.0% | ||
| Q1 25 | -2.4% | 3.6% | ||
| Q4 24 | 13.5% | -13.5% | ||
| Q3 24 | 10.4% | 8.9% | ||
| Q2 24 | 5.1% | -26.5% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 46.4% | ||
| Q3 25 | 1.6% | 46.9% | ||
| Q2 25 | 1.5% | 52.0% | ||
| Q1 25 | 1.2% | 44.0% | ||
| Q4 24 | 2.7% | 42.6% | ||
| Q3 24 | 1.7% | 43.8% | ||
| Q2 24 | 1.7% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 2.93× | ||
| Q3 25 | 1.99× | 3.35× | ||
| Q2 25 | 1.58× | 1.93× | ||
| Q1 25 | -0.15× | 4.49× | ||
| Q4 24 | 1.88× | 2.87× | ||
| Q3 24 | 1.52× | 5.41× | ||
| Q2 24 | 0.90× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GD
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
