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Side-by-side financial comparison of General Dynamics (GD) and Procter & Gamble (PG). Click either name above to swap in a different company.
Procter & Gamble is the larger business by last-quarter revenue ($22.2B vs $13.5B, roughly 1.6× General Dynamics). Procter & Gamble runs the higher net margin — 19.4% vs 8.3%, a 11.1% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (10.3% vs 1.5%). Procter & Gamble produced more free cash flow last quarter ($3.8B vs $2.0B). Over the past eight quarters, General Dynamics's revenue compounded faster (6.1% CAGR vs 4.9%).
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 Procter & Gamble Company (P&G) is an American multinational consumer goods corporation incorporated and headquartered in Cincinnati, Ohio.
GD vs PG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.5B | $22.2B |
| Net Profit | $1.1B | $4.3B |
| Gross Margin | — | 51.2% |
| Operating Margin | 10.5% | 24.2% |
| Net Margin | 8.3% | 19.4% |
| Revenue YoY | 10.3% | 1.5% |
| Net Profit YoY | 758.8% | -6.7% |
| EPS (diluted) | $4.10 | $1.78 |
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 | $22.2B | ||
| Q3 25 | $12.9B | $22.4B | ||
| Q2 25 | $13.0B | $20.9B | ||
| Q1 25 | $12.2B | $19.8B | ||
| Q4 24 | $13.3B | $21.9B | ||
| Q3 24 | $11.7B | $21.7B | ||
| Q2 24 | $12.0B | $20.5B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | $994.0M | $3.8B | ||
| Q4 24 | $1.1B | $4.6B | ||
| Q3 24 | $930.0M | $4.0B | ||
| Q2 24 | $905.0M | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 51.2% | ||
| Q3 25 | — | 51.4% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | — | 51.0% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 49.6% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 24.2% | ||
| Q3 25 | 10.3% | 26.2% | ||
| Q2 25 | 10.0% | 20.8% | ||
| Q1 25 | 10.4% | 23.0% | ||
| Q4 24 | 10.7% | 26.2% | ||
| Q3 24 | 10.1% | 26.7% | ||
| Q2 24 | 9.7% | 18.9% |
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 19.4% | ||
| Q3 25 | 8.2% | 21.2% | ||
| Q2 25 | 7.8% | 17.3% | ||
| Q1 25 | 8.1% | 19.1% | ||
| Q4 24 | 8.6% | 21.2% | ||
| Q3 24 | 8.0% | 18.2% | ||
| Q2 24 | 7.6% | 15.3% |
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $1.78 | ||
| Q3 25 | — | $1.95 | ||
| Q2 25 | — | $1.48 | ||
| Q1 25 | — | $1.54 | ||
| Q4 24 | — | $1.88 | ||
| Q3 24 | — | $1.61 | ||
| Q2 24 | — | $1.27 |
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 | $53.3B |
| Total Assets | $59.0B | $127.3B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $53.3B | ||
| Q3 25 | $24.4B | $53.6B | ||
| Q2 25 | $23.6B | $52.3B | ||
| Q1 25 | $22.2B | $52.5B | ||
| Q4 24 | $22.1B | $51.4B | ||
| Q3 24 | $23.0B | $52.1B | ||
| Q2 24 | $22.0B | $50.6B |
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $127.3B | ||
| Q3 25 | $57.6B | $127.6B | ||
| Q2 25 | $56.9B | $125.2B | ||
| Q1 25 | $56.6B | $123.0B | ||
| Q4 24 | $55.9B | $122.6B | ||
| Q3 24 | $57.3B | $126.5B | ||
| Q2 24 | $55.4B | $122.4B |
| 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 | — | $5.0B |
| Free Cash FlowOCF − Capex | $2.0B | $3.8B |
| FCF MarginFCF / Revenue | 14.5% | 17.1% |
| Capex IntensityCapex / Revenue | 1.5% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $6.2B | $14.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $5.0B | ||
| Q3 25 | $2.1B | $5.4B | ||
| Q2 25 | $1.6B | $5.0B | ||
| Q1 25 | $-148.0M | $3.7B | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $814.0M | $5.8B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $3.8B | ||
| Q3 25 | $1.9B | $4.2B | ||
| Q2 25 | $1.4B | $4.0B | ||
| Q1 25 | $-290.0M | $2.8B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $1.2B | $3.3B | ||
| Q2 24 | $613.0M | $5.0B |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 17.1% | ||
| Q3 25 | 14.7% | 18.8% | ||
| Q2 25 | 10.7% | 19.1% | ||
| Q1 25 | -2.4% | 14.4% | ||
| Q4 24 | 13.5% | 17.8% | ||
| Q3 24 | 10.4% | 15.2% | ||
| Q2 24 | 5.1% | 24.2% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 5.3% | ||
| Q3 25 | 1.6% | 5.4% | ||
| Q2 25 | 1.5% | 4.8% | ||
| Q1 25 | 1.2% | 4.3% | ||
| Q4 24 | 2.7% | 4.2% | ||
| Q3 24 | 1.7% | 4.6% | ||
| Q2 24 | 1.7% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.15× | ||
| Q3 25 | 1.99× | 1.14× | ||
| Q2 25 | 1.58× | 1.38× | ||
| Q1 25 | -0.15× | 0.98× | ||
| Q4 24 | 1.88× | 1.04× | ||
| Q3 24 | 1.52× | 1.09× | ||
| Q2 24 | 0.90× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GD
Segment breakdown not available.
PG
| Fabric Home Care Segment | $7.7B | 35% |
| Baby Feminine Family Care Segment | $5.1B | 23% |
| Beauty Segment | $4.0B | 18% |
| Health Care Segment | $3.4B | 15% |
| Grooming Segment | $1.8B | 8% |
