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Side-by-side financial comparison of General Dynamics (GD) and PayPal (PYPL). Click either name above to swap in a different company.
General Dynamics is the larger business by last-quarter revenue ($14.4B vs $8.7B, roughly 1.7× PayPal). PayPal runs the higher net margin — 16.6% vs 7.9%, a 8.6% gap on every dollar of revenue. On growth, General Dynamics posted the faster year-over-year revenue change (7.8% vs 3.7%). PayPal produced more free cash flow last quarter ($2.2B vs $952.0M). Over the past eight quarters, General Dynamics's revenue compounded faster (15.8% CAGR vs 6.2%).
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.
PayPalPYPLEarnings & Financial Report
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.
GD vs PYPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.4B | $8.7B |
| Net Profit | $1.1B | $1.4B |
| Gross Margin | — | — |
| Operating Margin | 10.1% | 17.4% |
| Net Margin | 7.9% | 16.6% |
| Revenue YoY | 7.8% | 3.7% |
| Net Profit YoY | -0.4% | 28.2% |
| EPS (diluted) | — | $1.53 |
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.
| Q4 25 | $14.4B | $8.7B | ||
| Q3 25 | $12.9B | $8.4B | ||
| Q2 25 | $13.0B | $8.3B | ||
| Q1 25 | $12.2B | $7.8B | ||
| Q4 24 | $13.3B | $8.4B | ||
| Q3 24 | $11.7B | $7.8B | ||
| Q2 24 | $12.0B | $7.9B | ||
| Q1 24 | $10.7B | $7.7B |
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $994.0M | $1.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $930.0M | $1.0B | ||
| Q2 24 | $905.0M | $1.1B | ||
| Q1 24 | $799.0M | $888.0M |
| Q4 25 | 10.1% | 17.4% | ||
| Q3 25 | 10.3% | 18.1% | ||
| Q2 25 | 10.0% | 18.1% | ||
| Q1 25 | 10.4% | 19.6% | ||
| Q4 24 | 10.7% | 17.2% | ||
| Q3 24 | 10.1% | 17.7% | ||
| Q2 24 | 9.7% | 16.8% | ||
| Q1 24 | 9.7% | 15.2% |
| Q4 25 | 7.9% | 16.6% | ||
| Q3 25 | 8.2% | 14.8% | ||
| Q2 25 | 7.8% | 15.2% | ||
| Q1 25 | 8.1% | 16.5% | ||
| Q4 24 | 8.6% | 13.4% | ||
| Q3 24 | 8.0% | 12.9% | ||
| Q2 24 | 7.6% | 14.3% | ||
| Q1 24 | 7.4% | 11.5% |
| Q4 25 | — | $1.53 | ||
| Q3 25 | — | $1.30 | ||
| Q2 25 | — | $1.29 | ||
| Q1 25 | — | $1.29 | ||
| Q4 24 | — | $1.09 | ||
| Q3 24 | — | $0.99 | ||
| Q2 24 | — | $1.08 | ||
| Q1 24 | — | $0.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $10.4B |
| Total DebtLower is stronger | $8.1B | — |
| Stockholders' EquityBook value | $25.6B | $20.3B |
| Total Assets | $57.2B | $80.2B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $10.4B | ||
| Q3 25 | $2.5B | $10.8B | ||
| Q2 25 | $1.5B | $10.0B | ||
| Q1 25 | $1.2B | $11.2B | ||
| Q4 24 | $1.7B | $10.8B | ||
| Q3 24 | $2.1B | $11.9B | ||
| Q2 24 | $1.4B | $13.6B | ||
| Q1 24 | $1.0B | $14.3B |
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $25.6B | $20.3B | ||
| Q3 25 | $24.4B | $20.2B | ||
| Q2 25 | $23.6B | $20.2B | ||
| Q1 25 | $22.2B | $20.3B | ||
| Q4 24 | $22.1B | $20.4B | ||
| Q3 24 | $23.0B | $20.2B | ||
| Q2 24 | $22.0B | $20.6B | ||
| Q1 24 | $21.4B | $20.7B |
| Q4 25 | $57.2B | $80.2B | ||
| Q3 25 | $57.6B | $79.8B | ||
| Q2 25 | $56.9B | $79.8B | ||
| Q1 25 | $56.6B | $81.3B | ||
| Q4 24 | $55.9B | $81.6B | ||
| Q3 24 | $57.3B | $83.5B | ||
| Q2 24 | $55.4B | $84.0B | ||
| Q1 24 | $55.2B | $83.3B |
| Q4 25 | 0.32× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.6B | $2.4B |
| Free Cash FlowOCF − Capex | $952.0M | $2.2B |
| FCF MarginFCF / Revenue | 6.6% | 25.2% |
| Capex IntensityCapex / Revenue | 4.2% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.37× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $4.0B | $5.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $1.6B | $898.0M | ||
| Q1 25 | $-148.0M | $1.2B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $814.0M | $1.5B | ||
| Q1 24 | $-278.0M | $1.9B |
| Q4 25 | $952.0M | $2.2B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.4B | $692.0M | ||
| Q1 25 | $-290.0M | $964.0M | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $613.0M | $1.4B | ||
| Q1 24 | $-437.0M | $1.8B |
| Q4 25 | 6.6% | 25.2% | ||
| Q3 25 | 14.7% | 20.4% | ||
| Q2 25 | 10.7% | 8.3% | ||
| Q1 25 | -2.4% | 12.4% | ||
| Q4 24 | 13.5% | 26.2% | ||
| Q3 24 | 10.4% | 18.4% | ||
| Q2 24 | 5.1% | 17.3% | ||
| Q1 24 | -4.1% | 22.9% |
| Q4 25 | 4.2% | 2.2% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | 1.2% | 2.5% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 1.7% | 2.2% | ||
| Q2 24 | 1.7% | 2.0% | ||
| Q1 24 | 1.5% | 2.0% |
| Q4 25 | 1.37× | 1.66× | ||
| Q3 25 | 1.99× | 1.58× | ||
| Q2 25 | 1.58× | 0.71× | ||
| Q1 25 | -0.15× | 0.90× | ||
| Q4 24 | 1.88× | 2.14× | ||
| Q3 24 | 1.52× | 1.60× | ||
| Q2 24 | 0.90× | 1.35× | ||
| Q1 24 | -0.35× | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GD
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
