General Dynamics Corporation
GD Industrials Aerospace & Defense
General Dynamics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $52.6 billion, up 10.1% from fiscal 2024. In the quarter to June 2026, revenue grew 8.07%, EPS grew 13.5%, free cash flow grew 17.6% and total debt fell 13.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five.
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General Dynamics Corporation 10-Q filed Jul 29, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 222.5% while revenue grew 8.1% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 29, 2026: 5 added · 3 removed · 42 modified; 5 with only figures updated
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Modified · BUSINESS ENVIRONMENT
As a global aerospace and defense company, we compete in domestic and international markets, serving both government and commercial customers. Our financial performance is significantly influenced by U.S. government spending levels, administration priorities and the overall economy. In the federal market, defense spending has been at increased levels, and the administration has publicly stated support for further increases.
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