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 (GD) Free cash flow
General Dynamics Corporation's free cash flow for fiscal 2025 was $4.0B, up 23.9% from $3.2B in fiscal 2024. Over the twelve months to 30 June 2026 it was $6.4B. Over the past ten years it has ranged from $1.8B (fiscal 2016) to $4.0B (fiscal 2025) — the current reading is the highest in ten years. General Dynamics Corporation ranks 4th of 82 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $4.0B | 23.87% |
| FY2024 | $3.2B | (16.03%) |
| FY2023 | $3.8B | 9.84% |
| FY2022 | $3.5B | 2.39% |
| FY2021 | $3.4B | 17.05% |
| FY2020 | $2.9B | 44.98% |
| FY2019 | $2.0B | (18.88%) |
| FY2018 | $2.5B | (28.71%) |
| FY2017 | $3.4B | 94.69% |
| FY2016 | $1.8B | (13.10%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.6B | (15.68%) |
| Mar 2026 | $2.0B | 105.04% |
| Dec 2025 | $952.0M | (49.82%) |
| Sep 2025 | $1.9B | 35.50% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LMT Lockheed Martin Corporation compare | $8.7B |
| GD General Dynamics Corporation | $6.4B |
| NOC Northrop Grumman Corporation compare | $3.6B |
| LHX L3Harris Technologies Inc compare | $2.8B |
| HWM Howmet Aerospace Inc. compare | $2.0B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| HEI Heico Corporation compare | $1.0B |
| HEI.A Heico Corporation compare | $1.0B |
| BA The Boeing Company compare | −$129.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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- The full statement