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Saturday 17 October 2026 Export GD’s income statement to Excel — free account

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.

344.25 7.22 +2.14%
Market cap
$91.2B
P/E
20.7×
Fwd P/E
20.8×
Dividend yield
1.82%
F-score
8/9
Altman Z
4.18
Beneish M
−2.52
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

General Dynamics Corporation (GD) Gross margin

Alert me on Gross margin

General Dynamics Corporation's gross margin over the twelve months to 30 June 2026 was 15.4%, up 0.2 percentage points from fiscal 2025 (15.1%). Over the past ten years it has ranged from 15.1% (fiscal 2025) to 20.2% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Aerospace & Defense industry median of 25.5% and below the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 15.1% (0.30)
FY2024 15.4% (0.35)
FY2023 15.8% (1.02)
FY2022 16.8% 0.14
FY2021 16.7% (0.02)
FY2020 16.7% (1.08)
FY2019 17.8% (0.63)
FY2018 18.4% (1.76)
FY2017 20.2% 1.61
FY2016 18.5% (1.07)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 15.5% (0.41)
Mar 2026 15.9% 1.01
Dec 2025 14.9% (0.36)
Sep 2025 15.3% 0.30
42 more quarters

Against its own ten years

Low 15.1% High 20.2%
Ten-year median 16.8%
Current reading's percentile 10

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
HEI Heico Corporation compare 40.4%
HEI.A Heico Corporation compare 40.4%
HWM Howmet Aerospace Inc. compare 36.0%
LHX L3Harris Technologies Inc compare 25.5%
NOC Northrop Grumman Corporation compare 20.1%
GD General Dynamics Corporation 15.4%
LMT Lockheed Martin Corporation compare 11.8%
BA The Boeing Company compare 4.68%
Aerospace & Defense industry median 25.5%
Industrials sector median 30.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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