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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) Operating margin

Alert me on Operating margin

General Dynamics Corporation's operating margin over the twelve months to 30 June 2026 was 10.3%, up 0.1 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from 10.0% (fiscal 2023) to 13.7% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Aerospace & Defense industry median of 4.54% and above the Industrials sector median of 5.13%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 10.2% 0.14
FY2024 10.1% 0.01
FY2023 10.0% (0.65)
FY2022 10.7% (0.13)
FY2021 10.8% (0.08)
FY2020 10.9% (0.71)
FY2019 11.6% (0.53)
FY2018 12.1% (1.54)
FY2017 13.7% 1.43
FY2016 12.3% (1.26)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 10.4% (0.17)
Mar 2026 10.5% 0.43
Dec 2025 10.1% (0.21)
Sep 2025 10.3% 0.30
42 more quarters

Against its own ten years

Low 10.0% High 13.7%
Ten-year median 10.9%
Current reading's percentile 26

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 27.4%
HEI Heico Corporation compare 24.0%
HEI.A Heico Corporation compare 24.0%
LMT Lockheed Martin Corporation compare 11.9%
NOC Northrop Grumman Corporation compare 10.7%
LHX L3Harris Technologies Inc compare 10.5%
GD General Dynamics Corporation 10.3%
BA The Boeing Company compare 4.89%
Aerospace & Defense industry median 4.54%
Industrials sector median 5.13%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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