General Dynamics Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	52,550	47,716	42,272	39,407	38,469
Revenue Growth (YoY)	10.13%	12.88%	7.27%	2.44%	1.43%
Cost of Revenue	44,599	40,352	35,600	32,785	32,061
Gross Profit	7,951	7,364	6,672	6,622	6,408
Selling, General & Admin	2,595	2,568	2,427	2,411	2,245
Operating Income	5,356	4,796	4,245	4,211	4,163
Interest Expense	-314	-324	-343	-364	-424
Other Non-Operating Income (Expense)	61	68	82	189	134
Total Non-Operating Income (Expense)	-253	-256	-261	-175	-290
Pretax Income	5,103	4,540	3,984	4,036	3,873
Provision for Income Taxes	893	758	669	646	616
Net Income	4,210	3,782	3,315	3,390	3,257
Net Income to Common	4,210	3,782	3,315	3,390	3,257
Net Income Growth	11.32%	14.09%	-2.21%	4.08%	2.84%
Shares Outstanding (Basic)	269	274	273	275	280
Shares Outstanding (Diluted)	272	277	276	278	282
Shares Change (YoY)	-1.82%	0.64%	-0.88%	-1.36%	-2.05%
EPS (Basic)	15.65	13.81	12.14	12.31	11.61
EPS (Diluted)	15.45	13.63	12.02	12.19	11.55
EPS Growth	13.35%	13.39%	-1.40%	5.54%	5.00%
Free Cash Flow	3,959	3,196	3,806	3,465	3,384
Free Cash Flow Growth	23.87%	-16.03%	9.84%	2.39%	17.05%
Free Cash Flow Per Share	14.53	11.52	13.80	12.46	12.00
Dividends Per Share	6.000	5.680	5.280	5.040	4.760
Dividend Growth	5.63%	7.58%	4.76%	5.88%	8.18%
Gross Margin	15.13%	15.43%	15.78%	16.80%	16.66%
Operating Margin	10.19%	10.05%	10.04%	10.69%	10.82%
Profit Margin	8.01%	7.93%	7.84%	8.60%	8.47%
FCF Margin	7.53%	6.70%	9.00%	8.79%	8.80%
EBITDA	6,280	5,682	5,108	5,095	5,053
EBITDA Margin	11.95%	11.91%	12.08%	12.93%	13.14%
EBIT	5,356	4,796	4,245	4,211	4,163
EBIT Margin	10.19%	10.05%	10.04%	10.69%	10.82%
Effective Tax Rate	17.50%	16.70%	16.79%	16.01%	15.90%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.