G

GENERAL DYNAMICS CORP

GD · CIK 0000040533

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$52.55B10.1%
FY2025
Net income (FY)
$4.21B11.3%
FY2025
Free cash flow (FY)
$3.96B23.9%
FY2025
Diluted EPS (FY)
$15.4513.4%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20B$40BFY2007 · Revenue $27.24B · Net income $2.07B · 0001193125-10-034883 · filed 2010-02-19FY07Revenue $27.24BNet income $2.07B0001193125-10-034883 · filed 2010-02-19FY2008 · Revenue $29.30B · Net income $2.46B · 0001193125-11-039769 · filed 2011-02-18FY08Revenue $29.30BNet income $2.46B0001193125-11-039769 · filed 2011-02-18FY2009 · Revenue $31.98B · Net income $2.39B · 0001193125-12-066385 · filed 2012-02-17FY09Revenue $31.98BNet income $2.39B0001193125-12-066385 · filed 2012-02-17FY2010 · Revenue $32.47B · Net income $2.62B · 0000040533-13-000005 · filed 2013-02-08FY10Revenue $32.47BNet income $2.62B0000040533-13-000005 · filed 2013-02-08FY2011 · Revenue $32.68B · Net income $2.53B · 0000040533-14-000002 · filed 2014-02-07FY11Revenue $32.68BNet income $2.53B0000040533-14-000002 · filed 2014-02-07FY2012 · Revenue $30.99B · Net income −$332.0M · 0000040533-15-000009 · filed 2015-02-09FY12Revenue $30.99BNet income −$332.0M0000040533-15-000009 · filed 2015-02-09FY2013 · Revenue $30.93B · Net income $2.36B · 0000040533-16-000056 · filed 2016-02-08FY13Revenue $30.93BNet income $2.36B0000040533-16-000056 · filed 2016-02-08FY2014 · Revenue $30.85B · Net income $2.53B · 0000040533-17-000006 · filed 2017-02-06FY14Revenue $30.85BNet income $2.53B0000040533-17-000006 · filed 2017-02-06FY2015 · Revenue $31.78B · Net income $3.04B · 0000040533-18-000008 · filed 2018-02-12FY15Revenue $31.78BNet income $3.04B0000040533-18-000008 · filed 2018-02-12FY2016 · Revenue $30.56B · Net income $2.57B · 0000040533-19-000010 · filed 2019-02-13FY16Revenue $30.56BNet income $2.57B0000040533-19-000010 · filed 2019-02-13FY2017 · Revenue $30.97B · Net income $2.91B · 0000040533-20-000015 · filed 2020-02-10FY17Revenue $30.97BNet income $2.91B0000040533-20-000015 · filed 2020-02-10FY2018 · Revenue $36.19B · Net income $3.35B · 0000040533-21-000010 · filed 2021-02-09FY18Revenue $36.19BNet income $3.35B0000040533-21-000010 · filed 2021-02-09FY2019 · Revenue $39.35B · Net income $3.48B · 0000040533-22-000007 · filed 2022-02-09FY19Revenue $39.35BNet income $3.48B0000040533-22-000007 · filed 2022-02-09FY2020 · Revenue $37.92B · Net income $3.17B · 0000040533-23-000014 · filed 2023-02-07FY20Revenue $37.92BNet income $3.17B0000040533-23-000014 · filed 2023-02-07FY2021 · Revenue $38.47B · Net income $3.26B · 0000040533-24-000007 · filed 2024-02-08FY21Revenue $38.47BNet income $3.26B0000040533-24-000007 · filed 2024-02-08FY2022 · Revenue $39.41B · Net income $3.39B · 0000040533-25-000008 · filed 2025-02-07FY22Revenue $39.41BNet income $3.39B0000040533-25-000008 · filed 2025-02-07FY2023 · Revenue $42.27B · Net income $3.31B · 0000040533-26-000006 · filed 2026-01-30FY23Revenue $42.27BNet income $3.31B0000040533-26-000006 · filed 2026-01-30FY2024 · Revenue $47.72B · Net income $3.78B · 0000040533-26-000006 · filed 2026-01-30FY24Revenue $47.72BNet income $3.78B0000040533-26-000006 · filed 2026-01-30FY2025 · Revenue $52.55B · Net income $4.21B · 0000040533-26-000006 · filed 2026-01-30FY25Revenue $52.55BNet income $4.21B0000040533-26-000006 · filed 2026-01-30FY25Revenue $52.55BNet income $4.21B0000040533-26-000006 · filed 2026-01-30FY07FY10FY13FY16FY19FY22FY25

revenue 1.9× since FY2007 · net margin 7.6% → 8.0%

MarginsNet marginFCF margin
0%5%10%FY2007 · Net margin 7.6% · FCF margin 9.1%FY07Net margin 7.6%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 8.4% · FCF margin 9.0%FY08Net margin 8.4%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 7.5% · FCF margin 7.7%FY09Net margin 7.5%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 8.1% · FCF margin 8.1%FY10Net margin 8.1%FCF margin 8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.7% · FCF margin 8.5%FY11Net margin 7.7%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin -1.1% · FCF margin 7.0%FY12Net margin -1.1%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.6% · FCF margin 8.6%FY13Net margin 7.6%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 8.2% · FCF margin 10.4%FY14Net margin 8.2%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 9.6% · FCF margin 6.1%FY15Net margin 9.6%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 8.4% · FCF margin 5.8%FY16Net margin 8.4%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.4% · FCF margin 11.1%FY17Net margin 9.4%FCF margin 11.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 9.2% · FCF margin 6.8%FY18Net margin 9.2%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.9% · FCF margin 5.1%FY19Net margin 8.9%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 8.4% · FCF margin 7.6%FY20Net margin 8.4%FCF margin 7.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.5% · FCF margin 8.8%FY21Net margin 8.5%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 8.6% · FCF margin 8.8%FY22Net margin 8.6%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 7.8% · FCF margin 9.0%FY23Net margin 7.8%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 7.9% · FCF margin 6.7%FY24Net margin 7.9%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 8.0% · FCF margin 7.5%FY25Net margin 8.0%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 8.0%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 8.0% · free cash flow 7.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $2.95B · FCF $2.48B · 0001193125-10-034883 · filed 2010-02-19FY07OCF $2.95BFCF $2.48B0001193125-10-034883 · filed 2010-02-19FY2008 · OCF $3.12B · FCF $2.63B · 0001193125-11-039769 · filed 2011-02-18FY08OCF $3.12BFCF $2.63B0001193125-11-039769 · filed 2011-02-18FY2009 · OCF $2.85B · FCF $2.47B · 0001193125-12-066385 · filed 2012-02-17FY09OCF $2.85BFCF $2.47B0001193125-12-066385 · filed 2012-02-17FY2010 · OCF $2.99B · FCF $2.62B · 0000040533-13-000005 · filed 2013-02-08FY10OCF $2.99BFCF $2.62B0000040533-13-000005 · filed 2013-02-08FY2011 · OCF $3.24B · FCF $2.78B · 0000040533-14-000002 · filed 2014-02-07FY11OCF $3.24BFCF $2.78B0000040533-14-000002 · filed 2014-02-07FY2012 · OCF $2.61B · FCF $2.17B · 0000040533-15-000009 · filed 2015-02-09FY12OCF $2.61BFCF $2.17B0000040533-15-000009 · filed 2015-02-09FY2013 · OCF $3.11B · FCF $2.67B · 0000040533-16-000056 · filed 2016-02-08FY13OCF $3.11BFCF $2.67B0000040533-16-000056 · filed 2016-02-08FY2014 · OCF $3.73B · FCF $3.21B · 0000040533-16-000056 · filed 2016-02-08FY14OCF $3.73BFCF $3.21B0000040533-16-000056 · filed 2016-02-08FY2015 · OCF $2.50B · FCF $1.93B · 0000040533-16-000056 · filed 2016-02-08FY15OCF $2.50BFCF $1.93B0000040533-16-000056 · filed 2016-02-08FY2016 · OCF $2.16B · FCF $1.77B · 0000040533-19-000010 · filed 2019-02-13FY16OCF $2.16BFCF $1.77B0000040533-19-000010 · filed 2019-02-13FY2017 · OCF $3.88B · FCF $3.45B · 0000040533-20-000015 · filed 2020-02-10FY17OCF $3.88BFCF $3.45B0000040533-20-000015 · filed 2020-02-10FY2018 · OCF $3.15B · FCF $2.46B · 0000040533-21-000010 · filed 2021-02-09FY18OCF $3.15BFCF $2.46B0000040533-21-000010 · filed 2021-02-09FY2019 · OCF $2.98B · FCF $1.99B · 0000040533-22-000007 · filed 2022-02-09FY19OCF $2.98BFCF $1.99B0000040533-22-000007 · filed 2022-02-09FY2020 · OCF $3.86B · FCF $2.89B · 0000040533-23-000014 · filed 2023-02-07FY20OCF $3.86BFCF $2.89B0000040533-23-000014 · filed 2023-02-07FY2021 · OCF $4.27B · FCF $3.38B · 0000040533-24-000007 · filed 2024-02-08FY21OCF $4.27BFCF $3.38B0000040533-24-000007 · filed 2024-02-08FY2022 · OCF $4.58B · FCF $3.46B · 0000040533-25-000008 · filed 2025-02-07FY22OCF $4.58BFCF $3.46B0000040533-25-000008 · filed 2025-02-07FY2023 · OCF $4.71B · FCF $3.81B · 0000040533-26-000006 · filed 2026-01-30FY23OCF $4.71BFCF $3.81B0000040533-26-000006 · filed 2026-01-30FY2024 · OCF $4.11B · FCF $3.20B · 0000040533-26-000006 · filed 2026-01-30FY24OCF $4.11BFCF $3.20B0000040533-26-000006 · filed 2026-01-30FY2025 · OCF $5.12B · FCF $3.96B · 0000040533-26-000006 · filed 2026-01-30FY25OCF $5.12BFCF $3.96B0000040533-26-000006 · filed 2026-01-30FY25OCF $5.12BFCF $3.96B0000040533-26-000006 · filed 2026-01-30’09’13’17’21’25

FY2025: $5.12B operating cash − $1.16B capex = $3.96B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2008 · ROE 24.5% · ROA 8.7%FY08ROE 24.5%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 19.3% · ROA 7.7%FY09ROE 19.3%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 19.7% · ROA 8.1%FY10ROE 19.7%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 19.1% · ROA 7.2%FY11ROE 19.1%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -2.9% · ROA -1.0%FY12ROE -2.9%ROA -1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 16.3% · ROA 6.6%FY13ROE 16.3%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 21.4% · ROA 7.2%FY14ROE 21.4%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 28.3% · ROA 9.5%FY15ROE 28.3%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 25.0% · ROA 7.8%FY16ROE 25.0%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 25.5% · ROA 8.3%FY17ROE 25.5%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 28.5% · ROA 7.4%FY18ROE 28.5%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 24.9% · ROA 7.1%FY19ROE 24.9%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 20.2% · ROA 6.2%FY20ROE 20.2%ROA 6.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 18.5% · ROA 6.5%FY21ROE 18.5%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 18.3% · ROA 6.6%FY22ROE 18.3%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 15.6% · ROA 6.0%FY23ROE 15.6%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.1% · ROA 6.8%FY24ROE 17.1%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 16.4% · ROA 7.4%FY25ROE 16.4%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 16.4%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 24% (FY2008) → 16% (FY2025) · on assets 7.4%

The receipts