General Dynamics Corp (GD)
General Dynamics Corp brought in $56.5B of revenue over the twelve months to October 4, 2026, up 9.7% from a year earlier. Net income was $4.7B, a net margin of 8.2%. Operating cash flow minus capital spending left $4B of free cash flow in fiscal 2025. At October 4, 2026 it held $4.4B in cash against $6.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about General Dynamics Corp
- Net worth
- General Dynamics Corp has a market value (market cap) of $99.2B at the latest share price, and shareholders' equity of $27.3B on its balance sheet at October 4, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $52.6B (+10.1% year on year), with net income of $4.2B. Over the 12 months to October 4, 2026: revenue $56.5B, net income $4.7B.
- Cash flow
- In fiscal 2025 operations brought in $5.1B of cash; after $1.2B of capital spending, free cash flow was $4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to October 4, 2026. Open on SEC EDGAR
- Next earnings report
- General Dynamics Corp's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What General Dynamics Corp does
General Dynamics is an aerospace and defense company. It manufactures business aviation aircraft under the Gulfstream brand, nuclear-powered submarines and naval surface ships for the US Navy, wheeled combat vehicles and tanks for ground forces, and mission-critical communications and information technology systems for military and intelligence agencies. Its shares trade on NYSE under the ticker GD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $52.6B | $4.2B | $15.45 | $4B |
| 2024 | $47.7B | $3.8B | $13.63 | $3.2B |
| 2023 | $42.3B | $3.3B | $12.02 | $3.8B |
| 2022 | $39.4B | $3.4B | $12.19 | $3.5B |
| 2021 | $38.5B | $3.3B | $11.55 | $3.4B |
| 2020 | $37.9B | $3.2B | $11.00 | $2.9B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where GD ranks in Industrials
Dividends
It paid out $1.6B in cash dividends, 38% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $1.6B | 38% |
| 2024 | n/a | $1.5B | 40% |
| 2023 | n/a | $1.4B | 43% |
| 2022 | n/a | $1.4B | 40% |
| 2021 | n/a | $1.3B | 40% |
| 2020 | n/a | $1.2B | 39% |
Latest SEC filings
What General Dynamics Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Quarterly report 10-Q · period to October 4, 2026Revenue rose 13% to $14.6B versus the same quarter last year; net income rose 16% to $1.2B.
- October 30, 2026
- October 8, 2026Executive or director change8-KGeneral Dynamics announced that Danny Deep will become Chief Executive Officer on January 1, 2027, succeeding Phebe Novakovic.
- October 6, 2026Activist stake changed SCHEDULE 13D/A
- August 28, 2026Activist stake changed SCHEDULE 13D/A
- August 7, 2026
- August 4, 2026Other event 8-K
- July 30, 2026
- July 29, 2026Quarterly report 10-Q · period to July 5, 2026Revenue rose 8.1% to $14.1B versus the same quarter last year; net income rose 14% to $1.2B.
- July 29, 2026
What is GD worth? A DCF from its reported cash flow
Insider trades
What the people running General Dynamics Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $23.8M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | De Leon Rudy FDirector | Gave as a gift | 138 | - |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 31,279 | $11.3M |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 2,529 | $914.1K |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 1,146 | $415.4K |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 669 | $243.3K |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 795 | $289.8K |
| November 5, 2026 | Novakovic Phebe NChairman and CEO, Director | Sold | 8,935 | $3.3M |
| November 3, 2026 | Aiken Jason WExecutive Vice President | Exercised options | 14,645 | $3.3M |
Who owns GD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Longview Asset Management, LLC13D, may seek influence | 9% | October 6, 2026 |
| Vanguard Capital Management13G, passive | 6.88% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,209 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Longview Asset Management, LLC | 27,060,944 | 0 |
| BlackRock, Inc. | 19,310,609 | +708,645 |
| Vanguard Capital Management LLC | 16,670,477 | +528,686 |
| Newport Trust Company, LLC | 13,398,261 | -172,340 |
| State Street Corp | 11,811,099 | +374,682 |
| Bank of America Corp | 7,349,613 | -780,058 |
| Vanguard Portfolio Management LLC | 6,808,241 | +487,975 |
| Geode Capital Management, LLC | 6,220,205 | -45,867 |
| Jpmorgan Chase & Co | 5,283,746 | -101,477 |
| Morgan Stanley | 4,440,256 | -735,507 |
| Wells Fargo & Company | 4,326,856 | -183,885 |
| Ameriprise Financial Inc | 4,298,949 | -455,853 |
| Massachusetts Financial Services Co | 4,140,985 | -1,561,644 |
| Fmr LLC | 4,101,398 | -400,538 |
| Capital Research Global Investors | 3,708,400 | -217,670 |
| Sanders Capital, LLC | 3,546,156 | -71,088 |
| Northern Trust Corp | 3,344,509 | -30,070 |
| Invesco Ltd. | 2,947,325 | +203,497 |
| Royal Bank of Canada | 2,761,270 | -3,422 |
| Aristotle Capital Management, LLC | 2,315,796 | -130,913 |
Insiders
26 insiders reported holding 1,552,840 shares in total, about $569.3M at the last price.
| Holder | Shares |
|---|---|
| Novakovic Phebe NChairman and CEO, Director | 766,457 |
| Aiken Jason WExecutive Vice President | 184,688 |
| Gallopoulos Gregory SSenior VP, Gen. Counsel, Sec. | 111,270 |
| Smith Robert EdwardExecutive Vice President | 95,516 |
| Kuryea Kimberly ASenior Vice President & CFO | 93,824 |
| Deep DannyPresident, Director | 48,245 |
| Gilliland Marguerite AmyExecutive Vice President | 44,767 |
| Burns Mark LagrandExecutive Vice President | 38,975 |
| Paddock DavidVice President | 38,268 |
| Brady Christopher JVice President | 24,924 |
Questions about GD
What does General Dynamics Corp do?
General Dynamics is an aerospace and defense company. It manufactures business aviation aircraft under the Gulfstream brand, nuclear-powered submarines and naval surface ships for the US Navy, wheeled combat vehicles and tanks for ground forces, and mission-critical communications and information technology systems for military and intelligence agencies. Its shares trade on NYSE under the ticker GD.
What is General Dynamics Corp's net worth?
General Dynamics Corp has a market value (market cap) of $99.2B at the latest share price, and shareholders' equity of $27.3B on its balance sheet at October 4, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is General Dynamics Corp profitable?
Yes. Over the twelve months to October 4, 2026 it reported net income of $4.7B on revenue of $56.5B, a net margin of 8.2%.
How much revenue does General Dynamics Corp make?
Over the twelve months to October 4, 2026 General Dynamics Corp reported revenue of $56.5B. That is 9.7% more than a year earlier.
When did General Dynamics Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to October 4, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is General Dynamics Corp's next earnings report?
General Dynamics Corp's next report is expected around January 27, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values General Dynamics Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.