General Dynamics (GD) income statement
NYSE · Industrials · Aerospace & Defense · 117,000 employees · CEO Phebe N. Novakovic
- Price
- $372.59 +0.48%
- Market cap
- $101B
- Enterprise value
- $105B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-01-27 EPS est. $4.51
General Dynamics (GD) reported revenue of $14.6B for Q3 '26 (+12.9% year on year), operating income of $1.53B (10.5% of revenue) and net income of $1.23B. Over the last four quarters revenue was $56.5B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.7B | $10.7B | $12B | $11.7B | $13.3B | $12.2B | $13B | $12.9B | $14.4B | $13.5B | $14.1B | $14.6B | |
| Cost of revenue | $9.75B | $9.07B | $10.2B | $9.86B | $11.3B | $10.3B | $11.1B | $10.9B | $12.2B | $11.3B | $11.9B | $12.3B | |
| Gross profit | $1.92B | $1.66B | $1.8B | $1.82B | $2.09B | $1.89B | $1.95B | $1.97B | $2.14B | $2.14B | $2.18B | $2.25B | |
| Research & development | $0 | $0 | $0 | $0 | $565M | $0 | $0 | $0 | $486M | $0 | $0 | $0 | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6M | $0 | $0 | $0 | |
| General & administrative | $635M | $627M | $644M | $635M | $662M | $625M | $644M | $637M | $689M | $723M | $723M | $722M | |
| Other operating expenses | $0 | $0 | $0 | $0 | -$565M | $0 | $0 | $0 | -$480M | $0 | $0 | $0 | |
| Operating expenses | $635M | $627M | $644M | $635M | $662M | $625M | $644M | $637M | $689M | $723M | $723M | $722M | |
| Operating income | $1.29B | $1.04B | $1.16B | $1.18B | $1.42B | $1.27B | $1.31B | $1.33B | $1.45B | $1.42B | $1.46B | $1.53B | |
| Interest expense | $78M | $82M | $84M | $82M | $76M | $89M | $88M | $74M | $63M | $69M | $49M | $45M | |
| Other non-operating income (gains on investments, FX ...) | -$138M | -$14M | -$18M | -$15M | -$137M | -$21M | -$15M | -$15M | -$61M | -$18M | $4M | -$4M | |
| Total non-operating income | -$61M | -$68M | -$66M | -$67M | -$55M | -$68M | -$73M | -$59M | -$53M | -$51M | -$53M | -$41M | |
| Income before tax | $1.23B | $968M | $1.09B | $1.11B | $1.37B | $1.2B | $1.23B | $1.27B | $1.4B | $1.37B | $1.41B | $1.49B | |
| Income tax | $222M | $169M | $185M | $184M | $220M | $206M | $218M | $213M | $256M | $244M | $247M | $257M | |
| Net income | $1.01B | $799M | $905M | $930M | $1.15B | $994M | $1.01B | $1.06B | $1.14B | $1.13B | $1.16B | $1.23B | |
| EPS (basic) | $3.68 | $2.92 | $3.30 | $3.39 | $4.20 | $3.69 | $3.78 | $3.94 | $4.23 | $4.16 | $4.30 | $4.55 | |
| EPS (diluted) | $3.64 | $2.88 | $3.26 | $3.35 | $4.15 | $3.66 | $3.74 | $3.89 | $4.17 | $4.10 | $4.25 | $4.49 | |
| Shares (basic, weighted) | 273M | 273M | 274M | 274M | 273M | 269M | 268M | 269M | 270M | 270M | 270M | 270M | |
| Shares (diluted, weighted) | 276M | 277M | 278M | 278M | 277M | 272M | 271M | 272M | 274M | 274M | 274M | 274M | |
| Depreciation & amortization | $222M | $211M | $217M | $218M | $240M | $223M | $223M | $226M | $252M | $232M | $231M | $235M | |
| EBITDA | $1.65B | $1.26B | $1.39B | $1.41B | $1.8B | $1.51B | $1.54B | $1.57B | $1.77B | $1.67B | $1.69B | $1.77B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6B | $31B | $36.2B | $39.4B | $37.9B | $38.5B | $39.4B | $42.3B | $47.7B | $52.6B | |
| Cost of revenue | $24.9B | $24.7B | $29.5B | $32.4B | $31.6B | $32.1B | $32.8B | $35.6B | $40.4B | $44.6B | |
| Gross profit | $5.67B | $6.24B | $6.66B | $6.99B | $6.33B | $6.41B | $6.62B | $6.67B | $7.36B | $7.95B | |
| Research & development | $0 | $0 | $0 | $0 | $0 | $415M | $480M | $510M | $565M | $486M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$64M | |
| General & administrative | $1.92B | $2.01B | $2.26B | $2.42B | $2.19B | $2.25B | $2.41B | $2.43B | $2.57B | $2.6B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | -$415M | -$480M | -$510M | -$565M | -$422M | |
| Operating expenses | $1.92B | $2.01B | $2.26B | $2.42B | $2.19B | $2.25B | $2.41B | $2.43B | $2.57B | $2.6B | |
| Operating income | $3.74B | $4.24B | $4.39B | $4.57B | $4.13B | $4.16B | $4.21B | $4.25B | $4.8B | $5.36B | |
| Interest income | $8M | $14M | $18M | $12M | $12M | $7M | $27M | $56M | $69M | $0 | |
| Interest expense | $99M | $117M | $374M | $472M | $489M | $431M | $391M | $399M | $393M | $314M | |
| Other non-operating income (gains on investments, FX ...) | -$11M | $42M | -$65M | -$104M | -$94M | -$141M | -$216M | -$138M | -$137M | -$61M | |
| Total non-operating income | -$88M | -$159M | -$309M | -$368M | -$395M | -$290M | -$175M | -$261M | -$256M | -$253M | |
| Income before tax | $3.66B | $4.08B | $4.09B | $4.2B | $3.74B | $3.87B | $4.04B | $3.98B | $4.54B | $5.1B | |
| Income tax | $977M | $1.17B | $727M | $718M | $571M | $616M | $646M | $669M | $758M | $893M | |
| Net income | $2.57B | $2.91B | $3.35B | $3.48B | $3.17B | $3.26B | $3.39B | $3.32B | $3.78B | $4.21B | |
| EPS (basic) | $8.44 | $9.73 | $11.33 | $12.09 | $11.04 | $11.61 | $12.31 | $12.14 | $13.81 | $15.64 | |
| EPS (diluted) | $8.29 | $9.56 | $11.18 | $11.98 | $11.00 | $11.55 | $12.19 | $12.02 | $13.63 | $15.46 | |
| Shares (basic, weighted) | 305M | 299M | 295M | 288M | 287M | 280M | 275M | 273M | 277M | 270M | |
| Shares (diluted, weighted) | 310M | 305M | 299M | 291M | 288M | 282M | 278M | 276M | 277M | 274M | |
| Depreciation & amortization | $453M | $441M | $763M | $829M | $878M | $890M | $884M | $863M | $886M | $924M | |
| EBITDA | $4.21B | $4.64B | $5.22B | $5.5B | $5.11B | $5.19B | $5.31B | $5.25B | $5.82B | $6.34B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-04, 10-Q 2026-07-05, 10-Q 2026-04-05, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
Data as of 2026-11-01