General Dynamics Corporation (GD) Financial Statements (2026 and earlier)

Company Profile

Business Address 11011 SUNSET HILLS RD
RESTON, VA 20190
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 373 - Ship And Boat Building And Repairing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3331,6971,9131,2421,6032,824
Cash and cash equivalent2,3331,6971,9131,2421,6032,824
Receivables10,78611,22511,00111,80311,53911,185
Inventory, net of allowances, customer advances and progress billings9,2329,7248,5786,3225,3405,745
Inventory9,2329,7248,5786,3225,3405,745
Other current assets1,8971,7402,1231,6961,5051,789
Total current assets:24,24824,38623,61521,06319,98721,543
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization7,5256,4676,1985,9005,4175,100
Intangible asset, including goodwill, after accumulated amortization22,38422,07622,24222,15822,07622,170
Goodwill21,00920,55620,58620,33420,09820,053
Intangible asset, excluding goodwill, after accumulated amortization1,3751,5201,6561,8241,9782,117
Other noncurrent assets3,0922,9512,7552,4642,5932,495
Total noncurrent assets:33,00131,49431,19530,52230,08629,765
TOTAL ASSETS:57,24955,88054,81051,58550,07351,308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6783,3443,0953,3983,1672,952
Accounts payable2,6783,3443,0953,3983,1672,952
Deferred revenue9,8249,4919,5647,4366,2666,276
Debt1,0061,5025071,2531,0053,003
Other liabilities3,2883,4873,2663,2543,5403,733
Total current liabilities:16,79617,82416,43215,34113,97815,964
Noncurrent Liabilities
Long-term debt and lease obligation7,0077,2608,7549,24310,4909,995
Long-term debt, excluding current maturities7,0077,2608,7549,24310,4909,995
Liabilities, other than long-term debt7,8248,7338,3258,4337,9649,688
Other liabilities7,8248,7338,3258,4337,9649,688
Total noncurrent liabilities:14,83115,99317,07917,67618,45419,683
Total liabilities:31,62733,81733,51133,01732,43235,647
Equity
Equity, attributable to parent25,62222,06321,29918,56817,64115,661
Common stock482482482482482482
Treasury stock, value(22,860)(22,450)(21,054)(20,721)(19,619)(17,893)
Additional paid in capital4,4034,0623,7603,5563,2783,124
Accumulated other comprehensive loss(483)(1,518)(1,159)(2,152)(1,920)(3,550)
Retained earnings44,08041,48739,27037,40335,42033,498
Total equity:25,62222,06321,29918,56817,64115,661
TOTAL LIABILITIES AND EQUITY:57,24955,88054,81051,58550,07351,308

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues52,55047,71642,27239,40738,46937,925
Cost of revenue(43,675)(39,466)(34,737)(31,901)(31,171)(30,722)
Gross profit:8,8758,2507,5357,5067,2987,203
Operating expenses(3,519)(3,454)(3,290)(3,295)(3,135)(3,070)
Operating income:5,3564,7964,2454,2114,1634,133
Nonoperating income616813821614194
Investment income, nonoperating   5627712
Other nonoperating income61688218913482
Interest and debt expense (24)(21)(399)(391)(431)(489)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:5,3934,8433,9844,0363,8733,738
Other undisclosed loss from continuing operations before income taxes(290)(303)    
Income from continuing operations before income taxes:5,1034,5403,9844,0363,8733,738
Income tax expense(893)(758)(669)(646)(616)(571)
Income from continuing operations:4,2103,7823,3153,3903,2573,167
Income before gain (loss) on sale of properties:✕✕✕✕✕3,2573,167
Net income available to common stockholders, diluted:4,2103,7823,3153,3903,2573,167

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:4,2103,7823,3153,3903,2573,167
Other comprehensive income (loss)1,035(359)993(232)1,630268
Comprehensive income, net of tax, attributable to parent:5,2453,4234,3083,1584,8873,435

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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