General Dynamics Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.55B | $47.72B | $42.27B | $39.41B | $38.47B | $37.93B | $39.35B | $36.19B |
| Cost of Revenue | — | — | — | — | — | — | $32.29B | $29.48B |
| Gross Profit | — | — | — | — | — | — | $7.06B | $6.72B |
| Gross Margin | — | — | — | — | — | — | 17.9% | 18.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.60B | $2.57B | $2.43B | $2.41B | $2.25B | $2.19B | $2.42B | $2.26B |
| Operating Income | $5.36B | $4.80B | $4.25B | $4.21B | $4.16B | $4.13B | $4.57B | $4.39B |
| Operating Margin | 10.2% | 10.1% | 10.0% | 10.7% | 10.8% | 10.9% | 11.6% | 12.1% |
| Interest Expense | — | — | $399.0M | $391.0M | $431.0M | $489.0M | $472.0M | $374.0M |
| Pretax Income | $5.10B | $4.54B | $3.98B | $4.04B | $3.87B | $3.74B | $4.20B | $4.09B |
| Income Tax Expense | $893.0M | $758.0M | $669.0M | $646.0M | $616.0M | $571.0M | $718.0M | $727.0M |
| Net Income | $4.21B | $3.78B | $3.32B | $3.39B | $3.26B | $3.17B | $3.48B | $3.35B |
| Net Margin | 8.0% | 7.9% | 7.8% | 8.6% | 8.5% | 8.4% | 8.9% | 9.2% |
| EPS (Basic) | $15.65 | $13.81 | $12.14 | $12.31 | $11.61 | $11.04 | $12.09 | $11.33 |
| EPS (Diluted) | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 | $11.00 | $11.98 | $11.18 |
| Shares Outstanding (Basic) | 269.1M | 273.9M | 273.1M | 275.3M | 280.4M | 286.9M | 288.3M | 295.3M |
| Shares Outstanding (Diluted) | 272.4M | 277.5M | 275.7M | 278.2M | 282.0M | 287.9M | 290.8M | 299.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |