--- title: "General Dynamics: Metrics Guide" description: "General Dynamics revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/general-dynamics/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # General Dynamics: Financial & Operating Metrics Guide ## Direct Answer General Dynamics reported revenue of $52.5 billion for the fiscal year ended December 31, 2025, with an operating margin of 10.2% and net income of $4.2 billion, according to its SEC filings. Revenue grew 10.1% from the prior year. ## What Are General Dynamics's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $52.5 billion | $47.7 billion | $42.3 billion | $39.4 billion | | Operating income | $5.4 billion | $4.8 billion | $4.2 billion | $4.2 billion | | Operating margin | 10.2% | 10.1% | 10.0% | 10.7% | | Net income | $4.2 billion | $3.8 billion | $3.3 billion | $3.4 billion | | Net margin | 8.0% | 7.9% | 7.8% | 8.6% | | Operating cash flow | $5.1 billion | $4.1 billion | $4.7 billion | $4.6 billion | | Capital expenditures | $1.2 billion | $916 million | $904 million | $1.1 billion | | Free cash flow | $4.0 billion | $3.2 billion | $3.8 billion | $3.5 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $4.0 billion against net income of $4.2 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of General Dynamics revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $52.5 billion, operating income $5.4 billion and net income $4.2 billion.](https://www.getswoopr.com/images/charts/general-dynamics-metrics-revenue-profit.webp) *General Dynamics revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of General Dynamics operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 10.2% and net margin was 8.0%.](https://www.getswoopr.com/images/charts/general-dynamics-metrics-margins.webp) *General Dynamics operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of General Dynamics operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $5.1 billion, capital expenditures was $1.2 billion, free cash flow was $4.0 billion.](https://www.getswoopr.com/images/charts/general-dynamics-metrics-cash-flow.webp) *General Dynamics operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does General Dynamics's Balance Sheet Show? | Cash and cash equivalents | $2.3 billion | | --- | --- | | Long-term debt | $7.0 billion | | Total assets | $57.2 billion | | Total liabilities | Not reported | | Shareholders' equity | $25.6 billion | | Current ratio | 1.4x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value General Dynamics reported in its own SEC filings, read from the SEC's XBRL data (accession 0000040533-26-000006 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was General Dynamics's revenue in fiscal 2025? General Dynamics reported revenue of $52.5 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is General Dynamics's operating margin? General Dynamics's operating margin was 10.2% in fiscal 2025: operating income of $5.4 billion on revenue of $52.5 billion. ### How much free cash flow did General Dynamics generate? Operating cash flow of $5.1 billion less capital expenditures of $1.2 billion gives free cash flow of $4.0 billion for fiscal 2025. ## References - [SEC EDGAR: GENERAL DYNAMICS CORP Form 10-K filed January 30, 2026](https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm) - [SEC EDGAR: GENERAL DYNAMICS CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=40533&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [General Dynamics company dossier](https://www.getswoopr.com/stocks/companies/general-dynamics/) - [General Dynamics financial metrics](https://www.getswoopr.com/stocks/companies/general-dynamics/metrics/) - [General Dynamics financial risk indicators](https://www.getswoopr.com/stocks/companies/general-dynamics/risks/) - [General Dynamics peer comparison](https://www.getswoopr.com/stocks/companies/general-dynamics/competitors/) - [General Dynamics business model and revenue mix](https://www.getswoopr.com/stocks/companies/general-dynamics/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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