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 | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended 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.
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.