Combat Systems — Unbilled receivables
General Dynamics Combat Systems — Unbilled receivables remained flat by 0.0% to $1.30B in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $1.30B to $1.30B. Over 4 years (FY 2021 to FY 2025), Combat Systems — Unbilled receivables shows a downward trend with a -11.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may suggest delays in billing milestones or significant work-in-progress, while a decrease indicates successful conversion to cash.
Detailed definition
This represents revenue recognized for work performed on long-term contracts for which the company has not yet issued a...
Peer comparison
Common in government contracting; peers typically manage this to optimize working capital cycles.
gd_segment_combat_systems_unbilled_receivablesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.80B | $3.00B | $2.00B | $2.40B | $2.20B | $2.30B | $1.70B | $1.40B | $1.50B | $1.30B | $1.20B | $1.20B | $1.30B | $1.40B | $1.20B | $1.30B | $1.40B | $1.30B | $1.30B | $1.30B |
| QoQ Change | — | +66.7% | -33.3% | +20.0% | -8.3% | +4.5% | -26.1% | -17.6% | +7.1% | -13.3% | -7.7% | +0.0% | +8.3% | +7.7% | -14.3% | +8.3% | +7.7% | -7.1% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +22.2% | -23.3% | -15.0% | -41.7% | -31.8% | -43.5% | -29.4% | -14.3% | -13.3% | +7.7% | +0.0% | +8.3% | +7.7% | -7.1% | +8.3% | +0.0% |
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Frequently Asked Questions
- What is General Dynamics's combat systems — unbilled receivables?
- General Dynamics (GD) reported combat systems — unbilled receivables of $1.30B in Q1 2026.
- How has General Dynamics's combat systems — unbilled receivables changed year-over-year?
- General Dynamics's combat systems — unbilled receivables decreased by 0.0% year-over-year, from $1.30B to $1.30B.
- What is the long-term trend for General Dynamics's combat systems — unbilled receivables?
- Over 4 years (2021 to 2025), General Dynamics's combat systems — unbilled receivables has grown at a -11.7% compound annual growth rate (CAGR), from $8.70B to $5.30B.
- What does combat systems — unbilled receivables mean?
- Revenue earned from work performed but not yet billed to the customer.