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General Dynamics GD Combat Systems — CapEx

Other segment segments

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$117M+4.5%
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$49M+28.9%
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$35M+29.6%

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Other financials

Income statement

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Revenue$14.1B+8.1%
Operating income$1.5B+11.9%
Net income$1.2B+14.4%
EPS (diluted)$4.24+13.4%

Balance sheet

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Cash & equivalents$4.3B+185%
Total debt$10.8B+1.0%
Total equity$26.8B+13.8%
Total assets$60.2B+5.8%

Cash flow

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Operating cash flow$1.9B+17.6%
CapEx$234.0M+18.2%
Free cash flow$1.6B+17.6%

Valuation

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Market cap$103.41B+23.4%
Enterprise value$109.86B+18.2%
P/E23.1×+2.5×
P/S1.9×+0.2×

Profitability

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Gross margin17.9%
Operating margin10.3%0.0pp
Net margin8.2%+0.1pp
FCF margin11.8%+3.5pp

Returns & leverage

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Return on equity17.8%-0.1pp
Debt / equity0.4×-0.1×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by General Dynamics in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: General Dynamics’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Dynamics's combat systems — capex?
General Dynamics (GD) reported combat systems — capex of $33M in Q2 2026.
How has General Dynamics's combat systems — capex changed year-over-year?
General Dynamics's combat systems — capex increased by 83.3% year-over-year, from $18M to $33M.
What is the long-term trend for General Dynamics's combat systems — capex?
Over 4 years (2021 to 2025), General Dynamics's combat systems — capex has grown at a 9.5% compound annual growth rate (CAGR), from $100M to $144M.
What does combat systems — capex mean?
This represents the funds used by the Combat Systems segment to acquire, upgrade, and maintain physical assets such as manufacturing facilities and machinery. It reflects the segment's commitment to long-term production capacity.