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General Dynamics GD Combat Systems — Goodwill

Other segment segments

Technologies
$14.52B+0.5%
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$3.33B+0.3%
Marine Systems
$297M0.0%

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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:Goodwill.

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 — goodwill?
General Dynamics (GD) reported combat systems — goodwill of $2.79B in Q2 2026.
How has General Dynamics's combat systems — goodwill changed year-over-year?
General Dynamics's combat systems — goodwill decreased by 1.2% year-over-year, from $2.82B to $2.79B.
What is the long-term trend for General Dynamics's combat systems — goodwill?
Over 4 years (2021 to 2025), General Dynamics's combat systems — goodwill has grown at a -0.1% compound annual growth rate (CAGR), from $11.26B to $11.23B.
What does combat systems — goodwill mean?
This represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations within the Combat Systems segment. It reflects the premium paid for intangible assets like brand reputation and market position.