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General Dynamics GD Marine Systems — CapEx

Other segment segments

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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 marine systems — capex?
General Dynamics (GD) reported marine systems — capex of $117M in Q2 2026.
How has General Dynamics's marine systems — capex changed year-over-year?
General Dynamics's marine systems — capex increased by 4.5% year-over-year, from $112M to $117M.
What is the long-term trend for General Dynamics's marine systems — capex?
Over 4 years (2021 to 2025), General Dynamics's marine systems — capex has grown at a -2.5% compound annual growth rate (CAGR), from $573M to $517M.
What does marine systems — capex mean?
This represents the funds used by the Marine Systems segment to acquire, upgrade, and maintain physical assets such as shipyards, machinery, and specialized manufacturing equipment. It is essential for sustaining long-term production capacity.