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General Dynamics GD Marine Systems — Operating Earnings

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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:OperatingIncomeLoss.

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 — operating earnings?
General Dynamics (GD) reported marine systems — operating earnings of $342M in Q2 2026.
How has General Dynamics's marine systems — operating earnings changed year-over-year?
General Dynamics's marine systems — operating earnings increased by 17.5% year-over-year, from $291M to $342M.
What is the long-term trend for General Dynamics's marine systems — operating earnings?
Over 4 years (2021 to 2025), General Dynamics's marine systems — operating earnings has grown at a 7.7% compound annual growth rate (CAGR), from $874M to $1.18B.
What does marine systems — operating earnings mean?
This measures the profitability of the Marine Systems segment after deducting operating expenses from total revenue. It serves as a primary indicator of the segment's operational efficiency and core business health.