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Other financials

Income statement

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Revenue$14.1B+8.1%
Operating income$1.5B+11.9%
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$103.36B+18.1%
Enterprise value$109.82B+13.6%
P/E23×+1.6×
P/S1.9×+0.1×

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:NetIncomeLoss.

The source filing: General Dynamics’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 11:09 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000040533-26-000032
(Dollars in millions, except per-share amounts)Three Months Ended / July 5, 2026Three Months Ended / June 29, 2025
Other, net(4)15
Interest, net(49)(88)
Earnings before income tax1,4071,232
Provision for income tax, net(247)(218)
Net earnings$1,160$1,014
Earnings per share
Basic$4.29$3.78
Diluted$4.24$3.74

Item 6 - [Exhibits](#i6405665e2a3b4a7a9dbeb438be86e654_148) [44](#i6405665e2a3b4a7a9dbeb438be86e654_148)

FAQ

What is General Dynamics's net income?
General Dynamics (GD) reported net income of $1.16B in Q2 2026.
How has General Dynamics's net income changed year-over-year?
General Dynamics's net income increased by 14.4% year-over-year, from $1.01B to $1.16B.
What is the long-term trend for General Dynamics's net income?
Over 4 years (2021 to 2025), General Dynamics's net income has grown at a 6.6% compound annual growth rate (CAGR), from $3.26B to $4.21B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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