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Companies / Industrials / General Dynamics
GD

General Dynamics

IndustrialsTransportation EquipmentS&P 500
Ticker GDRESTON, VAFiscal year ends DecemberBook value per share $97.97Diluted shares 273.8M

General Dynamics (NYSE: GD) is a global aerospace and defense company that designs, engineers and manufactures business aircraft, ships, land combat vehicles, weapon systems and munitions, and provides technology products and services. Its four reportable segments are Aerospace, Marine Systems, Combat Systems and… From the company’s description.

In fiscal 2025, General Dynamics reported revenue of $52.55B, up 10.1% from fiscal 2024, and net income of $4.21B. Its operating margin was 10.2%, and operations generated $5.12B in cash. Over the twelve months to Jul 5, 2026, revenue was $54.86B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-05
Sales & profitability
$52.55BFY2025
+10.1% year over year
Last 12 mo $54.86B
10.19%FY2025
+0.1 percentage points
Last 12 mo 10.32%
$4.21BFY2025
+11.3% year over year
Last 12 mo $4.49B
16.43%FY2025
−0.7 percentage points
Last 12 mo 16.73%
Cash & financing
$5.12BFY2025
+24.5% year over year
Last 12 mo $7.71B
$3.96BFY2025
+23.9% year over year
Last 12 mo $6.45B
0.31FY2025
Was 0.40× a year earlier
Last 12 mo 0.28
272.4MFY2025
−1.8% year over year
Last 12 mo 273.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What General Dynamics does

In the company’s own words

General Dynamics (NYSE: GD) is a global aerospace and defense company that designs, engineers and manufactures business aircraft, ships, land combat vehicles, weapon systems and munitions, and provides technology products and services. Its four reportable segments are Aerospace, Marine Systems, Combat Systems and Technologies. Aerospace makes Gulfstream business jets and provides aircraft maintenance, support, fixed-base operations and completions through Gulfstream and Jet Aviation. Marine Systems designs, builds, repairs and modernizes submarines and surface ships, primarily for the U.S. Navy. Combat Systems supplies military vehicles, weapons and munitions to U.S. and allied forces. Technologies serves military, intelligence, federal civilian and state customers with IT services, cyber and communications systems, and intelligence, surveillance and reconnaissance solutions. In 2025, the segments generated 25%, 32%, 17% and 26% of revenue, respectively; total company revenue was approximately $50.7 billion. The company had approximately 117,000 employees in 2025, and the U.S. government accounted for 68% of revenue. Its website is gd.com.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
RESTON, VA
Fiscal year end
December
CIK
40533
SIC
3730

Financial performance, year by year

Fiscal 2013–2025 · USD
$-5.49B$10.97B$27.43B$43.89B$60.35B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns General Dynamics — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

922
funds hold it
1 of 35
superinvestors hold it
$28.26B
held by funds, at market
29.8%
of shares held by funds
12
bond issues held by funds

Superinvestors in General Dynamics · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
1.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · General Dynamics’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.14%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.14%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.14%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

General Dynamics’s bonds, as funds hold them

Funds report holding 12 issues of General Dynamics’s debt, $441.83M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.55%, maturing 2026 to 2050.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do General Dynamics and its peers compare on margins and cash generation over ten years?”
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