{ "ticker": "GD", "cik": "0000040533", "company": "General Dynamics Corporation", "business_type": "industrial", "schema_template": "standard industrial (aerospace and defense contractor): revenue split into products and services, operating costs by line as the statement prints them, operating earnings, net earnings, EPS and weighted shares; balance sheet including contract balances (unbilled receivables, customer advances and deposits) and total debt; operating, investing and financing cash flow with capital expenditures and free cash flow; the four reportable segments plus Corporate; and funded/unfunded backlog. There is no gross profit line: the company does not report one.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); per-share amounts in dollars; share counts in actual shares. Amounts carry the sign the statements print: operating costs, net interest, income tax, capital expenditures, dividends paid, debt repayments, share purchases and other outflows are negative, and cash dividends declared are negative as deducted from retained earnings in the statement of shareholders' equity.", "units_notes_seen": { "FY2025 10-K consolidated statement of earnings": "(Dollars in millions, except per-share amounts)", "FY2025 10-K consolidated balance sheet": "(Dollars in millions)", "FY2025 10-K consolidated statement of cash flows": "(Dollars in millions)", "FY2025 10-K consolidated statement of shareholders' equity": "(Dollars in millions)", "FY2025 10-K notes (earnings per share, debt, segment information, dividends per share)": "(Dollars in millions, except share and per-share amounts or unless otherwise noted); weighted average shares table: (in thousands)", "FY2025 10-K MD&A (backlog table, free cash flow reconciliation)": "(Dollars in millions, except per-share amounts or unless otherwise noted)", "Q3 2026 10-Q consolidated statements of earnings (three months and nine months)": "(Dollars in millions, except per-share amounts)", "Q3 2026 10-Q consolidated balance sheet": "(Dollars in millions)", "Q3 2026 10-Q consolidated statement of cash flows (nine months only)": "(Dollars in millions)", "Q3 2026 10-Q consolidated statement of shareholders' equity": "(Dollars in millions)", "Q3 2026 10-Q notes (earnings per share, debt, segment information, dividends per share)": "(Dollars in millions, except share and per-share amounts or unless otherwise noted); weighted average shares table: (in thousands)", "Q3 2026 10-Q MD&A (backlog table, free cash flow reconciliation)": "(Dollars in millions, except per-share amounts or unless otherwise noted)", "Q3 2026 earnings release, Exhibit 99.1 (free cash flow table, backlog table)": "DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS (free cash flow); DOLLARS IN MILLIONS (backlog)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "none; the company reports in US dollars" }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0000040533-26-000006", "income_statement": { "revenue_products": 33021000000, "revenue_services": 19529000000, "revenue": 52550000000, "operating_costs_products": -27965000000, "operating_costs_services": -16634000000, "general_and_administrative": -2595000000, "total_operating_costs_and_expenses": -47194000000, "operating_earnings": 5356000000, "other_net": 61000000, "interest_net": -314000000, "earnings_before_income_tax": 5103000000, "provision_for_income_tax": -893000000, "net_earnings": 4210000000, "basic_eps": 15.65, "diluted_eps": 15.45, "basic_shares": 269080000, "diluted_shares": 272425000 }, "cash_flow": { "depreciation_of_property_plant_and_equipment": 680000000, "amortization_of_intangible_and_finance_lease_right_of_use_assets": 244000000, "net_cash_provided_by_operating_activities": 5120000000, "capital_expenditures": -1161000000, "net_cash_used_by_investing_activities": -1284000000, "dividends_paid": -1593000000, "repayment_of_fixed_rate_notes": -1500000000, "proceeds_from_fixed_rate_notes": 747000000, "purchases_of_common_stock": -637000000, "net_cash_used_by_financing_activities": -3190000000, "cash_and_equivalents_end_of_period": 2333000000, "free_cash_flow": 3959000000 }, "segments": { "aerospace": { "revenue": 13110000000, "operating_earnings": 1746000000 }, "marine_systems": { "revenue": 16723000000, "operating_earnings": 1177000000 }, "combat_systems": { "revenue": 9246000000, "operating_earnings": 1331000000 }, "technologies": { "revenue": 13471000000, "operating_earnings": 1277000000 }, "total": { "revenue": 52550000000, "operating_earnings": 5356000000 }, "corporate": { "operating_earnings": -175000000 } }, "balance_sheet": { "cash_and_equivalents": 2333000000, "accounts_receivable": 2406000000, "unbilled_receivables": 8380000000, "inventories": 9232000000, "other_current_assets": 1897000000, "total_current_assets": 24248000000, "property_plant_and_equipment_net": 7525000000, "intangible_assets_net": 1375000000, "goodwill": 21009000000, "other_assets": 3092000000, "total_noncurrent_assets": 33001000000, "total_assets": 57249000000, "short_term_debt_and_current_portion_of_long_term_debt": 1006000000, "accounts_payable": 2678000000, "customer_advances_and_deposits": 9824000000, "other_current_liabilities": 3288000000, "total_current_liabilities": 16796000000, "long_term_debt": 7007000000, "other_liabilities": 7824000000, "total_noncurrent_liabilities": 14831000000, "common_stock": 482000000, "surplus": 4403000000, "retained_earnings": 44080000000, "treasury_stock": -22860000000, "accumulated_other_comprehensive_loss": -483000000, "total_shareholders_equity": 25622000000, "total_debt": 8013000000, "total_liabilities": 31627000000 }, "backlog": { "funded": 93541000000, "unfunded": 24505000000, "total_backlog": 118046000000, "estimated_potential_contract_value": 60893000000, "total_estimated_contract_value": 178939000000 }, "shareholder_returns": { "cash_dividends_declared": -1617000000, "dividends_declared_per_share": 6 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0000040533-26-000006", "income_statement": { "revenue_products": 28635000000, "revenue_services": 19081000000, "revenue": 47716000000, "operating_costs_products": -24332000000, "operating_costs_services": -16020000000, "general_and_administrative": -2568000000, "total_operating_costs_and_expenses": -42920000000, "operating_earnings": 4796000000, "other_net": 68000000, "interest_net": -324000000, "earnings_before_income_tax": 4540000000, "provision_for_income_tax": -758000000, "net_earnings": 3782000000, "basic_eps": 13.81, "diluted_eps": 13.63, "basic_shares": 273858000, "diluted_shares": 277485000 }, "cash_flow": { "depreciation_of_property_plant_and_equipment": 644000000, "amortization_of_intangible_and_finance_lease_right_of_use_assets": 242000000, "net_cash_provided_by_operating_activities": 4112000000, "capital_expenditures": -916000000, "net_cash_used_by_investing_activities": -953000000, "dividends_paid": -1529000000, "repayment_of_fixed_rate_notes": -500000000, "purchases_of_common_stock": -1501000000, "net_cash_used_by_financing_activities": -3369000000, "cash_and_equivalents_end_of_period": 1697000000, "free_cash_flow": 3196000000, "proceeds_from_fixed_rate_notes": 0 }, "segments": { "aerospace": { "revenue": 11249000000, "operating_earnings": 1464000000 }, "marine_systems": { "revenue": 14343000000, "operating_earnings": 935000000 }, "combat_systems": { "revenue": 8997000000, "operating_earnings": 1276000000 }, "technologies": { "revenue": 13127000000, "operating_earnings": 1260000000 }, "total": { "revenue": 47716000000, "operating_earnings": 4796000000 }, "corporate": { "operating_earnings": -139000000 } }, "balance_sheet": { "cash_and_equivalents": 1697000000, "accounts_receivable": 2977000000, "unbilled_receivables": 8248000000, "inventories": 9724000000, "other_current_assets": 1740000000, "total_current_assets": 24386000000, "property_plant_and_equipment_net": 6467000000, "intangible_assets_net": 1520000000, "goodwill": 20556000000, "other_assets": 2951000000, "total_noncurrent_assets": 31494000000, "total_assets": 55880000000, "short_term_debt_and_current_portion_of_long_term_debt": 1502000000, "accounts_payable": 3344000000, "customer_advances_and_deposits": 9491000000, "other_current_liabilities": 3487000000, "total_current_liabilities": 17824000000, "long_term_debt": 7260000000, "other_liabilities": 8733000000, "total_noncurrent_liabilities": 15993000000, "common_stock": 482000000, "surplus": 4062000000, "retained_earnings": 41487000000, "treasury_stock": -22450000000, "accumulated_other_comprehensive_loss": -1518000000, "total_shareholders_equity": 22063000000, "total_debt": 8762000000, "total_liabilities": 33817000000 }, "backlog": { "funded": 75144000000, "unfunded": 15453000000, "total_backlog": 90597000000, "estimated_potential_contract_value": 53368000000, "total_estimated_contract_value": 143965000000 }, "shareholder_returns": { "cash_dividends_declared": -1565000000, "dividends_declared_per_share": 5.68 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0000040533-26-000006", "income_statement": { "revenue_products": 24595000000, "revenue_services": 17677000000, "revenue": 42272000000, "operating_costs_products": -20591000000, "operating_costs_services": -15009000000, "general_and_administrative": -2427000000, "total_operating_costs_and_expenses": -38027000000, "operating_earnings": 4245000000, "other_net": 82000000, "interest_net": -343000000, "earnings_before_income_tax": 3984000000, "provision_for_income_tax": -669000000, "net_earnings": 3315000000, "basic_eps": 12.14, "diluted_eps": 12.02, "basic_shares": 273143000, "diluted_shares": 275725000 }, "cash_flow": { "depreciation_of_property_plant_and_equipment": 608000000, "amortization_of_intangible_and_finance_lease_right_of_use_assets": 255000000, "net_cash_provided_by_operating_activities": 4710000000, "capital_expenditures": -904000000, "net_cash_used_by_investing_activities": -941000000, "dividends_paid": -1428000000, "repayment_of_fixed_rate_notes": -1250000000, "purchases_of_common_stock": -434000000, "net_cash_used_by_financing_activities": -3094000000, "cash_and_equivalents_end_of_period": 1913000000, "free_cash_flow": 3806000000, "proceeds_from_fixed_rate_notes": 0 }, "segments": { "aerospace": { "revenue": 8621000000, "operating_earnings": 1182000000 }, "marine_systems": { "revenue": 12461000000, "operating_earnings": 874000000 }, "combat_systems": { "revenue": 8268000000, "operating_earnings": 1147000000 }, "technologies": { "revenue": 12922000000, "operating_earnings": 1202000000 }, "total": { "revenue": 42272000000, "operating_earnings": 4245000000 }, "corporate": { "operating_earnings": -160000000 } }, "shareholder_returns": { "cash_dividends_declared": -1448000000, "dividends_declared_per_share": 5.28 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-07-06", "period_end": "2026-10-04", "period_type": "three months", "source_accession": "0000040533-26-000038", "cash_flow_source_accession": "0000040533-26-000036", "income_statement": { "revenue_products": 9024000000, "revenue_services": 5542000000, "revenue": 14566000000, "operating_costs_products": -7558000000, "operating_costs_services": -4759000000, "general_and_administrative": -722000000, "total_operating_costs_and_expenses": -13039000000, "operating_earnings": 1527000000, "other_net": 4000000, "interest_net": -45000000, "earnings_before_income_tax": 1486000000, "provision_for_income_tax": -257000000, "net_earnings": 1229000000, "basic_eps": 4.55, "diluted_eps": 4.49, "basic_shares": 270228000, "diluted_shares": 273778000 }, "balance_sheet": { "cash_and_equivalents": 4388000000, "accounts_receivable": 2529000000, "unbilled_receivables": 8906000000, "inventories": 9124000000, "other_current_assets": 1926000000, "total_current_assets": 26873000000, "property_plant_and_equipment_net": 7853000000, "intangible_assets_net": 1231000000, "goodwill": 20849000000, "other_assets": 3399000000, "total_noncurrent_assets": 33332000000, "total_assets": 60205000000, "short_term_debt_and_current_portion_of_long_term_debt": 756000000, "accounts_payable": 3166000000, "customer_advances_and_deposits": 11083000000, "other_current_liabilities": 3821000000, "total_current_liabilities": 18826000000, "long_term_debt": 6260000000, "other_liabilities": 7827000000, "total_noncurrent_liabilities": 14087000000, "common_stock": 482000000, "surplus": 4646000000, "retained_earnings": 46299000000, "treasury_stock": -23403000000, "accumulated_other_comprehensive_loss": -732000000, "total_shareholders_equity": 27292000000, "total_debt": 7016000000, "total_liabilities": 32913000000 }, "segments": { "aerospace": { "revenue": 3536000000, "operating_earnings": 513000000 }, "marine_systems": { "revenue": 4960000000, "operating_earnings": 391000000 }, "combat_systems": { "revenue": 2386000000, "operating_earnings": 330000000 }, "technologies": { "revenue": 3684000000, "operating_earnings": 346000000 }, "corporate": { "operating_earnings": -53000000 }, "total": { "revenue": 14566000000, "operating_earnings": 1527000000 } }, "backlog": { "funded": 111796000000, "unfunded": 108543000000, "total_backlog": 220339000000, "estimated_potential_contract_value": 50330000000, "total_estimated_contract_value": 270669000000 }, "cash_flow": { "net_cash_provided_by_operating_activities": 1710000000, "capital_expenditures": -481000000, "free_cash_flow": 1229000000 }, "shareholder_returns": { "cash_dividends_declared": -432000000, "dividends_declared_per_share": 1.59, "dividends_paid": -429000000 } }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-06-30", "period_end": "2025-09-28", "period_type": "three months", "source_accession": "0000040533-26-000038", "cash_flow_source_accession": "0000040533-26-000036", "backlog_source_accession": "0000040533-26-000036", "income_statement": { "revenue_products": 8021000000, "revenue_services": 4886000000, "revenue": 12907000000, "operating_costs_products": -6788000000, "operating_costs_services": -4151000000, "general_and_administrative": -637000000, "total_operating_costs_and_expenses": -11576000000, "operating_earnings": 1331000000, "other_net": 15000000, "interest_net": -74000000, "earnings_before_income_tax": 1272000000, "provision_for_income_tax": -213000000, "net_earnings": 1059000000, "basic_eps": 3.93, "diluted_eps": 3.88, "basic_shares": 269232000, "diluted_shares": 272640000 }, "segments": { "aerospace": { "revenue": 3234000000, "operating_earnings": 430000000 }, "marine_systems": { "revenue": 4096000000, "operating_earnings": 291000000 }, "combat_systems": { "revenue": 2252000000, "operating_earnings": 335000000 }, "technologies": { "revenue": 3325000000, "operating_earnings": 327000000 }, "corporate": { "operating_earnings": -52000000 }, "total": { "revenue": 12907000000, "operating_earnings": 1331000000 } }, "backlog": { "funded": 85734000000, "unfunded": 24123000000, "total_backlog": 109857000000, "estimated_potential_contract_value": 57880000000, "total_estimated_contract_value": 167737000000 }, "cash_flow": { "net_cash_provided_by_operating_activities": 2109000000, "capital_expenditures": -212000000, "free_cash_flow": 1897000000 }, "shareholder_returns": { "cash_dividends_declared": -409000000, "dividends_declared_per_share": 1.5, "dividends_paid": -403000000 } } ], "year_to_date": { "fiscal_year": 2026, "label": "Nine months ended October 4, 2026", "period_start": "2026-01-01", "period_end": "2026-10-04", "period_type": "nine months", "source_accession": "0000040533-26-000038", "prior_year_comparative": { "fiscal_year": 2025, "label": "Nine months ended September 28, 2025", "period_start": "2025-01-01", "period_end": "2025-09-28", "period_type": "nine months", "source_accession": "0000040533-26-000038", "income_statement": { "revenue_products": 23367000000, "revenue_services": 14804000000, "revenue": 38171000000, "operating_costs_products": -19752000000, "operating_costs_services": -12609000000, "general_and_administrative": -1906000000, "total_operating_costs_and_expenses": -34267000000, "operating_earnings": 3904000000, "other_net": 51000000, "interest_net": -251000000, "earnings_before_income_tax": 3704000000, "provision_for_income_tax": -637000000, "net_earnings": 3067000000, "basic_eps": 11.41, "diluted_eps": 11.29, "basic_shares": 268803000, "diluted_shares": 271750000 }, "cash_flow": { "depreciation_of_property_plant_and_equipment": 490000000, "amortization_of_intangible_and_finance_lease_right_of_use_assets": 182000000, "net_cash_provided_by_operating_activities": 3559000000, "capital_expenditures": -552000000, "net_cash_used_by_investing_activities": -422000000, "dividends_paid": -1188000000, "repayment_of_fixed_rate_notes": -1500000000, "purchases_of_common_stock": -600000000, "net_cash_used_by_financing_activities": -2306000000, "cash_and_equivalents_end_of_period": 2520000000, "free_cash_flow": 3007000000, "proceeds_from_fixed_rate_notes": 747000000 }, "segments": { "aerospace": { "revenue": 9322000000, "operating_earnings": 1265000000 }, "marine_systems": { "revenue": 11905000000, "operating_earnings": 832000000 }, "combat_systems": { "revenue": 6711000000, "operating_earnings": 950000000 }, "technologies": { "revenue": 10233000000, "operating_earnings": 987000000 }, "corporate": { "operating_earnings": -130000000 }, "total": { "revenue": 38171000000, "operating_earnings": 3904000000 } }, "shareholder_returns": { "cash_dividends_declared": -1209000000, "dividends_declared_per_share": 4.5 } }, "income_statement": { "revenue_products": 26020000000, "revenue_services": 16121000000, "revenue": 42141000000, "operating_costs_products": -21838000000, "operating_costs_services": -13728000000, "general_and_administrative": -2168000000, "total_operating_costs_and_expenses": -37734000000, "operating_earnings": 4407000000, "other_net": 18000000, "interest_net": -163000000, "earnings_before_income_tax": 4262000000, "provision_for_income_tax": -748000000, "net_earnings": 3514000000, "basic_eps": 13.01, "diluted_eps": 12.83, "basic_shares": 270186000, "diluted_shares": 273808000 }, "cash_flow": { "depreciation_of_property_plant_and_equipment": 525000000, "amortization_of_intangible_and_finance_lease_right_of_use_assets": 173000000, "net_cash_provided_by_operating_activities": 5745000000, "capital_expenditures": -918000000, "net_cash_used_by_investing_activities": -900000000, "dividends_paid": -1263000000, "repayment_of_fixed_rate_notes": -1000000000, "purchases_of_common_stock": -604000000, "net_cash_used_by_financing_activities": -2780000000, "cash_and_equivalents_end_of_period": 4388000000, "free_cash_flow": 4827000000, "proceeds_from_fixed_rate_notes": 0 }, "segments": { "aerospace": { "revenue": 10340000000, "operating_earnings": 1516000000 }, "marine_systems": { "revenue": 13963000000, "operating_earnings": 1049000000 }, "combat_systems": { "revenue": 6959000000, "operating_earnings": 958000000 }, "technologies": { "revenue": 10879000000, "operating_earnings": 1024000000 }, "corporate": { "operating_earnings": -140000000 }, "total": { "revenue": 42141000000, "operating_earnings": 4407000000 } }, "shareholder_returns": { "cash_dividends_declared": -1295000000, "dividends_declared_per_share": 4.77 } }, "trailing_twelve_months": { "label": "Twelve months ended October 4, 2026", "period_start": "2025-09-29", "period_end": "2026-10-04", "period_type": "trailing twelve months", "source_accession": "0000040533-26-000038", "derived_from_accessions": [ "0000040533-26-000006", "0000040533-26-000038" ], "income_statement": { "revenue_products": 35674000000, "revenue_services": 20846000000, "revenue": 56520000000, "operating_costs_products": -30051000000, "operating_costs_services": -17753000000, "general_and_administrative": -2857000000, "total_operating_costs_and_expenses": -50661000000, "operating_earnings": 5859000000, "other_net": 28000000, "interest_net": -226000000, "earnings_before_income_tax": 5661000000, "provision_for_income_tax": -1004000000, "net_earnings": 4657000000 }, "cash_flow": { "net_cash_provided_by_operating_activities": 7306000000, "capital_expenditures": -1527000000, "free_cash_flow": 5779000000, "dividends_paid": -1668000000 } }, "notes": [ "Sources: annual figures for 2025, 2024 and 2023 come from the FY2025 Form 10-K (accession 0000040533-26-000006); the balance sheet is reported for December 31, 2025 and 2024 only, which is why FY2023 carries no balance sheet or backlog. Third-quarter, nine-month and October 4, 2026 balance-sheet figures come from the Q3 2026 Form 10-Q (accession 0000040533-26-000038).", "General Dynamics closes its fiscal quarters on a Sunday near the calendar quarter-end while its fiscal year ends December 31. The third quarter of 2026 ran from July 6 to October 4, 2026, and the third quarter of 2025 from June 30 to September 28, 2025; the nine-month periods began January 1. The dates come from the period headings in the 10-Q and its statement of shareholders' equity, whose quarter-opening balances are dated July 5, 2026 and June 29, 2025.", "The 10-Q's cash flow statement covers only the nine-month periods. The three-month operating cash flow, capital expenditures and free cash flow for Q3 2026 and Q3 2025 come from the free cash flow table in the company's third-quarter 2026 earnings release, furnished as Exhibit 99.1 to the Form 8-K filed October 30, 2026 (accession 0000040533-26-000036). Three-month capital expenditures ($481 million and $212 million) also appear in the 10-Q's segment note.", "Free cash flow is the company's own non-GAAP measure, defined as net cash provided by operating activities less capital expenditures. The annual and nine-month figures are taken from the reconciliation tables in the 10-K and 10-Q.", "The company reports no gross profit line, so none is given here. Operating costs and expenses are shown as the statement of earnings prints them: products, services, and general and administrative.", "total_liabilities is not a line on the company's balance sheet. It is calculated here as total current liabilities plus total noncurrent liabilities, and with total shareholders' equity it ties to total liabilities and shareholders' equity in every period. total_debt is the carrying amount reported in the debt note (principal less unamortized issuance costs and discounts) and equals short-term debt plus long-term debt on the balance sheet.", "The trailing twelve months ended October 4, 2026 are calculated as FY2025 plus the nine months ended October 4, 2026 less the nine months ended September 28, 2025. Because the fiscal calendar shifted, this window runs from September 29, 2025 to October 4, 2026, which is 53 weeks. No trailing per-share figure is given, because earnings per share cannot be added across periods.", "Segment figures are the four reportable segments (Aerospace, Marine Systems, Combat Systems and Technologies) plus Corporate operating costs, from the segment-information notes. Segment revenue sums to consolidated revenue, and segment operating earnings plus Corporate sum to consolidated operating earnings.", "Backlog equals the company's remaining performance obligations. Estimated potential contract value is management's estimate of additional value in unfunded IDIQ contracts and unexercised options, and is not part of backlog. Backlog for December 31, 2025 and 2024 comes from the 10-K, for October 4, 2026 from the 10-Q, and for September 28, 2025 from the backlog table in the Q3 2026 earnings release (accession 0000040533-26-000036). Total backlog rose from $136.5 billion at July 5, 2026 to $220.3 billion at October 4, 2026, which the 10-Q attributes mainly to Marine Systems awards for Virginia-class and Columbia-class submarines.", "Dividends declared per share and three-month dividends paid come from the dividends-per-share disclosures in the 10-K and 10-Q notes. Cash dividends declared in total come from the statement of shareholders' equity.", "No stock split, currency conversion or ADR adjustment applies. General Dynamics is a US domestic filer that reports in US dollars, and its common stock trades directly on the New York Stock Exchange." ], "uncertainties": [ "The three-month cash flow figures for Q3 2026 and Q3 2025 are not in the 10-Q. They come from the earnings release's non-GAAP free cash flow table. The release contains no full three-month cash flow statement, so three-month investing and financing totals are not given." ], "headline": { "period": "Q3 FY2026", "period_end_words": "October 4, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 14566000000, "text": "$14.57 billion", "exact": "$14,566,000,000", "compact": "$14.57B", "abs": "$14.57 billion", "prior_value": 12907000000, "prior": "$12.91 billion", "priorabs": "$12.91 billion", "yoy": "up 12.9%", "source": { "array": "quarterly", "field": "income_statement.revenue", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-10-04", "period_start": "2026-07-06", "span_days": 90, "source_accession": "0000040533-26-000038", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-28", "prior_period_start": "2025-06-30", "prior_span_days": 90, "prior_source_accession": "0000040533-26-000038", "gap_days": 371 } }, { "label": "Net earnings", "format": "usd", "value": 1229000000, "text": "$1.23 billion", "exact": "$1,229,000,000", "compact": "$1.23B", "abs": "$1.23 billion", "prior_value": 1059000000, "prior": "$1.06 billion", "priorabs": "$1.06 billion", "yoy": "up 16.1%", "source": { "array": "quarterly", "field": "income_statement.net_earnings", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-10-04", "period_start": "2026-07-06", "span_days": 90, "source_accession": "0000040533-26-000038", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-28", "prior_period_start": "2025-06-30", "prior_span_days": 90, "prior_source_accession": "0000040533-26-000038", "gap_days": 371 } }, { "label": "Diluted EPS", "format": "eps", "value": 4.49, "text": "$4.49", "exact": "$4.49", "compact": "$4.49", "abs": "$4.49", "prior_value": 3.88, "prior": "$3.88", "priorabs": "$3.88", "yoy": "up 15.7%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-10-04", "period_start": "2026-07-06", "span_days": 90, "source_accession": "0000040533-26-000038", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-28", "prior_period_start": "2025-06-30", "prior_span_days": 90, "prior_source_accession": "0000040533-26-000038", "gap_days": 371 } }, { "label": "Total backlog", "format": "usd", "value": 220339000000, "text": "$220.34 billion", "exact": "$220,339,000,000", "compact": "$220.34B", "abs": "$220.34 billion", "prior_value": 109857000000, "prior": "$109.86 billion", "priorabs": "$109.86 billion", "yoy": "up 100.6%", "source": { "array": "quarterly", "field": "backlog.total_backlog", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-10-04", "period_start": "2026-07-06", "span_days": 90, "source_accession": "0000040533-26-000038", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-28", "prior_period_start": "2025-06-30", "prior_span_days": 90, "prior_source_accession": "0000040533-26-000036", "gap_days": 371 } }, { "label": "Marine Systems revenue", "format": "usd", "value": 4960000000, "text": "$4.96 billion", "exact": "$4,960,000,000", "compact": "$4.96B", "abs": "$4.96 billion", "prior_value": 4096000000, "prior": "$4.10 billion", "priorabs": "$4.10 billion", "yoy": "up 21.1%", "source": { "array": "quarterly", "field": "segments.marine_systems.revenue", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-10-04", "period_start": "2026-07-06", "span_days": 90, "source_accession": "0000040533-26-000038", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-28", "prior_period_start": "2025-06-30", "prior_span_days": 90, "prior_source_accession": "0000040533-26-000038", "gap_days": 371 } } ], "summary": "General Dynamics reported $14.57 billion in revenue for Q3 FY2026, the quarter ended October 4, 2026, up 12.9% from a year earlier, and net earnings of $1.23 billion, up 16.1%, or $4.49 per diluted share. Revenue rose in all four segments, led by Marine Systems at $4.96 billion, up 21.1%. Large Virginia- and Columbia-class submarine awards lifted total backlog to $220.34 billion at quarter end, up 100.6% from a year earlier.", "qa": [ { "q": "How much revenue did General Dynamics report in Q3 FY2026?", "a": "General Dynamics reported $14.57 billion in revenue for Q3 FY2026, the quarter ended October 4, 2026. That is up 12.9% from $12.91 billion in the same quarter a year earlier." }, { "q": "What were General Dynamics' earnings per share in Q3 FY2026?", "a": "General Dynamics earned $4.49 per diluted share in Q3 FY2026, compared with $3.88 a year earlier. Net earnings were $1.23 billion, up 16.1% from $1.06 billion." }, { "q": "How big is General Dynamics' backlog?", "a": "General Dynamics had total backlog of $220.34 billion at October 4, 2026, up 100.6% from $109.86 billion a year earlier, driven by large Virginia- and Columbia-class submarine awards." }, { "q": "How did General Dynamics' Marine Systems segment perform in Q3 FY2026?", "a": "General Dynamics' Marine Systems segment, which builds nuclear-powered submarines and surface warships, reported revenue of $4.96 billion in Q3 FY2026, up 21.1% from $4.10 billion a year earlier." } ] }, "company_details": { "Name": "General Dynamics Corp", "Ticker": "GD", "CIK": "0000040533", "Exchange": "NYSE", "State": "Virginia", "Incorporation": "Delaware", "SIC": "3730", "Office": "Manufacturing", "Industry": "Ship & Boat Building & Repairing" }, "next_filing": { "predicted_date": "2027-01-29", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-10-04", "form": "10-Q", "accession": "0000040533-26-000038", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-01-30", "accession": "0000040533-26-000006", "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-10-04", "filed": "2026-10-30", "accession": "0000040533-26-000038", "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000038/gd-20261004.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. This block mirrors the paths of the figures: figure_sources.annual[0].income_statement.net_income is the source of annual[0].income_statement.net_income. Each entry reads '#', and the link is documents[] + '#': it opens the filing at the line that prints that number. A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm", "d2": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000038/gd-20261004.htm" }, "annual": [ { "period_end": "2025-12-31", "income_statement": { "revenue_products": "d1#f-51", "revenue_services": "d1#f-54", "revenue": "d1#f-57", "operating_costs_products": "d1#f-60", "operating_costs_services": "d1#f-63", "general_and_administrative": "d1#f-66", "total_operating_costs_and_expenses": "d1#f-69", "operating_earnings": "d1#f-72", "other_net": "d1#f-75", "interest_net": "d1#f-78", "earnings_before_income_tax": "d1#f-81", "provision_for_income_tax": "d1#f-84", "net_earnings": "d1#f-87", "basic_eps": "d1#f-90", "diluted_eps": "d1#f-93", "basic_shares": "d1#f-593", "diluted_shares": "d1#f-599" }, "cash_flow": { "depreciation_of_property_plant_and_equipment": "d1#f-179", "amortization_of_intangible_and_finance_lease_right_of_use_assets": "d1#f-182", "net_cash_provided_by_operating_activities": "d1#f-209", "capital_expenditures": "d1#f-1300", "net_cash_used_by_investing_activities": "d1#f-218", "dividends_paid": "d1#f-221", "repayment_of_fixed_rate_notes": "d1#f-224", "proceeds_from_fixed_rate_notes": "d1#f-227", "purchases_of_common_stock": "d1#f-230", "net_cash_used_by_financing_activities": "d1#f-236", "cash_and_equivalents_end_of_period": "d1#f-120" }, "segments": { "aerospace": { "revenue": "d1#f-499", "operating_earnings": "d1#f-1207" }, "marine_systems": { "revenue": "d1#f-500", "operating_earnings": "d1#f-1216" }, "combat_systems": { "revenue": "d1#f-501", "operating_earnings": "d1#f-1225" }, "technologies": { "revenue": "d1#f-502", "operating_earnings": "d1#f-1234" }, "total": { "revenue": "d1#f-57", "operating_earnings": "d1#f-72" }, "corporate": { "operating_earnings": "d1#f-866" } }, "balance_sheet": { "cash_and_equivalents": "d1#f-120", "accounts_receivable": "d1#f-122", "unbilled_receivables": "d1#f-124", "inventories": "d1#f-126", "other_current_assets": "d1#f-128", "total_current_assets": "d1#f-130", "property_plant_and_equipment_net": "d1#f-132", "intangible_assets_net": "d1#f-134", "goodwill": "d1#f-136", "other_assets": "d1#f-138", "total_noncurrent_assets": "d1#f-140", "total_assets": "d1#f-142", "short_term_debt_and_current_portion_of_long_term_debt": "d1#f-1055", "accounts_payable": "d1#f-146", "customer_advances_and_deposits": "d1#f-148", "other_current_liabilities": "d1#f-150", "total_current_liabilities": "d1#f-152", "long_term_debt": "d1#f-154", "other_liabilities": "d1#f-156", "total_noncurrent_liabilities": "d1#f-160", "common_stock": "d1#f-162", "surplus": "d1#f-164", "retained_earnings": "d1#f-166", "treasury_stock": "d1#f-168", "accumulated_other_comprehensive_loss": "d1#f-170", "total_shareholders_equity": "d1#f-172", "total_debt": "d1#f-1042" }, "shareholder_returns": { "cash_dividends_declared": "d1#f-294", "dividends_declared_per_share": "d1#f-1137" } }, { "period_end": "2024-12-31", "income_statement": { "revenue_products": "d1#f-52", "revenue_services": "d1#f-55", "revenue": "d1#f-58", "operating_costs_products": "d1#f-61", "operating_costs_services": "d1#f-64", "general_and_administrative": "d1#f-67", "total_operating_costs_and_expenses": "d1#f-70", "operating_earnings": "d1#f-73", "other_net": "d1#f-76", "interest_net": "d1#f-79", "earnings_before_income_tax": "d1#f-82", "provision_for_income_tax": "d1#f-85", "net_earnings": "d1#f-88", "basic_eps": "d1#f-91", "diluted_eps": "d1#f-94", "basic_shares": "d1#f-594", "diluted_shares": "d1#f-600" }, "cash_flow": { "depreciation_of_property_plant_and_equipment": "d1#f-180", "amortization_of_intangible_and_finance_lease_right_of_use_assets": "d1#f-183", "net_cash_provided_by_operating_activities": "d1#f-210", "capital_expenditures": "d1#f-1301", "net_cash_used_by_investing_activities": "d1#f-219", "dividends_paid": "d1#f-222", "repayment_of_fixed_rate_notes": "d1#f-225", "purchases_of_common_stock": "d1#f-231", "net_cash_used_by_financing_activities": "d1#f-237", "cash_and_equivalents_end_of_period": "d1#f-121" }, "segments": { "aerospace": { "revenue": "d1#f-539", "operating_earnings": "d1#f-1208" }, "marine_systems": { "revenue": "d1#f-540", "operating_earnings": "d1#f-1217" }, "combat_systems": { "revenue": "d1#f-541", "operating_earnings": "d1#f-1226" }, "technologies": { "revenue": "d1#f-542", "operating_earnings": "d1#f-1235" }, "total": { "revenue": "d1#f-58", "operating_earnings": "d1#f-73" }, "corporate": { "operating_earnings": "d1#f-1244" } }, "balance_sheet": { "cash_and_equivalents": "d1#f-121", "accounts_receivable": "d1#f-123", "unbilled_receivables": "d1#f-125", "inventories": "d1#f-127", "other_current_assets": "d1#f-129", "total_current_assets": "d1#f-131", "property_plant_and_equipment_net": "d1#f-133", "intangible_assets_net": "d1#f-135", "goodwill": "d1#f-137", "other_assets": "d1#f-139", "total_noncurrent_assets": "d1#f-141", "total_assets": "d1#f-143", "short_term_debt_and_current_portion_of_long_term_debt": "d1#f-145", "accounts_payable": "d1#f-147", "customer_advances_and_deposits": "d1#f-149", "other_current_liabilities": "d1#f-151", "total_current_liabilities": "d1#f-153", "long_term_debt": "d1#f-155", "other_liabilities": "d1#f-157", "total_noncurrent_liabilities": "d1#f-161", "common_stock": "d1#f-163", "surplus": "d1#f-165", "retained_earnings": "d1#f-167", "treasury_stock": "d1#f-169", "accumulated_other_comprehensive_loss": "d1#f-171", "total_shareholders_equity": "d1#f-173", "total_debt": "d1#f-1043" }, "shareholder_returns": { "cash_dividends_declared": "d1#f-277", "dividends_declared_per_share": "d1#f-1138" } }, { "period_end": "2023-12-31", "income_statement": { "revenue_products": "d1#f-53", "revenue_services": "d1#f-56", "revenue": "d1#f-59", "operating_costs_products": "d1#f-62", "operating_costs_services": "d1#f-65", "general_and_administrative": "d1#f-68", "total_operating_costs_and_expenses": "d1#f-71", "operating_earnings": "d1#f-74", "other_net": "d1#f-77", "interest_net": "d1#f-80", "earnings_before_income_tax": "d1#f-83", "provision_for_income_tax": "d1#f-86", "net_earnings": "d1#f-89", "basic_eps": "d1#f-92", "diluted_eps": "d1#f-95", "basic_shares": "d1#f-595", "diluted_shares": "d1#f-601" }, "cash_flow": { "depreciation_of_property_plant_and_equipment": "d1#f-181", "amortization_of_intangible_and_finance_lease_right_of_use_assets": "d1#f-184", "net_cash_provided_by_operating_activities": "d1#f-211", "capital_expenditures": "d1#f-1302", "net_cash_used_by_investing_activities": "d1#f-220", "dividends_paid": "d1#f-223", "repayment_of_fixed_rate_notes": "d1#f-226", "purchases_of_common_stock": "d1#f-232", "net_cash_used_by_financing_activities": "d1#f-238", "cash_and_equivalents_end_of_period": "d1#f-246" }, "segments": { "aerospace": { "revenue": "d1#f-579", "operating_earnings": "d1#f-1209" }, "marine_systems": { "revenue": "d1#f-580", "operating_earnings": "d1#f-1218" }, "combat_systems": { "revenue": "d1#f-581", "operating_earnings": "d1#f-1227" }, "technologies": { "revenue": "d1#f-582", "operating_earnings": "d1#f-1236" }, "total": { "revenue": "d1#f-59", "operating_earnings": "d1#f-74" }, "corporate": { "operating_earnings": "d1#f-1245" } }, "shareholder_returns": { "cash_dividends_declared": "d1#f-260", "dividends_declared_per_share": "d1#f-1139" } } ], "quarterly": [ { "period_end": "2026-10-04", "income_statement": { "revenue_products": "d2#f-30", "revenue_services": "d2#f-32", "revenue": "d2#f-34", "operating_costs_products": "d2#f-36", "operating_costs_services": "d2#f-38", "general_and_administrative": "d2#f-40", "total_operating_costs_and_expenses": "d2#f-42", "operating_earnings": "d2#f-44", "other_net": "d2#f-46", "interest_net": "d2#f-48", "earnings_before_income_tax": "d2#f-50", "provision_for_income_tax": "d2#f-52", "net_earnings": "d2#f-54", "basic_eps": "d2#f-56", "diluted_eps": "d2#f-58", "basic_shares": "d2#f-675", "diluted_shares": "d2#f-683" }, "balance_sheet": { "cash_and_equivalents": "d2#f-122", "accounts_receivable": "d2#f-124", "unbilled_receivables": "d2#f-126", "inventories": "d2#f-128", "other_current_assets": "d2#f-130", "total_current_assets": "d2#f-132", "property_plant_and_equipment_net": "d2#f-134", "intangible_assets_net": "d2#f-136", "goodwill": "d2#f-138", "other_assets": "d2#f-140", "total_noncurrent_assets": "d2#f-142", "total_assets": "d2#f-144", "short_term_debt_and_current_portion_of_long_term_debt": "d2#f-146", "accounts_payable": "d2#f-148", "customer_advances_and_deposits": "d2#f-150", "other_current_liabilities": "d2#f-152", "total_current_liabilities": "d2#f-154", "long_term_debt": "d2#f-156", "other_liabilities": "d2#f-158", "total_noncurrent_liabilities": "d2#f-162", "common_stock": "d2#f-164", "surplus": "d2#f-166", "retained_earnings": "d2#f-168", "treasury_stock": "d2#f-170", "accumulated_other_comprehensive_loss": "d2#f-172", "total_shareholders_equity": "d2#f-174", "total_debt": "d2#f-829" }, "segments": { "aerospace": { "revenue": "d2#f-541", "operating_earnings": "d2#f-943" }, "marine_systems": { "revenue": "d2#f-542", "operating_earnings": "d2#f-949" }, "combat_systems": { "revenue": "d2#f-543", "operating_earnings": "d2#f-955" }, "technologies": { "revenue": "d2#f-544", "operating_earnings": "d2#f-961" }, "corporate": { "operating_earnings": "d2#f-967" }, "total": { "revenue": "d2#f-34", "operating_earnings": "d2#f-44" } }, "cash_flow": { "capital_expenditures": "d2#f-1041", "free_cash_flow": "d2#f-239" }, "shareholder_returns": { "cash_dividends_declared": "d2#f-241", "dividends_declared_per_share": "d2#f-886", "dividends_paid": "d2#f-890" } }, { "period_end": "2025-09-28", "income_statement": { "revenue_products": "d2#f-31", "revenue_services": "d2#f-33", "revenue": "d2#f-35", "operating_costs_products": "d2#f-37", "operating_costs_services": "d2#f-39", "general_and_administrative": "d2#f-41", "total_operating_costs_and_expenses": "d2#f-43", "operating_earnings": "d2#f-45", "other_net": "d2#f-47", "interest_net": "d2#f-49", "earnings_before_income_tax": "d2#f-51", "provision_for_income_tax": "d2#f-53", "net_earnings": "d2#f-55", "basic_eps": "d2#f-57", "diluted_eps": "d2#f-59", "basic_shares": "d2#f-676", "diluted_shares": "d2#f-684" }, "segments": { "aerospace": { "revenue": "d2#f-581", "operating_earnings": "d2#f-944" }, "marine_systems": { "revenue": "d2#f-582", "operating_earnings": "d2#f-950" }, "combat_systems": { "revenue": "d2#f-583", "operating_earnings": "d2#f-956" }, "technologies": { "revenue": "d2#f-584", "operating_earnings": "d2#f-962" }, "corporate": { "operating_earnings": "d2#f-968" }, "total": { "revenue": "d2#f-35", "operating_earnings": "d2#f-45" } }, "cash_flow": { "capital_expenditures": "d2#f-1042" }, "shareholder_returns": { "cash_dividends_declared": "d2#f-264", "dividends_declared_per_share": "d2#f-888", "dividends_paid": "d2#f-892" } } ], "year_to_date": { "income_statement": { "revenue_products": "d2#f-60", "revenue_services": "d2#f-62", "revenue": "d2#f-64", "operating_costs_products": "d2#f-66", "operating_costs_services": "d2#f-68", "general_and_administrative": "d2#f-70", "total_operating_costs_and_expenses": "d2#f-72", "operating_earnings": "d2#f-74", "other_net": "d2#f-76", "interest_net": "d2#f-78", "earnings_before_income_tax": "d2#f-80", "provision_for_income_tax": "d2#f-82", "net_earnings": "d2#f-84", "basic_eps": "d2#f-86", "diluted_eps": "d2#f-88", "basic_shares": "d2#f-677", "diluted_shares": "d2#f-685" }, "cash_flow": { "depreciation_of_property_plant_and_equipment": "d2#f-180", "amortization_of_intangible_and_finance_lease_right_of_use_assets": "d2#f-182", "net_cash_provided_by_operating_activities": "d2#f-200", "capital_expenditures": "d2#f-1067", "net_cash_used_by_investing_activities": "d2#f-206", "dividends_paid": "d2#f-208", "repayment_of_fixed_rate_notes": "d2#f-210", "purchases_of_common_stock": "d2#f-212", "net_cash_used_by_financing_activities": "d2#f-218", "cash_and_equivalents_end_of_period": "d2#f-122" }, "segments": { "aerospace": { "revenue": "d2#f-621", "operating_earnings": "d2#f-979" }, "marine_systems": { "revenue": "d2#f-622", "operating_earnings": "d2#f-985" }, "combat_systems": { "revenue": "d2#f-623", "operating_earnings": "d2#f-991" }, "technologies": { "revenue": "d2#f-624", "operating_earnings": "d2#f-997" }, "corporate": { "operating_earnings": "d2#f-1003" }, "total": { "revenue": "d2#f-64", "operating_earnings": "d2#f-74" } }, "shareholder_returns": { "cash_dividends_declared": "d2#f-287", "dividends_declared_per_share": "d2#f-887" }, "prior_year_comparative": { "income_statement": { "revenue_products": "d2#f-61", "revenue_services": "d2#f-63", "revenue": "d2#f-65", "operating_costs_products": "d2#f-67", "operating_costs_services": "d2#f-69", "general_and_administrative": "d2#f-71", "total_operating_costs_and_expenses": "d2#f-73", "operating_earnings": "d2#f-75", "other_net": "d2#f-77", "interest_net": "d2#f-79", "earnings_before_income_tax": "d2#f-81", "provision_for_income_tax": "d2#f-83", "net_earnings": "d2#f-85", "basic_eps": "d2#f-87", "diluted_eps": "d2#f-89", "basic_shares": "d2#f-678", "diluted_shares": "d2#f-686" }, "cash_flow": { "depreciation_of_property_plant_and_equipment": "d2#f-181", "amortization_of_intangible_and_finance_lease_right_of_use_assets": "d2#f-183", "net_cash_provided_by_operating_activities": "d2#f-201", "capital_expenditures": "d2#f-1068", "net_cash_used_by_investing_activities": "d2#f-207", "dividends_paid": "d2#f-209", "repayment_of_fixed_rate_notes": "d2#f-211", "purchases_of_common_stock": "d2#f-213", "net_cash_used_by_financing_activities": "d2#f-219", "cash_and_equivalents_end_of_period": "d2#f-227", "proceeds_from_fixed_rate_notes": "d2#f-215" }, "segments": { "aerospace": { "revenue": "d2#f-661", "operating_earnings": "d2#f-980" }, "marine_systems": { "revenue": "d2#f-662", "operating_earnings": "d2#f-986" }, "combat_systems": { "revenue": "d2#f-663", "operating_earnings": "d2#f-992" }, "technologies": { "revenue": "d2#f-664", "operating_earnings": "d2#f-998" }, "corporate": { "operating_earnings": "d2#f-205" }, "total": { "revenue": "d2#f-65", "operating_earnings": "d2#f-75" } }, "shareholder_returns": { "cash_dividends_declared": "d2#f-310", "dividends_declared_per_share": "d2#f-889" } } } } }