General Dynamics Corporation (GD) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
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General Dynamics Corporation (GD) Earnings Overview
As of October 22, 2026, General Dynamics Corporation (GD) reported trailing twelve-month net income of $4.49B, reflecting +13.4% year-over-year growth. The company earned $16.39 per diluted share over the past four quarters, with a net profit margin of 8.0%.
Looking at the long-term picture, GD's 5-year EPS compound annual growth rate (CAGR) stands at +7.0%, showing solid earnings momentum. The company achieved its highest annual net income of $4.21B in fiscal 2025, representing a new all-time high.
General Dynamics Corporation maintains positive profitability with a gross margin of 15.1%, operating margin of 10.2%, and net margin of 8.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LMT ($6.29B net income, 6.7% margin), RTX ($8.53B net income, 7.6% margin), NOC ($4.52B net income, 10.0% margin), GD has outperformed on profitability metrics. Compare GD vs LMT →
GD Earnings vs Peers
Earnings metrics vs comparable public companies
GD Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.21B | +11.3% | $5.36B | $15.46 | 8.0% | 10.2% |
| 2024 | $3.78B | +14.1% | $4.80B | $13.63 | 7.9% | 10.1% |
| 2023 | $3.31B | -2.2% | $4.25B | $12.02 | 7.8% | 10.0% |
| 2022 | $3.39B | +4.1% | $4.21B | $12.19 | 8.6% | 10.7% |
| 2021 | $3.26B | +2.8% | $4.16B | $11.55 | 8.5% | 10.8% |
| 2020 | $3.17B | -9.1% | $4.13B | $11.00 | 8.4% | 10.9% |
| 2019 | $3.48B | +4.2% | $4.57B | $11.98 | 8.9% | 11.6% |
| 2018 | $3.35B | +14.9% | $4.39B | $11.18 | 9.2% | 12.1% |
| 2017 | $2.91B | +13.2% | $4.24B | $9.56 | 9.4% | 13.7% |
| 2016 | $2.57B | -15.3% | $3.74B | $8.29 | 8.4% | 12.3% |
| 2015 | $3.04B | +19.9% | $4.29B | $9.08 | 9.6% | 13.5% |
| 2014 | $2.53B | +7.5% | $3.89B | $7.42 | 8.2% | 12.6% |
| 2013 | $2.36B | +809.9% | $3.69B | $6.67 | 7.6% | 11.9% |
| 2012 | -$332M | -113.1% | $765M | $-0.94 | -1.1% | 2.5% |
| 2011 | $2.53B | -3.7% | $3.83B | $6.87 | 7.7% | 11.7% |
| 2010 | $2.62B | +9.6% | $3.94B | $6.81 | 8.1% | 12.2% |
| 2009 | $2.39B | -2.6% | $3.67B | $6.17 | 7.5% | 11.5% |
| 2008 | $2.46B | +18.7% | $3.65B | $6.17 | 8.4% | 12.5% |
| 2007 | $2.07B | +11.6% | $3.11B | $5.08 | 7.6% | 11.4% |
| 2006 | $1.86B | +27.0% | $2.63B | $4.56 | 7.7% | 10.9% |
| 2005 | $1.46B | +19.1% | $2.18B | $3.61 | 7.0% | 10.4% |
| 2004 | $1.23B | +22.2% | $1.94B | $3.05 | 6.4% | 10.2% |
| 2003 | $1.00B | +9.5% | $1.45B | $2.52 | 6.1% | 8.8% |
| 2002 | $917M | -2.8% | $1.58B | $2.26 | 6.6% | 11.4% |
| 2001 | $943M | +4.7% | $1.49B | $2.33 | 7.8% | 12.3% |
| 2000 | $901M | +2.4% | $1.33B | $2.24 | 8.7% | 12.8% |
| 1999 | $880M | +49.4% | $1.20B | $2.18 | 9.8% | 13.4% |
| 1998 | $589M | +5.4% | $918M | $1.46 | 8.0% | 12.4% |
| 1997 | $559M | +107.0% | $676M | $1.37 | 9.4% | 11.3% |
| 1996 | $270M | -15.9% | $353M | $1.07 | 7.5% | 9.9% |
| 1995 | $321M | +34.9% | $315M | $1.27 | 10.5% | 10.3% |
| 1994 | $238M | -73.1% | $321M | $0.94 | 7.8% | 10.5% |
| 1993 | $885M | +8.6% | $309M | $1.07 | 27.8% | 9.7% |
| 1992 | $815M | +61.4% | $175M | $4.47 | 23.5% | 5.0% |
| 1991 | $505M | +187.4% | $392M | $1.52 | 5.8% | 4.5% |
| 1990 | -$578M | -297.2% | -$811M | $-1.74 | -5.7% | -8.0% |
| 1989 | $293M | - | $532M | $0.88 | 2.9% | 5.3% |
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GD — Frequently Asked Questions
Quick answers to the most common questions about buying GD stock.
What is GD earnings per share (EPS)?
GD trailing twelve-month (TTM) diluted EPS is $16.39, reflecting +13.4% year-over-year growth. The 5-year EPS CAGR is +7.0%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is General Dynamics Corporation's net income?
General Dynamics Corporation (GD) trailing twelve-month net income is $4.5B as of 2025. Earnings grew +13.4% year-over-year. General Dynamics Corporation has been profitable for 13 consecutive years.
Is GD profitable?
Yes, GD is profitable with a TTM net income of $4.5B and a net profit margin of +8.0%. General Dynamics Corporation has generated profits for 13 consecutive years.
What is GD's earnings growth rate?
GD compound annual EPS growth rates (CAGR): 1-Year: +13.4%, 3-Year: +8.2%, 5-Year: +7.0%, 10-Year: +5.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are GD's profit margins?
General Dynamics Corporation net profit margin is +8.0%, operating margin is +10.2%, and gross margin is +15.1%. Margins are within a typical range for the sector. Return on Equity is +17.7%.
Is GD growing earnings?
GD is growing earnings steadily. YoY EPS growth of +13.4% is consistent with the 5-year CAGR of +7.0%. TTM net income is $4.5B.
What was GD's best earnings year?
General Dynamics Corporation's highest annual net income on record is $4.2B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were GD's earnings last quarter?
GD's most recent reported quarter was Q2 2026. Net income was $1.2B with diluted EPS of $4.25. For a full breakdown of all quarters, see the quarterly earnings table on this page.