Value202020212022202320242025TTMSelling/general/admin expenses2.19 B2.25 B2.41 B2.43 B2.57 B2.6 B2.6 BResearch & development———————Operating income4.13 B4.16 B4.21 B4.25 B4.8 B5.36 B5.36 BNon-Operating Income, Total94 M141 M216 M138 M68 M61 M61 MInterest expense, net of interest capitalized489 M431 M391 M399 M414 M426 M—Non-Operating Income, excl. Interest Expenses-477 M-424 M-364 M-343 M-414 M-426 M0Unusual income/expense82 M134 M189 M82 M68 M61 M61 MPretax income3.74 B3.87 B4.04 B3.98 B4.54 B5.1 B5.1 BEquity in earnings———————Taxes571 M616 M646 M669 M758 M893 M893 MNon-controlling/minority interest———————After tax other income/expense———————Net income before discontinued operations3.17 B3.26 B3.39 B3.31 B3.78 B4.21 B4.21 BDiscontinued operations0——————Net income3.17 B3.26 B3.39 B3.31 B3.78 B4.21 B4.21 BDilution adjustment———————Preferred dividends———————Diluted net income available to common stockholders3.17 B3.26 B3.39 B3.31 B3.78 B4.21 B4.21 BBasic earnings per share (Basic EPS)11.0411.6112.3112.1413.8115.65—Diluted earnings per share (Diluted EPS)1111.5512.1912.0213.6315.4515.48Average basic shares outstanding286.92 M280.43 M275.31 M273.14 M273.86 M269.08 M1.08 BDiluted shares outstanding287.91 M282.02 M278.17 M275.73 M277.49 M272.43 M1.09 BEBITDA———————EBIT———————Cost of revenue———————Other cost of goods sold———————Depreciation & amortization (cash flow)878 M890 M884 M863 M886 M924 M985 M
General Dynamics Corporation
General Dynamics Corporation is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government; it receives over 3% of total spending by the federal government of the United States on contractors.
The company is ranked 96th on the Fortune 100 and 242nd on the Forbes Global 2000. In 2024, 69% of revenue was from the federal government of the United States, 14% was from U.S. commercial customers, 10% was from non-U.S. government customers and 7% was from non-U.S. commercial customers.
The company was formed in 1952 via the merger of submarine manufacturer Electric Boat and aircraft manufacturer Canadair.