General Dynamics Corporation's Income Statement Analysis: Revenue to Profit Breakdown
General Dynamics Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$38.47 B | $39.41 B | $42.27 B | $47.72 B | $52.55 B | $53.81 B |
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Cost of Revenue Direct cost of goods/services. |
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$32.06 B | $32.79 B | $35.60 B | $40.35 B | $44.60 B | $45.61 B |
Gross Profit Revenue minus cost of revenue. |
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$6.41 B | $6.62 B | $6.67 B | $7.36 B | $7.95 B | $8.20 B |
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Operating Expense
Costs to run business. |
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$2.25 B | $2.41 B | $2.43 B | $2.57 B | $2.60 B | $2.69 B |
Research and Development Investment in innovation. |
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- | - | - | $565.00 M | - | $486.00 M |
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Sales, General and Administrative
Selling and admin costs. |
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$2.25 B | $2.41 B | $2.43 B | $2.57 B | $2.60 B | $2.69 B |
General and Administrative Corporate overhead costs. |
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$2.25 B | $2.41 B | $2.43 B | $2.57 B | $2.60 B | $2.69 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | -$6.00 M |
Other Expenses Other operating costs. |
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- | - | - | -$565.00 M | - | -$480.00 M |
Operating Income Profit from operations. |
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$4.16 B | $4.21 B | $4.25 B | $4.80 B | $5.36 B | $5.51 B |
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Net Interest Income
Interest income minus expense. |
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-$424.00 M | -$364.00 M | -$343.00 M | -$324.00 M | -$314.00 M | -$294.00 M |
Interest Income Income from investments. |
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$7.00 M | $27.00 M | $56.00 M | $69.00 M | - | - |
Interest Expense Cost of borrowing. |
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$431.00 M | $391.00 M | $399.00 M | $393.00 M | $314.00 M | $294.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$141.00 M | -$216.00 M | -$138.00 M | -$137.00 M | -$61.00 M | -$61.00 M |
Total Other Income (Net) Net non-operating items. |
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-$290.00 M | -$175.00 M | -$261.00 M | -$256.00 M | -$253.00 M | -$236.00 M |
Income Before Tax Profit before taxes. |
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$3.87 B | $4.04 B | $3.98 B | $4.54 B | $5.10 B | $5.27 B |
Income Tax Expense Taxes on income. |
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$616.00 M | $646.00 M | $669.00 M | $758.00 M | $893.00 M | $931.00 M |
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Net Income
Final profit. |
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$3.26 B | $3.39 B | $3.32 B | $3.78 B | $4.21 B | $4.34 B |
Net Income From Continuing Operations Profit from core business. |
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$3.26 B | $3.39 B | $3.32 B | $3.78 B | $4.21 B | $4.34 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$11.61 | $12.31 | $12.14 | $13.81 | $15.64 | $16.11 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$11.55 | $12.19 | $12.02 | $13.63 | $15.46 | $15.90 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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280.43 M | 275.31 M | 273.14 M | 277.48 M | 269.90 M | 270.20 M |
Diluted Average Shares Outst. Shares including dilution. |
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282.02 M | 278.17 M | 275.73 M | 277.49 M | 273.90 M | 274.10 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$4.30 B | $4.43 B | $4.38 B | $4.93 B | $5.42 B | $5.57 B |
EBITDA Earnings before interest, tax, D&A. |
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$5.19 B | $5.31 B | $5.25 B | $5.82 B | $6.10 B | $6.26 B |
Depreciation and Amortization Non-cash expense for assets. |
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$890.00 M | $884.00 M | $863.00 M | $886.00 M | $680.00 M | $689.00 M |
| Company Report |
General Dynamics Corporation's Assets vs Liabilities & Equity
General Dynamics Corporation's Assets vs Liabilities & Equity
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