Net Income for General Dynamics (GD)
According to General Dynamics's latest reported financial statements, the company's current net income (TTM) is $4.21B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$4.21B
YoY change
+11.3%
5Y CAGR
+5.9%
Peak year (2025)
$4.21B
Cumulative net income
$67.34B
Net Income history chart for General Dynamics (GD) from 1985 to 2025
Net Income history table for General Dynamics (GD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $4.21B | +11.3% | ||
| 2024 | $3.78B | +14.1% | ||
| 2023 | $3.31B | -2.2% | ||
| 2022 | $3.39B | +4.1% | ||
| 2021 | $3.26B | +2.8% | ||
| 2020 | $3.17B | -9.1% | ||
| 2019 | $3.48B | +4.2% | ||
| 2018 | $3.35B | +14.9% | ||
| 2017 | $2.91B | +13.2% | ||
| 2016 | $2.57B | -15.3% | ||
| 2015 | $3.04B | +19.9% | ||
| 2014 | $2.53B | +7.5% | ||
| 2013 | $2.36B | -809.9% | ||
| 2012 | -$332.00M | -113.1% | ||
| 2011 | $2.53B | -3.7% | ||
| 2010 | $2.62B | +9.6% | ||
| 2009 | $2.39B | -2.6% | ||
| 2008 | $2.46B | +18.7% | ||
| 2007 | $2.07B | +11.6% | ||
| 2006 | $1.86B | +27.0% | ||
| 2005 | $1.46B | +19.1% | ||
| 2004 | $1.23B | +22.2% | ||
| 2003 | $1.00B | +9.5% | ||
| 2002 | $917.00M | -2.8% | ||
| 2001 | $943.00M | +4.7% | ||
| 2000 | $901.00M | +2.4% | ||
| 1999 | $880.00M | +49.4% | ||
| 1998 | $589.00M | +5.4% | ||
| 1997 | $559.00M | +107.0% | ||
| 1996 | $270.00M | -15.9% | ||
| 1995 | $321.00M | +34.9% | ||
| 1994 | $238.00M | -73.1% | ||
| 1993 | $885.00M | +8.6% | ||
| 1992 | $815.00M | +61.4% | ||
| 1991 | $505.00M | -187.4% | ||
| 1990 | -$578.00M | -297.2% | ||
| 1989 | $293.10M | -22.7% | ||
| 1988 | $379.00M | -13.3% | ||
| 1987 | $437.30M | -933.0% | ||
| 1986 | -$52.50M | -113.5% | ||
| 1985 | $388.30M | — |
Net Income values are taken from General Dynamics's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of General Dynamics (GD) net income is $4.21B – grew 11.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, General Dynamics net income compounded at +5.9% per year, sustaining 2 straight years of year-over-year growth.
Across the available history, net income reached its high of $4.21B in 2025 and its low of -$578.00M in 1990.
Among 8 Industrials peers, General Dynamics (GD) ranks 7th; the peer median for net income is $5.88B.
General Dynamics Net Income by Year
General Dynamics Net Income 2025: $4.21B
General Dynamics net income in 2025 was $4.21B, grew 11.3% from 2024. This figure represents the highest annual value in the available history.
General Dynamics Net Income 2024: $3.78B
General Dynamics net income in 2024 was $3.78B, grew 14.1% from 2023.
General Dynamics Net Income 2023: $3.31B
General Dynamics net income in 2023 was $3.31B, edged down 2.2% below 2022.
General Dynamics Net Income 2022: $3.39B
General Dynamics net income in 2022 was $3.39B, edged up 4.1% from 2021.
General Dynamics Net Income 2021: $3.26B
General Dynamics net income in 2021 was $3.26B.
See more financial history for General Dynamics (GD).
Sector peers — Net Income
Companies in the same sector as General Dynamics, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is General Dynamics's net income?
- Latest reported net income for General Dynamics (GD) is $4.21B (period ending December 31, 2025).
How has General Dynamics net income changed year-over-year?
- General Dynamics (GD) net income changed +11.3% year-over-year on the latest annual filing.
What is the long-term growth rate of General Dynamics net income?
- General Dynamics (GD) net income compound annual growth rate is +5.9% over the most recent 5 years available.
When did General Dynamics net income hit its highest annual value?
- General Dynamics net income reached its highest annual value of $4.21B in 2025.
What was General Dynamics net income in 2024?
- General Dynamics (GD) net income in 2024 was $3.78B.
What was General Dynamics net income in 2025?
- General Dynamics (GD) net income in 2025 was $4.21B.
Metrics overview
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