Operating Income for General Dynamics (GD)
According to General Dynamics's latest reported financial statements, the company's current operating income (TTM) is $5.36B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$5.36B
YoY change
+11.7%
5Y CAGR
+5.3%
Peak year (2025)
$5.36B
Cumulative operating income
$94.14B
Operating Income history chart for General Dynamics (GD) from 1985 to 2025
Operating Income history table for General Dynamics (GD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $5.36B | +11.7% | ||
| 2024 | $4.80B | +13.0% | ||
| 2023 | $4.25B | +0.8% | ||
| 2022 | $4.21B | +1.2% | ||
| 2021 | $4.16B | +0.7% | ||
| 2020 | $4.13B | -9.6% | ||
| 2019 | $4.57B | +4.0% | ||
| 2018 | $4.39B | +3.7% | ||
| 2017 | $4.24B | +13.1% | ||
| 2016 | $3.74B | -12.8% | ||
| 2015 | $4.29B | +10.4% | ||
| 2014 | $3.89B | +5.4% | ||
| 2013 | $3.69B | +382.2% | ||
| 2012 | $765.00M | -80.0% | ||
| 2011 | $3.83B | -3.0% | ||
| 2010 | $3.94B | +7.3% | ||
| 2009 | $3.67B | +0.6% | ||
| 2008 | $3.65B | +17.3% | ||
| 2007 | $3.11B | +18.6% | ||
| 2006 | $2.63B | +20.5% | ||
| 2005 | $2.18B | +12.1% | ||
| 2004 | $1.94B | +34.5% | ||
| 2003 | $1.45B | -8.7% | ||
| 2002 | $1.58B | +6.5% | ||
| 2001 | $1.49B | +11.8% | ||
| 2000 | $1.33B | +10.5% | ||
| 1999 | $1.20B | +31.0% | ||
| 1998 | $918.00M | +35.8% | ||
| 1997 | $676.00M | +91.5% | ||
| 1996 | $353.00M | +12.1% | ||
| 1995 | $315.00M | -1.9% | ||
| 1994 | $321.00M | +3.9% | ||
| 1993 | $309.00M | +76.6% | ||
| 1992 | $175.00M | -55.4% | ||
| 1991 | $392.00M | -148.3% | ||
| 1990 | -$811.00M | -252.5% | ||
| 1989 | $531.90M | +1.9% | ||
| 1988 | $522.10M | -17.7% | ||
| 1987 | $634.50M | -2.3% | ||
| 1986 | $649.20M | -2.8% | ||
| 1985 | $668.00M | — |
Operating 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
General Dynamics (GD) most recent annual operating income stands at $5.36B (2025) – grew 11.7% year-over-year.
Over 2020–2025 (5 years), General Dynamics operating income expanded at a +5.3% compound annual rate, sustaining 5 straight years of year-over-year growth.
The dataset's maximum operating income sits at $5.36B (2025); the minimum reading of -$811.00M dates to 1990.
General Dynamics (GD) sits 7th of 8 Industrials peers we track on this metric, against a peer median of $8.59B.
General Dynamics Operating Income by Year
General Dynamics Operating Income 2025: $5.36B
General Dynamics operating income in 2025 was $5.36B, grew 11.7% from 2024. This figure represents the highest annual value in the available history.
General Dynamics Operating Income 2024: $4.80B
General Dynamics operating income in 2024 was $4.80B, grew 13.0% from 2023.
General Dynamics Operating Income 2023: $4.25B
General Dynamics operating income in 2023 was $4.25B, edged up 0.8% from 2022.
General Dynamics Operating Income 2022: $4.21B
General Dynamics operating income in 2022 was $4.21B, edged up 1.2% from 2021.
General Dynamics Operating Income 2021: $4.16B
General Dynamics operating income in 2021 was $4.16B.
See more financial history for General Dynamics (GD).
Sector peers — Operating Income
Companies in the same sector as General Dynamics, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is General Dynamics's operating income?
- Latest reported operating income for General Dynamics (GD) is $5.36B (period ending December 31, 2025).
How has General Dynamics operating income changed year-over-year?
- General Dynamics (GD) operating income changed +11.7% year-over-year on the latest annual filing.
What is the long-term growth rate of General Dynamics operating income?
- General Dynamics (GD) operating income compound annual growth rate is +5.3% over the most recent 5 years available.
When did General Dynamics operating income hit its highest annual value?
- General Dynamics operating income reached its highest annual value of $5.36B in 2025.
What was General Dynamics operating income in 2024?
- General Dynamics (GD) operating income in 2024 was $4.80B.
What was General Dynamics operating income in 2025?
- General Dynamics (GD) operating income in 2025 was $5.36B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
GD Overview
Company profile, financial tools, and key metrics
GD Revenue Counter
Earns $1,666 every second. See per minute, hour, and day.
GD Earnings Counter
Earns $133.50 per second net profit. See per minute, hour, and day.
GD Economic Scale
Exceeds Turkmenistan's GDP. Compare with world economies.
GD What If Invested
What if you had invested $1,000? See historical returns from any date.
GD How It Makes Money
Discover visual breakdown of $52.55B in revenue — where it comes from and where it goes.
GD Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
GD Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
GD Daily Price Character
Steady · 48.4% historical win rate (green days). Streaks & record days.
GD Buybacks
1.36% TTM buyback yield. Shareholder yield & SBC comparison.
GD Stock Split History
7 splits on record. Dates, ratios, and cumulative multiple.
GD Dividend Profile
Yield: 1.80%. Safety: 8/8. See full history.
GD Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
GD Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.