TTM
10.2%
YoY change
+0.14pp
Trough year (1990)
-8.0%
Peak year (2017)
13.7%
Latest annual
10.2%
Operating Margin history chart for General Dynamics (GD) from 1985 to 2025
Latest: 10.2%
Operating Margin change chart for General Dynamics (GD) from 1985 to 2025
Latest: +0.14pp
Operating Margin history table for General Dynamics (GD) from 1985 to 2025
| 2025 | 10.2% | +0.14pp | ||
| 2024 | 10.1% | +0.01pp | ||
| 2023 | 10.0% | -0.64pp | ||
| 2022 | 10.7% | -0.14pp | ||
| 2021 | 10.8% | -0.08pp | ||
| 2020 | 10.9% | -0.72pp | ||
| 2019 | 11.6% | -0.53pp | ||
| 2018 | 12.1% | -1.54pp | ||
| 2017 | 13.7% | +1.43pp | ||
| 2016 | 12.3% | -1.26pp | ||
| 2015 | 13.5% | +0.91pp | ||
| 2014 | 12.6% | +0.68pp | ||
| 2013 | 11.9% | +9.46pp | ||
| 2012 | 2.5% | -9.24pp | ||
| 2011 | 11.7% | -0.44pp | ||
| 2010 | 12.2% | +0.66pp | ||
| 2009 | 11.5% | -0.98pp | ||
| 2008 | 12.5% | +1.04pp | ||
| 2007 | 11.4% | +0.52pp | ||
| 2006 | 10.9% | +0.52pp | ||
| 2005 | 10.4% | +0.22pp | ||
| 2004 | 10.2% | +1.34pp | ||
| 2003 | 8.8% | -2.61pp | ||
| 2002 | 11.4% | -0.89pp | ||
| 2001 | 12.3% | -0.51pp | ||
| 2000 | 12.8% | -0.59pp | ||
| 1999 | 13.4% | +1.02pp | ||
| 1998 | 12.4% | +1.08pp | ||
| 1997 | 11.3% | +1.47pp | ||
| 1996 | 9.9% | -0.41pp | ||
| 1995 | 10.3% | -0.23pp | ||
| 1994 | 10.5% | +0.80pp | ||
| 1993 | 9.7% | +4.66pp | ||
| 1992 | 5.0% | +0.56pp | ||
| 1991 | 4.5% | +12.45pp | ||
| 1990 | -8.0% | -13.27pp | ||
| 1989 | 5.3% | -0.17pp | ||
| 1988 | 5.5% | -1.32pp | ||
| 1987 | 6.8% | -0.51pp | ||
| 1986 | 7.3% | -0.88pp | ||
| 1985 | 8.2% | — |
- 202510.2%+0.14pp
- 202410.1%+0.01pp
- 202310.0%-0.64pp
- 202210.7%-0.14pp
- 202110.8%-0.08pp
- 202010.9%-0.72pp
- 201911.6%-0.53pp
- 201812.1%-1.54pp
- 201713.7%+1.43pp
- 201612.3%-1.26pp
- 201513.5%+0.91pp
- 201412.6%+0.68pp
- 201311.9%+9.46pp
- 20122.5%-9.24pp
- 201111.7%-0.44pp
- 201012.2%+0.66pp
- 200911.5%-0.98pp
- 200812.5%+1.04pp
- 200711.4%+0.52pp
- 200610.9%+0.52pp
- 200510.4%+0.22pp
- 200410.2%+1.34pp
- 20038.8%-2.61pp
- 200211.4%-0.89pp
- 200112.3%-0.51pp
- 200012.8%-0.59pp
- 199913.4%+1.02pp
- 199812.4%+1.08pp
- 199711.3%+1.47pp
- 19969.9%-0.41pp
- 199510.3%-0.23pp
- 199410.5%+0.80pp
- 19939.7%+4.66pp
- 19925.0%+0.56pp
- 19914.5%+12.45pp
- 1990-8.0%-13.27pp
- 19895.3%-0.17pp
- 19885.5%-1.32pp
- 19876.8%-0.51pp
- 19867.3%-0.88pp
- 19858.2%—
Operating Margin values are taken from General Dynamics's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at General Dynamics (GD)
According to General Dynamics's latest reported financial statements, the company's latest reported operating margin is 10.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, General Dynamics (GD) operating margin totalled 10.19% – expanded 0.1 percentage points year-over-year.
13.68% stands as the all-time-high annual operating margin, posted in 2017, against a low of -7.97% during 1990.
General Dynamics Operating Margin by Year
General Dynamics Operating Margin 2025: 10.2%
2025's operating margin for General Dynamics came in at 10.19%, expanded 0.1 percentage points from 2024.
General Dynamics Operating Margin 2024: 10.1%
General Dynamics posted operating margin of 10.05% in 2024, expanded 0.0 percentage points from 2023.
General Dynamics Operating Margin 2023: 10.0%
In 2023, General Dynamics reported operating margin of 10.04%, contracted 0.6 percentage points from 2022.
General Dynamics Operating Margin 2022: 10.7%
General Dynamics operating margin in 2022 was 10.69%, contracted 0.1 percentage points from 2021.
General Dynamics Operating Margin 2021: 10.8%
General Dynamics operating margin in 2021 was 10.82%.
See more financial history for General Dynamics (GD).
Sector peers by Operating Margin
Industrials peers of General Dynamics (GD), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
Frequently asked questions
General Dynamics (GD) Key Financials
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