SuperworthGeneral Dynamics profit margin GD
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 8.2%
- Operating margin, 12 months
- 10.3%
- Net margin on a year earlier
- +0.1 pts
- Peer median
- 10.5%
Over the twelve months to Jul 5, 2026, General Dynamics kept 8.2% of its revenue as net profit, with an operating margin of 10.3% and a gross margin of 15.4%.
Five years earlier its net margin was 8.5%.
The median for 10 aerospace and defense stocks of a similar size is 10.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.0% | 10.2% | 15.1% |
| FY2024 | 7.9% | 10.1% | 15.4% |
| FY2023 | 7.8% | 10.0% | 15.8% |
| FY2022 | 8.6% | 10.7% | 16.8% |
| FY2021 | 8.5% | 10.8% | 16.7% |
| FY2020 | 8.4% | 10.9% | 16.7% |
| FY2019 | 8.9% | 11.8% | 17.8% |
| FY2018 | 9.2% | 12.3% | 18.6% |
| FY2017 | 9.4% | 13.7% | 20.2% |
| FY2016 | 8.4% | 12.2% | 18.5% |
| FY2015 | 9.4% | 13.3% | 19.5% |
| FY2014 | 8.2% | 12.6% | 19.0% |
| FY2013 | 7.6% | 11.9% | 18.5% |
| FY2012 | −1.1% | 2.6% | 16.2% |
| FY2011 | 7.7% | 11.7% | 17.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 8.2% | +0.1 pts | 10.3% | |
| Q1 FY26 | 8.1% | −0.0 pts | 10.2% | |
| Q4 FY25 | 8.0% | +0.1 pts | 10.2% | |
| Q3 FY25 | 8.2% | +0.3 pts | 10.3% | |
| Q2 FY25 | 8.1% | +0.2 pts | 10.3% | |
| Q1 FY25 | 8.1% | +0.2 pts | 10.2% | |
| Q4 FY24 | 7.9% | +0.1 pts | 10.1% | |
| Q3 FY24 | 7.9% | −0.1 pts | 10.1% | |
| Q2 FY24 | 7.9% | −0.4 pts | 10.1% | |
| Q1 FY24 | 7.8% | −0.6 pts | 10.1% | |
| Q4 FY23 | 7.8% | −0.8 pts | 10.0% | |
| Q3 FY23 | 8.0% | −0.7 pts | 10.1% |
Against its peers
Companies in Aerospace & Defense nearest General Dynamics' size, closest first, today.
| Company | Profit margin |
|---|---|
| GDGeneral Dynamics | 8.2% |
| NOCNorthrop Grumman | 10.5% |
| HWMHowmet Aerospace | 20.5% |
| LMTLockheed Martin | 8.2% |
| TDGTransDigm | 21.3% |
| BABoeing | 2.6% |
| HONAHoneywell Aerospace | n/m |
| LHXL3Harris Technologies | n/m |
| HEIHEICO | 16.4% |
| RTXRTX | n/m |
| AXONAxon Enterprise | 6.2% |
| Peer median | 10.5% |
Where General Dynamics ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on General Dynamics
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.