Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6B | $31.0B | $36.2B | $39.4B | $37.9B | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| Revenue growth | — | 1.3% | 16.9% | 8.7% | -3.6% | 1.4% | 2.4% | 7.3% | 12.9% | 10.1% |
| Operating income | $3.74B | $4.24B | $4.39B | $4.57B | $4.13B | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B |
| Operating margin | 12.3% | 13.7% | 12.1% | 11.6% | 10.9% | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Net income | $2.57B | $2.91B | $3.35B | $3.48B | $3.17B | $3.26B | $3.39B | $3.31B | $3.78B | $4.21B |
| Net margin | 8.4% | 9.4% | 9.2% | 8.9% | 8.4% | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |
| EPS (diluted) | $8.29 | $9.56 | $11.18 | $11.98 | $11.00 | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.16B | $3.88B | $3.15B | $2.98B | $3.86B | $4.27B | $4.58B | $4.71B | $4.11B | $5.12B |
| Capital expenditures | $392M | $428M | $690M | $987M | $967M | $887M | $1.11B | $904M | $916M | $1.16B |
| Free cash flow | $1.77B | $3.45B | $2.46B | $1.99B | $2.89B | $3.38B | $3.46B | $3.81B | $3.20B | $3.96B |
| Share buybacks | $2.00B | $1.56B | $1.77B | $231M | $587M | $1.83B | $1.23B | $434M | $1.50B | $637M |
| Dividends paid | $911M | $986M | $1.07B | $1.15B | $1.24B | $1.31B | $1.37B | $1.43B | $1.53B | $1.59B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $2.98B | $963M | $902M | $2.82B | $1.60B | $1.24B | $1.91B | $1.70B | $2.33B |
| Total assets | $33.2B | $35.0B | $45.9B | $49.3B | $51.3B | $50.1B | $51.6B | $54.8B | $55.9B | $57.2B |
| Long-term debt | $2.99B | $3.98B | $11.4B | $9.01B | $9.99B | $10.5B | $9.24B | $8.75B | $7.26B | $7.01B |
| Shareholders' equity | $10.3B | $11.8B | $12.1B | $14.0B | $15.7B | $17.6B | $18.6B | $21.3B | $22.1B | $25.6B |
| Retained earnings | $24.5B | $26.4B | $29.3B | $31.6B | $33.5B | $35.4B | $37.4B | $39.3B | $41.5B | $44.1B |
| Shares (wtd avg diluted) | 310M | 305M | 299M | 291M | 288M | 282M | 278M | 276M | 277M | 272M |
Every figure is extracted from GENERAL DYNAMICS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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