Filing Flows › General Dynamics (GD) › Q3 2026 › vs Q3 2025
General Dynamics (GD) Q3 2026 vs Q3 2025 (year over year)
General Dynamics's revenue rose $1.7B (+13%) from $12.9B in Q3 2025 to $14.6B in Q3 2026. The biggest changes: Marine Systems +$864M (+21%); Technologies +$359M (+11%); Aerospace +$302M (+9%). Operating margin 10.5% against 10.3% (+0.2 pts).
General Dynamics, Q3 2026: revenue $14.6B (+13% year over year), operating margin 10.5%, net earnings $1.2B, operating cash flow $1.7B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.5% | 10.3% | +0.2 pts |
| Net margin | 8.4% | 8.2% | +0.2 pts |
| Free cash flow margin | 8.4% | 14.7% | -6.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Marine Systems | $5.0B | $4.1B | $864M | +21% |
| Technologies | $3.7B | $3.3B | $359M | +11% |
| Aerospace | $3.5B | $3.2B | $302M | +9% |
| Combat Systems | $2.4B | $2.3B | $134M | +6% |
| Revenue | $14.6B | $12.9B | $1.7B | +13% |
| Operating profit | $1.5B | $1.3B | $196M | +15% |
| Costs & expenses | $13.0B | $11.6B | $1.5B | +13% |
| Pre-tax earnings | $1.5B | $1.3B | $214M | +17% |
| General & admin | $722M | $637M | $85.0M | +13% |
| Other operating costs | $12.3B | $10.9B | $1.4B | +13% |
| Net earnings | $1.2B | $1.1B | $170M | +16% |
| Income tax | $257M | $213M | $44.0M | +21% |
| Depreciation & amortization | $235M | $226M | $9.0M | +4% |
| Share-based compensation | $62.0M | $57.0M | $5.0M | +9% |
| Working capital & other | $184M | $767M | −$583M | -76% |
| Operating cash flow | $1.7B | $2.1B | −$399M | -19% |
| Free cash flow (company-reported) | $1.2B | $1.9B | −$668M | -35% |
| Capital expenditures | $481M | $212M | $269M | +127% |
Questions
How much did General Dynamics's revenue grow year over year in Q3 2026?
General Dynamics's revenue rose $1.7B (+13%) from $12.9B in Q3 2025 to $14.6B in Q3 2026.
What drove General Dynamics's revenue change in Q3 2026?
Marine Systems +$864M (+21%); Technologies +$359M (+11%); Aerospace +$302M (+9%).