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How General Dynamics (GD) makes money

General Dynamics (GD) made $14.6B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Marine Systems brought in $5.0B (34%); Technologies brought in $3.7B (25%); Aerospace brought in $3.5B (24%). Of every dollar of revenue, 10¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

General Dynamics revenue by segment, Q3 2026General Dynamics revenue by segment, Q3 2026Marine Systems$5.0BTechnologies$3.7BAerospace$3.5BCombat Systems$2.4B
General Dynamics: revenue by line, Q1 2025 to Q3 2026General Dynamics: revenue by line, Q1 2025 to Q3 2026Marine SystemsTechnologiesAerospaceCombat SystemsMarine Systems: $5.0B latest$5.0BTechnologies: $3.7B latest$3.7BAerospace: $3.5B latest$3.5BCombat Systems: $2.4B latest$2.4BQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Marine Systems went from 29% of revenue in Q1 2025 to 34% in Q3 2026, the largest shift in the mix.
General Dynamics revenue by quarterGeneral Dynamics revenue by quarter$12.2BQ1 2025$13.0BQ2 2025$12.9BQ3 2025$14.4BQ4 2025$13.5BQ1 2026$14.1BQ2 2026$14.6BQ3 2026
General Dynamics: where each dollar of revenue goesGeneral Dynamics: where each dollar of revenue goesOperating profit10¢Income tax2¢Net earnings8¢Operating cash flow12¢Free cash flow8¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Marine Systems$5.0B34.1%+6%+21%
Technologies$3.7B25.3%+2%+11%
Aerospace$3.5B24.3%+0.3%+9%
Combat Systems$2.4B16.4%+4%+6%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$14.6B100.0%
Operating profit$1.5B10.5%
Income tax$257M1.8%
Net earnings$1.2B8.4%
Operating cash flow$1.7B11.7%
Free cash flow$1.2B8.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$14.6B+13%
Q2 2026$14.1B+8%
Q1 2026$13.5B+10%
Q4 2025$14.4B+8%
Q3 2025$12.9B+11%
Q2 2025$13.0B+9%
Q1 2025$12.2B+14%

From General Dynamics' 10-Q filed Oct 30, 2026 (on EDGAR).

Questions

How does General Dynamics make money?

General Dynamics (GD) made $14.6B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Marine Systems brought in $5.0B (34%); Technologies brought in $3.7B (25%); Aerospace brought in $3.5B (24%). Of every dollar of revenue, 10¢ was left as operating profit, 8¢ was left as net earnings.

What is General Dynamics' biggest business?

Marine Systems: $5.0B in the third quarter 2026, 34% of revenue, +21% from a year earlier.

What is General Dynamics' profit margin?

Net earnings were $1.2B, 8.4% of revenue, in the third quarter 2026; the operating margin was 10.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.