The Filing Desk

General Dynamics vs GE Aerospace

General Dynamics GD · GE Aerospace GE · Aerospace & Defense

General Dynamics reported revenue of $52.5 billion in fiscal 2025, about the same as GE Aerospace's $45.9 billion in fiscal 2025. General Dynamics' revenue grew 10.1% in its latest year, and GE Aerospace's grew 18.5%. Free cash flow was $4.0 billion at General Dynamics and $7.3 billion at GE Aerospace.

Side by side

General DynamicsGE Aerospace
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$52.5B$45.9B
Revenue growth10.1%18.5%
Revenue growth a year, last 5 years6.7%−9.6%
Gross margin——
Operating margin10.2%—
Net margin8.0%19.0%
Free cash flow$4.0B$7.3B
Free cash flow margin7.5%15.8%
Return on capital14.4%35.8%
Net debt to EBITDA1.0x0.7x
Dividends and buybacks$2.2B$9.0B
Change in diluted share count−1.8%−2.4%
Last close$357.04$288.43
P/E at the last close23.1×33.3×
Insider trades, last 12 monthssold $95.2 millionsold $21.3 million
Piotroski F-score8 of 85 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
General DynamicsGE Aerospace
Operating margin
Percent of revenue
General DynamicsGE Aerospace
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
General DynamicsGE Aerospace

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the General Dynamics and GE Aerospace pages.