General Dynamics Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of General Dynamics Corporation (GD). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Marine Systems | $9.98B 26.3% | $10.53B 27.4% · +5.5% | $11.04B 28.0% · +4.9% | $12.46B 29.5% · +12.9% | $14.34B 30.1% · +15.1% | $16.72B 31.8% · +16.6% |
| Technologies | $12.65B 33.4% | $12.46B 32.4% · -1.5% | $12.49B 31.7% · +0.3% | $12.92B 30.6% · +3.4% | $13.13B 27.5% · +1.6% | $13.47B 25.6% · +2.6% |
| Aerospace | $8.08B 21.3% | $8.14B 21.1% · +0.7% | $8.57B 21.7% · +5.3% | $8.62B 20.4% · +0.6% | $11.25B 23.6% · +30.5% | $13.11B 24.9% · +16.5% |
| Combat Systems | $7.22B 19.0% | $7.35B 19.1% · +1.8% | $7.31B 18.5% · -0.6% | $8.27B 19.6% · +13.1% | $9.00B 18.9% · +8.8% | $9.25B 17.6% · +2.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Products | $22.19B 58.5% | $22.43B 58.3% · +1.1% | $23.02B 58.4% · +2.6% | $24.60B 58.2% · +6.8% | $28.64B 60.0% · +16.4% | $33.02B 62.8% · +15.3% |
| Services | $15.74B 41.5% | $16.04B 41.7% · +1.9% | $16.39B 41.6% · +2.1% | $17.68B 41.8% · +7.9% | $19.08B 40.0% · +7.9% | $19.53B 37.2% · +2.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.