GD at a glance
General Dynamics (GD, SEC CIK 40533) filed its latest 10-K annual report on January 30, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 7, 2026 and Form 4 insider filings as recently as September 25, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), General Dynamics (GD) reported revenue of $52.5 billion (up 10.1% from FY2024) and net income of $4.2 billion. Diluted EPS was $15.45.
- As of June 30, 2026, 64 institutional investment managers tracked by SignalX reported holding General Dynamics (GD) shares worth $37.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by STEEL ROBERT K on September 23, 2026 of 2,770 shares at $346.08 per share.
- In the last 90 days, GD insiders reported 0 open-market purchases ($0) and 12 open-market sales ($41.8M) on Form 4, a net sale of $41.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $52.5B
- +10.1% vs prior year
- Insiders · 90 days
- 0 buys · 12 sells
- Net −$41.8M
- 13F holders
- 64 funds
- $37.3B · +2 vs prior quarter
- Latest 8-K
- Aug 7, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Defense and aerospace manufacturing with segments in Aerospace, Marine Systems, Combat Systems, and Technologies
- New emphasized segment growth: Combat Systems backlog surged 60.3% to $27.2B, driven by $9.2B international vehicle orders and $1B next-gen Abrams tanks
- Strategic shift: Increased focus on Digital Accelerator portfolio in Technologies for cyber, AI, cloud, and digital modernization contracts
- Notable metric: Total defense backlog rose 35.7% to $96.2B, with estimated potential contract value up 14.4% to $59.8B in 2025
- Distinctive fact: Marine Systems estimated contract value jumped 30% to $64.2B, fueled by $20.1B submarine awards and key shipbuilding contracts
Risk Factors
- Revenue concentration 70% from U.S. government, risk of cuts or reprioritization in defense budgets impacting program funding
- Geopolitical exposure to shifts in U.S. defense spending linked to domestic political changes and international security threats
- Supply chain vulnerability in availability and quality of high-technology commodities and subsystems critical for product development
- Competitive market risk from defense contractors benefiting from changing U.S. government priorities, no specific competitor named
- Financial risk from customer concentration, high dependence on U.S. government contracts for majority of revenue
Management Discussion & Analysis
- Revenue $52.55B, up 10.1% YoY from $47.72B in 2024, driven by all segments including double-digit Aerospace and Marine Systems growth
- Operating earnings $5.36B, up 11.7% YoY from $4.80B with operating margin 10.2% vs 10.1% in 2024
- Best segment: Aerospace and Marine Systems with double-digit percentage revenue growth; Worst segment not specifically quantified
- Cash flow from operations $5.1B, representing 122% of net earnings; no explicit details on buybacks, dividends, or capex provided
- Management expects continued demand from U.S. Navy shipbuilding and Gulfstream aircraft; risks include supply chain pressures and potential federal budget delays
AI summary of the GD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jul 5, 2026
Management Discussion & Analysis
- Revenue $14,094 million, up 8.1% YoY from $13,041 million
- Operating margin 10.4% vs 10.0% YoY; operating earnings $1,460 million vs $1,305 million
- Best-performing segments Aerospace and Marine Systems, driving primary revenue growth
- Near-term headwinds: supply-chain delays, skilled-worker shortages, inflation, tariffs and slightly lower combat-vehicle volumes
- Capital deployment: continued investment in shipbuilding capacity, workforce, combat vehicles and artillery development
Risk Factors
- No material changes from the December 31, 2025 Form 10-K risk disclosures
- Compliance risk: approximately 300,000 unregistered 401(k) plan share sales
- Legal risk: rescission offer for participant purchases from July 1, 2025 through June 30, 2026
- Financial impact: company expects no material effect on financial condition, results, or liquidity
AI summary of the GD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Danny Deep elected to General Dynamics’ board effective August 5, 2026
- Existing company president gains board oversight role, aligning executive and director leadership
Item 8.01: Other Events
- Rescission Offer covers up to 1,010,925 GD common shares
- Prospectus supplement filed August 4, 2026 under Rule 424(b)(5)
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended July 5, 2026
- Earnings press release furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $14.1B, up 8.1%, with diluted EPS $4.24, up 13.4%, signaling broad-based operating momentum
- Operating margin expanded 40 basis points to 10.4%, led by Aerospace margin growth to 14.5%
AI summaries of GD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GD
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- Fund moves. Which tracked funds opened, added or cut GD, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| STEEL ROBERT K | M | Sep 23, 2026 | 2,190 | $232.90 |
| STEEL ROBERT K | M | Sep 23, 2026 | 2,770 | - |
| STEEL ROBERT K | M | Sep 23, 2026 | 700 | - |
| STEEL ROBERT K | Sell | Sep 23, 2026 | 2,770 | $346.08 |
| STEEL ROBERT K | M | Sep 23, 2026 | 700 | $274.51 |
| STEEL ROBERT K | Sell | Sep 23, 2026 | 700 | $345.82 |
| STEEL ROBERT K | M | Sep 23, 2026 | 2,190 | - |
| STEEL ROBERT K | M | Sep 23, 2026 | 1,780 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $47.7B | $52.5B |
| Operating Income | - | $4.8B | $5.4B |
| Net Income | $3.3B | $3.8B | $4.2B |
| Op. Margin | - | 10.1% | 10.2% |
| Net Margin | - | 7.9% | 8.0% |
| Balance Sheet | |||
| Total Assets | $54.8B | $55.9B | $57.2B |
| Equity | - | $22.1B | $25.6B |
| ROE | - | 17.1% | 16.4% |
| Per Share | |||
| EPS | $12.02 | $13.63 | $15.45 |
| Cash Flow | |||
| Operating CF | - | $4.1B | $5.1B |
| CapEx | $904.0M | $916.0M | $1.2B |
Source: XBRL data in General Dynamics (GD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 64 | $37.34B |
| Q1 2026 | 62 | $36.20B |
| Q4 2025 | 58 | $34.95B |
| Q3 2025 | 61 | $37.45B |
| Q2 2025 | 59 | $30.19B |
| Q1 2025 | 58 | $23.18B |
| Q4 2024 | 51 | $16.41B |
| Q3 2024 | 44 | $10.12B |
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- FMR LLC (Fidelity)−400.5K (-9%)
- Two Sigma Investments−293.8K (-82%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 457 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 8-K | Aug 7, 2026 | - | Analysis | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 10-Q | Jul 29, 2026 | Jul 5, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
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GD SEC filings: frequently asked questions
Are GD insiders buying or selling?
In the last 90 days, General Dynamics (GD) officers, directors and 10% owners reported no open-market purchases and 12 open-market sales worth $41.8 million by 5 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold GD stock?
As of June 30, 2026, the largest General Dynamics (GD) holders among the 13F filers tracked by SignalX were BlackRock ($6.8 billion), Vanguard Capital Management LLC ($5.9 billion), State Street Corp ($4.2 billion), Bank of America Corp ($2.6 billion), Vanguard Portfolio Management LLC ($2.4 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), General Dynamics (GD) reported revenue of $52.5 billion (up 10.1% from FY2024) and net income of $4.2 billion. Diluted EPS was $15.45. The figures come from the XBRL data in the 10-K.
What are the main risks in GD's latest 10-K?
In the 10-K filed January 30, 2026, General Dynamics (GD) flagged: Revenue concentration 70% from U.S. government, risk of cuts or reprioritization in defense budgets impacting program funding. Geopolitical exposure to shifts in U.S. defense spending linked to domestic political changes and international security threats. (AI summary of the Risk Factors section.)
What did GD report in its latest 8-K?
General Dynamics (GD) filed an 8-K on August 7, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Danny Deep elected to General Dynamics’ board effective August 5, 2026.
What are the latest GD SEC filings?
General Dynamics (GD) filed its latest 10-K annual report on January 30, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 7, 2026 and a Form 4 insider filing on September 25, 2026.
What is GD's SEC CIK number?
General Dynamics (GD)'s SEC Central Index Key (CIK) is 40533. EDGAR lists every GD filing under that number.
Ask anything about GD
The research agent reads GD's filings, financials, insider trades and 13F holders, then answers with sources.