GENERAL DYNAMICS CORP

Ship & Boat Building & Repairing·RESTON, VA·FY end 12/31·CIK 40533

CEO Pay Ratio

241:1

Phebe N. Novakovic

CEO Total Comp

$25.9M

Phebe N. Novakovic

Median Employee

$107,485

Revenue

$52.5B

FY 2025

Net Income

$4.2B

FY 2025

Free Cash Flow

$4.0B

FY 2025

Net Margin

8.0%

Insider Net (180d)

-$17.9M

0 buys / 5 sales

CEO Pay Accountability

CEO comp as % of net income

0.62%

For every $1,000 of profit, $6.16 flows to the CEO.

CEO comp as % of buybacks

4.07%

CEO comp equals 40.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$52.5B	$47.7B	$42.3B	$39.4B	$38.5B
Gross Profit	—	—	—	—	—	—
Operating Income	$5.4B	$4.8B	$4.2B	$4.2B	$4.2B
Net Income	$4.2B	$3.8B	$3.3B	$3.4B	$3.3B
Operating CF	$5.1B	$4.1B	$4.7B	$4.6B	$4.3B
Capex	$1.2B	$916.0M	$904.0M	$1.1B	$887.0M
Free Cash Flow	$4.0B	$3.2B	$3.8B	$3.5B	$3.4B
Buybacks	$637.0M	$1.5B	$434.0M	$1.2B	$1.8B
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	10.2%	10.1%	10.0%	10.7%	10.8%
Net Margin	8.0%	7.9%	7.8%	8.6%	8.5%
FCF Margin	7.5%	6.7%	9.0%	8.8%	8.8%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	17.5%	16.7%	16.8%	16.0%	15.9%
Debt / Equity	0.59	0.73	0.85	1.07	1.25
Buybacks / FCF	16.1%	47.0%	11.4%	35.5%	54.0%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Phebe N. NovakovicChairman and Chief Executive Officer	$1.7M	$12.5M	$5.2M	$5.7M	$697.5K	$25.9M
Jason W. AikenExecutive Vice President, Combat Systems and Mission Systems	$1.1M	$4.3M	$1.8M	$2.4M	$131.5K	$9.7M
Danny DeepPresident	$1.1M	$3.2M	$1.3M	$2.4M	$345.5K	$8.4M
Kimberly A. KuryeaSenior Vice President, Chief Financial Officer	$987.5K	$3.6M	$1.5M	$2.1M	$134.8K	$8.3M
Mark L. BurnsExecutive Vice President of the company and President, Gulfstream Aerospace	$958.3K	$3.8M	$1.6M	$1.9M	$67.5K	$8.3M