General Dynamics (MEX:GD) Operating Income: MXN100,739 Mil (TTM As of Mar. 2026)


MEX:GD General Dynamics Corp MEX:GD
86 GF Score
Price MXN5,976.00
GF Value MXN5,707.06
Valuation Fairly Valued
! 8 Warning Signs
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What is General Dynamics Operating Income?

General Dynamics MEX:GD 86 Operating Income is MXN100,739 Mil as of Mar. 2026. GuruFocus rates MEX:GD with a GF Score™ of 86/100 and a GF Value™ of MXN5,707.06 (Fairly Valued). The stock has 8 warning signs investors should review.

General Dynamics's Operating Income for the three months ended in Mar. 2026 was MXN25,606 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN100,739 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. General Dynamics's Operating Income for the three months ended in Mar. 2026 was MXN25,606 Mil. General Dynamics's Revenue for the three months ended in Mar. 2026 was MXN243,099 Mil. Therefore, General Dynamics's Operating Margin % for the quarter that ended in Mar. 2026 was 10.53%.

Warning Sign:

General Dynamics Corp operating margin has been in a 5-year decline. The average rate of decline per year is -1.8%.

General Dynamics's 5-Year average Growth Rate for Operating Margin % was -1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. General Dynamics's annualized ROC % for the quarter that ended in Mar. 2026 was 9.18%. General Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 76.61%.


General Dynamics  (MEX:GD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

General Dynamics's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=102425.736 * ( 1 - 17.82% )/( (912997.025 + 920280.812)/ 2 )
=84173.4698448/916638.9185
=9.18 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1030808.32 - 75803.997 - ( 42007.298 - max(0, 302423.737 - 436602.214+42007.298))
=912997.025

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1064452.249 - 78279.951 - ( 65891.486 - max(0, 339465.578 - 469841.999+65891.486))
=920280.812

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

General Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=103724.092/( ( (135492.893 + max(-35219.148, 0)) + (135299.348 + max(-61545.606, 0)) )/ 2 )
=103724.092/( ( 135492.893 + 135299.348 )/ 2 )
=103724.092/135396.1205
=76.61 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43321.714 + 166228.622 + 34156.814) - (75803.997 + 176887.997 + 26234.304)
=-35219.148

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40645.706 + 165486.088 + 34604.751) - (78279.951 + 195600.697 + 28401.503)
=-61545.606

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

General Dynamics's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=25606.434/243098.829
=10.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


General Dynamics Operating Income Related Terms


General Dynamics Operating Income Historical Data

* Premium members only.

The historical data trend for General Dynamics's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

General Dynamics Operating Income Chart

General Dynamics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85,399.78 82,097.66 72,055.68 100,023.94 96,438.53

General Dynamics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25,941.00 24,572.11 24,416.13 26,144.28 25,606.43
MEX:GD
86GF Score
General Dynamics Corp MEX:GD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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General Dynamics Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN100,739 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN100,739 Mil mean?
General Dynamics (MEX:GD) has a Operating Income of MXN100,739 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on General Dynamics and its competitors.
Is General Dynamics' Operating Income too high?
General Dynamics' current Operating Income is MXN100,739 Mil. Overall, General Dynamics has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' Operating Income compare to HWM and TDG?
General Dynamics' Operating Income of MXN100,739 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on General Dynamics and its competitors. General Dynamics's current Operating Income is MXN100,739 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (MEX:GD) is currently considered Fairly Valued. The stock's GF Value™ is MXN5,707.06, compared to a current price of MXN5,976.00 — trading 4.7% above its estimated fair value. The current Operating Income is MXN100,739 Mil. General Dynamics' overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For General Dynamics (MEX:GD), the current Operating Income is MXN100,739 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is General Dynamics (MEX:GD) Overvalued in 2026?

Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued. The current stock price of MXN5,976.00 is trading 4.7% above its estimated GF Value™ of MXN5,707.06. GuruFocus considers General Dynamics to be Fairly Valued.

Key valuation signals for MEX:GD:

  • Operating Income: MXN100,739 Mil
  • GF Value™: MXN5,707.06 vs. price of MXN5,976.00 (4.7% above fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the MEX:GD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Dynamics Business Description

Address 11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
86GF Score

Get the complete analysis for MEX:GD

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN5,976.00
Price
MXN5,707.06
GF Value