General Dynamics Corporation (GD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,315,000 | 3,390,000 | 3,257,000 | 3,167,000 | 3,484,000 |
| Revenue | US$ in thousands | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 | 39,350,000 |
| Net profit margin | 7.84% | 8.60% | 8.47% | 8.35% | 8.85% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,315,000K ÷ $42,272,000K
= 7.84%
The net profit margin of General Dynamics Corp. has displayed some fluctuations over the past five years. In 2023, the net profit margin decreased to 7.84% from 8.60% in 2022. This is a notable decline that suggests potential changes in the company's operational efficiency or cost structure. In 2021, the net profit margin was 8.47%, slightly lower than 8.60% in 2022. In 2020, the net profit margin was 8.35%, showing a slight decrease compared to 8.47% in 2021. The highest net profit margin of 8.85% was recorded in 2019, but this declined in subsequent years. The trend indicates a general stability in the net profit margin, albeit with some volatility. Further analysis is necessary to understand the factors driving these fluctuations in General Dynamics Corp.'s profitability.
Peer comparison
Dec 31, 2023