Net Profit Margin
since 2005
Calculation
General Dynamics Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings (loss)1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 8.85% | = | 100 | × | 3,484) | ÷ | 39,350) |
| Dec 31, 2018 | 9.24% | = | 100 | × | 3,345) | ÷ | 36,193) |
| Dec 31, 2017 | 9.40% | = | 100 | × | 2,912) | ÷ | 30,973) |
| Dec 31, 2016 | 9.42% | = | 100 | × | 2,955) | ÷ | 31,353) |
| Dec 31, 2015 | 9.42% | = | 100 | × | 2,965) | ÷ | 31,469) |
| Dec 31, 2014 | 8.21% | = | 100 | × | 2,533) | ÷ | 30,852) |
| Dec 31, 2013 | 7.55% | = | 100 | × | 2,357) | ÷ | 31,218) |
| Dec 31, 2012 | -1.05% | = | 100 | × | (332) | ÷ | 31,513) |
| Dec 31, 2011 | 7.73% | = | 100 | × | 2,526) | ÷ | 32,677) |
| Dec 31, 2010 | 8.08% | = | 100 | × | 2,624) | ÷ | 32,466) |
| Dec 31, 2009 | 7.49% | = | 100 | × | 2,394) | ÷ | 31,981) |
| Dec 31, 2008 | 83.92% | = | 100 | × | 2,459) | ÷ | 2,930) |
| Dec 31, 2007 | 7.61% | = | 100 | × | 2,072) | ÷ | 27,240) |
| Dec 31, 2006 | 7.71% | = | 100 | × | 1,856) | ÷ | 24,063) |
| Dec 31, 2005 | 6.88% | = | 100 | × | 1,461) | ÷ | 21,244) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin exhibited a general upward trajectory from 2005 to 2019, characterized by initial stability, periods of significant volatility, and a peak in operational efficiency during the mid-2010s.
- Early Period and Statistical Volatility (2005–2011)
- From 2005 to 2007, profitability remained consistent, with margins ranging between 6.88% and 7.71%. A significant anomaly is observed in 2008, where the margin spiked to 83.92% due to a sharp divergence between net earnings and reported revenues. Following this outlier, margins stabilized again between 2009 and 2011, fluctuating within a narrow band of 7.49% to 8.08%.
- The 2012 Profitability Contraction
- A severe decline occurred in 2012, resulting in a negative net profit margin of -1.05%. This contraction coincides with a net loss of 332 million US dollars, marking the only period of negative earnings throughout the observed timeframe.
- Recovery and Margin Expansion (2013–2019)
- A sustained recovery began in 2013, with the net profit margin climbing from 7.55% to a peak of 9.42% in 2015 and 2016. This era represents the highest sustained profitability levels in the sequence. While revenues continued to grow, reaching a high of 39,350 million US dollars by 2019, the net profit margin experienced a slight cooling effect in the final two years, descending to 8.85%.
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Comparison to Competitors
General Dynamics Corp., net profit margin, long-term trends, comparison to competitors
| General Dynamics Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 8.85% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 9.24% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 9.40% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 9.42% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 9.42% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 8.21% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 7.55% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | -1.05% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 7.73% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 8.08% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 7.49% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 83.92% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 7.61% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 7.71% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 6.88% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
General Dynamics Corp., net profit margin, long-term trends, comparison to sector (capital goods)
| General Dynamics Corp. | Capital Goods | |
|---|---|---|
| Dec 31, 2019 | 8.85% | 5.03% |
| Dec 31, 2018 | 9.24% | 2.99% |
| Dec 31, 2017 | 9.40% | 3.41% |
| Dec 31, 2016 | 9.42% | 7.61% |
| Dec 31, 2015 | 9.42% | 4.69% |
| Dec 31, 2014 | 8.21% | 9.51% |
| Dec 31, 2013 | 7.55% | 8.78% |
| Dec 31, 2012 | -1.05% | 8.73% |
| Dec 31, 2011 | 7.73% | 9.04% |
| Dec 31, 2010 | 8.08% | 7.93% |
| Dec 31, 2009 | 7.49% | 6.61% |
| Dec 31, 2008 | 83.92% | 9.45% |
| Dec 31, 2007 | 7.61% | 11.53% |
| Dec 31, 2006 | 7.71% | 10.82% |
| Dec 31, 2005 | 6.88% | 9.72% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
General Dynamics Corp., net profit margin, long-term trends, comparison to industry (industrials)
| General Dynamics Corp. | Industrials | |
|---|---|---|
| Dec 31, 2019 | 8.85% | 4.11% |
| Dec 31, 2018 | 9.24% | 4.75% |
| Dec 31, 2017 | 9.40% | 5.79% |
| Dec 31, 2016 | 9.42% | 7.43% |
| Dec 31, 2015 | 9.42% | 6.48% |
| Dec 31, 2014 | 8.21% | 8.76% |
| Dec 31, 2013 | 7.55% | 8.23% |
| Dec 31, 2012 | -1.05% | 7.39% |
| Dec 31, 2011 | 7.73% | 8.26% |
| Dec 31, 2010 | 8.08% | 7.48% |
| Dec 31, 2009 | 7.49% | 5.76% |
| Dec 31, 2008 | 83.92% | 7.27% |
| Dec 31, 2007 | 7.61% | 9.56% |
| Dec 31, 2006 | 7.71% | 14.87% |
| Dec 31, 2005 | 6.88% | 3.55% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).