Operating Profit Margin
since 2005
Calculation
General Dynamics Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating earnings1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 11.81% | = | 100 | × | 4,648) | ÷ | 39,350) |
| Dec 31, 2018 | 12.31% | = | 100 | × | 4,457) | ÷ | 36,193) |
| Dec 31, 2017 | 13.49% | = | 100 | × | 4,177) | ÷ | 30,973) |
| Dec 31, 2016 | 13.74% | = | 100 | × | 4,309) | ÷ | 31,353) |
| Dec 31, 2015 | 13.28% | = | 100 | × | 4,178) | ÷ | 31,469) |
| Dec 31, 2014 | 12.61% | = | 100 | × | 3,889) | ÷ | 30,852) |
| Dec 31, 2013 | 11.80% | = | 100 | × | 3,685) | ÷ | 31,218) |
| Dec 31, 2012 | 2.64% | = | 100 | × | 833) | ÷ | 31,513) |
| Dec 31, 2011 | 11.71% | = | 100 | × | 3,826) | ÷ | 32,677) |
| Dec 31, 2010 | 12.15% | = | 100 | × | 3,945) | ÷ | 32,466) |
| Dec 31, 2009 | 11.49% | = | 100 | × | 3,675) | ÷ | 31,981) |
| Dec 31, 2008 | 124.68% | = | 100 | × | 3,653) | ÷ | 2,930) |
| Dec 31, 2007 | 11.43% | = | 100 | × | 3,113) | ÷ | 27,240) |
| Dec 31, 2006 | 10.91% | = | 100 | × | 2,625) | ÷ | 24,063) |
| Dec 31, 2005 | 10.34% | = | 100 | × | 2,197) | ÷ | 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 financial data indicates varying trends in operating earnings, revenues, and operating profit margin over the analyzed period.
- Operating Earnings
- Operating earnings showed a general upward trend from 2005 to 2019, increasing from 2,197 million US dollars in 2005 to 4,648 million US dollars in 2019. Notably, there was a significant drop in 2012, where earnings declined sharply to 833 million US dollars before recovering in subsequent years. The recovery was steady, with earnings surpassing previous highs by 2013 and continuing to grow through 2019.
- Revenues
- Revenues generally increased from 21,244 million US dollars in 2005 to 39,350 million US dollars in 2019. However, there was an evident abnormality in 2008, where reported revenues were drastically lower at 2,930 million US dollars, which appears inconsistent with the surrounding years and may reflect data irregularity or extraordinary circumstances. Aside from this, revenues showed a steady rise, with minor fluctuations, and a more marked growth after 2017.
- Operating Profit Margin
- The operating profit margin maintained a relatively stable range between approximately 10.3% and 13.7% from 2005 through 2011. A considerable anomaly is recorded in 2008, where the margin is stated as 124.68%, which is likely an outlier or data error. After 2011, the margin declined sharply in 2012 to 2.64%, coinciding with the drop in operating earnings observed that year. From 2013 onwards, the margin stabilized in the range of 11.8% to 13.7%, with a slight downward trend noted towards 2019.
Overall, the data reveals consistent growth in revenues and operating earnings over the long term, despite a few irregularities and a significant dip around 2012. The operating profit margin, while mostly stable, shows exceptional anomalies in 2008 and a substantial decline in 2012, both of which warrant further investigation to understand underlying causes. Excluding these outliers, financial performance improved moderately, aligning with the increasing earnings and revenue figures.
Comparison to Competitors
General Dynamics Corp., operating profit margin, long-term trends, comparison to competitors
| General Dynamics Corp. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 11.81% | -2.58% | 16.33% | 14.29% | 11.64% |
| Dec 31, 2018 | 12.31% | 11.85% | 16.00% | 13.64% | 12.86% |
| Dec 31, 2017 | 13.49% | 11.01% | 10.32% | 11.60% | 14.49% |
| Dec 31, 2016 | 13.74% | 6.17% | 1.39% | 11.74% | 14.28% |
| Dec 31, 2015 | 13.28% | 7.74% | 7.38% | 11.78% | 13.00% |
| Dec 31, 2014 | 12.61% | 8.23% | 10.22% | 12.26% | 15.01% |
| Dec 31, 2013 | 11.80% | 7.58% | 10.68% | 9.93% | 14.70% |
| Dec 31, 2012 | 2.64% | 7.72% | 13.59% | 9.40% | 13.32% |
| Dec 31, 2011 | 11.71% | 8.50% | 12.46% | 8.56% | 13.92% |
| Dec 31, 2010 | 12.15% | 7.73% | 9.94% | 8.94% | 13.23% |
| Dec 31, 2009 | 11.49% | 3.07% | 1.95% | 9.88% | 12.33% |
| Dec 31, 2008 | 124.68% | 6.49% | 9.26% | 12.01% | 13.14% |
| Dec 31, 2007 | 11.43% | 8.78% | 11.73% | 10.81% | 13.08% |
| Dec 31, 2006 | 10.91% | 4.90% | 12.66% | 9.98% | 12.94% |
| Dec 31, 2005 | 10.34% | 5.13% | 11.13% | 8.02% | 12.26% |
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).