Boeing vs General Dynamics
Boeing is the larger business, with $89.46bn of revenue in fiscal 2025 against $52.55bn for General Dynamics (1.7 times as much). Boeing grew faster (34.5% against 10.1%). General Dynamics kept more of each dollar of sales as profit: a net margin of 8.0% against 2.5%.
| Latest fiscal year | BoeingBA, 2025 | General DynamicsGD, 2025 |
|---|---|---|
| Revenue | $89.46bn | $52.55bn |
| Revenue growth | 34.5% | 10.1% |
| Net income | $2.23bn | $4.21bn |
| Operating margin | 4.8% | — |
| Net margin | 2.5% | 8.0% |
| Return on equity | — | 17.7% |
| Free cash flow | −$1.88bn | $3.96bn |
| Cash | $10.92bn | $2.33bn |
| Total debt | $54.10bn | $8.07bn |
| Debt to equity | 991.9% | — |
| Dividend per share | — | — |
| Dividend yield | 0.3% | 1.6% |
| Share buybacks | — | $637m |
| Employees | — | 40,000 |
| Market value | $137.68bn | $102.13bn |
| Price vs our value range | — | Within our value range |
| Moat score | 28 (Weak) | 60 (Moderate) |
| Insider trades, 12 months | 3 buys, 5 sales | 0 buys, 27 sales |