GD vs HON
General Dynamics Corp. and Honeywell International Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GD | HON |
|---|---|---|
| Revenue | $52.5B | $37.4B |
| Net income | $4.2B | $4.7B |
| Gross margin | · | 36.9% |
| Net margin | 8.0% | 12.7% |
| Return on equity | 17.7% | 29.1% |
| Diluted EPS | $15.45 | $7.36 |
| Dividend / share | · | $4.58 |
| Payout ratio | 37.8% | 62.9% |
| Free cash flow | $4.0B | $5.4B |
| Equity | $25.6B | $13.9B |
| Net debt / equity | 0.22× | 1.61× |
| Current ratio | 1.44× | 1.30× |
| Revenue CAGR 5y | 6.7% | 2.8% |
| Profit CAGR 5y | 5.9% | −0.2% |
GD bills 1.4× the revenue of HON, and HON keeps more of each dollar of revenue as profit (12.7% against 8.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GD | HON |
|---|---|---|
| FY2025 | $52.5B | $37.4B |
| FY2024 | $47.7B | $34.7B |
| FY2023 | $42.3B | $33.0B |
| FY2022 | $39.4B | $35.5B |
| FY2021 | $38.5B | $34.4B |
| FY2020 | $37.9B | $32.6B |
| FY2019 | $39.4B | $36.7B |
| FY2018 | $36.2B | $41.8B |
| FY2017 | $31.0B | $40.5B |
| FY2016 | $30.6B | $39.3B |
Bottom line
| Fiscal year | GD | HON |
|---|---|---|
| FY2025 | $4.2B | $4.7B |
| FY2024 | $3.8B | $5.7B |
| FY2023 | $3.3B | $5.7B |
| FY2022 | $3.4B | $5.0B |
| FY2021 | $3.3B | $5.5B |
| FY2020 | $3.2B | $4.8B |
| FY2019 | $3.5B | $6.1B |
| FY2018 | $3.3B | $6.8B |
| FY2017 | $2.9B | $1.5B |
| FY2016 | $2.6B | $4.8B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$15,108,000,000 | GD |
| FY2024 | +$12,999,000,000 | GD |
| FY2023 | +$9,263,000,000 | GD |
| FY2022 | +$3,941,000,000 | GD |
| FY2021 | +$4,077,000,000 | GD |
| FY2020 | +$5,288,000,000 | GD |
| FY2019 | +$2,641,000,000 | GD |
| FY2018 | −$5,609,000,000 | HON |
| FY2017 | −$9,561,000,000 | HON |
| FY2016 | −$8,741,000,000 | HON |
| FY2015 | −$6,800,000,000 | HON |
| FY2014 | −$9,454,000,000 | HON |
| FY2013 | −$8,125,000,000 | HON |
| FY2012 | −$6,673,000,000 | HON |
| FY2011 | −$3,852,000,000 | HON |
| FY2010 | +$116,000,000 | GD |
| FY2009 | +$2,030,000,000 | GD |
| FY2008 | −$7,256,000,000 | HON |
| FY2007 | −$7,349,000,000 | HON |
The higher-revenue side has changed between GD and HON over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −4.7 pp | HON |
| FY2024 | −8.6 pp | HON |
| FY2023 | −9.3 pp | HON |
| FY2022 | −5.4 pp | HON |
| FY2021 | −7.8 pp | HON |
| FY2020 | −6.6 pp | HON |
| FY2019 | −8.1 pp | HON |
| FY2018 | −7.1 pp | HON |
| FY2017 | +5.5 pp | GD |
| FY2016 | −3.9 pp | HON |
| FY2015 | −3.0 pp | HON |
| FY2014 | −2.5 pp | HON |
| FY2013 | −2.5 pp | HON |
| FY2012 | −8.9 pp | HON |
| FY2011 | +2.1 pp | GD |
| FY2010 | +1.8 pp | GD |
| FY2009 | +2.2 pp | GD |
| FY2008 | +6.1 pp | GD |
| FY2007 | +0.5 pp | GD |
The higher net margin has changed hands between GD and HON over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HON's net margin has been more volatile than GD's over the 19 comparable fiscal years — 4.8 percentage points of standard deviation against 2.2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GD and HON over these 19 fiscal years — GD led in 6 and HON in 13.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HON's return on equity has been more volatile than GD's over the 19 comparable fiscal years — 7.5 percentage points of standard deviation against 6.4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GD and HON over these 19 fiscal years — GD led in 4 and HON in 15.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.