General Dynamics Corporation(GD)Earnings, Financials & Key Ratios

GD•NYSE

$347.27

$93.91B mkt cap·22.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustryDefense Prime Contractors

AboutGeneral Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships. This segment also provides navy ships maintenance and modernization services; lifecycle support and repair services for navy surface ships; and program management, planning, engineering, and design support services for submarines and surface ships. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments. This segment also offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; and intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers. This segment also offers cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; software-defined networks; everything-as-a-service; defense enterprise office system solutions; and unmanned undersea vehicle manufacturing and assembly services. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia.Show more

Revenue$52.55B+10.1%
EBITDA$6.04B+6.2%
Net Income$4.21B+11.3%
EPS (Diluted)15.46+13.4%
Gross Margin15.13%-2.0%
EBITDA Margin11.49%-3.5%
Operating Margin10.19%+1.4%
Net Margin8.01%+1.1%
ROE17.66%+1.2%
ROIC12.53%+7.1%
Debt/Equity0.38-21.0%
Interest Coverage17.25+37.4%

Analysis→Technical→

GD Key Insights

General Dynamics Corporation (GD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓12 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 17.2%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

GD Price & Volume

General Dynamics Corporation (GD) stock price & volume — 10-year historical chart

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GD Growth Metrics

General Dynamics Corporation (GD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.16%

5 Years6.74%

3 Years10.07%

TTM9.35%

Profit CAGR

10 Years3.32%

5 Years5.86%

3 Years7.49%

TTM9.15%

EPS CAGR

10 Years5.47%

5 Years7.04%

3 Years8.24%

TTM10.26%

Return on Capital

10 Years14.35%

5 Years12.17%

3 Years12.52%

Last Year13.64%

GD Recent Earnings

General Dynamics Corporation (GD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

Apr 29, 2026

EPS

$4.10

Est $3.67

+11.7%

Revenue

$13.5B

Est $12.7B

+6.1%

Q1 2026

Jan 28, 2026

EPS

$4.17

Est $4.11

+1.5%

Revenue

$14.4B

Est $13.8B

+4.2%

Q4 2025

Oct 24, 2025

EPS

$3.88

Est $3.70

+4.9%

Revenue

$12.9B

Est $12.5B

+3.3%

Q3 2025

Jul 23, 2025

EPS

$3.74

Est $3.55

+5.4%

Revenue

$13.0B

Est $12.4B

+5.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 29, 2026	$4.10vs $3.67+11.7%	$13.5Bvs $12.7B+6.1%
Q1 2026	Jan 28, 2026	$4.17vs $4.11+1.5%	$14.4Bvs $13.8B+4.2%
Q4 2025	Oct 24, 2025	$3.88vs $3.70+4.9%	$12.9Bvs $12.5B+3.3%
Q3 2025	Jul 23, 2025	$3.74vs $3.55+5.4%	$13.0Bvs $12.4B+5.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
LMTLockheed Martin CorporationDirect Competitor	118.52B	514.26	23.93	5.65%	6.38%	74.53%	3.23
RTXRTX CorporationDirect Competitor	238.01B	176.74	35.63	9.74%	8.03%	10.92%	0.59
NOCNorthrop Grumman CorporationDirect Competitor	79.36B	558.72	19.21	2.24%	10.8%	28.05%	1.18
BAThe Boeing CompanyDirect Competitor	181.25B	229.93	92.71	34.49%	2.46%	289.7%	9.97
LHXL3Harris Technologies, Inc.Direct Competitor	56.45B	302.20	35.43	2.53%	7.71%	8.87%	0.53
HIIHuntington Ingalls Industries, Inc.Product Competitor	12.58B	319.54	20.76	8.23%	4.71%	12.05%	0.62
TXTTextron Inc.Product Competitor	16.21B	93.09	18.22	8.01%	6.15%	12.13%	0.54
LDOSLeidos Holdings, Inc.Product Competitor	16.99B	134.90	12.12	3.07%	8.2%	28.87%	1.19

Compare GD vs Peers

General Dynamics Corporation (GD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LMT

Most directly comparable listed peer for GD.

Scale Benchmark

vs GE

Larger-name benchmark to compare GD against a more recognizable public peer.

Peer Set

Compare Top 5

vs LMT, RTX, NOC, BA

GD Income Statement

General Dynamics Corporation (GD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	30.97B	36.19B	39.35B	37.92B	38.47B	39.41B	42.27B	47.72B	52.55B	53.81B
Revenue Growth %	1.35%	16.85%	8.72%	-3.62%	1.43%	2.44%	7.27%	12.88%	10.13%	9.35%
Cost of Goods Sold	24.73B	29.54B	32.36B	31.6B	32.06B	32.78B	35.6B	40.35B	44.6B	45.61B
COGS % of Revenue	79.85%	81.61%	82.24%	83.32%	83.34%	83.2%	84.22%	84.57%	84.87%	-
Gross Profit	6.24B▲ 0%	6.66B▲ 6.6%	6.99B▲ 5.0%	6.33B▼ 9.5%	6.41B▲ 1.3%	6.62B▲ 3.3%	6.67B▲ 0.8%	7.36B▲ 10.4%	7.95B▲ 8.0%	8.2B▲ 0%
Gross Margin %	20.15%	18.39%	17.76%	16.68%	16.66%	16.8%	15.78%	15.43%	15.13%	15.24%
Gross Profit Growth %	10.19%	6.65%	4.96%	-9.47%	1.31%	3.34%	0.76%	10.37%	7.97%	-
Operating Expenses	2.01B	2.26B	2.42B	2.19B	2.25B	2.41B	2.43B	2.57B	2.6B	2.69B
OpEx % of Revenue	6.48%	6.25%	6.14%	5.78%	5.84%	6.12%	5.74%	5.38%	4.94%	-
Selling, General & Admin	2.01B	2.26B	2.42B	2.19B	2.25B	2.41B	2.43B	2.57B	2.53B	2.69B
SG&A % of Revenue	6.48%	6.25%	6.14%	5.78%	5.84%	6.12%	5.74%	5.38%	4.82%	-
Research & Development	0	0	0	0	415M	480M	510M	565M	486M	486M
R&D % of Revenue	-	-	-	-	1.08%	1.22%	1.21%	1.18%	0.92%	-
Other Operating Expenses	0	0	0	0	-415M	-480M	-510M	-565M	-422M	-1000K
Operating Income	4.24B▲ 0%	4.39B▲ 3.7%	4.57B▲ 4.0%	4.13B▼ 9.6%	4.16B▲ 0.7%	4.21B▲ 1.2%	4.25B▲ 0.8%	4.8B▲ 13.0%	5.36B▲ 11.7%	5.51B▲ 0%
Operating Margin %	13.68%	12.14%	11.61%	10.9%	10.82%	10.69%	10.04%	10.05%	10.19%	10.24%
Operating Income Growth %	13.14%	3.73%	4.01%	-9.56%	0.73%	1.15%	0.81%	12.98%	11.68%	-
EBITDA	4.68B	5.16B	5.4B	5.01B	5.05B	5.09B	5.11B	5.68B	6.04B	6.2B
EBITDA Margin %	15.1%	14.25%	13.72%	13.21%	13.14%	12.93%	12.08%	11.91%	11.49%	11.52%
EBITDA Growth %	11.44%	10.26%	4.69%	-7.19%	0.84%	0.83%	0.26%	11.24%	6.23%	4.57%
D&A (Non-Cash Add-back)	441M	763M	829M	878M	890M	884M	863M	886M	680M	689M
EBIT	4.19B	4.46B	4.67B	4.23B	4.3B	4.43B	4.38B	4.93B	5.42B	5.57B
Net Interest Income	-103M	-356M	-460M	-477M	-424M	-364M	-343M	-324M	-314M	-294M
Interest Income	14M	18M	12M	12M	7M	27M	56M	69M	0	0
Interest Expense	117M	374M	472M	489M	431M	391M	399M	393M	314M	294M
Other Income/Expense	-159M	-309M	-368M	-395M	-290M	-175M	-261M	-256M	-253M	-236M
Pretax Income	4.08B▲ 0%	4.08B▲ 0.2%	4.2B▲ 2.9%	3.74B▼ 11.0%	3.87B▲ 3.6%	4.04B▲ 4.2%	3.98B▼ 1.3%	4.54B▲ 14.0%	5.1B▲ 12.4%	5.27B▲ 0%
Pretax Margin %	13.16%	11.29%	10.68%	9.86%	10.07%	10.24%	9.42%	9.51%	9.71%	9.8%
Income Tax	1.17B	727M	718M	571M	616M	646M	669M	758M	893M	931M
Effective Tax Rate %	28.57%	17.8%	17.09%	15.28%	15.9%	16.01%	16.79%	16.7%	17.5%	17.66%
Net Income	2.91B▲ 0%	3.35B▲ 14.9%	3.48B▲ 4.2%	3.17B▼ 9.1%	3.26B▲ 2.8%	3.39B▲ 4.1%	3.31B▼ 2.2%	3.78B▲ 14.1%	4.21B▲ 11.3%	4.34B▲ 0%
Net Margin %	9.4%	9.24%	8.85%	8.35%	8.47%	8.6%	7.84%	7.93%	8.01%	8.07%
Net Income Growth %	13.22%	14.87%	4.16%	-9.1%	2.84%	4.08%	-2.21%	14.09%	11.32%	9.15%
Net Income (Continuing)	2.91B	3.36B	3.48B	3.17B	3.26B	3.39B	3.31B	3.78B	4.21B	4.34B
Discontinued Operations	0	-13M	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	9.56▲ 0%	11.18▲ 16.9%	11.98▲ 7.2%	11.00▼ 8.2%	11.55▲ 5.0%	12.19▲ 5.5%	12.02▼ 1.4%	13.63▲ 13.4%	15.46▲ 13.4%	15.84▲ 0%
EPS Growth %	15.32%	16.95%	7.16%	-8.18%	5%	5.54%	-1.39%	13.39%	13.43%	10.26%
EPS (Basic)	9.73	11.33	12.09	11.04	11.61	12.31	12.14	13.81	15.64	-
Diluted Shares Outstanding	304.6M	299.2M	290.84M	287.91M	282.02M	278.17M	275.73M	277.49M	273.9M	274.1M
Basic Shares Outstanding	299.2M	295.3M	288.29M	286.92M	280.43M	275.31M	273.14M	277.48M	269.9M	270.2M
Dividend Payout Ratio	33.86%	32.14%	33.07%	39.15%	40.37%	40.38%	43.08%	40.43%	37.84%	-

GD Balance Sheet

General Dynamics Corporation (GD) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	18.28B	18.19B	20.29B	21.54B	19.99B	21.06B	23.61B	24.39B	24.25B	26.05B
Cash & Short-Term Investments	2.98B	963M	902M	2.82B	1.6B	1.24B	1.91B	1.7B	2.33B	3.65B
Cash Only	2.98B	963M	902M	2.82B	1.6B	1.24B	1.91B	1.7B	2.33B	3.65B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.86B	10.34B	11.4B	11.19B	11.54B	11.8B	11B	11.22B	10.79B	11.3B
Days Sales Outstanding	104.37	104.23	105.75	107.65	109.48	109.32	94.99	85.86	74.92	78.11
Inventory	5.3B	5.98B	6.31B	5.75B	5.34B	6.32B	8.58B	9.72B	9.23B	9.18B
Days Inventory Outstanding	78.27	73.86	71.12	66.36	60.79	70.38	87.95	87.96	75.56	76.25
Other Current Assets	1.19B	914M	1.68B	1.79B	1.5B	1.7B	2.12B	1.74B	1.9B	1.92B
Total Non-Current Assets	16.72B	27.22B	29.06B	29.77B	30.09B	30.52B	31.2B	31.49B	33B	32.97B
Property, Plant & Equipment	3.52B	4.35B	4.47B	5.1B	5.42B	5.9B	6.2B	6.47B	7.53B	7.5B
Fixed Asset Turnover	8.81x	8.32x	8.79x	7.44x	7.10x	6.68x	6.82x	7.38x	6.98x	7.64x
Goodwill	11.91B	19.59B	19.68B	20.05B	20.1B	20.33B	20.59B	20.56B	21.01B	20.96B
Intangible Assets	702M	2.58B	2.31B	2.12B	1.98B	1.82B	1.66B	1.52B	1.38B	1.33B
Long-Term Investments	0	0	-33M	0	-41M	-39M	-28M	0	0	0
Other Non-Current Assets	585M	692M	2.59B	2.5B	2.59B	2.46B	2.78B	2.95B	3.09B	12.1B
Total Assets	34.99B▲ 0%	45.41B▲ 29.8%	48.84B▲ 7.6%	51.31B▲ 5.1%	50.07B▼ 2.4%	51.59B▲ 3.0%	54.81B▲ 6.3%	55.88B▲ 2.0%	57.25B▲ 2.4%	59.03B▲ 0%
Asset Turnover	0.89x	0.80x	0.81x	0.74x	0.77x	0.76x	0.77x	0.85x	0.92x	0.93x
Asset Growth %	6.46%	29.76%	7.56%	5.05%	-2.41%	3.02%	6.25%	1.95%	2.45%	9.89%
Total Current Liabilities	13.05B	14.74B	16.8B	15.96B	13.98B	15.34B	16.43B	17.82B	16.8B	18.82B
Accounts Payable	3.21B	3.18B	3.16B	2.95B	3.17B	3.4B	3.1B	3.34B	2.68B	2.84B
Days Payables Outstanding	47.33	39.29	35.66	34.1	36.05	37.83	31.73	30.25	21.92	24.13
Short-Term Debt	2M	973M	2.92B	3B	1B	1.25B	507M	1.5B	1.01B	1.75B
Deferred Revenue (Current)	6.99B	7.27B	7.15B	6.28B	6.27B	7.44B	9.56B	9.49B	9.82B	41.81B
Other Current Liabilities	2.11B	2.37B	2.38B	2.08B	1.85B	1.5B	1.39B	1.45B	1.46B	3.38B
Current Ratio	1.40x	1.23x	1.21x	1.35x	1.43x	1.37x	1.44x	1.37x	1.44x	1.44x
Quick Ratio	0.99x	0.83x	0.83x	0.99x	1.05x	0.96x	0.92x	0.82x	0.89x	0.89x
Cash Conversion Cycle	135.31	138.8	141.21	139.91	134.22	141.88	151.2	143.57	128.56	130.24
Total Non-Current Liabilities	10.51B	18.94B	18.57B	19.68B	18.45B	17.68B	17.08B	15.99B	14.83B	14.13B
Long-Term Debt	3.98B	11.44B	9.01B	9.99B	10.49B	9.24B	8.75B	7.26B	7.01B	6.26B
Capital Lease Obligations	0	0	1.25B	1.4B	1.34B	1.33B	1.5B	1.59B	1.48B	4.62B
Deferred Tax Liabilities	244M	577M	588M	461M	0	0	0	0	0	0
Other Non-Current Liabilities	6.29B	6.92B	7.01B	6.95B	5.37B	4.93B	4.25B	4.14B	3.7B	19.58B
Total Liabilities	23.56B	33.68B	35.26B	35.65B	32.43B	33.02B	33.51B	33.82B	31.63B	32.95B
Total Debt	3.98B	12.42B	13.43B	14.73B	13.18B	12.11B	11.08B	10.68B	9.79B	8.01B
Net Debt	999M	11.45B	12.53B	11.91B	11.57B	10.87B	9.17B	8.98B	7.46B	4.36B
Debt / Equity	0.35x	1.06x	0.99x	0.94x	0.75x	0.65x	0.52x	0.48x	0.38x	0.38x
Debt / EBITDA	0.85x	2.41x	2.49x	2.94x	2.61x	2.38x	2.17x	1.88x	1.62x	1.29x
Net Debt / EBITDA	0.21x	2.22x	2.32x	2.38x	2.29x	2.13x	1.80x	1.58x	1.24x	1.24x
Interest Coverage	35.85x	11.92x	9.90x	8.64x	9.99x	11.32x	10.98x	12.55x	17.25x	18.94x
Total Equity	11.44B▲ 0%	11.73B▲ 2.6%	13.58B▲ 15.7%	15.66B▲ 15.3%	17.64B▲ 12.6%	18.57B▲ 5.3%	21.3B▲ 14.7%	22.06B▲ 3.6%	25.62B▲ 16.1%	26.08B▲ 0%
Equity Growth %	4.18%	2.6%	15.73%	15.35%	12.64%	5.25%	14.71%	3.59%	16.13%	46.84%
Book Value per Share	37.54	39.21	46.68	54.39	62.55	66.75	77.25	79.51	93.55	95.14
Total Shareholders' Equity	11.44B	11.73B	13.58B	15.66B	17.64B	18.57B	21.3B	22.06B	25.62B	26.08B
Common Stock	482M	482M	482M	482M	482M	482M	482M	482M	482M	482M
Retained Earnings	26.44B	29.33B	31.63B	33.5B	35.42B	37.4B	39.27B	41.49B	44.08B	44.77B
Treasury Stock	-15.54B	-17.24B	-17.36B	-17.89B	-19.62B	-20.72B	-21.05B	-22.45B	-22.86B	-23.05B
Accumulated OCI	-2.82B	-3.78B	-4.22B	-3.55B	-1.92B	-2.15B	-1.16B	-1.52B	-483M	-557M
Minority Interest	0	0	0	0	0	0	0	0	0	0

GD Cash Flow Statement

General Dynamics Corporation (GD) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	3.88B	3.15B	2.98B	3.86B	4.27B	4.58B	4.71B	4.11B	5.12B	5.12B
Operating CF Margin %	12.52%	8.7%	7.58%	10.17%	11.1%	11.62%	11.14%	8.62%	9.74%	-
Operating CF Growth %	76.48%	-18.85%	-5.3%	29.42%	10.71%	7.21%	2.86%	-12.7%	24.51%	1673.6%
Net Income	2.91B	3.35B	3.48B	3.17B	3.26B	3.39B	3.31B	3.78B	4.21B	4.34B
Depreciation & Amortization	441M	763M	829M	878M	890M	884M	863M	886M	924M	933M
Stock-Based Compensation	123M	140M	133M	128M	126M	165M	181M	183M	196M	202M
Deferred Taxes	401M	-3M	92M	-127M	-66M	-178M	-177M	-86M	256M	601M
Other Non-Cash Items	186M	-272M	37M	-23M	-617M	-362M	-107M	-69M	-658M	-580M
Working Capital Changes	-184M	-825M	-1.59B	-165M	681M	680M	635M	-584M	192M	1.93B
Change in Receivables	-195M	417M	176M	371M	138M	46M	38M	-245M	556M	1.9B
Change in Inventory	-182M	-591M	-376M	502M	405M	-980M	-2.22B	-1.2B	450M	597M
Change in Payables	657M	-197M	6M	-215M	194M	224M	-303M	247M	-664M	-512M
Cash from Investing	-791M	-10.23B	-994M	-974M	-882M	-1.49B	-945M	-959M	-1.29B	-1.35B
Capital Expenditures	-428M	-690M	-987M	-967M	-887M	-1.11B	-904M	-916M	-1.16B	-1.22B
CapEx % of Revenue	1.38%	1.91%	2.51%	2.55%	2.31%	2.83%	2.14%	1.92%	2.21%	-
Acquisitions	-399M	-10.1B	-19M	-203M	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	36M	555M	12M	196M	5M	-375M	-41M	-43M	-133M	-132M
Cash from Financing	-2.4B	5.09B	-2B	-903M	-4.59B	-3.47B	-3.09B	-3.37B	-3.19B	-3.64B
Debt Issued (Net)	85M	8.43B	-559M	1.02B	-1.5B	-1B	-1.25B	-500M	-753M	-1.59B
Equity Issued (Net)	-1.56B	-1.77B	-231M	-587M	-1.83B	-1.23B	-434M	-1.5B	-637M	-854M
Dividends Paid	-986M	-1.07B	-1.15B	-1.24B	-1.31B	-1.37B	-1.43B	-1.53B	-1.59B	-1.61B
Share Repurchases	-1.56B	-1.77B	-231M	-587M	-1.83B	-1.23B	-434M	-1.5B	-637M	-854M
Other Financing	60M	-503M	-55M	-95M	50M	127M	18M	161M	-207M	418M
Net Change in Cash	649M▲ 0%	-2.02B▼ 411.2%	-61M▲ 97.0%	1.92B▲ 3250.8%	-1.22B▼ 163.5%	-361M▲ 70.4%	671M▲ 285.9%	-216M▼ 132.2%	636M▲ 394.4%	2.41B▲ 0%
Free Cash Flow	3.45B▲ 0%	2.46B▼ 28.8%	1.99B▼ 18.9%	2.89B▲ 45.0%	3.38B▲ 17.1%	3.46B▲ 2.4%	3.81B▲ 9.8%	3.2B▼ 16.0%	3.96B▲ 23.9%	6.2B▲ 0%
FCF Margin %	11.14%	6.79%	5.07%	7.62%	8.8%	8.79%	9%	6.7%	7.53%	11.52%
FCF Growth %	91.09%	-28.77%	-18.88%	44.98%	17.05%	2.39%	9.84%	-16.03%	23.87%	85.49%
FCF per Share	11.33	8.22	6.86	10.04	12.00	12.46	13.80	11.52	14.45	14.45
FCF Conversion (FCF/Net Income)	1.33x	0.94x	0.86x	1.22x	1.31x	1.35x	1.42x	1.09x	1.22x	1.43x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	-34M

GD Key Ratios

General Dynamics Corporation (GD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	25.99%	28.88%	27.53%	21.66%	19.56%	18.72%	16.63%	17.44%	17.66%	17.41%
Return on Invested Capital (ROIC)	25.45%	18.5%	13.91%	11.55%	11%	10.77%	10.63%	11.7%	12.53%	12.53%
Gross Margin	20.15%	18.39%	17.76%	16.68%	16.66%	16.8%	15.78%	15.43%	15.13%	15.24%
Net Margin	9.4%	9.24%	8.85%	8.35%	8.47%	8.6%	7.84%	7.93%	8.01%	8.07%
Debt / Equity	0.35x	1.06x	0.99x	0.94x	0.75x	0.65x	0.52x	0.48x	0.38x	0.38x
Interest Coverage	35.85x	11.92x	9.90x	8.64x	9.99x	11.32x	10.98x	12.55x	17.25x	18.94x
FCF Conversion	1.33x	0.94x	0.86x	1.22x	1.31x	1.35x	1.42x	1.09x	1.22x	1.43x
Revenue Growth	1.35%	16.85%	8.72%	-3.62%	1.43%	2.44%	7.27%	12.88%	10.13%	9.35%

GD SEC Filings & Documents

General Dynamics Corporation (GD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 29, 2026·SEC

Material company update

Jan 28, 2026·SEC

Material company update

Dec 5, 2025·SEC

10-K Annual Reports

FY 2026

Jan 30, 2026·SEC

FY 2025

Feb 7, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 24, 2025·SEC

FY 2025

Jul 23, 2025·SEC

GD Frequently Asked Questions

General Dynamics Corporation (GD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

General Dynamics Corporation (GD) reported $53.81B in revenue for fiscal year 2025. This represents a 1403% increase from $3.58B in 1996.

General Dynamics Corporation (GD) grew revenue by 10.1% over the past year. This is steady growth.

Yes, General Dynamics Corporation (GD) is profitable, generating $4.34B in net income for fiscal year 2025 (8.0% net margin).

Dividend & Returns

Yes, General Dynamics Corporation (GD) pays a dividend with a yield of 1.67%. This makes it attractive for income-focused investors.

General Dynamics Corporation (GD) has a return on equity (ROE) of 17.7%. This is reasonable for most industries.

General Dynamics Corporation (GD) generated $6.20B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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