8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Jan 28, 2026·SEC
Material company update
Dec 5, 2025·SEC
General Dynamics Corporation(GD)Earnings, Financials & Key Ratios
GD•NYSE
22.6× P/E·Price updated Jun 19, 2026
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%
GD Key Insights
General Dynamics Corporation (GD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 34 years of consecutive increases
- ✓Strong Piotroski F-Score: 8/9
- ✓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.
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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
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$4.10+11.7%
$3.67
Rev
$13.5B+6.1%
$12.7B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$4.17+1.5%
$4.11
Rev
$14.4B+4.2%
$13.8B
Q4 2025
Oct 24, 2025Metric
Actual
Est
EPS
$3.88+4.9%
$3.70
Rev
$12.9B+3.3%
$12.5B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$3.74+5.4%
$3.55
Rev
$13.0B+5.3%
$12.4B
| 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 →
GD Peer Comparison
General Dynamics Corporation (GD) competitors in Defense Prime Contractors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LMT | 117.75B | 510.95 | 23.78 | 5.65% | 6.38% | 74.53% | 3.23 | |
 RTX | 249.94B | 185.60 | 37.42 | 9.74% | 8.03% | 10.92% | 0.59 | |
 NOC | 74.07B | 521.50 | 17.93 | 2.24% | 10.8% | 28.05% | 1.18 | |
 BA | 175.57B | 222.72 | 89.81 | 34.49% | 2.46% | 289.7% | 9.97 | |
 LHX | 55.07B | 294.82 | 34.56 | 2.53% | 7.71% | 8.87% | 0.53 | |
 HII | 11.24B | 285.43 | 18.55 | 8.23% | 4.71% | 12.05% | 0.62 | |
 TXT | 15.58B | 89.47 | 17.51 | 8.01% | 6.15% | 12.13% | 0.54 | |
 LDOS | 13.47B | 107.07 | 9.62 | 3.07% | 7.77% | 27.1% | 1.19 |
Compare GD vs Peers
General Dynamics Corporation (GD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GD Income Statement
General Dynamics Corporation (GD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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 | 3.19B |
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 | 1.38x |
Quick Ratio | 0.99x | 0.83x | 0.83x | 0.99x | 1.05x | 0.96x | 0.92x | 0.82x | 0.89x | 0.90x |
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 | 7.87B |
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 | 0.31x |
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 | 0.70x |
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
| Metric | 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 | 7.42B |
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% | 2.27% |
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 | 22.62 |
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% | 12.91% |
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 | 0.31x |
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% |
Related:GD Dividend History·GD Revenue History·GD Price History·GD P/E History·GD Financial Ratios·GD Institutional Holders
GD SEC Filings & Documents
General Dynamics Corporation (GD) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 1.66%. 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.