GD

General Dynamics
D

GD

Arincen83/100B

If you had invested in General Dynamics ago, it would be worth $2,675 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

83/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

General Dynamics key facts

Style
Value stock · 6.7/10Growth 4.4 · Value 6.7 · Dividend 5.5
Day range
360.43 – 367.69
52-week range
306.77 – 400.00
Market capitalization
97.95B USD
P/E
21.03
PEG ratio
2.45
EPS
17.24
Div Yield
1.75%
EPS growth forecast (FY2026)
+12.0%
Volume
3,849
Beta
0.31
ESG score
56.7/100Environment 53 · Social 54 · Governance 63
Sector
Industrials
Industry
Aerospace & Defense
CEO
Phebe N. Novakovic
Employees
117K
Website
gd.com
IPO date
13 Jan 1978

General Dynamics earnings

Next earnings · Q4 FY2026
EPS estimate
4.53 USD
Revenue estimate
14.77B USD
Last quarter · Q3 FY2026
EPS4.49Beat +9.0%Revenue14.57BBeat +6.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20284.73——+8.29%14.85B——+5.24%
Q4 FY20275.11——+12.79%15.81B——+7.07%
Q1 FY20274.37——+6.63%14.11B——+4.65%
Q4 FY20264.53——+8.63%14.77B——+2.70%
Q3 FY20264.124.49+8.98%+15.72%13.72B14.57B+6.18%+12.85%
Q2 FY20263.964.24+7.07%+13.37%13.52B14.09B+4.23%+8.07%
Q1 FY20263.674.10+11.72%+12.02%12.70B13.48B+6.14%+10.29%
Q4 FY20254.114.17+1.46%+0.48%13.80B14.38B+4.16%+7.80%
Q3 FY20253.703.88+4.86%+15.82%12.50B12.91B+3.30%+10.59%
Q2 FY20253.553.74+5.35%+14.72%12.39B13.04B+5.29%+8.89%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

General Dynamics analyst forecast

12-month price target
415.29 USD
+14.57%

Analysts' 1-year price targets range from 365.00 to 465.00, with an average of 415.29.

Past year
1-year forecast
Strong sellStrong buy
Buy
12 ratings
Buy
8
Hold
4
Sell
0

12-month price target

Highest target465.00
Average target415.29
Lowest target365.00
Current price362.49

General Dynamics valuation

Price to earnings ratio (TTM)
21.03
Forward P/E (FY2026)
20.95
Price to sales (TTM)
1.73
Price to book
3.59
EV / EBITDA (TTM)
14.89

Capital structure

Market capitalization
97.95B USD
+
Total debt
9.03B USD
−
Cash and short-term investments
4.39B USD
=
Enterprise value
102.60B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.60————
FY2027 (est.)19.1817.60———
FY2026 (est.)20.9519.18———
Now (TTM)21.0319.391.733.5914.89
FY202521.5319.461.733.5515.51
FY202419.0817.111.533.3114.11
FY202321.3919.141.683.3315.27
FY202220.1620.481.733.6814.91
FY202117.9615.951.523.3113.48

General Dynamics against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Howmet Aerospace, Northrop Grumman, Lockheed Martin, The Boeing, TransDigm Group, and L3Harris Technologies, the US Aerospace & Defense companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median21.0
    16.524.3
  • Gross marginLowest in 5 years15.1%
    15.1%16.8%
    Against its peers: 5 of 7Peers' median 22.8%
  • Operating marginAt its median10.2%
    10.0%10.8%
    Against its peers: 5 of 7Peers' median 10.3%
  • Net marginAt its median8.0%
    7.8%8.6%
    Against its peers: 4 of 7Peers' median 8.7%
  • Return on equityBelow its median16.4%
    15.6%18.5%
    Against its peers: 5 of 6Peers' median 28.2%
  • Free cash flow marginBelow its median7.5%
    6.7%9.0%
    Against its peers: 6 of 7Peers' median 10.7%
  • Revenue growthAbove its median10.1%
    1.4%12.9%
    Against its peers: 4 of 7Peers' median 8.4%
  • EPS growthHighest in 5 years13.4%
    -1.4%13.4%
    Against its peers: 3 of 6Peers' median 8.4%
  • Debt to EBITDALowest in 5 years1.54×
    1.54×2.54×
    Against its peers: 2 of 7Peers' median 2.87×
  • Current ratioHighest in 5 years1.44
    1.371.44
    Against its peers: 3 of 7Peers' median 1.19

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

General Dynamics growth and profitability

Revenue (TTM)
56.52B USD
Net income (TTM)
4.66B USD
Gross margin
15.42%
Operating margin
10.37%
Net margin
8.24%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202552.55B+10.13%4.21B+11.32%15.13%10.19%8.01%6.34B+8.97%
FY202447.72B+12.88%3.78B+14.09%15.43%10.05%7.93%5.82B+10.92%
FY202342.27B+7.27%3.32B-2.21%15.78%10.04%7.84%5.25B-1.22%
FY202239.41B+2.44%3.39B+4.08%16.80%10.69%8.60%5.31B+2.25%
FY202138.47B+1.43%3.26B+2.84%16.66%10.82%8.47%5.19B+1.74%

General Dynamics revenue breakdown

By product

FY2025
Marine Systems: 31.8%Technologies: 25.6%Aerospace: 24.9%Combat Systems: 17.6%31.8%Marine Systems25.6%Technologies24.9%Aerospace17.6%Combat Systems
SegmentRevenueShare of revenueChange on the year
Marine Systems16.72B31.8%+16.6%
Technologies13.47B25.6%+2.6%
Aerospace13.11B24.9%+16.5%
Combat Systems9.25B17.6%+2.8%

By region

FY2025
North America: 47.2%United States: 44.6%Europe: 3.6%Other Africa Middle East: 2.1%Asia Pacific: 2.1%South America: 0.4%47.2%North America44.6%United States3.6%Europe2.1%Other Africa Middle East2.1%Asia Pacific
RegionRevenueShare of revenueChange on the year
North America45.81B47.2%+8.3%
United States43.31B44.6%—
Europe3.54B3.6%+12.0%
Other Africa Middle East2.02B2.1%+19.9%
Asia Pacific2.00B2.1%+29.4%
South America432.00M0.4%+47.9%

How General Dynamics makes its money

Marine Systems16.72B 31.8%
Technologies13.47B 25.6%
Aerospace13.11B 24.9%
Combat Systems9.25B 17.6%
Revenue52.55B 100.0%
Cost of revenue44.60B 84.9%
Gross profit7.95B 15.1%
Research and development486.00M 0.9%
Selling and administration2.53B 4.8%
Operating income5.36B 10.2%
Tax893.00M 1.7%
Other expense253.00M 0.5%
Net income4.21B 8.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

General Dynamics dividends

Annual dividend
6.36 USD
Dividend yield (indicated)
1.75%
Payout ratio
36.37%
Years of dividend growth
35
Frequency
Quarterly
Last payment
1.59 USD
Last ex-dividend date
9 Oct 2026
Last payment date
13 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share5.925.585.224.974.674.323.993.633.282.97

General Dynamics financial health

Cash and short-term investments
4.39B USD
Total debt
9.03B USD
Net cash
-4.64B USD
Free cash flow (TTM)
5.78B USD
Current ratio
1.43
Debt to equity
0.33
Piotroski score
8 / 9
Altman Z-score
4.28

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.33B9.79B3.96B
FY20241.70B10.68B3.20B
FY20231.91B11.08B3.81B
FY20221.24B12.11B3.47B
FY20211.60B13.18B3.38B

General Dynamics ownership

Institutions
87.45%
Institutional holders
2,280 (-1)
Free float
94.04%

Who owns the shares

Institutions 87.4% Others 12.6%
As of 30 Jun 2026

Shares free to trade

Free float 254.12M shares ·94.0% Closely held 16.10M shares ·6.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202602165.80K299.02K
Q3 2026012344.37K655.30K
Q2 20260583.06K154.11K
Q1 202606471.24K188.07K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025269.90M272.43M-1.82%
FY2024277.48M277.49M+0.64%
FY2023273.14M275.73M-0.88%
FY2022275.31M278.17M-1.36%
FY2021280.43M282.02M-2.05%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: General Dynamics Corp

Sector: Industrials
Industry: Aerospace & Defense
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear submarines, destroyers, and support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.

Common questions about General Dynamics stock