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Saturday 17 October 2026 Export GD’s income statement to Excel — free account

General Dynamics Corporation

GD Industrials Aerospace & Defense

General Dynamics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $52.6 billion, up 10.1% from fiscal 2024. In the quarter to June 2026, revenue grew 8.07%, EPS grew 13.5%, free cash flow grew 17.6% and total debt fell 13.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five.

344.25 7.22 +2.14%
Market cap
$91.2B
P/E
20.7×
Fwd P/E
20.8×
Dividend yield
1.82%
F-score
8/9
Altman Z
4.18
Beneish M
−2.52
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

General Dynamics Corporation (GD) Debt to equity

Alert me on Debt to equity

General Dynamics Corporation's debt to equity at the end of the quarter to 30 June 2026 was 0.3×, down 0.0× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.3× (fiscal 2025) to 1.1× (fiscal 2018) — the current reading is the lowest in ten years. That is above the Aerospace & Defense industry median of 0.2× and below the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× (21.25%)
FY2024 0.4× (8.67%)
FY2023 0.4× (23.09%)
FY2022 0.6× (13.24%)
FY2021 0.7× (21.49%)
FY2020 0.8× (2.75%)
FY2019 0.9× (19.36%)
FY2018 1.1× 203.96%
FY2017 0.3× (7.74%)
FY2016 0.4× 19.24%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.3× (8.82%)
Mar 2026 0.3× (1.73%)
Dec 2025 0.3× (4.66%)
Sep 2025 0.3× (11.23%)
42 more quarters

Against its own ten years

Low 0.3× High 1.1×
Ten-year median 0.4×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
TDG Transdigm Group Incorporated compare −3.3×
GD General Dynamics Corporation 0.3×
HEI.A Heico Corporation compare 0.5×
HEI Heico Corporation compare 0.5×
LHX L3Harris Technologies Inc compare 0.6×
HWM Howmet Aerospace Inc. compare 0.7×
NOC Northrop Grumman Corporation compare 0.8×
LMT Lockheed Martin Corporation compare 2.3×
BA The Boeing Company compare 7.5×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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