Pricing Log in Create free account
Friday 6 November 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.

Revenue
+12.9%
EPS
+15.8%
Free cash flow
−35.2%
Total debt
−12.5%

Quarter to September 2026, against a year earlier

353.12 3.23 −0.91%
Market cap
$96.3B
P/E
20.7×
Fwd P/E
21.9×
Dividend yield
1.76%
F-score
8/9
Altman Z
4.18
Beneish M
−2.52
Dividend safety
96/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

General Dynamics Corporation (GD) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, General Dynamics Corporation (GD) trades at a P/B ratio of 3.5×. Over the past ten years it has ranged from 2.2× (March 2020) to 6.0× (March 2018); the current reading is higher than 33% of that period. That is above the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 2.2×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 3.5× 8.10%
FY2024 3.3× (1.38%)
FY2023 3.3× (10.03%)
FY2022 3.7× 11.23%
FY2021 3.3× 21.54%
FY2020 2.7× (25.04%)
FY2019 3.6× (8.07%)
FY2018 4.0× (24.57%)
FY2017 5.2× 1.07%
FY2016 5.2× 26.27%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.3× (7.90%)
Jun 2026 3.6× 0.33%
Mar 2026 3.6× 0.57%
Dec 2025 3.5× (5.90%)
43 more quarters

Against its own ten years

Low 2.2× High 6.0×
Ten-year median 3.7×
Current reading's percentile 36

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
HONA Honeywell Aerospace inc. compare n/m
LHX L3Harris Technologies Inc compare 2.4×
GD General Dynamics Corporation 3.5×
NOC Northrop Grumman Corporation compare 4.0×
HEI Heico Corporation compare 9.1×
LMT Lockheed Martin Corporation compare 13.2×
HWM Howmet Aerospace Inc. compare 13.9×
BA The Boeing Company compare 20.9×
Aerospace & Defense industry median 2.7×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on GD