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

General Dynamics Corporation (GD) Price to free cash flow

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As of 16 October 2026, General Dynamics Corporation (GD) trades at a price to free cash flow of 14.4×. Over the past ten years it has ranged from 10.9× (June 2022) to 43.2× (December 2016); the current reading is higher than 16% of that period. That is below the Aerospace & Defense industry median of 32.0× and below the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 22.9× 1.35%
FY2024 22.6× 21.66%
FY2023 18.6× (6.04%)
FY2022 19.8× 14.34%
FY2021 17.3× 16.96%
FY2020 14.8× (42.07%)
FY2019 25.5× 35.01%
FY2018 18.9× 8.56%
FY2017 17.4× (42.37%)
FY2016 30.2× 39.39%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 14.8× (0.73%)
Mar 2026 15.0× (34.65%)
Dec 2025 22.9× 19.93%
Sep 2025 19.1× 0.76%
42 more quarters

Against its own ten years

Low 10.9× High 43.2×
Ten-year median 20.5×
Current reading's percentile 16

Price to free cash flow against peers

Company Price to free cash flow
BA The Boeing Company compare n/m
GD General Dynamics Corporation 14.4×
LMT Lockheed Martin Corporation compare 14.6×
LHX L3Harris Technologies Inc compare 16.5×
NOC Northrop Grumman Corporation compare 20.3×
HEI.A Heico Corporation compare 31.6×
TDG Transdigm Group Incorporated compare 33.9×
HEI Heico Corporation compare 42.0×
HWM Howmet Aerospace Inc. compare 43.8×
Aerospace & Defense industry median 32.0×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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