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General Dynamics Corporation

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.

331.27 1.37 +0.42%

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Market cap: $89.3B
P/E: 20.0×
Fwd P/E: 20.8×
Dividend yield: 1.89%
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

Receivables outpacing revenue Jul 29, 2026

All filings →

Insider Decisions trades per month

Total sells 95.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	1	4	—	1	1	1	3	1	—

Insider Ownership 0.50%

Capital & Financial Ratios $m

Market Cap 89,260.00

Revenue 54,861.00

Net Income 4,487.00

Free Cash Flow 6,447.00

Net Debt 3,183.00

Current Ratio 1.44

Debt/Equity 0.28

P/E ratio 19.95

Fwd P/E 20.80

P/S ratio 1.63

P/B ratio 3.34

Past 5Y EPS Growth 7.04%

This Y EPS Growth 10.14%

Next Y EPS Growth 9.50%

Next Y revenue growth 6.40%

Next 5Y EPS Growth 9.21%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 65.84%

10-year low 10-year high

P/S against its own 10 years 56.09%

10-year low 10-year high

P/B against its own 10 years 21.16%

10-year low 10-year high

EV/Sales against its own 10 years 33.49%

10-year low 10-year high

EV/FCF against its own 10 years 2.95%

10-year low 10-year high

Dividends

Payout Ratio 0.38

Annual Dividend Rate 6.27

Annual Dividend Yield 1.89%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	6.27	1.50 1.59 1.59 1.59
2025	5.92	1.42 1.50 1.50 1.50
2024	5.58	1.32 1.42 1.42 1.42
2023	5.22	1.26 1.32 1.32 1.32
2022	4.97	1.19 1.26 1.26 1.26
2021	4.67	1.10 1.19 1.19 1.19
2020	4.32	1.02 1.10 1.10 1.10
2019	3.99	0.93 1.02 1.02 1.02
2018	3.63	0.84 0.93 0.93 0.93
2017	3.28	0.76 0.84 0.84 0.84
2016	2.97	0.69 0.76 0.76 0.76

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,913	1,697	2,333	4,333
Receivables	11,001	11,225	10,786	11,653
Inventory	8,578	9,724	9,232	9,097
Other	2,123	1,740	1,897	1,955
	23,615	24,386	24,248	27,038

	2023	2024	2025	Q'26
Payables	3,095	3,344	2,678	2,874
ST’ Debt	507	1,502	1,006	1,256
Other	3,266	3,487	3,288	3,601
	16,432	17,824	16,796	18,765

Compound Annual Growth %

	10y	5y	3y
Sales	5.16%	6.74%	10.07%
Cash Flow	6.98%	5.82%	3.79%
Earnings	3.32%	5.86%	7.49%
Book Value	9.09%	10.35%	11.33%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	13,481	14,094	—	—	—
’25	12,223	13,041	12,907	14,379	52,550
’24	10,731	11,976	11,671	13,338	47,716
’23	9,881	10,152	10,571	11,668	42,272
’22	9,392	9,189	9,975	10,851	39,407
’21	9,389	9,220	9,568	10,292	38,469
’20	8,749	9,264	9,431	10,481	37,925

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,155	1,880	—	—	—
’25	(148)	1,598	2,109	1,561	5,120
’24	(278)	814	1,416	2,160	4,112
’23	1,462	731	1,321	1,196	4,710
’22	1,968	659	1,283	669	4,579
’21	3	1,115	1,471	1,682	4,271
’20	(666)	843	1,119	2,562	3,858

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,952	1,646	—	—	—
’25	(290)	1,400	1,897	952	3,959
’24	(437)	613	1,215	1,805	3,196
’23	1,301	519	1,094	892	3,806
’22	1,827	435	1,028	175	3,465
’21	(131)	943	1,275	1,297	3,384
’20	(851)	622	903	2,217	2,891

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.10	4.24	—	—	—
’25	3.66	3.74	3.88	4.17	15.46
’24	2.88	3.26	3.35	4.15	13.63
’23	2.64	2.70	3.04	3.64	12.02
’22	2.61	2.75	3.26	3.58	12.19
’21	2.48	2.61	3.07	3.39	11.55
’20	2.43	2.18	2.90	3.49	11.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	121.61	172.43	143.87	152.44	100.55	144.50	200.65	202.35	247.36	239.20	Analyst estimates 2026–2028 Powerpack
	High	180.09	214.81	230.00	193.76	190.08	210.21	256.86	259.88	316.90	360.50
People
People	Employees	98,800	98,600	105,600	102,900	100,700	103,100	106,500	111,600	117,000	117,000
	Revenue/emp, $m	0.31	0.31	0.34	0.38	0.38	0.37	0.37	0.38	0.41	0.45
Income, $m
Income, $m	Revenue	30,561	30,973	36,193	39,350	37,925	38,469	39,407	42,272	47,716	52,550
	Gross margin, %	18.54	20.15	18.39	17.76	16.68	16.66	16.80	15.78	15.43	15.13
	EBT	3,656	4,077	4,085	4,202	3,738	3,873	4,036	3,984	4,540	5,103
	EBT margin, %	11.96	13.16	11.29	10.68	9.86	10.07	10.24	9.42	9.51	9.71
	Net income	2,572	2,912	3,345	3,484	3,167	3,257	3,390	3,315	3,782	4,210
	Depreciation	453	441	763	829	878	890	884	863	886	924
Per share, $
Per share, $	Revenue	100.30	103.53	122.58	136.50	132.18	137.18	143.14	154.76	174.24	195.30
	Earnings	9.70	9.73	11.33	12.09	11.04	11.61	12.31	12.14	13.81	15.65
	Cash flow	7.10	12.96	10.66	10.34	13.45	15.23	16.63	17.24	15.02	19.03
	Capex	(1.29)	(1.43)	(2.34)	(3.42)	(3.37)	(3.16)	(4.05)	(3.31)	(3.34)	(4.31)
	Free cash flow	5.81	11.53	8.32	6.92	10.08	12.07	12.59	13.93	11.67	14.71
	Book value	33.81	38.22	39.73	48.49	54.58	62.91	67.44	77.98	80.56	95.22
	Shares, m	305	299	295	288	287	280	275	273	274	269
Valuation, ×
Valuation, ×	P/E	18.09	20.61	13.88	14.59	13.48	17.93	20.20	21.32	19.08	21.54
	P/S	1.75	1.94	1.28	1.29	1.13	1.52	1.74	1.67	1.51	1.72
	P/B	5.19	5.25	3.96	3.64	2.73	3.31	3.69	3.32	3.27	3.54
	EV/Sales	1.80	1.97	1.60	1.57	1.39	1.78	1.97	1.84	1.66	1.83
	EV/FCF	31.06	17.69	23.54	31.03	18.29	20.20	22.42	20.49	24.79	24.32
Cash, $m
Cash, $m	Operating cash flow	2,163	3,876	3,148	2,981	3,858	4,271	4,579	4,710	4,112	5,120
	Capex	(392)	(428)	(690)	(987)	(967)	(887)	(1,114)	(904)	(916)	(1,161)
	Free cash flow	1,771	3,448	2,458	1,994	2,891	3,384	3,465	3,806	3,196	3,959
Balance, $m
Balance, $m	Working capital	3,084	5,229	3,450	3,487	5,579	6,009	5,722	7,183	6,562	7,452
	Total debt	3,888	3,982	12,417	11,930	12,998	11,495	10,496	9,261	8,762	8,013
	Net debt	1,554	999	11,454	11,028	10,174	9,892	9,254	7,348	7,065	5,680
	Shareholders’ equity	10,301	11,435	11,732	13,978	15,661	17,641	18,568	21,299	22,063	25,622
Returns, %
Returns, %	ROA	7.89	8.54	8.32	7.35	6.29	6.43	6.67	6.23	6.83	7.44
	ROIC	19.74	21.29	11.84	11.42	10.00	9.45	9.46	9.26	10.29	10.69
	ROE	24.45	26.79	28.88	27.10	21.37	19.56	18.72	16.63	17.44	17.66

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BA The Boeing Company	$148.4B	71.3×	468×	+7.96% (above 0%: growing)	n/m	+417.59% (above 0%: growing)	9.83%	0.64%	Compare
LMT Lockheed Martin Corporation	$117.2B	18.7×	17.5×	+10.51% (above 0%: growing)	+446.58% (above 0%: growing)	+2,044.67% (above 0%: growing)	12.19%	12.36%	Compare
GD General Dynamics Corporation	$89.3B	20.0×	20.8×	+8.07% (above 0%: growing)	+13.49% (above 0%: growing)	+17.57% (above 0%: growing)	15.49%	10.36%
HWM Howmet Aerospace Inc.	$88.8B	48.3×	48.4×	+24.06% (above 0%: growing)	+31.68% (above 0%: growing)	+38.04% (above 0%: growing)	37.34%	27.92%	Compare
NOC Northrop Grumman Corporation	$68.8B	15.2×	19.5×	+5.07% (above 0%: growing)	−5.75% (below 0%: shrinking)	+53.53% (above 0%: growing)	19.50%	10.08%	Compare
TDG Transdigm Group Incorporated	$60.2B	33.6×	35.3×	+22.53% (above 0%: growing)	+10.86% (above 0%: growing)	+13.44% (above 0%: growing)	59.39%	44.76%	Compare
LHX L3Harris Technologies Inc	$44.1B	23.8×	26.5×	+8.39% (above 0%: growing)	+28.57% (above 0%: growing)	+37.43% (above 0%: growing)	25.54%	11.12%	Compare
RKLB Rocket Lab Corporation	$40.9B	— (loss-making)	— (loss-making)	+61.99% (above 0%: growing)	n/m	−99.66% (below 0%: shrinking)	36.13%	(24.57%)	Compare
HEI Heico Corporation	$35.1B	49.0×	55.0×	+23.13% (above 0%: growing)	+33.07% (above 0%: growing)	+47.74% (above 0%: growing)	41.12%	25.14%	Compare
Median of peers	$64.5B	33.6×	35.3×	+16.52%	+30.13%	+42.89%	30.84%	11.74%

All 82 Aerospace & Defense stocks →

General Dynamics Corporation (GD) key facts

Strength: General Dynamics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $52.6 billion, up 10.1% from fiscal 2024.
General Dynamics Corporation (GD) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
As of October 9, 2026, GD traded at $331.27, a market capitalization of $89.3 billion.
General Dynamics Corporation pays an annual dividend of $6.27 per share, a yield of 1.89%, with a payout ratio of 38.3%.
Return on equity was 17.7% and debt-to-equity 0.28.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 4.18 (safe zone) for fiscal 2025.