General Dynamics is a US defense and aerospace company. It builds Gulfstream business jets, submarines and warships, combat vehicles and munitions and supplies IT and communications technology to government agencies. Its main customer is the US government. As of Oct 13, 2026
General Dynamics is an aerospace and defense company with the segments Aerospace, Marine Systems, Combat Systems and Technologies. The aerospace segment includes Gulfstream and Jet Aviation, which build, service and customize business jets. Marine Systems, with Electric Boat, Bath Iron Works and NASSCO, builds nuclear-powered submarines as well as surface combatants and auxiliary ships for the US Navy. Combat Systems makes wheeled and tracked combat vehicles, weapon systems and munitions. The technologies segment, with GDIT and Mission Systems, supplies information technology and intelligence solutions for the military, intelligence agencies and government bodies. In 2025 most of the revenue came from the US government.
Automatically summarized from SEC annual report (10-K, filed Jan 30, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: yellowDebt: green
General Dynamics · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Jan 30, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
10.2% Fiscal year 2025
Rank 38 of 100: higher than 38% of 192 peers (All). medium.
Rank 45 of 100: higher than 45% of 28 peers (Sector). medium.
Median Industrials: 10.4%
Operating income divided by revenue: what the core business earns before interest and taxes.
8.0% Fiscal year 2025
Rank 33 of 100: higher than 33% of 237 peers (All). medium.
Rank 34 of 100: higher than 34% of 34 peers (Sector). medium.
Median Industrials: 12.9%
Profit after all costs, interest and taxes divided by revenue.
16.4% Fiscal year 2025
Rank 50 of 100: higher than 50% of 218 peers (All). medium.
Rank 27 of 100: higher than 27% of 32 peers (Sector). weak.
Median Industrials: 26.3%
Net income divided by equity at fiscal year end.
7.4% Fiscal year 2025 (total assets at year end)
Rank 59 of 100: higher than 59% of 238 peers (All). medium.
Rank 49 of 100: higher than 49% of 34 peers (Sector). medium.
Median Industrials: 7.5%
Net income divided by total assets at fiscal year end.
44.8% Fiscal year 2025
Rank 63 of 100: higher than 63% of 239 peers (All). medium.
Rank 72 of 100: higher than 72% of 34 peers (Sector). strong.
Median Industrials: 33.2%
Equity as a share of total assets. Usually low for banks.
7.5% Fiscal year 2025
Rank 35 of 100: higher than 35% of 213 peers (All). medium.
Rank 36 of 100: higher than 36% of 32 peers (Sector). medium.
Median Industrials: 10.5%
Free cash flow divided by revenue.
4.0B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+10.1% per year
Rank 57 of 100: higher than 57% of 230 peers (All). medium.
Rank 70 of 100: higher than 70% of 32 peers (Sector). strong.
Median Industrials: +8.5%
Average growth per year over 3 fiscal years.
+6.7% per year
Rank 28 of 100: higher than 28% of 217 peers (All). weak.
Rank 35 of 100: higher than 35% of 30 peers (Sector). medium.
Median Industrials: +9.2%
Average growth per year over 5 fiscal years.
+5.3% per year
Rank 38 of 100: higher than 38% of 157 peers (All). medium.
Rank 69 of 100: higher than 69% of 21 peers (Sector). strong.
Median Industrials: +4.5%
Average growth per year over 10 fiscal years.
+8.2% per year
Rank 40 of 100: higher than 40% of 157 peers (All). medium.
Rank 41 of 100: higher than 41% of 23 peers (Sector). medium.
Median Industrials: +10.7%
Growth of earnings per share per year, adjusted for stock splits.
+7.0% per year
Rank 28 of 100: higher than 28% of 146 peers (All). weak.
Rank 21 of 100: higher than 21% of 21 peers (Sector). weak.
Median Industrials: +13.7%
Growth of earnings per share per year, adjusted for stock splits.
+5.5% per year
Rank 29 of 100: higher than 29% of 140 peers (All). weak.
Rank 31 of 100: higher than 31% of 21 peers (Sector). weak.
Median Industrials: +8.1%
Growth of earnings per share per year, adjusted for stock splits.
8 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
0.32 at fiscal year end
Rank 70 of 100: lower than 70% of 199 peers (All). strong.
Rank 77 of 100: lower than 77% of 32 peers (Sector). strong.
Median Industrials: 0.62
Long-term financial debt divided by equity.
1.44 at fiscal year end
Rank 52 of 100: higher than 52% of 215 peers (All). medium.
Rank 68 of 100: higher than 68% of 33 peers (Sector). strong.
Median Industrials: 1.22
Current assets divided by current liabilities.
−5.4% in 5 years
Rank 64 of 100: lower than 64% of 199 peers (All). medium.
Rank 50 of 100: lower than 50% of 29 peers (Sector). medium.
Median Industrials: −5.4%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 52.6B USD · Net income 4.2B USD · Net margin 8.0%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 10.2 USD operating income and 8.0 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 52.6B USD | 100.0% |
| Operating income | 5.4B USD | 10.2% |
| Cost of revenue and operating expenses | 47.2B USD | 89.8% |
| Net income | 4.2B USD | 8.0% |
| Taxes | 893.0M USD | 1.7% |
| Interest & other | 253.0M USD | 0.5% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin stayed roughly the same in 5 years (10.2%).
Gross marginOperating marginNet marginReturn on equity fell in 5 years from 20.2% to 16.4%.
Return on equityReturn on assetsThe equity ratio rose in 5 years from 30.5% to 44.8%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio rose in 5 years from 1.35 to 1.44.
Current ratioFree cash flow rose in 5 years from 2.9B USD to 4.0B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count fell in 5 years by 5.4% (mostly through share repurchases).
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Over 5 years, 5.6B USD went back to shareholders, 100% of it through share repurchases. That is 32% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
General Dynamics next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| LMT Lockheed Martin | 75.0B USD | +2.8% | 10.2% | 10.3% | 6.7% | 74.6% | 11.2% | 9.2% | 6/9 |
| CAT Caterpillar Inc. | 67.6B USD | +10.1% | 33.8% | 16.5% | 13.1% | 41.7% | 21.6% | 13.2% | 7/9 |
| UAL United Airlines Holdings | 59.1B USD | +30.9% | – | 8.0% | 5.7% | 21.9% | 20.0% | 4.3% | – |
| GD General Dynamics this stock | 52.6B USD | +6.7% | – | 10.2% | 8.0% | 16.4% | 44.8% | 7.5% | – |
| UBER Uber | 52.0B USD | +36.1% | 39.8% | 10.7% | 19.3% | 37.2% | 43.8% | 18.8% | 6/9 |
| GE GE Aerospace | 45.9B USD | −10.4% | – | – | 19.0% | 46.6% | 14.3% | 15.8% | – |
| DE Deere & Company | 45.7B USD | +5.2% | – | – | 11.0% | 19.4% | 24.5% | – | – |
| GEV GE Vernova | 38.1B USD | – | 19.8% | 3.6% | 12.8% | 43.7% | 17.7% | 9.7% | – |
| CMI Cummins | 33.7B USD | +11.2% | 25.3% | 12.0% | 8.4% | 23.0% | 36.3% | 7.1% | 7/9 |
| Median of the sector 34 symbols | 24.1B USD | +9.2% | 35.4% | 10.4% | 12.9% | 26.3% | 33.2% | 9.7% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
+6.7% per year, last 5 years
Sector Industrials: median +8.0% (82 symbols)
What does this mean? Revenue: over 5 years it grew by 6.7% per year on average, but more slowly than the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+5.9% per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: +7.0% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 5.9% per year on average, but more slowly than the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
8.0% last fiscal year
Sector Industrials: median 11.1% (88 symbols)
What does this mean? Of every 100 USD in revenue, 8.01 USD remained as profit – less than the median company in the sector (11.1%). Five years ago the margin was 8.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.24 latest balance sheet
Sector Industrials: median 0.58 (77 symbols)
What does this mean? For every 1 USD of equity there is 0.24 USD of financial debt – no more than the median company in the sector (0.58). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 52.6B | 4.2B | 8.0% | 15.45 | – | – |
| 2024 | Dec 31, 2024 | 47.7B | 3.8B | 7.9% | 13.63 | – | – |
| 2023 | Dec 31, 2023 | 42.3B | 3.3B | 7.8% | 12.02 | – | – |
| 2022 | Dec 31, 2022 | 39.4B | 3.4B | 8.6% | 12.19 | – | – |
| 2021 | Dec 31, 2021 | 38.5B | 3.3B | 8.5% | 11.55 | – | – |
| 2020 | Dec 31, 2020 | 37.9B | 3.2B | 8.4% | 11.00 | – | – |
| 2019 | Dec 31, 2019 | 39.4B | 3.5B | 8.9% | 11.98 | – | – |
| 2018 | Dec 31, 2018 | 36.2B | 3.3B | 9.2% | 11.18 | – | – |
| 2017 | Dec 31, 2017 | 31.0B | 2.9B | 9.4% | 9.56 | – | – |
| 2016 | Dec 31, 2016 | 31.4B | 3.0B | 9.4% | 9.52 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q1/26 | Apr 5, 2026 | 13.5B | 1.1B | 8.3% | 4.10 | 1.59 | 39% |
| Q4/25* | Dec 31, 2025 | – | 1.1B | – | – | – | – |
| Q3/25 | Sep 28, 2025 | 12.9B | 1.1B | 8.2% | 3.88 | 1.50 | 39% |
| Q2/25 | Jun 29, 2025 | 13.0B | 1.0B | 7.8% | 3.74 | 1.50 | 40% |
| Q1/25 | Mar 30, 2025 | 12.2B | 994.0M | 8.1% | 3.66 | 1.50 | 41% |
| Q4/24* | Dec 31, 2024 | – | 1.1B | – | – | – | – |
| Q3/24 | Sep 29, 2024 | 11.7B | 930.0M | 8.0% | 3.35 | 1.42 | 42% |
| Q2/24 | Jun 30, 2024 | 12.0B | 905.0M | 7.6% | 3.26 | 1.42 | 44% |
| Q1/24 | Mar 31, 2024 | 10.7B | 799.0M | 7.4% | 2.88 | 1.42 | 49% |
| Q4/23* | Dec 31, 2023 | – | 1.0B | – | – | – | – |
| Q3/23 | Oct 1, 2023 | 10.6B | 836.0M | 7.9% | 3.04 | 1.32 | 43% |
| Q2/23 | Jul 2, 2023 | 10.2B | 744.0M | 7.3% | 2.70 | 1.32 | 49% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $41.8M5 people | −$41.8M |
| 6 months | $00 people | $68.9M7 people | −$68.9M |
| 12 months | $00 people | $95.2M10 people | −$95.2M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
Latest news
No posts on GD yet – log in to join the discussion.
Posts are opinions of users and only visible after logging in. Community rules