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General Dynamics Corporation GD SPX

Industrials · Aerospace & Defense · United States
https://www.gd.com

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, energetics and munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, and armored vehicles; and offers modernization programs, support and sustainment services, and development programs. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud services, cybersecurity, network modernization, artificial intelligence; machine learning; application development, high-performance computing, and 5G and advanced communications services; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.

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$346.82
+26.82% 1Y

Market & Price

Market Cap
$93.79B
Current Price
$346.82
High / Low (52W)
$365.68 / $269.47
Beta
0.34

Valuation

Stock P/E
21.84
Industry PE
28.38
Forward P/E
19.11
PEG Ratio
2.58
Book Value
$96.58
Price to Book
3.59
P/S
1.74
EV/EBITDA
15.39
Dividend Yield
1.76%

Profitability & Returns

ROCE
13.61%
ROE
17.97%
ROA
6.00%
Profit Margin
8.07%
Op Margin
10.54%
EPS (Latest Qtr)
$4.10
EPS (TTM)
$15.88

Balance Sheet & Liquidity

Debt/Equity
0.38
Quick Ratio
0.80
Current Ratio
1.38
Debt
$9.83B
Total Assets
$57.25B
Current Assets
$24.25B
Working Capital
$7.45B

Ownership

Promoter Holding
0.53%
Chg in Prom Hold
-
FII / Inst Holding
87.89%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$99.83B
Total Revenue (TTM)
$53.81B
EBITDA
$6.49B
Free Cash Flow
$5.29B
Operating Cash Flow
$7.41B
Shares Outstanding
270.43M
Gross Margin
15.24%
Payout Ratio
38.33%

Growth (CAGR)

Revenue 5Y
10.07%
Profit 5Y
7.49%
Revenue (YoY)
10.30%
Earnings (YoY)
12.00%

PROS

  • Compounding revenue at 10.1% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 GD General Dynamics Corporation SPX 346.82 21.84 $93.79B 1.76% 13.61% 17.97% 10.07% 7.49%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2013Mar 2014Jun 2014Sep 2014Apr 2015Jul 2015Oct 2015Apr 2016Jul 2016Oct 2016Apr 2017Jul 2017Oct 2017Apr 2018Jul 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026
Revenue ------------7.58B7.54B9.19B9.09B9.26B9.55B9.76B8.75B9.26B9.43B9.39B9.22B9.57B9.39B9.19B9.97B9.88B10.15B10.57B10.73B11.98B-12.22B13.04B12.91B14.38B13.48B13.48B
Cost of Revenue ----------------------------------10.33B11.09B10.94B12.24B11.34B-
Gross Profit ----------------------------------1.89B1.95B1.97B2.14B2.14B-
Operating Expenses ----------------------------------625.00M644.00M637.00M689.00M723.00M-
Operating Income 961.00M874.00M949.00M999.00M1.03B1.08B1.03B924.00M1.03B1.01B1.05B1.07B1.06B1.01B1.09B1.14B1.01B1.09B1.22B934.00M834.00M1.07B938.00M959.00M1.08B908.00M978.00M1.10B938.00M962.00M1.06B1.04B1.16B-1.27B1.30B1.33B1.45B1.42B1.42B
EBITDA ----------------------------------1.49B1.53B1.56B1.85B1.65B-
Interest Expense ----------------------------------------
Pretax Income ----------------------------------1.20B1.23B1.27B1.40B1.37B-
Tax Provision ----------------------------------206.00M218.00M213.00M256.00M244.00M-
Net Income 651.00M595.00M541.00M696.00M716.00M752.00M733.00M641.00M714.00M647.00M763.00M749.00M764.00M799.00M786.00M851.00M745.00M806.00M913.00M706.00M625.00M834.00M708.00M737.00M860.00M730.00M766.00M902.00M730.00M744.00M836.00M799.00M905.00M-994.00M1.01B1.06B1.14B1.12B1.12B
Diluted EPS 1.841.711.582.062.142.272.282.042.442.092.48-2.52--2.85--3.14---------------3.663.743.884.174.10-

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------30.56B30.97B36.19B39.35B37.92B38.47B39.41B42.27B47.72B52.55B
Cost of Revenue ---------------32.78B35.60B40.35B44.60B
Gross Profit ---------------6.62B6.67B7.36B7.95B
Operating Expenses ---------------2.41B2.43B2.57B2.60B
Operating Income 3.11B3.65B3.67B3.94B3.83B765.00M3.69B3.89B4.29B3.74B4.24B4.39B4.57B4.13B4.16B4.21B4.25B4.80B5.36B
EBITDA ---------------5.31B5.25B5.82B6.43B
Interest Expense ---------------391.00M399.00M393.00M402.00M
Pretax Income ---------------4.04B3.98B4.54B5.10B
Tax Provision ---------------646.00M669.00M758.00M893.00M
Net Income 2.07B2.46B2.39B2.62B2.53B-332.00M2.36B2.53B3.04B2.57B2.91B3.35B3.48B3.17B3.26B3.39B3.31B3.78B4.21B
Diluted EPS 5.086.176.176.816.87-0.946.677.429.298.299.5611.1811.9811.0011.5512.1912.0213.6315.45
R&D Expense -686.00M925.00M1.20B1.54B1.61B-------------

Compounded Sales Growth

5 Years:10.07%
1 Year:10.30%

Compounded Profit Growth

5 Years:7.49%
1 Year:12.00%

Stock Price Performance

1 Year:+26.82%
6 Months:+2.58%
3 Months:-2.41%
1 Month:+2.39%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --28.37B31.08B32.55B34.88B34.31B35.47B35.34B32.54B33.17B35.05B45.89B49.35B51.31B50.07B51.59B54.81B55.88B57.25B
Current Assets ----------------21.06B23.61B24.39B24.25B
Cash & Equivalents 1.60B2.89B1.62B2.26B2.61B2.65B3.30B5.30B4.39B2.79B2.33B2.98B963.00M902.00M2.82B1.60B1.24B1.91B1.70B2.33B
Inventory ----------------6.32B8.58B9.72B9.23B
Receivables ----------------3.01B3.00B2.98B2.41B
Total Liabilities ----------------33.02B33.51B33.82B31.63B
Current Liabilities --10.36B10.37B11.18B11.14B11.62B12.26B13.75B12.45B13.45B13.10B14.74B16.80B15.96B13.98B15.34B16.43B17.82B16.80B
Long Term Debt --3.11B3.16B2.43B3.91B3.91B3.91B3.39B2.90B2.99B3.98B11.44B9.01B9.99B10.49B9.24B8.75B7.26B7.01B
Total Debt ----------------12.11B11.08B10.68B9.79B
Total Equity 9.83B11.77B10.05B12.42B13.32B13.23B11.39B14.50B11.83B10.44B10.30B11.80B12.11B13.98B15.66B17.64B18.57B21.30B22.06B25.62B
Shares Outstanding ----------------274.41M481.88M481.88M270.39M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 2.95B3.12B2.85B2.99B3.24B2.61B3.11B3.73B2.50B-3.88B3.15B2.98B3.86B-4.58B4.71B4.11B5.12B
Investing Cash Flow -875.00M-3.66B-1.39B-408.00M-1.97B-642.00M-363.00M-1.10B200.00M--788.00M-10.23B-994.00M-974.00M--1.49B-941.00M-953.00M-1.28B
Financing Cash Flow -786.00M-718.00M-806.00M-2.23B-1.20B-1.38B-725.00M-3.58B-4.26B--2.40B5.09B-2.00B-903.00M--3.47B-3.09B-3.37B-3.19B
Capital Expenditure -474.00M-490.00M-385.00M-370.00M-458.00M-436.00M-436.00M-521.00M-569.00M-392.00M-428.00M-690.00M-987.00M-967.00M--1.11B-904.00M-916.00M-1.16B
Free Cash Flow 2.48B2.63B2.47B2.62B2.78B2.17B2.67B3.21B1.93B-3.45B2.46B1.99B2.89B-3.46B3.81B3.20B3.96B
Net Change in Cash ----------------361.00M671.00M-216.00M636.00M
Share Buybacks 505.00M1.52B209.00M1.19B1.47B602.00M740.00M3.38B3.23B2.00B1.56B1.77B231.00M587.00M1.83B1.23B434.00M1.50B637.00M
Dividends Paid 445.00M533.00M577.00M631.00M673.00M893.00M591.00M822.00M873.00M911.00M986.00M1.07B1.15B1.24B1.31B1.37B1.43B1.53B1.59B

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------16.8%15.8%15.4%15.1%
Operating Margin % ---------12.3%13.7%12.1%11.6%10.9%10.8%10.7%10.0%10.1%10.2%
Net Margin % ---------8.4%9.4%9.2%8.9%8.4%8.5%8.6%7.8%7.9%8.0%
ROE % 17.6%24.5%19.3%19.7%19.1%-2.9%16.3%21.4%29.1%25.0%24.7%27.6%24.9%20.2%18.5%18.3%15.6%17.1%16.4%
ROCE % -20.3%17.7%18.5%16.1%3.4%15.9%18.0%21.4%19.0%19.3%14.1%14.0%11.7%11.5%11.6%11.1%12.6%13.2%

Shareholding Pattern

Insiders
0.53%
Institutions
87.89%
Public Float
88.36%

Top Institutional Holders

#Holder% HeldSharesValue
1 Longview Asset Management, LLC 10.01% 27.06M $9.39B
2 Blackrock Inc. 6.88% 18.60M $6.45B
3 Vanguard Capital Management LLC 5.97% 16.14M $5.60B
4 Newport Trust Company, LLC 5.02% 13.57M $4.71B
5 State Street Corporation 4.23% 11.44M $3.97B
6 Bank of America Corporation 3.01% 8.13M $2.82B
7 Vanguard Portfolio Management LLC 2.34% 6.32M $2.19B
8 Geode Capital Management, LLC 2.32% 6.27M $2.17B
9 Massachusetts Financial Services Co. 2.11% 5.70M $1.98B
10 JPMORGAN CHASE & CO 1.99% 5.39M $1.87B

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