General Dynamics sells to two main customers: the U.S. military and wealthy private flyers. On the defense side, it builds nuclear submarines, destroyers, and surface combat vehicles (including the M1 Abrams tank), and provides IT services and battlefield electronics to government clients. On the commercial side, it manufactures Gulfstream business jets and runs maintenance and service operations for those aircraft. Revenue comes from long-term government contracts for ships, vehicles, and technology services, plus jet sales and aftermarket servicing.
Employees117,000IPOApr 25, 1952SIC3724HQ11011 Sunset Hills Road, Reston, VA, USA, 20190
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
15.4%
Operating Margin
10.3%
EBITDA Margin
12.3%
Net Margin
8.2%
OCF Margin
14.0%
FCF Margin
11.8%
Returns on Capital
ROE
17.7%
ROA
7.7%
ROIC
9.2%
ROCE
14.5%
ROC (Greenblatt)
81.0%
3Y ROIIC
16.9%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
21.00
Forward P/E
20.27
P/E ex-NRI
21.00
Shiller P/E (CAPE)
23.89
Cash Flow Multiples
P/FCF
14.60
P/OCF
12.25
P/Owner Earnings
12.67
FCF Yield
6.92%
Enterprise Value Multiples
EV / EBIT
16.96
EV / Forward EBIT
16.75
EV / EBITDA
14.59
EV / Forward EBITDA
14.48
EV / Revenue
1.79
EV / Forward Revenue
1.75
Asset / Sales
P/S
1.72
P/B
3.47
P/Tangible Book
20.17
Growth-Adjusted
PEG
3.97
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.79%
Forward Dividend Yield
1.85%
3Y Dividend Growth
6.0%
Payout Ratio
0.38
5Y Yield on Cost
2.12%
Buybacks & Dilution
3Y Buyback Ratio
0.50%
5Y Share Change
−5.6%
Combined
Shareholder Yield
3.48%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.35
Gross Debt / EBITDA
1.41
Cash / Debt
0.46
Equity / Assets
0.45
Coverage
Interest Coverage
16.51
Short-Term Liquidity
Current Ratio
1.44
Quick Ratio
0.96
Cash Ratio
0.23
Composite Scores
Piotroski F-Score
7
Altman Z-Score
4.37
Split History
Date
Split
2006-03-27
2:1
1998-04-03
2:1
1994-04-12
2:1
1993-06-15
1.2136:1
1993-03-30
1.1574:1
1980-11-17
2:1
1979-02-20
2.5:1
Ex-date
Amount
Pay date
2026-10-09
$1.59
2026-11-13
2026-07-02
$1.59
2026-08-07
2026-04-10
$1.59
2026-05-08
2026-01-16
$1.5
2026-02-06
2025-10-10
$1.5
2025-11-14
2025-07-03
$1.5
2025-08-08
2025-04-11
$1.5
2025-05-09
2025-01-17
$1.42
2025-02-07
2024-10-11
$1.42
2024-11-15
2024-07-05
$1.42
2024-08-09
10 of 167
View allDate
Transcript
Type
2026-07-29
Q2 2026 General Dynamics Corp Earnings Call Transcript
Earnings Call
2026-04-29
Q1 2026 General Dynamics Corp Earnings Call Transcript
Earnings Call
2026-01-28
Q4 2025 General Dynamics Corp Earnings Call Transcript
Earnings Call
2025-10-24
Q3 2025 General Dynamics Corp Earnings Call Transcript
Earnings Call
2025-07-23
Q2 2025 General Dynamics Corp Earnings Call Transcript
Earnings Call
2025-04-23
Q1 2025 General Dynamics Corp Earnings Call Transcript
Earnings Call
2025-01-29
Q4 2024 General Dynamics Corp Earnings Call Transcript
Earnings Call
2024-10-23
Q3 2024 General Dynamics Corp Earnings Call Transcript
Earnings Call
2024-07-24
Q2 2024 General Dynamics Corp Earnings Call Transcript
Earnings Call
2024-04-24
Q1 2024 General Dynamics Corp Earnings Call Transcript
Earnings Call
10 of 43
5-Step DuPont Analysis
ROE %
17.80%
×
×
Net Margin %
8.18%
×
×
Operating Margin %
10.32%
Operating Income
$5.66B
÷
Revenue
$54.86B
×
Tax Burden
0.8238
Net Income
$4.49B
÷
Pretax Income
$5.45B
×
Interest Burden
0.9619
Pretax Income
$5.45B
÷
Operating Income
$5.66B
×
Asset Turnover
0.94
÷
Revenue
$54.86B
÷
Average Total Assets
$58.53B
Begin Total Assets
$56.89B
End Total Assets
$60.16B
×
Equity Multiplier
2.32
÷
Avg Total Assets
$58.53B
÷
Avg Stockholders Equity
$25.20B
Begin Equity
$23.58B
End Equity
$26.83B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| LONGVIEW ASSET MANAGEMENT, LLC | 27.1M | 10.01% | 0 | $9.59B |
| BlackRock, Inc. | 19.3M | 7.14% | +708.6K | $6.84B |
| VANGUARD CAPITAL MANAGEMENT LLC | 16.7M | 6.17% | +528.7K | $5.91B |
| Newport Trust Company, LLC | 13.4M | 4.96% | -172.3K | $4.75B |
| STATE STREET CORP | 11.8M | 4.37% | +374.7K | $4.18B |
| BANK OF AMERICA CORP /DE/ | 7.3M | 2.72% | -780.1K | $2.60B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6.8M | 2.52% | +488.0K | $2.41B |
| GEODE CAPITAL MANAGEMENT, LLC | 6.2M | 2.30% | -45.9K | $2.20B |
| JPMORGAN CHASE & CO | 5.3M | 1.95% | -101.5K | $1.84B |
| MORGAN STANLEY | 4.4M | 1.64% | -735.5K | $1.57B |
10 of 2,227
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| NOVAKOVIC PHEBE NOfficer | 766.5K | 0.2835% | $263.84M |
| Aiken Jason WOfficer | 184.5K | 0.0682% | $63.50M |
| Gallopoulos Gregory SOfficer | 124.3K | 0.0460% | $42.78M |
| Smith Robert EdwardOfficer | 95.5K | 0.0353% | $32.88M |
| Kuryea Kimberly AOfficer | 93.8K | 0.0347% | $32.30M |
| Deep DannyOfficer | 48.2K | 0.0178% | $16.61M |
| Gilliland Marguerite AmyOfficer | 44.8K | 0.0166% | $15.41M |
| Burns Mark LagrandOfficer | 39.0K | 0.0144% | $13.42M |
| Paddock DavidOfficer | 38.3K | 0.0142% | $13.17M |
| Brady Christopher JOfficer | 24.9K | 0.0092% | $8.58M |
10 of 26
View allRecent insider activity
through Sep 23, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| STEEL ROBERT KDirector | Option Exercise (Rule 16b-3 Exempt) | +2.8K | $466.9K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Open-Market or Private Sale | -2.8K | $958.6K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Option Exercise (Rule 16b-3 Exempt) | +2.2K | $510.1K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Open-Market or Private Sale | -2.2K | $758.0K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Option Exercise (Rule 16b-3 Exempt) | +1.8K | $405.1K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Open-Market or Private Sale | -1.8K | $615.9K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Option Exercise (Rule 16b-3 Exempt) | +700 | $192.2K | Sep 23, 2026 |
| STEEL ROBERT KDirector | Open-Market or Private Sale | -700 | $242.1K | Sep 23, 2026 |
| Stratton John GDirector | Grant/Award (Rule 16b-3(d)) | +105 | $37.5K | Sep 16, 2026 |
| Schumacher Laura JDirector | Grant/Award (Rule 16b-3(d)) | +105 | $37.5K | Sep 16, 2026 |
10 of 3,695
View all