General Dynamics
GD NYSE· Aerospace & Defense
Last close · Oct 26, 2026
$357.04
KIRA · Stoqly’s AI analyst, in plain words
- General Dynamics had $52.6B of revenue in fiscal 2025, up 10.1% on the year before. Over five years, revenue changed +6.7% a year on average.
- Its operating margin was 10.2%, up 0.1 pts: of every 100 in sales, about 10 is left after running the business.
- General Dynamics made $4.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 7.2% a year.
- Free cash flow was $4.0B in fiscal 2025, 7.5% of revenue.
- General Dynamics returned $2.2B to shareholders in fiscal 2025, 56% of free cash flow. The diluted share count fell 1.8%.
- General Dynamics owes $6.1B more than it holds in cash, about 1.0 years of operating profit.
Market cap
$97.9B
P/E
—
Revenue
$52.6B
Net income
$4.2B
Free cash flow
$4.0B
Operating margin
10.2%
General Dynamics in 30 seconds · fiscal 2025
Are sales growing?
+10.1%
Yes. Sales grew 10.1% last year.
Does it make a profit?
8.0%
A little. It keeps 8.0% of every sale as profit.
Does profit turn into cash?
7.5%
Partly. 7.5% of sales ends up as free cash.
Is debt under control?
1.0x
Yes. It could repay its debt with 1.0 years of operating profit.
How healthy are the accounts?
8 / 8
Solid. It passes 8 of 8 health tests.
What General Dynamics does
General Dynamics is an aerospace and defense company. It builds Gulfstream business jets and services private aircraft through Jet Aviation; designs and builds nuclear submarines, destroyers and supply ships for the US Navy; makes wheeled and tracked combat vehicles, weapons and ammunition; and provides information technology services and communications and encryption equipment to the military, intelligence agencies and other government departments. It reports four segments. In 2025 Marine Systems, the shipyards Electric Boat, Bath Iron Works and NASSCO, made up 32% of revenue; Technologies, the IT and defense electronics business, 26%; Aerospace 25%; and Combat Systems, the vehicles and munitions business, 17%. The US government accounted for 68% of revenue. It competes with other defense contractors in the US and abroad, and Gulfstream faces several rival jet makers. Its shipyards have one main competitor, which is also its partner on submarines.
Biggest risks, in its own words
- Its dependence on the US government, whose defense spending can change and whose funding can be delayed.
- The government can end contracts at will, and it closely audits its contractors.
- Cost overruns if its estimates for labor, materials and schedules on long contracts prove wrong.
- Falling demand for business jets.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Jan 30, 2026
- Legal name
- GENERAL DYNAMICS CORPORATION
- CIK
- 0000040533
General Dynamics · GD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $38.5B | $39.4B | $42.3B | $47.7B | $52.6B |
| Revenue growth | 1.4% | 2.4% | 7.3% | 12.9% | 10.1% |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Net income | $3.3B | $3.4B | $3.3B | $3.8B | $4.2B |
| Net margin | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |
| Diluted EPS | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| Cash | |||||
| Cash from operations | $4.3B | $4.6B | $4.7B | $4.1B | $5.1B |
| Capital expenditure | $887M | $1.1B | $904M | $916M | $1.2B |
| Free cash flow | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| FCF margin | 8.8% | 8.8% | 9.0% | 6.7% | 7.5% |
| Dividends paid | $1.3B | $1.4B | $1.4B | $1.5B | $1.6B |
| Share buybacks | $1.8B | $1.2B | $434M | $1.5B | $637M |
| Share count change | −2.1% | −1.4% | −0.9% | 0.6% | −1.8% |
| Debt and strength | |||||
| Cash and short-term investments | $1.6B | $1.2B | $1.9B | $1.7B | $2.3B |
| Debt incl. finance leases | $11.9B | $10.9B | $9.8B | $9.4B | $8.5B |
| Shareholders' equity | $17.6B | $18.6B | $21.3B | $22.1B | $25.6B |
| Net debt / EBITDA | 2.1x | 1.9x | 1.5x | 1.4x | 1.0x |
| Current ratio | 1.4x | 1.4x | 1.4x | 1.4x | 1.4x |
| Interest coverage | 9.7x | 10.8x | 10.6x | 12.5x | 14.2x |
| Returns and quality | |||||
| Return on capital | 12.9% | 12.6% | 12.3% | 13.6% | 14.4% |
| Return on equity | 19.6% | 18.7% | 16.6% | 17.4% | 17.7% |
| Piotroski F-score | 6 | 7 | 7 | 6 | 8 |
| Altman Z'' | 4.2 | 4.2 | 4.4 | 4.5 | 4.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$95.2M
10 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
General Dynamics · GD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| General Dynamics GD | $97.9B | 10.1% | 10.2% | 7.5% | 14.4% | — | 8 |
| GE Aerospace GE | $300.3B | 18.5% | — | 15.8% | 35.8% | 33.3x | 5 |
| Northrop Grumman NOC | $80.5B | 2.2% | 10.8% | 7.9% | 13.5% | 17.9x | 6 |
| Lockheed Martin LMT | $147.0B | 5.6% | 10.3% | 9.2% | 27.1% | 22.6x | 5 |
| RTX RTX | $270.2B | 9.7% | 10.5% | 9.0% | 7.8% | 32.1x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $357.04 a share, the company is worth $97.9B.
General Dynamics grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000040533). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.