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General Dynamics Corporation

General Dynamics Corporation

NYSE•GD
CEO: Ms. Phebe N. Novakovic
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1978-01-13
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 and completion, charter, staffing, and fixed-base operator 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 builds crude oil and product tankers, and container and cargo ships; 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, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments; and offers modernization programs, engineering, support, and sustainment services. 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 computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.
Contact Information
11011 Sunset Hills Road, Reston, VA, 20190, United States
703-876-3000
www.gd.com
Market Cap
$92.14B
P/E (TTM)
21.8
47.4
Dividend Yield
1.8%
52W High
$369.70
52W Low
$239.20
52W Range
78%
Rank16Top 3.7%
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$14.38B+7.80%
4-Quarter Trend

EPS

$4.23+0.71%
4-Quarter Trend

FCF

$952.00M-47.26%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Grew 10.1% Revenue reached $52.6B USD, increasing 10.1% driven by growth across all operating segments.
Earnings and Margin Expansion Operating earnings $5.4B USD, up 11.7% from $4.8B USD, with margin expanding 10 basis points.
Backlog Increased 30% Total backlog reached $118.0B USD, reflecting 30% growth supporting long-term expectations.
Defense Segment Backlog Surge Marine Systems backlog value grew 30% to $64.2B USD following significant Navy contract awards.

Risk Factors

Government Funding Uncertainty Federal budget delays or shutdowns can impact funding timelines and cause delays in new contract awards.
Aerospace Supply Chain Disruption Aerospace segment faces delays due to conflict impact on an Israel-based supplier for mid-cabin airframes.
Cybersecurity Threat Evolution Sophisticated, evolving cybersecurity threats require constant vigilance to prevent breaches and data loss.
International Geopolitical Instability Non-U.S. operations face risks from foreign policy changes, trade disputes, and supply chain disruptions.

Outlook

Aerospace 2026 Guidance Aerospace segment expects 2026 revenue to approach $13.6B USD with operating margin near 14%.
Marine Systems 2026 Forecast Marine Systems projects 2026 revenue between $17.3B and $17.7B USD, targeting 7.3% operating margin.
Combat Systems 2026 Revenue Combat Systems forecasts 2026 revenue between $9.6B and $9.7B USD, maintaining 14.1% operating margin.
Technologies 2026 Margin Target Technologies expects 2026 revenue near $13.8B USD, with operating margin targeted around 9.2%.

Peer Comparison

Revenue (TTM)

United Parcel Service, Inc.UPS
$88.66B
-2.5%
Lockheed Martin CorporationLMT
$75.06B
+5.7%
General Dynamics CorporationGD
$52.55B
+10.1%

Gross Margin (Latest Quarter)

TransDigm Group IncorporatedTDG
56.7%
-2.4pp
Automatic Data Processing, Inc.ADP
46.1%
-3.9pp
Illinois Tool Works Inc.ITW
44.2%
+1.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LMT$147.50B29.380.5%36.3%
PH$123.97B35.025.6%32.3%
TT$102.10B35.336.2%21.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.6%
Steady Growth
4Q Net Income CAGR
4.8%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Apr 21, 2026
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EPS:-
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Revenue:-
Reports
Financials
All Years
  • Form 10-K - FY 2025

    Period End: Dec 31, 2025|Filed: Jan 30, 2026|
    Revenue: $52.55B+10.1%
    |
    EPS: $15.64+13.3%
    Meet
  • Form 10-Q - Q3 2025

    Period End: Sep 28, 2025|Filed: Oct 24, 2025|
    Revenue: $12.91B+10.6%
    |
    EPS: $3.94+16.2%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Jul 23, 2025|
    Revenue: $13.04B+8.9%
    |
    EPS: $3.78+14.5%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: Apr 23, 2025|
    Revenue: $12.22B+13.9%
    |
    EPS: $3.69+26.4%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 7, 2025|
    Revenue: $47.72B+12.9%
    |
    EPS: $13.81+13.8%
    Meet
  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Oct 23, 2024|
    Revenue: $11.67B+10.4%
    |
    EPS: $3.39+10.4%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 24, 2024|
    Revenue: $11.98B+18.0%
    |
    EPS: $3.30+21.3%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 24, 2024|
    Revenue: $10.73B+8.6%
    |
    EPS: $2.92+9.8%
    Meet