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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
$91.56B
P/E (TTM)
21.6
35.8
Dividend Yield
1.7%
52W High
$360.50
52W Low
$239.20
52W Range
83%
Rank15Top 2.0%
7.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$12.91B+10.59%
4-Quarter Trend

EPS

$3.94+16.22%
4-Quarter Trend

FCF

$1.90B+56.13%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue and Earnings Growth Total revenue reached $38.17B, growing 11.0%; operating earnings increased 15.7% to $3.90B for nine months.
Strong Free Cash Flow Free cash flow hit $3.01B for nine months, nearly doubling prior year's $1.39B flow generation.
Aerospace Segment Leads Growth Aerospace revenue grew 24.2% to $9.32B; operating margin expanded 190 basis points to 13.6%.
Backlog Expansion Continues Total backlog reached $109.9B as of September 28, 2025, up from $103.7B last quarter.

Risk Factors

Government Shutdown Uncertainty Ongoing U.S. government shutdown creates uncertain impact on 2025 results, condition, and cash flows.
Variable Consideration Realization Actual variable consideration realized on submarine/vehicle contracts could be less than estimated, impacting results.
Marine Supply Chain Challenges Marine Systems margin reflects impact from new workforce issues and ongoing supply chain challenges.
Major Litigation Exposure Class action lawsuit regarding naval architects compensation outcome is uncertain, potentially material impact.

Outlook

Segment 2025 Revenue Guidance Expect 2025 revenue guidance: Aerospace $13.2B, Marine $16B, Combat $9.2B, Technologies $13.5B.
Aerospace Margin Target Aerospace segment targets 13.3% operating margin for full year 2025, showing strong performance recovery.
Debt Access Maintained Maintain $5B committed credit facilities and shelf registration for future capital access and liquidity needs.
Tax Rate Anticipation Anticipate full-year 2025 effective tax rate to be approximately 17.5%, slightly higher than prior year.

Peer Comparison

Revenue (TTM)

United Parcel Service, Inc.UPS
$89.37B
-1.3%
Lockheed Martin CorporationLMT
$73.35B
+2.9%
General Dynamics CorporationGD
$51.51B
+11.9%

Gross Margin (Latest Quarter)

TransDigm Group IncorporatedTDG
60.3%
+3.8pp
Illinois Tool Works Inc.ITW
44.5%
+1.4pp
3M CompanyMMM
41.8%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LMT$114.20B26.968.5%36.8%
PH$113.55B30.926.5%33.7%
GD$91.56B21.618.3%17.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.1%
Flat Growth
4Q Net Income CAGR
-2.7%
Stable Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$4.11
|
Revenue:-
Reports
All Years
  • 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
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $42.27B+7.3%
    |
    EPS: $12.14-1.4%
    Meet