General Dynamics Corp (GD)
Industrials · Aerospace & Defense · US stock · S&P 500 component
$344.23
▲ +7.20 (2.14%)
Fair valueFair
$452 +31.3% to fair value
$226fair band $316–$588$678
Day's range
$339.25 – $344.95
52-week range
$303.95 – $398.07
About General Dynamics Corp
General Dynamics is a defense and aerospace company with four main businesses: Gulfstream business jets, Marine Systems for submarines and surface ships, Combat Systems for land vehicles and munitions, and Technologies for information technology and mission systems. Revenue comes mainly from long-term contracts with the United States government and allied governments, plus sales of business jets to private and corporate customers.
Revenue at General Dynamics Corp was $53.8 billion across the last twelve months. Across three years, sales expanded by 10.1% a year. Operating profit was 10.2% of revenue. It earned a return on invested capital of 15%. Debt after cash comes to 0.7 times EBITDA. Shareholders receive a dividend yielding 1.8%. On the site's X-Ray Score, it rates 69 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $303.95 – $398.07Volume 1,262,400Daily, split-adjusted
Vitals
Market cap$94.4B
52-week range$303.95 – $398.07
Volume (last day)1,262,400
P/E (TTM)21.6
EBIT / EV yield5.6%
Free-cash-flow yield6.6%
Dividend yield1.8%
Revenue (TTM)$53.8B
Net income (TTM)$4.3B
Operating margin10.2%
Return on capital14.9%
Debt incl. leases$8.0B
Cash & securities$3.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$452model spread $433 – $472
Fair
+31.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $344
Undervalued < $316Fair $316 – $588Overvalued > $588
10-year DCF (market-scaled)
$407
Peer multiples
$442
Earnings power floor (not blended)
$177
Fundamentals-adjusted multiple
$507
Growth the price implies
10.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Strong
77/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.6%
Free-cash-flow yield6.6%
Fair value vs price1.3×
Growth
Fair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)10.1%
EPS growth (3y)8.2%
Growth consistency100%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital14.9%
Operating margin10.2%
Financial health
Strong
82/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA0.7×
Interest coverNo interest cost
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.8%
Dividends vs free cash flow28%
Dividend growth5.2%
Quarterly results: last 6 quarters
+14.3%
Dec '24
+13.9%
Mar '25
+8.9%
Jun '25
+10.6%
Sep '25
+7.8%
Dec '25
+10.3%
Apr '26
Revenue against the same quarter a year earlier. Latest quarter revenue $13.5B.
Compare with peers
TXT Textron Inc65 LHX L3harris Technologies,...59 LMT Lockheed Martin Corp57 HWM Howmet Aerospace Inc.54Other Aerospace & Defense companies by X-Ray Score.
Fundamentals checklist
● 10 Good · ● 3 Average · ● 2 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 64/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $38.5B | $39.4B | $42.3B | $47.7B | $52.6B |
| Operating income | $4.2B | $4.2B | $4.2B | $4.8B | $5.4B |
| Net income | $3.3B | $3.4B | $3.3B | $3.8B | $4.2B |
| Operating cash flow | $4.3B | $4.6B | $4.7B | $4.1B | $5.1B |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Free cash flow | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| Diluted EPS | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 332.8 | Bullish |
| EMA 10 | 335.5 | Bullish |
| SMA 20 | 334.3 | Bullish |
| EMA 20 | 338.0 | Bullish |
| SMA 50 | 357.6 | Bearish |
| EMA 50 | 348.9 | Bearish |
| SMA 100 | 359.1 | Bearish |
| EMA 100 | 352.9 | Bearish |
| SMA 200 | 351.6 | Bearish |
| EMA 200 | 347.5 | Bearish |
Oscillators (daily)
| RSI (14) | 53.86 | Neutral |
| MACD (12, 26) | -5.18 | Bearish |
| Momentum (12) | 4.24 | Bullish |
| Stochastic %K (14) | 97.06 | Bearish |
| Williams %R (14) | -2.94 | Bearish |
| CCI (20) | 105.3 | Bearish |
Pivot points (classic, last session)
S3 335.0 | S2 337.1 | S1 340.7 | Pivot 342.8 | R1 346.4 | R2 348.5 | R3 352.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
6.27 USD
Yield on today's price
1.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 9 Oct 2026 | 1.5900 |
| 2 Jul 2026 | 1.5900 |
| 10 Apr 2026 | 1.5900 |
| 16 Jan 2026 | 1.5000 |
| 10 Oct 2025 | 1.5000 |
| 3 Jul 2025 | 1.5000 |
| 11 Apr 2025 | 1.5000 |
| 17 Jan 2025 | 1.4200 |
| 11 Oct 2024 | 1.4200 |
| 5 Jul 2024 | 1.4200 |
| 11 Apr 2024 | 1.4200 |
| 18 Jan 2024 | 1.3200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
GD SEC filings
8 Oct 2026
8-KSEC EDGAR
Director or officer change
7 Aug 2026
8-KSEC EDGAR
Director or officer change
4 Aug 2026
8-KSEC EDGAR
Other events
4 Aug 2026
424B5SEC EDGAR
424B5
29 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
11 May 2026
8-KSEC EDGAR
Shareholder vote results
29 Apr 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.