GD · NYSE
General Dynamics Corporation
Aerospace & Defense · United States
- Market cap (USD)
- US$89.41B
- Trailing P/E
- 20.16x
- Forward P/E
- 17.77x
- Quarterly revenue growth
- 8.1%
- Trailing net margin
- 8.2%
- Indicated dividend yield
- 1.9%
Snapshot 2026-10-06 · Latest financial period 2026-07-05 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
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, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support 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 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, energetics and munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, and armored vehicles; and offers modernization programs, support and sustainment services, and development programs. 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 services, cybersecurity, network modernization, artificial intelligence; machine learning; application development, high-performance computing, and 5G and advanced communications services; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.
Company websiteQ2 2026
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Comparable businesses
GD peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | GDGeneral Dynamics CorporationSnapshot 2026-10-06Financial period: 2026-07-05 |
|---|---|
| Market capMarket value, converted to USD | US$89.41B |
| Forward P/EProvider forward earnings estimate | 17.77x |
| EV / EBITDAEnterprise value / trailing EBITDA | 14.29x |
| Revenue growthLatest quarter vs prior-year quarter | 8.1% |
| Operating marginLatest reported quarter | 10.4% |
| Free cash flow yieldTrailing cash flow / market cap | 4.9% |
| Net debt / EBITDANet debt / trailing EBITDA | 0.78x |
| Debt / equityTotal debt / positive book equity | 0.35x |
| Trailing P/ETrailing twelve-month earnings | 20.16x |
| Price / bookPrice / positive book equity per share | 3.33x |
| EV / salesEnterprise value / trailing revenue | 1.73x |
| Earnings growthLatest quarter vs prior-year quarter | 13.4% |
| Gross marginTrailing twelve months | 15.4% |
| Net marginTrailing twelve months | 8.2% |
| Return on equityProvider trailing return; positive equity only | 17.8% |
| Free cash flow marginTrailing free cash flow / revenue | 8.0% |
| Dividend yieldIndicated annual dividend / price | 1.9% |
| Earnings payoutProvider trailing dividend payout | 37.7% |
| Current ratioCurrent assets / current liabilities | 1.44x |
| BetaProvider historical market sensitivity | 0.33 |
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for GD
Q2 20262026-07-29
General Dynamics (GD): Record $136.5B Backlog, a Beat AND a Raise — So Why Did the Stock Fall?
Presentation · 2026-07-29 · YouTube
Q1 20262026-04-29
GD Stock: $13.1B Revenue — Q1 2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube