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GENERAL DYNAMICS CORP GD

NYSE · stock · Ship & Boat Building & Repairing · website · IPO 1952-04-25 · LEI

GENERAL DYNAMICS CORP statistics & valuation

Market cap$93.8B
P / E22.3×
P / S1.8×
P / B3.7×
P / FCF23.7×
Dividend yield1.70%
Net margin8.0%
Return on equity16.4%
FCF margin7.5%
Net debt$5.7B
Net debt / EBITDA0.9×
Enterprise value USD$99.5B
EV / EBITDA15.8×
Earnings yield EBIT/EV5.4%
Return on capital13.2%
Graham number -54.1%$180.82

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($180.82); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.40% 9.40% 9.20% 8.90% 8.40% 8.50% 8.60% 7.80% 7.90% 8.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
12.30% 13.70% 12.10% 11.60% 10.90% 10.80% 10.70% 10.00% 10.10% 10.20% 2016201720182019202020212022202320242025
Return on equity (%)
25.00% 24.70% 27.60% 24.90% 20.20% 18.50% 18.30% 15.60% 17.10% 16.40% 2016201720182019202020212022202320242025
Shares outstanding
310.4M 304.6M 299.2M 290.8M 287.9M 282.0M 278.2M 275.7M 277.5M 272.4M 2016201720182019202020212022202320242025
Net debt ($)
$1.55B $1.05B $11.55B $11.10B $10.29B $10.00B $9.35B $7.43B $7.13B $5.74B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.80% 8.30% 7.30% 7.10% 6.20% 6.50% 6.60% 6.00% 6.80% 7.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.80% 11.10% 6.80% 5.10% 7.60% 8.80% 8.80% 9.00% 6.70% 7.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.38× 0.34× 1.03× 0.86× 0.84× 0.66× 0.57× 0.44× 0.40× 0.32× 2016201720182019202020212022202320242025
EPS ($)
$8.29 $9.56 $11.18 $11.98 $11.00 $11.55 $12.19 $12.02 $13.63 $15.45 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

GENERAL DYNAMICS CORP trades at about 25.5× earnings — above its 10-year norm (10-year range 13.3×–23.3×, median 19.1×).

13.3× 25.5×

Shaded band = 10-year range (13.3×–23.3×); dot = today's 25.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin10.2%10.1%10.0%10.7%10.8%10.9%11.6%12.1%13.7%12.3%
Net margin8.0%7.9%7.8%8.6%8.5%8.4%8.9%9.2%9.4%8.4%
FCF margin7.5%6.7%9.0%8.8%8.8%7.6%5.1%6.8%11.1%5.8%
Return on assets7.4%6.8%6.0%6.6%6.5%6.2%7.1%7.3%8.3%7.8%
Return on equity16.4%17.1%15.6%18.3%18.5%20.2%24.9%27.6%24.7%25.0%
Debt / equity0.32×0.40×0.44×0.57×0.66×0.84×0.86×1.03×0.34×0.38×
Current ratio1.441.371.441.371.431.351.211.231.401.23

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.