General Dynamics (GD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

General Dynamics

NYSE•Industrials•Aerospace & Defense

$355.95-4.05(-0.01%)After hours

Market Cap

$97.26B

P/E

21.7x

P/S

1.8x

P/B

3.6x

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.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Cash & Earnings Quality (21/25); weakest: Profitability (17/25).

Profitability17/25

Growth19/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality21/25

Strengths

High ROELow leverageCash-backed earningsImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.7x5y range 16.7x – 23.6x

Currently near its 20-quarter median.

P/S · 1.8x5y range 1.4x – 1.8x

Currently near its 20-quarter median.

P/B · 3.6x5y range 3.0x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $97.26B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $54.86B
Q. Revenue: $14.09B
TTM EBITDA: $6.78B
TTM Op. Income: $5.66B
Q. Op. Income: $1.46B
TTM Net Income: $4.49B
Q. Net Income: $1.16B
EPS: N/A
Shares Out.: $270.16M

$54.86B in TTM revenue grew 9.1% YoY, reaching $14.09B last quarter. TTM EBITDA of $6.78B and TTM operating income of $5.66B show growth is flowing through to the bottom line. TTM net income of $4.49B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 12.3%
Op. Margin: 10.4%
Net Margin: 8.2%

Op. margin of 10.4% is up 0.4% YoY — cost efficiency is improving. Net margin at 8.2% Over the past year, operating margin is up 4% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.7x
P/S Ratio: 1.8x
P/B Ratio: 3.6x

At 21.7x P/E, the stock trades within typical market levels. P/S of 1.8x and P/B of 3.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 14% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $60.16B
Cash: $4.33B
Long-Term Debt: $6.26B
Book Value: $26.83B
D/E Ratio: 0.2
Debt/EBITDA: 3.6

With $60.16B in assets and $6.26B in long-term debt, D/E is 0.2and book value is $26.83B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $4.57B
FCF Margin: 8.3%
FCF / Net Income: 1.0

TTM FCF of $4.57B. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 11% — a weakening trend.