General Dynamics Corporation
- Open
- 376.78
- Day high
- 378.99
- Day low
- 367.46
- Prev close
- 379.32
- Volume
- 1.2M
- Mkt cap
- $100.5B
- P/E (TTM)
- 22.3
- EPS (TTM)
- $16.63
- P/B
- 3.7
- P/S
- 1.8
- Yield
- 1.66%
- Per share
- $6.18
- ▼Insiders net selling -$40.4M over the last 3 months (0 open-market buys, 9 sales)
- 🏛Institutions accumulating (13F)
General Dynamics Corporation (GD) is a Industrials company listed on NYSE. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 9 sales (SEC Form 4). Drillr has 4 published research articles covering GD.
General Dynamics Corporation (GD) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $3.96 | $4.24 | +7.0% | $14.1B | +3.9% |
| Apr 29, 2026 | $3.67 | $4.10 | +11.7% | $13.5B | +6.1% |
| Jan 28, 2026 | $4.11 | $4.17 | +1.5% | $14.4B | +4.2% |
| Oct 24, 2025 | $3.70 | $3.88 | +4.9% | $12.9B | +3.3% |
| Jul 23, 2025 | $3.55 | $3.74 | +5.4% | $13.0B | +5.3% |
| Apr 23, 2025 | $3.49 | $3.66 | +4.9% | $12.2B | +2.0% |
| Jan 29, 2025 | $4.07 | $4.15 | +2.0% | $13.3B | +4.1% |
| Oct 23, 2024 | $3.48 | $3.35 | -3.7% | $11.7B | -0.1% |
| Jul 24, 2024 | $3.27 | $3.26 | -0.3% | $12.0B | +4.5% |
| Jan 24, 2024 | $3.68 | $3.64 | -1.1% | $11.7B | +2.6% |
| Oct 25, 2023 | $2.91 | $3.04 | +4.5% | $10.6B | +11.5% |
| Jul 26, 2023 | $2.56 | $2.70 | +5.5% | $10.2B | +7.4% |
GD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 17, 2026 | Deep Dannydirector, officer: President | Option | 8,530 | $167.61 |
| Aug 17, 2026 | Deep Dannydirector, officer: President | Tax | 17,070 | $395.06 |
| Aug 17, 2026 | Deep Dannydirector, officer: President | Tax | 5,833 | $395.05 |
| Aug 17, 2026 | Deep Dannydirector, officer: President | Option | 25,070 | $165.47 |
| Aug 17, 2026 | Smith Robert Edwardofficer: Executive Vice President | Option | 35,010 | $165.47 |
| Aug 17, 2026 | Smith Robert Edwardofficer: Executive Vice President | Option | 9,430 | $189.00 |
| Aug 17, 2026 | Smith Robert Edwardofficer: Executive Vice President | Tax | 23,930 | $390.66 |
| Aug 17, 2026 | Smith Robert Edwardofficer: Executive Vice President | Tax | 6,755 | $390.99 |
| Aug 12, 2026 | Kuryea Kimberly Aofficer: Senior Vice President & CFO | Tax | 21,557 | $395.59 |
| Aug 12, 2026 | Kuryea Kimberly Aofficer: Senior Vice President & CFO | Option | 28,300 | $223.93 |
| Aug 12, 2026 | Wall Peter Adirector | Option | 1,990 | $223.93 |
| Aug 12, 2026 | Wall Peter Adirector | Sell | 1,990 | $396.43 |
| Aug 6, 2026 | Deep Dannyofficer: President | Tax | 4,428 | $380.84 |
| Aug 6, 2026 | Deep Dannyofficer: President | Option | 6,090 | $191.71 |
| Aug 6, 2026 | Brady Christopher Jofficer: Vice President | Sell | 6,320 | $383.32 |
Source: GD SEC Form 4 filings, latest Aug 17, 2026. For informational purposes only — not investment advice.
See the full GD insider & 13F page →GD research & analysis
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General Dynamics Corporation company profile
Overview
General Dynamics Corporation (NYSE:GD) is a major American aerospace and defense contractor founded in 1899 and headquartered in Reston, Virginia. The company has evolved from its origins as Electric Boat Company, a submarine manufacturer, into one of the world's largest defense contractors. Today, General Dynamics operates through four primary business segments: Aerospace (luxury business jets), Marine Systems (naval vessels), Combat Systems (land-based military vehicles and weapons), and Technologies (IT services and mission systems). The company serves both U.S. and international government customers as well as commercial clients, with a particular strength in high-end defense systems and luxury aviation.
Business
General Dynamics operates in the aerospace and defense industry, providing sophisticated military equipment, naval vessels, business aircraft, and technology services across four distinct business segments. Aerospace (approximately 25% of revenue) designs, manufactures, and sells luxury business jets under the Gulfstream brand, including the flagship G700 and G800 models. These are ultra-long-range corporate aircraft that can fly non-stop across continents, featuring advanced avionics, luxurious interiors, and cutting-edge technology. The division also provides aircraft maintenance, repair, charter services, and fixed-base operator services at airports. Marine Systems (approximately 30% of revenue) is one of the few companies capable of designing and building nuclear-powered submarines for the U.S. Navy. This segment constructs the Virginia-class attack submarines and the next-generation Columbia-class ballistic missile submarines, which serve as a cornerstone of America's nuclear deterrent. The division also builds surface combatants, auxiliary ships, and commercial vessels including tankers and cargo ships under the Jones Act, which requires domestic shipping between U.S. ports to use American-built vessels. Combat Systems (approximately 18% of revenue) manufactures land-based military vehicles and weapons systems. Key products include the Stryker wheeled combat vehicle used by the U.S. Army, main battle tanks like the M1A2 Abrams, armored personnel carriers, artillery systems, and various munitions. The segment serves both U.S. forces and international customers, with growing demand from European allies. Technologies (approximately 27% of revenue) provides information technology solutions, cybersecurity services, and mission-critical systems to military, intelligence, and federal civilian agencies. This includes cloud computing, artificial intelligence, data analytics, communications systems, and intelligence, surveillance, and reconnaissance (ISR) solutions. The segment operates primarily through General Dynamics Information Technology (GDIT).
Revenue model
General Dynamics generates revenue through multiple business models across its four segments. Product sales constitute the primary revenue source, with the company manufacturing and selling complex, high-value defense systems, naval vessels, aircraft, and military vehicles directly to government and commercial customers. The Aerospace segment sells business jets to corporations, high-net-worth individuals, and charter companies, with aircraft prices ranging from tens of millions to over $70 million for flagship models. Service contracts provide substantial recurring revenue, particularly in the Technologies segment through multi-year IT services contracts with federal agencies. The Marine Systems segment generates ongoing revenue from ship maintenance, modernization, and lifecycle support services for the Navy's fleet. Similarly, the Aerospace division earns revenue from aircraft maintenance, repair, and operational services. Long-term government contracts form the backbone of the defense segments, often spanning multiple years with built-in escalation clauses and milestone payments. These contracts typically include both development and production phases, providing revenue visibility and cash flow predictability. Several factors influence the company's margins and profitability. Positive margin drivers include economies of scale in production, learning curve efficiencies as programs mature, international sales which often carry higher margins, and the company's position in specialized markets with limited competition. The luxury nature of Gulfstream aircraft and the technical complexity of nuclear submarines create pricing power. Margin pressures come from supply chain disruptions and component shortages, which have particularly impacted the Marine Systems segment. Inflation in raw materials and labor costs affects all segments, though defense contracts often include some protection through escalation clauses. New program development costs, such as the initial production lots of the G700 aircraft, temporarily depress margins until manufacturing processes mature. Competition in certain markets, particularly in IT services, can pressure pricing and margins.
Competitive moat
General Dynamics possesses several significant competitive advantages that create substantial barriers to entry in its core markets. The company's strongest moat lies in its Marine Systems segment, where it is one of only two U.S. companies capable of designing and building nuclear-powered submarines. This capability requires decades of accumulated expertise, specialized facilities, security clearances, and intimate knowledge of nuclear propulsion systems. The barriers to entry are virtually insurmountable due to the combination of technical complexity, regulatory requirements, and the massive capital investment needed to establish such capabilities. In Combat Systems, General Dynamics benefits from long-standing relationships with the U.S. military and allied nations, extensive intellectual property in vehicle design and weapons systems, and manufacturing expertise that takes years to develop. The company's track record with programs like the Stryker vehicle and M1 Abrams tank creates customer loyalty and follow-on business opportunities. The Aerospace segment operates in the ultra-high-end business jet market where the moat is moderately strong but faces more competition. Gulfstream's brand reputation, global service network, and technological leadership in long-range aircraft provide competitive advantages, though competitors like Bombardier and Dassault offer viable alternatives. Technologies represents the weakest moat, operating in the highly competitive government IT services market. While General Dynamics has established customer relationships and security clearances that provide some protection, the barriers to entry are lower, and the company faces intense competition from numerous IT service providers. The primary competitive threats come from budget constraints in defense spending, potential policy changes affecting international sales, and technological disruption in certain segments. However, the specialized nature of most of General Dynamics' products and the critical national security applications create significant switching costs and customer dependency.
Risks & safety
General Dynamics demonstrates a solid financial position with moderate margin of safety, though some metrics warrant attention. • Liquidity and Solvency: Strong current ratio of 1.34x and adequate cash position of $1.7 billion, though negative free cash flow of -$290 million in Q1 2025 raises short-term concerns • Debt Management: Reasonable debt-to-equity ratio of 0.52x indicates manageable leverage levels • Valuation Metrics: Trading at 18.4x P/E ratio and 13.8x EV/EBITDA, representing fair but not cheap valuation for a defense contractor • Profitability: Consistent operating margins around 10-11% with return on equity of 4.5% in recent quarter • Other Considerations: Long-term contracted revenue provides cash flow visibility, though quarterly volatility is common due to program timing and delivery schedules
Recent development
Over the past few years, General Dynamics has focused on several key strategic initiatives and product developments. The most significant development has been the certification and delivery of the G700 and G800 aircraft in the Aerospace segment. After delays due to engine certification issues and supply chain challenges, both aircraft received certification and began deliveries, representing the next generation of Gulfstream's flagship products with enhanced range, speed, and luxury features. In Marine Systems, the company has been navigating significant supply chain challenges while ramping up production of the Columbia-class submarine program, which represents the future of the U.S. nuclear deterrent. The segment has been working closely with the Navy to address productivity issues and supply chain constraints that have impacted delivery schedules for Virginia-class submarines. Combat Systems has experienced robust growth driven by increased international demand, particularly from European allies responding to geopolitical tensions. The segment has expanded munitions production capacity, including a new facility in Texas, to meet growing demand for artillery shells and other ammunition driven by global conflicts. The Technologies segment has focused on expanding capabilities in artificial intelligence, machine learning, cloud computing, and cybersecurity services. The division has been positioning itself to capture growth in next-generation defense technologies and digital transformation initiatives across federal agencies. Across all segments, the company has been investing in supply chain resilience and working with the government on acquisition reform initiatives to improve program efficiency and reduce costs. Management has also emphasized returning capital to shareholders through dividends and share repurchases while maintaining investment in research and development.
GD company profile · for informational purposes only — not investment advice.
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