General Dynamics Corp
General Dynamics Corp (GD) is listed on NYSE and classified in Aerospace & Defense, part of the Industrials sector. It is headquartered in Reston, United States and has 117,000 employees. The company is worth $94.91B and trades at 21.4x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $52.55B in fiscal 2025, up 10.1% from the year before. Net income was $4.21B. The share price is 12.3% below its 52-week high of $400.00. It pays a dividend yielding 1.81%, and has raised its annual dividend for 28 years in a row in our records. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $742.37M. In that quarter, 4 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders sold $2.57M of its stock on the open market and bought none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover General Dynamics Corp.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +82.2% over 5Y.
today you would have $1,874.40▲ +87.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $336.66 | $263.49 | $259.67 | $248.11 | $208.47 | $148.82 | $176.35 | $157.21 | $203.45 | $172.66 | $137.36 | $137.62 | $95.55 | $69.27 | $66.41 | $70.96 | $68.17 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 7.0% a year plus a 1.8% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 16.2 across this company’s own years on record.
Cash flow growing 7.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WMWaste Management Inc | $239.10 | 32.5x | 9.6x | 1.58% | 29.84% | $95.57B |
| CSXCSX Corp | $51.67 | 26.9x | 7.3x | 1.08% | 24.36% | $95.72B |
| TTTrane Technologies plc | $448.80 | 35.1x | 11.5x | 0.94% | 36.64% | $98.75B |
| MMM3M Co | $175.56 |
| $57.59 |
| $88.99 |
| P/E | 16.2x | 21.8x | 19.3x | 21.6x | 20.4x | 18.0x | 13.5x | 14.7x | 14.1x | 21.3x | 20.8x | 14.8x | 18.5x | 14.3x | — | 9.7x | 10.4x | 11.0x | 9.3x | 17.5x |
| P/S | 1.3x | 1.7x | 1.5x | 1.7x | 1.7x | 1.5x | 1.1x | 1.3x | 1.3x | 2.0x | 1.7x | 1.3x | 1.5x | 1.1x | 0.8x | 0.7x | 0.8x | 0.8x | 0.8x | — |
| P/B | 3.3x | 3.6x | 3.2x | 3.3x | 3.7x | 3.3x | 2.7x | 3.7x | 3.7x | 5.1x | 5.1x | 4.1x | 3.9x | 2.3x | 2.1x | 1.8x | 2.0x | 2.1x | 2.3x | — |
| EPS | $15.45 | $13.63 | $12.02 | $12.19 | $11.55 | $11.00 | $11.98 | $11.18 | $9.56 | $8.29 | $9.29 | $7.42 | $6.67 | -$0.94 | $6.87 | $6.81 | $6.17 | $6.17 | $5.08 |
| Dividend yield | 2.12% | 1.76% | 2.12% | 2.01% | 2.00% | 2.24% | 2.90% | 2.26% | 2.31% | 1.61% | 1.72% | 1.96% | 1.76% | 1.76% | 3.62% | 2.76% | 2.31% | 2.19% | 2.33% | 1.24% |
| Payout | 32.96% | 38.32% | 40.94% | 43.43% | 40.77% | 40.43% | 39.27% | 33.31% | 32.47% | 34.31% | 35.83% | 28.96% | 32.61% | 25.19% | — | 26.64% | 24.08% | 24.15% | 21.72% | 21.65% |
| Profit margin | 8.21% | 8.01% | 7.93% | 7.84% | 8.60% | 8.47% | 8.35% | 8.85% | 9.24% | 9.40% | 8.42% | 9.55% | 8.21% | 7.62% | -1.07% | 7.73% | 8.08% | 7.49% | 8.39% | 7.61% |
| ROE | 19.27% | 16.43% | 17.14% | 15.56% | 18.26% | 18.46% | 20.22% | 24.92% | 27.62% | 24.68% | 24.97% | 29.08% | 21.41% | 16.25% | -2.91% | 19.09% | 19.71% | 19.27% | 24.46% | 17.61% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-13.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 26.1x |
| 22.0x |
| 1.78% |
| 72.97% |
| $90.54B |
| EMREmerson Electric Co | $160.29 | 35.1x | 4.4x | 1.39% | 12.80% | $89.41B |
| CTASCintas Corp | $224.04 | 44.2x | 17.2x | 0.93% | 41.38% | $88.96B |