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General DynamicsGD

Aerospace & Defense · Reston, Virginia · In the S&P 500
Solid business
$372.59+0.48%After hours: $372.36 (−0.06%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 8.5% over 1 year
General Dynamics over 1 yearDaily close, $, to 30 Oct 2026
$325$350Nov2026MarMayJulSep$372.59$350NovMarJul$372.59
Source: Nasdaq daily closes
Market value$101B
Price to earnings21.9x
Forward P/E21.3x
Dividend yield1.71%
Year to date+10.7%
One year+8.5%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$312.53$395.97

Quality and valuation

How General Dynamics compares with other industrials stocks. A description, not a recommendation.

General Dynamics and 7 aerospace & defense peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among industrials companies, priced about in line with them.

General Dynamics trades at 21.3 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +9.7% vs +8.2%
  • Less profitable (operating margin): 10.4% vs 17.5%
  • Turns less of its sales into cash: 10.2% vs 13.1%
GD trades at 21.3x forward earnings, below the sector medianForward p/e, Aerospace & Defense peers
NOC19.3xLMT20.6xGD21.3xTDG24.6xRTX26.8xHWM33.6xGE35.7xSector median 21.4xNOC19.3xLMT20.6xGD21.3xTDG24.6xRTX26.8xHWM33.6xGE35.7xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 21.9x earnings, GD is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
18x20x24xAverage 21.4x2025202621.9x20xAverage 21.4x2025202621.9x
Source: Nasdaq prices; SEC filings

Financials

From General Dynamics's SEC filings, through the quarter ending 4 Oct 2026. Hover or tap a bar for its value.

Revenue grew 12.9% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$14.6bnQ3 ’26$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$14.6bnQ3 ’26
Source: SEC filings
Growth sped up to +12.9% last quarterRevenue growth, year on year, %
0%5%10%Q4 ’24Q2 ’25Q4 ’2512.9%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’2512.9%Q3 ’26
Source: SEC filings
Operating margin was 10.5% last quarterOperating income as a share of revenue, %
0%5%10%Q4 ’24Q2 ’25Q4 ’2510.5%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’2510.5%Q3 ’26
Source: SEC filings
Free cash flow was $5.8 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26$0bn$1bnQ4 ’24Q2 ’25Q4 ’25$1.2bnQ3 ’26
Source: SEC filings
Last 12 monthsGDSector median
Revenue growth+9.7%+8.2%
Operating margin10.4%17.5%
Free cash flow margin10.2%13.1%
Price to earnings21.9x25.8x

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Similar companies

Aerospace & Defense, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
RTXRTX$199.80+0.20%+8.9%$270B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
BABoeing$171.55−0.64%−21.0%$136B
HWMHowmet Aerospace$199.22−3.26%−2.8%$79.45B
NOCNorthrop Grumman$557.54−0.86%−2.2%$79.21B
TDGTransDigm Group$1,146.81−2.47%−13.8%$63.39B
LHXL3Harris$277.61−0.29%−5.4%$51.70B