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    General Dynamics Corporation (GD)

    Official site

    INDUSTRIALS • AEROSPACE & DEFENSE • NYSE

    $332.42
    -3.04 (-0.91%)

    Market Cap: $91.19B

    Last updated: Oct 16, 2026 at 4:56 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    85%(33/39)
    Avg Surprise
    +2.63%
    Streak
    7 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$4.15
    Range$4.05 - $4.26
    16 analysts
    EPS Revisions
    2
    0
    7d
    13
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$4.07+1.9%
    60d ago$4.14+0.3%
    30d ago$4.14+0.2%
    7d ago$4.14+0.1%
    Current$4.15
    Revenue Consensus
    $13.8B
    Range$13.5B - $14.1B
    20 analysts
    Period ending Dec 31, 2026
    EPS Consensus$5.19
    Range$5.00 - $5.54
    18 analysts
    Revenue Consensus
    $15.9B
    Range$15.3B - $16.6B
    23 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$5.19---
    Sep 26EST
    		-$4.15---
    Jun 26
    Reported Jul 29
    		$4.24$3.95+7.34%Beat+13.4%
    Mar 26
    Reported Apr 29
    		$4.10$3.69+11.11%Beat+12.0%
    Dec 25
    Reported Jan 28
    		$4.17$4.12+1.21%Beat+0.5%
    Sep 25
    Reported Oct 24
    		$3.88$3.71+4.58%Beat+15.8%
    Jun 25
    Reported Jul 23
    		$3.74$3.54+5.65%Beat+14.7%
    Mar 25
    Reported Apr 23
    		$3.66$3.48+5.17%Beat+27.1%
    Dec 24
    Reported Jan 29
    		$4.15$4.04+2.72%Beat+14.0%
    Sep 24
    Reported Oct 23
    		$3.35$3.51-4.56%Miss+10.2%
    Jun 24
    Reported Jul 24
    		$3.26$3.33-2.10%Miss+20.7%
    Mar 24
    Reported Apr 24
    		$2.88$2.93-1.71%Miss+9.1%
    Dec 23
    Reported Jan 24
    		$3.64$3.62+0.55%Beat+1.7%
    Sep 23
    Reported Oct 25
    		$3.04$2.92+4.11%Beat-6.7%
    Jun 23
    Reported Jul 26
    		$2.70$2.60+3.85%Beat-1.8%
    Mar 23
    Reported Apr 26
    		$2.64$2.59+1.93%Beat+1.1%
    Dec 22
    Reported Jan 25
    		$3.58$3.54+1.13%Beat+5.6%
    Sep 22
    Reported Oct 26
    		$3.26$3.14+3.82%Beat+6.2%
    Jun 22
    Reported Jul 27
    		$2.75$2.73+0.73%Beat+5.4%
    Mar 22
    Reported Apr 27
    		$2.61$2.52+3.57%Beat+5.2%
    Dec 21
    Reported Jan 26
    		$3.39$3.37+0.59%Beat-2.9%
    Sep 21
    Reported Oct 27
    		$3.07$2.99+2.68%Beat+5.9%
    Jun 21
    Reported Jul 28
    		$2.61$2.55+2.35%Beat+19.7%
    Mar 21
    Reported Apr 28
    		$2.48$2.30+7.83%Beat+2.1%
    Dec 20
    Reported Jan 27
    		$3.49$3.54-1.41%Miss-0.6%
    Sep 20
    Reported Oct 28
    		$2.90$2.86+1.40%Beat-7.6%
    Jun 20
    Reported Jul 29
    		$2.18$2.17+0.46%Beat-21.3%
    Mar 20
    Reported Apr 29
    		$2.43$2.56-5.08%Miss-5.1%
    Dec 19
    Reported Jan 29
    		$3.51$3.46+1.45%Beat+14.3%
    Sep 19
    Reported Oct 23
    		$3.14$3.05+2.95%Beat+8.7%
    Jun 19
    Reported Jul 24
    		$2.77$2.69+2.97%Beat-1.8%
    Mar 19
    Reported Apr 24
    		$2.56$2.39+7.11%Beat-3.4%
    Dec 18
    Reported Jan 30
    		$3.07$2.99+2.68%Beat+46.2%
    Sep 18
    Reported Oct 24
    		$2.89$2.77+4.33%Beat+14.7%
    Jun 18
    Reported Jul 25
    		$2.82$2.48+13.71%Beat+15.1%
    Mar 18
    Reported Apr 25
    		$2.65$2.48+6.85%Beat+6.9%
    Dec 17
    Reported Jan 24
    		$2.10$2.34-10.26%Miss-18.6%
    Sep 17
    Reported Oct 25
    		$2.52$2.44+3.28%Beat-
    Jun 17
    Reported Jul 26
    		$2.45$2.43+0.82%Beat-
    Mar 17
    Reported Apr 26
    		$2.48$2.32+6.90%Beat-
    Dec 16
    Reported Jan 27
    		$2.58$2.53+1.98%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.91%
    Forward Annual Dividend$6.36
    Payout Ratio22.03%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+6.00%
    5Y CAGR+6.50%
    GD dividend history and ex-dividend datesRun GD in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio20.28EV/EBITDA14.02x
    Price/FCF13.96xFCF Yield7.16%
    Profitability
    Profit Margin8.18%Operating Margin10.40%
    ROE17.80%ROIC13.68%
    Financial Health
    Debt/Equity0.28xInterest Coverage22.36x
    Current Ratio1.44xQuick Ratio0.96x
    Trading Statistics
    Beta0.33Avg Volume1.40M
    52-Week High$398.0752-Week Low$303.95

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$330.23
    SMA 20$336.75
    SMA 50$360.29
    SMA 200$352.61
    EMA 10$332.31
    EMA 20$337.65
    EMA 50$350.25
    EMA 200$349.06

    MACD

    Line: -8.03Signal: -9.34Hist: 1.31

    ADX

    ADX: 62.6+DI: 7.5-DI: 29.2

    Aroon & PSAR

    Aroon Up28.0
    Aroon Down88.0
    PSAR$322.79

    Bollinger Bands

    Upper Band$356.35
    Lower Band$317.15
    %B Position1164%(Upper)
    Band Width0.39

    RSI (14-Day)

    Neutral
    37.4

    Momentum Oscillators

    Stoch %K41.5
    Stoch %D30.0
    Williams %R-54.2
    ROC (10d)0.5%
    Momentum1.67
    CCI (20d)-42.4
    MFI (14d)28.8

    Volatility Measures

    ATR (14d)$6.48(1.9%)
    StdDev (20d)9.80
    Hist Vol16.6%(Low)

    Volume Flow

    VWAP$332.59
    OBV3.3M
    AD Line-364.9M
    CMF (20d)-0.536

    Volume Metrics

    Avg Vol (20d)1.4M
    Vol Ratio0.9x
    VWMA (20d)$336.64

    Pivot Points

    R3$340.91
    R2$338.56
    R1$337.01
    Pivot Point$334.67
    S1$333.12
    S2$330.77
    S3$329.22

    Advanced Oscillators

    TSI-41.33
    Ultimate Osc40.7
    KST-94.12

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$14.09B$13.48B$14.38B$12.91B$13.04B$12.22B$13.34B$11.67B$11.98B$10.73B$11.67B$10.57B
    Cost of Revenue$11.91B$11.34B$12.24B$10.94B$11.09B$10.33B$11.25B$9.86B$10.18B$9.07B$9.74B$8.91B
    Gross Profit$2.18B$2.14B$2.14B$1.97B$1.95B$1.89B$2.08B$1.82B$1.80B$1.66B$1.92B$1.66B
    Operating Expenses$723.00M$723.00M$689.00M$637.00M$644.00M$625.00M$662.00M$635.00M$644.00M$627.00M$635.00M$601.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$723.00M$723.00M$689.00M$637.00M$644.00M$625.00M$662.00M$635.00M$644.00M$627.00M$635.00M$601.00M
    Operating Income$1.46B$1.42B$1.45B$1.33B$1.30B$1.27B$1.42B$1.18B$1.16B$1.04B$1.29B$1.06B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$49.00M$69.00M$63.00M$74.00M$88.00M$89.00M$76.00M$82.00M$84.00M$82.00M$78.00M$85.00M
    Income Before Tax$1.41B$1.37B$1.40B$1.27B$1.23B$1.20B$1.37B$1.11B$1.09B$968.00M$1.23B$991.00M
    Income Tax Expense$247.00M$244.00M$256.00M$213.00M$218.00M$206.00M$220.00M$184.00M$185.00M$169.00M$222.00M$155.00M
    Net Income$1.16B$1.13B$1.14B$1.06B$1.01B$994.00M$1.15B$930.00M$905.00M$799.00M$1.00B$836.00M
    EBITDA$1.69B$1.67B$1.71B$1.57B$1.54B$1.51B$1.68B$1.41B$1.39B$1.26B$1.53B$1.28B
    EBIT$1.46B$1.44B$1.46B$1.35B$1.32B$1.29B$1.44B$1.20B$1.17B$1.05B$1.30B$1.08B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $6.60B
    Gov Obligations / Revenue
    12.0%
    Obligations YoY
    269.0%
    Active Awards
    1,748
    New Awards (TTM)
    623
    Avg Remaining Term
    71.3 mo

    Top agency: Department of Defense at 50.4% of trailing twelve month obligations across 19 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    SPRRA225F0197Department of DefenseDefense Logistics Agency$383.50MSep 30, 2025
    W519TC25F0358Department of DefenseDepartment of the Army$131.64MSep 18, 2025
    140D0425F0725Department of the InteriorDepartmental Offices$82.60MAug 27, 2025
    47QFMA25F0016General Services AdministrationFederal Acquisition Service$80.83MSep 24, 2025
    FA714626F0001Department of DefenseDepartment of the Air Force$77.43MMar 1, 2026
    W912CH26C0006Department of DefenseDepartment of the Army$70.28MMar 24, 2026
    W900KK26FA054Department of DefenseDepartment of the Army$69.46MApr 1, 2026
    140D0425F0719Department of the InteriorDepartmental Offices$61.72MAug 7, 2025
    N0042126F3000Department of DefenseDepartment of the Navy$59.20MJul 1, 2026
    140D0426F0370Department of the InteriorDepartmental Offices$38.33MMay 1, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Aerospace and defense industry takes off in Cedar Park

    Cedar Park's aerospace and defense industry is experiencing rapid growth, largely driven by Firefly Aerospace's expansion and the emergence of new companies like Frontera Space. The city and Williamson County are...

    Community Impact Newspaper•10/16/26•Bullish

    Did CEO Succession Just Shift General Dynamics (GD) Investment Narrative?

    General Dynamics recently announced a CEO transition, with Phebe Novakovic moving to executive chairman and Danny Deep taking over as CEO. This change, while keeping experienced leadership involved...

    Simply Wall Street•10/16/26•Somewhat-Bullish

    General Dynamics stock: TD Cowen cut target from USD 420.00 to USD 380.00

    TD Cowen has lowered its price target for General Dynamics (GD) stock from $420.00 to $380.00, while maintaining a Buy rating. This adjustment comes ahead of General Dynamics' third-quarter earnings report...

    ad-hoc-news.de•10/16/26•Somewhat-Bearish

    RTX Locks In a Decade of Defense Dominance

    RTX, through its Raytheon unit, has secured a significant $8 billion sole-source contract for nuclear command-and-control modernization until 2036...

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    GD Valuation and Fair Value

    P/E
    20.3x
    Forward P/E
    18.4x
    EV/EBITDA
    14.0x
    P/FCF
    14.0x
    PEG
    2.1x
    P/B
    3.4x
    See GNG's fair value

    GD Profitability: Margins, ROIC and FCF

    Gross margin
    15.4%
    Operating margin
    10.4%
    Net margin
    8.2%
    ROIC
    13.7%
    ROE
    17.8%
    FCF margin
    11.7%
    FCF yield
    7.2%

    GD Competitors

    CompanyTicker
    Quanta Services IncPWR
    Emerson Electric CompanyEMR
    Trane Technologies plcTT
    CSX CorporationCSX
    Lockheed Martin CorporationLMT
    Waste Management IncWM
    Parker-Hannifin CorporationPH
    Johnson Controls International PLCJCI

    Sector: Industrials

    GD Analyst Ratings

    Consensus
    Buy
    Analysts
    24
    Strong Buy
    4
    Buy
    10
    Hold
    9
    Sell
    1
    Strong Sell
    0

    GD Bull Case vs Bear Case

    Bull case

    • GD beat EPS estimates in 87.5% of its last 8 reported quarters.

    GD Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    4.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $4.15
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    13 up, 3 down

    GD Dividend

    Forward yield
    1.9%
    Payout ratio
    22.0%
    3Y DPS growth
    6.0%
    5Y DPS growth
    6.5%
    Pay months
    Feb, May, Aug, Nov
    GD dividend history

    Frequently Asked Questions About GD

    What is GD's current dividend yield?

    General Dynamics Corporation (GD) has a forward dividend yield of 1.91%.

    Does GD pay dividends?

    Yes, General Dynamics Corporation pays dividends with a forward dividend yield of 1.91%.

    What is GD's P/E ratio?

    General Dynamics Corporation has a price-to-earnings (P/E) ratio of 20.28.

    What is GD's market cap?

    General Dynamics Corporation (GD) has a market capitalization of $91.19B with a current stock price of $332.42.

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