Global aerospace and defense company offering diverse portfolio from nuclear submarines to business aircraft.
Profile & Fundamentals
General Dynamics: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
General Dynamics Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
General Dynamics Corporation
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- General Dynamics Corporation
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇺🇸 United States
- Head office
- 11011 Sunset Hills Road, Reston, VA, United States, 20190
Leadership & scale
- Chief executive
- Ms. Phebe N. Novakovic
- CEO year born
- 1958
- Full-time employees
- 117K
- Fiscal year end
- December
- IPO date
- 1977-01-03
Fundamentals snapshot
- Market Cap
- USD 90.7B
- P/E
- 20.2x
- Revenue (Q2 26)
- USD 14.1B
- Profit (Q2 26)
- USD 1.2B
- Dividend Yield
- 1.3%
- Revenue (FY 25)
- USD 52.5B
- Shares in public float
- 254.4M
- Insider ownership
- 0.56%
Reporting & identifiers
- Symbol
- GD.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US3695501086
- Asset ID
- equity_efaee6b2-dc0f-5b4f-bbfe-e46fdcfc1620
Ownership
Shares Outstanding
Latest: 273.8M | Max: 302.4M | Min: 273.8M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
92.93%
254.4M latest reported shares
Insider Ownership
0.56%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
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| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 302,400,000 |
| 2018-01-01 | 296,400,000 |
| 2019-01-01 | 290,900,000 |
| 2020-01-01 | 287,100,000 |
| 2021-01-01 | 280,600,000 |
| 2022-01-01 | 277,200,000 |
| 2023-01-01 | 275,900,000 |
| 2024-01-01 | 276,900,000 |
| 2025-01-01 | 273,900,000 |
| 2026-01-01 | 273,800,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Longview Management Group LLC | 27,060,944 | 10% | 2026-06-30 |
| BlackRock Inc | 18,601,964 | 6.88% | 2026-03-31 |
| Vanguard Capital Management, LLC | 16,141,791 | 5.97% | 2026-03-31 |
| Newport Trust Co. | 13,398,261 | 4.95% | 2026-06-30 |
| State Street Corp | 11,436,417 | 4.23% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,163,620 | 3.02% | 2026-08-31 |
| Bank of America Corp | 8,129,671 | 3% | 2026-03-31 |
| Vanguard 500 Index Investor | 6,743,671 | 2.49% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 6,320,266 | 2.34% | 2026-03-31 |
| Geode Capital Management, LLC | 6,266,072 | 2.32% | 2026-03-31 |
| Massachusetts Financial Services Company | 5,702,629 | 2.11% | 2026-03-31 |
| JPMorgan Chase & Co | 5,385,223 | 1.99% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 5,175,763 | 1.91% | 2026-03-31 |
| Ameriprise Financial Inc | 4,754,802 | 1.76% | 2026-03-31 |
| Wells Fargo & Co | 4,510,741 | 1.67% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
General Dynamics generated solid financial momentum into mid-2026, with annual revenues climbing past $52.5 billion in 2025 and reaching nearly $55 billion over the trailing twelve months. Net income expanded to $4.49 billion, powered by accelerating Gulfstream G700 business jet handoffs and surging international demand for artillery munitions. A company-wide book-to-bill ratio well above 1.0x pushed total funded backlog to a record $136.5 billion, giving investors sovereign-grade revenue visibility across all operating divisions. However, headline cash flow numbers require careful interpretation. While trailing free cash flow surged to $6.45 billion, SEC filings show this was heavily supported by over $1.1 billion in customer advance deposits. As production obligations are met and working capital balances normalize, cash generation will align more closely with recurring net income rather than sustaining this extraordinary conversion pace.
General Dynamics generated solid financial momentum into mid-2026, with annual revenues climbing past $52.5 billion in 2025 and reaching nearly $55 billion over the trailing twelve months. Net income expanded to $4.49 billion, powered by accelerating Gulfstream G700 business jet handoffs and surging international demand for artillery munitions. A company-wide book-to-bill ratio well above 1.0x pushed total funded backlog to a record $136.5 billion, giving investors sovereign-grade revenue visibility across all operating divisions. However, headline cash flow numbers require careful interpretation. While trailing free cash flow surged to $6.45 billion, SEC filings show this was heavily supported by over $1.1 billion in customer advance deposits. As production obligations are met and working capital balances normalize, cash generation will align more closely with recurring net income rather than sustaining this extraordinary conversion pace.
Revenue, Net Income, and Free Cash Flow
Latest: USD 52.5B | Max: USD 52.5B | Min: USD 1.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 22x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Consolidated operating margins held steady near 10.2% in 2025 and 10.4% in mid-2026, but this stability conceals important differences beneath the surface. Profitability is led by Aerospace, where premium Gulfstream pricing expanded operating margins toward 14.5%, and Combat Systems, which generates robust margins on high-volume munitions lines. These strong businesses carry consolidated earnings and provide genuine pricing power against inflation. In contrast, Marine Systems margins remain restrained near 7.3% due to cost-plus contract caps, heavy overtime expenses, and training costs for thousands of newly hired shipyard apprentices. Because lower-margin shipbuilding is growing rapidly, it dilutes overall company profit percentages. Consolidated margins will only widen gradually as green shipyard workers gain proficiency and serial production becomes more efficient.
Consolidated operating margins held steady near 10.2% in 2025 and 10.4% in mid-2026, but this stability conceals important differences beneath the surface. Profitability is led by Aerospace, where premium Gulfstream pricing expanded operating margins toward 14.5%, and Combat Systems, which generates robust margins on high-volume munitions lines. These strong businesses carry consolidated earnings and provide genuine pricing power against inflation. In contrast, Marine Systems margins remain restrained near 7.3% due to cost-plus contract caps, heavy overtime expenses, and training costs for thousands of newly hired shipyard apprentices. Because lower-margin shipbuilding is growing rapidly, it dilutes overall company profit percentages. Consolidated margins will only widen gradually as green shipyard workers gain proficiency and serial production becomes more efficient.
Profitability Margins
Latest: 15.1% | Max: 20.2% | Min: 7.8%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
15.1%
Gross profit / revenue
Operating Margin
10.2%
Operating income / revenue
Net Margin
8.0%
Net income / revenue
FCF Margin
7.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 30,561,000,000 | 2,572,000,000 | 1,806,000,000 |
| 2017-12-31 | 30,973,000,000 | 2,912,000,000 | 3,451,000,000 |
| 2018-12-31 | 36,193,000,000 | 3,345,000,000 | 2,458,000,000 |
| 2019-12-31 | 39,350,000,000 | 3,484,000,000 | 1,994,000,000 |
| 2020-12-31 | 37,925,000,000 | 3,167,000,000 | 2,891,000,000 |
| 2021-12-31 | 38,469,000,000 | 3,257,000,000 | 3,384,000,000 |
| 2022-12-31 | 39,407,000,000 | 3,390,000,000 | 3,465,000,000 |
| 2023-12-31 | 42,272,000,000 | 3,315,000,000 | 3,806,000,000 |
| 2024-12-31 | 47,716,000,000 | 3,782,000,000 | 3,196,000,000 |
| 2025-12-31 | 52,550,000,000 | 4,210,000,000 | 3,959,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 21.9 | Trailing four quarters |
| 2024-12-31 | 19.29 | Trailing four quarters |
| 2023-12-31 | 21.61 | Trailing four quarters |
| 2022-12-31 | 20.29 | Annual net income |
| 2021-12-31 | 17.96 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 18.54 | 12.25 | 8.42 | 5.91 |
| 2017-12-31 | 20.15 | 13.68 | 9.4 | 11.14 |
| 2018-12-31 | 18.39 | 12.14 | 9.24 | 6.79 |
| 2019-12-31 | 17.76 | 11.61 | 8.85 | 5.07 |
| 2020-12-31 | 16.68 | 10.9 | 8.35 | 7.62 |
| 2021-12-31 | 16.66 | 10.82 | 8.47 | 8.8 |
| 2022-12-31 | 16.8 | 10.69 | 8.6 | 8.79 |
| 2023-12-31 | 10.04 | 10.04 | 7.84 | 9 |
| 2024-12-31 | 15.43 | 10.05 | 7.93 | 6.7 |
| 2025-12-31 | 15.13 | 10.19 | 8.01 | 7.53 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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