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NYSE · Industrials

GENERAL DYNAMICS CORP (GD)

As-reported financials and SEC filings for GENERAL DYNAMICS CORP. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About GENERAL DYNAMICS CORP

General Dynamics is a global aerospace and defense company that designs, engineers, and manufactures products in business aviation, ship construction and repair, land combat vehicles, weapon systems, munitions, and technology services. Its Aerospace segment produces business jets through Gulfstream and Jet Aviation, offering aircraft manufacturing, repair, and customer support worldwide. The Marine Systems segment designs and builds nuclear-powered submarines and surface combatant ships for the U.S. Navy, providing maintenance and modernization services.

Snapshot

Revenue
$52.55B
Revenue growth (YoY)
10.1%
Net income
$4.21B
Diluted EPS
$15.45
Gross margin
Operating margin
10.2%
Net margin
8.0%
FCF margin
7.5%
ROE
16.4%
net income / fiscal-year-end equity
P/E
21.5×
trailing when available, otherwise FY EPS
Market cap
$95.42B
Long-term debt / equity
0.27×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at General Dynamics

  • Revenue grew 10.1% to $52.5B in FY2025, slower than the 12.9% the year before.
  • Operating margin is 10.2% in FY2025, -0.6 pp against 10.8% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $13.5B, up 10.3% from Q1 FY2025.
  • Free cash flow was $4.0B in FY2025, 7.5% of revenue.
  • Net income rose 11.3% to $4.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where General Dynamics’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin10.2%
67th percentile of 605
Net margin8.0%
70th percentile of 645
FCF margin7.5%
62nd percentile of 562
Revenue growth (YoY)+10.1%
67th percentile of 668
ROE16.4%
75th percentile of 600
P/E21.5×
43rd percentile of 435
Long-term debt / equity0.27×
34th percentile of 409
Short interest3.31d
51st percentile of 676

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $41.3M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$2.06B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$742.4M2.1MReduced
D. E. ShawquantQ2 2026$440.1M1.2MAdded
Point72 Asset ManagementquantQ2 2026$176.8M499.2KAdded
Citadel AdvisorsquantQ2 2026$160.8M453.8KAdded
Renaissance TechnologiesquantQ2 2026$160.7M453.7KAdded
Millennium ManagementquantQ2 2026$143.1M403.9KReduced
Markel GroupQ2 2026$138.5M391.0KHeld
Gotham Asset ManagementQ2 2026$69.5M196.3KAdded
Two Sigma InvestmentsquantQ2 2026$22.5M63.6KReduced
Bridgewater AssociatesQ2 2026$6.0M16.9KNew
First Eagle Investment ManagementQ2 2026$34,36197Held

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
10
$41.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-10
filed 2026-08-12
Wall Peter ADirectorSell2.0K$396.43$789K
2026-08-05
filed 2026-08-06
Brady Christopher JVice PresidentSell6.3K$383.32$2.4M
2026-08-03
filed 2026-08-04
NOVAKOVIC PHEBE NChairman and CEOSell22.7K$382.17$8.7M
2026-08-03
filed 2026-08-04
NOVAKOVIC PHEBE NChairman and CEOSell15.9K$383.09$6.1M
2026-08-03
filed 2026-08-04
NOVAKOVIC PHEBE NChairman and CEOSell7.3K$383.85$2.8M
2026-08-03
filed 2026-08-04
NOVAKOVIC PHEBE NChairman and CEOSell5.7K$381.17$2.2M
2026-07-31
filed 2026-08-04
Gilliland Marguerite AmyExecutive Vice PresidentSell26.2K$378.42$9.9M
2026-07-31
filed 2026-08-04
Gilliland Marguerite AmyExecutive Vice PresidentSell17.0K$377.44$6.4M
2026-06-17
filed 2026-06-22
Malcolm MarkDirectorSell3.2K$365.00$1.2M
2026-06-17
filed 2026-06-22
Malcolm MarkDirectorSell2.3K$365.00$829K
2026-05-12
filed 2026-05-13
Burns Mark LagrandExecutive Vice PresidentSell33.9K$345.24$11.7M
2026-05-12
filed 2026-05-13
Burns Mark LagrandExecutive Vice PresidentSell2.6K$345.93$887K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.7M
settled 2026-08-14
Change vs prior
+10.7%
vs previous settlement
Days to cover
3.31
at avg daily volume
Avg daily volume
815.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.7M+10.7%3.31
2026-07-312.4M-15.6%1.90
2026-07-152.9M-8.0%2.62
2026-06-303.1M+2.8%1.87
2026-06-153.1M+16.8%2.66
2026-05-292.6M-6.1%2.88
2026-05-152.8M+0.4%2.07
2026-04-302.8M+3.7%1.59

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$52.55B$47.72B$42.27B$39.41B$38.47B
Gross profit
Operating income$5.36B$4.80B$4.25B$4.21B$4.16B
Net income$4.21B$3.78B$3.31B$3.39B$3.26B
Diluted EPS$15.45$13.63$12.02$12.19$11.55

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.33B$1.70B$1.91B$1.24B$1.60B
Current assets$24.25B$24.39B$23.61B$21.06B$19.99B
Total assets$57.25B$55.88B$54.81B$51.59B$50.07B
Current liabilities$16.80B$17.82B$16.43B$15.34B$13.98B
Long-term debt$7.01B$7.26B$8.75B$9.24B$10.49B
Total liabilities$31.63B$33.82B$33.51B$33.02B$32.43B
Total equity$25.62B$22.06B$21.30B$18.57B$17.64B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.12B$4.11B$4.71B$4.58B$4.27B
Capital expenditure$1.16B$916.0M$904.0M$1.11B$887.0M
Free cash flow$3.96B$3.20B$3.81B$3.46B$3.38B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$13.48B10.3%$1.13B
Q4 FY2025$14.38B7.8%$1.14B$4.17
Q3 FY2025$12.91B10.6%$1.06B
Q2 FY2025$13.04B8.9%$1.01B
Q1 FY2025$12.22B13.9%$994.0M
Q4 FY2024$13.34B14.3%$1.15B$4.14
Q3 FY2024$11.67B10.4%$930.0M
Q2 FY2024$11.98B18.0%$905.0M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryShip & Boat Building & Repairing
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended April 5, 2026)
Oldest indexed filing2019
SEC CIK40533

Selected SEC filings

10-K2026-01-30
View on EDGAR →
10-K2025-02-07
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2025-10-24
View on EDGAR →
10-Q2025-07-23
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-08-04
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.