General Dynamics Corporation (GD) Stock Price & Analysis
General Dynamics Corporation (GD) closed at USD 349.36 on Friday, October 23, 2026, down 0.41% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 350.79; the Oct 23, 2026 session ranged USD 344.99–350.92 on volume of 736,658 shares. Market capitalization is $94.52B, with a 52-week range of USD 306.77–400 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GD.md
Key facts (GD)
- Last four reported quarters (through Jul 5, 2026): revenue $54.9B, net income $4.49B (8.2% margin), free cash flow $6.45B (SEC filings).
- Valuation: P/E 21.1x (avg 20.9x at the last 3 fiscal year-ends), EV/EBITDA 14.8x, net debt $3.24B.
- 3 of 80 tracked superinvestors hold GD (13F, Q2 2026): 0 new, 1 added, 0 reduced, 2 unchanged.
- Analysts: Buy (mean 2.29 on a 1–5 scale) (24 analysts), mean target USD 406.78 (range 309–465).
- Total return with dividends: 1Y +1.4% vs S&P 500 +13.4%; 5Y +91.2% vs S&P 500 +76.9%.
- Next earnings: 2026-10-30, EPS estimate USD 4.13, revenue estimate $13.7B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B | $54.9B |
| Operating income | $4.16B | $4.21B | $4.25B | $4.80B | $5.36B | $5.66B |
| Net income | $3.26B | $3.39B | $3.31B | $3.78B | $4.21B | $4.49B |
| EPS (diluted) | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 | — |
| Free cash flow | $3.38B | $3.46B | $3.81B | $3.20B | $3.96B | $6.45B |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% | 10.3% |
| Net margin | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% | 8.2% |
| Revenue growth | +1.4% | +2.4% | +7.3% | +12.9% | +10.1% | — |
| Cash + short-term investments | $1.60B | $1.24B | $1.91B | $1.70B | $2.33B | — |
| Total debt | $11.6B | $10.6B | $9.34B | $8.83B | $8.07B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 5, 2026) (GD)
P/E 21.1x · P/S 1.7x · EV/EBITDA 14.8x · EV/Sales 1.8x · P/FCF 14.7x · P/B 3.5x · FCF yield 6.82% · Earnings yield 4.75% · Dividend yield (paid, TTM) 1.74% · Buyback yield (TTM) 0.38% · Net debt $3.24B · EV $97.8B
P/E at fiscal year-ends: Dec 2025 21.8x, Dec 2024 19.3x, Dec 2023 21.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (GD)
3 of 80 tracked investors hold GD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 1.05% | $139M | Unchanged |
| Richard Pzena | Pzena Investment Management | 0.11% | $38.5M | Added +1.0% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $34K | Unchanged |
Analysts (GD)
Consensus Buy (mean 2.29 on a 1–5 scale), 24 analysts; mean target USD 406.78 (low 309, high 465).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | RBC Capital | Target lowered | Sector Perform | $410 → $360 |
| 2026-10-14 | Bernstein | Target lowered | Market Perform | $407 → $365 |
| 2026-10-09 | TD Cowen | Target lowered | Buy | $420 → $380 |
| 2026-10-07 | Citigroup | Target lowered | Neutral | $404 → $374 |
| 2026-09-23 | Bernstein | Target lowered | Market Perform | $421 → $407 |
| 2026-09-08 | UBS | Target raised | Neutral | $395 → $408 |
| 2026-08-04 | Wells Fargo | Target raised | Overweight | $400 → $440 |
| 2026-08-03 | UBS | Target raised | Neutral | $366 → $395 |
| 2026-07-30 | BNP Paribas | Target raised | Outperform | $390 → $430 |
| 2026-07-30 | Citigroup | Target raised | Neutral | $364 → $404 |
| 2026-07-30 | Susquehanna | Target raised | Positive | $420 → $455 |
| 2026-07-30 | RBC Capital | Target raised | Sector Perform | $385 → $410 |
Total return (dividends reinvested) (GD)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +1.4% | +91.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +1.4% | +13.8% |
| Volatility (annualized) | 22.2% | 20.9% |
| Max drawdown | -17.5% (Aug 2026→Oct 2026) | -21.4% (Nov 2024→Feb 2025) |
GD revenue by business segment (quarter ended Jul 5, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Marine Systems | $4.66B | 33.1% | +10.4% |
| Technologies | $3.62B | 25.7% | +4.1% |
| Aerospace | $3.52B | 25.0% | +15.1% |
| Combat Systems | $2.29B | 16.2% | +0.3% |
| Total revenue | $14.09B | 100% | — |
GD revenue by product line (quarter ended Jul 5, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $8.71B | 61.8% | +8.7% |
| — Services (part of Products) | $5.38B | 38.2% | +7.0% |
| — Aircraft manufacturing (part of Products) | $2.47B | 17.5% | +15.9% |
| — Surface ships (part of Products) | $844.0M | 6.0% | +27.9% |
| Information technology (IT) services | $2.35B | 16.7% | +1.3% |
| C5ISR* solutions | $1.27B | 9.0% | +9.7% |
| Military vehicles | $1.15B | 8.1% | -10.6% |
| Engineering and other services | $337.0M | 2.4% | +23.4% |
| Repair and other services | $297.0M | 2.1% | +1.7% |
| Total revenue | $14.09B | 100% | — |
GD revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $44.56B | 84.8% | +8.6% |
| United States | $43.31B | 82.4% | +8.9% |
| Non Us | $5.40B | 10.3% | +8.0% |
| Europe | $3.54B | 6.7% | +12.0% |
| Other Africa Middle East | $2.02B | 3.8% | +19.9% |
| Asia Pacific | $2.00B | 3.8% | +29.4% |
| Other North America | $1.25B | 2.4% | -2.3% |
| South America | $432.0M | 0.8% | +47.9% |
| Total revenue | $52.55B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
GD suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Samsung Electronics | “In 2025, NASSCO, along with DSEC, signed a tri-party memorandum of agreement with Samsung Heavy Industries, one of the world's leading shipbuilders, to explore future commercial and government opportunities.” |
Quoted from the company's 10-K filed Jan 30, 2026.
Companies that name GD in their SEC reports
| Relationship to GD | Company | Filing | Sentence |
|---|---|---|---|
| partner | HUNTINGTON INGALLS INDUSTRIES, INC. (HII) | 10-K Feb 5, 2026 | “We have a teaming agreement with Electric Boat Corporation ("Electric Boat"), a division of General Dynamics Corporation ("General Dynamics"), to build Virginia class (SSN 774) fast attack nuclear submarines.” |
GD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.13 | $4.08 | +1.3% | $13.73B | 17 |
| Next quarter (ends Dec 2026) | $4.53 | $4.55 | -0.5% | $14.70B | 16 |
| Current fiscal year (ends Dec 2026) | $17.00 | $16.70 | +1.8% | $55.95B | 19 |
| Next fiscal year (ends Dec 2027) | $18.64 | $18.26 | +2.0% | $58.61B | 18 |
Key Statistics (as of October 24, 2026 at 10:07 UTC)
| Price | USD 349.36 |
|---|---|
| Change | ▼ 0.41% (down) |
| Previous Close | USD 350.79 |
| Open | USD 348.04 |
| Day Range | USD 344.99 – 350.92 |
| 52-Week Range | USD 306.77 – 400 |
| Volume | 736,658 shares |
| Market Cap | $94.52B |
| Exchange | NYQ |
Technical Analysis (GD)
Nexqual's technical model rates GD "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 24, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 58.78 (neutral) |
| vs SMA50 | Below (USD 354.38) |
| MACD | -1.05 (negative) |
Analyst Ratings (GD)
Wall Street analysts rate GD "Buy" based on 24 analysts, with a mean price target of USD 406.78 (range USD 309–465), per Nexqual as of October 24, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 406.78 |
| High Target | USD 465 |
| Low Target | USD 309 |
| Buy / Hold / Sell | 14 / 9 / 1 |
Earnings (GD)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 4.13 |
| Revenue Estimate | $13.73B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.24 vs est 3.97 ▲ beat |
| 2026-03-31 | USD 4.1 vs est 3.69 ▲ beat |
| 2025-12-31 | USD 4.17 vs est 4.11 ▲ beat |
| 2025-09-30 | USD 3.88 vs est 3.71 ▲ beat |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financials & Fundamentals (GD)
| Total Revenue | $54.86B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.10% |
| Gross Margin | +15.38% |
| Operating Margin | +10.38% |
| Profit Margin | +8.18% |
| ROE | +17.80% |
| Debt / Equity | 0.35 |
| Current Ratio | 1.44 |
| Total Cash | $4.33B |
| Total Debt | $9.48B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $6.45B (11.8% of revenue) |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financial Health Score (GD)
Nexqual rates General Dynamics Corporation's overall financial health "Solid" across five dimensions, as of October 24, 2026 at 10:07 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 15%, operating 10% (last 12 months) |
| Balance Sheet | Solid — $4.33B cash and investments vs $7.57B debt (Jul 2026, SEC) |
| Cash Flow | Solid — FCF $6.45B (last 4 quarters to Jul 2026, SEC), 12% margin |
| Efficiency | Solid — ROE 18%, ROA 6.1% |
Ownership (GD)
| Insider Ownership | +0.56% |
|---|---|
| Institutional Ownership | +86.73% |
| Shares Outstanding | 270.56M |
| Float | 254.44M |
| Short % of Float | +0.90% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Leadership (GD)
General Dynamics Corporation is led by Phebe N. Novakovic, Chairperson & CEO, per Nexqual as of October 24, 2026 at 10:07 UTC.
| Chairperson & CEO | Phebe N. Novakovic |
|---|---|
| President & Director | Danny Deep |
| Senior VP & CFO | Kimberly A. Kuryea |
| Executive Vice President | Mark L. Burns |
| Executive Vice President of Combat & Mission Systems | Jason W. Aiken |
Major Backers & Investors (GD)
Notable institutional backers of General Dynamics Corporation include Longview Asset Management, LLC, Newport Trust Company, LLC, Bank of America Corporation, according to Nexqual as of October 24, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Longview Asset Management, LLC | 10% |
| Newport Trust Company, LLC | 4.95% |
| Bank of America Corporation | 2.72% |
| JPMorgan | 1.95% |
| Morgan Stanley | 1.64% |
| Fidelity | 1.22% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.68% |
| BlackRock | 7.14% |
| State Street | 4.37% |
| Geode Capital | 2.3% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
From General Dynamics Corporation's Latest SEC 10-K Filing (filed 2026-01-30)
Key Strengths & Strategy (as disclosed to the SEC)
- On December 31, 2025, the installed base for our major vehicle programs, as well as the quantity and scheduled final delivery date of vehicles and vehicle upgrades in backlog were as follows: Complementing our military-vehicle portfolio, OTS is a leading provider of capabilities across munitions, weapon systems, artillery, and energetics, with over 25 locations across the United States and Canada.
- Our leadership positions in attractive business aviation and defense markets enable us to deliver superior and enduring capabilities to our customers and returns to our shareholders.
- Backed by decades of technical expertise and operational excellence, our broad footprint enables us to deliver capabilities at scale with efficiency and reliability.
- The breadth and depth of our portfolio allow us to support air, land, and sea domains with solutions that enhance lethality, readiness, and operational advantage for U.S. and allied forces.
Partnerships
- In 2025, NASSCO, along with DSEC, signed a tri-party memorandum of agreement with Samsung Heavy Industries, one of the world's leading shipbuilders, to explore future commercial and government opportunities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NOC | Northrop Grumman Corporation | USD 551.44 | ▼ 0.16% |
| HWM | Howmet Aerospace Inc. | USD 185.91 | ▼ 3.82% |
| LMT | Lockheed Martin Corporation | USD 604.18 | ▲ 2.42% |
| TDG | Transdigm Group Incorporated | USD 1,104.84 | ▼ 3.23% |
| BA | Boeing Company (The) | USD 188.35 | ▲ 0.43% |
| HONA | Honeywell Aerospace Inc. | USD 163.31 | ▲ 0.18% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 10:07 UTC. This page is informational and not investment advice.
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