General Dynamics Corporation(GD)
NASDAQ

Fundamental Analysis & Financials

$368.58
-0.24 (-0.07%)

Valuation Snapshot

What the multiples imply about expectations

The market considers the company to be a mid-cap company with a significant market presence. At current multiples, it trades fairly valued—reflecting market expectations.

Valuation Metrics

Ratios and multiples

Forward P/E
19.97
EV/Revenue (TTM)1.97
Price/FCF (TTM)18.84

Financial Health

Liquidity and leverage

ROE (TTM)17.97%
ROA (TTM)6.01%
Debt/Equity (MRQ)37.70

The company's financial health appears excellent. High ROE and strong ROA reflect highly efficient capital use. Debt is elevated but represents structural leverage for shareholder return strategy (buybacks) rather than operational stress.

Valuation Multiples

Current valuation metrics

P/E Ratio23.17
P/B Ratio3.82
P/S Ratio1.85
EV/EBITDA16.32
PEG Ratio2.63

Quarterly Earnings History

Recent quarterly financial performance and trends

Latest Quarter
Q1 2026
Revenue (TTM)
$13.48B
Net Income (TTM)
$1.13B
EPS (Diluted)
$4.10
QuarterRevenueNet IncomeGross ProfitEPS (Basic)EPS (Diluted)Gross MarginNet Margin
Q1 2026(Latest)$13.48B$1.13B$2.14B$4.16$4.1015.9%8.3%
Q4 2025$14.38B$1.14B$2.14B$4.23$4.1714.9%8.0%
Q3 2025$12.91B$1.06B$1.97B$3.93$3.8815.2%8.2%
Q2 2025$13.04B$1.01B$1.95B$3.78$3.7414.9%7.8%
Q1 2025$12.22B$994.00M$1.89B$3.69$3.6615.5%8.1%

Key Insights:

  • Revenue decreased by 6.2% from previous quarter
  • Net margin of 8.3% indicates moderate profitability
  • EPS declined by 1.7% quarter-over-quarter

Financial Efficiency

Utilization and collections performance

Asset Turnover 0.94 indicates moderate efficiency. Receivables Turnover 22.36 and DSO 16.32 reflect excellent collections. Working Capital Turnover 7.22 is moderately efficient. ROIC 12.9% highlights moderate capital returns.

Efficiency Metrics

Asset Turnover0.94
Receivables Turnover22.36
Working Capital Turnover7.22
Days Sales Outstanding16.32
Days Inventory Outstanding75.56
ROIC (TTM)12.9%
Inventory Turnover4.83
Cash Conversion Cycle69.96

Profitability & Growth

Margins and earnings power

Revenue (TTM)
$53.81B
10.30 YoY
Profit Margin (TTM)
8.07%
Operating Margin (TTM)
10.54%
Gross Profit (TTM)
$8.20B
Gross Margin 15.24%
EBITDA (TTM)
$6.49B
EBITDA Margin 12.06%
Net Income (TTM)
$4.34B
Earnings 12.00% YoY

Efficiency Performance Matrix

4-quadrant analysis of operational efficiency vs profitability

Efficiency vs Profitability Quadrants

High Efficiency
High Margin
High Efficiency
Low Margin
Low Efficiency
High Margin
Low Efficiency
Low Margin

Efficiency Analysis

Asset Turnover
Efficiency:0.94x
Margin:15.2%
Quadrant:Weak Operations
Receivables Turnover
Efficiency:22.36x
Margin:10.5%
Quadrant:Efficiency-Driven
Working Capital
Efficiency:7.22x
Margin:8.1%
Quadrant:Efficiency-Driven
Overall Efficiency Score

Mixed efficiency profile requiring targeted improvements

⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.

• Bubble size represents ROIC magnitude

• Green (Optimal): Excellent efficiency-profitability balance

• Blue (Efficiency-Driven): High turnover, room to improve margins

• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency

• Red (Weak Operations): Areas needing improvement on both dimensions

Market Data & Share Structure

Comprehensive valuation metrics and ownership breakdown

Market Data & Capitalization

Market Cap
$98.13B
Mega-cap: Premium liquidity & institutional favorite
Enterprise Value
$104.16B
EV 6% > Market Cap: Net debt position
Next Earnings Date
07/29/2026
Scheduled quarterly results announcement

Share Statistics & Ownership

Shares Outstanding
270.43M
Total shares issued and held by all shareholders
Shares Float
254.36M
94% float - good liquidity
Institutional Ownership
87.62%
Very high - strong institutional confidence
Insider Ownership
52.60%
High alignment - strong insider conviction
Shares Short
3.06M
1.2% of float - minimal short interest
Implied Shares Outstanding
270.43M
Matches reported shares - consistent data

Profitability Margin Pyramid

Hierarchical view of margin compression from revenue to net income

Margin Hierarchy by Profitability Level

100.0%
Revenue
$53.81B
15.2%
Gross Profit
$8.20B
12.1%
EBITDA
$6.49B
8.1%
Net Income
$4.34B
Margin Profile:
Revenue100.0% margin (Top line revenue generation)
Gross Profit15.2% margin (Revenue minus cost of goods sold)
EBITDA12.1% margin (Earnings before interest, taxes, depreciation, and amortization)
Net Income8.1% margin (Bottom line profitability after all expenses)

Margin Analysis

Total Revenue

Amount:$53.81B
Margin:100.0%
Top line revenue generation

Gross Profit

Amount:$8.20B
Margin:15.2%
Revenue minus cost of goods sold

EBITDA

Amount:$6.49B
Margin:12.1%
Earnings before interest, taxes, depreciation, and amortization

Net Income

Amount:$4.34B
Margin:8.1%
Bottom line profitability after all expenses

Margin Quality Assessment

Moderate margins requiring efficiency improvements

• Larger circles represent higher dollar amounts

• Margin percentages show profitability at each level

• Blue: Revenue base

• Green: Gross profitability

• Yellow: Operating performance

• Red: Net profitability

Operating Cash & Liquidity

Core cash generation and short-term solvency

Cash Flow Analysis

Operating Cash Flow (TTM)

$7.41B

Cash from core operations

Free Cash Flow (TTM)

$5.29B

Available after capex

Financial Position & Liquidity

Current Ratio

1.38

Adequate

Quick Ratio

0.80

Fair

Net Cash

$-6.18B

Net debtor

Total Cash

$3.65B

Balance sheet cash

Total Debt

$9.83B

Outstanding borrowings

Ownership & Shareholder Sentiment

Insider, institutional, and short interest positions

Insider Ownership

52.60%

Strong confidence

Institutional Ownership

87.62%

Majority backing

Short % of Float

126.00%

Heavy bearish

Short Ratio (Days)

2.9d

days to cover

Ownership structure shows strong insider confidence and institutional majority backing.

Dividends & Shareholder Returns

Policy stance and implications

The company maintains a very sustainable dividend policy with a payout ratio of 38.3% (FCF coverage: 3.2x). Strong cash flow coverage supporting attractive shareholder yield with ample room for sustainability.

Payout Ratio
38.33%
Trailing Dividend Rate
6.09
Trailing Dividend Yield
1.65%
5 Year Avg Dividend Yield
2.04%
Forward Annual Dividend Rate
6.36
Forward Annual Dividend Yield
1.73%
Ex-Dividend Date
07/02/2026
Last Split
03/27/2006 (2.00)