GD
General Dynamics Corporation
GD's fundamentals are mixed: revenue grew 9.7%, while its operating margin held steady at 10%. At 21x earnings, it's trading above its usual 19x. Analysts expect earnings growth.
GD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
GD's revenue, profitability, cash flow and balance sheet are all currently healthy.
GD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $266 | -27% |
| Fair | 19x | $328 | -9.7% |
| Forward | 20x | $363 | — |
| Current | 21x | $363 | — |
| Expensive | 22x | $382 | +5.2% |
Historical ranges are pointers, not guarantees.
GD's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 20x next year's earnings, in its fair range.
GD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GD, with profitability holding steady.
GD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $18.25 | +7.3% |
| Q3 2026 | $17.01 | +10% |
| Q2 2026 | $16.40 | +10% |
| Q1 2026 | $15.89 | +10% |
| Q4 2025 | $15.45 | +13% |
| Q3 2025 | $15.42 | +17% |
| Q2 2025 | $14.89 | +16% |
| Q1 2025 | $14.41 | +18% |
| Q4 2024 | $13.63 | +13% |
GD's earnings per share have climbed steadily: $17.01 over the past year, up 10% from the year before, and higher year over year for 11 quarters in a row.
GD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $14.6B | +13% |
| Q2 2026 | $14.1B | +8.1% |
| Q1 2026 | $13.5B | +10% |
| Q4 2025 | $14.4B | +7.8% |
| Q3 2025 | $12.9B | +11% |
| Q2 2025 | $13B | +8.9% |
| Q1 2025 | $12.2B | +14% |
| Q4 2024 | $13.3B | +14% |
GD's revenue has grown year over year for 17 quarters in a row: $14.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +0.2 points |
| Q2 2026 | 10% | +0.3 points |
| Q1 2026 | 11% | +0.2 points |
| Q4 2025 | 10% | -0.6 points |
| Q3 2025 | 10% | +0.2 points |
| Q2 2025 | 10% | +0.4 points |
| Q1 2025 | 10% | +0.7 points |
| Q4 2024 | 11% | -0.4 points |
GD's operating margin was 10% last quarter, about level with the same quarter a year ago.
GD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -35% |
| Q2 2026 | $1.6B | +18% |
| Q1 2026 | $2B | +$2.2B |
| Q4 2025 | $952M | -47% |
| Q3 2025 | $1.9B | +56% |
| Q2 2025 | $1.4B | +128% |
| Q1 2025 | -$290M | +$147M |
| Q4 2024 | $1.8B | +102% |
GD generated $5.8B in free cash flow over the past year, up 20% from the year before.
GD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -22K shares |
| 1 year | +0.4% | +1.1M shares |
| 3 years | -0.4% | -967K shares |
| 5 years | -2.4% | -6.6M shares |
| Available history | -5.9% | -17.1M shares |
GD has 274M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $285M |
| Q2 2026 | $102M |
| Q1 2026 | $217M |
| Q4 2025 | $37M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $600M |
| Q4 2024 | $1.3B |
GD spent $641M buying back its own shares over the past year, down 67% from the year before.
GD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.3x | Healthy |
GD's net debt is less than a year of its operating earnings (EBITDA).
GD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 54.0 | Neutral |
GD's weekly RSI is 53 (neutral) and its Stochastic is 54 (neutral).
GD PE vs Industrials Sector
| Metric | GD | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 72 | 58 | 14 pts above |
GD is trading at 21x earnings, a 11% discount to the Industrials sector's median of 24x.
GD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $347.7 | 4.4% above |
| 20 week MA | $364.4 | 0.4% below |
| 50 week MA | $354.0 | 2.6% above |
| 100 week MA | $323.6 | 12% above |
| 200 week MA | $290.3 | 25% above |
GD's trend is mixed: it's above four of its five weekly moving averages, and 25% above its 200-week average.
GD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $177.5 | $149.0 | -16% |
| 2021 | $149.0 | $204.7 | +37% |
| 2022 | $204.7 | $247.9 | +21% |
| 2023 | $247.9 | $259.7 | +4.7% |
| 2024 | $259.7 | $266.1 | +2.5% |
| 2025 | $266.1 | $342.2 | +29% |
| 2026 YTD | $342.2 | $363.1 | +6.1% |
GD has finished higher in five of the last six years. It's up 6.1% so far in 2026.