General Dynamics Corporation (GD) Stock

General Dynamics Corporation (GD) is a Industrials stock trading at $374.54 (as of 2026-07-09), with a market capitalization of $101.29B and a trailing P/E of 23.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

General Dynamics Corporation is an aerospace and defense company operating through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. Its activities include business jet services, building and supporting naval submarines and ships, manufacturing land combat vehicles and weapons, and related defense technologies for U.S. and commercial customers.

Understand General Dynamics Corporation: how it makes money

General Dynamics designs and builds defense and aerospace platforms, including business jets and nuclear-powered submarines, and it makes money by selling those platforms while also generating ongoing revenue from aerospace maintenance and services.

Profit visibility is driven by the mix of (1) delivering complex aerospace and defense programs and (2) generating services and support demand within Aerospace (maintenance and repair, aircraft-on-ground support and completion, staffing, and fixed-base operator services).

Revenue by segment (latest quarter)
Aerospace$3.3B
Marine$4.3B
Combat$2.3B
Tech$3.6B

Business quality (Mixed): Order momentum looks solid at the companywide level, but the mix of book-to-bill across segments is uneven, which can create uneven near-term delivery and services demand.

Valuation: At 22× earnings, GD trades 19% above the Shipbuilding & Railroad Equipment average (19×). Note: one-time items can distort reported P/E.

Bull case

  • Companywide order momentum: Book-to-Bill Ratio (Companywide) is 1.5, indicating new orders exceed revenue in this snapshot.
  • Strong order intensity in several segments: Book-to-Bill Ratio is 4.3 for Combat Systems and 2.3 for Marine Systems, while Aerospace is 1.2.
  • Services and lifecycle activity exposure in Aerospace: Aerospace includes maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services, which can support recurring demand tied to the installed base.
  • Commercial aircraft demand signals inside Aerospace: Gulfstream Aircraft Book-to-Bill Ratio is 1.4, with Aircraft Deliveries (Aerospace) of 38.0 and deliveries also shown for large-cabin and G700 products.

Bear case

  • Sub-1 book-to-bill in Technologies: Technologies Book-to-Bill Ratio is 0.9, which can indicate less favorable forward order intake for that segment.
  • Defense segments show weak book-to-bill in this snapshot: Book-to-Bill Ratio (Defense Segments) is 0.7, suggesting defense order intake may be below revenue recognition for the defense portion covered by the metric.
  • Segment order figures look extremely small in the provided snapshot: Orders (Aerospace) is 0.01, Orders (Combat Systems) is 0.01, and Orders (Marine Systems) is 0.0, which can point to timing and lumpy order reporting rather than smooth demand.
Valuation — source: SEC EDGAR (first-party)
Price$374.54
Market Cap$101.29B
P/E Ratio23.3
EV / EBITDA16.4
Price / Book3.88
Price / Sales1.88
FCF Yield6.1%
DCF Value (model)$222.40
DCF Upside vs Price-40.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$52.55B
Net Margin8.0%
Revenue Growth (YoY)10.3%
FCF Growth (YoY)-773.1%
Financial Health — source: SEC EDGAR
Altman Z-Score4.38 (safe)
Valuation vs Sector & Industry
Stock P/E23.3
Sector P/E (Industrials)29.4
Industry P/E (Shipbuilding & Railroad Equipment)23.3
vs Sector-20.8%
vs Industry0.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderLONGVIEW ASSET MANAGEMENT, LLC ($9.29B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorIndustrials
IndustryShipbuilding & Railroad Equipment
CEOPhebe N. Novakovic
Employees110,000
CountryUS
IPO Date1978-01-13

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GD earnings history · GD institutional & insider holders · GD KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.