# General Dynamics Corporation (GD) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Aerospace & Defense. Price $359.39, market value $97.2 billion.

## Valuation
- **P/E (trailing): 21.9×** (5-yr avg 19.2×, 3-yr avg 20.2×). General Dynamics Corporation trades at 21.9× trailing earnings, close to its own five-year average of 19.2×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 19.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.45**. A PEG of 1.45 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 15.6×**. Enterprise value is 15.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.6%** (5-yr avg 5.3%). Free cash flow equals 6.6% of the market value, above its five-year average of 5.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.6%**. The inverse of the P/E: 4.6% of the price is earned each year.

## Profitability
- **Operating margin: 10.3%**. 10.3% of revenue is left after running the business.
- **Net margin: 8.0%**. 8.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.4%**. 16.4% on shareholders' equity is solid.
- **Return on invested capital: 14.3%**. Return on all capital, debt included, is 14.3%.
- **Return on assets: 7.8%**. Each dollar of assets produces 7.8% of profit.

## Growth
- **Revenue growth (1 yr): 10.1%** (3-yr 10.1%/yr, 5-yr 6.7%/yr). Revenue grew 10.1% over the last year, against 6.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 13.4%** (3-yr 8.2%/yr, 5-yr 7.0%/yr). Earnings per share rose 13.4%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 4.5%/yr**. Free cash flow has compounded at 4.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.31**. Debt is 0.31 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.77%** ($6.18 per share, trailing). General Dynamics Corporation yields 1.77%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 38%** (25% of free cash flow). 38% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.5%/yr** (1-yr 6.1%). The dividend has grown 6.5% a year over five years.

## Price and momentum
- **Total return (1 yr): 13.4%** (YTD 8.2%, 3-mo 4.2%). The shares are up 13.4% over twelve months including dividends.
- **From 52-week high: -10.2%** (17.2% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 0.42** (volatility 22%). Beta of 0.42 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GD · Page: https://foliofundamentals.com/stocks/gd

Not investment advice.