Reading the tape
NYSE: GD
General Dynamics Corporation
Industrials · Aerospace & Defense
Market Cap
$93.53B
52w High
$369.70
52w Low
$267.39
P/E
21.53
Volume
1.48M
Outstanding Shares
270.43M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 27.38%Revenue (TTM): 9.35%FCF (TTM): 85.49%P/FCF: 20th pct
What changed
The stock rose 27.38% over the last year. Revenue grew 9.35% over the trailing twelve months. Operating margin moved from 10.22% to 10.24%. Free cash flow grew 85.49% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 20th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 10.24%. Revenue grew 9.35% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
General Dynamics Corporation operates as an aerospace and defense company worldwide.
CEOPhebe N. Novakovic
SectorIndustrials
IndustryAerospace & Defense
Employees110,000
IPO dateJan 13, 1978
Valuation
Forward P/E—
EV/EBITDA16.13
Enterprise value$98.32B
Stock splits
Mar 27, 2006↑ Forward
Every 1 shares became 2
Apr 3, 1998↑ Forward
Every 1 shares became 2
Apr 11, 1994↑ Forward
Every 1 shares became 2
Jun 15, 1993↑ Forward
Every 1250 shares became 1517
Mar 30, 1993↑ Forward
Every 5000 shares became 5787
Nov 17, 1980↑ Forward
Every 1 shares became 2
Feb 20, 1979↑ Forward
Every 2 shares became 5
Profitability & growth
Revenue growth10.29%
Gross margin15.24%▼1.96%vs FY2024
Operating margin10.24%▲1.40%vs FY2024
ROE16.43%▼4.15%vs FY2024
Analyst consensus
RatingBuy
Target price$408.83▲18.21%
17
Buy
16
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $3.88 · Revenue est $13.36B
View
Dividends
$6.09/shareQuarterlyDividend Achiever · 12yrSafeGD pays a dividend with a 1.76% dividend yield, 12 consecutive years of growth, growing at 6.5% annually, covered 2.5× by free cash flow.
Dividend Yield
1.76%
Annual Div / Share
$6.09
5yr CAGR
+6.5%
Doubles every ~11.0yr
Payout Ratio
37.2%
Safe
Dividend Growth Rate
3yr CAGR
+6%
5yr CAGR
+6.5%
10yr CAGR
+8.21%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$5.92+6.1%
2024$5.58+6.9%
2023$5.22+5.0%
2022$4.97+6.4%
2021$4.67+8.1%
2020$4.32+8.3%
2019$3.99+9.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$18/yr
$1/mo
In 5 yrs
$24/yr+37%
$2/mo
In 10 yrs
$33/yr+88%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$18/yr $1/mo | $24/yr+37% $2/mo | $33/yr+88% $3/mo |
Yield-on-cost grows from 1.76% → 3.31% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
GD has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6.5% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in GD
STOCK Act disclosures from senators and representatives.
Jared Moskowitz
FLhouseDemocratPurchase2026-03-31$1,001 - $15,000+31d to discloseJared Moskowitz
FLhouseDemocratPurchase2026-03-23$1,001 - $15,000+39d to disclose