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GD

General Dynamics Corporation

US$332.72+0.27% (US$0.89)
Day's range
US$331.04 – US$334.38
Day's volume
US$111.8m
52-week range
US$311.16 – US$395.97

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GD in numbers

Market cap
US$90.3bn
P/B
3.45
Dividend yield (12m)
1.86%

The 12-month dividend yield of GD is 1.86%, below its 5-year average of 2.03%.

GD price history

02/10/202501/10/2026
Compare with

GD risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-1.91%+45.97%+81.82%
Volatility (annualised)15.64%13.74%17.33%
Largest drawdown-12.91%-15.56%-18.20%
Positive months6/1224/3637/60

How much did investing in GD return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,811.72 today.

Value today in GD
US$1,811.72
Return over the period
+81.17%
Return per year
+12.62%
In the S&P 500
US$1,664.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

GD fundamentals

Valuation

  • P/E
    —
  • P/B
    3.45
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    US$96.44

Debt

  • Net debt
    US$2.6bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.10
  • Debt/Equity
    0.24
  • Current ratio
    1.38
  • Quick ratio
    0.90
  • Cash ratio
    0.19

What is GD's fair price?

Two classic value formulas, with today's numbers. The current price is US$332.72.

Graham's fair price
—
GD's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$87.87
73.59% below the price

US$5.27 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

GD indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E21.6218.8421.4620.0917.7713.4514.6613.55
P/B3.553.233.343.673.282.723.653.74
EV/EBITDA15.2413.5215.2714.9313.229.9310.9610.82
Dividend yield1.76%2.12%2.01%2.00%2.24%2.90%2.26%2.31%
Earnings per shareUS$15.57US$13.99US$12.10US$12.35US$11.73US$11.06US$12.03US$11.61
Book value per shareUS$94.76US$81.61US$77.74US$67.66US$63.53US$54.71US$48.26US$42.01
ROE16.43%17.14%15.56%18.26%18.46%20.22%24.92%27.62%
ROIC14.59%14.46%12.55%13.31%13.20%15.34%17.16%15.99%
Gross margin——————17.94%18.55%
EBITDA margin11.95%11.91%12.08%12.93%13.14%13.21%13.72%14.25%
Net margin8.01%7.93%7.84%8.60%8.47%8.35%8.85%9.24%
Net debt/EBITDA0.740.981.341.571.761.431.502.03

GD financial statements

Line202520242023202220212020
Net revenueUS$52.6bnUS$47.7bnUS$42.3bnUS$39.4bnUS$38.5bnUS$37.9bn
Cost of sales——————
Gross profit——————
EBITDAUS$6.3bnUS$5.7bnUS$5.1bnUS$5.1bnUS$5.1bnUS$5bn
EBITUS$5.4bnUS$4.8bnUS$4.2bnUS$4.2bnUS$4.2bnUS$4.1bn
Net finance result——————
Profit before taxUS$5.1bnUS$4.5bnUS$4bnUS$4bnUS$3.9bnUS$3.7bn
Income tax-US$893m-US$758m-US$669m-US$646m-US$616m-US$571m
Net incomeUS$4.2bnUS$3.8bnUS$3.3bnUS$3.4bnUS$3.3bnUS$3.2bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does GD pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend08/10/202613/11/2026US$1.59

Dividend yield per year

  • 1.61%2017
  • 2.31%2018
  • 2.26%2019
  • 2.90%2020
  • 2.24%2021
  • 2.00%2022
  • 2.01%2023
  • 2.12%2024
  • 1.76%2025
  • 1.40%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend01/07/202607/08/2026US$1.59
Dividend09/04/202608/05/2026US$1.59
Dividend15/01/202606/02/2026US$1.50
Dividend09/10/202514/11/2025US$1.50
Dividend02/07/202508/08/2025US$1.50
Dividend10/04/202509/05/2025US$1.50
Dividend16/01/202507/02/2025US$1.42
Dividend10/10/202415/11/2024US$1.42
Dividend04/07/202409/08/2024US$1.42
Dividend10/04/202410/05/2024US$1.42
Dividend17/01/202409/02/2024US$1.32
Dividend04/10/202310/11/2023US$1.32
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend05/07/202311/08/2023US$1.32
Dividend12/04/202312/05/2023US$1.32
Dividend18/01/202310/02/2023US$1.26
Dividend05/10/202210/11/2022US$1.26
Dividend29/06/202205/08/2022US$1.26
Dividend06/04/202206/05/2022US$1.26
Dividend12/01/202204/02/2022US$1.19
Dividend06/10/202112/11/2021US$1.19
Dividend30/06/202106/08/2021US$1.19
Dividend07/04/202107/05/2021US$1.19
Dividend13/01/202105/02/2021US$1.10
Dividend07/10/202013/11/2020US$1.10
Dividend30/06/202007/08/2020US$1.10
Dividend07/04/202008/05/2020US$1.10
Dividend15/01/202007/02/2020US$1.02
Dividend09/10/201915/11/2019US$1.02
Dividend02/07/201909/08/2019US$1.02
Dividend10/04/201910/05/2019US$1.02
Dividend16/01/201908/02/2019US$0.93
Dividend03/10/201809/11/2018US$0.93
Dividend04/07/201810/08/2018US$0.93
Dividend11/04/201811/05/2018US$0.93
Dividend17/01/201809/02/2018US$0.84
Dividend04/10/201710/11/2017US$0.84
Dividend04/07/201711/08/2017US$0.84
Dividend04/04/201705/05/2017US$0.84
Dividend17/01/201710/02/2017US$0.76
Dividend04/10/201610/11/2016US$0.76

About General Dynamics

Sector
Manufacturing

Questions about GD

How much is GD today?

GD is at US$332.72 (0.27% on the day), last traded on 01/10/2026.

How much did GD pay in dividends in 2025?

GD paid US$5.92 per share in 2025, a dividend yield of 1.76%.

When is the next GD dividend?

The next announced payment is US$1.59 per share on 13/11/2026.

How much did GD return in 12 months?

GD returned -1.91% in 12 months, with annualised volatility of 15.64% and a largest drawdown of -12.91%.