General Dynamics
Builds Gulfstream jets, Navy ships, combat vehicles and government mission technology.
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Profile
Builds Gulfstream business jets, Navy submarines and ships, military vehicles, weapons and munitions, while providing government IT and mission systems. Revenue comes from aircraft sales and services plus long-term defense programs, with the U.S. government as the primary customer.
Operates four segments spanning business aviation and defense. Aerospace builds and services Gulfstream business jets through Gulfstream and Jet Aviation. Marine Systems designs, builds and supports nuclear-powered submarines, surface combatants and auxiliary ships through Electric Boat, Bath Iron Works and NASSCO.
Combat Systems supplies wheeled and tracked military vehicles, weapon systems, energetics and munitions to U.S. and allied forces. Technologies combines GDIT's IT and mission-support services with Mission Systems' communications, command-and-control, cyber and intelligence, surveillance and reconnaissance systems.
Pairs complex engineering and manufacturing with lifecycle services for long-lived platforms and government programs. Most revenue comes from the U.S. government; results therefore depend on appropriations, procurement rules, contract performance, skilled labor and suppliers, while business aviation adds global commercial demand.
Company facts
Categories
Key statistics
Year to date +10.5% · Average volume (30d) 975.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Bernstein | Reiterate | Market Perform | $398 | $421 | |
| Aug 3, 2026 | UBS | Reiterate | Neutral | $371 | $395 | |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Overweight | $435 | $465 | |
| Jul 30, 2026 | RBC Capital | Reiterate | Sector Perform | $330 | $410 | |
| Jul 30, 2026 | Deutsche Bank | Reiterate | Hold | $400 | $384 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $3.96 | $4.24 | +7.1% | $13.52B | $14.09B | +4.2% | +0.33% |
| Apr 29, 2026Q1 FY26 | $3.67 | $4.10 | +11.7% | $12.70B | $13.48B | +6.1% | +1.64% |
| Jan 28, 2026Q4 FY25 | $4.11 | $4.17 | +1.5% | $13.80B | $14.38B | +4.2% | −1.89% |
| Oct 24, 2025Q3 FY25 | $3.70 | $3.88 | +4.9% | $12.50B | $12.91B | +3.3% | +0.86% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.22B | $13.04B | $12.91B | $14.38B | $13.48B | $14.09B | |
| Gross profit | $1.89B | $1.95B | $1.97B | $2.14B | $2.14B | $2.18B | |
| Operating income | $1.27B | $1.31B | $1.33B | $1.45B | $1.42B | $1.46B | |
| Net income | $994.0M | $1.01B | $1.06B | $1.14B | $1.13B | $1.16B | |
| Diluted EPS | $3.66 | $3.74 | $3.89 | $4.17 | $4.10 | $4.25 | |
| Gross margin | 15.5% | 14.9% | 15.2% | 14.9% | 15.9% | 15.5% | |
| Operating margin | 10.4% | 10.0% | 10.3% | 10.1% | 10.5% | 10.4% |
Fiscal years (4-quarter sums)FY21 $38.47B · FY22 $39.41B · FY23 $42.27B · FY24 $47.72B · FY25 $52.55B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jul 5, 2026Cash & short-term investments $4.33B · Total debt $9.48B · Total assets $60.16B · Shareholders' equity $26.83B
Dividends
Raised for 31 straight years — most recently to $1.59 from $1.50 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 2, 2026 | Jul 2 | Aug 7 | $1.59 | |
| Apr 10, 2026 | Apr 10 | May 8 | $1.59 | raised from $1.50 |
| Jan 16, 2026 | Jan 16 | Feb 6 | $1.50 | |
| Oct 10, 2025 | Oct 10 | Nov 14 | $1.50 | |
| Jul 3, 2025 | Jul 3 | Aug 8 | $1.50 | |
| Apr 11, 2025 | Apr 11 | May 9 | $1.50 | raised from $1.42 |
| Jan 17, 2025 | Jan 17 | Feb 7 | $1.42 | |
| Oct 11, 2024 | Oct 11 | Nov 15 | $1.42 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 270.56M · Float 254.48M · 94.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Longview Asset Management, LLC | 27.10M | 10.00% | 13D | Aug 28, 2026 |
| BlackRock, Inc. | 19.31M | 7.14% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 16.67M | 6.16% | 13F | Aug 13, 2026 |
| Newport Trust Co | 13.40M | 4.95% | 13F | Aug 13, 2026 |
| State Street Corp | 11.81M | 4.37% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Peter A. Wall | director | −1,990 | $396.43 |
| Aug 5, 2026 | Christopher J. Brady | officer: Vice President | −6,320 | $383.32 |
| Jul 31, 2026 | Marguerite Amy Gilliland | officer: Executive Vice President | −43,180 | $378.04 |
| Aug 3, 2026 | Phebe N. Novakovic | director, officer: Chairman and CEO | −51,568 | $382.58 |
| Jun 17, 2026 | Mark Malcolm | director | −3,210 | $365.00 |
Peers
- Huntington Ingalls Industries
Sole US carrier builder; shares Virginia- and Columbia-class submarine programs.
- Lockheed Martin
Largest US defense prime; Aegis and C6ISR contest GD Mission Systems and BIW.
- Leidos
Largest US federal IT firm; competes with GDIT on DoD cloud, cyber, and C5ISR.
- Northrop Grumman
C4ISR and radar electronics challenge GD Mission Systems across Navy programs.
- Booz Allen Hamilton
Defense analytics and AI consultancy contesting DoD IT task orders with GDIT.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Huntington Ingalls Industries | $294.11 | −0.03% | $11.59B | 17.5 | 15.1 | 0.9 | +10.9% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| Median | 17.3 | 15.1 | 1.0 | +7.2% |