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General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, energetics and munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, and armored vehicles; and offers modernization programs, support and sustainment services, and development programs. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud services, cybersecurity, network modernization, artificial intelligence; machine learning; application development, high-performance computing, and 5G and advanced communications services; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
General Dynamics is a diversified aerospace and defense firm that makes combat vehicles, nuclear submarines, Gulfstream business jets and provides mission systems and IT services. Long-term growth may be supported by sustained defense budgets, multi-year naval and aircraft programs, recurring aftermarket services and international sales, making it attractive for investors seeking diversified exposure to defense and aerospace cash flows.
Key risks include reliance on US government funding, program execution and cost-overrun exposure on complex naval programs, cyclical business-jet demand and supply-chain or regulatory disruptions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 5103.00M | 4540.00M | 3984.00M | 4036.00M | 3873.00M |
| Net income | 4210.00M | 3782.00M | 3315.00M | 3390.00M | 3257.00M |
| Selling general administrative | 2595.00M | 2568.00M | 2427.00M | 2411.00M | 2245.00M |
| Selling and marketing expenses | 64.00M | - | - | - | - |
| Gross profit | 7951.00M | 7364.00M | 4245.00M | 6622.00M | 6408.00M |
| Reconciled depreciation | 924.00M | 886.00M | 863.00M | 884.00M | 890.00M |
| Ebit | 5417.00M | 4933.00M | 4245.00M | 4211.00M | 4163.00M |
| Ebitda | 6097.00M | 5819.00M | 4245.00M | 5095.00M | 5053.00M |
| Depreciation and amortization | 680.00M | 886.00M | 863.00M | 884.00M | 890.00M |
| Non operating income net other | - | - | - | 189.00M | 134.00M |
| Operating income | 5356.00M | 4796.00M | 4245.00M | 4211.00M | 4163.00M |
| Other operating expenses | 47194.00M | 42920.00M | 38027.00M | 35196.00M | 34306.00M |
| Interest expense | 314.00M | 393.00M | 399.00M | 391.00M | 431.00M |
| Tax provision | 893.00M | 758.00M | 669.00M | 646.00M | 616.00M |
| Interest income | 314.00M | 69.00M | 56.00M | 364.00M | 424.00M |
| Net interest income | -314.00M | -324.00M | -343.00M | -364.00M | -424.00M |
| Income tax expense | 893.00M | 758.00M | -669.00M | 646.00M | 616.00M |
| Total revenue | 52550.00M | 47716.00M | 42272.00M | 39407.00M | 38469.00M |
| Total operating expenses | 2595.00M | 2568.00M | 38027.00M | 35196.00M | 34306.00M |
| Cost of revenue | 44599.00M | 40352.00M | 38027.00M | 32785.00M | 32061.00M |
| Total other income expense net | -253.00M | -256.00M | -261.00M | -175.00M | -290.00M |
| Net income from continuing ops | 4210.00M | 3782.00M | 3315.00M | 3390.00M | 3257.00M |
| Net income applicable to common shares | 4210.00M | 3782.00M | 3315.00M | 3390.00M | 3257.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 57249.00M | 55880.00M | 54810.00M | 51585.00M | 50073.00M |
| Intangible assets | 1375.00M | 1520.00M | 1656.00M | 1824.00M | 1978.00M |
| Other current assets | 1897.00M | 1740.00M | 2123.00M | 1696.00M | 1505.00M |
| Total liab | 31627.00M | 33817.00M | 33511.00M | 33017.00M | 32432.00M |
| Total stockholder equity | 25622.00M | 22063.00M | 21299.00M | 18568.00M | 17641.00M |
| Other current liab | 2989.00M | 3168.00M | 2941.00M | 3254.00M | 3540.00M |
| Common stock | 482.00M | 482.00M | 482.00M | 482.00M | 482.00M |
| Capital stock | 482.00M | 482.00M | 482.00M | 482.00M | 482.00M |
| Retained earnings | 44080.00M | 41487.00M | 39270.00M | 37403.00M | 35420.00M |
| Other liab | - | - | - | 7103.00M | 7964.00M |
| Good will | 21009.00M | 20556.00M | 20586.00M | 20334.00M | 20098.00M |
| Other assets | 3092.00M | 1155.00M | 1068.00M | 2464.00M | 11.61M |
| Cash | 2333.00M | 1697.00M | 1913.00M | 1242.00M | 1603.00M |
| Cash and equivalents | 2333.00M | 1697.00M | 1913.00M | 1242.00M | 1603.00M |
| Total current liabilities | 16796.00M | 17824.00M | 16432.00M | 15341.00M | 13978.00M |
| Current deferred revenue | 9824.00M | 9491.00M | 9564.00M | 7436.00M | 6266.00M |
| Net debt | 7456.00M | 8979.00M | 9170.00M | 9254.00M | 9892.00M |
| Short term debt | 1305.00M | 1821.00M | 832.00M | 1253.00M | 1005.00M |
| Short long term debt | 1006.00M | 1502.00M | 507.00M | 1253.00M | 1005.00M |
| Short long term debt total | 9789.00M | 10676.00M | 11083.00M | 10496.00M | 11495.00M |
| Other stockholder equity | -18457.00M | -18388.00M | -17294.00M | -17165.00M | -16341.00M |
| Property plant equipment | 7525.00M | 8263.00M | 7885.00M | 5900.00M | 5417.00M |
| Total current assets | 24248.00M | 24386.00M | 23615.00M | 21063.00M | 19987.00M |
| Net tangible assets | - | - | - | -3590.00M | -4435.00M |
| Net receivables | 10786.00M | 11225.00M | 11001.00M | 11803.00M | 11539.00M |
| Long term debt | 7007.00M | 7260.00M | 8754.00M | 9243.00M | 10490.00M |
| Inventory | 9232.00M | 9724.00M | 8578.00M | 6322.00M | 5340.00M |
| Accounts payable | 2678.00M | 3344.00M | 3095.00M | 3398.00M | 3167.00M |
| Accumulated other comprehensive income | -483.00M | -1518.00M | -1159.00M | -2152.00M | -1920.00M |
| Common stock total equity | - | - | - | 482.00M | 482.00M |
| Retained earnings total equity | - | - | - | 37403.00M | 35420.00M |
| Treasury stock | - | - | - | -20721.00M | -19619.00M |
| Non currrent assets other | 3092.00M | 2951.00M | 2783.00M | 2464.00M | 2593.00M |
| Non current assets total | 33001.00M | 31494.00M | 31195.00M | 30522.00M | 30086.00M |
| Capital lease obligations | 1776.00M | 1914.00M | 1822.00M | 1618.00M | 1680.00M |
| Long term debt total | 7007.00M | 7722.00M | 9136.00M | 9243.00M | 10490.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -953.00M | -941.00M | -1489.00M | -882.00M |
| Change to liabilities | - | - | - | -212.00M | 194.00M |
| Total cashflows from investing activities | -1294.00M | -959.00M | -945.00M | -1489.00M | -882.00M |
| Net borrowings | -753.00M | -500.00M | -1250.00M | -1000.00M | -1497.00M |
| Total cash from financing activities | -3190.00M | -3369.00M | -3094.00M | -3471.00M | -4590.00M |
| Change to operating activities | - | - | - | 2082.00M | 354.00M |
| Net income | 4210.00M | 3782.00M | 3315.00M | 3390.00M | 3257.00M |
| Change in cash | 636.00M | -216.00M | 671.00M | -361.00M | -1221.00M |
| Begin period cash flow | 1697.00M | 1913.00M | 1242.00M | 1603.00M | 2824.00M |
| End period cash flow | 2333.00M | 1697.00M | 1913.00M | 1242.00M | 1603.00M |
| Total cash from operating activities | 5120.00M | 4112.00M | 4710.00M | 4579.00M | 4271.00M |
| Depreciation | 924.00M | 886.00M | 863.00M | 884.00M | 890.00M |
| Other cashflows from investing activities | -133.00M | -43.00M | -41.00M | -375.00M | 5.00M |
| Dividends paid | 1593.00M | 1529.00M | 1428.00M | -1369.00M | -1315.00M |
| Change to inventory | 450.00M | -1195.00M | -2219.00M | -980.00M | 405.00M |
| Change to account receivables | 556.00M | -245.00M | 38.00M | 46.00M | 138.00M |
| Sale purchase of stock | -637.00M | -1501.00M | -434.00M | -1229.00M | -1828.00M |
| Other cashflows from financing activities | -207.00M | 161.00M | 18.00M | 127.00M | 50.00M |
| Change to netincome | - | - | - | -13.00M | -577.00M |
| Capital expenditures | 1161.00M | 916.00M | 904.00M | 1114.00M | 887.00M |
| Change receivables | - | - | - | 46.00M | 138.00M |
| Cash flows other operating | - | - | - | 1762.00M | -351.00M |
| Cash and cash equivalents changes | - | - | - | -381.00M | -1201.00M |
| Change in working capital | 192.00M | -584.00M | 635.00M | 680.00M | 681.00M |
| Stock based compensation | 196.00M | 183.00M | 181.00M | 165.00M | 126.00M |
| Other non cash items | -658.00M | -69.00M | -107.00M | -362.00M | -617.00M |
| Free cash flow | 3959.00M | 3196.00M | 3806.00M | 3465.00M | 3384.00M |
Sector: Industrials Industry: Aerospace & Defense
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| GD General Dynamics Corporation |
7.99 2.26% |
362.05 | 21.73 | 19.19 | 1.77 | 3.60 | 1.85 | 15.11 |
| SPCX Space Exploration Technologies Corp. Class A Common Stock |
6.71 5.00% |
140.98 | - | 200.00 | 82.08 | 15.35 | 82.13 | 500.95 |
| GE GE Aerospace |
10.89 3.37% |
334.13 | 37.45 | 35.09 | 6.29 | 18.68 | 6.70 | 27.10 |
| EADSF Airbus Group SE |
1.00 0.44% |
226.00 | 25.70 | 22.32 | 2.30 | 5.91 | 1.97 | 13.60 |
| BA The Boeing Company |
-0.66 0.38% |
172.74 | 88.37 | 153.85 | 1.93 | 31.61 | 2.21 | 26.81 |
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, energetics and munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, and armored vehicles; and offers modernization programs, support and sustainment services, and development programs. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud services, cybersecurity, network modernization, artificial intelligence; machine learning; application development, high-performance computing, and 5G and advanced communications services; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.
| Name | Title | Year Born |
|---|---|---|
| Ms. Phebe N. Novakovic | CEO & Chairperson | 1958 |
| Mr. Jason W. Aiken CPA | Sr. VP & CFO | 1972 |
| Mr. Mark C. Roualet | Exec. VP of Combat Systems | 1959 |
| Mr. Robert E. Smith | Exec. VP of Marine Systems | 1968 |
| Mr. Mark L. Burns | VP & Pres of Gulfstream Aerospace | 1960 |
| Mr. Christopher Marzilli | Exec. VP of Technologies | 1959 |
| Ms. Kimberly A. Kuryea | Sr. VP of HR & Admin. | 1967 |
| Mr. Howard Alan Rubel | VP of Investor Relations | NA |
| Mr. Gregory S. Gallopoulos | Sr. VP, Gen. Counsel & Sec. | 1960 |
| Mr. Thomas W. Kirchmaier | Sr. VP of Planning, Communications & Trade Compliance | 1957 |
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