General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems. The Aerospace segment delivers a family of Gulfstream aircraft and provides a range of services for Gulfstream aircraft and aircraft produced by other original equipment manufacturers. The Combat Systems segment offers combat vehicles, weapons systems and munitions for the U.S. government and its allies around the world. The Information Technology segment provides technologies, products and services in support of thousands of programs for a wide range of military, federal civilian, state and local customers. The Mission Systems segment provides mission-critical C4ISR products and systems. The Marine Systems segment designs, builds and supports submarines and surface ships. The company was founded on February 21, 1952 and is headquartered in Falls Church, VA.
Highlights
The P/E is 20% lower than the 5-year quarterly average of 17.1
GD's equity is up by 8% YoY and by 5% from the previous quarter
General Dynamics's quick ratio has increased by 23% YoY but it has decreased by 11% QoQ
The debt has contracted by 19% from the previous quarter but it has grown by 4.7% YoY
The company's net income fell by 5% QoQ
GD's EPS is down by 5% since the previous quarter
Key stats
What are the main financial stats of GD
Market
Shares outstanding
286.93M
Market cap
$44.46B
Enterprise value
$56.75B
Valuations
Price to earnings (P/E)
13.68
Price to book (P/B)
3.2
Price to sales (P/S)
1.15
EV/EBIT
13.07
EV/EBITDA
11.75
EV/Sales
1.47
Earnings
Revenue
$38.55B
EBIT
$4.34B
EBITDA
$4.83B
Free cash flow
$2.65B
Per share
EPS
$11.33
Free cash flow per share
$9.22
Book value per share
$48.42
Revenue per share
$134.37
TBVPS
$98.68
Balance sheet
Total assets
$50.22B
Total liabilities
$36.33B
Debt
$14.59B
Equity
$13.89B
Working capital
$4.53B
Liquidity
Debt to equity
1.05
Current ratio
1.27
Quick ratio
0.81
Net debt/EBITDA
2.54
Margins
EBITDA margin
12.5%
Gross margin
17.2%
Net margin
8.5%
Operating margin
11.2%
Efficiency
Return on assets
6.5%
Return on equity
24.1%
Return on invested capital
18.8%
Return on capital employed
12.9%
Return on sales
11.3%
Dividend
Dividend yield
2.74%
DPS
$4.24
Payout ratio
37.4%
GD stock price
How has the General Dynamics stock price performed over time
Financial performance
How have General Dynamics's revenue and profit performed over time
Revenue
$38.55B
Gross profit
$6.65B
Operating income
$4.33B
Net income
$3.26B
Gross margin
17.2%
Net margin
8.5%
The operating income is down by 5% since the previous quarter and by 3.1% year-on-year
The company's net income fell by 5% QoQ
General Dynamics's operating margin has decreased by 5% from the previous quarter and by 4.3% YoY
The net margin has contracted by 4.5% from the previous quarter
Valuation
What is General Dynamics stock price valuation
P/E
13.68
P/B
3.2
P/S
1.15
EV/EBIT
13.07
EV/EBITDA
11.75
EV/Sales
1.47
The P/E is 20% lower than the 5-year quarterly average of 17.1
GD's EPS is down by 5% since the previous quarter
GD's P/B is 27% below its 5-year quarterly average of 4.4 and 6% below its last 4 quarters average of 3.4
GD's equity is up by 8% YoY and by 5% from the previous quarter
The stock's P/S is 23% less than its 5-year quarterly average of 1.5 and 4.2% less than its last 4 quarters average of 1.2
Efficiency
How efficient is General Dynamics business performance
GD's ROIC is down by 11% YoY and by 8% QoQ
The ROE is down by 10% year-on-year and by 7% since the previous quarter
General Dynamics's ROA has decreased by 7% YoY and by 6% from the previous quarter
GD's ROS is down by 4.2% since the previous quarter and by 4.2% year-on-year
Dividends
What is GD's dividend history
DPS
$4.24
Dividend yield
2.74%
Payout ratio
37.4%
Recent dividends
Financial health
How did General Dynamics financials performed over time
The company's total assets is 38% higher than its total liabilities
General Dynamics's quick ratio has increased by 23% YoY but it has decreased by 11% QoQ
General Dynamics's current ratio has increased by 17% YoY but it has decreased by 5% from the previous quarter
The debt is 5% more than the equity
The debt to equity has decreased by 23% QoQ and by 2.8% YoY
The debt has contracted by 19% from the previous quarter but it has grown by 4.7% YoY
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.