{ "ok": true, "cik": "40533", "ticker": "GD", "name": "GENERAL DYNAMICS CORPORATION", "filings": [ { "form": "8-K", "filed": "2026-08-07", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40533/000119312526340490/0001193125-26-340490-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40533/000119312526332899/0001193125-26-332899-index.htm" }, { "form": "10-Q", "filed": "2026-07-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000032/0000040533-26-000032-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000029/0000040533-26-000029-index.htm" }, { "form": "8-K", "filed": "2026-05-11", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000014/0000040533-26-000014-index.htm" }, { "form": "10-Q", "filed": "2026-04-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/40533/000004053326000012/0000040533-26-000012-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-08-07", "url": "https://www.sec.gov/Archives/edgar/data/40533/000119312526340490/0001193125-26-340490-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000040533.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=40533" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up GENERAL DYNAMICS CORPORATION ($GD). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-07. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 52550000000, "revenueGrowth1y": 0.10130773744655874, "revenueGrowthPerYear": 0.08109897563432056, "yearsOfData": 5, "operatingMargin": 0.10192197906755471, "operatingMarginPrior": 0.10051135887333389, "netMargin": 0.08011417697431018, "operatingCashFlow": 5120000000, "capitalSpending": 1161000000, "freeCashFlow": 3959000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 2333000000, "longTermDebt": 8074000000, "longTermDebtChange": -0.08520280987990025, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 38469000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 39407000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 42272000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 47716000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 52550000000 } ], "totalEquity": 25622000000, "totalAssets": 57249000000, "equityRatio": 0.44755366905972155, "returnOnEquity": 0.16431191944422763, "dividendsPaid": 1593000000, "payoutRatio": 0.37838479809976244, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 15.65, "sharesOutstanding": 272425000, "bookValuePerShare": 94.05157382765898, "revenuePerShare": 192.89712764981186, "range80": { "low": 51900239418.96578, "high": 60356825306.69817, "baseline": 57857585644.42814, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.04151603000269822, "classVolatility": 0.06659579566308972, "volatility": 0.05549135404360277 }, "ifPaceHeld": { "low": 51900239418.96578, "high": 60356825306.69817 } }, "edgarette": "🔖 Exposure: revenue $52.5B (FY2025), total debt $8.1B. Experience: revenue up 10.1% on the year, up 8.1% a year over 4 years; operating margin 10.2%, up from 10.1%. Soundness: equity 44.8% of assets, return on equity 16.4%, payout 37.8% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $51.9B and $60.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $48.6B to $64.1B. A statistical range, not company guidance. Against peers (75 filers, $50M+ revenue, its industry group): operating margin 10.2% against a 4.8% median; growth 10.1% against 4.9%.", "peers": { "sic": 3730, "sicDescription": "Ship & Boat Building & Repairing", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "summary": "General Dynamics (GD) grew revenue 10.1% in FY2025 to $52.5 billion, operating margin 10.2% against a 4.8% median for ship & boat building & repairing, equity 44.8% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
GENERAL DYNAMICS CORPORATION against its own record and its peers
Operating marginPeer median 4.8%10.2%Revenue, on the yearPeer median 4.9%10.1%Equity of assetsPeer median 39.8%44.8%Return on equityPeer median 6.3%16.4%Payout of profitPeer median 33.8%37.8%Gold tick: the median of 32–77 peers with $50M+ revenue in ship & boat building & repairing
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit37.8% paid out62.2% keptGrowth its own profit can fund10.2%retained x return on equityRevenue growth it managed10.1%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:19.523Z", "hash": "2b61d7671008fae6", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "General Dynamics (GD) grew revenue 10.1% in FY2025 to $52.5 billion, operating margin 10.2% against a 4.8% median for ship & boat building & repairing, equity 44.8% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 52550000000, "totalDebt": 8074000000, "cash": 2333000000 }, "experience": { "revenueGrowth1y": 0.10130773744655874, "revenueGrowthPerYear": 0.08109897563432056, "operatingMargin": 0.10192197906755471, "operatingMarginPrior": 0.10051135887333389, "netMargin": 0.08011417697431018, "freeCashFlow": 3959000000 }, "soundness": { "equityRatio": 0.44755366905972155, "returnOnEquity": 0.16431191944422763, "payoutRatio": 0.37838479809976244, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3730, "sicDescription": "Ship & Boat Building & Repairing", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-08-07", "url": "https://www.sec.gov/Archives/edgar/data/40533/000119312526340490/0001193125-26-340490-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 51900239418.96578, "high": 60356825306.69817, "baseline": 57857585644.42814, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.04151603000269822, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.05549135404360277, "k": 3 }, "stress": { "low": 48570328618.755196, "high": 64120362903.1328, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:19.523Z", "hash": "2b61d7671008fae6", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000040533.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=40533" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0974, "growth3y": 0.1007, "volatility": 0.0415, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4476, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 9.7% of revenue into operating cash; revenue growing 10.1% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 37th percentile for cash, 76th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 37, "growthPctInClass": 76, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 5120000000, "investing": -1284000000, "financing": -3190000000, "capitalSpending": 1161000000, "free": 3959000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 4271000000, "free": 3384000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 4579000000, "free": 3465000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4710000000, "free": 3806000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4112000000, "free": 3196000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 5120000000, "free": 3959000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 2333000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 57249000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0974, "growth3y": 0.1007, "volatility": 0.0415, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4476, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 9.7% of revenue into operating cash; revenue growing 10.1% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 37th percentile for cash, 76th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 37, "growthPctInClass": 76, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 5120000000, "investing": -1284000000, "financing": -3190000000, "capitalSpending": 1161000000, "free": 3959000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 4271000000, "free": 3384000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 4579000000, "free": 3465000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 4710000000, "free": 3806000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 4112000000, "free": 3196000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 5120000000, "free": 3959000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 2333000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 57249000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }