General Dynamics (GD)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $89.3B, General Dynamics's free cash flow of $4.0B (fiscal 2025) would need to grow about 7% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from General Dynamics's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from GD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from General Dynamics's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| Net income | $3.3B | $3.4B | $3.3B | $3.8B | $4.2B |
| Free cash flow | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| EPS (diluted) | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own GD
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Trimmed | $742M | 0.26% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Held | $139M | 1.1% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $138M | 0.08% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $70M | 0.16% | Q2 2026 |
| Richard Pzena Pzena Investment Management |
Added | $38M | 0.11% | Q2 2026 |
| Mark Boyar Boyar Asset Management |
Trimmed | $405,605 | 0.23% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Held | $34,361 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by General Dynamics's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 9, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $353.49 | — |
| Jan 9, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $353.49 | — |
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In the full deep dive
Questions
What growth does General Dynamics's stock price imply?
At a market value of $89.3B, General Dynamics would need its free cash flow to grow about 7% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 9% a year.
Are General Dynamics insiders buying the stock?
2 open-market insider purchases of GD in the last 12 months, from SEC Form 4 filings.
Which superinvestors own General Dynamics?
7 of the superinvestors Investingly tracks hold GD in their latest 13F, including Cliff Asness, Tom Gayner, PRIMECAP Management.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.