General Dynamics Balance Sheet Health
Financial Health criteria checks 6/6
General Dynamics has a total shareholder equity of $26.1B and total debt of $8.0B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are $59.0B and $33.0B respectively. General Dynamics's EBIT is $5.6B making its interest coverage ratio 19. It has cash and short-term investments of $3.7B.
Key information
30.73%
Debt to equity ratio
US$8.01b
Debt
| Interest coverage ratio | 19x |
| Cash | US$3.65b |
| Equity | US$26.08b |
| Total liabilities | US$32.95b |
| Total assets | US$59.03b |
Recent financial health updates
No updates
Recent updates
General Dynamics (GD): The Industrial Sentinel Prepares for a Multi-Domain Surge
General Dynamics (GD) , the global vanguard of nuclear-powered submarines, land combat vehicles, and ultra-luxury business aviation, enters the weekend of Sunday, April 26, 2026 , in a state of high-stakes transition. The company is set to release its Q1 2026 earnings report on Wednesday, April 29, 2026, before the market opens.
GD: Defense Demand And 2026 Budget Tailwinds Will Support Returns
Analysts have trimmed their consolidated price target for General Dynamics by about $1 to roughly $393, reflecting slightly higher discount rate assumptions and marginal adjustments to long term revenue growth, profit margin, and future P/E expectations, following a mix of recent downgrades and target cuts alongside one bullish initiation. Analyst Commentary Recent research on General Dynamics reflects a split view, with one bullish initiation contrasted against several downgrades and price target trims.GD: Sector Momentum And 2026 Defense Budget Outlook Will Drive Returns
Analysts have trimmed the General Dynamics price target by about $1 to $393.93. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E after a mix of recent target cuts and downgrades alongside earlier target increases and a bullish initiation.General Dynamics: Poised To Benefit From High Volume Of Government Contracts
Mar 31GD: Future Defense Budgets And Buyback Limits Will Shape Returns
Analysts have increased their price targets on General Dynamics by amounts ranging from $5 to $68, citing updated sector assumptions, refined P/E and discount rate inputs, and revised perspectives on potential impacts from evolving U.S. defense budget and capital return policies. Analyst Commentary Recent research on General Dynamics centers on two big swing factors for valuation, updated sector assumptions for aerospace and defense, and how potential changes to U.S. defense spending and capital return rules might reshape cash flow and P/E support.GD: Future Defense Budgets And Capital Return Limits Will Shape Returns
Narrative Update on General Dynamics The updated analyst price target for General Dynamics has moved higher by a blended low double digit dollar amount. Analysts point to a group of recent target increases from firms across the Street, along with refreshed modeling around sector momentum, valuation multiples and potential budget scenarios, as key drivers of the change.GD: Higher Defense Budget Scenarios Will Shape Future Returns
Analysts have lifted their average price targets for General Dynamics by a range of about $5 to $68 in recent weeks, reflecting updated views on sector momentum, evolving budget scenarios, and revised P/E assumptions, even as fair value and growth inputs in our framework remain broadly unchanged. Analyst Commentary Recent research updates around General Dynamics cluster around higher price targets, with analysts revisiting their assumptions on sector momentum, policy risk, and capital allocation while generally leaving core fair value drivers intact.GD: Higher Defense Budget Hopes And Buyback Limits Will Shape Future Returns
Analysts have nudged their price targets for General Dynamics higher, supporting a fair value update to about $394.81 as they factor in modestly stronger revenue growth expectations, a slightly lower discount rate and refined P/E assumptions, even as they temper profit margin forecasts. Analyst Commentary Recent research updates on General Dynamics cluster around higher price targets and refreshed assumptions, giving you a sense of where analysts see risk and opportunity lining up for the next couple of years.General Dynamics Corporation (NYSE:GD) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 03
GD: Marine Strength And Policy Limits On Buybacks Will Shape Future Returns
Analysts have nudged their price targets on General Dynamics higher, supporting a fair value move from about $383.51 to $393.01 as they factor in refreshed sector views, updated estimates across aerospace and defense, and recent upgrades in the stock's rating and target ranges. Analyst Commentary Recent research on General Dynamics clusters around higher price targets and refreshed views on how policy shifts and sector trends could feed into valuation, balance sheet usage, and long term growth potential.GD: Marine Strength And Buyback Constraints Will Shape Multi Year Return Potential
Analysts have nudged their fair value estimate for General Dynamics slightly higher to about US$384 from roughly US$382, reflecting updated price targets in the US$380 to US$400 range and supporting views around solid recent results, balance sheet capacity, and potential defense spending scenarios. Analyst Commentary Bullish Takeaways Bullish analysts highlight a series of higher price targets in the US$380 to US$400 range, which they tie to recent quarterly results and updated modeling assumptions around earnings and cash generation.GD: Marine And Defense Demand Will Drive Multi Year Upside Potential
Analysts have nudged their consolidated price target for General Dynamics higher, reflecting a move toward the Street's recently raised range of about $380 to $400 per share. They cite a solid quarter, growing balance sheet capacity, and expanding defense and technology opportunities.GD: Marine And Defense Demand Will Drive Multi Year Upside Potential
Analysts have nudged their price target for General Dynamics higher, toward the upper end of the Street’s recent range around $380 to $400. This reflects confidence in marine-driven defense growth, emerging opportunities in combat and technology, and improved balance sheet strength.GD: Rising Defense Demand And Marine Strength Will Drive Quarter Momentum
General Dynamics' analyst price target has been raised by analysts from approximately $379 to just under $381. This change reflects confidence in the company’s solid quarterly performance, expanding balance sheet capacity, and continued growth opportunities across its defense and technology segments.GD: Defense Demand And Marine Opportunities Will Drive Measured Upside Amid Policy Risks
General Dynamics' analyst price target was raised from approximately $354 to $379. Analysts cited the company's solid quarterly performance and increased growth opportunities in several divisions.Analysts Lift General Dynamics Price Target as Strong Orders Offset Portfolio Concerns
Analysts have raised their price target for General Dynamics to approximately $354 from $345, citing solid second quarter results and robust order flow despite ongoing portfolio headwinds. Analyst Commentary Following General Dynamics' recent quarterly results, analysts have provided fresh insights reflecting both optimism and caution regarding the company's outlook and valuation.Defense Spending And IT Modernization Will Define Future Markets
The analyst price target for General Dynamics has been raised from $337.94 to $345.41. This reflects optimism after strong Q2 results and improved order flow.Defense Spending And IT Modernization Will Define Future Markets
General Dynamics’ analyst price target was modestly raised to $337.94, reflecting strong Q2 results, robust defense order flow, improving Gulfstream G700 deliveries, and sector tailwinds, supporting a slightly higher fair value. Analyst Commentary Solid Q2 results and strong order flow supporting higher price targets.General Dynamics (NYSE:GD) Has More To Do To Multiply In Value Going Forward
Sep 06Is General Dynamics Corporation (NYSE:GD) Trading At A 29% Discount?
Jun 16
General Dynamics: The Aerospace Jewel Shines Bright In Earnings
Apr 25Defense Spending Cut Fears Open A Window Of Opportunity: General Dynamics In Focus
Feb 25General Dynamics Q4 Results: Magnificent Buy-The-Drop Opportunity
Jan 31General Dynamics: DOGE Risk, But Upside Remains For 2025 And I Am Buying
Dec 13Despite G700 Delivery Delays, General Dynamics Appears On Track
Dec 03As It Turns Out, General Dynamics Is A 'Trump Trade'
Nov 12General Dynamics: Prepare For Takeoff
Oct 29General Dynamics Sees Sharp Contract Decline, But Strong Backlog Secures Future Growth
Oct 09General Dynamics: U.S. GDP Has Room For Increased Defense Spending
Sep 24General Dynamics Stock Is Worth $317
Aug 23I'm Convinced General Dynamics Is One Of The Best Dividend Aristocrats On The Market
Aug 11General Dynamics: Flying High, But Moderately Overvalued
Jul 10Financial Position Analysis
Short Term Liabilities: GD's short term assets ($26.1B) exceed its short term liabilities ($18.8B).
Long Term Liabilities: GD's short term assets ($26.1B) exceed its long term liabilities ($14.1B).
Debt to Equity History and Analysis
Debt Level: GD's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: GD's debt to equity ratio has reduced from 86% to 30.7% over the past 5 years.
Debt Coverage: GD's debt is well covered by operating cash flow (92.5%).
Interest Coverage: GD's interest payments on its debt are well covered by EBIT (19x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 11:29 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/04/05 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
General Dynamics Corporation is covered by 42 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Peter Arment | Baird |
| Joseph Campbell | Barclays |