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General Dynamics GD Debt-to-equity

Debt-to-equity at other companies

Boeing logo
BoeingBA
10.4×
L3Harris Technologies logo
L3Harris TechnologiesLHX
0.6×-0.1×
Textron logo
TextronTXT
0.1×0.0×
Lockheed Martin logo
Lockheed MartinLMT
2.8×-0.3×
Northrop Grumman logo
Northrop GrummanNOC
-0.1×
Leidos Holdings logo
Leidos HoldingsLDOS
1.3×0.0×

Other financials

Income statement

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Revenue$13.5B+10.3%
Operating income$1.4B+12.0%
Net income$1.1B+13.2%
EPS (diluted)$4.10+12.0%

Balance sheet

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Cash & equivalents$3.7B+194%
Total debt$9.9B-14.6%
Total equity$26.1B+17.3%
Total assets$59.0B+3.1%

Cash flow

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Operating cash flow$2.2B+1,556%
CapEx$203.0M+43.0%
Free cash flow$2.0B+773%

Valuation

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Market cap$98.12B+27.1%
Enterprise value$104.36B+18.8%
P/E22.6×+3.2×
P/S1.8×+0.3×

Profitability

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Gross margin17.9%
Operating margin10.2%0.0pp
Net margin8.1%0.0pp

Returns & leverage

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Return on equity18%-0.3pp
Current ratio1.4×0.0×

Where this comes from

Calculated from General Dynamics’s reported figures.

Based on the most recent quarter.

The official record: General Dynamics’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Dynamics's debt-to-equity?
General Dynamics (GD) reported debt-to-equity of 0.4× in Q1 2026.
How has General Dynamics's debt-to-equity changed year-over-year?
General Dynamics's debt-to-equity decreased by 27.2% year-over-year, from 0.5× to 0.4×.
What is the long-term trend for General Dynamics's debt-to-equity?
Over 4 years (2021 to 2025), General Dynamics's debt-to-equity has grown at a -17.0% compound annual growth rate (CAGR), from 3.7× to 1.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.