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General Dynamics GD Free cash flow margin

Free cash flow margin at other companies

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-11.3%+15.2pp
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6.7%+0.6pp
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5.7%+1.7pp
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Lockheed MartinLMT
7.7%+0.8pp
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Northrop GrummanNOC
7.8%+3.4pp
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Leidos HoldingsLDOS
10.7%+3.5pp

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
Debt / equity0.4×-0.1×
Current ratio1.4×0.0×

Where this comes from

Calculated from General Dynamics’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
General Dynamics (GD) reported free cash flow margin of 11.5% in Q1 2026.
How has General Dynamics's free cash flow margin changed year-over-year?
General Dynamics's free cash flow margin increased by 69.6% year-over-year, from 6.8% to 11.5%.
What is the long-term trend for General Dynamics's free cash flow margin?
Over 4 years (2021 to 2025), General Dynamics's free cash flow margin has grown at a -5.2% compound annual growth rate (CAGR), from 39.5% to 31.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.