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General Dynamics GD Free cash flow

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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%

Valuation

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Market cap$93.22B+24.6%
Enterprise value$99.45B+16.8%
P/E21.5×+2.7×
P/S1.7×+0.2×

Profitability

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Gross margin17.9%
Operating margin10.2%0.0pp
Net margin8.1%0.0pp
FCF margin11.5%+4.7pp

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.

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?
General Dynamics (GD) reported free cash flow of $1.95B in Q1 2026.
How has General Dynamics's free cash flow changed year-over-year?
General Dynamics's free cash flow increased by 773.1% year-over-year, from -$290M to $1.95B.
What is the long-term trend for General Dynamics's free cash flow?
Over 4 years (2021 to 2025), General Dynamics's free cash flow has grown at a 4.0% compound annual growth rate (CAGR), from $3.38B to $3.96B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.