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General Dynamics GD Return on invested capital

Return on invested capital at other companies

Boeing logo
BoeingBA
8.1%+4.5pp
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L3Harris TechnologiesLHX
11.7%+1.4pp
Textron logo
TextronTXT
14%+0.8pp
Lockheed Martin logo
Lockheed MartinLMT
24.4%-1.6pp
Northrop Grumman logo
Northrop GrummanNOC
13.2%+2.3pp
Leidos Holdings logo
Leidos HoldingsLDOS
15.8%-0.6pp

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 return on invested capital?
General Dynamics (GD) reported return on invested capital of 14% in Q1 2026.
How has General Dynamics's return on invested capital changed year-over-year?
General Dynamics's return on invested capital increased by 6.9% year-over-year, from 13.1% to 14%.
What is the long-term trend for General Dynamics's return on invested capital?
Over 4 years (2021 to 2025), General Dynamics's return on invested capital has grown at a 1.8% compound annual growth rate (CAGR), from 50.3% to 54%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.