GD - General Dynamics Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$397.50
DETAILS
HIGH:
$420.00
LOW:
$376.00
MEDIAN:
$399.00
CONSENSUS:
$397.50
UPSIDE:
8.20%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 47,716.0 | 42,272.0 | 39,407.0 | 38,469.0 | 37,925.0 | 39,350.0 | 36,193.0 | 30,973.0 | 30,561.0 | 31,781.0 |
| Cost of Revenue | 40,352.0 | 35,600.0 | 32,785.0 | 32,061.0 | 31,600.0 | 32,363.0 | 29,536.0 | 24,731.0 | 24,896.0 | 25,549.0 |
| Gross Profit | 7,364.0 | 6,672.0 | 6,622.0 | 6,408.0 | 6,325.0 | 6,987.0 | 6,657.0 | 6,242.0 | 5,665.0 | 6,232.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 565.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 2,568.0 | 2,427.0 | 2,411.0 | 2,245.0 | 2,192.0 | 2,417.0 | 2,263.0 | 2,006.0 | 1,921.0 | 1,937.0 |
| Other Expenses | (565.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 2,568.0 | 2,427.0 | 2,411.0 | 2,245.0 | 2,192.0 | 2,417.0 | 2,263.0 | 2,006.0 | 1,921.0 | 1,937.0 |
| Operating Income | ||||||||||
| Operating Income | 4,796.0 | 4,245.0 | 4,211.0 | 4,163.0 | 4,133.0 | 4,570.0 | 4,394.0 | 4,236.0 | 3,744.0 | 4,295.0 |
| Interest Expense | 393.0 | 399.0 | 391.0 | 431.0 | 489.0 | 472.0 | 374.0 | 117.0 | 99.0 | 98.0 |
| Interest Income | 69.0 | 56.0 | 27.0 | 7.0 | 12.0 | 12.0 | 18.0 | 14.0 | 8.0 | 15.0 |
| Profitability | ||||||||||
| EBITDA | 5,819.0 | 5,246.0 | 5,311.0 | 5,194.0 | 5,105.0 | 5,503.0 | 5,222.0 | 4,635.0 | 4,208.0 | 4,798.0 |
| EBIT | 4,933.0 | 4,383.0 | 4,427.0 | 4,304.0 | 4,227.0 | 4,674.0 | 4,459.0 | 4,194.0 | 3,755.0 | 4,317.0 |
| Income Before Tax | 4,540.0 | 3,984.0 | 4,036.0 | 3,873.0 | 3,738.0 | 4,202.0 | 4,085.0 | 4,077.0 | 3,656.0 | 4,219.0 |
| Income Tax Expense | 758.0 | 669.0 | 646.0 | 616.0 | 571.0 | 718.0 | 727.0 | 1,165.0 | 977.0 | 1,183.0 |
| Net Income | 3,782.0 | 3,315.0 | 3,390.0 | 3,257.0 | 3,167.0 | 3,484.0 | 3,345.0 | 2,912.0 | 2,572.0 | 3,036.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 13.81 | 12.14 | 12.31 | 11.61 | 11.04 | 12.09 | 11.33 | 9.73 | 8.44 | 9.23 |
| EPS (Diluted) | 13.63 | 12.02 | 12.19 | 11.55 | 11.00 | 11.98 | 11.18 | 9.56 | 8.29 | 9.08 |
| Shares Outstanding | 277.5 | 273.1 | 275.3 | 280.4 | 286.9 | 288.3 | 295.3 | 299.2 | 304.7 | 321.3 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,697.0 | 1,913.0 | 1,242.0 | 1,603.0 | 2,824.0 | 902.0 | 963.0 | 2,983.0 | 2,334.0 | 2,785.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 11,225.0 | 11,001.0 | 11,803.0 | 11,539.0 | 11,185.0 | 11,401.0 | 10,335.0 | 8,857.0 | 7,611.0 | 3,446.0 |
| Inventory | 9,724.0 | 8,578.0 | 6,322.0 | 5,340.0 | 5,745.0 | 6,306.0 | 5,977.0 | 5,303.0 | 8,805.0 | 7,723.0 |
| Other Current Assets | 1,740.0 | 2,123.0 | 1,696.0 | 1,505.0 | 1,789.0 | 1,679.0 | 914.0 | 1,185.0 | 1,471.0 | 617.0 |
| Total Current Assets | 24,386.0 | 23,615.0 | 21,063.0 | 19,987.0 | 21,543.0 | 20,288.0 | 18,189.0 | 18,276.0 | 15,447.0 | 14,571.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 6,467.0 | 6,198.0 | 5,900.0 | 5,417.0 | 5,100.0 | 4,475.0 | 4,348.0 | 3,517.0 | 3,467.0 | 3,466.0 |
| Goodwill | 20,556.0 | 20,586.0 | 20,334.0 | 20,098.0 | 20,053.0 | 19,677.0 | 19,594.0 | 11,914.0 | 11,445.0 | 11,443.0 |
| Intangible Assets | 1,520.0 | 1,656.0 | 1,824.0 | 1,978.0 | 2,117.0 | 2,315.0 | 2,585.0 | 702.0 | 678.0 | 763.0 |
| Long-Term Investments | 0.0 | 0.0 | (39.0) | (41.0) | 0.0 | (33.0) | 0.0 | 0.0 | (1,362.0) | 0.0 |
| Other Non-Current Assets | 2,951.0 | 2,755.0 | 2,464.0 | 2,593.0 | 2,495.0 | 2,594.0 | 692.0 | 585.0 | 1,835.0 | 1,754.0 |
| Total Non-Current Assets | 31,494.0 | 31,195.0 | 30,522.0 | 30,086.0 | 29,765.0 | 29,061.0 | 27,219.0 | 16,718.0 | 17,425.0 | 17,426.0 |
| Total Assets | 55,880.0 | 54,810.0 | 51,585.0 | 50,073.0 | 51,308.0 | 48,841.0 | 45,408.0 | 34,994.0 | 32,872.0 | 31,997.0 |
| Current Liabilities | ||||||||||
| Account Payables | 3,344.0 | 3,095.0 | 3,398.0 | 3,167.0 | 2,952.0 | 3,162.0 | 3,179.0 | 3,207.0 | 2,538.0 | 1,964.0 |
| Short-Term Debt | 1,502.0 | 507.0 | 1,253.0 | 1,005.0 | 3,003.0 | 2,920.0 | 973.0 | 2.0 | 900.0 | 501.0 |
| Deferred Revenue | 9,491.0 | 9,564.0 | 7,436.0 | 6,266.0 | 6,276.0 | 7,148.0 | 7,270.0 | 6,992.0 | 4,939.0 | 5,674.0 |
| Other Current Liabilities | 1,453.0 | 1,388.0 | 1,503.0 | 1,850.0 | 2,080.0 | 2,378.0 | 2,365.0 | 2,112.0 | 7,421.0 | 3,658.0 |
| Total Current Liabilities | 17,824.0 | 16,432.0 | 15,341.0 | 13,978.0 | 15,964.0 | 16,801.0 | 14,739.0 | 13,047.0 | 12,846.0 | 12,445.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 7,260.0 | 8,754.0 | 9,243.0 | 10,490.0 | 9,995.0 | 9,010.0 | 11,444.0 | 3,980.0 | 2,988.0 | 2,898.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | (1,250.0) | 461.0 | 588.0 | 577.0 | 244.0 | 72.0 | 75.0 |
| Other Non-Current Liabilities | 4,142.0 | 4,252.0 | 4,928.0 | 6,621.0 | 6,951.0 | 7,012.0 | 6,916.0 | 6,288.0 | 6,433.0 | 5,841.0 |
| Total Non-Current Liabilities | 15,993.0 | 17,079.0 | 17,676.0 | 18,454.0 | 19,683.0 | 18,570.0 | 18,937.0 | 10,512.0 | 9,050.0 | 8,814.0 |
| Total Liabilities | 33,817.0 | 33,511.0 | 33,017.0 | 32,432.0 | 35,647.0 | 35,264.0 | 33,676.0 | 23,559.0 | 21,896.0 | 21,259.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 | 482.0 |
| Retained Earnings | 41,487.0 | 39,270.0 | 37,403.0 | 35,420.0 | 33,498.0 | 31,633.0 | 29,326.0 | 26,444.0 | 25,227.0 | 23,204.0 |
| Accumulated Other Comprehensive Income | (1,518.0) | (1,159.0) | (2,152.0) | (1,920.0) | (3,550.0) | (4,219.0) | (3,778.0) | (2,820.0) | (3,396.0) | (3,286.0) |
| Total Stockholders' Equity | 22,063.0 | 21,299.0 | 18,568.0 | 17,641.0 | 15,661.0 | 13,577.0 | 11,732.0 | 11,435.0 | 10,976.0 | 10,738.0 |
| Total Liabilities & Equity | 55,880.0 | 54,810.0 | 51,585.0 | 50,073.0 | 51,308.0 | 48,841.0 | 45,408.0 | 34,994.0 | 32,872.0 | 31,997.0 |
| Debt Metrics | ||||||||||
| Total Debt | 10,676.0 | 11,083.0 | 12,114.0 | 13,175.0 | 14,732.0 | 13,433.0 | 12,417.0 | 3,982.0 | 3,888.0 | 3,399.0 |
| Net Debt | 8,979.0 | 9,170.0 | 10,872.0 | 11,572.0 | 11,908.0 | 12,531.0 | 11,454.0 | 999.0 | 1,554.0 | 614.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 3,782.0 | 3,315.0 | 3,390.0 | 3,257.0 | 3,167.0 | 3,484.0 | 3,345.0 | 2,912.0 | 2,955.0 | 2,965.0 |
| Depreciation & Amortization | 886.0 | 863.0 | 884.0 | 890.0 | 878.0 | 829.0 | 763.0 | 441.0 | 454.0 | 482.0 |
| Stock-Based Compensation | 183.0 | 181.0 | 165.0 | 126.0 | 128.0 | 133.0 | 140.0 | 123.0 | 100.0 | 110.0 |
| Change in Working Capital | (584.0) | 635.0 | 680.0 | 681.0 | (165.0) | (1,594.0) | (825.0) | (184.0) | (1,636.0) | (1,249.0) |
| Other Non-Cash Items | (69.0) | (107.0) | (362.0) | (617.0) | (23.0) | 37.0 | (272.0) | 186.0 | (51.0) | 24.0 |
| Operating Cash Flow | 4,112.0 | 4,710.0 | 4,579.0 | 4,271.0 | 3,858.0 | 2,981.0 | 3,148.0 | 3,879.0 | 2,198.0 | 2,499.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (916.0) | (904.0) | (1,114.0) | (887.0) | (967.0) | (987.0) | (690.0) | (428.0) | (392.0) | (569.0) |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | (203.0) | (19.0) | (10,099.0) | (399.0) | (49.0) | (5.0) |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (123.0) |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 628.0 |
| Other Investing Activities | (43.0) | (37.0) | (375.0) | 5.0 | 196.0 | 12.0 | 555.0 | 36.0 | (34.0) | 264.0 |
| Investing Cash Flow | (959.0) | (945.0) | (1,489.0) | (882.0) | (974.0) | (994.0) | (10,234.0) | (791.0) | (426.0) | 200.0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (500.0) | (1,250.0) | (1,000.0) | (1,497.0) | 1,019.0 | (559.0) | 8,433.0 | 85.0 | 492.0 | (500.0) |
| Stock Repurchased | (1,501.0) | (434.0) | (1,229.0) | (1,828.0) | (587.0) | (231.0) | (1,769.0) | (1,558.0) | (1,996.0) | (3,233.0) |
| Dividends Paid | (1,529.0) | (1,428.0) | (1,369.0) | (1,315.0) | (1,240.0) | (1,152.0) | (1,075.0) | (986.0) | (911.0) | (873.0) |
| Other Financing Activities | 161.0 | 18.0 | 127.0 | 50.0 | (95.0) | (55.0) | (503.0) | 60.0 | 246.0 | 79.0 |
| Financing Cash Flow | (3,369.0) | (3,094.0) | (3,471.0) | (4,590.0) | (903.0) | (1,997.0) | 5,086.0 | (2,399.0) | (2,169.0) | (4,259.0) |
| Cash Position | ||||||||||
| Net Change in Cash | (216.0) | 671.0 | (361.0) | (1,221.0) | 1,922.0 | (61.0) | (2,020.0) | 649.0 | (451.0) | (1,603.0) |
| Cash at Beginning | 1,913.0 | 1,242.0 | 1,603.0 | 2,824.0 | 902.0 | 963.0 | 2,983.0 | 2,334.0 | 2,785.0 | 4,388.0 |
| Cash at End | 1,697.0 | 1,913.0 | 1,242.0 | 1,603.0 | 2,824.0 | 902.0 | 963.0 | 2,983.0 | 2,334.0 | 2,785.0 |
| Free Cash Flow | 3,196.0 | 3,806.0 | 3,465.0 | 3,384.0 | 2,891.0 | 1,994.0 | 2,458.0 | 3,451.0 | 1,806.0 | 1,930.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 47,716.0 | 42,272.0 | 39,407.0 | 38,469.0 | 37,925.0 | 39,350.0 | 36,193.0 | 30,973.0 | 30,561.0 | 31,781.0 |
| Gross Profit | 7,364.0 | 6,672.0 | 6,622.0 | 6,408.0 | 6,325.0 | 6,987.0 | 6,657.0 | 6,242.0 | 5,665.0 | 6,232.0 |
| Operating Income | 4,796.0 | 4,245.0 | 4,211.0 | 4,163.0 | 4,133.0 | 4,570.0 | 4,394.0 | 4,236.0 | 3,744.0 | 4,295.0 |
| Net Income | 3,782.0 | 3,315.0 | 3,390.0 | 3,257.0 | 3,167.0 | 3,484.0 | 3,345.0 | 2,912.0 | 2,572.0 | 3,036.0 |
| EPS (Diluted) | 13.63 | 12.02 | 12.19 | 11.55 | 11.00 | 11.98 | 11.18 | 9.56 | 8.29 | 9.08 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 1,697.0 | 1,913.0 | 1,242.0 | 1,603.0 | 2,824.0 | 902.0 | 963.0 | 2,983.0 | 2,334.0 | 2,785.0 |
| Total Assets | 55,880.0 | 54,810.0 | 51,585.0 | 50,073.0 | 51,308.0 | 48,841.0 | 45,408.0 | 34,994.0 | 32,872.0 | 31,997.0 |
| Total Debt | 10,676.0 | 11,083.0 | 12,114.0 | 13,175.0 | 14,732.0 | 13,433.0 | 12,417.0 | 3,982.0 | 3,888.0 | 3,399.0 |
| Stockholders' Equity | 22,063.0 | 21,299.0 | 18,568.0 | 17,641.0 | 15,661.0 | 13,577.0 | 11,732.0 | 11,435.0 | 10,976.0 | 10,738.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 4,112.0 | 4,710.0 | 4,579.0 | 4,271.0 | 3,858.0 | 2,981.0 | 3,148.0 | 3,879.0 | 2,198.0 | 2,499.0 |
| Capital Expenditure | (916.0) | (904.0) | (1,114.0) | (887.0) | (967.0) | (987.0) | (690.0) | (428.0) | (392.0) | (569.0) |
| Free Cash Flow | 3,196.0 | 3,806.0 | 3,465.0 | 3,384.0 | 2,891.0 | 1,994.0 | 2,458.0 | 3,451.0 | 1,806.0 | 1,930.0 |