General Dynamics Corp. (GD) stock — is it a good business?

General Dynamics Corp. (GD) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From General Dynamics's results release of October 30, 2026; its quarterly report has since been filed.

Revenue
Actual
$14.57B
+13% y/y
+3.3% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.53B
+15% y/y
+4.6% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Navy submarines, surface ships and ship services32%
Government technology services and defense electronics26%
Business jets and aircraft services25%
Military vehicles, weapons and ammunition18%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

What it sells6

Gulfstream business jets
Long-range business aircraft sold to companies and individuals.
Aircraft maintenance and aviation services
Maintenance, repairs, aircraft management, airport facilities and custom interiors for business and other aircraft.
Navy submarines and ships
Nuclear-powered submarines, destroyers, oilers and other support ships, plus ship repair and modernization.

Show 3 more

Military vehicles
Tracked and wheeled combat vehicles, including tanks, troop carriers and reconnaissance vehicles.
Weapons, ammunition and missile components
Military guns, ammunition, artillery products, rocket motors and other components used in weapons.
Government technology and defense electronics
Information technology services, secure communications equipment, cybersecurity, intelligence systems and electronics for military platforms.

Who buys it5

The U.S. Department of War and other U.S. military agencies, which buy ships, vehicles, weapons, technology and services through government contracts.
U.S. intelligence and civilian government agencies, which contract for technology, secure communications and mission support.
Foreign governments and armed forces, which buy military vehicles, weapons, aircraft services and technology directly or through U.S. government foreign military sales.

Show 2 more

Companies and individuals, which buy business jets.
Aircraft owners and operators, which pay for maintenance, aircraft management, airport facilities and custom aircraft work.

What it stands on, and what could break it

What the business leans on

1The U.S. government accounted for 68% of revenue (2025, high), making government budgets, contract awards and funding schedules important to sales.
2Shipbuilding and other defense programs depend on suppliers for materials and components; some complex parts have only one or a few sources.
3Aircraft production depends on suppliers delivering major components on schedule, including an Israel-based supplier of mid-cabin airframes.
4The business depends on skilled workers to design, build, repair and support aircraft, ships, vehicles and defense technology.

What could go wrong

1A large share of revenue comes from the U.S. government, and contract funding can be delayed or interrupted; government customers can also terminate contracts.
2Supplier delays or capacity limits, particularly for hard-to-replace components, can disrupt production schedules and raise costs across shipbuilding, aircraft and defense programs.
3Demand for business aircraft can change, affecting new-aircraft orders and deliveries; aircraft production and maintenance also require approvals from aviation regulators.

Full financial statements →

About General Dynamics Corp.

General Dynamics builds and repairs Navy ships, makes military vehicles and weapons, and supplies technology and services to government customers. It also builds Gulfstream business jets and provides aircraft maintenance, airport services and custom aircraft interiors. Its government work includes contracts with U.S. military and civilian agencies, as well as foreign governments.

Head office: Reston, Virginia
Founded: 1952
Employees: approximately 117,000 (2025, medium)
Listed on: NYSE
Financial year ends: December 31

Built from General Dynamics Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From General Dynamics's results release of October 30, 2026; its quarterly report has since been filed.

Revenue
Actual
$14.57B
+13% y/y
+3.3% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.53B
+15% y/y
+4.6% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes General Dynamics is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Aerospace and Defense

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Navy submarines, surface ships and ship services32%
Government technology services and defense electronics26%
Business jets and aircraft services25%
Military vehicles, weapons and ammunition18%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

What it sells6

Gulfstream business jets
Long-range business aircraft sold to companies and individuals.
Aircraft maintenance and aviation services
Maintenance, repairs, aircraft management, airport facilities and custom interiors for business and other aircraft.
Navy submarines and ships
Nuclear-powered submarines, destroyers, oilers and other support ships, plus ship repair and modernization.

Show 3 more

Military vehicles
Tracked and wheeled combat vehicles, including tanks, troop carriers and reconnaissance vehicles.
Weapons, ammunition and missile components
Military guns, ammunition, artillery products, rocket motors and other components used in weapons.
Government technology and defense electronics
Information technology services, secure communications equipment, cybersecurity, intelligence systems and electronics for military platforms.

Who buys it5

The U.S. Department of War and other U.S. military agencies, which buy ships, vehicles, weapons, technology and services through government contracts.
U.S. intelligence and civilian government agencies, which contract for technology, secure communications and mission support.
Foreign governments and armed forces, which buy military vehicles, weapons, aircraft services and technology directly or through U.S. government foreign military sales.

Show 2 more

Companies and individuals, which buy business jets.
Aircraft owners and operators, which pay for maintenance, aircraft management, airport facilities and custom aircraft work.

What it stands on, and what could break it

What the business leans on

1The U.S. government accounted for 68% of revenue (2025, high), making government budgets, contract awards and funding schedules important to sales.
2Shipbuilding and other defense programs depend on suppliers for materials and components; some complex parts have only one or a few sources.
3Aircraft production depends on suppliers delivering major components on schedule, including an Israel-based supplier of mid-cabin airframes.
4The business depends on skilled workers to design, build, repair and support aircraft, ships, vehicles and defense technology.

What could go wrong

1A large share of revenue comes from the U.S. government, and contract funding can be delayed or interrupted; government customers can also terminate contracts.
2Supplier delays or capacity limits, particularly for hard-to-replace components, can disrupt production schedules and raise costs across shipbuilding, aircraft and defense programs.
3Demand for business aircraft can change, affecting new-aircraft orders and deliveries; aircraft production and maintenance also require approvals from aviation regulators.

Full financial statements →

About General Dynamics Corp.

Head office: Reston, Virginia
Founded: 1952
Employees: approximately 117,000 (2025, medium)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

Operating income, GAAP

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About General Dynamics Corp.

Q3 2026 results

Revenue

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About General Dynamics Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

General Dynamics Corp.

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

Operating income, GAAP

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About General Dynamics Corp.

Q3 2026 results

Revenue

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells6

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About General Dynamics Corp.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

General Dynamics Corp.

Past performance

Growth & cash — 5 of 5

Business trend

Share price and grade over time