General Dynamics Corporation

GDNYSEIndustrials● Active

$346.44

+$4.94(+1.45%)

Market Cap$93.7B

P/E Ratio—

52W High$369.7

52W Low$268.1

Avg Volume1.3M

Open$343.14

Beta0.34

Free Cash Flow Financials Revenue

General Dynamics Corporation (GD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GD · free cash flow · updated Jun 8, 2026

Core FCF metrics

GD · FCF · TTM · margin & CAGR

Free cash flow was $3.96B for FY2025 (fiscal year ending 2025-12-31), up 23.9% year-over-year The FCF margin was 7.5%. Five-year CAGR stands at +6.5%.

FY2025 Free Cash Flow$3.96B▲ +23.9% YoY

Trailing 12M (TTM)$6.20Btrailing 4 quarters sum

FCF Margin7.5%$3.96B ÷ revenue

3-Year CAGR+4.5%FY2022 → FY2025

5-Year CAGR+6.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.12B(1.16B)$3.96B▲ +23.9%7.5%

FY2024$4.11B(916M)$3.20B▼ 16.0%6.7%

FY2023$4.71B(904M)$3.81B▲ +9.8%9.0%

FY2022$4.58B(1.11B)$3.46B▲ +2.4%8.8%

FY2021$4.27B(887M)$3.38B▲ +17.1%8.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GD · P/FCF · FCF yield · FCF per share

General Dynamics Corporation (GD) trades at a FCF yield of 6.62% and a price-to-free-cash-flow ratio of 15.1x. FCF per share stands at $22.98, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.62%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$22.98

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x15.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GD · cash flow statement · operating / investing / financing

For FY2025, General Dynamics Corporation generated $5.12B in operating cash flow and spent 1.16B in capital expenditures, yielding $3.96B in free cash flow.

Operating Activities

+$5.12B

Cash from core business operations

2025-12-31

Investing Activities

−$1.29B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.19B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($5.12B) − |CapEx| (1.16B) = FCF ($3.96B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

GD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

General Dynamics CorporationYOU

$3.96B+23.9%7.5%

39%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

General Dynamics Corporation (GD) reported free cash flow of $3.96B for FY2025 (fiscal year ending 2025-12-31), up 23.9% year-over-year. The FCF margin was 7.5%.

Based on available data, General Dynamics Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.96B in FY2025. The 5-year CAGR stands at +6.5%.

General Dynamics Corporation's FCF yield is 6.62% and price-to-FCF ratio is 15.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GD free cash flow · 8 questions

General Dynamics Corporation free cash flow was $3.96B for FY2025, up 23.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $6.20B.

GD free cash flowGD FCFGD FCF 2025GD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · General Dynamics Corporation · General Dynamics Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026