Industrials · NYSE/NASDAQ: GD
GENERAL DYNAMICS CORP
Aerospace & Defense
Market Cap $97.23B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
91/100
Management Credibility
92/100
Governance
93/100
Cash Flow Quality
94/100
AI Summary
General Dynamics (GD) demonstrates a decade of resilient growth, characterized by its strategic pivot toward increased aerospace margins and high-backlog defense contracts. The 2018 acquisition of CSRA significantly altered the balance sheet but provided the necessary scale in IT services to stabilize cyclical defense spending. Over the last 10 years, revenue has grown from $31.35B to $52.55B, reflecting a CAGR of approximately 5.3%, while net income has scaled from $2.96B to $4.21B. The company maintains a dominant position in the business aviation market via Gulfstream and a critical role…
Top Opportunities
- Consistent OCF generation above net income
- Disciplined debt reduction post-2018 acquisition
- Significant revenue growth forecast for 2024-2025
Top Risks
- Secular decline in operating margins since 2016
- High dependence on US Government spending (65%+)
- Vulnerability to FAA certification timelines
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