General Dynamics
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
19.3317.8516.4615.24
Price/Sales ratio
1.801.751.671.62
Earnings per Share (EPS)
$16.34$17.69$19.19$20.72

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
18.2114.8817.8020.9013.8714.5913.4817.9420.1421.3920.0613.87
Price/Sales ratio
1.491.401.671.961.281.291.121.511.731.671.581.28
Price/Book Value ratio
3.894.114.795.323.953.742.723.313.673.333.173.74
Price/Cash Flow ratio
12.3717.6623.9315.6914.7417.0511.0613.6814.9115.0523.1914.74
Price/Free Cash Flow ratio
14.3822.8629.1317.6318.8825.4914.7617.2719.7118.6332.0518.88
Price/Earnings Growth ratio
1.450.673.4967.580.842.17-1.553.473.34-15.496.300.84
Dividend Yield
1.78%1.97%1.73%1.61%2.31%2.26%2.90%2.24%2.00%2.01%2.09%2.26%
Profitability Indicator Ratios
Gross Profit Margin
19.03%19.47%19.93%19.97%18.55%17.93%16.67%16.65%16.80%15.78%15.64%17.93%
Operating Profit Margin
12.60%13.27%13.74%13.48%12.31%11.81%10.89%10.82%10.68%10.04%10.12%11.81%
Pretax Profit Margin
12.32%13.03%13.49%13.16%11.28%10.67%9.85%10.06%10.24%9.42%9.55%10.67%
Net Profit Margin
8.21%9.42%9.42%9.40%9.24%8.85%8.35%8.46%8.60%7.84%7.90%8.85%
Effective Tax Rate
29.69%27.71%27.62%28.57%17.79%17.08%15.27%15.90%16.00%16.79%17.27%17.27%
Return on Assets
7.16%9.26%8.98%8.32%7.36%7.13%6.17%6.50%6.57%6.04%6.34%7.13%
Return On Equity
21.41%27.61%26.92%25.46%28.51%25.66%20.22%18.46%18.25%15.56%16.59%25.66%
Return on Capital Employed
18.00%21.36%21.51%19.03%14.53%14.50%11.69%11.53%11.61%11.06%12.34%14.50%
Liquidity Ratios
Current Ratio
1.261.171.201.391.231.171.34N/AN/AN/A1.311.23
Quick Ratio
0.690.550.510.990.820.800.981.040.960.910.790.80
Cash ratio
0.310.220.180.220.060.050.170.110.080.110.100.06
Days of Sales Outstanding
47.9139.9688.60104.37104.22105.75107.64109.48109.3294.9895.25105.75
Days of Inventory outstanding
114.15111.24128.0278.0974.0071.2766.3560.7970.3887.9495.2974.00
Operating Cycle
162.06151.21216.62182.46178.23177.03174.00170.27179.70182.93190.54178.23
Days of Payables Outstanding
30.0528.2936.9047.2239.3635.7434.0936.0537.8331.7330.9135.74
Cash Conversion Cycle
132.00122.92179.72135.24138.87141.29139.90134.22141.87151.20159.63138.87
Debt Ratios
Debt Ratio
0.110.100.110.110.270.240.250.220.200.160.160.24
Debt Equity Ratio
0.330.310.350.341.050.870.820.650.560.430.400.87
Long-term Debt to Capitalization
0.220.210.210.250.490.390.380.370.330.290.240.39
Total Debt to Capitalization
0.240.240.260.250.510.460.450.390.360.300.280.46
Interest Coverage Ratio
37.7542.6343.5235.7011.919.848.45N/AN/AN/A59.7511.91
Cash Flow to Debt Ratio
0.950.730.560.970.250.240.290.370.430.500.330.25
Company Equity Multiplier
2.982.972.993.063.873.593.272.832.772.572.493.59
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.120.070.070.120.080.070.100.110.110.110.060.07
Free Cash Flow / Operating Cash Flow Ratio
0.860.770.820.880.780.660.740.790.750.800.720.66
Cash Flow Coverage Ratio
0.950.730.560.970.250.240.290.370.430.500.330.25
Short Term Coverage Ratio
7.444.982.441.93K3.231.021.284.243.659.281.571.02
Dividend Payout Ratio
32.45%29.44%30.82%33.85%32.13%33.06%39.15%40.37%40.38%43.07%41.22%32.13%