General Dynamics's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of General Dynamics (GD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: General Dynamics vs Its Competitors
- TTM: Trailing 12-month revenue of 53,808M vs 602,281M combined for tracked competitors (8.2% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+0.2% annualized vs trailing 12 months), vs decelerating (-5.8%) for its tracked peer group.
- Growth: General Dynamics generated 10.3% revenue growth year over year in Q1 2026, vs 7.9% for its tracked competitors combined.
- Profitability: Its 8.4% net margin compares with 7.6% for the peer group.
- Scale: General Dynamics ranks #1 of 6 companies by market capitalization in the Ship & Boat Building industry, holding 89.2% of industry market cap.
- Peer revenue share: General Dynamics accounted for 8.7% of combined revenue among its tracked peer group, up from 8.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.46M compares with $0.50M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GD Sales vs. its Competitors, Q1 2026
General Dynamics reported revenue growth of 10.29 % year on year in Q1 2026, above its competitors' combined revenue growth of 7.88 %.
With a net margin of 8.35 %, General Dynamics achieved higher profitability than its competitors (7.57 %).
General Dynamics generated 8.68 % of the combined sales of its peer group, up from 8.51 % a year earlier.
General Dynamics vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across General Dynamics and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| General Dynamics Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (15) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across General Dynamics's competitor groups requires a Commercial License.
For context: the Ship & Boat Building industry grew revenue 11.5% year over year, combined, vs 10.3% for General Dynamics. General Dynamics's share of combined industry revenue moved from 78.05% to 77.18%, a loss of 0.87 percentage points.
General Dynamics's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| General Dynamics Corporation | Yes | Yes | No | No |
| Competitors combined (49) | ||||
| High-Confidence Competitors (17) | ||||
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GD Stock Performance relative to its Competitors
GD Stock Performance relative to High-Confidence Competitors
GD Stock Performance relative to Similar-Size Competitors
GD Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Viavi Solutions Inc | 282.9% | Outperformed |
| 2 | Sifco Industries Inc | 282.9% | Outperformed |
| 3 | Frequency Electronics Inc | 282.9% | Outperformed |
| 4 | Viasat Inc | 282.9% | Outperformed |
| 5 | The Manitowoc Company Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for General Dynamics's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
General Dynamics's Comment on Competition and Industry Peers
Publicly Traded Peers of General Dynamics Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| General Dynamics Corporation | 91,602.95 | 53,808.00 |
| Rtx Corporation | 256,155.90 | 93,500.00 |
| Eaton Corporation Plc | 168,034.20 | 30,025.00 |
| The Boeing Company | 145,778.73 | 93,995.00 |
| Parker hannifin Corporation | 124,199.36 | 21,499.00 |
| Lockheed Martin Corporation | 119,732.91 | 77,014.00 |
| SUBTOTAL | 1,453,158.03 | 678,682.61 |
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Sources: General Dynamics Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on General Dynamics Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
General Dynamics's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Amentum Holdings Inc | Named by the company | 85% |
| Kratos Defense and Security Solutions inc | Named by the company | 85% |
| Northrop Grumman Corp | Named by the company | 85% |
| V2x Inc | Named by the company | 85% |
| The Boeing Company | Named by the company | 85% |
| Leidos Holdings Inc | Named by the company | 85% |
| Dlh Holdings Corp | Named by the company | 85% |
| L3harris Technologies Inc | Named by the company | 85% |
| Cubic Corp | Named by the company | 85% |
| Gogo Inc | Named by the company | 85% |
| Maximus Inc | Named by the company | 85% |
| Optex Systems Holdings Inc | Named by the company | 85% |
| Icf International Inc | Named by the company | 85% |
| Moog Inc | Named by the company | 85% |
| Geospace Technologies Corp | Named by the company | 85% |
| Science applications International corporation | Named by the company | 85% |
| The Marine Systems | Named by the company | 85% |
| The Combat Systems | Named by the company | 85% |
| Rockwell Collins Inc | Named by the company | 85% |
| Lockheed Martin Corporation | Named by the company | 85% |
| Huntington Ingalls Industries Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for General Dynamics's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
General Dynamics's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| General Dynamics Corporation | Marine Systems 32.36 % |
| Rtx Corporation | Pratt and Whitney 35.98 % |
| Eaton Corporation Plc | Electrical Americas 46.31 % |
| The Boeing Company | Commercial Airplanes 47.85 % |
| Parker hannifin Corporation | Diversified Industrial 66.93 % |
| Lockheed Martin Corporation | Aeronautics 40.43 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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General Dynamics's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| General Dynamics Corporation | 91,603 | 459,897 | 37,103 |
| Rtx Corporation | 256,156 | 519,444 | 45,139 |
| Eaton Corporation Plc | 168,034 | 308,572 | 39,403 |
| The Boeing Company | 145,779 | 516,456 | 13,440 |
| Parker hannifin Corporation | 124,199 | 359,215 | 60,969 |
| Lockheed Martin Corporation | 119,733 | 626,130 | 51,114 |
| PEERS TOTAL | 1,361,555 | 495,980 | 31,392 |
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General Dynamics's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Rtx Corporation | UNITED STATES 52.99 % |
| Parker hannifin Corporation | North America 67.21 % |
| Lockheed Martin Corporation | United States 70.72 % |
| Northrop Grumman Corp | United States 85.81 % |
| Elbit Systems Ltd | Israel 32.20 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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General Dynamics's Position in Industry Market Structure
Market-capitalization share and concentration across all 6 companies in General Dynamics's industry classification, broader than the peer set above. Market cap in millions of $.General Dynamics ranks #1 of 6 companies by market capitalization in its industry, holding 89.23 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 8,061, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | General Dynamics Corporation | 91,984 | 89.23 % |
| 2 | Huntington Ingalls Industries Inc | 10,298 | 9.99 % |
| 3 | Malibu Boats Inc | 1,234 | 5.2% |
| 4 | Mastercraft Boat Holdings Inc | 1,234 | 5.2% |
| 5 | Twin Vee Powercats Co | 1,234 | 5.2% |
| 6 | Vision Marine Technologies inc | 1,234 | 5.2% |
Market cap and industry share for the rest of General Dynamics's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
General Dynamics's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | General Dynamics Corporation | 91,984 | 3.43 % |
| 2 | Huntington Ingalls Industries Inc | 10,298 | -3.89 % |
| 3 | Malibu Boats Inc | 1,234 | 12.3% |
| 4 | Mastercraft Boat Holdings Inc | 1,234 | 12.3% |
| 5 | Twin Vee Powercats Co | 1,234 | 12.3% |
| 6 | Vision Marine Technologies inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of General Dynamics's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
General Dynamics's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Ship & Boat Building industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (7 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 46.54 % | 14.03 % (avg) | +32.5 pp |
| Operating Margin | 10.24 % | industry median | +6.6 pp |
| EBITDA Margin | 11.37 % | -2.55 % (avg) | +13.9 pp |
| Capital Intensity (Capex / Revenue) | 2.27 % | 2.69 % (avg) | -0.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
General Dynamics's Valuation vs Competitive Position
Valuation multiples vs the Ship & Boat Building industry average (7 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 21.8x | 30.7x | -8.9x |
| EV / EBITDA | 16.5x | 15.0x | +1.4x |
| P/B | 3.8x | 2.3x | +1.5x |
| Return on Equity | 17.41 % | industry aggregate | 1.32 % |
| Return on Invested Capital | 9.70 % | -8.03 % (avg) | 17.73 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
General Dynamics's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 22.04 % | 4.10 % | -3.62 % | 1.43 % | 2.44 % | 7.27 % | 12.88 % | 10.13 % |
| Operating Margin | 11.89 % | 11.81 % | 10.90 % | 10.82 % | 10.69 % | 10.04 % | 10.05 % | 10.19 % |
| Return on Invested Capital | 11.04 % | 10.51 % | 8.44 % | 8.01 % | 8.42 % | 8.66 % | 9.25 % | 9.72 % |
| P/E | 15.2x | 15.1x | 13.6x | 17.6x | 20.1x | 20.9x | 20.1x | 22.4x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
General Dynamics's Strategic Group Map
Every company in General Dynamics's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. General Dynamics is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
General Dynamics's BCG Growth-Share Matrix
Relative market share (vs General Dynamics's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
General Dynamics falls in the Star quadrant: relative market share of 8.93x vs its largest competitor, in an industry growing revenue 13.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
General Dynamics's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 8,061 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.27 % vs industry average 2.69 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See General Dynamics's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See General Dynamics's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
General Dynamics's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
General Dynamics falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
General Dynamics's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 6, 89.23 % share).
- Operating margin 6.6 points above the industry median.
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
- Industry revenue growing at a healthy 13.5% median pace.
- Trades at a lower P/E than the industry average (21.8x vs 30.7x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-5.8% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
General Dynamics's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| General Dynamics Corporation | 0.14 | 1.40 | 0.33 |
| Rtx Corporation | 0.12 | 1.03 | 0.70 |
| Eaton Corporation Plc | 0.05 | 1.25 | 0.79 |
| The Boeing Company | 0.08 | 1.17 | 22.01 |
| Parker hannifin Corporation | 0.08 | 1.16 | 0.65 |
| Lockheed Martin Corporation | 0.14 | 1.14 | 2.92 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
General Dynamics's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| General Dynamics Corporation | Q1 2026 | +10.3 % | +13.2 % |
| Rtx Corporation | Q2 2026 | +14.5 % | +30.4 % |
| Eaton Corporation Plc | Q2 2026 | +21.4 % | -16.2 % |
| The Boeing Company | Q2 2026 | +8.0 % | - |
| Parker hannifin Corporation | Q2 2026 | +9.8 % | +18.2 % |
| Lockheed Martin Corporation | Q2 2026 | +10.5 % | +436.8 % |
| PEERS TOTAL | +9.7 % | -53.0 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
General Dynamics's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| General Dynamics Corporation | Q1 2026 | +13.1 % | +43.0 % |
| Rtx Corporation | Q2 2026 | +50.7 % | +11.5 % |
| Eaton Corporation Plc | Q2 2026 | +28.1 % | +25.2 % |
| The Boeing Company | Q2 2026 | +9.0 % | +71.7 % |
| Parker hannifin Corporation | Q2 2026 | +6.8 % | +32.2 % |
| Lockheed Martin Corporation | Q2 2026 | +1.1 % | -9.4 % |
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General Dynamics's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| General Dynamics Corporation | 7.52% | 13.52% | 17.41% |
| Rtx Corporation | 4.75% | 6.63% | 12.06% |
| Eaton Corporation Plc | 7.94% | 10.71% | 19.56% |
| The Boeing Company | 1.51% | 4.33% | 105.14% |
| Parker hannifin Corporation | 11.99% | 15.10% | 25.38% |
| Lockheed Martin Corporation | 10.40% | 14.74% | 86.24% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
General Dynamics's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| General Dynamics Corporation | 20.99 | 1.70 |
| Rtx Corporation | 32.98 | 2.74 |
| Eaton Corporation Plc | 43.98 | 5.60 |
| The Boeing Company | 67.05 | 1.55 |
| Parker hannifin Corporation | 34.06 | 5.78 |
| Lockheed Martin Corporation | 19.13 | 1.55 |
| PEERS AVERAGE | 33.11 | 2.14 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.