OakChart

General Dynamics Corp

GDIndustrials·Aerospace & Defense·USA·Large·NYSE·Nov 13 • 4:27 AM ET

361.54-1.53 (-0.42%)
2026-11-13 13:09 CET
Market cap
$97.70B
Revenue, TTM
56,520.00 USD m
Net income, TTM
4,657.00 USD m
Free cash flow, TTM
5,779.00 USD m
EPS diluted, TTM
17.01
Price / earnings
21.26
Compare

Price

GD against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 47Sales 14,768Price14,67514,726320.00340.00360.00380.00400.002.1M4.2MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26GDclose 361.5420-day 359.2550-day 349.15200-day 354.96361.5452w high 400.0052-week range, not 6 months

9.6% under the 52-week high of 400.00 on 29 Jul 2026. 52-week low 306.77 on 28 Apr 2026. Last 15 sessions, 10.8% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 47
CANSLIM 3 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); Performance: Year +50%
VCP 4 of 6 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; Average True Range: Under 2
Minervini 2 of 4 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; Performance: Year +50%
Zanger 2 of 5 — fails: Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5
Leaders 4 of 5 — fails: Performance: Year +50%
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 1 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 3 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1)
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 2 of 4 — fails: Dividend Yield: Over 2%; Payout Ratio: Low (<20%)
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

GD
52-week range, 59% of the way up
306.77400.00

General Dynamics Corp. is a global aerospace and defense company, which engages in design, engineering, and manufacturing to deliver solutions. It operates through the following business segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment includes the production of business jets, technology aircraft, repair, support and completion services. The Marine Systems segment involves the design and building of nuclear-powered submarines, surface combatant, and auxiliary ship design and construction. The Combat Systems segment focuses on manufacturing and integrating land combat solutions, wheeled and tracked combat vehicles, weapons systems, and munitions. The Technologies segment consists of services, technologies, and products for electronic hardware with its software. The company was founded on February 21, 1952 and is headquartered in Reston, VA.

IndexS&P 500, RUI
Employees117000
IPOApr 25, 1952
Beta0.30
ATR, 14d7.88
Rel volume0.00
Short float0.86%
Insider own0.65%
Inst own88.16%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap$97.70B
Enterprise Value102.34B
Income4.66B
Sales56.52B
Book / share101.00
Cash / share16.24
Dividend Est.6.30 (1.74%)
Dividend TTM6.27 (1.73%)
Dividend Ex-DateOct 09, 2026
Dividend Gr. 3/5Y5.98% 6.40%
Payout38.83%
Employees117000
IPOApr 25, 1952

Ratios

Price / earnings21.26
Forward price / earnings19.13
Price / earnings / growth1.90
Price / sales1.73
Price / book3.58
Price / cash22.26
Price / free cash flow16.91
Value / cash profit15.03
Value / sales1.81
Quick Ratio0.94
Current Ratio1.43
Debt / equity0.33
Long-term debt / equity0.29
Options and shortYes / Yes

Earnings

Earnings / share17.01
Earnings next year18.90
Earnings next quarter4.57
Earnings this year11.99%
Earnings next year9.24%
Earnings growth, 5 years10.06%
Past earnings growth8.24% 7.04%
Past sales growth10.07% 6.74%
Earnings vs last year10.46%
Sales vs last year9.73%
Earnings vs last quarter15.57%
Sales vs last quarter12.85%
EarningsOct 30 BMO
Surprise8.86% 6.18%

Ownership

Insiders own0.65%
Insider trades-12.33%
Institutions own88.16%
Institution trades-1.13%
Return on assets7.91%
Return on equity18.01%
Return on capital13.22%
Gross Margin15.42%
Operating margin10.37%
Profit Margin8.24%
20-day average0.64%
50-day average3.55%
200-day average1.85%

Technical

Shares out270.22M
Shares floating268.47M
Short / float0.86%
Short ratio1.90
Short interest2.30M
52-week high400.00 -9.6%
52-week low306.77 +17.9%
Volatility2.19% 2.14%
Average range7.88
Strength index54.37
Market sensitivity0.30
Relative volume0.00
Avg Volume1.21M
Volume51

Performance

Perf Week2.11%
Perf Month7.27%
Perf Quarter-7.57%
Perf Half Y8.08%
Perf YTD7.39%
Perf Year5.08%
Perf 3Y46.58%
Perf 5Y79.90%
Perf 10Y114.50%
Recommendation2.08
Target Price415.60
Prev Close363.07
Price361.54
Change %-0.42%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jun 11, 2026UpgradeJefferiesHold → Buy$400+10.6%
Apr 08, 2026DowngradeDeutsche BankBuy → Hold$387+7.0%
Apr 01, 2026InitiatedWells FargoOverweight$400+10.6%
Dec 16, 2025UpgradeMorgan StanleyEqual-Weight → Overweight$408+12.9%
Dec 12, 2025InitiatedCitigroupNeutral$371+2.6%
Nov 18, 2025InitiatedBNP Paribas ExaneOutperform$410+13.4%
Oct 27, 2025UpgradeVertical ResearchHold → Buy$400+10.6%
Sep 29, 2025UpgradeSeaport Research PartnersNeutral → Buy$376+4.0%
Jul 24, 2025UpgradeWolfe ResearchPeer Perform → Outperform$360-0.4%
Jul 08, 2025UpgradeDeutsche BankHold → Buy$342-5.4%

Peers

Mkt cap
TickerCompanyMkt cap
NOCNorthrop Grumman Corp78.01B
LMTLockheed Martin Corp140.34B
HIIHuntington Ingalls Industries Inc12.11B
LHXL3Harris Technologies Inc50.95B
RTXRTX Corp268.23B
TXTTextron Inc14.28B
BABoeing Co136.50B
GEGE Aerospace343.57B
TDGTransdigm Group Incorporated65.67B
LDOSLeidos Holdings Inc15.98B

Insider trading

latest 14 of 52
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
NOVAKOVIC PHEBE NChairman and CEONov 05 '26Sale361.4245,35316,391,398766,457Nov 09 04:01 PM
Gallopoulos Gregory SSenior VP, Gen. Counsel, Sec.Nov 03 '26Sale372.6612,9944,842,335111,270Nov 05 04:19 PM
NOVAKOVIC PHEBE NChairman and CEONov 03 '26Option Exercise168.56151,15025,477,844917,607Nov 05 04:15 PM
Aiken Jason WExecutive Vice PresidentNov 03 '26Option Exercise223.9314,6453,279,455199,122Nov 05 04:11 PM
NOVAKOVIC PHEBE NOfficerNov 05 '26Proposed Sale361.4245,35316,391,416Nov 05 03:22 PM
GREGORY S. GALLOPOULOSOfficerNov 03 '26Proposed Sale372.6612,9944,842,335Nov 03 04:36 PM
STEEL ROBERT KDirectorSep 23 '26Option Exercise211.597,4401,574,2125,866Sep 25 03:12 PM
STEEL ROBERT KDirectorSep 23 '26Sale346.057,4402,574,6203,096Sep 25 03:12 PM
STEEL ROBERT KDirectorSep 23 '26Proposed Sale346.057,4402,574,619Sep 23 12:17 PM
Longview Asset Management LLC10% OwnerSep 01 '26Proposed Sale382.023,396,3161,297,465,605Aug 28 07:52 PM
Smith Robert EdwardExecutive Vice PresidentAug 13 '26Option Exercise170.4644,4407,575,375119,446Aug 17 04:44 PM
Deep DannyPresidentAug 14 '26Option Exercise166.0133,6005,578,04665,315Aug 17 04:42 PM
Kuryea Kimberly ASenior Vice President & CFOAug 10 '26Option Exercise223.9328,3006,337,219115,381Aug 12 02:27 PM
Wall Peter ADirectorAug 10 '26Option Exercise223.931,990445,6215,959Aug 12 02:25 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VTVVanguard Morningstar Value ETFAUM: 198.14B
ITAiShares U.S. Aerospace & Defense ETFAUM: 12.46B
SHLDGlobal X Defense Tech ETFAUM: 6.13B
XLIState Street Industrial Select Sector SPDR ETFAUM: 31.31B
VIGVanguard Dividend Appreciation FTFAUM: 117.98B
PPAInvesco Aerospace & Defense ETFAUM: 7.61B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 4.490 beat 4.125, from 3.880 a year earlier. Sales 14,566 beat 13,718, from 12,907 a year earlier
EPS
4.49002024Q4 EPS 4.150 against 4.06824Q42025Q1 EPS 3.660 against 3.49525Q12025Q2 EPS 3.740 against 3.54725Q22025Q3 EPS 3.880 against 3.70025Q32025Q4 EPS 4.170 against 4.11425Q42026Q1 EPS 4.100 against 3.67526Q12026Q2 EPS 4.240 against 3.96426Q22026Q3 EPS 4.490 against 4.12526Q3
Sales, USD millions
14,56602024Q4 sales 13,338 against 12,80824Q42025Q1 sales 12,223 against 11,98125Q12025Q2 sales 13,041 against 12,38525Q22025Q3 sales 12,907 against 12,49525Q32025Q4 sales 14,379 against 13,80525Q42026Q1 sales 13,481 against 12,70126Q12026Q2 sales 14,094 against 13,52226Q22026Q3 sales 14,566 against 13,71826Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-30 08:304.4904.1254.49014,56613,718EPS +8.9% · sales +6.2%vs 2025Q3, year-ago quarter · EPS +15.7% · sales +12.9%21 EPS · 20 salesOpen +1.52% vs SPY -1.04%. Close +0.48% vs SPY -1.77%
2026Q2ended 2026-06-302026-07-29 08:304.2403.9644.24114,09413,522EPS +7.0% · sales +4.2%vs 2025Q2, year-ago quarter · EPS +13.4% · sales +8.1%21 EPS · 20 salesOpen +1.43% vs SPY -0.12%. Close -3.11% vs SPY -1.54%
2026Q1ended 2026-03-312026-04-29 08:304.1003.6754.10413,48112,701EPS +11.6% · sales +6.1%vs 2025Q1, year-ago quarter · EPS +12.0% · sales +10.3%21 EPS · 20 salesOpen +7.78% vs SPY -0.10%. Close +7.99% vs SPY -0.02%
2025Q4ended 2025-12-312026-01-28 08:304.1704.1144.17314,37913,805EPS +1.4% · sales +4.2%vs 2024Q4, year-ago quarter · EPS +0.5% · sales +7.8%20 EPS · 19 salesOpen -4.05% vs SPY +0.22%. Close -2.71% vs SPY -0.01%
2025Q3ended 2025-09-302025-10-24 08:303.8803.7003.88412,90712,495EPS +4.9% · sales +3.3%vs 2024Q3, year-ago quarter · EPS +15.8% · sales +10.6%18 EPS · 17 salesOpen +4.54% vs SPY +0.70%. Close +2.71% vs SPY +0.82%
2025Q2ended 2025-06-302025-07-23 08:303.7403.5473.74313,04112,385EPS +5.4% · sales +5.3%vs 2024Q2, year-ago quarter · EPS +14.7% · sales +8.9%20 EPS · 18 salesOpen +4.17% vs SPY +0.43%. Close +6.50% vs SPY +0.85%
2025Q1ended 2025-03-312025-04-23 08:303.6603.4953.65812,22311,981EPS +4.7% · sales +2.0%vs 2024Q1, year-ago quarter · EPS +27.1% · sales +13.9%22 EPS · 20 salesOpen -1.15% vs SPY +2.50%. Close -3.30% vs SPY +1.55%
2024Q4ended 2024-12-312025-01-29 08:304.1504.0684.14613,33812,808EPS +2.0% · sales +4.1%vs 2023Q4, year-ago quarter · EPS +14.0% · sales +14.3%22 EPS · 20 salesOpen -3.33% vs SPY -0.13%. Close -4.24% vs SPY -0.45%
2024Q3ended 2024-09-302024-10-23 08:303.3503.4893.34711,67111,678EPS -4.0% · sales -0.1%vs 2023Q3, year-ago quarter · EPS +10.2% · sales +10.4%22 EPS · 20 salesOpen -0.37% vs SPY -0.35%. Close -0.52% vs SPY -0.91%
2024Q2ended 2024-06-302024-07-24 08:303.2603.2773.25911,97611,463EPS -0.5% · sales +4.5%vs 2023Q2, year-ago quarter · EPS +20.7% · sales +18.0%21 EPS · 19 salesOpen -2.87% vs SPY -0.89%. Close -3.32% vs SPY -2.27%
2024Q1ended 2024-03-312024-04-24 08:302.8802.9142.88410,73110,299EPS -1.2% · sales +4.2%vs 2023Q1, year-ago quarter · EPS +9.1% · sales +8.6%20 EPS · 18 salesOpen -1.21% vs SPY +0.18%. Close -3.97% vs SPY -0.05%
2023Q4ended 2023-12-312024-01-24 08:303.6403.6783.64311,66811,391EPS -1.0% · sales +2.4%vs 2022Q4, year-ago quarter · EPS +1.7% · sales +7.5%20 EPS · 18 salesOpen +1.18% vs SPY +0.61%. Close +4.74% vs SPY +0.11%
2023Q3ended 2023-09-302023-10-25 08:303.0402.9143.04310,57110,049EPS +4.3% · sales +5.2%vs 2022Q3, year-ago quarter · EPS -6.7% · sales +6.0%21 EPS · 18 sales-
2023Q2ended 2023-06-302023-07-26 08:302.7002.5642.70510,1529,455EPS +5.3% · sales +7.4%vs 2022Q2, year-ago quarter · EPS -1.8% · sales +10.5%19 EPS · 16 sales-
2023Q1ended 2023-03-312023-04-26 08:302.6402.5862.6399,8819,303EPS +2.1% · sales +6.2%vs 2022Q1, year-ago quarter · EPS +1.1% · sales +5.2%21 EPS · 18 sales-
2022Q4ended 2022-12-312023-01-25 08:303.5803.5453.57910,85110,685EPS +1.0% · sales +1.6%vs 2021Q4, year-ago quarter · EPS +5.6% · sales +5.4%19 EPS · 17 sales-

Annual earnings

2025FY EPS 15.450 beat 15.399, from 13.630 a year earlier. Sales 52,550 beat 51,974, from 47,716 a year earlier
EPS
15.45002018FY EPS 11.220 against 11.14720182019FY EPS 11.980 against 11.91220192020FY EPS 11.000 against 11.05820202021FY EPS 11.550 against 11.52620212022FY EPS 12.190 against 12.16320222023FY EPS 12.020 against 12.11420232024FY EPS 13.630 against 13.57820242025FY EPS 15.450 against 15.3992025
Sales, USD millions
52,55002018FY sales 36,193 against 36,15320182019FY sales 39,350 against 39,22220192020FY sales 37,925 against 38,22820202021FY sales 38,469 against 38,85320212022FY sales 39,407 against 39,25120222023FY sales 42,272 against 42,03720232024FY sales 47,716 against 47,18820242025FY sales 52,550 against 51,9742025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-23.338--67,37315.49
2029FYestimate-21.849--64,72916.55
2028FYestimate-20.600--63,15717.55
2027FYestimate-18.900--59,87019.13
2026FYestimate-17.302--56,76620.90
2025FY15.45015.39915.45052,55051,97421.79
2024FY13.63013.57813.63047,71647,18819.33
2023FY12.02012.11412.02342,27242,03721.60
2022FY12.19012.16312.18739,40739,25120.35
2021FY11.55011.52611.54938,46938,85318.05
2020FY11.00011.05811.00037,92538,22813.53
2019FY11.98011.91211.97939,35039,22214.72
2018FY11.22011.14711.18036,19336,15314.01
2017FY9.9509.8369.56030,97331,11320.45
2016FY8.6409.7858.29030,56131,41319.98
2015FY9.0808.9589.08031,46931,85239.82
2014FY7.8307.7697.42030,85230,61346.17
2013FY7.0307.0236.67031,21831,10151.43
2012FY6.4806.946-0.94031,51332,22755.79
2011FY6.9407.2436.87032,67732,84652.10
2010FY6.8206.7576.81032,46632,81753.01

Quarterly results

2026Q3 revenue 14,566, from 12,907 a year earlier. Operating margin 10.5%, from 10.3% a year earlier
Revenue, USD millions
14,56602024Q4 revenue 13,33824Q42025Q1 revenue 12,22325Q12025Q2 revenue 13,04125Q22025Q3 revenue 12,90725Q32025Q4 revenue 14,37925Q42026Q1 revenue 13,48126Q12026Q2 revenue 14,09426Q22026Q3 revenue 14,56626Q3
Operating margin
10.702024Q4 operating margin 10.7%24Q42025Q1 operating margin 10.4%25Q12025Q2 operating margin 10.0%25Q22025Q3 operating margin 10.3%25Q32025Q4 operating margin 10.1%25Q42026Q1 operating margin 10.5%26Q12026Q2 operating margin 10.4%26Q22026Q3 operating margin 10.5%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 17.30 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-1017.30+0.0%
2026Q4Eper share2026-11-104.57-0.1%
2026FYRper share2026-11-1017.40+0.1%
2026Q4Rper share2026-11-104.60-0.1%
2026FYSUSD millions2026-11-1056,766+0.1%
2026Q4SUSD millions2026-11-1014,768+0.1%
2026Q3SUSD millions2026-10-2413,7180.0%
2026Q3Eper share2026-10-204.120.0%
2026Q3Rper share2026-10-204.140.0%
2026Q2Eper share2026-07-203.96+0.1%
2026Q2SUSD millions2026-07-2013,522+0.1%
2026Q2Rper share2026-07-183.940.0%
2026Q1Eper share2026-04-203.67+0.0%
2026Q1SUSD millions2026-04-2012,701+0.0%
2026Q1Rper share2026-04-163.70-0.3%
2025FYEper share2026-01-2315.400.0%
2025Q4Eper share2026-01-234.110.0%
2025FYSUSD millions2026-01-2351,9740.0%
2025Q4SUSD millions2026-01-2313,8050.0%
2025FYRper share2026-01-2115.440.0%
2025Q4Rper share2026-01-214.15-0.1%
2025Q3Eper share2025-10-193.70+0.2%
2025Q3SUSD millions2025-10-1912,495+0.1%
2025Q3Rper share2025-10-083.71+0.3%
2025Q2Eper share2025-07-183.550.0%
2025Q2Rper share2025-07-153.55+1.3%
2025Q2SUSD millions2025-07-1512,385+0.5%
2025Q1Eper share2025-04-183.500.0%
2025Q1Rper share2025-04-183.500.0%
2025Q1SUSD millions2025-04-1811,9810.0%
2024FYEper share2025-01-2713.580.0%
2024Q4Eper share2025-01-274.070.0%
2024FYRper share2025-01-2713.73+0.0%
2024Q4Rper share2025-01-274.27-0.4%
2024FYSUSD millions2025-01-2447,188+0.0%
2024Q4SUSD millions2025-01-2412,808+0.1%
2024Q3Eper share2024-10-213.480.0%
2024Q3Rper share2024-10-213.550.0%
2024Q3SUSD millions2024-10-1611,652-0.3%
2024Q2Eper share2024-07-243.28+0.1%
2024Q2Rper share2024-07-243.30-0.9%
2024Q2SUSD millions2024-07-2411,725+2.3%
2024Q1Eper share2024-04-232.91+0.3%
2024Q1SUSD millions2024-04-2310,299+0.4%
2024Q1Rper share2024-04-192.96-1.7%
2023FYEper share2024-01-1912.11-0.4%
2023FYRper share2024-01-1912.11-0.5%
2023FYSUSD millions2024-01-1942,037-0.2%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share9.5611.1811.97911.0011.54912.18712.02313.6315.45417.007-
Sales USD millions30,97336,19339,35037,92538,46939,40742,27247,71652,55056,520-
Shares million shares297289290286278274274270270-270
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share3.3474.1463.6583.7433.8844.1734.1044.2414.489
Sales USD millions11,67113,33812,22313,04112,90714,37913,48114,09414,566
Shares million shares275270268269270270270271270

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue56,520.0052,550.00+10.1%47,716.00+12.9%42,272.00+7.3%39,407.00+2.4%38,469.00+1.4%37,925.00-3.6%39,350.00+8.7%36,193.00
Cost of Goods Sold Incl. D&A47,804.0044,599.00+10.5%40,352.00+13.3%35,600.00+8.6%32,785.00+2.3%32,061.00+1.5%31,600.00-2.4%32,363.00+9.8%29,478.00
Gross Profit8,716.007,951.00+8.0%7,364.00+10.4%6,672.00+0.8%6,622.00+3.3%6,408.00+1.3%6,325.00-9.5%6,987.00+4.1%6,715.00
Selling, General and Administrative Excl. Other2,857.002,595.00+1.1%2,568.00+5.8%2,427.00+0.7%2,411.00+7.4%2,245.00+2.4%2,192.00-9.3%2,417.00+7.0%2,258.00
Research and Development-486.00-14.0%565.00+10.8%510.00+6.3%480.00+15.7%415.00+11.0%374.00-19.7%466.00-7.2%502.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income5,859.005,356.00+11.7%4,796.00+13.0%4,245.00+0.8%4,211.00+1.2%4,163.00+0.7%4,133.00-9.6%4,570.00+2.5%4,457.00
Interest Expense226.00402.00+2.3%393.00-1.5%399.00+2.0%391.00-9.3%431.00-11.9%489.00+3.6%472.00+26.2%374.00
Unusual Expense0.000.000.000.000.000.000.000.000.00
Net Income Before Taxes5,661.005,103.00+12.4%4,540.00+14.0%3,984.00-1.3%4,036.00+4.2%3,873.00+3.6%3,738.00-11.0%4,202.00+2.9%4,085.00
Income Taxes1,004.00893.00+17.8%758.00+13.3%669.00+3.6%646.00+4.9%616.00+7.9%571.00-20.5%718.00-1.2%727.00
Consolidated Net Income4,657.004,210.00+11.3%3,782.00+14.1%3,315.00-2.2%3,390.00+4.1%3,257.00+2.8%3,167.00-9.1%3,484.00+3.8%3,358.00
Net Income From Continuing Operations4,657.004,210.00+11.3%3,782.00+14.1%3,315.00-2.2%3,390.00+4.1%3,257.00+2.8%3,167.00-9.1%3,484.00+3.8%3,358.00
Net Income4,657.004,210.00+11.3%3,782.00+14.1%3,315.00-2.2%3,390.00+4.1%3,257.00+2.8%3,167.00-9.1%3,484.00+4.2%3,345.00
EPS (Recurring) per share17.0115.45+13.4%13.63+13.4%12.02-1.4%12.19+5.5%11.55+5.0%11.00-8.2%11.98+7.2%11.18
EPS (Basic, Before Extraordinaries) per share17.2415.65+13.3%13.81+13.8%12.14-1.4%12.31+6.0%11.61+5.2%11.04-8.7%12.09+6.7%11.33
EPS (Diluted) per share17.0115.45+13.4%13.63+13.4%12.02-1.4%12.19+5.5%11.55+5.0%11.00-8.2%11.98+7.2%11.18
EBITDA6,809.006,280.00+10.5%5,682.00+11.2%5,108.00+0.3%5,095.00+0.8%5,053.00+0.8%5,011.00-7.2%5,399.00+3.4%5,220.00
Non-Operating Income (Expense)28.00149.00+8.8%137.00-0.7%138.00-36.1%216.00+53.2%141.00+50.0%94.00-9.6%104.00+5100.0%2.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense175.54155.00+35.3%114.55-19.9%143.00+10.0%130.00+31.3%99.00-2.0%101.00-3.8%105.00-4.5%110.00
Price To Earnings Ratio ratio statement ratio, not the snapshot21.3521.3520.0621.7020.6618.0413.5214.7314.05
Price To Sales Ratio ratio1.601.751.531.691.751.531.131.301.30
Gross Margin %15.4215.1315.4315.7816.8016.6616.6817.7618.55
Operating Margin %10.3710.1910.0510.0410.6910.8210.9011.6112.31
Net Margin %8.248.017.937.848.608.478.358.859.24
Shares Outstanding million shares270.22270.39+0.0%270.34-1.2%273.60-0.3%274.41-1.2%277.62-3.1%286.48-1.1%289.61+0.3%288.70
Market Capitalization98,110.2398,110.23+35.4%72,451.58+2.2%70,863.16+4.0%68,118.35+17.0%58,209.62+36.3%42,707.17-16.3%51,019.11+9.6%46,557.74

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue14,566.00+12.9%14,094.00+8.1%13,481.00+10.3%14,379.00+7.8%12,907.00+10.6%13,041.00+8.9%12,223.00+13.9%13,338.00+14.3%
Cost of Goods Sold Incl. D&A12,317.00+12.6%11,911.00+7.4%11,338.00+9.8%12,238.00+8.8%10,939.00+11.0%11,092.00+9.0%10,330.00+13.9%11,253.00+15.5%
Gross Profit2,249.00+14.3%2,183.00+12.0%2,143.00+13.2%2,141.00+2.7%1,968.00+8.4%1,949.00+8.3%1,893.00+13.8%2,085.00+8.4%
Selling, General and Administrative Excl. Other722.00+13.3%723.00+12.3%723.00+15.7%689.00+4.1%637.00+0.3%644.000.0%625.00-0.3%662.00+4.3%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,527.00+14.7%1,460.00+11.9%1,420.00+12.0%1,452.00+2.0%1,331.00+12.7%1,305.00+12.9%1,268.00+22.4%1,423.00+10.5%
Interest Expense45.00-39.2%49.00-44.3%69.00-22.5%63.00-17.1%74.00-9.8%88.00+4.8%89.00+8.5%76.00-2.6%
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes1,486.00+16.8%1,407.00+14.2%1,369.00+14.1%1,399.00+2.3%1,272.00+14.2%1,232.00+13.0%1,200.00+24.0%1,368.00+11.5%
Income Taxes257.00+20.7%247.00+13.3%244.00+18.4%256.00+16.4%213.00+15.8%218.00+17.8%206.00+21.9%220.00-0.9%
Consolidated Net Income1,229.00+16.1%1,160.00+14.4%1,125.00+13.2%1,143.00-0.4%1,059.00+13.9%1,014.00+12.0%994.00+24.4%1,148.00+14.2%
Net Income From Continuing Operations1,229.00+16.1%1,160.00+14.4%1,125.00+13.2%1,143.00-0.4%1,059.00+13.9%1,014.00+12.0%994.00+24.4%1,148.00+14.2%
Net Income1,229.00+16.1%1,160.00+14.4%1,125.00+13.2%1,143.00-0.4%1,059.00+13.9%1,014.00+12.0%994.00+24.4%1,148.00+14.2%
EPS (Recurring) per share4.49+15.7%4.24+13.4%4.10+12.0%4.17+0.5%3.88+15.8%3.74+14.7%3.66+27.1%4.15+14.0%
EPS (Basic, Before Extraordinaries) per share4.55+15.8%4.29+13.5%4.16+12.7%4.23+0.7%3.93+15.9%3.78+14.5%3.69+26.4%4.20+14.1%
EPS (Diluted) per share4.49+15.7%4.24+13.4%4.10+12.0%4.17+0.5%3.88+15.8%3.74+14.7%3.66+27.1%4.15+14.0%
EBITDA1,762.00+13.2%1,691.00+10.7%1,652.00+10.8%1,704.00+2.5%1,557.00+11.3%1,528.00+12.4%1,491.00+20.9%1,663.00+10.1%
Non-Operating Income (Expense)4.00-73.3%-4.00-126.7%18.00-14.3%10.00-52.4%15.000.0%15.00-16.7%21.00+50.0%21.00+23.5%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense41.87+1.9%38.71+8.9%42.66+63.6%52.30+54.0%41.08+57.6%35.55+9.8%26.07+17.9%33.97-21.8%
Price To Earnings Ratio ratio statement ratio, not the snapshot21.3522.2722.2021.8222.9020.2419.9920.06
Price To Sales Ratio ratio1.601.861.781.751.751.571.491.53
Gross Margin %15.4415.4915.9014.8915.2514.9515.4915.63
Operating Margin %10.4810.3610.5310.1010.3110.0110.3710.67
Net Margin %8.448.238.357.958.207.788.138.61
Shares Outstanding million shares270.22+0.0%270.56+0.6%270.43+0.8%270.39+0.0%270.12-1.8%268.99-2.1%268.40-1.9%270.34-1.2%
Market Capitalization98,110.23+7.0%95,797.12+22.4%92,803.26+25.9%90,938.60+25.5%91,726.61+10.5%78,280.38-1.7%73,692.28-4.8%72,451.58+2.2%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments2,333.00+37.5%1,697.00-11.3%1,913.00+54.0%1,242.00-22.5%1,603.00-43.2%2,824.00+213.1%902.00-6.3%963.00-67.7%2,983.00
Short Term Receivables10,786.00-3.9%11,225.00+2.0%11,001.00-6.8%11,803.00+2.3%11,539.00+3.2%11,185.00-1.9%11,401.00+10.3%10,335.00+16.7%8,857.00
Inventories9,232.00-5.1%9,724.00+13.4%8,578.00+35.7%6,322.00+18.4%5,340.00-7.0%5,745.00-8.9%6,306.00+5.5%5,977.00+12.7%5,303.00
Other Current Assets1,897.00+9.0%1,740.00-18.0%2,123.00+25.2%1,696.00+12.7%1,505.00-15.9%1,789.00+6.6%1,679.00+83.7%914.00-22.9%1,185.00
Total Current Assets24,248.00-0.6%24,386.00+3.3%23,615.00+12.1%21,063.00+5.4%19,987.00-7.2%21,543.00+6.2%20,288.00+11.5%18,189.00-0.8%18,328.00
Net Property, Plant & Equipment7,525.00+16.4%6,467.00+4.3%6,198.00-13.5%7,163.00+7.3%6,674.00+3.8%6,428.00+8.8%5,907.00+35.9%4,348.00+23.6%3,517.00
Total Investments and Advances0.000.000.000.000.000.000.000.000.00
Intangible Assets22,384.00+1.4%22,076.00-0.7%22,242.00+0.4%22,158.00+0.4%22,076.00-0.4%22,170.00+0.8%21,992.00-0.8%22,179.00+75.8%12,616.00
Deferred Tax Assets19.000.0%19.00-32.1%28.00-28.2%39.00-4.9%41.00+10.8%37.00+12.1%33.00--
Other Assets3,073.00+4.8%2,932.00+7.5%2,727.00+134.7%1,162.00-10.3%1,295.00+14.6%1,130.00+0.1%1,129.00+63.2%692.00+18.3%585.00
Total Assets57,249.00+2.4%55,880.00+2.0%54,810.00+6.3%51,585.00+3.0%50,073.00-2.4%51,308.00+4.0%49,349.00+8.7%45,408.00+29.6%35,046.00
Short Term Debt Incl. Current Port. of LT Debt1,305.00-28.3%1,821.00+118.9%832.00-46.0%1,541.00+8.4%1,421.00-57.4%3,333.00+2.9%3,239.00+232.9%973.00+48550.0%2.00
Accounts Payable2,678.00-19.9%3,344.00+8.0%3,095.00-8.9%3,398.00+7.3%3,167.00+7.3%2,952.00-6.6%3,162.00-0.5%3,179.00-0.9%3,207.00
Other Current Liabilities12,813.00+1.2%12,659.00+1.2%12,505.00+20.2%10,402.00+10.8%9,390.00-3.0%9,679.00-6.9%10,400.00-1.8%10,587.00+7.0%9,890.00
Total Current Liabilities16,796.00-5.8%17,824.00+8.5%16,432.00+7.1%15,341.00+9.8%13,978.00-12.4%15,964.00-5.0%16,801.00+14.0%14,739.00+12.5%13,099.00
Long Term Debt8,484.00-4.2%8,855.00-13.6%10,251.00-3.0%10,573.00-12.6%12,091.00+6.1%11,399.00+8.1%10,548.00-7.8%11,444.00+187.5%3,980.00
Provision for Risks Charges1,134.00-44.0%2,024.00-8.8%2,219.00-9.5%2,453.00-12.8%2,813.00-45.7%5,182.00+0.2%5,172.00+17.0%4,422.00+0.3%4,408.00
Deferred Tax Liabilities956.00+66.8%573.00-12.5%655.00-4.4%685.00-21.1%868.00+88.3%461.00-21.6%588.00+1.9%577.00+136.5%244.00
Other Liabilities4,257.00-6.3%4,541.00+14.8%3,954.00-0.3%3,965.00+47.8%2,682.00+1.6%2,641.00+16.8%2,262.00-9.3%2,494.00+32.7%1,880.00
Total Liabilities31,627.00-6.5%33,817.00+0.9%33,511.00+1.5%33,017.00+1.8%32,432.00-9.0%35,647.00+0.8%35,371.00+5.0%33,676.00+42.6%23,611.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity25,622.00+16.1%22,063.00+3.6%21,299.00+14.7%18,568.00+5.3%17,641.00+12.6%15,661.00+12.0%13,978.00+19.1%11,732.00+2.6%11,435.00
Total Shareholders Equity25,622.00+16.1%22,063.00+3.6%21,299.00+14.7%18,568.00+5.3%17,641.00+12.6%15,661.00+12.0%13,978.00+19.1%11,732.00+2.6%11,435.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity25,622.00+16.1%22,063.00+3.6%21,299.00+14.7%18,568.00+5.3%17,641.00+12.6%15,661.00+12.0%13,978.00+19.1%11,732.00+2.6%11,435.00
Total Liabilities & Stockholders Equity57,249.00+2.4%55,880.00+2.0%54,810.00+6.3%51,585.00+3.0%50,073.00-2.4%51,308.00+4.0%49,349.00+8.7%45,408.00+29.6%35,046.00
Book Value Per Share per share94.76+16.1%81.61+4.8%77.85+15.1%67.66+6.5%63.54+16.2%54.67+13.3%48.26+18.8%40.64+5.5%38.52
Tangible Book Value Per Share per share11.98-0.05-3.45-13.08-15.98-22.72-27.67-36.19-3.98
Full-Time Employees people117,0000.0%117,000+4.8%111,600+4.8%106,500+3.3%103,100+2.4%100,700-2.1%102,900-2.6%105,600+7.1%98,600
Price to Book Ratio ratio3.593.153.553.863.282.723.763.875.25
Return on Assets %7.446.836.236.676.436.327.358.358.54
Return on Equity %17.6617.4416.6318.7219.5621.6627.1028.9926.79
Return on Invested Capital %12.3412.2310.5111.6310.9511.7014.2114.4318.89
Quick Ratio ratio0.890.820.920.961.050.990.830.830.99
Current Ratio ratio1.441.371.441.371.431.351.211.231.40

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income4,657.004,210.00+11.3%3,782.00+14.1%3,315.00-2.2%3,390.00+4.1%3,257.00+2.8%3,167.00-9.1%3,484.00+4.2%3,345.00
Depreciation950.00924.00+4.3%886.00+2.7%863.00-2.4%884.00-0.7%890.00+1.4%878.00+5.9%829.00+8.7%763.00
Other Funds (Non Cash)219.00196.00+7.1%183.00+1.1%181.00+9.7%165.00+31.0%126.00-1.6%128.00-3.8%133.00-13.1%153.00
Funds from Operations6,266.005,586.00+17.2%4,765.00+13.9%4,182.00-1.9%4,261.00+1.3%4,207.00+4.0%4,046.00-10.8%4,538.00+6.6%4,258.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital1,040.00-466.00-653.00-223.7%528.00+66.0%318.00+396.9%64.00-188.00-1,557.00-1,110.00
Income Taxes Payable--266.00-209.00-436.00----
Cash from Operating Activities7,306.005,120.00+24.5%4,112.00-12.7%4,710.00+2.9%4,579.00+7.2%4,271.00+10.7%3,858.00+29.4%2,981.00-5.3%3,148.00
Capital Expenditures-1,527.00-1,161.00-916.00-904.00-1,114.00-887.00-967.00-987.00-690.00
Net Assets From Acquisitions0.000.000.000.000.000.00-203.00-19.00-10,099.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00-100.0%171.00+1121.4%14.00-97.5%562.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-135.00-133.00-43.00-41.00-355.00-20.00-59.00-53.00-27.00
Other Sources-112.000.000.000.000.00-100.0%5.00-80.0%25.000.000.00
Cash from Investing Activities-1,774.00-1,294.00-959.00-945.00-1,469.00-902.00-1,033.00-1,045.00-10,254.00
Cash Dividends Paid-1,668.00-1,593.00-1,529.00-1,428.00-1,369.00-1,315.00-1,240.00-1,152.00-1,075.00
Change in Capital Stock-641.00-637.00-1,501.00-434.00-1,229.00-1,828.00-587.00-231.00-1,633.00
Repurchase of Common Pref Stock-641.00-637.00-1,501.00-434.00-1,229.00-1,828.00-587.00-231.00-1,769.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00-100.0%136.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,000.00-753.00-500.00-1,250.00-1,000.00-1,497.00-246.9%1,019.00-559.00-106.7%8,312.00
Change in Long Term Debt-1,000.00-753.00-500.00-1,250.00-1,000.00-1,497.00-246.9%1,019.00-559.00-106.7%8,312.00
Issuance of Long Term Debt0.00747.000.000.000.00-100.0%1,503.00-62.0%3,960.00+1260.8%291.00-96.5%8,312.00
Reduction of Long Term Debt-1,000.00-1,500.00-500.00-1,250.00-1,000.00-3,000.00-2,941.00-850.000.00
Net Financing Active Other Cash Flow-355.00-207.00-228.6%161.00+794.4%18.00-85.8%127.00+154.0%50.00-95.00-55.00-518.00
Other Financing Activities Uses-207.00-207.000.000.000.000.00-95.00-55.00-518.00
Cash from Financing Activities-3,664.00-3,190.00-3,369.00-3,094.00-3,471.00-4,590.00-903.00-1,997.00-139.3%5,086.00
Net Change in Cash1,868.00636.00-216.00-132.2%671.00-361.00-1,221.00-163.5%1,922.00-61.00-2,020.00
Free Cash Flow5,779.003,959.00+23.9%3,196.00-16.0%3,806.00+9.8%3,465.00+2.4%3,384.00+17.1%2,891.00+45.0%1,994.00-18.9%2,458.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio21.9838.7643.8630.1132.9328.4225.9560.9134.01
Deferred Taxes & Investment Tax Credit-256.00-86.00-177.00-178.00-66.00-127.00-238.0%92.00-3.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments4,388.00+74.1%4,333.00+184.5%3,654.00+194.2%2,333.00+37.5%2,520.00+19.9%1,523.00+11.8%1,242.00+19.9%1,697.00-11.3%
Short Term Receivables11,435.00-4.3%11,653.00-3.1%11,305.00-9.1%10,786.00-3.9%11,944.00-0.6%12,025.00+2.6%12,433.00+6.8%11,225.00+2.0%
Inventories9,124.00-7.0%9,097.00-8.0%9,177.00-6.5%9,232.00-5.1%9,813.00-3.2%9,889.00+2.1%9,816.00+2.4%9,724.00+13.4%
Other Current Assets1,926.00+22.3%1,955.00+20.0%1,919.00+18.0%1,897.00+9.0%1,575.00+6.1%1,629.00+5.5%1,626.00-15.7%1,740.00-18.0%
Total Current Assets26,873.00+3.9%27,038.00+7.9%26,055.00+3.7%24,248.00-0.6%25,852.00+0.4%25,066.00+3.1%25,117.00+3.8%24,386.00+3.3%
Net Property, Plant & Equipment7,853.00+18.9%7,575.00+15.5%7,503.00+16.1%7,525.00+16.4%6,602.00+4.4%6,556.00+4.5%6,461.00+4.3%6,467.00+4.3%
Total Investments and Advances0.000.000.000.000.000.000.000.00
Intangible Assets22,080.00-0.9%22,208.00-0.5%22,284.00+0.9%22,384.00+1.4%22,273.00-0.3%22,313.00+1.4%22,085.00+0.1%22,076.00-0.7%
Deferred Tax Assets24.00+26.3%19.00-96.4%18.00+5.9%19.000.0%19.00-32.1%535.00+1744.8%17.00-51.4%19.00-32.1%
Other Assets3,375.00+18.3%3,323.00+13.1%3,169.00+9.3%3,073.00+4.8%2,853.00-0.8%2,937.00+4.0%2,900.00+4.7%2,932.00+7.5%
Total Assets60,205.00+4.5%60,163.00+4.8%59,029.00+4.3%57,249.00+2.4%57,599.00+0.5%57,407.00+3.5%56,580.00+2.4%55,880.00+2.0%
Short Term Debt Incl. Current Port. of LT Debt1,090.00-17.4%1,586.00+4.2%2,062.00-22.7%1,305.00-28.3%1,319.00-43.4%1,522.00-34.2%2,667.00+220.9%1,821.00+118.9%
Accounts Payable3,166.00-8.5%2,874.00-6.6%2,843.00-15.3%2,678.00-19.9%3,459.00+5.1%3,078.00+3.7%3,357.00+4.8%3,344.00+8.0%
Other Current Liabilities14,570.00+6.5%14,305.00+3.8%13,920.00+9.3%12,813.00+1.2%13,686.00-1.8%13,779.00+6.2%12,736.00-0.2%12,659.00+1.2%
Total Current Liabilities18,826.00+2.0%18,765.00+2.1%18,825.00+0.3%16,796.00-5.8%18,464.00-5.6%18,379.00+0.7%18,760.00+11.7%17,824.00+8.5%
Long Term Debt7,940.00-7.2%7,893.00-13.2%7,770.00-12.1%8,484.00-4.2%8,557.00-3.2%9,097.00+3.3%8,840.00-13.6%8,855.00-13.6%
Provision for Risks Charges545.00-69.3%1,071.00-42.9%1,093.00-44.1%1,134.00-44.0%1,773.00-13.8%1,875.00-11.7%1,957.00-9.9%2,024.00-8.8%
Deferred Tax Liabilities1,297.00+68.2%1,329.001,244.00+134.7%956.00+66.8%771.00+32.7%-530.00-12.7%573.00-12.5%
Other Liabilities4,305.00+19.6%4,279.00-4.4%4,018.00-5.9%4,257.00-6.3%3,600.00+8.9%4,476.00+22.0%4,268.00+5.7%4,541.00+14.8%
Total Liabilities32,913.00-0.8%33,337.00-1.4%32,950.00-4.1%31,627.00-6.5%33,165.00-3.4%33,827.00+1.3%34,355.00+1.5%33,817.00+0.9%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity27,292.00+11.7%26,826.00+13.8%26,079.00+17.3%25,622.00+16.1%24,434.00+6.4%23,580.00+7.0%22,225.00+3.8%22,063.00+3.6%
Total Shareholders Equity27,292.00+11.7%26,826.00+13.8%26,079.00+17.3%25,622.00+16.1%24,434.00+6.4%23,580.00+7.0%22,225.00+3.8%22,063.00+3.6%
Accumulated Minority Interest0.000.000.000.000.000.000.000.00
Total Equity27,292.00+11.7%26,826.00+13.8%26,079.00+17.3%25,622.00+16.1%24,434.00+6.4%23,580.00+7.0%22,225.00+3.8%22,063.00+3.6%
Total Liabilities & Stockholders Equity60,205.00+4.5%60,163.00+4.8%59,029.00+4.3%57,249.00+2.4%57,599.00+0.5%57,407.00+3.5%56,580.00+2.4%55,880.00+2.0%
Book Value Per Share per share101.00+11.7%99.15+13.1%96.44+16.5%94.76+16.1%90.46+8.3%87.66+9.3%82.81+5.8%81.61+4.8%
Tangible Book Value Per Share per share19.29+141.1%17.07+262.4%14.03+2598.1%11.988.00+247.8%4.71+3825.0%0.52-0.05
Full-Time Employees people---117,0000.0%---117,000+4.8%
Price to Book Ratio ratio3.593.673.623.723.893.523.343.15
Return on Assets %7.917.637.517.447.347.247.116.83
Return on Equity %18.0117.8017.9717.6617.7817.9118.2317.44
Return on Invested Capital %3.493.343.323.353.213.103.203.71
Quick Ratio ratio0.940.960.900.890.870.830.820.82
Current Ratio ratio1.431.441.381.441.401.361.341.37

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income1,229.00+16.1%1,160.00+14.4%1,125.00+13.2%1,143.00-0.4%1,059.00+13.9%1,014.00+12.0%994.00+24.4%1,148.00+14.2%
Depreciation235.00+4.0%231.00+3.6%232.00+4.0%252.00+5.0%226.00+3.7%223.00+2.8%223.00+5.7%240.00+8.1%
Other Funds (Non Cash)62.00+8.8%67.00+21.8%40.00+17.6%50.00+8.7%57.00+14.0%55.00+3.8%34.000.0%46.00+2.2%
Funds from Operations1,496.00-6.0%1,537.00+22.7%1,683.00+41.2%1,550.00+6.5%1,591.00+34.7%1,253.00+11.5%1,192.00+18.6%1,455.00+16.1%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital214.00-58.7%343.00-0.6%472.0011.00-98.4%518.00+120.4%345.00-1,340.00705.00
Cash from Operating Activities1,710.00-18.9%1,880.00+17.6%2,155.001,561.00-27.7%2,109.00+48.9%1,598.00+96.3%-148.002,160.00+80.6%
Capital Expenditures-481.00-234.00-203.00-609.00-212.00-198.00-142.00-355.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.00
Other Uses-4.00-3.00-3.00-125.00-3.00-3.00-113.6%-2.00-13.00
Other Sources5.00-16.7%12.00-89.3%1.00-91.7%-130.006.00112.00+111.3%12.000.00
Cash from Investing Activities-480.00-225.00-205.00-864.00-209.00-89.00-132.00-368.00
Cash Dividends Paid-429.00-429.00-405.00-405.00-403.00-402.00-383.00-389.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-285.00-102.00-217.00-37.000.000.00-600.00-1,318.00
Repurchase of Common Pref Stock-285.00-102.00-217.00-37.000.000.00-600.00-1,318.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-500.00-500.000.00-100.0%0.00-696.00-897.00840.00-500.00
Change in Long Term Debt-500.00-500.000.000.000.00-3.00-750.00-500.00
Issuance of Long Term Debt0.000.00-100.0%0.000.000.00747.000.000.00
Reduction of Long Term Debt-500.00-500.000.000.000.00-750.00-750.00-500.00
Net Financing Active Other Cash Flow39.00-80.1%55.00-22.5%-7.00-442.00-4118.2%196.00+402.6%71.00+16.4%-32.00-164.0%11.00-81.0%
Other Financing Activities Uses0.007.00-78.1%-7.00-207.000.0032.00-32.000.00-100.0%
Cash from Financing Activities-1,175.00-976.00-629.00-884.00-903.00-1,228.00-175.00-2,196.00
Net Change in Cash55.00-94.5%679.00+141.6%1,321.00-187.00997.00+34.9%281.00-13.8%-455.00-404.00-172.0%
Free Cash Flow1,229.00-35.2%1,646.00+17.6%1,952.00952.00-47.3%1,897.00+56.1%1,400.00+128.4%-290.001,805.00+102.4%
Price to Free Cash Flow ratio21.9821.2620.8738.9727.8430.7040.8043.77

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20242025vs 20242025 share
Aircraft Manufacturing and Completions7,811.009,413.00+20.5%17.9%
Aircraft Services3,438.003,697.00+7.5%7.0%
C5ISR Solutions4,366.004,414.00+1.1%8.4%
Engineering and Other Services964.001,172.00+21.6%2.2%
Information Technology Services8,761.009,057.00+3.4%17.2%
Military vehicles5,101.004,970.00-2.6%9.5%
Nuclear - Powered Submarines10,392.0012,608.00+21.3%24.0%
Repair and Other Services1,132.001,183.00+4.5%2.3%
Surface ships2,819.002,932.00+4.0%5.6%
Weapons Systems and Munitions2,932.003,104.00+5.9%5.9%
Total47,716.0052,550.00+10.1%100.0%
Region
Name20242025vs 20242025 share
Asia Pacific1,546.002,001.00+29.4%3.8%
Europe3,161.003,540.00+12.0%6.7%
Other Africa Middle East1,680.002,015.00+19.9%3.8%
Other North America1,278.001,248.00-2.3%2.4%
South America292.00432.00+47.9%0.8%
United States39,759.0043,314.00+8.9%82.4%
Total47,716.0052,550.00+10.1%100.0%
Segment
Name20242025vs 20242025 share
Aerospace11,249.0013,110.00+16.5%24.9%
Combat Systems8,997.009,246.00+2.8%17.6%
Marine Systems14,343.0016,723.00+16.6%31.8%
Technologies13,127.0013,471.00+2.6%25.6%
Total47,716.0052,550.00+10.1%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.86%2.3M268.5M1.15M
2026-10-150.74%2.0M268.8M1.16M
2026-09-300.81%2.2M268.8M1.11M
2026-09-151.00%2.7M268.8M1.15M
2026-08-311.03%2.8M268.8M1.14M
2026-08-141.00%2.7M268.8M1.17M
2026-07-310.91%2.4M268.8M1.25M
2026-07-151.08%2.9M268.7M1.33M
2026-06-301.17%3.1M268.7M1.36M
2026-06-151.14%3.1M268.6M1.33M
2026-05-290.97%2.6M268.7M1.35M
2026-05-151.04%2.8M268.7M1.38M
2026-04-301.03%2.8M268.8M1.39M
2026-04-150.99%2.7M269.2M1.36M
2026-03-310.94%2.5M268.8M1.43M
2026-03-130.81%2.2M268.8M1.34M
2026-02-270.90%2.4M268.8M1.32M
2026-02-130.99%2.7M268.8M1.33M
2026-01-300.95%2.5M268.7M1.27M
2026-01-151.11%3.0M268.5M1.21M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call200160.9165.20.007.5030.000.000.984-2.6500.007
call205155.9160.20.007.3830.000.000.983-2.6340.007
call210150.9155.20.007.1160.000.000.982-2.6180.007
call215145.9150.20.006.8550.000.000.982-2.6010.008
call220140.9145.20.006.4620.000.000.981-2.5830.008
call225135.9140.20.006.2160.000.000.980-2.5650.008
call230130.9135.20.006.1160.000.000.980-2.5470.009
call235125.9130.20.005.7370.000.000.979-2.5260.009
call240120.9125.20.005.6240.000.000.978-2.5050.009
call245115.9120.20.005.3920.000.000.977-2.4840.009
call250111114.90.004.9910.000.000.976-2.4610.010
call255106109.90.004.7710.000.000.975-2.4370.010
call260101104.90.004.5550.000.000.974-2.4130.011
call26596.00100.20.004.4970.000.000.972-2.3860.011
call27090.9095.200.004.2910.000.000.971-2.3600.011
call27585.9090.200.004.0680.000.000.970-2.3300.012
call28080.9085.200.003.8660.000.000.968-2.3010.012
call28576.0080.200.003.6910.000.000.966-2.2670.013
call29071.0074.900.003.3230.000.000.964-2.2340.014
call29565.9070.200.003.2370.000.000.962-2.1960.014
call30061.0065.200.003.0340.000.000.960-2.1570.015
call30556.0060.200.002.8320.000.000.957-2.1150.016
call31051.0055.2065.952.6650.000.000.954-2.0690.017
call31545.9050.200.002.4310.000.000.950-2.0190.018
call32041.9044.9014.002.1341.000.000.945-1.9640.019
call322.538.5042.500.002.0680.000.000.943-1.9350.020
call32536.9039.909.801.9453.000.000.940-1.9040.021
call327.534.4037.4037.901.8391.001.000.937-1.8840.022
call33031.9034.900.001.7420.000.000.932-1.9070.023
call332.529.5032.400.001.6440.000.000.926-1.9230.024
call33527.0029.9028.591.5441.001.000.919-1.9340.026
call337.524.4027.400.001.4440.000.000.912-1.9400.028
call34021.3024.9014.421.3431.000.000.903-1.9350.030
call342.519.4022.400.001.2420.000.000.894-1.9270.032
call34517.0020.0020.391.1602.001.000.881-1.9310.035
call347.514.6017.5016.091.0557.007.000.867-1.9030.037
call35012.1015.1014.000.96710.002.000.848-1.8870.041
call352.59.8012.700.000.8730.000.000.824-1.8520.045
call3557.409.7014.050.66715.000.000.775-2.0000.052
call357.55.308.005.700.68321.003.000.707-2.2150.060
call3603.505.504.900.54542.000.000.638-2.0560.065
call362.51.504.703.260.6367.003.000.529-2.3710.069
call3650.301.951.770.4041024.000.410-1.8840.067
call367.50.203.201.400.5394.000.000.315-1.9060.062
call3700.051.450.310.57131.005.000.238-1.7570.054
call372.50.002.300.650.67726.009.000.225-2.1710.052
call3750.051.950.200.77628.004.000.191-2.1530.047
call377.50.003.300.300.86936.000.000.180-2.3620.046
call3800.000.150.270.4441440.000.105-1.0140.036
call382.50.001.500.100.6011611.000.063-0.9070.022
call3850.000.050.360.50028.000.000.019-0.2240.009
call387.50.004.900.050.6129.000.000.034-0.5880.013
call3900.001.401.400.66219.000.000.023-0.4260.010
call3950.000.200.300.7043.000.000.013-0.2260.006
call4000.005.000.550.8632.000.000.010-0.2400.005
call4050.004.900.000.9590.000.000.009-0.2450.004
call4100.004.900.001.0520.000.000.008-0.2500.004
call4150.004.900.001.1430.000.000.008-0.2540.004
call4200.004.900.001.2330.000.000.007-0.2590.003
call4250.004.900.001.3200.000.000.007-0.2620.003
call4300.004.900.001.4060.000.000.006-0.2660.003
call4350.004.900.001.4900.000.000.006-0.2690.003
call4400.004.900.001.5720.000.000.006-0.2720.003
call4450.004.900.001.6530.000.000.006-0.2750.003
call4500.004.900.001.7330.000.000.005-0.2780.003
call4550.004.900.001.8110.000.000.005-0.2800.003
call4600.004.900.001.8880.000.000.005-0.2820.002
call4650.004.900.001.9640.000.000.005-0.2850.002
call4700.004.900.002.0390.000.000.005-0.2870.002
call4800.004.900.002.1850.000.000.004-0.2910.002
call4900.004.900.002.3260.000.000.004-0.2950.002
call5000.004.900.002.4640.000.000.004-0.2980.002
call5100.004.900.002.5990.000.000.004-0.3010.002
put2000.004.900.006.2770.000.00-0.016-2.6460.007
put2050.004.900.006.0450.000.00-0.017-2.6300.007
put2100.004.900.005.8190.000.00-0.017-2.6130.007
put2150.004.900.005.5850.000.00-0.018-2.5850.008
put2200.004.900.005.3800.000.00-0.019-2.5780.008
put2250.004.900.005.1670.000.00-0.020-2.5590.008
put2300.004.900.004.9390.000.00-0.020-2.5180.009
put2350.004.900.004.7540.000.00-0.021-2.5190.009
put2400.004.900.004.5540.000.00-0.022-2.4970.009
put2450.004.900.004.3570.000.00-0.023-2.4750.009
put2500.004.900.004.1630.000.00-0.024-2.4520.010
put2550.004.900.003.9640.000.00-0.025-2.4170.010
put2600.004.900.003.7840.000.00-0.026-2.4020.011
put2650.004.900.003.5990.000.00-0.028-2.3760.011
put2700.004.900.003.4170.000.00-0.029-2.3480.011
put2750.004.900.003.2370.000.00-0.030-2.3180.012
put2800.004.900.003.0590.000.00-0.032-2.2870.012
put2850.004.900.002.8830.000.00-0.034-2.2540.013
put2900.004.900.002.7090.000.00-0.036-2.2190.014
put2950.004.900.002.5370.000.00-0.038-2.1820.014
put3000.004.900.002.3620.000.00-0.040-2.1330.015
put3050.004.900.002.1880.000.00-0.043-2.0820.016
put3100.003.401.182.0282.000.00-0.046-2.0530.017
put3150.003.400.701.85812.000.00-0.050-1.9950.018
put3200.003.401.951.6912.000.00-0.055-1.9400.019
put322.50.004.900.001.6070.000.00-0.057-1.9100.020
put3250.003.402.001.5233.000.00-0.060-1.8780.021
put327.50.003.400.001.4400.000.00-0.063-1.8660.022
put3300.003.400.201.3564.000.00-0.069-1.9070.023
put332.50.003.600.001.2720.000.00-0.076-1.9430.025
put3350.003.400.171.18812.000.00-0.081-1.9220.026
put337.50.003.600.351.1032.000.00-0.091-1.9970.029
put3400.002.000.150.78010.000.00-0.081-0.8620.039
put342.50.002.800.300.9321.000.00-0.112-2.0180.033
put3450.003.500.300.84515.000.00-0.119-1.9060.035
put347.50.003.500.150.7567.000.00-0.141-2.0200.039
put3500.002.501.210.6678.000.00-0.152-1.8650.041
put352.50.050.700.270.57410.000.00-0.177-1.8370.045
put3550.051.350.600.6167.000.00-0.225-1.9780.052
put357.50.051.7010.900.5642.000.00-0.296-2.2430.060
put3600.402.151.000.5058.000.00-0.362-2.0330.065
put362.51.103.201.590.5047.000.00-0.471-2.3480.069
put3651.954.702.640.5298.000.00-0.589-1.8610.067
put367.53.306.0015.090.48216.000.00-0.684-1.8850.062
put3705.408.0014.550.5069.000.00-0.761-1.7360.054
put372.58.2011.107.100.7231.000.00-0.775-2.1470.052
put37510.2013.1021.040.72443.000.00-0.808-2.1340.047
put377.513.3015.8010.540.86214.000.00-0.820-2.3470.045
put38015.2018.3011.200.94921.000.00-0.927-0.9180.024
put382.517.7020.800.001.0400.000.00-0.937-0.8850.021
put38520.2023.300.001.1240.000.00-0.965-0.5170.014
put387.522.7026.600.001.4020.000.00-0.965-0.5650.013
put39024.9029.100.001.4890.000.00-0.973-0.4790.011
put39529.9034.100.001.6580.000.00-0.983-0.3240.007
put40034.9039.100.001.8190.000.00-0.990-0.2120.005
put40540.2044.100.001.9750.000.00-0.991-0.2170.004
put41045.2049.100.002.1250.000.00-0.992-0.2220.004
put41550.2054.100.002.2710.000.00-0.992-0.2250.004
put42055.2059.100.002.4080.000.00-0.993-0.2290.003
put42560.2064.100.002.5500.000.00-0.993-0.2320.003
put43065.2069.100.002.6840.000.00-0.993-0.2350.003
put43570.1074.100.002.8150.000.00-0.994-0.2380.003
put44075.2079.100.002.9430.000.00-0.994-0.2400.003
put44580.2084.100.003.0680.000.00-0.994-0.2420.003
put45085.2089.100.003.1900.000.00-0.995-0.2450.003
put45590.2094.100.003.3100.000.00-0.995-0.2470.003
put46095.2098.400.003.1400.000.00-0.995-0.2490.002
put465100.2103.4102.113.2560.0010.00-0.995-0.2500.002
put470105.2108.4107.13.3640.0010.00-0.995-0.2520.002
put480115.2118.40.003.5730.000.00-0.996-0.2550.002
put490125.1129.10.004.0870.000.00-0.996-0.2570.002
put500135.2139.10.004.2920.000.00-0.996-0.2600.002
put510145.1149.10.004.4910.000.00-0.996-0.2620.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-12SCHEDULE 13G/ASEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-05144Filing for proposed sale of securities under Rule 144.SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-10-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-10-04SEC
2026-10-308-KCurrent report2026-10-30SEC
2026-10-088-KCurrent report2026-10-07SEC
2026-10-06SCHEDULE 13D/ASEC
2026-09-254Statement of changes in beneficial ownership of securities2026-09-23SEC
2026-09-23144Filing for proposed sale of securities under Rule 144.SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-16SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-044Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-08-28144Filing for proposed sale of securities under Rule 144.SEC
2026-08-28SCHEDULE 13D/ASEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-11SEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110021.23M2
2026-100000
2026-09002.57M1
2026-080022.94M3
2026-070016.32M1
2026-06002.00M1
2026-050025.04M2
2026-040000
2026-030017.93M4
2026-02001.52M1
2026-010000
2025-12006.82M1
2025-110033.99K1

Institutional holders

Manager% owned
LONGVIEW ASSET MANAGEMENT, LLC9.04%
BlackRock, Inc.7.14%
VANGUARD CAPITAL MANAGEMENT LLC6.16%
Newport Trust Company, LLC4.88%
STATE STREET CORP4.34%
BANK OF AMERICA CORP /DE/2.72%
VANGUARD PORTFOLIO MANAGEMENT LLC2.52%
GEODE CAPITAL MANAGEMENT, LLC2.32%
JPMORGAN CHASE & CO1.80%
FMR LLC1.79%

Funds

Fund% owned
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND9.22%
iShares iBoxx $ Investment Grade Corporate Bond ETF3.16%
Invesco BulletShares 2026 Corporate Bond ETF3.04%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.02%
Invesco BulletShares 2028 Corporate Bond ETF3.01%
Invesco BulletShares 2027 Corporate Bond ETF2.86%
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND2.63%
iShares iBonds Dec 2028 Term Corporate ETF2.58%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND2.50%
VANGUARD 500 INDEX FUND2.43%

OakChart. GD. Cached 15 minutes. Terms