PerpEquities

Equity · Industrials

General Dynamics (GD) perpetual futures

GD perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade GDUSDT.

General Dynamics is a global aerospace and defense company with four divisions: Aerospace, Marine Systems, Combat Systems, and Technologies, serving military and commercial customers worldwide.

$355.40-0.8%NYSE closed
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Collecting venue price data...
venue perp mark · Helix (Injective) (GD/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$23.4K
Open interest
$39.5KCoverage: 1/2 markets
Best liquidity
$8.1K
Gate.io
Tightest spread
+99.6 bps
Gate.io
Highest volume
$22K
Helix (Injective)
Settlement mix
USDT · 1/2
Perp/spot vol.
0.00x
Spot volume $957.2M
OI / float
0.00%
Float $90.4B
Spot performance
1D-0.81%
5D-1.35%
1M-8.55%
6M+2.10%
YTD+4.87%
1Y+9.42%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradeGD/USDCTrading$352.85+3.6% APR
+0.00042% every 1h
--$22K-USDC12x
Gate.ioTradeGD/USDTTrading$355.40+21.9% APR
+0.020% every 8h
+99.6 bps$8.1K$1.3K$39.5KUSDT25x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

Too thin: Gate.io

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$95.5B
Updated 3h ago
Revenue
$54.9B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+8.2%
P/E
21.2
Peer P/E 29.2
Free cash flow
$6.4B
Trailing 12 months
More metrics
Net income
$4.5B
Trailing 12 months
P/S
1.7
Peer P/E
29.2
Similar listed perps
Revenue estimate
$55.9B
Next fiscal year
Earnings
2026-10-28
Revenue est. $13.7B · Updated 3h ago
Dividend
$1.59
2026-10-09

Fundamental detail

Annual + quarterly
Latest revenue$52.6B
Net margin+8.0%
Free cash flow$4B
Net debt$7.5B
2020$37.9B
2021$38.5B
2022$39.4B
2023$42.3B
2024$47.7B
2025$52.6B
PeriodRevenueGrowthNet incomeFCF
2020$37.9B-4%$3.2B$2.9B
2021$38.5B+1%$3.3B$3.4B
2022$39.4B+2%$3.4B$3.5B
2023$42.3B+7%$3.3B$3.8B
2024$47.7B+13%$3.8B$3.2B
2025$52.6B+10%$4.2B$4B
PeriodGross marginOperating marginNet marginROEROA
2020+16.7%+10.9%+8.4%+20.2%+6.2%
2021+16.7%+10.8%+8.5%+18.5%+6.5%
2022+16.8%+10.7%+8.6%+18.3%+6.6%
2023+15.8%+10.0%+7.8%+15.6%+6.0%
2024+15.4%+10.1%+7.9%+17.1%+6.8%
2025+15.1%+10.2%+8.0%+16.4%+7.4%
PeriodCashDebtNet debtCurrent ratio
2020$2.8B$14.7B$11.9B1.35
2021$1.6B$13.2B$11.6B1.43
2022$1.2B$12.1B$10.9B1.37
2023$1.9B$11.1B$9.2B1.44
2024$1.7B$10.7B$9B1.37
2025$2.3B$9.8B$7.5B1.44
PeriodMarket capEnterprise valueP/SP/E
2020$42.7B$54.6B1.113.5
2021$58.5B$70B1.518.0
2022$68.3B$79.2B1.720.2
2023$70.9B$80.1B1.721.4
2024$73.1B$82.1B1.519.1
2025$90.9B$98.3B1.721.5
Q3 2024$11.7B
Q4 2024$13.3B
Q1 2025$12.2B
Q2 2025$13B
Q3 2025$12.9B
Q4 2025$14.4B
Q1 2026$13.5B
Q2 2026$14.1B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$11.7B+10%$930M$1.2B
Q4 2024$13.3B+14%$1.1B$1.8B
Q1 2025$12.2B+14%$994M-$290M
Q2 2025$13B+9%$1B$1.4B
Q3 2025$12.9B+11%$1.1B$1.9B
Q4 2025$14.4B+8%$1.1B$952M
Q1 2026$13.5B+10%$1.1B$2B
Q2 2026$14.1B+8%$1.2B$1.6B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+15.6%+10.1%+8.0%+4.0%+1.6%
Q4 2024+15.6%+10.7%+8.6%+5.2%+2.1%
Q1 2025+15.5%+10.4%+8.1%+4.5%+1.8%
Q2 2025+14.9%+10.0%+7.8%+4.3%+1.8%
Q3 2025+15.2%+10.3%+8.2%+4.3%+1.8%
Q4 2025+14.9%+10.1%+7.9%+4.5%+2.0%
Q1 2026+15.9%+10.5%+8.3%+4.3%+1.9%
Q2 2026+15.5%+10.4%+8.2%+4.3%+1.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.1B$11.2B$9.1B1.32
Q4 2024$1.7B$10.7B$9B1.37
Q1 2025$1.2B$11.5B$10.3B1.34
Q2 2025$1.5B$10.6B$9.1B1.36
Q3 2025$2.5B$9.9B$7.4B1.40
Q4 2025$2.3B$9.8B$7.5B1.44
Q1 2026$3.7B$8B$4.4B1.38
Q2 2026$4.3B$9.5B$5.1B1.44
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$82.9B$92B7.122.3
Q4 2024$72B$81B5.415.7
Q1 2025$73.3B$83.6B6.018.5
Q2 2025$78.2B$87.3B6.019.3
Q3 2025$89.3B$96.6B6.921.1
Q4 2025$90.9B$98.3B6.319.9
Q1 2026$94.9B$99.3B7.021.1
Q2 2026$101.8B$107B7.221.9

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$14.1BQ2 2026
$3.6B$7.2B$10.8B$14.4BQ3 2023: $10.6BQ4 2023: $11.7BQ1 2024: $10.7BQ2 2024: $12BQ3 2024: $11.7BQ4 2024: $13.3BQ1 2025: $12.2BQ2 2025: $13BQ3 2025: $12.9BQ4 2025: $14.4BQ1 2026: $13.5BQ2 2026: $14.1BQ3 2023Q2 2026
Net income$1.2BQ2 2026
$290M$580M$870M$1.2BQ3 2023: $836MQ4 2023: $1BQ1 2024: $799MQ2 2024: $905MQ3 2024: $930MQ4 2024: $1.1BQ1 2025: $994MQ2 2025: $1BQ3 2025: $1.1BQ4 2025: $1.1BQ1 2026: $1.1BQ2 2026: $1.2BQ3 2023Q2 2026
EBITDA$1.7BQ2 2026
$450M$900M$1.4B$1.8BQ3 2023: $1.3BQ4 2023: $1.6BQ1 2024: $1.3BQ2 2024: $1.4BQ3 2024: $1.4BQ4 2024: $1.8BQ1 2025: $1.5BQ2 2025: $1.5BQ3 2025: $1.6BQ4 2025: $1.5BQ1 2026: $1.7BQ2 2026: $1.7BQ3 2023Q2 2026
Free cash flow$1.6BQ2 2026
$160.3M$757.5M$1.4B$2BQ3 2023: $1.1BQ4 2023: $892MQ1 2024: -$437MQ2 2024: $613MQ3 2024: $1.2BQ4 2024: $1.8BQ1 2025: -$290MQ2 2025: $1.4BQ3 2025: $1.9BQ4 2025: $952MQ1 2026: $2BQ2 2026: $1.6BQ3 2023Q2 2026
EPS$4.25Q2 2026
$1.06$2.13$3.19$4.25Q3 2023: $3.04Q4 2023: $3.64Q1 2024: $2.88Q2 2024: $3.26Q3 2024: $3.35Q4 2024: $4.15Q1 2025: $3.66Q2 2025: $3.74Q3 2025: $3.89Q4 2025: $4.17Q1 2026: $4.1Q2 2026: $4.25Q3 2023Q2 2026
Cash / Debt$4.3BQ2 2026
$2.9B$5.8B$8.6B$11.5BQ3 2023 · Cash: $1.4BQ3 2023 · Debt: $11BQ4 2023 · Cash: $1.9BQ4 2023 · Debt: $11.1BQ1 2024 · Cash: $1BQ1 2024 · Debt: $11.1BQ2 2024 · Cash: $1.4BQ2 2024 · Debt: $11.1BQ3 2024 · Cash: $2.1BQ3 2024 · Debt: $11.2BQ4 2024 · Cash: $1.7BQ4 2024 · Debt: $10.7BQ1 2025 · Cash: $1.2BQ1 2025 · Debt: $11.5BQ2 2025 · Cash: $1.5BQ2 2025 · Debt: $10.6BQ3 2025 · Cash: $2.5BQ3 2025 · Debt: $9.9BQ4 2025 · Cash: $2.3BQ4 2025 · Debt: $9.8BQ1 2026 · Cash: $3.7BQ1 2026 · Debt: $8BQ2 2026 · Cash: $4.3BQ2 2026 · Debt: $9.5BQ3 2023Q2 2026
CashDebt
Profitability+15.5%Q2 2026
+4.1%+8.2%+12.4%+16.5%Q3 2023 · Gross margin: +15.7%Q4 2023 · Gross margin: +16.5%Q1 2024 · Gross margin: +15.5%Q2 2024 · Gross margin: +15.0%Q3 2024 · Gross margin: +15.6%Q4 2024 · Gross margin: +15.6%Q1 2025 · Gross margin: +15.5%Q2 2025 · Gross margin: +14.9%Q3 2025 · Gross margin: +15.2%Q4 2025 · Gross margin: +14.9%Q1 2026 · Gross margin: +15.9%Q2 2026 · Gross margin: +15.5%Q3 2023 · Operating margin: +10.0%Q4 2023 · Operating margin: +11.0%Q1 2024 · Operating margin: +9.7%Q2 2024 · Operating margin: +9.7%Q3 2024 · Operating margin: +10.1%Q4 2024 · Operating margin: +10.7%Q1 2025 · Operating margin: +10.4%Q2 2025 · Operating margin: +10.0%Q3 2025 · Operating margin: +10.3%Q4 2025 · Operating margin: +10.1%Q1 2026 · Operating margin: +10.5%Q2 2026 · Operating margin: +10.4%Q3 2023 · Net margin: +7.9%Q4 2023 · Net margin: +8.6%Q1 2024 · Net margin: +7.4%Q2 2024 · Net margin: +7.6%Q3 2024 · Net margin: +8.0%Q4 2024 · Net margin: +8.6%Q1 2025 · Net margin: +8.1%Q2 2025 · Net margin: +7.8%Q3 2025 · Net margin: +8.2%Q4 2025 · Net margin: +7.9%Q1 2026 · Net margin: +8.3%Q2 2026 · Net margin: +8.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+8.1%Q2 2026
+3.6%+7.2%+10.7%+14.3%Q3 2024: +10.4%Q4 2024: +14.3%Q1 2025: +13.9%Q2 2025: +8.9%Q3 2025: +10.6%Q4 2025: +7.8%Q1 2026: +10.3%Q2 2026: +8.1%Q3 2023Q2 2026
Shares outstanding273.8MQ2 2026
69.5M139M208.4M277.9MQ3 2023: 274.7MQ4 2023: 275.9MQ1 2024: 277MQ2 2024: 277.7MQ3 2024: 277.9MQ4 2024: 276.9MQ1 2025: 271.7MQ2 2025: 270.9MQ3 2025: 271.8MQ4 2025: 273.9MQ1 2026: 274.1MQ2 2026: 273.8MQ3 2023Q2 2026
Valuation21.9Q2 2026
6.212.518.725.0Q3 2023 · P/E: 18.2Q4 2023 · P/E: 17.6Q1 2024 · P/E: 25.0Q2 2024 · P/E: 21.8Q3 2024 · P/E: 22.3Q4 2024 · P/E: 15.7Q1 2025 · P/E: 18.5Q2 2025 · P/E: 19.3Q3 2025 · P/E: 21.1Q4 2025 · P/E: 19.9Q1 2026 · P/E: 21.1Q2 2026 · P/E: 21.9Q3 2023 · P/S: 5.7Q4 2023 · P/S: 6.1Q1 2024 · P/S: 7.4Q2 2024 · P/S: 6.6Q3 2024 · P/S: 7.1Q4 2024 · P/S: 5.4Q1 2025 · P/S: 6.0Q2 2025 · P/S: 6.0Q3 2025 · P/S: 6.9Q4 2025 · P/S: 6.3Q1 2026 · P/S: 7.0Q2 2026 · P/S: 7.2Q3 2023Q2 2026
P/EP/S
Revenue$52.6B2025
$13.1B$26.3B$39.4B$52.6B2018: $36.2B2019: $39.4B2020: $37.9B2021: $38.5B2022: $39.4B2023: $42.3B2024: $47.7B2025: $52.6B20182025
Net income$4.2B2025
$1.1B$2.1B$3.2B$4.2B2018: $3.3B2019: $3.5B2020: $3.2B2021: $3.3B2022: $3.4B2023: $3.3B2024: $3.8B2025: $4.2B20182025
EBITDA$6.1B2025
$1.5B$3B$4.6B$6.1B2018: $5.2B2019: $5.5B2020: $5.1B2021: $5.2B2022: $5.3B2023: $5.2B2024: $5.8B2025: $6.1B20182025
Free cash flow$4B2025
$989.8M$2B$3B$4B2018: $2.5B2019: $2B2020: $2.9B2021: $3.4B2022: $3.5B2023: $3.8B2024: $3.2B2025: $4B20182025
EPS$15.52025
$3.87$7.73$11.6$15.52018: $11.22019: $122020: $112021: $11.62022: $12.22023: $122024: $13.62025: $15.520182025
Cash / Debt$2.3B2025
$3.7B$7.4B$11B$14.7B2018 · Cash: $963M2018 · Debt: $12.4B2019 · Cash: $902M2019 · Debt: $13.4B2020 · Cash: $2.8B2020 · Debt: $14.7B2021 · Cash: $1.6B2021 · Debt: $13.2B2022 · Cash: $1.2B2022 · Debt: $12.1B2023 · Cash: $1.9B2023 · Debt: $11.1B2024 · Cash: $1.7B2024 · Debt: $10.7B2025 · Cash: $2.3B2025 · Debt: $9.8B20182025
CashDebt
Profitability+15.1%2025
+4.6%+9.2%+13.8%+18.4%2018 · Gross margin: +18.4%2019 · Gross margin: +17.8%2020 · Gross margin: +16.7%2021 · Gross margin: +16.7%2022 · Gross margin: +16.8%2023 · Gross margin: +15.8%2024 · Gross margin: +15.4%2025 · Gross margin: +15.1%2018 · Operating margin: +12.1%2019 · Operating margin: +11.6%2020 · Operating margin: +10.9%2021 · Operating margin: +10.8%2022 · Operating margin: +10.7%2023 · Operating margin: +10.0%2024 · Operating margin: +10.1%2025 · Operating margin: +10.2%2018 · Net margin: +9.2%2019 · Net margin: +8.9%2020 · Net margin: +8.4%2021 · Net margin: +8.5%2022 · Net margin: +8.6%2023 · Net margin: +7.8%2024 · Net margin: +7.9%2025 · Net margin: +8.0%20182025
Gross marginOperating marginNet margin
Revenue growth+10.1%2025
+0.5%+4.6%+8.8%+12.9%2019: +8.7%2020: -3.6%2021: +1.4%2022: +2.4%2023: +7.3%2024: +12.9%2025: +10.1%20182025
Shares outstanding273.9M2025
74.8M149.6M224.4M299.2M2018: 299.2M2019: 290.8M2020: 287.9M2021: 282M2022: 278.2M2023: 275.7M2024: 277.5M2025: 273.9M20182025
Valuation21.52025
5.410.816.121.52018 · P/E: 13.92019 · P/E: 14.62020 · P/E: 13.52021 · P/E: 18.02022 · P/E: 20.22023 · P/E: 21.42024 · P/E: 19.12025 · P/E: 21.52018 · P/S: 1.32019 · P/S: 1.32020 · P/S: 1.12021 · P/S: 1.52022 · P/S: 1.72023 · P/S: 1.72024 · P/S: 1.52025 · P/S: 1.720182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-28
Revenue est. $13.7B · Updated 3h ago
Dividend
$1.59
2026-10-09

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202616.98$55.9B+6%15
FY 202718.59$58.7B+12%16
FY 202820.08$61.3B+17%16
FY 202921.70$63.5B+21%13
FY 203022.15$65.8B+25%13
Q2 20274.31$14B-1%5

Company events

6
2026-10-28EarningsActual - / Estimate 4.14-
2026-10-09Dividend$1.59-
2026-07-29EarningsActual 4.24 / Estimate 3.96Beat
2026-07-02Dividend$1.59-
2026-04-29EarningsActual 4.1 / Estimate 3.67Beat
2026-04-10Dividend$1.59-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering GD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings98311
Analysts2127
Buy / hold / sell45 / 52 / 1183 / 125 / 3
Upgrades / downgrades / initiations3 / 2 / 38 / 15 / 7
Price targets hit / missed3 / 80 (4%)192 / 85 (69%)
Avg. return after a rating (TipRanks)-9.1%+8.7%
Best / worst call+13.7% / -23.5%+51.5% / -23.5%

After buy calls on this stock: median 21-day move +1.7% vs S&P 500 -1.3% (n = 185)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Gautam KhannaTD Cowen100% hit rate on this stock · 10 targets measuredBuytarget $420Jul 30, 2026
  2. David E. StraussWells Fargo93% hit rate on this stock · 15 targets measuredBuytarget $440Aug 4, 2026
  3. Charles MinervinoSusquehanna89% hit rate on this stock · 9 targets measuredBuytarget $455Jul 30, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Ronald EpsteinBank of America SecuritiesBuyMaintained
Sep 14, 2026Ronald EpsteinBank of America SecuritiesBuyMaintained
Sep 9, 2026Gavin ParsonsUBSHoldReiterated$408
Sep 8, 2026Gavin ParsonsUBSHoldMaintained$408
Aug 31, 2026Andre MadridBTIGHoldMaintained
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$340$360$380$400$420Oct 25 · Buy 11 · Hold 8 · Sell 0Oct 25Nov 25 · Buy 11 · Hold 8 · Sell 0Dec 25 · Buy 12 · Hold 8 · Sell 0Dec 25Jan 26 · Buy 9 · Hold 8 · Sell 0Feb 26 · Buy 9 · Hold 8 · Sell 0Feb 26Mar 26 · Buy 9 · Hold 8 · Sell 0Apr 26 · Buy 8 · Hold 8 · Sell 0Apr 26May 26 · Buy 8 · Hold 8 · Sell 1Jun 26 · Buy 9 · Hold 7 · Sell 1Jun 26Jul 26 · Buy 9 · Hold 8 · Sell 1Aug 26 · Buy 9 · Hold 8 · Sell 1Aug 26Sep 26 · Buy 9 · Hold 8 · Sell 1Oct 25 · avg. target $377Nov 25 · avg. target $379Dec 25 · avg. target $382Jan 26 · avg. target $398Feb 26 · avg. target $400Mar 26 · avg. target $399Apr 26 · avg. target $400May 26 · avg. target $392Jun 26 · avg. target $393Jul 26 · avg. target $411Aug 26 · avg. target $415Sep 26 · avg. target $415Oct 25 · month-end close $345Nov 25 · month-end close $342Dec 25 · month-end close $337Jan 26 · month-end close $351Feb 26 · month-end close $357Mar 26 · month-end close $343Apr 26 · month-end close $344May 26 · month-end close $347Jun 26 · month-end close $354Jul 26 · month-end close $383Aug 26 · month-end close $371Sep 26 · month-end close $356

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 98 ratings

Frequently asked questions

Where can I trade GD perpetual futures?

General Dynamics (GD) perpetual futures trade on 2 crypto venues, including Helix (Injective), Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade GD around the clock?

Yes. Unlike the underlying stock, GD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on GD perpetuals?

Right now the GD perp funding rate is +12.8% annualized (venue median), ranging from +3.6% to +21.9% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the GD perp price compare to the General Dynamics stock?

The venue-median GD perp mark is $354.1 versus a reference stock price of $355.4, a basis of -0.4%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a GD perpetual future?

A GD perpetual is a derivative that tracks the price of General Dynamics with no expiry date. It lets you take long or short exposure to General Dynamics on crypto venues, around the clock.

What is GDUSDT perpetual?

GDUSDT is the symbol most crypto exchanges use for the General Dynamics perpetual settled in USDT (Tether). It tracks the GD share price through an index, trades 24/7 with leverage and never expires.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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