General Dynamics (GD)财务
NYSE · Industrials · Aerospace & Defense · 员工117,000人 · CEO Phebe N. Novakovic
- 股价
- $372.59 +0.48%
- 市值
- $1010亿
- 企业价值
- $1050亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-01-27 EPS预期 $4.51
营收(TTM)$565亿+9.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)10.4%0.0 百分点 对比去年同期营业利润 $58.6亿
净利润(TTM)$46.6亿+10.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$57.8亿+20.1% 对比去年同期资本支出 $15.3亿
稀释EPS(TTM)$17.01+10.2% 对比去年同期最近4个季度之和
净现金-$46.4亿+36.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1010亿 EV $1050亿
- 营收
- $565亿 过去12个月
- 营收增速
- +7% FY2026年一致预期
- 净利润率
- 8.2% 净利润 / 营收,TTM
- P/E
- 21.6× 预期 21.8×(FY2026)
- P/S
- 1.8× 股价 / 营收,TTM
- EV / EBITDA
- 15.3× TTM
- 自由现金流
- $57.8亿 过去12个月
- 净利润
- $46.6亿 过去12个月
- 营收预期
- $562亿 FY2026年一致预期
- 盈利
- 2027-01-27 营收预期 $148亿
- 股息
- $6.27 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-30):营收超预期6.2%,EPS 超预期9.0%营收$146亿,预期$137亿(+6.2%);EPS $4.49,预期$4.12(+9.0%)。
- 营收增长加速:同比12.9%Q3 '26营收$146亿,此前四个季度的平均值为9.2%。
- 营业利润率10.4%(TTM),较去年同期0.0 百分点营收增长9.7%,营业利润增长10.0%。
- 资本支出占营收的2.7%(去年为1.8%)最近4个季度投入$15.3亿(同比+68.4%)。自由现金流$57.8亿,相当于净利润的124.1%。
- 股东回报$29.1亿 = 自由现金流的50.3%回购$12.4亿(去年为$19.2亿),股息$16.7亿,股权激励$2.19亿(TTM)。
- 稀释股数一年内增加0.7%Q3 '26稀释股数2.74亿,一年前为2.72亿。
- 净债务 $46.4亿现金 + 短期投资 $43.9亿,含租赁债务 $90.3亿;一年前净债务 $73.6亿。
- Marine Systems:营收+21.1%,利润率7.9%(此前为7.1%)Q3 '26增长最快的披露分部:营收$49.6亿,营业利润$3.91亿(来自财报的分部附注)。
上一季度:Q3 '26
截至2026-10-04的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $146亿 | $129亿 | +12.9% |
| 毛利率 | 15.4% | 15.2% | +0.2 百分点 |
| 营业利润 | $15.3亿 | $13.3亿 | +14.7% |
| 营业利润率 | 10.5% | 10.3% | +0.2 百分点 |
| 净利润 | $12.3亿 | $10.6亿 | +16.1% |
| 稀释EPS | $4.49 | $3.89 | +15.4% |
| 经营现金流 | $17.1亿 | $21.1亿 | -18.9% |
| 资本支出 | $4.81亿 | $2.12亿 | +126.9% |
| 自由现金流 | $12.3亿 | $19亿 | -35.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $6200万 | $5700万 | +8.8% |
实际 vs 一致预期
2026-10-30| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $146亿 | $137亿 | +6.2% |
| EPS(一致预期口径) | $4.49 | $4.12 | +9.0% |
来自2026-10-30发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Marine Systems | $49.6亿 | +21.1% | 34.1% | $188亿 | +18.4% | |
| Aerospace | $35.4亿 | +9.3% | 24.3% | $141亿 | +8.1% | |
| Technologies | $36.8亿 | +10.8% | 25.3% | $141亿 | +4.8% | |
| Combat Systems | $23.9亿 | +6.0% | 16.4% | $94.9亿 | +4.3% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Marine Systems | $49.6亿 | +21.1% | $3.91亿 | +34.4% | 7.9% | 7.1% | $13.9亿 |
| Technologies | $36.8亿 | +10.8% | $3.46亿 | +5.8% | 9.4% | 9.8% | $13.1亿 |
| Aerospace | $35.4亿 | +9.3% | $5.13亿 | +19.3% | 14.5% | 13.3% | $20亿 |
| Combat Systems | $23.9亿 | +6.0% | $3.3亿 | -1.5% | 13.8% | 14.9% | $13.4亿 |
| Corporate (unallocated) | – | – | -$5300万 | -1.9% | – | – | -$1.85亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $73.1亿
- 资本支出
- -$15.3亿
- 股票回购
- -$12.4亿
- 股息
- -$16.7亿
- 收购
- $0
- 债务净发行
- -$10亿
- 股权激励费用
- $2.19亿
- 自由现金流
- $57.8亿
- 股东回报 / FCF
- 50.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 21.6× | 20.0× | 18.0× – 21.5× |
| EV / EBITDA | 15.3× | 14.7× | 13.5× – 15.5× |
| EV / 营收 | 1.9× | 1.9× | 1.7× – 2.0× |
| 股价 / FCF | 17.4× | 20.3× | 17.3× – 23.0× |
| 股价 / 净资产 | 3.7× | 3.4× | 3.3× – 3.7× |
| FCF收益率 | 5.7% | 5.0% | 4.4% – 5.8% |
| 投入资本回报率 | 11.3% | 9.7% | 9.0% – 10.6% |
| 净资产收益率 | 17.6% | 17.2% | 15.6% – 18.5% |
分析师
一致目标价 $407.43 (+9.4%)
区间 $360.00 – $465.00 · 评级 Buy
强烈买入0
买入20
持有14
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $562亿 | +6.9% | $17.09 | +10.5% | 21.8× | 6 |
| FY2027 | $590亿 | +5.1% | $18.69 | +9.4% | 19.9× | 14 |
| FY2028 | $618亿 | +4.7% | $20.24 | +8.3% | 18.4× | 13 |
| FY2029 | $635亿 | +2.8% | $21.61 | +6.8% | 17.2× | 10 |
| FY2030 | $658亿 | +3.6% | $22.45 | +3.9% | 16.6× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
General Dynamics Corporation在近期10-Q / 10-K文件中标记的全部271项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $31.7亿 | $34.6亿 | -8.5% | $26.8亿 | $33.4亿 | -19.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $25.3亿 | $33亿 | -23.4% | $24.1亿 | $29.8亿 | -19.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $79.4亿 | $74.5亿 | +6.6% | $76.1亿 | $71亿 | +7.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$7.32亿 | -$8.6亿 | +14.9% | -$4.83亿 | -$15.2亿 | +68.2% |
| Additional Paid in Capital | $46.5亿 | $43.2亿 | +7.5% | $44亿 | $40.6亿 | +8.4% |
| Amortization of Intangible Assets | $4300万 | $4400万 | -2.3% | $1.74亿 | $1.8亿 | -3.3% |
| Assets | $602亿 | $572亿 | +5.2% | $572亿 | $559亿 | +2.4% |
| Assets, Current | $269亿 | $259亿 | +3.9% | $242亿 | $244亿 | -0.6% |
| Assets, Noncurrent | $333亿 | $317亿 | +5.0% | $330亿 | $315亿 | +4.8% |
| Buildings and Improvements, Gross | $57.6亿2025-12-31 | $48.9亿 | +17.9% | $57.6亿 | $48.9亿 | +17.9% |
| Cash and Cash Equivalents, at Carrying Value | $43.9亿 | $25.2亿 | +74.1% | $23.3亿 | $17亿 | +37.5% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | -$400万 | -$300万 | -33.3% | -$200万2010-12-31 | -$1500万 | +86.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $36.5亿2026-04-05 | $12.4亿 | +194.2% | $23.3亿 | $17亿 | +37.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $43.9亿 | $25.2亿 | +74.1% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5500万 | $9.97亿 | -94.5% | $6.36亿 | -$2.16亿 | +394.4% |
| Common Stock, Dividends, Per Share, Declared | $1.59 | $1.50 | +6.0% | – | – | – |
| Common Stock, Par or Stated Value Per Share | $1.002025-12-31 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 5亿2025-12-31 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares Held in Employee Trust, Shares | 1400万2025-12-31 | 1500万 | -6.7% | 1400万 | 1500万 | -6.7% |
| Common Stock, Shares, Issued | 4.82亿2025-12-31 | 4.82亿 | 0.0% | 4.82亿 | 4.82亿 | 0.0% |
| Common Stock, Shares, Outstanding | 2.7亿2025-12-31 | 2.7亿 | 0.0% | 2.7亿 | 2.7亿 | 0.0% |
| Common Stock, Value, Issued | $4.82亿 | $4.82亿 | 0.0% | $4.82亿 | $4.82亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $10.8亿 | $9.94亿 | +8.7% | $52.5亿 | $34.2亿 | +53.2% |
| Construction in Progress, Gross | $14.6亿2025-12-31 | $11.7亿 | +24.6% | $14.6亿 | $11.7亿 | +24.6% |
| Contract with Customer, Liability, Current | $111亿 | $105亿 | +5.9% | $98.2亿 | $94.9亿 | +3.5% |
| Contract with Customer, Liability, Noncurrent | $26.2亿 | $20.6亿 | +27.3% | $26.5亿 | $30亿 | -11.6% |
| Contract with Customer, Liability, Revenue Recognized | $18亿 | $18亿 | 0.0% | $80亿 | $58亿 | +37.9% |
| Costs and Expenses | $130亿 | $116亿 | +12.6% | $472亿 | $429亿 | +10.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3.57亿 | $6.22亿 | -42.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2.77亿 | $1.9亿 | +45.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.37亿 | $8.44亿 | -24.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $300万 | $3200万 | -90.6% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $5400万 | $6400万 | -15.6% | $6100万 | $6400万 | -4.7% |
| Debt Securities, Trading, and Equity Securities, FV-NI | $02025-12-31 | $0 | – | $0 | $0 | – |
| Debt, Current | $7.56亿 | $10.1亿 | -24.9% | $10.1亿 | $15亿 | -33.0% |
| Debt, Long-term and Short-term, Combined Amount | $70.7亿 | $80.8亿 | -12.5% | $80.7亿 | $88.3亿 | -8.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $2.82亿 | -$9000万 | +413.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$4200万 | $800万 | -625.0% |
| Deferred Income Tax Assets, Net | $2400万 | $1900万 | +26.3% | $1900万 | $1900万 | 0.0% |
| Deferred Income Tax Expense (Benefit) | -$3000万 | $2.49亿 | -112.0% | $2.56亿 | -$8600万 | +397.7% |
| Deferred Income Tax Liabilities, Net | $13亿 | $7.71亿 | +68.2% | $9.56亿 | $5.73亿 | +66.8% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1600万 | -$400万 | +500.0% |
| Deferred Tax Assets, Gross | $21.7亿2025-12-31 | $26亿 | -16.6% | $21.7亿 | $26亿 | -16.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $20.1亿2025-12-31 | $24.4亿 | -17.3% | $20.1亿 | $24.4亿 | -17.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $6.63亿2025-12-31 | $6.3亿 | +5.2% | $6.63亿 | $6.3亿 | +5.2% |
| Deferred Tax Assets, Other | $3.85亿2025-12-31 | $3.83亿 | +0.5% | $3.85亿 | $3.83亿 | +0.5% |
| Deferred Tax Assets, Other Comprehensive Loss | $3.59亿2025-12-31 | $4.46亿 | -19.5% | $3.59亿 | $4.46亿 | -19.5% |
| Deferred Tax Assets, Tax Credit Carryforwards | $3.84亿2025-12-31 | $1.85亿 | +107.6% | $3.84亿 | $1.85亿 | +107.6% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $1.15亿2025-12-31 | $2.51亿 | -54.2% | $1.15亿 | $2.51亿 | -54.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $2.15亿2025-12-31 | $2.23亿 | -3.6% | $2.15亿 | $2.23亿 | -3.6% |
| Deferred Tax Assets, Valuation Allowance | $1.58亿2025-12-31 | $1.69亿 | -6.5% | $1.58亿 | $1.69亿 | -6.5% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $10.6亿2025-12-31 | $10.6亿 | -0.6% | $10.6亿 | $10.6亿 | -0.6% |
| Deferred Tax Liabilities, Gross | $29.5亿2025-12-31 | $29.9亿 | -1.3% | $29.5亿 | $29.9亿 | -1.3% |
| Deferred Tax Liabilities, Net | $12.7亿 | $7.52亿 | +69.3% | $9.37亿 | $5.54亿 | +69.1% |
| Deferred Tax Liabilities, Other | $3.15亿2025-12-31 | $3.15亿 | 0.0% | $3.15亿 | $3.15亿 | 0.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $4.5亿2025-12-31 | $4.47亿 | +0.7% | $4.5亿 | $4.47亿 | +0.7% |
| Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $115亿2025-12-31 | $115亿 | +0.6% | $115亿 | $115亿 | +0.6% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets | $106亿2025-12-31 | $96.6亿 | +9.8% | $106亿 | $96.6亿 | +9.8% |
| Defined Contribution Plan, Cost | – | – | – | $5.6亿 | $5.17亿 | +8.3% |
| Depreciation | $1.77亿 | $1.65亿 | +7.3% | $6.8亿 | $6.44亿 | +5.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-10-04, 10-Q 2026-07-05, 10-Q 2026-04-05, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29
数据截至 2026-11-01