General Dynamics (FRA:GDX) EBIT: €4,859 Mil (TTM As of Mar. 2026)


FRA:GDX General Dynamics Corp FRA:GDX
85 GF Score
Price €307.60
GF Value €300.26
Valuation Fairly Valued
! 8 Warning Signs
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What is General Dynamics EBIT?

General Dynamics FRA:GDX +0.72% 85 EBIT is €4,859 Mil as of Mar. 2026. GuruFocus rates FRA:GDX with a GF Score™ of 85/100 and a GF Value™ of €300.26 (Fairly Valued). The stock has 8 warning signs investors should review.

General Dynamics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €1,244 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €4,859 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. General Dynamics's annualized ROC % for the quarter that ended in Mar. 2026 was 9.23%. General Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 77.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. General Dynamics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.57%.


General Dynamics  (FRA:GDX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

General Dynamics's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4913.2 * ( 1 - 17.82% )/( (43302.924 + 44144.41)/ 2 )
=4037.66776/43723.667
=9.23 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=48890.646 - 3595.34 - ( 1992.382 - max(0, 14343.784 - 20707.792+1992.382))
=43302.924

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=51060.085 - 3754.965 - ( 3160.71 - max(0, 16283.625 - 22537.575+3160.71))
=44144.41

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

General Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4975.48/( ( (6426.35 + max(-1670.424, 0)) + (6490.095 + max(-2952.245, 0)) )/ 2 )
=4975.48/( ( 6426.35 + 6490.095 )/ 2 )
=4975.48/6458.2225
=77.04 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2054.724 + 7884.128 + 1620.038) - (3595.34 + 8389.696 + 1244.278)
=-1670.424

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1949.71 + 7938.105 + 1659.935) - (3754.965 + 9382.655 + 1362.375)
=-2952.245

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

General Dynamics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4858.802/87260.949
=5.57 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


General Dynamics EBIT Related Terms


General Dynamics EBIT Historical Data

* Premium members only.

The historical data trend for General Dynamics's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

General Dynamics EBIT Chart

General Dynamics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,809.04 4,179.09 4,019.21 4,711.02 4,701.27

General Dynamics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,192.33 1,144.44 1,146.79 1,323.70 1,243.87

FRA:GDX vs HWM, RKLB, NOC: EBIT Comparison

For the Aerospace & Defense subindustry, General Dynamics's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Dynamics EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, General Dynamics's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where General Dynamics's EV-to-EBIT falls into.


FRA:GDX
85GF Score
General Dynamics Corp FRA:GDX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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General Dynamics EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,859 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €4,859 Mil mean?
General Dynamics (FRA:GDX) has a EBIT of €4,859 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on General Dynamics.
Is General Dynamics' EBIT too high?
General Dynamics' current EBIT is €4,859 Mil. Overall, General Dynamics has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' EBIT compare to HWM and RKLB?
General Dynamics' EBIT of €4,859 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on General Dynamics. General Dynamics's current EBIT is €4,859 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (FRA:GDX) is currently considered Fairly Valued. The stock's GF Value™ is €300.26, compared to a current price of €307.60 — trading 2.4% above its estimated fair value. The current EBIT is €4,859 Mil. General Dynamics' overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For General Dynamics (FRA:GDX), the current EBIT is €4,859 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is General Dynamics (FRA:GDX) Overvalued in 2026?

Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued. The current stock price of €307.60 is trading 2.4% above its estimated GF Value™ of €300.26. GuruFocus considers General Dynamics to be Fairly Valued.

Key valuation signals for FRA:GDX:

  • EBIT: €4,859 Mil
  • GF Value™: €300.26 vs. price of €307.60 (2.4% above fair value)
  • GF Score™: 85/100 with 8 warning signs

No single metric tells the full story. See the FRA:GDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Dynamics Business Description

Address 11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
85GF Score

Get the complete analysis for FRA:GDX

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€307.60
Price
€300.26
GF Value