General Dynamics Corporation (GD)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,417,000 | 5,464,000 | 5,314,000 | 5,165,000 | 4,933,000 | 4,799,000 | 4,675,000 | 4,481,000 | 4,383,000 | 4,400,000 | 4,441,000 | 4,457,000 | 4,427,000 | 4,311,000 | 4,293,000 | 4,274,000 | 4,334,000 | 4,368,000 | 4,360,000 | 4,235,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 25,622,000 | 24,434,000 | 23,580,000 | 22,225,000 | 22,063,000 | 22,973,000 | 22,036,000 | 21,410,000 | 21,299,000 | 19,957,000 | 19,478,000 | 19,087,000 | 18,568,000 | 17,651,000 | 17,381,000 | 18,014,000 | 17,641,000 | 15,721,000 | 15,321,000 | 15,340,000 |
| Return on total capital | 21.14% | 22.36% | 22.54% | 23.24% | 22.36% | 20.89% | 21.22% | 20.93% | 20.58% | 22.05% | 22.80% | 23.35% | 23.84% | 24.42% | 24.70% | 23.73% | 24.57% | 27.78% | 28.46% | 27.61% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,417,000K ÷ ($—K + $25,622,000K)
= 21.14%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
General Dynamics Corporation
GD
21.14%
GE Aerospace
GE
58.06%
Hexcel Corporation
HXL
7.63%
L3Harris Technologies Inc
LHX
12.88%
Lockheed Martin Corporation
LMT
104.75%
Northrop Grumman Corporation
NOC
34.38%
Raytheon Technologies Corp
RTX
16.24%
Textron Inc
TXT
14.03%
The Boeing Company
BA
99.12%
Transdigm Group Incorporated
TDG
—
Woodward Inc
WWD
22.10%