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General Dynamics Corporation (GD) FCF Payout Ratio: 26.51%

Is General Dynamics Corporation’s FCF payout ratio high or low?

General Dynamics Corporation's FCF payout ratio of 26.51% is 36% below its 5-year average of 41.14%, near the low end of its 5-year range (26.51%–47.84%).

39.80% below its 12-month average of 44.04%.

GD FCF Payout Ratio Chart

GD FCF Payout Ratio
40.24%-15.89% 1Y
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GD Average FCF Payout Ratio Chart

GD Current vs Average FCF Payout Ratio Chart

GD FCF Payout Ratio Metrics

FCF PAYOUT RATIO

26.51%

FCF PAYOUT RATIO AVG TTM

44.04%

FCF PAYOUT RATIO AVG 3Y

41.28%

FCF PAYOUT RATIO AVG 5Y

41.14%

FCF PAYOUT RATIO AVG 10Y

42.96%

FCF PAYOUT RATIO AVG 15Y

38.04%

FCF PAYOUT RATIO AVG 20Y

33.73%

CURRENT VS TTM AVG

-39.80%

CURRENT VS 3Y AVG

-35.78%

CURRENT VS 5Y AVG

-35.57%

CURRENT VS 10Y AVG

-38.30%

CURRENT VS 15Y AVG

-30.31%

CURRENT VS 20Y AVG

-21.41%

Payout Ratio Comparison

FCF Payout Ratio

26.5%

Earnings Payout Ratio

38.9%

Dividend Yield

1.69%

FCF Yield

6.29%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$3.96B$1.59B40.2%
2024$3.20B$1.53B47.8%
2023$3.81B$1.43B37.5%
2022$3.46B$1.37B39.5%
2021$3.38B$1.31B38.9%
2020$2.89B$1.24B42.9%
2019$1.99B$1.15B57.8%
2018$2.46B$1.07B43.7%
2017$3.45B$986.00M28.6%
2016$1.81B$911.00M50.4%
2015$1.93B$873.00M45.2%
2014$3.21B$822.00M25.6%
2013$2.67B$591.00M22.2%
2012$2.24B$893.00M39.9%
2011$2.78B$673.00M24.2%
2010$2.62B$631.00M24.1%
2009$2.46B$577.00M23.5%
2008$2.62B$533.00M20.3%
2007$2.45B$445.00M18.2%
2006$1.79B$359.00M20.0%
2005$1.78B$314.00M17.7%
2004$1.54B$278.00M18.1%
2003$1.50B$249.00M16.6%
2002$861.00M$236.00M27.4%
2001$747.00M$219.00M29.3%
2000$783.00M$202.00M25.8%
1999($271.00M)$136.00MN/A (Loss)
1998($44.00M)$108.00MN/A (Loss)
1997($756.00M)$102.00MN/A (Loss)
1996$961.00M$101.00M10.5%

Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

General Dynamics Corporation FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

General Dynamics Corporation FCF Payout Ratio FAQ

What is the FCF payout ratio for General Dynamics Corporation (GD)?
The FCF payout ratio for GD stock is 26.51%.
Is General Dynamics Corporation's FCF payout ratio high or low?
General Dynamics Corporation's FCF payout ratio of 26.51% is 36% below its 5-year average of 41.14%, near the low end of its 5-year range (26.51%–47.84%).
What is the TTM average FCF payout ratio for General Dynamics Corporation (GD)?
The TTM average FCF payout ratio for GD stock is 44.04%.
What is the 3Y average FCF payout ratio for General Dynamics Corporation (GD)?
The 3Y average FCF payout ratio for GD stock is 41.28%.
What is the 5Y average FCF payout ratio for General Dynamics Corporation (GD)?
The 5Y average FCF payout ratio for GD stock is 41.14%.
What is the 10Y average FCF payout ratio for General Dynamics Corporation (GD)?
The 10Y average FCF payout ratio for GD stock is 42.96%.
What is the 15Y average FCF payout ratio for General Dynamics Corporation (GD)?
The 15Y average FCF payout ratio for GD stock is 38.04%.
What is the 20Y average FCF payout ratio for General Dynamics Corporation (GD)?
The 20Y average FCF payout ratio for GD stock is 33.73%.

General Dynamics Corporation FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2025-12-3140.24%
2024-12-3147.84%
2023-12-3137.52%
2022-12-3139.51%
2021-12-3138.86%
2020-12-3142.89%
2019-12-3157.77%
2018-12-3143.73%
2017-12-3128.57%
2016-12-3150.44%
2015-12-3145.23%
2014-12-3125.63%
2013-12-3122.17%
2012-12-3139.92%
2011-12-3124.21%
2010-12-3124.12%
2009-12-3123.50%
2008-12-3120.34%
2007-12-3118.16%
2006-12-3120.01%
2005-12-3117.67%
2004-12-3118.10%
2003-12-3116.61%
2002-12-3127.41%
2001-12-3129.32%
2000-12-3125.80%
1996-12-3110.51%

About General Dynamics Corporation

General Dynamics Corporation is a global leader in the aerospace and defense industry, with its operations structured across four key divisions: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment focuses on the design, production, and sale of business jets, alongside offering a full suite of aviation services including aircraft maintenance, repair, management, charter services, and ground support. Marine Systems specializes in shipbuilding for the U.S. Navy, constructing nuclear-powered submarines, surface warships, and auxiliary vessels. This division also builds various commercial ships, such as tankers and cargo carriers. Furthermore, it provides extensive maintenance, modernization, and lifecycle support, along with engineering and design services for both naval and commercial fleets. Combat Systems is dedicated to creating land-based defense solutions, manufacturing a diverse range of products including wheeled and tracked combat vehicles (like the Stryker and Piranha), main battle tanks, armored vehicles, weapon systems, munitions, and mobile bridge systems. This segment also delivers modernization programs, engineering expertise, and ongoing sustainment services. The Technologies division offers sophisticated information technology and mission support services, catering primarily to military, intelligence, and federal civilian clients. Its offerings span mobile communication, computing, command-and-control systems, and intelligence, surveillance, and reconnaissance (ISR) capabilities. Additionally, this segment is deeply involved in cutting-edge areas such as cloud computing, artificial intelligence, machine learning, big data analytics, DevOps, software-defined networks, "everything-as-a-service" models, defense enterprise office systems, and the assembly of unmanned undersea vehicles. Established in 1899, General Dynamics Corporation is headquartered in Reston, Virginia.

Reston, VA
110,000 employees
Industrials / Aerospace & Defense
Sector
Industrials
Industry
Aerospace & Defense
CEO
Phebe N. Novakovic