Buyback yield (TTM)
0.90%
Shareholder yield (TTM)
2.60%
5Y share count change
-4.9%
Buyback spend (TTM)
$854.00M
Cumulative buybacks
$27.14B
Key takeaways
- General Dynamics (GD) repurchased about $854.00M of stock over the trailing twelve months.
- Diluted share count is down 4.9% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 4.23× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +1.6% per year over the latest 5-year window.
- TTM repurchases used about 19% of free cash flow remaining after dividends.
Dividend & buyback yield over time for General Dynamics (GD)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for General Dynamics (GD)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for General Dynamics (GD)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for General Dynamics (GD)
Latest: $637.00M
Overview
The 2025 reading of General Dynamics (GD) buyback spend is $637.00M – plunged 57.6% year-over-year.
General Dynamics buyback spend has grown on net over the period, with a +1.6% compound annual growth rate over 2020–2025 (5 years).
Between 2014 and 2025, General Dynamics buyback spend plunged 81.2%, falling from $3.38B to $637.00M.
Across the available history, buyback spend reached its high of $3.38B in 2014 and its low of $0.00 in 1991.
General Dynamics Buyback Spend 2025: $637.00M
2025's buyback spend for General Dynamics came in at $637.00M, plunged 57.6% below 2024.
General Dynamics Buyback Spend 2024: $1.50B
General Dynamics posted buyback spend of $1.50B in 2024, surged 245.9% from 2023.
General Dynamics Buyback Spend 2023: $434.00M
In 2023, General Dynamics reported buyback spend of $434.00M, plunged 64.7% below 2022.
General Dynamics Buyback Spend 2022: $1.23B
General Dynamics buyback spend in 2022 was $1.23B, plunged 32.8% below 2021.
General Dynamics Buyback Spend 2021: $1.83B
General Dynamics buyback spend in 2021 was $1.83B.
See more financial history for General Dynamics (GD).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $637.00M | $196.00M | $441.00M | 0.70% | 0.27B | -1.3% | |
| 2024 | $1.50B | $183.00M | $1.32B | 2.08% | 0.28B | +0.6% | |
| 2023 | $434.00M | $181.00M | $253.00M | 0.61% | 0.28B | -0.9% | |
| 2022 | $1.23B | $165.00M | $1.06B | 1.81% | 0.28B | -1.4% | |
| 2021 | $1.83B | $126.00M | $1.70B | 3.15% | 0.28B | -2.0% | |
| 2020 | $587.00M | $128.00M | $459.00M | 1.38% | 0.29B | -1.0% | |
| 2019 | $231.00M | $133.00M | $98.00M | 0.45% | 0.29B | -2.8% | |
| 2018 | $1.77B | $140.00M | $1.63B | 3.84% | 0.30B | -1.8% | |
| 2017 | $1.56B | $123.00M | $1.44B | 2.58% | 0.30B | -1.9% | |
| 2016 | $2.00B | $100.00M | $1.90B | 3.82% | 0.31B | -5.0% | |
| 2015 | $3.23B | $110.00M | $3.12B | 7.51% | 0.33B | -4.3% | |
| 2014 | $3.38B | $128.00M | $3.25B | 7.45% | 0.34B | -3.5% | |
| 2013 | $740.00M | $120.00M | $620.00M | 2.21% | 0.35B | +0.1% | |
| 2012 | $602.00M | $114.00M | $488.00M | 2.48% | 0.35B | -3.9% | |
| 2011 | $1.47B | $128.00M | $1.34B | 6.21% | 0.37B | -4.6% | |
| 2010 | $1.19B | $118.00M | $1.07B | 4.43% | 0.39B | -0.7% | |
| 2009 | $209.00M | $117.00M | $92.00M | 0.79% | 0.39B | -2.7% | |
| 2008 | $1.52B | $105.00M | $1.42B | 6.79% | 0.40B | -2.3% | |
| 2007 | $505.00M | $86.00M | $419.00M | 1.41% | 0.41B | +0.3% | |
| 2006 | $85.00M | $61.00M | $24.00M | 0.28% | 0.41B | +0.5% | |
| 2005 | $348.00M | $0.00 | $348.00M | 1.53% | 0.40B | +0.5% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.40B | +1.2% | |
| 2003 | $300.00M | $0.00 | $300.00M | 1.68% | 0.40B | -1.8% | |
| 2002 | $100.00M | $0.00 | $100.00M | 0.63% | 0.41B | -0.0% | |
| 2001 | $113.00M | $0.00 | $113.00M | 0.70% | 0.41B | +0.8% | |
| 2000 | $208.00M | $0.00 | $208.00M | — | 0.40B | -0.4% | |
| 1999 | $59.00M | $0.00 | $59.00M | — | 0.40B | -0.0% | |
| 1998 | $226.00M | $0.00 | $226.00M | — | 0.40B | +60.5% | |
| 1997 | $60.00M | $0.00 | $60.00M | — | 0.25B | -0.2% | |
| 1996 | $23.00M | $0.00 | $23.00M | — | 0.25B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $22.00M | $0.00 | $22.00M | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $960.00M | $0.00 | $960.00M | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $2.00M | $0.00 | $2.00M | — | — | — | |
| 1989 | $14.40M | $0.00 | $14.40M | — | — | — |
- 2025$637.00M
- 2024$1.50B
- 2023$434.00M
- 2022$1.23B
- 2021$1.83B
- 2020$587.00M
- 2019$231.00M
- 2018$1.77B
- 2017$1.56B
- 2016$2.00B
- 2015$3.23B
- 2014$3.38B
- 2013$740.00M
- 2012$602.00M
- 2011$1.47B
- 2010$1.19B
- 2009$209.00M
- 2008$1.52B
- 2007$505.00M
- 2006$85.00M
- 2005$348.00M
- 2004$0.00
- 2003$300.00M
- 2002$100.00M
- 2001$113.00M
- 2000$208.00M
- 1999$59.00M
- 1998$226.00M
- 1997$60.00M
- 1996$23.00M
- 1995$0.00
- 1994$22.00M
- 1993$0.00
- 1992$960.00M
- 1991$0.00
- 1990$2.00M
- 1989$14.40M
Buybacks vs stock-based compensation for General Dynamics (GD)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.23×.
Buybacks vs dividends (share of cash returned) for General Dynamics (GD)
How General Dynamics splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as General Dynamics, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.59B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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