General Dynamics Corporation (GD) — Capital Reinvestment Ratio
General Dynamics Corporation (GD) has a Capital Reinvestment Ratio of 0.12x as of June 2026, meaning it reinvests 0% of its operating cash flow ($1.88 Billion) in capital expenditures ($234.00 Million). Check GD tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
General Dynamics Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks General Dynamics Corporation's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see GD cash flow metrics.
Annual Capital Reinvestment Ratio for General Dynamics Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for General Dynamics Corporation from 1989 to 2025. See free cash flow generation of General Dynamics Corporation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.23x | $5.12 Billion | $1.16 Billion | ▲ +1.8% |
| 2024 | 0.22x | $4.11 Billion | $916.00 Million | ▲ +16.1% |
| 2023 | 0.19x | $4.71 Billion | $904.00 Million | ▼ -21.1% |
| 2022 | 0.24x | $4.58 Billion | $1.11 Billion | ▲ +17.1% |
| 2021 | 0.21x | $4.27 Billion | $887.00 Million | ▼ -17.1% |
| 2020 | 0.25x | $3.86 Billion | $967.00 Million | ▼ -24.3% |
| 2019 | 0.33x | $2.98 Billion | $987.00 Million | ▲ +51.1% |
| 2018 | 0.22x | $3.15 Billion | $690.00 Million | ▲ +98.7% |
| 2017 | 0.11x | $3.88 Billion | $428.00 Million | ▼ -38.1% |
| 2016 | 0.18x | $2.20 Billion | $392.00 Million | ▼ -21.7% |
| 2015 | 0.23x | $2.50 Billion | $569.00 Million | ▲ +62.9% |
| 2014 | 0.14x | $3.73 Billion | $521.00 Million | ▼ -1.3% |
| 2013 | 0.14x | $3.11 Billion | $440.00 Million | ▼ -15.4% |
| 2012 | 0.17x | $2.69 Billion | $450.00 Million | ▲ +18.4% |
| 2011 | 0.14x | $3.24 Billion | $458.00 Million | ▲ +14.2% |
| 2010 | 0.12x | $2.99 Billion | $370.00 Million | ▼ -8.6% |
| 2009 | 0.14x | $2.84 Billion | $385.00 Million | ▼ -14.0% |
| 2008 | 0.16x | $3.11 Billion | $490.00 Million | ▼ -2.8% |
| 2007 | 0.16x | $2.92 Billion | $474.00 Million | ▲ +3.2% |
| 2006 | 0.16x | $2.13 Billion | $334.00 Million | ▲ +15.7% |
| 2005 | 0.14x | $2.06 Billion | $279.00 Million | ▼ -8.1% |
| 2004 | 0.15x | $1.80 Billion | $266.00 Million | ▲ +13.5% |
| 2003 | 0.13x | $1.72 Billion | $224.00 Million | ▼ -44.6% |
| 2002 | 0.23x | $1.12 Billion | $264.00 Million | ▼ -27.3% |
| 2001 | 0.32x | $1.10 Billion | $356.00 Million | ▲ +20.0% |
| 2000 | 0.27x | $1.07 Billion | $288.00 Million | ▼ -78.8% |
| 1999 | 1.27x | $1.02 Billion | $1.29 Billion | ▲ +13.2% |
| 1998 | 1.12x | $370.00 Million | $414.00 Million | ▼ -52.5% |
| 1997 | 2.36x | $557.00 Million | $1.31 Billion | ▲ +3156.2% |
| 1996 | 0.07x | $1.04 Billion | $75.00 Million | ▼ -48.0% |
| 1995 | 0.14x | $230.00 Million | $32.00 Million | ▼ -15.9% |
| 1994 | 0.17x | $139.00 Million | $23.00 Million | ▲ +350.4% |
| 1992 | 0.04x | $490.00 Million | $18.00 Million | ▼ -69.9% |
| 1991 | 0.12x | $673.00 Million | $82.00 Million | ▼ -76.9% |
| 1990 | 0.53x | $609.00 Million | $321.00 Million | ▼ -75.6% |
| 1989 | 2.16x | $193.90 Million | $418.80 Million | — |