Sats Ledger
Companies · Industrials

General Dynamics (GD), measured in bitcoin

One General Dynamics share costs 399,825 sats today ($332.42). That's 38% more sats than a year ago, even though the dollar price fell 0.6%: bitcoin fell further. Since 2019, its shareholder return has been +28% a year in dollars, faster than the money supply grew (+6.6%), and −10% a year measured in bitcoin.

Next earnings: Friday, October 30 before the open.

Price in sats
399,825

What one share costs in bitcoin today ($332.42). One bitcoin is 100 million sats.

Past year, in bitcoin
+38% −0.6% in $

More sats per share than a year ago. Above zero means the stock beat simply holding bitcoin.

Shareholder return since COVID
+28%/yr −10%/yr in ₿

Cash the business produces per share, plus how fast that grows, since 2019. Beat new dollars (+6.6%/yr); trailed bitcoin (+1.8%/yr new supply).

Buybacks vs bitcoin
$1.53 vs $2.88

What each $1 it spent buying back its own stock since 2019 is worth today, versus the same $1 in bitcoin bought at the same times. Bitcoin wins.

Quarterly revenue would buy
0.94% of all bitcoin

$14.1 billion of revenue in the quarter to Jul 5, 2026, at that quarter's average price: ₿197,586 of the 21 million that will ever exist.

Pays its own way?
Yes

Since mid-2022 it kept $5.9 billion of free cash flow after dividends and buybacks.

General Dynamics share price since 2019, in dollars and in bitcoin, both indexed to 100
Both lines start at 100 (the 2019 average). The gap between them is what measuring in bitcoin changes.

How it compares: industrials

Sorted by the past year in bitcoin. Within the same window every stock is divided by the same bitcoin price, so the order matches dollars; what bitcoin adds is the line at zero: above it, the stock beat holding bitcoin.

CompanySats per sharePast year, ₿Vs 2019 avg, ₿Shareholder return, ₿
FedEx FDX349,513+122%−84%–
GE Vernova GEV1,207,629+115%n/a–
Caterpillar CAT929,477+112%−56%−20%/yr
Deere & DE781,800+105%−70%−15%/yr
Emerson Electric EMR196,653+77%−82%−23%/yr
Union Pacific UNP339,614+73%−87%−23%/yr
RTX RTX220,131+60%−82%−21%/yr
United Parcel Service UPS114,011+58%−93%−16%/yr
3M MMM195,775+49%−92%−30%/yr
GE Aerospace GE370,008+43%−54%−26%/yr
Lockheed Martin LMT606,220+39%−89%−18%/yr
General Dynamics GD399,825+38%−86%−10%/yr
Boeing BA224,305+20%−96%–
Uber UBER85,782+5.2%−78%–

Questions

How many sats is one General Dynamics share?
399,825 sats ($332.42) at the close on October 13, 2026, or 0.00400 bitcoin.
Has General Dynamics beaten bitcoin?
Measured by share price, no: a share costs 86% fewer sats than its 2019 average (in dollars: +88%). Measured by the business (cash generated per share and its growth), −10% a year in bitcoin terms, behind bitcoin's supply growth.
Did General Dynamics's buybacks beat bitcoin?
No. It spent $6.8 billion buying back its own stock since 2019. Each $1 is now worth $1.53 in shares; the same $1 in bitcoin, bought at the same times, would be worth $2.88. (Per dollar: at that size the buying itself would have moved bitcoin's price.)

Full history, charts and quarterly numbers for General Dynamics →