# General Dynamics (GD.US)

Canonical: https://gigainvestors.com/s/GD

Analysis as of: 2026-10-16T07:28:43.389Z. Financial observations: FY1996–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at too high a price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $337.03 per share; close as of 2026-10-15.

Estimated value: low $208.14 per share, central $259.84 per share, high $301.43 per share. Buy at or below the central value $259.84 per share. Valuation as of 2026-10-16T07:28:43.389Z; scenarios are not confidence intervals.

Expected annual return: 8.3% at the stated quote. About 8.3% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 1 revenue decline in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 1

- Years with a net loss: 0

- Operating margin variation: 0.10×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.14×

- FY2018: 0.12×

- FY2019: 0.12×

- FY2020: 0.11×

- FY2021: 0.11×

- FY2022: 0.11×

- FY2023: 0.10×

- FY2024: 0.10×

- FY2025: 0.10×

- LTM to Jun 2026: 0.10×

### moat: pass

- ROIC, median of available years: 42.6%

- ROIC, second-lowest year: 38.1%

- Typical minus recent gross margin: 1.3 pp

- Typical gross margin (annual median): 16.7%

- Recent gross margin (lower of latest and 3-year median): 15.4%

- Years with nonpositive capital: 0

- Capital spending / revenue: 2.3%

- ROIC including acquisitions, ten-year median: 12.1%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: >100%

- FY2018: 91.0%

- FY2019: 55.5%

- FY2020: 46.6%

- FY2021: 38.4%

- FY2022: 38.8%

- FY2023: 43.0%

- FY2024: 38.1%

- FY2025: 36.6%

- LTM to Jun 2026: 42.2%

### economics: pass

- Owner earnings / net income, 5-yr: 0.99×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $18B

- Net income, five-year total: $18B

- Return on incremental invested capital: 15.1%

- Working capital / revenue, annual change: -0.5 pp

- Working capital / revenue, change between three-year averages: -2.7 pp

- Working capital / revenue, final three-year average: 36.3%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.00×

- FY2022: 0.97×

- FY2023: 1.00×

- FY2024: 1.00×

- FY2025: 1.00×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 341.5% vs 38.1%

- Per-share earnings: 9.29 to 13.63 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -1.8%

- Ordinary dilution, 5-year annual growth: -1.1%

- Market cap gain: $39B

- Cumulative retained earnings: $19B

- Diluted shares, 10-year annual growth: -1.8%

- Diluted shares, 5-year annual growth: -1.1%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 4.9%

- Per-share value change: $4.34

- Per-share value, starting three-year median: $9.29

- Per-share value, ending three-year median: $13.63

- Buybacks concentrated in cheaper years (correlation): 0.20

- Average buyback yield: 2.1%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $11B

- Cumulative net income, 10 years: $33B

- ROIC, first three-year median: >100%

- ROIC, last three-year median: 38.1%

Chart: Earnings per share; fiscal year observations.

- FY2016: $8.29

- FY2017: $9.56

- FY2018: $11.18

- FY2019: $11.98

- FY2020: $11.00

- FY2021: $11.55

- FY2022: $12.19

- FY2023: $12.02

- FY2024: $13.63

- FY2025: $15.45

### accounting: pass

- Sloan accruals: -1.6%

- Receivables to sales index (DSRI): 0.87×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 3.8%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.22×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.87×

Chart: Sloan accruals; fiscal year observations.

- FY2016: 1.1%

- FY2017: -2.8%

- FY2018: 0.4%

- FY2019: 1.0%

- FY2020: -1.3%

- FY2021: -2.0%

- FY2022: -2.3%

- FY2023: -2.5%

- FY2024: -0.6%

- FY2025: -1.6%

## Holders

- [Thomas Gayner](https://gigainvestors.com/MKL): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Richard Pzena](https://gigainvestors.com/PIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 6.9% a year for ten years · sales +4.4%

Story as of 2026-10-16T09:58:48.405Z; price observation 2026-10-15.

Price needs cash profits to grow 6.9% a year for ten years

- 2025-06-27: General Dynamics Wins a $1.9B Contract to Aid Virginia Class Submarines ([finance.yahoo.com](https://finance.yahoo.com/news/general-dynamics-wins-1-9b-132800203.html))

- 2025-07-24: GD Q2 Deep Dive: Backlog Growth and Defense Demand Drive Strong Quarter ([finance.yahoo.com](https://finance.yahoo.com/news/gd-q2-deep-dive-backlog-053344728.html))

- 2025-08-01: US Navy orders additional destroyer from General Dynamics Bath Iron Works ([investing.com](https://www.investing.com/news/company-news/us-navy-orders-additional-destroyer-from-general-dynamics-bath-iron-works-93CH-4164899))

- 2025-09-25: General Dynamics secures $1.5 billion IT contract for STRATCOM ([finance.yahoo.com](https://finance.yahoo.com/news/general-dynamics-secures-1-5-174057367.html))

- 2026-01-31: General Dynamics Balances Record Backlog Navy Win And Gulfstream Tensions ([finance.yahoo.com](https://finance.yahoo.com/news/general-dynamics-balances-record-backlog-111103661.html))

- 2026-07-29: General Dynamics Tops Second-Quarter Forecasts as Aerospace and Marine Businesses Drive Growth ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/general-dynamics-tops-second-quarter-134025725.html))

### Sales · FY2025–2026

sales +4.4%; source https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm; observed 2026-01-30.

- FY2017: $31B 

- FY2018: $36B 

- FY2019: $39B 

- FY2020: $38B 

- FY2021: $38B 

- FY2022: $39B 

- FY2023: $42B 

- FY2024: $48B 

- FY2025: $53B 

- FY2026: $55B 

### Gross margin · FY2026

gross margin 15.4%; source https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm; observed 2026-01-30.

- FY2017: 20.2% 

- FY2018: 18.4% 

- FY2019: 17.8% 

- FY2020: 16.7% 

- FY2021: 16.7% 

- FY2022: 16.8% 

- FY2023: 10.0% 

- FY2024: 15.4% 

- FY2025: 15.1% 

- FY2026: 15.4% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in aerospace & defense; annual sales are USD 52.5 billion.

- Source: https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm (filed 2026-01-30); FY2025: revenue 52550000000; grossProfit 7951000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); GD.US: General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support, customer support and custom completion services, modifications, upgrades, and lifecycle sustainment support services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, energetics and munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, and armored vehicles; and offers modernization programs, support and sustainment services, and development programs. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud services, cybersecurity, network modernization, artificial intelligence; machine learning; application development, high-performance computing, and 5G and advanced communications services; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.

### Why customers stay

Margins ranged from 10% to 15.4% during 2023–25; it earns 42.6% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2023: grossProfit / revenue = 10%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2024: grossProfit / revenue = 15.4%.

- Source: https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm (filed 2026-01-30); FY2025: grossProfit / revenue = 15.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); 10-year return on capital observations [[2017,3.4148598840270616],[2018,0.9098256507650709],[2019,0.5546135051113165],[2020,0.4658943033175383],[2021,0.3840785023225761],[2022,0.3884240713438487],[2023,0.42952544773854096],[2024,0.38100878788668086],[2025,0.3661219852073063],[2026,0.42235684367147]]; median 0.42594114570500546. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Spends 5.6% of cash earnings on expansion; earns 15.1% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2016: growth capex 0; upkeep 392000000; owner earnings 2633000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2017: growth capex 0; upkeep 428000000; owner earnings 2925000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2018: growth capex 0; upkeep 690000000; owner earnings 3418000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2019: growth capex 158000000; upkeep 829000000; owner earnings 3484000000. Growth capex / owner earnings = 0.04535017221584386.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2020: growth capex 0; upkeep 967000000; owner earnings 3078000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2021: growth capex 0; upkeep 887000000; owner earnings 3260000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2022: growth capex 123603438.04101336; upkeep 990396561.9589866; owner earnings 3283603438.0410132. Growth capex / owner earnings = 0.03764262048487644.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2023: growth capex 41000000; upkeep 863000000; owner earnings 3315000000. Growth capex / owner earnings = 0.012368024132730015.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); FY2024: growth capex 30000000; upkeep 886000000; owner earnings 3782000000. Growth capex / owner earnings = 0.007932310946589107.

- Source: https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm (filed 2026-01-30); FY2025: growth capex 237000000; upkeep 924000000; owner earnings 4210000000. Growth capex / owner earnings = 0.056294536817102135.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); Incremental return on capital 0.15142947577679589, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); Dividend observations: [[2016,911000000],[2017,986000000],[2018,1075000000],[2019,1152000000],[2020,1240000000],[2021,1315000000],[2022,1369000000],[2023,1428000000],[2024,1529000000],[2025,1593000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm (filed 2026-01-30); FY2025: cash repurchases 637000000 USD.

### Are managers owners

Insiders own 0.6% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); GD.US SharesStats.PercentInsiders = 0.5579999999999999 percentage points; cache date 2026-10-16.

### What could break it

"The U.S. government provides a significant portion of our revenue." (SEC filing, Jan 2026)

- Source: https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm (filed 2026-01-30); The U.S. government provides a significant portion of our revenue.

### What the price says

The price assumes cash profits grow 6.9% yearly over ten years; actual growth was 5.2%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-30); Ten-year compound average after fade. Initial solved rate 0.08543385138167048. Price 337.03; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 9.29429484589104 → FY2025 15.453794622373131. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $150.74 per share

- 2016-11: $175.35 per share

- 2016-12: $172.66 per share

- 2017-01: $181.08 per share

- 2017-02: $189.81 per share

- 2017-03: $187.20 per share

- 2017-04: $193.79 per share

- 2017-05: $203.25 per share

- 2017-06: $198.10 per share

- 2017-07: $196.33 per share

- 2017-08: $201.35 per share

- 2017-09: $205.58 per share

- 2017-10: $202.98 per share

- 2017-11: $207.16 per share

- 2017-12: $203.45 per share

- 2018-01: $222.48 per share

- 2018-02: $222.45 per share

- 2018-03: $220.90 per share

- 2018-04: $201.31 per share

- 2018-05: $201.71 per share

- 2018-06: $186.41 per share

- 2018-07: $199.76 per share

- 2018-08: $193.40 per share

- 2018-09: $204.72 per share

- 2018-10: $172.58 per share

- 2018-11: $184.89 per share

- 2018-12: $157.21 per share

- 2019-01: $171.17 per share

- 2019-02: $170.22 per share

- 2019-03: $169.28 per share

- 2019-04: $178.72 per share

- 2019-05: $160.82 per share

- 2019-06: $181.82 per share

- 2019-07: $185.94 per share

- 2019-08: $191.27 per share

- 2019-09: $182.73 per share

- 2019-10: $176.80 per share

- 2019-11: $181.74 per share

- 2019-12: $176.35 per share

- 2020-01: $175.44 per share

- 2020-02: $159.69 per share

- 2020-03: $132.31 per share

- 2020-04: $130.62 per share

- 2020-05: $146.83 per share

- 2020-06: $149.46 per share

- 2020-07: $146.74 per share

- 2020-08: $149.35 per share

- 2020-09: $138.43 per share

- 2020-10: $131.33 per share

- 2020-11: $149.35 per share

- 2020-12: $148.82 per share

- 2021-01: $146.68 per share

- 2021-02: $163.47 per share

- 2021-03: $181.56 per share

- 2021-04: $190.23 per share

- 2021-05: $189.91 per share

- 2021-06: $188.26 per share

- 2021-07: $196.03 per share

- 2021-08: $200.31 per share

- 2021-09: $196.03 per share

- 2021-10: $202.75 per share

- 2021-11: $188.97 per share

- 2021-12: $208.47 per share

- 2022-01: $212.10 per share

- 2022-02: $234.45 per share

- 2022-03: $241.18 per share

- 2022-04: $236.53 per share

- 2022-05: $224.91 per share

- 2022-06: $221.25 per share

- 2022-07: $226.67 per share

- 2022-08: $228.93 per share

- 2022-09: $212.17 per share

- 2022-10: $249.80 per share

- 2022-11: $252.39 per share

- 2022-12: $248.11 per share

- 2023-01: $233.06 per share

- 2023-02: $227.91 per share

- 2023-03: $228.21 per share

- 2023-04: $218.34 per share

- 2023-05: $204.18 per share

- 2023-06: $215.15 per share

- 2023-07: $223.58 per share

- 2023-08: $226.64 per share

- 2023-09: $220.97 per share

- 2023-10: $241.31 per share

- 2023-11: $246.97 per share

- 2023-12: $259.67 per share

- 2024-01: $264.99 per share

- 2024-02: $273.25 per share

- 2024-03: $282.49 per share

- 2024-04: $287.09 per share

- 2024-05: $299.77 per share

- 2024-06: $290.14 per share

- 2024-07: $298.71 per share

- 2024-08: $299.36 per share

- 2024-09: $302.20 per share

- 2024-10: $291.61 per share

- 2024-11: $284.01 per share

- 2024-12: $263.49 per share

- 2025-01: $256.98 per share

- 2025-02: $252.60 per share

- 2025-03: $272.58 per share

- 2025-04: $272.12 per share

- 2025-05: $278.49 per share

- 2025-06: $291.66 per share

- 2025-07: $311.61 per share

- 2025-08: $324.57 per share

- 2025-09: $341.00 per share

- 2025-10: $344.90 per share

- 2025-11: $341.63 per share

- 2025-12: $336.66 per share

- 2026-01: $351.09 per share

- 2026-02: $357.05 per share

- 2026-03: $343.22 per share

- 2026-04: $344.30 per share

- 2026-05: $346.82 per share

- 2026-06: $354.24 per share

- 2026-07: $383.42 per share

- 2026-08: $371.35 per share

- 2026-09: $331.83 per share

- 2026-10: $332.42 per share

## Annual estimated value (USD per share)

- FY2016: low $93.04 per share, central $105.10 per share, high $121.16 per share

- FY2017: low $109.76 per share, central $131.81 per share, high $152.34 per share

- FY2018: low $133.05 per share, central $160.65 per share, high $187.04 per share

- FY2019: low $149.91 per share, central $183.19 per share, high $213.49 per share

- FY2020: low $143.16 per share, central $172.81 per share, high $200.23 per share

- FY2021: low $143.08 per share, central $172.74 per share, high $200.80 per share

- FY2022: low $142.53 per share, central $174.42 per share, high $203.10 per share

- FY2023: low $156.57 per share, central $194.74 per share, high $226.64 per share

- FY2024: low $170.98 per share, central $215.01 per share, high $250.62 per share

- FY2025: low $191.34 per share, central $240.52 per share, high $280.08 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:34:25.518Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/40533/000004053326000006/gd-20251231.htm); period 2025-12-31, filed 2026-01-30.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Thomas Gayner](https://gigainvestors.com/MKL): 391,000 GD shares; USD 138,508,000 reported position value; 1.05% of portfolio; hold; quarter 2026 Q2.
- [Richard Pzena](https://gigainvestors.com/PIM): 108,574 GD shares; USD 38,461,000 reported position value; 0.11% of portfolio; add; quarter 2026 Q2.

# GD — General Dynamics

Held by 2 investors · USD 176,969,000 total · 2026 Q2 · reported price USD 354.24 (split-adjusted).
Page: https://gigainvestors.com/s/GD

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Thomas Gayner (https://gigainvestors.com/MKL) | USD 138,508,000 | 1.1% | hold |
| Richard Pzena (https://gigainvestors.com/PIM) | USD 38,461,000 | 0.1% | add +1.03% |

## Total held by quarter

- 2006 Q4: USD 29,379,402 · 1 holder · USD 74.35
- 2007 Q1: USD 30,152,406 · 1 holder · USD 76.40
- 2007 Q2: USD 30,839,408 · 1 holder · USD 78.22
- 2007 Q3: USD 33,303,565 · 1 holder · USD 84.47
- 2007 Q4: USD 35,087,600 · 1 holder · USD 88.99
- 2008 Q1: USD 32,881,712 · 1 holder · USD 83.37
- 2008 Q2: USD 33,209,238 · 1 holder · USD 84.20
- 2008 Q3: USD 29,058,550 · 1 holder · USD 73.62
- 2008 Q4: USD 140,389,118 · 2 holders · USD 57.59
- 2009 Q1: USD 124,956,631 · 2 holders · USD 43.82
- 2009 Q2: USD 140,040,852 · 2 holders · USD 56.90
- 2009 Q3: USD 25,382,697 · 1 holder · USD 64.60
- 2009 Q4: USD 26,771,927 · 1 holder · USD 68.17
- 2010 Q1: USD 30,174,546 · 1 holder · USD 77.20
- 2010 Q2: USD 22,865,630 · 1 holder · USD 58.56
- 2010 Q3: USD 24,509,593 · 1 holder · USD 62.81
- 2010 Q4: USD 27,665,601 · 1 holder · USD 70.96
- 2011 Q1: USD 29,849,136 · 1 holder · USD 76.56
- 2011 Q2: USD 29,053,932 · 1 holder · USD 74.52
- 2011 Q3: USD 196,458,636 · 2 holders · USD 56.89
- 2011 Q4: USD 283,259,237 · 2 holders · USD 66.41
- 2012 Q1: USD 313,696,785 · 2 holders · USD 73.38
- 2012 Q2: USD 281,956,969 · 2 holders · USD 65.96
- 2012 Q3: USD 282,641,181 · 2 holders · USD 66.12
- 2012 Q4: USD 296,134,584 · 2 holders · USD 69.27
- 2013 Q1: USD 28,313,643 · 1 holder · USD 70.51
- 2013 Q2: USD 31,422,706 · 1 holder · USD 78.33
- 2013 Q3: USD 34,952,075 · 1 holder · USD 87.52
- 2013 Q4: USD 38,277,110 · 2 holders · USD 95.55
- 2014 Q1: USD 42,392,038 · 2 holders · USD 109.09
- 2014 Q2: USD 45,360,842 · 2 holders · USD 116.55
- 2014 Q3: USD 49,463,824 · 2 holders · USD 127.27
- 2014 Q4: USD 53,464,935 · 2 holders · USD 137.62
- 2015 Q1: USD 52,731,510 · 2 holders · USD 136.00
- 2015 Q2: USD 55,046,025 · 2 holders · USD 141.69
- 2015 Q3: USD 53,593,650 · 2 holders · USD 138.00
- 2015 Q4: USD 53,364,315 · 2 holders · USD 137.36
- 2016 Q1: USD 50,840,190 · 1 holder · USD 131.37
- 2016 Q2: USD 54,094,875 · 2 holders · USD 139.33
- 2016 Q3: USD 60,279,915 · 2 holders · USD 155.33
- 2016 Q4: USD 67,078,425 · 2 holders · USD 172.67
- 2017 Q1: USD 72,727,395 · 2 holders · USD 187.33
- 2017 Q2: USD 76,961,700 · 2 holders · USD 198.10
- 2017 Q3: USD 79,867,455 · 2 holders · USD 205.58
- 2017 Q4: USD 79,040,145 · 2 holders · USD 203.45
- 2018 Q1: USD 85,488,300 · 1 holder · USD 220.90
- 2018 Q2: USD 72,140,670 · 1 holder · USD 186.41
- 2018 Q3: USD 89,164,568 · 2 holders · USD 204.72
- 2018 Q4: USD 68,456,321 · 2 holders · USD 157.22
- 2019 Q1: USD 76,666,084 · 2 holders · USD 169.28
- 2019 Q2: USD 82,360,096 · 2 holders · USD 181.82
- 2019 Q3: USD 82,801,541 · 2 holders · USD 182.73
- 2019 Q4: USD 79,890,737 · 2 holders · USD 176.36
- 2020 Q1: USD 59,929,682 · 2 holders · USD 132.31
- 2020 Q2: USD 67,685,264 · 2 holders · USD 149.47
- 2020 Q3: USD 64,728,093 · 2 holders · USD 138.43
- 2020 Q4: USD 70,141,001 · 3 holders · USD 148.81
- 2021 Q1: USD 90,614,781 · 3 holders · USD 181.56
- 2021 Q2: USD 93,935,527 · 3 holders · USD 188.26
- 2021 Q3: USD 97,825,874 · 3 holders · USD 196.03
- 2021 Q4: USD 118,244,961 · 4 holders · USD 208.47
- 2022 Q1: USD 116,275,030 · 3 holders · USD 241.18
- 2022 Q2: USD 106,730,529 · 3 holders · USD 221.24
- 2022 Q3: USD 102,422,521 · 3 holders · USD 212.17
- 2022 Q4: USD 116,470,029 · 3 holders · USD 248.11
- 2023 Q1: USD 107,180,304 · 3 holders · USD 228.21
- 2023 Q2: USD 104,158,919 · 3 holders · USD 215.16
- 2023 Q3: USD 106,968,996 · 3 holders · USD 220.97
- 2023 Q4: USD 125,497,792 · 3 holders · USD 259.67
- 2024 Q1: USD 212,805,279 · 5 holders · USD 282.49
- 2024 Q2: USD 215,733,829 · 5 holders · USD 290.14
- 2024 Q3: USD 224,752,113 · 5 holders · USD 302.20
- 2024 Q4: USD 196,223,248 · 5 holders · USD 263.49
- 2025 Q1: USD 206,946,086 · 4 holders · USD 272.59
- 2025 Q2: USD 220,580,554 · 4 holders · USD 291.66
- 2025 Q3: USD 243,940,083 · 3 holders · USD 341.00
- 2025 Q4: USD 240,431,501 · 3 holders · USD 336.66
- 2026 Q1: USD 171,083,844 · 2 holders · USD 343.22
- 2026 Q2: USD 176,969,000 · 2 holders · USD 354.24