EME vs. GD: EMCOR vs. General Dynamics Stock Comparison

November 11, 2026

How do EMCOR (EME) and General Dynamics (GD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

EMCOR (EME) and General Dynamics (GD) both fall under the Capital Goods industry group, but EME is classified in Construction & Engineering while GD is classified in Aerospace & Defense.

Company profile comparison for EMCOR (EME) and General Dynamics (GD)
Profile Item	EME	GD
Name	EMCOR Group, Inc.	General Dynamics Corp.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Aerospace & Defense
GICS Sub-Industry	Construction & Engineering	Aerospace & Defense
Market Capitalization	26.64 billion USD	95.68 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 10, 1995	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EME

GSPC

EMCOR (EME) vs. General Dynamics (GD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for EMCOR (EME) and General Dynamics (GD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for EMCOR (EME) and General Dynamics (GD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Total Return (1Y)	0.07%	6.52%
Total Return (3Y, Annualized)	46.16%	16.95%
Total Return (5Y, Annualized)	38.01%	14.65%

Risk Profile

Drawdown History

EME

GSPC

EMCOR (EME) vs. General Dynamics (GD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for EMCOR (EME) and General Dynamics (GD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Volatility (1Y, Annualized)	43.79%	23.03%
Beta (5Y)	1.17	0.30
Max Drawdown (5Y)	-36.85%	-22.55%
Avg. Volume (3M)	402.73K	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

EME and GD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Sharpe Ratio (1Y)	-0.10	0.10
Sortino Ratio (1Y)	-0.14	0.15

Profitability

ROE (TTM)

EMCOR (EME) at 40.55% sits in the top ROE quartile, while General Dynamics (GD) at 18.01% is closer to the peer norm — stronger capital efficiency for EME.

EME

Capital Goods industry group

40.55%

EME: 40.55%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

GD

Capital Goods industry group

18.01%

Max: 40.55%
Q3: 19.29%
GD: 18.01%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

EMCOR (EME) vs. General Dynamics (GD): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both EMCOR (EME) at 7.78% and General Dynamics (GD) at 8.24% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EME

Capital Goods industry group

7.78%

Max: 27.47%
Q3: 12.10%
EME: 7.78%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

GD

Capital Goods industry group

8.24%

Max: 27.47%
Q3: 12.10%
GD: 8.24%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

EMCOR (EME) vs. General Dynamics (GD): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both EMCOR (EME) at 10.46% and General Dynamics (GD) at 10.49% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EME

Capital Goods industry group

10.46%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
EME: 10.46%
Q1: 5.14%
Min: -12.63%

GD

Capital Goods industry group

10.49%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
GD: 10.49%
Q1: 5.14%
Min: -12.63%

EMCOR (EME) vs. General Dynamics (GD): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
ROE (TTM)	40.55%	18.01%
ROA (TTM)	12.33%	6.23%
Net Margin (TTM)	7.78%	8.24%
Operating Margin (TTM)	10.46%	10.49%
Gross Margin (TTM)	19.59%	15.42%

Growth

Revenue Growth

Both EMCOR (EME) at 16.62% and General Dynamics (GD) at 10.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EMCOR (EME) vs. General Dynamics (GD): A comparison of their Revenue Growth across different time periods.

EPS Growth

EMCOR (EME) at 30.99% sits in the top EPS growth quartile, while General Dynamics (GD) at 13.35% is closer to the peer norm — faster per-share earnings growth for EME.

EMCOR (EME) vs. General Dynamics (GD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Revenue Growth (YoY)	16.62%	10.13%
Revenue Growth (3Y CAGR)	15.32%	10.07%
EPS Growth (YoY)	30.99%	13.35%
EPS Growth (3Y CAGR)	51.54%	8.22%

Financial Strength

Current Ratio (MRQ)

Both EMCOR (EME) at 1.17 and General Dynamics (GD) at 1.43 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

EME

Capital Goods industry group

1.17

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
EME: 1.17
Min: 0.36

GD

Capital Goods industry group

1.43

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
GD: 1.43
Min: 0.36

EMCOR (EME) vs. General Dynamics (GD): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

EMCOR (EME) at 0.13 keeps leverage in the lower industry quartile, while General Dynamics (GD) at 0.33 runs a more typical debt-to-equity mix.

EME

Capital Goods industry group

0.13

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
EME: 0.13
Min: 0.00

GD

Capital Goods industry group

0.33

Max: 2.33
Q3: 1.12
Median: 0.60
GD: 0.33
Q1: 0.29
Min: 0.00

EMCOR (EME) vs. General Dynamics (GD): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Current Ratio (MRQ)	1.17	1.43
Debt / Equity (MRQ)	0.13	0.33
Net Debt / EBITDA	-0.10	0.68

Dividends

Dividend Yield (TTM)

General Dynamics (GD) at 1.76% delivers top-quartile income for its industry, while EMCOR (EME) at 0.07% pays a more typical yield — both are credible income propositions, GD the richer one.

EME

Capital Goods industry group

0.07%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
EME: 0.07%
Q1: 0.00%
Min: 0.00%

GD

Capital Goods industry group

1.76%

Max: 2.66%
GD: 1.76%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

EMCOR (EME) vs. General Dynamics (GD): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

EMCOR (EME) at 4.19% pays out a band-typical share of earnings, while General Dynamics (GD) at 36.90% distributes more than its industry norm — less retained, thinner cover.

EME

Capital Goods industry group

4.19%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
EME: 4.19%
Q1: 0.00%
Min: 0.00%

GD

Capital Goods industry group

36.90%

Max: 67.39%
GD: 36.90%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

EMCOR (EME) vs. General Dynamics (GD): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
Dividend Yield (TTM)	0.07%	1.76%
Dividend Payout Ratio (TTM)	4.19%	36.90%

Valuation

P/E Ratio (TTM)

EMCOR (EME) at 17.59 sits in the cheaper P/E ratio quartile, while General Dynamics (GD) at 20.84 is closer to its industry’s usual earnings multiple — a discount for EME, though growth and earnings durability still matter.

EME

Capital Goods industry group

17.59

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
EME: 17.59
Min: 3.03

GD

Capital Goods industry group

20.84

Max: 59.38
Q3: 35.92
Median: 25.41
GD: 20.84
Q1: 19.47
Min: 3.03

EMCOR (EME) vs. General Dynamics (GD): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both EMCOR (EME) at 1.34 and General Dynamics (GD) at 1.69 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EME

Capital Goods industry group

1.34

Max: 7.54
Q3: 3.76
Median: 2.15
EME: 1.34
Q1: 1.03
Min: 0.03

GD

Capital Goods industry group

1.69

Max: 7.54
Q3: 3.76
Median: 2.15
GD: 1.69
Q1: 1.03
Min: 0.03

EMCOR (EME) vs. General Dynamics (GD): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

General Dynamics (GD) at 3.50 is valued about in line with its industry on P/B ratio, while EMCOR (EME) at 6.26 carries an above-peer premium to book — EME is pricier on assets.

EME

Capital Goods industry group

6.26

Max: 9.66
EME: 6.26
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

GD

Capital Goods industry group

3.50

Max: 9.66
Q3: 5.00
GD: 3.50
Median: 3.12
Q1: 1.81
Min: -1.08

EMCOR (EME) vs. General Dynamics (GD): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for EMCOR (EME) and General Dynamics (GD)
Metric	EME	GD
P/E Ratio (TTM)	17.59	20.84
P/S Ratio (TTM)	1.34	1.69
P/B Ratio (MRQ)	6.26	3.50
Free Cash Flow Yield (TTM)	4.82%	4.76%