NYSE$GD

General Dynamics Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

General Dynamics reported Q1 2025 revenue of $12.22B with net earnings of $994M and diluted EPS of $3.66.

Revenue was $12.22 billion for the quarter ended March 30, 2025, led by Aerospace and Marine Systems growth. Net earnings were $994 million ($3.66 diluted EPS), up from $799 million and $2.88 a year ago. Segment commentary cites Gulfstream deliveries, submarine programs, and Technologies demand.

  • Q1 revenue $12.22B (+14% YoY).
  • Net earnings $994M; diluted EPS $3.66.
  • Aerospace revenue $3.43B; Marine Systems $3.59B.
  • Defense funding and supply chain affect multi-year programs.

Headline financials

Total Revenue

$12.2B

Previous: $10.7B+13.9%
EPS (adj)

$3.66

Previous: $2.88+27.1%
Total Operating Margin

10.4%

Previous: 9.7%+7.2%
Consolidated Book-to-Bill Ratio

0.8

Previous: 1.2-33.3%
Capital Expenditures

-$142M

Previous: -$159M+10.7%
Net Income

$994M

Previous: $799M+24.4%
Operating Income

$1.27B

Previous: $1.04B+22.4%
Gross Profit

$1.27B

No prior period

Revenue & EPS history

General Dynamics · Revenue · Quarterly

$12.2B

Q1 2025+13.9%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

General Dynamics · $10.6B total across 4 segments · Q3 2023

  • Technologies
    $3.31B
  • Marine Systems
    $3B
  • Combat Systems
    $2.22B
  • Aerospace
    $2.03B

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.1%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

59%

43 / 73 earnings

Positive

+9.6%

Q1 2013

Best reaction

-9.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%+11.3%+10.6%
Q4 2025-1.7%-5.5%-2.6%
Q3 2025+2.7%+0.6%-0.3%
Q2 2025+1.1%-0.1%+3.9%
Q1 2025-3.3%-1.0%-0.0%
Q4 2024-4.2%-2.3%-3.8%
Q3 2024-1.5%-0.7%-7.9%
Q2 2024-1.2%-1.7%-1.0%
Q1 2024-2.7%-1.7%+2.4%
Q4 2023+6.6%+6.2%+9.8%
Q3 2023+3.2%+2.6%+6.4%
Q2 2023+0.8%+2.6%+2.6%
Q1 2023-3.2%-2.1%-7.9%
Q4 2022-3.1%-3.1%-1.5%
Q3 2022+0.9%+1.6%+3.3%
Q2 2022+2.8%+3.9%+6.9%
Q1 2022+1.8%-1.6%-4.4%
Q4 2021+1.4%+3.0%+10.7%
Q3 2021-1.0%-1.3%-5.5%
Q2 2021+2.1%+0.9%+2.9%
Q1 2021+2.6%+3.1%+2.2%
Q4 2020+0.1%-1.8%+8.7%
Q3 2020-2.6%+0.9%+12.7%
Q2 2020+0.2%-0.6%+2.5%
Q1 2020-4.3%-8.6%+7.6%
Q4 2019-1.3%-3.8%-13.0%
Q3 2019-2.9%-2.8%+1.7%
Q2 2019+0.9%+2.1%-1.3%
Q1 2019-3.0%-1.7%-10.1%
Q4 2018-2.7%-0.8%-3.8%
Q3 2018-9.1%-11.0%-5.1%
Q2 2018+1.9%-0.2%-2.1%
Q1 2018-4.6%-9.3%-6.3%
Q4 2017+9.2%+8.7%+6.5%
Q3 2017-3.9%-2.8%-5.7%
Q2 2017-4.8%-3.6%-2.2%
Q1 2017+0.9%-0.0%+4.7%
Q4 2016+2.9%+2.1%+7.0%
Q3 2016-1.6%-1.2%+12.8%
Q2 2016+1.8%+3.2%+4.9%
Q1 2016+1.8%
Q4 2015+1.0%
Q3 2015+1.1%
Q2 2015+4.2%
Q1 2015+2.9%
Q4 2014-2.0%
Q3 2014+5.2%
Q2 2014+2.5%
Q1 2014+2.2%
Q4 2013+6.6%
Q3 2013-1.2%
Q2 2013+2.1%
Q1 2013+9.6%
Q4 2012-0.1%
Q3 2012+2.1%
Q2 2012-0.8%
Q1 2012+1.1%
Q4 2011+1.0%
Q3 2011-3.5%
Q2 2011-4.4%
Q1 2011-5.2%
Q4 2010-1.4%
Q3 2010+0.1%
Q2 2010+0.7%
Q1 2009-3.3%
Q1 2010+0.4%
Q4 2007+1.1%
Q4 2009+1.1%
Q3 2008+1.3%
Q3 2009+1.3%
Q2 2009+0.5%
Q2 2008+0.5%
Q4 2008+0.5%

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