NYSE$GD
General Dynamics Corp · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
General Dynamics reported Q4 2025 revenue of $14.4B with net earnings of $1.1B and diluted EPS of $4.17.
Fourth-quarter revenue was $14.4 billion with net earnings of $1.1 billion and diluted EPS of $4.17. Cash from operating activities was $1.6 billion (137% of net earnings). Book-to-bill was 1.6x in the quarter and 1.5x for the full year, supporting defense and aerospace backlog growth.
- Q4 revenue $14.4B; net earnings $1.1B.
- Diluted EPS $4.17; book-to-bill 1.6x.
- Q4 operating cash flow $1.6B.
- FY25 revenue $52.6B; EPS $15.45.
Headline financials
Revenue & EPS history
General Dynamics · Revenue · Quarterly
$14.4B
Revenue by segment
General Dynamics · $10.6B total across 4 segments · Q3 2023
- Technologies$3.31B—31.3%
- Marine Systems$3B—28.4%
- Combat Systems$2.22B—21.0%
- Aerospace$2.03B—19.2%
Forward guidance
The release discusses GD's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.
Tailwinds
- GD cites operational execution and demand trends supporting the outlook.
- Balance sheet and capital actions aim to fund growth and shareholder returns.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter 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 Q4 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
| Quarter | Report date | Reaction (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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