Earnings summaries and quarterly performance for GENERAL DYNAMICS.
Executive leadership at GENERAL DYNAMICS.
Phebe N. Novakovic
Detailed
Chief Executive Officer
CEO
DD
Danny Deep
Detailed
Executive Vice President, Global Operations
JW
Jason W. Aiken
Detailed
Executive Vice President, Technologies
KA
Kimberly A. Kuryea
Detailed
Senior Vice President and Chief Financial Officer
ML
Mark L. Burns
Detailed
Vice President and President, Gulfstream Aerospace
RE
Robert E. Smith
Detailed
Executive Vice President, Marine Systems
Board of directors at GENERAL DYNAMICS.
CH
C. Howard Nye
Detailed
Director
CB
Catherine B. Reynolds
Detailed
Director
CD
Cecil D. Haney
Detailed
Director
CW
Charles W. Hooper
Detailed
Director
JN
James N. Mattis
Detailed
Director
JG
John G. Stratton
Detailed
Director
LJ
Laura J. Schumacher
Detailed
Lead Director
MM
Mark M. Malcolm
Detailed
Director
PA
Peter A. Wall
Detailed
Director
RD
Richard D. Clarke
Detailed
Director
RK
Robert K. Steel
Detailed
Director
RF
Rudy F. deLeon
Detailed
Director
Research analysts who have asked questions during GENERAL DYNAMICS earnings calls.
GK
Gautam Khanna
TD Cowen
7 questions for GD
Also covers: ASLE, ATI, BA +20 more
MW
Myles Walton
Wolfe Research, LLC
7 questions for GD
Also covers: , ATI, B +19 more
Robert Stallard
Vertical Research Partners
7 questions for GD
Also covers: BA, BAESY, DRS +12 more
SS
Seth Seifman
JPMorgan Chase & Co.
7 questions for GD
Also covers: ATI, BA, BAH +22 more
DH
Douglas Harned
Sanford C. Bernstein & Co., LLC
6 questions for GD
Also covers: , BA, GE +9 more
SK
Sheila Kahyaoglu
Jefferies
6 questions for GD
Also covers: , AAL, AIR +36 more
RE
Ronald Epstein
Bank of America
5 questions for GD
Also covers: , AER, AL +26 more
SD
Scott Deuschle
Deutsche Bank
5 questions for GD
Also covers: ATI, BA, BWXT +15 more
David Strauss
Barclays
4 questions for GD
Also covers: ATI, BA, BWXT +16 more
Jason Gursky
Citigroup Inc.
4 questions for GD
Also covers: BA, CW, DCO +15 more
Scott Mikus
Melius Research
4 questions for GD
Also covers: AIR, BA, BAH +13 more
Andre Madrid
BTIG
3 questions for GD
Also covers: AIRO, AMTM, ATI +10 more
Kenneth Herbert
RBC Capital Markets
3 questions for GD
Also covers: , AIR, AMTM +24 more
PA
Peter Arment
Robert W. Baird & Co.
3 questions for GD
Also covers: AIN, AVAV, BA +20 more
GP
Gavin Parsons
UBS Group AG
2 questions for GD
Also covers: , BA, BAH +15 more
Kristine Liwag
Morgan Stanley
2 questions for GD
Also covers: , AER, AMTM +27 more
MA
Matthew Akers
Wells Fargo & Company
2 questions for GD
Also covers: BAH, CACI, HXL +9 more
JG
John Good
Citigroup Inc.
1 question for GD
MP
Mariana Perez Mora
Bank of America
1 question for GD
Also covers: AMTM, BAH, CACI +8 more
NP
Noah Poponak
Goldman Sachs
1 question for GD
Also covers: AMTM, BA, CACI +22 more
RS
Richard Safran
Seaport Research Partners
1 question for GD
Also covers: ATI, BA, HXL +3 more
Recent press releases and 8-K filings for GD.
General Dynamics reports Q4 2025 results
GD
Earnings
- Revenue of $52,550 million, up 10.1% year-over-year
- Net earnings of $4,210 million (+11.3%) and free cash flow of $3,959 million in 2025
- Operating earnings of $5,356 million (+11.7%) and EPS of $15.45 (+13.4%)
- Total backlog increased to $118,046 million, a 30.3% gain versus 2024
- Record backlog growth in key segments: Combat Systems backlog at $27.2 billion (+60% YoY) and Marine Systems backlog at $53.0 billion (+31% YoY)
7 days ago
General Dynamics reports Q4 2025 earnings
GD
Earnings
Guidance Update
- General Dynamics delivered Q4 2025 EPS of $4.17 on revenue of $14.379 billion, with operating earnings of $1.452 billion (+2% QoQ) and net earnings of $1.143 billion; for FY 2025, revenue rose 10.1%, operating earnings 11.7%, net earnings 11.3%, and EPS 13.4%.
- The company finished 2025 with a record total backlog of $118 billion (up 30% YoY) and estimated contract value of $179 billion (+24%); overall book-to-bill was 1.5×, led by Combat Systems (2.1×), Marine Systems (1.7×), Technologies (1.2×), and Aerospace (1.2×).
- Q4 operating cash flow was $1.6 billion, bringing FY 2025 operating cash flow to $5.1 billion; free cash flow was just under $4 billion (94% conversion) after capital expenditures of $1.2 billion (3.1% of sales), and year-end net debt stood at $5.7 billion.
- For 2026, GD forecasts revenue of $54.3 billion–$54.8 billion, an operating margin of 10.4%, and EPS of $16.10–$16.20.
7 days ago
General Dynamics reports Q4 2025 results
GD
Earnings
Guidance Update
- Q4 2025 EPS of $4.17, revenue of $14.379 billion, operating earnings of $1.452 billion, net earnings of $1.143 billion; sequential revenue +7.8%, operating earnings +2%
- FY 2025 revenue +10.1%, operating earnings +11.7%, net earnings +11.3%, EPS +13.4%
- Marine Systems Q4 revenue $4.8 billion (+21.7% YoY) and operating earnings $345 million (+72.5%); Combat Systems Q4 revenue $2.5 billion (+0.8%) and operating earnings $381 million (+7%); Combat backlog $27.2 billion, total ECV $42 billion, book-to-bill 4.3:1
- FY 2025 operating cash flow $5.1 billion, up $1 billion YoY; free cash flow ~$4 billion (94% conversion); CapEx $1.2 billion (3.1% of sales); net debt $5.7 billion
- 2026 guidance: revenue $54.3–54.8 billion, operating earnings ~$5.7 billion, EPS $16.10–16.20
7 days ago
General Dynamics reports Q4 2025 results and issues 2026 guidance
GD
Earnings
Guidance Update
Revenue Acceleration/Inflection
- General Dynamics delivered Q4 revenue of $14.379 B (+7.8% YoY), operating earnings of $1.452 B (+2% YoY), net earnings of $1.143 B, and diluted EPS of $4.17, with sequential growth of 11.4%, 9.1%, 7.9%, and $0.29, respectively.
- For FY 2025, the company achieved 10.1% revenue growth, 11.7% operating earnings growth, 11.3% net earnings growth, and 13.4% EPS growth versus 2024.
- Backlog reached a record $118 B and total estimated contract value hit $179 B (↑30% and ↑24% vs. prior year), underpinned by strong book-to-bill across segments (Combat 2.1×, Marine 1.7×, Technology 1.2×, Aerospace 1.2×).
- Operating cash flow was $5.1 B in 2025 (+$1 B vs. 2024) with free cash flow of ~$4 B (94% conversion); net debt fell to $5.7 B. The company targets 100% free cash flow conversion and capex of 3.5–4% of sales in 2026.
- 2026 guidance: full-year revenue of $54.3–54.8 B, operating margin 10.4% (↑20 bps), operating earnings ~$5.7 B, and EPS of $16.10–16.20.
7 days ago
General Dynamics reports Q4 2025 results
GD
Earnings
- General Dynamics posted fourth-quarter net earnings of $1.1 billion, diluted EPS of $4.17, on revenue of $14.4 billion.
- For full-year 2025, net earnings rose 11.3% year-over-year to $4.2 billion, diluted EPS of $15.45, on revenue up 10.1% to $52.6 billion.
- Operating cash flow was $1.6 billion in Q4 (137% of net earnings) and $5.1 billion for the year (122% of net earnings); capital expenditures totaled $1.2 billion, up 27% from 2024.
- Order momentum remained strong with a Q4 book-to-bill of 1.6×, full-year 1.5×, and year-end backlog of $118 billion.
7 days ago
General Dynamics projects FY26 revenue guidance
GD
Guidance Update
- General Dynamics forecasts fiscal 2026 revenue of $54.3–$54.8 billion and targets a 10.4% operating margin, while committing to reinvestment and full free-cash-flow conversion.
- The aerospace (Gulfstream) segment is expected to generate $13.6 billion in revenue for FY 2026; management notes some supply-chain improvements but anticipates larger tariff impacts next year.
- In the latest quarter, GD reported adjusted EPS of $4.17 and revenue of $14.38 billion, beating consensus by 1.56% and 4.2%, respectively; shares are up 8.9% YTD versus the S&P 500’s 1.9% gain.
- Key metrics include an operating margin of 10.34%, net margin of 8.18%, debt-to-equity ratio near 0.4, interest coverage ~16.29; insiders sold 20,460 shares over the past three months.
7 days ago
General Dynamics reports Q4 and full-year 2025 financial results
GD
Earnings
- Fourth-quarter net earnings of $1.1 billion, diluted EPS of $4.17, on $14.4 billion in revenue
- Full-year net earnings of $4.2 billion, diluted EPS of $15.45, on $52.6 billion in revenue, up 11.3% and 10.1%, respectively, from 2024
- Operating cash flow of $1.6 billion in Q4 (137% of net earnings) and $5.1 billion for the year (122% of net earnings); $1.2 billion in 2025 capital expenditures
- Book-to-bill ratio of 1.6x in Q4 and 1.5x for the year, ending 2025 with a $118 billion backlog
7 days ago
General Dynamics awarded $988M Navy C5ISR contract
GD
New Projects/Investments
- General Dynamics Information Technology (GDIT), a unit of General Dynamics, secured a $988 million contract in December for U.S. Navy C5ISR systems support, including a one-year base period, four one-year options and a six-month option.
- Under the award, GDIT will modernize and integrate command, control, communications, computers, combat, intelligence, surveillance and reconnaissance systems across surface combatant ships, aircraft carriers, Coast Guard vessels, manned and unmanned aircraft, and shore stations to boost fleet readiness.
- The scope covers end-to-end services—integration, engineering, procurement, logistics and installation—leveraging GDIT’s decades of naval support experience in electronic warfare technologies and AI/ML solutions.
- General Dynamics employs over 110,000 people worldwide and generated $47.7 billion in revenue in 2024, underscoring its scale in defense contracting.
Jan 12, 2026, 10:00 PM
General Dynamics awarded $285 million Virginia cybersecurity contract
GD
New Projects/Investments
- GDIT, a business unit of General Dynamics, won a $285 million contract from the Commonwealth of Virginia, featuring a 1-year transition, 5-year base, and three 1-year options.
- The company will deploy its Eclipse Defensive Cyber and Everest Zero Trust Digital Accelerators to provide vulnerability management, zero trust services, and a 24/7 security operations center for the Virginia Information Technologies Agency.
- GDIT will leverage AI-driven security monitoring and support post-quantum cryptography initiatives to enhance threat detection and future-proof encryption across 67 state agencies serving over 8.8 million residents.
- The award expands GDIT’s state and local government footprint, building on its technology services presence nationwide.
Dec 16, 2025, 5:30 PM
General Dynamics maintains quarterly dividend
GD
Dividends
- General Dynamics declared a $1.50 quarterly dividend per share, with a forward yield of 1.79%.
- The dividend is backed by its diversified operations across aerospace, marine, combat systems, and technologies.
- In its latest results, General Dynamics reported $51.51 billion in revenue, a three-year revenue growth of 8%, an operating margin of 10.34%, and a net margin of 8.18%.
Dec 3, 2025, 10:56 PM
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