Companies /Industrials
General Dynamics Corp
NYSE: GD Aerospace & Defense
$331.27
▲ $2.95 (+0.90%) today
Markets closed · 1:03am ET

General Dynamics (GD) Q1 2025 Earnings

Reported Apr 23, 2025, 7:50am ET · SEC source
$3.66
Beat +5.72%
EPS · est. $3.46
$12.2B
Beat +2.34%
Revenue · est. $11.9B
−4.8%
Trailing market
GD vs S&P since report
6 quarters
Consecutive EPS beats

How Did GD Stock React to Q1 2025 Earnings?

% change · around the report
−4%−2%0Apr 23Apr 24report 7:50am ETearnings+1.2%−1.9%
−4%−2%0Apr 23Apr 24earnings+1.2%−1.9%
GD −1.9%S&P 500 +1.2%
−4%−2%0+2%Apr 23Apr 24report 7:50am ETearnings+2.1%−1.9%
−4%−2%0+2%Apr 23Apr 24earnings+2.1%−1.9%
GD −1.9%NASDAQ +2.1%
−3%0+3%Apr 22May 1report 7:50am ETearnings+4.2%−0.7%
−3%0+3%Apr 22May 1earnings+4.2%−0.7%
GD −0.7%S&P 500 +4.2%
−3%0+3%+6%Apr 22May 1report 7:50am ETearnings+6.2%−0.7%
−3%0+3%+6%Apr 22May 1earnings+6.2%−0.7%
GD −0.7%NASDAQ +6.2%
−3.30%
Day of report
+2.25%
Next session
+2.40%
One week
+3.39%
30 days

S&P 500 over the same 30 days: +8.16%.

Did GD Beat Earnings? Q1 2025 Results

Yes. General Dynamics reported Q1 2025 earnings of $3.66 a share on Apr 23, 2025, beating the $3.46 consensus estimate by 5.7%. Revenue was $12.2B against a $11.9B estimate.

General Dynamics kicked off 2025 with a commanding first quarter, posting earnings per share of $3.66 and revenue of $12.22 billion, beating Wall Street's consensus EPS estimate of $3.46 by 5.72% and topping revenue expectations by 2.34% as sales climbed 13.9% year over year. The standout driver was a resurgent Aerospace segment, where revenue surged 45.2% to $3.03 billion as manufacturing efficiencies from ramping production on new Gulfstream aircraft models, including the freshly certified G800, pushed operating earnings up 69.4% and expanded segment margins by 210 basis points to 14.3%; Gulfstream delivered 36 aircraft in the quarter, up sharply from 24 in the year-ago period. Defense operations added further ballast, with Marine Systems, Combat Systems, and Technologies each posting revenue growth and stable-to-improving margins. Net earnings reached $994 million, a 24.4% increase from a year earlier, while the company's total backlog of $88.66 billion and aggressive capital returns, including $600 million in share repurchases and a 5.6% dividend increase, underscored broad operational confidence.

Key Takeaways
  • Aerospace segment revenue up 45.2% with 210 basis-point margin expansion to 14.3% driven by manufacturing efficiencies on new aircraft models
  • Gulfstream delivered 36 aircraft in Q1 2025 vs. 24 in Q1 2024
  • All four segments achieved revenue and operating earnings growth year over year
  • Operating margin expansion of 70 basis points company-wide to 10.4%
  • Technologies segment margin improved to 9.6% from 9.2%

“We continue to see steady growth and improvement in operating performance across the defense portfolio.”

General Dynamics CEO, on the earnings call

GD YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$4.0B$8.0B$12.0B$10.7B$12.2BRevenue$1.0B$1.3BOperating Income$799.0M$994.0MNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income
GD income statement, Q1 2025 versus Q1 2024
Metric Q1 2025 Q1 2024 Year over year
Revenue $12.2B $10.7B +13.9%
Operating Income $1.3B $1.0B +22.4%
Net Income $994.0M $799.0M +24.4%

GD Revenue by Segment

Marine Systems$3.6B+7.7%
Aerospace$3.0B+45.2%
Technologies$3.4B+6.8%
Combat Systems$2.2B+3.5%

Figures from SEC filings and company reports. Not investment advice.