Q1 25 EPS
$3.66
BEAT +5.72%
Est. $3.46
Q1 25 Revenue
$12.22B
BEAT +2.34%
Est. $11.94B
vs S&P Since Q1 25
-3.2%
TRAILING MARKET
GD +31.4% vs S&P +34.6%
Market Reaction
Did GD Beat Earnings? Q1 2025 Results
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 cli… Read more 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%
GD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
GD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continue to see steady growth and improvement in operating performance across the defense portfolio.”
— Phebe Novakovic, Q1 2025 Earnings Press Release
GD Earnings Trends
GD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GD EPS Trend
Earnings per share: estimate vs actual
GD Revenue Trend
Quarterly revenue: estimate vs actual
GD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.10 | — | $13.48B | — |
| Q4 25 BEAT FY | $4.11 | $4.17 | +1.46% | $14.38B | +4.37% |
| FY Full Year | $15.41 | $15.45 | +0.28% | $52.55B | +1.16% |
| Q3 25 BEAT | $3.71 | $3.88 | +4.57% | $12.91B | +2.99% |
| Q2 25 BEAT | $3.44 | $3.74 | +8.79% | $13.04B | +7.05% |
| Q1 25 BEAT | $3.46 | $3.66 | +5.72% | $12.22B | +2.34% |