Q4 25 EPS
$4.17
BEAT +1.46%
Est. $4.11
Q4 25 Revenue
$14.38B
BEAT +4.37%
Est. $13.78B
vs S&P Since Q4 25
-6.6%
TRAILING MARKET
GD -2.7% vs S&P +3.8%
Full Year 2025 Results
FY 25 EPS
$15.45
BEAT +0.28%
Est. $15.41
FY 25 Revenue
$52.55B
BEAT +1.16%
Est. $51.95B
Market Reaction
Did GD Beat Earnings? Q4 2025 Results
General Dynamics closed out fiscal 2025 with a strong fourth quarter, beating analyst expectations on both the top and bottom lines as surging demand across its defense portfolio drove results. The defense and aerospace giant reported Q4 revenue of $… Read more General Dynamics closed out fiscal 2025 with a strong fourth quarter, beating analyst expectations on both the top and bottom lines as surging demand across its defense portfolio drove results. The defense and aerospace giant reported Q4 revenue of $14.38 billion, up 7.8% year over year and ahead of the $13.78 billion consensus estimate by 4.37%, while diluted EPS of $4.17 edged past the $4.11 consensus by 1.46%. The standout driver was Marine Systems, where a 21.7% revenue jump to $4.82 billion and dramatically improved operating margins reflected accelerating naval shipbuilding activity. The quarter's momentum was underscored by $22.40 billion in new orders, a 1.6x book-to-bill ratio that pushed total backlog to $118.05 billion at year end, a 24% increase in total estimated contract value to $178.94 billion. With analysts noting the stock trades at a meaningful discount to aerospace and defense peers on a price-to-earnings basis, CEO Phebe Novakovic signaled continued confidence by committing to even higher capital investment in 2026 beyond the $1.16 billion deployed this year.
Key Takeaways
- • Marine Systems revenue surged 21.7% in Q4 with operating earnings up 72.5% and margin expansion to 7.2%
- • Strong demand with Q4 book-to-bill of 1.6x and full-year book-to-bill of 1.5x
- • Total backlog grew 30% to $118 billion at year end
- • Total estimated contract value of $179 billion, up 24% from prior year
- • Full-year operating cash flow of $5.1 billion, up $1 billion from 2024, representing 122% of net earnings
- • Gulfstream delivered 158 aircraft for full year 2025, up from 136 in 2024
GD YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
GD Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a solid fourth quarter, capping off a year that saw growth in revenue and earnings in all four segments coupled with an impressive 30% growth in company-wide backlog.”
— Phebe N. Novakovic, Q4 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% |