General DynamicsGDEarnings & Financial Report
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S.
Revenue
$12.9B
Gross Profit
N/A
Operating Profit
$1.3B
Net Profit
$1.1B
Gross Margin
N/A
Operating Margin
10.3%
Net Margin
8.2%
YoY Growth
10.6%
General Dynamics Q3 FY2025 Financial Summary
General Dynamics reported revenue of $12.9B (up 10.6% YoY) for Q3 FY2025, with a net profit of $1.1B (up 13.9% YoY) (8.2% margin).
Key Financial Metrics
| Total Revenue | $12.9B |
|---|---|
| Net Profit | $1.1B |
| Gross Margin | N/A |
| Operating Margin | 10.3% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
General Dynamics Q3 FY2025 revenue of $12.9B breaks down across 11 segments, led by Nuclear Powered Submarines at $3.2B (24.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Nuclear Powered Submarines | $3.2B | 24.5% |
| Aircraft Manufacturing | $2.3B | 17.8% |
| Information Technology Services | $2.2B | 17.3% |
| Militaryvehicles | $1.2B | 9.5% |
| C5ISR Solutions | $1.1B | 8.5% |
| Aircraft Services | $941.0M | 7.3% |
| Weapons Systemsand Munitions | $742.0M | 5.7% |
| Surfaceships | $642.0M | 5.0% |
| Repairand Other Services | $288.0M | 2.2% |
| Engineeringand Other Services | $279.0M | 2.2% |
| Contracts Accounted For Under Percentage Of Completion | $81.0M | 0.6% |
General Dynamics Revenue by Segment — Quarterly Trend
General Dynamics revenue by segment across the last 4 reported quarters, showing how each business line (such as Nuclear Powered Submarines and Aircraft Manufacturing) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Nuclear Powered Submarines | — | — | $3.2B | $3.3B |
| Aircraft Manufacturing | — | — | $2.3B | $2.1B |
| Information Technology Services | — | $2.1B | $2.2B | — |
| Militaryvehicles | — | $1.2B | $1.2B | $1.3B |
| C5ISR Solutions | — | $1.1B | $1.1B | $1.2B |
General Dynamics Annual Revenue by Year
General Dynamics annual revenue history includes year-by-year totals (for example, 2025 revenue was $52.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $52.5B |
| 2024 | $47.7B |
General Dynamics Quarterly Revenue & Net Profit History
General Dynamics results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $13.5B | +10.3% | $1.1B | 8.3% |
| Q4 FY2025 | $14.4B | +7.8% | $1.1B | 7.9% |
| Q3 FY2025 | $12.9B | +10.6% | $1.1B | 8.2% |
| Q2 FY2025 | $13.0B | +8.9% | $1.0B | 7.8% |
| Q1 FY2025 | $12.2B | +13.9% | $994.0M | 8.1% |
| Q4 FY2024 | $13.3B | +26.2% | $1.1B | 8.6% |
| Q3 FY2024 | $11.7B | +15.0% | $930.0M | 8.0% |
| Q2 FY2024 | $12.0B | +21.2% | $905.0M | 7.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.98B | $11.67B | $13.34B | $12.22B | $13.04B | $12.91B | $14.38B | $13.48B |
| YoY Growth | 21.2% | 15.0% | 26.2% | 13.9% | 8.9% | 10.6% | 7.8% | 10.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $55.44B | $57.31B | $55.88B | $56.58B | $56.89B | $57.60B | $57.25B | $59.03B |
| Liabilities | $33.41B | $34.34B | $33.82B | $34.35B | $33.31B | $33.16B | $31.63B | $32.95B |
| Equity | $22.04B | $22.97B | $22.06B | $22.23B | $23.58B | $24.43B | $25.62B | $26.08B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $814.0M | $1.42B | $2.16B | $-148.0M | $1.60B | $2.11B | $1.56B |