General Dynamics Corporation Earnings Recaps
Q3 2025
Oct 24, 2025
General Dynamics delivered a remarkable third quarter with a 10.6% revenue increase to $12.9 billion and earnings per share rising 15.8% to $3.88, driven by strong performance across Aerospace and Marine Systems.
Key takeaways
- Aerospace segment revenue surged 30.3%, with operating earnings up 41% year-over-year.
- Marine Systems revenue grew 13.8%, supported by increased Columbia-class and Virginia-class construction.
- Combat Systems saw a 1.8% revenue increase and strong international demand, leading to a book-to-bill ratio of 2:1 for the quarter.
- Overall, year-to-date results reflect an 11% revenue growth and a 16.4% increase in net earnings compared to the previous year.
- Strong order momentum has pushed backlog to record levels, positioning the company for continued growth.