Filing Flows › General Dynamics (GD) › Q2 2025
General Dynamics (GD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
General Dynamics (GD) reported revenue of $13.0B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +7% from the quarter before. Operating margin was 10.0%, net earnings $1.0B (7.8% of revenue).
General Dynamics, Q2 2025: revenue $13.0B (+9% year over year), operating margin 10.0%, net earnings $1.0B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0B | +7% | +9% |
| Operating profit | $1.3B | +3% | +13% |
| Net earnings | $1.0B | +2% | +12% |
| Operating cash flow | $1.6B | — | +96% |
| Free cash flow | $1.4B | — | +128% |
What changed
Revenue was $13.0B in Q2 2025, up 9% year over year and up 7% from the previous quarter. Marine Systems was the largest line at 32% of revenue. Marine Systems added $0.77B year over year (up 22%), 72% of the total change.
Operating profit was $1.3B, a 10.0% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 10% margin then. Total costs grew 8% against revenue growth of 9%. Net earnings were $1.0B, up 12% year over year. The effective tax rate was 17.7%.
Operating cash flow was $1.6B (up 96% year over year), 158% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.31B. After capital expenditures ($0.20B), free cash flow as the company reports it was $1.4B.
Questions
What was General Dynamics' revenue in the second quarter 2025?
General Dynamics (GD) reported revenue of $13.0B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +7% from the quarter before.
Was General Dynamics profitable in the second quarter 2025?
Operating profit was $1.3B (10.0% of revenue) and net earnings $1.0B.
Source: General Dynamics 10-Q on SEC EDGAR.