Filing Flows › General Dynamics (GD) › Q3 2025
General Dynamics (GD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
General Dynamics (GD) reported revenue of $12.9B for the third quarter 2025 (Q3 2025), +11% from a year earlier and -1% from the quarter before. Operating margin was 10.3%, net earnings $1.1B (8.2% of revenue).
General Dynamics, Q3 2025: revenue $12.9B (+11% year over year), operating margin 10.3%, net earnings $1.1B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.9B | -1% | +11% |
| Operating profit | $1.3B | +2% | +13% |
| Net earnings | $1.1B | +4% | +14% |
| Operating cash flow | $2.1B | +32% | +49% |
| Free cash flow | $1.9B | — | +56% |
What changed
Revenue was $12.9B in Q3 2025, up 11% year over year and down 1% from the previous quarter. Marine Systems was the largest line at 32% of revenue. Aerospace added $0.75B year over year (up 30%), 61% of the total change. Technologies declined 2%.
Operating profit was $1.3B, a 10.3% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 10% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $1.1B, up 14% year over year. The effective tax rate was 16.7%.
Operating cash flow was $2.1B (up 49% year over year), 199% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.77B. After capital expenditures ($0.21B), free cash flow as the company reports it was $1.9B.
Questions
What was General Dynamics' revenue in the third quarter 2025?
General Dynamics (GD) reported revenue of $12.9B for the third quarter 2025 (Q3 2025), +11% from a year earlier and -1% from the quarter before.
Was General Dynamics profitable in the third quarter 2025?
Operating profit was $1.3B (10.3% of revenue) and net earnings $1.1B.
Source: General Dynamics 10-Q on SEC EDGAR.