Filing Flows › General Dynamics (GD) › Q4 2025
General Dynamics (GD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 30, 2026
General Dynamics (GD) reported revenue of $14.4B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +11% from the quarter before. Operating margin was 10.1%, net earnings $1.1B (7.9% of revenue).
General Dynamics, Q4 2025: revenue $14.4B (+8% year over year), operating margin 10.1%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.4B | +11% | +8% |
| Operating profit | $1.5B | +9% | +2% |
| Net earnings | $1.1B | +8% | -0.4% |
| Operating cash flow | $1.6B | -26% | -28% |
| Free cash flow | $952M | — | -47% |
What changed
Revenue was $14.4B in Q4 2025, up 8% year over year and up 11% from the previous quarter. Marine Systems was the largest line at 34% of revenue.
Operating profit was $1.5B, a 10.1% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 11% margin then. Total costs grew 8% against revenue growth of 8%. Net earnings were $1.1B, roughly flat year over year. The effective tax rate was 18.3%.
Operating cash flow was $1.6B (down 28% year over year), 137% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.12B. After capital expenditures ($0.61B), free cash flow as the company reports it was $1.0B.
Questions
What was General Dynamics' revenue in the fourth quarter 2025?
General Dynamics (GD) reported revenue of $14.4B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +11% from the quarter before.
Was General Dynamics profitable in the fourth quarter 2025?
Operating profit was $1.5B (10.1% of revenue) and net earnings $1.1B.
Source: General Dynamics 10-K on SEC EDGAR.