General Dynamics reported third-quarter Q3 2025 revenue of $12.9 billion, up 10.6% from the year-ago quarter, operating earnings of $1.3 billion, and diluted EPS of $3.88, up 15.8%. Operating margin of 10.3% expanded 20-basis-point from the year-ago quarter.

1. 01

   General Dynamics reported third-quarter Q3 2025 revenue of $12.9 billion, up 10.6% from the year-ago quarter, operating earnings of $1.3 billion, and diluted EPS of $3.88, up 15.8%. Operating margin of 10.3% expanded 20-basis-point from the year-ago quarter.

2. 02

   The company said Aerospace segment revenue in the Q3 quarter was $3,234 million, up 30.3%, and operating earnings were $430 million, up 41.0%. Aerospace operating margin was 13.3% compared with 12.3% in the year-ago quarter.

3. 03

   General Dynamics said net cash provided by operating activities in the Q3 quarter totaled $2.1 billion, or 199% of net earnings. During the quarter, the company paid $403 million in dividends and invested $212 million in capital expenditures, ending the quarter with $8 billion in total debt and $2.5 billion in cash and equivalents.

4. 04

   The company said orders totaled $19.3 billion in the Q3 quarter on a companywide basis, with a book-to-bill ratio of 1.5-to-1. Total estimated contract value at the end of the quarter was $167.7 billion, comprising backlog of $109.9 billion and estimated potential contract value of $57.8 billion.

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Original filing

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