GD
General Dynamics Corporation337.49
-3.20-0.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Supply chain bottlenecks, tariff details quantified
Q&A largely reaffirmed the scripted beat on results and 2026 guidance, but surfaced supply chain as the key bottleneck gating Marine throughput toward Navy's two-per-year Virginia goal despite yard productivity gains. Tariffs dinged Aerospace $41 million in 2025—higher next year but baked into margins—while capex splits half to Electric Boat and funds munitions expansions to 550,000 rounds monthly. No buyback hints; focus locked on business investment. Aero margins have mid-teens headroom by 2027. Supply chain remains the chokepoint. Management stayed execution-focused; investors eye backlog conversion.
Key Stats
Market Cap
91.16BP/E (TTM)
21.89Basic EPS (TTM)
15.42Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
General Dynamics posted FY2025 revenue of $52.6B, up 10.1% y/y, with operating earnings climbing 11.7% to $5.4B and diluted EPS of $15.45, up 13.4%. Aerospace rocketed 16.5% to $13.1B on 158 Gulfstream deliveries (up 16.2%), while Marine Systems surged 16.6% to $16.7B from Virginia/Columbia submarine volume; both saw margin gains to 13.3% and 7.0%. Defense backlog ballooned 30% to $118B, fueled by $20B+ Navy awards. Q4 accelerated sequentially with operating earnings growth all year. Cash flow hit $5.1B (122% of net earnings); repurchased shares to offset dilution, raised dividend 5.6%. U.S. government budgets could disrupt funding.
8-K
Strong 2025 results, huge backlog
General Dynamics reported Q4 net earnings of $1.1 billion on $14.4 billion revenue, up 7.8% year-over-year, while full-year net earnings hit $4.2 billion on $52.6 billion revenue, up 10.1% and 11.3% respectively. Backlog swelled to $118 billion with 1.5x book-to-bill. Cash flow crushed it. Marine Systems revenue surged 21.7% quarterly, yet Aerospace margins dipped to 12.7%.
8-K
Deep promoted to president
General Dynamics promoted Danny Deep, its executive vice president of Global Operations, to president effective December 3, 2025. Deep brings over 20 years with the firm, including stints leading Combat Systems and Land Systems. New pay: $1.3M base, 150% target incentive. Leadership continuity from within.
8-K
Controller retires; successor named
General Dynamics' VP and controller William A. Moss will retire effective March 31, 2026, after notifying the company on December 3. Dana O. Maisano, 44, GDIT's Staff VP of Controller and FP&A since 2018 with over 20 years at GD, succeeds him April 1. Smooth internal handoff. No compensation details disclosed.
8-K
Q3 revenue up 10.6%
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