General Dynamics ( (GD) ) has released its Q2 earnings. Here is a breakdown of the information General Dynamics presented to its investors.
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General Dynamics is a global aerospace and defense company based in Reston, Virginia, known for its diverse portfolio in business aviation, shipbuilding, land combat vehicles, and technology services. The company employs over 110,000 people worldwide and reported $47.7 billion in revenue in 2024.
In its second-quarter 2025 financial results, General Dynamics reported strong performance with an 8.9% increase in revenue to $13 billion and a 14.7% rise in diluted earnings per share to $3.74 compared to the same period last year. The company also highlighted robust order activity in its Marine and Aerospace segments.
Key financial metrics showed operating earnings at $1.3 billion, representing a 12.9% increase from the previous year, and an operating margin expansion to 10.0%. The company generated $1.6 billion in cash from operating activities, equating to 158% of net earnings. General Dynamics also reduced its total debt by $897 million and ended the quarter with $1.5 billion in cash and equivalents.
The company reported a consolidated book-to-bill ratio of 2.2-to-1, with a total order value of $28.3 billion and a backlog of $103.7 billion. The estimated potential contract value stood at $57.5 billion, bringing the total estimated contract value to $161.2 billion.
Looking ahead, General Dynamics’ management remains optimistic about the second half of the year, citing strong cash flow and a healthy backlog as key factors supporting future growth and performance.