What drove GD's EPS growth in 2024?

General Dynamics' (GD) EPS growth in 2024 was primarily driven by strong revenue performance and effective cost management, which collectively contributed to improved profitability margins. 1. **Revenue Growth**: The company's total revenue for 2024 was $47.72 billion. This represents a significant increase from the previous year, indicating a robust business performance across its segments, particularly in the Aerospace, Information Systems and Technology, and Marine Systems sectors. |code|Ticker|Name|Date|Operating Profit Margin|Total Revenue|Net Profit Margin|market_code| |---|---|---|---|---|---|---|---| |GD|GD.N|General Dynamics|2024 Q1|8.890131395023763|1.0731E10|7.4457|169| |GD|GD.N|General Dynamics|2024 Q2|8.922358743999649|1.1976E10|7.5043|169| |GD|GD.N|General Dynamics|2024 Q3|9.09011577171447|1.1671E10|7.6619|169| |GD|GD.N|General Dynamics|2024 Q4|9.372118367004777|1.3338E10|7.9261|169| 2. **Net and Operating Margins**: GD maintained healthy net and operating margins, with net margins standing at 7.93% and operating margins at 9.37%. These margins are indicative of efficient management and operational effectiveness, which in turn support EPS growth. 3. **Segment Performance**: While specific segment revenue figures are not provided, the fact that GD operates in diverse segments such as Aerospace, Combat Systems, Corporate, Information Systems and Technology, and Marine Systems suggests a diversified revenue base. Diversification can help mitigate risks and provide a stable revenue stream, which is conducive to EPS growth. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |GD|GD.N|General Dynamics|20240101-2024|Corporate|0|169| |GD|GD.N|General Dynamics|20240101-2024|Corporate|0|169| |GD|GD.N|General Dynamics|20240101-2024|Corporate|0|169| |GD|GD.N|General Dynamics|20240101-2024|Corporate|0|169| |GD|GD.N|General Dynamics|20240101-2024|Marine Systems|3.331E9|169| |GD|GD.N|General Dynamics|20240101-2024|Combat Systems|2.102E9|169| |GD|GD.N|General Dynamics|20240101-2024|Aerospace|2.084E9|169| |GD|GD.N|General Dynamics|20240101-2024|Corporate|0|169| |GD|GD.N|General Dynamics|20240101-2024|Information Systems and Technology|3.214E9|169| In summary, GD's EPS growth in 2024 was driven by a combination of strong revenue performance across its segments, effective cost management, and healthy profitability margins.