General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. The company operates through two segments, Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures, maintenance, repair, and overhaul (MRO) services of jet engines and sale of spare parts for commercial airframes, business aviation, and aeroderivative applications. The Defense & Propulsion Technologies designs, develops, manufactures, and services jet engines and avionics and power systems for governments, militaries, and commercial airframers, as well as MRO of engines and the sale of spare parts. This segment also offers aircraft components and systems, such as small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors and engine accessories for fixed wing and rotorcraft applications for commercial and military end users under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands. The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $45.9B | $12.1B | $8.7B | $7.3B | 46.6% | 18.5% | 32.8% |
| 2024 | $38.7B | $9.8B | $6.6B | $3.7B | 33.9% | 9.5% | -30.9% |
| 2023 | $35.3B | $12.6B | $9.5B | $4.3B | 34.6% | 21.3% | 2722.0% |
| 2022 | $29.1B | $4.0B | $336M | $5.3B | 1.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 29,139 | 35,348 | 38,702 | 45,855 |
| Operating Revenue | - | 29,139 | 35,348 | 38,702 | 45,855 |
| Cost Of Revenue | - | 21,579 | 25,825 | 26,737 | 31,417 |
| Gross Profit | - | 7,560 | 9,523 | 11,965 | 14,438 |
| Operating Expense | - | 3,964 | 4,806 | 5,204 | 5,758 |
| Research And Development | - | 808 | 1,011 | 1,286 | 1,580 |
| Selling General And Administration | - | 3,156 | 3,795 | 3,918 | 4,178 |
| Total Expenses | - | 25,543 | 30,631 | 31,941 | 37,175 |
| Operating Income | - | 3,596 | 4,717 | 6,761 | 8,680 |
| EBITDA | - | 4,045 | 12,649 | 9,790 | 12,063 |
| Normalized EBITDA | - | 5,566 | 7,918 | 10,135 | 12,148 |
| EBIT | - | 2,861 | 11,470 | 8,606 | 10,843 |
| Interest Income | - | 466 | 637 | 813 | 946 |
| Interest Expense | - | 1,339 | 1,029 | 986 | 843 |
| Net Interest Income | - | -873 | -392 | -173 | 103 |
| Other Non Operating Income Expenses | - | 249 | 1,218 | 1,203 | 1,086 |
| Other Income Expense | - | -1,202 | 6,118 | 1,031 | 1,217 |
| Interest Income Non Operating | - | 466 | 637 | 813 | 946 |
| Interest Expense Non Operating | - | 1,339 | 1,029 | 986 | 843 |
| Net Non Operating Interest Income Expense | - | -873 | -392 | -173 | 103 |
| Pretax Income | - | 1,522 | 10,441 | 7,620 | 10,000 |
| Tax Provision | - | 169 | 994 | 962 | 1,405 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -168.83 | 449.44 | -43.47 | -11.98 |
| Net Income Continuous Operations | - | 1,353 | 9,448 | 6,657 | 8,595 |
| Net Income From Continuing And Discontinued Operation | - | 336 | 9,482 | 6,556 | 8,704 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,285 | 9,485 | 6,647 | 8,601 |
| Net Income | - | 336 | 9,482 | 6,556 | 8,704 |
| Net Income Common Stockholders | - | 48 | 9,188 | 6,556 | 8,704 |
| Net Income Including Noncontrolling Interests | - | 403 | 9,445 | 6,566 | 8,698 |
| Normalized Income | - | 2,637.17 | 5,203.44 | 6,948.53 | 8,674.02 |
| Diluted NI Availto Com Stockholders | - | 48 | 9,188 | 6,556 | 8,704 |
| Basic Average Shares | - | 1,096 | 1,089 | 1,085.43 | 1,061.46 |
| Diluted Average Shares | - | 1,096 | 1,099 | 1,094.49 | 1,069.29 |
| Reconciled Depreciation | - | 1,184 | 1,179 | 1,184 | 1,220 |
| Reconciled Cost Of Revenue | - | 21,579 | 25,825 | 26,737 | 31,417 |
| Total Unusual Items | - | -1,521 | 4,731 | -345 | -85 |
| Total Unusual Items Excluding Goodwill | - | -1,521 | 4,731 | -345 | -85 |
| Preferred Stock Dividends | 237 | 289 | 295 | - | - |
| Minority Interests | - | -67 | 37 | -11 | 6 |
| Net Income Discontinuous Operations | - | -949 | -3 | -91 | 103 |
| Special Income Charges | - | -1,521 | 4,731 | -345 | -85 |
| Gain On Sale Of Business | - | 85 | 5,673 | 917 | 27 |
| Other Special Charges | 6,524 | 465 | - | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 251 | 0 |
| Restructuring And Mergern Acquisition | - | 1,141 | 942 | 1,011 | 112 |
| Gain On Sale Of Security | 1,649 | 912 | 10 | - | - |
| General And Administrative Expense | - | 3,156 | 3,795 | 3,918 | 4,178 |
| Other Gand A | - | 3,156 | 3,795 | 3,918 | 4,178 |
| Insurance And Claims | - | 2,592 | 2,886 | 2,429 | 2,449 |
| Earnings From Equity Interest | - | 70 | 169 | 173 | 216 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| GE Aerospacethis co. | GE | $342.3B | 39.33 | 18.33 | 46.6% | 29.05 |
| Caterpillar Inc. | CAT | $433.2B | 48.76 | 20.32 | 41.7% | 32.61 |
| GE Vernova Inc. | GEV | $258.9B | 53.00 | 23.16 | 43.7% | 112.04 |
| RTX Corporation | RTX | $241.6B | 35.89 | 3.70 | 10.3% | 18.31 |
| The Boeing Company | BA | $171.4B | 90.73 | 31.43 | 34.6% |
| - |
| - |
| - |
| - |
| 26.69 |
| Eaton Corporation plc | ETN | $162.5B | 39.77 | 8.37 | 21.0% | 27.91 |
| Deere & Company | DE | $159.7B | 31.78 | 6.16 | 19.4% | 18.51 |
| Union Pacific Corporation | UNP | $156.7B | 21.95 | 8.48 | 38.7% | 14.55 |
| Honeywell International Inc. | HON | $137.9B | 29.16 | 9.92 | 34.0% | 19.61 |
| Peer Median | - | 37.83 | 9.20 | 34.3% | 23.15 | |