Pricing Log in Create free account
Saturday 31 October 2026 Export GE’s income statement to Excel — free account

GE Aerospace

GE Industrials Aerospace & Defense

GE Aerospace’s revenue for fiscal 2025 (year ended December 2025) was $45.9 billion, up 18.5% from fiscal 2024. In the quarter to June 2026, revenue grew 21.1%, EPS grew 19.4%, free cash flow grew 50.2% and total debt rose 1.43%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for three.

301.01 12.04 −3.85%
Market cap
$323.5B
P/E
35.2×
Fwd P/E
32.9×
Dividend yield
0.59%
F-score
5/9
Altman Z
3.36
Beneish M
−2.23
Dividend safety
78/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions trades per month

Total sells 21.27
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — 2 2 — — — — 2 1 — —
Insider Ownership 0.96%

Capital & Financial Ratios $m

Market Cap 323,490.00
Revenue 50,638.00
Net Income 8,981.00
Free Cash Flow 8,552.00
Net Debt 9,812.00
Current Ratio 0.98 (below 1: weak)
Debt/Equity 1.07
P/E ratio 35.16 (above 35: high)
Fwd P/E 32.90
P/S ratio 6.18
P/B ratio 17.52 (above 6: high)
Past 5Y EPS Growth 11.90%
This Y EPS Growth 28.21% (at or above 15%: strong)
Next Y EPS Growth 14.10%
Next Y revenue growth 11.05% (at or above 10%: strong)
Next 5Y EPS Growth 18.71% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.4×, against a ten-year median of 1.7×; over the ten years it ranged from 0.3× in 2020 to 8.1× in 2026.
P/E against its own 10 years 68.53%
10-year low 10-year high
P/S against its own 10 years 84.87%
10-year low 10-year high
P/B against its own 10 years 94.53%
10-year low 10-year high
EV/Sales against its own 10 years 85.31%
10-year low 10-year high
EV/FCF against its own 10 years 60.47%
10-year low 10-year high

Dividends

Payout Ratio 0.21
Annual Dividend Rate 1.77
Annual Dividend Yield 0.59%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.81
0.47
0.47
0.47
2025 1.44
0.36
0.36
0.36
0.36
2024 1.12
0.28
0.28
0.28
0.28
2023 0.26
0.06
0.06
0.06
0.06
2022 0.20
0.05
0.05
0.05
0.05
2021 0.20
0.05
0.05
0.05
0.05
2020 0.20
0.05
0.05
0.05
0.05
2019 0.20
0.05
0.05
0.05
0.05
2018 1.77
0.58
0.58
0.58
0.05
2017 4.27
1.15
1.15
0.24
1.15
0.58
2016 4.46
1.10
1.10
1.10
1.15
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20,910 14,601 12,392 9,345
Receivables 8,703 9,327 11,773 12,360
Inventory 8,284 9,763 11,868 12,440
Other 4,660 3,944 4,563 5,551
42,556 37,635 40,596 39,697
2023 2024 2025 Q'26
Payables 7,516 7,909 10,078 10,822
ST’ Debt 1,108 2,039 1,686 2,000
Other 8,979 8,395 9,222 9,511
32,103 34,392 38,980 40,430

Compound Annual Growth %

10y 5y 3y
Sales (8.97%) (9.57%) 16.32%
Cash Flow (8.11%) 19.06% 13.00%
Earnings 0.00% 10.72% 466.01%
Book Value (15.36%) (12.61%) (18.50%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.02 Actual 2.25

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.44 1.57 Beat by 0.13
Q1 FY26 1.61 1.86 Beat by 0.25
Q2 FY26 1.86 2.02 Beat by 0.16
Q3 FY26 2.02 2.25 Beat by 0.23
Q4 FY26 2.02 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.81 2.26 — — —
’25 1.83 1.89 2.02 2.40 8.14
’24 1.39 1.15 1.70 1.75 5.99
’23 6.71 (0.02) 0.23 1.45 8.36
’22 (0.99) (0.78) (0.21) 1.95 0.05
’21 (2.64) (1.12) 1.08 (3.55) (6.15)
’20 5.60 (2.08) (1.12) 2.16 4.64
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 12,392 13,349 — — —
’25 9,935 11,023 12,181 12,716 45,855
’24 8,955 9,094 9,842 10,811 38,702
’23 14,486 8,755 9,302 2,805 35,348
’22 12,675 14,127 14,470 (12,133) 29,139
’21 17,071 18,253 18,569 2,576 56,469
’20 19,490 16,805 18,529 21,009 75,833
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,823 3,195 — — —
’25 1,509 2,246 2,501 2,281 8,537
’24 994 911 1,508 1,297 4,710
’23 (259) 485 1,823 3,140 5,189
’22 (556) 550 1,423 4,500 5,917
’21 (1,959) 518 2,341 2,581 3,481
’20 (233) (1,162) 1,335 3,628 3,568
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,505 2,905 — — —
’25 1,311 1,934 2,245 1,897 7,387
’24 828 166 1,257 1,042 3,792
’23 (570) 434 542 2,896 4,387
’22 (789) 255 458 4,522 5,295
’21 (2,281) 297 2,039 2,353 2,408
’20 (769) (1,621) 1,037 3,394 2,041
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 129.88 88.74 34.26 38.12 28.28 53.67 38.66 53.49 99.09 159.36 +2.3% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 166.57 163.77 99.72 61.11 68.43 74.94 66.92 103.54 194.80 318.06 +7.5% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 295,000 313,000 283,000 205,000 174,000 168,000 172,000 125,000 53,000 57,000 (16.7%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.40 0.32 0.34 0.44 0.44 0.34 0.17 0.28 0.73 0.80 +7.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 119,469 99,279 97,012 90,221 75,833 56,469 29,139 35,348 38,702 45,855 (10.1%) 50,922 56,745 61,952 +10.5%
Gross margin, % 26.63 23.86 28.46 28.12 23.69 23.18 34.84 35.11 37.19 36.83 +10.2 pt
EBT 7,031 (11,345) (20,987) (54) 5,970 (5,695) 1,522 10,441 7,620 10,000 +4.0%
EBT margin, % 5.89 (11.43) (21.63) (0.06) 7.87 (10.09) 5.22 29.54 19.69 21.81 +15.9 pt
Net income 7,211 (8,849) (22,443) (4,912) 5,546 (6,408) 403 9,445 6,566 8,698 +2.1%
Depreciation 7,070 6,194 6,582 3,541 3,464 2,360 1,184 1,179 1,184 1,220 (17.7%)
Per share, $
Per share, $ Revenue 105.90 91.43 89.30 82.70 69.32 51.43 26.59 32.46 35.67 43.22 (9.5%)
Earnings 6.07 (8.21) (20.96) (4.96) 4.64 (6.15) 0.05 8.44 6.04 8.20 +3.4%
Cash flow 1.03 6.04 4.58 8.01 3.26 3.17 5.40 4.76 4.34 8.05 +25.7%
Capex (3.12) (1.44) (2.63) (1.94) (1.40) (0.98) (0.57) (0.74) (0.85) (1.08) (11.1%)
Free cash flow (2.10) 4.59 1.96 6.06 1.87 2.19 4.83 4.03 3.49 6.96 n/m
Book value 68.69 67.69 47.39 27.37 33.89 37.90 31.85 26.27 18.03 17.81 (13.9%)
Shares, m 1,128 1,086 1,086 1,091 1,094 1,098 1,096 1,089 1,085 1,061 (0.7%)
Valuation, ×
Valuation, × P/E 22.39 0.00 0.00 0.00 12.01 0.00 0.00 11.96 27.61 37.47 11.1
P/S 1.54 1.01 0.44 0.70 0.80 1.18 2.06 3.11 4.68 7.13 2.3
P/B 2.37 1.37 0.82 2.10 1.65 1.61 1.72 3.84 9.25 17.29 4.2
EV/Sales 1.90 1.51 0.82 1.20 1.21 1.31 2.08 3.10 4.80 7.30 2.5
EV/FCF (140.72) 30.15 37.38 16.33 45.09 30.74 13.66 45.87 88.61 58.86 22.6
Cash, $m
Cash, $m Operating cash flow 1,160 6,554 4,978 8,734 3,568 3,481 5,917 5,189 4,710 8,537 +24.8%
Capex (3,524) (1,566) (2,854) (2,119) (1,527) (1,073) (622) (802) (918) (1,150) (11.7%)
Free cash flow (2,364) 4,988 2,124 6,615 2,041 2,408 5,295 4,387 3,792 7,387 n/m
Balance, $m
Balance, $m Working capital 75,478 63,632 47,471 24,231 30,240 14,395 8,956 10,453 3,243 1,616 (34.8%)
Total debt 135,794 132,611 101,725 90,882 74,902 35,185 24,059 20,525 19,273 20,494 (19.0%)
Net debt 43,352 49,948 37,093 45,183 31,053 7,118 640 (385) 4,672 8,102 (17.0%)
Shareholders’ equity 77,491 73,498 51,481 29,861 37,073 41,612 34,912 28,605 19,564 18,898 (14.5%)
Returns, %
Returns, % ROA 1.60 (2.43) (6.70) (1.89) 2.01 (2.89) 0.02 5.07 4.42 6.87 +5.3 pt
ROIC 6.76 2.95 (9.17) 5.65 1.74 4.15 9.97 16.28 21.71 25.97 +19.2 pt
ROE 7.71 (11.82) (36.49) (13.37) 15.63 (16.71) 0.13 28.93 27.22 45.26 +37.6 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Commercial Engines & Services 33,314 72.65%
Defense & Propulsion Technologies 10,554 23.02%
Other, not broken out 1,987 4.33%
Gross margin 36.83%
Operating margin 24.47%
Pre-tax margin 21.81%

Revenue by segment since 2011

GE Aerospace vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SPCX Space Exploration Technologies Corp. $1.95T — (loss-making) 629× — n/m −367.71% (below 0%: shrinking) 55.27% (1.83%) Compare
GE GE Aerospace $323.5B 35.2× 32.9× +21.10% (above 0%: growing) +19.37% (above 0%: growing) +50.21% (above 0%: growing) 35.03% 23.11%
RTX RTX Corporation $269.1B 34.8× 30.1× +14.49% (above 0%: growing) +27.42% (above 0%: growing) +1,553.61% (above 0%: growing) 20.77% 11.38% Compare
LMT Lockheed Martin Corporation $148.7B 23.4× 19.7× +10.51% (above 0%: growing) +446.58% (above 0%: growing) +2,044.67% (above 0%: growing) 12.19% 12.36% Compare
BA The Boeing Company $136.8B 64.2× — (loss-making) +7.96% (above 0%: growing) n/m +417.59% (above 0%: growing) 9.83% 0.64% Compare
GD General Dynamics Corporation $100.3B 22.4× 20.6× +8.07% (above 0%: growing) +13.49% (above 0%: growing) +17.57% (above 0%: growing) 15.49% 10.36% Compare
HWM Howmet Aerospace Inc. $82.1B 42.8× 33.7× +24.06% (above 0%: growing) +31.68% (above 0%: growing) +38.04% (above 0%: growing) 37.34% 27.92% Compare
NOC Northrop Grumman Corporation $79.9B 17.7× 18.5× +5.07% (above 0%: growing) −5.75% (below 0%: shrinking) +53.53% (above 0%: growing) 19.50% 10.08% Compare
TDG Transdigm Group Incorporated $65.0B 34.9× 30.7× +22.53% (above 0%: growing) +10.86% (above 0%: growing) +13.44% (above 0%: growing) 59.39% 44.76% Compare
Median of peers $118.6B 34.8× 30.1× +10.51% +20.46% +45.79% 20.14% 10.87%

All 94 Aerospace & Defense stocks →

Financial Analysis (summary)

Updated

GE Aerospace reported revenue of $45.9 billion in FY2025, operating income of $11.2 billion in FY2025 and net income of $8.7 billion in FY2025. Free cash flow was $7.4 billion in FY2025, while net debt was $8.1 billion in FY2025.

In Q2 FY2026, revenue was $13.3 billion, operating income was $3.1 billion, net income was $2.4 billion and free cash flow was $2.9 billion. Trailing-twelve-month revenue reached $50.6 billion through Q2 FY2026, and trailing-twelve-month free cash flow reached $8.6 billion through Q2 FY2026.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Melius Research Oct 29, 2026 Target cut — —
Susquehanna Oct 29, 2026 Target cut — —
Bernstein Oct 29, 2026 Target cut — —
Bernstein SocGen Group Oct 23, 2026 Target cut — —
Jefferies Sep 30, 2026 Target cut Buy 455.00 → 435.00

Pay and ownership Proxy statement filed 12 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 45.62m 213.47m 586.00
2024 88.95m 284.67m 316.00
2023 14.70m 182.55m 191.00
2022 8.20m (23.80m) 98.00
2021 22.66m 21.30m 110.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

GE Aerospace (GE) Latest News

29 Oct

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

28 Oct

Impact 4 ·
Impact 4 ·
Impact 4 · earnings
Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

27 Oct

Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

24 Oct

Impact 3 ·

23 Oct

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 ·

22 Oct

Impact 4 ·
Impact 4 ·
Impact 4 · earnings

GE metrics, ten years each

stockrow.com/GE · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com