Saturday 31 October 2026 Export GE’s income statement to Excel — free account

GE Aerospace

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%

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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 Segments Filings

GE Aerospace (GE) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Services	30,163 65.78%	24,847 64.20%	22,641 64.05%	28,272 50.07%	35,385 46.66%	44,608 49.44%	28,792 29.68%	29,233 29.45%	33,450 30.36%
Equipment	12,159 26.52%	10,274 26.55%	9,318 26.36%	25,096 44.44%	37,584 49.56%	42,811 47.45%	60,148 62.00%	62,709 63.16%	76,721 69.64%
GE Capital Revenue From Services	—	—	—	—	—	—	8,072 8.32%	7,337 7.39%	—
Other, not broken out	3,533 7.70%	3,581 9.25%	3,389 9.59%	3,101 5.49%	2,864 3.78%	2,802 3.11%	—	—	—
Products And Services	—	—	—	—	—	—	—	91,942	—
Revenue	45,855	38,702	35,348	56,469	75,833	90,221	97,012	99,279	110,171

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equipment	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2021	FY2020	FY2019	FY2018	FY2017	FY2014	FY2013	FY2012	FY2011
Commercial Engines & Services	33,314 72.65%	26,881 69.46%	23,855 67.49%	—	—	—	—	—	—	—	—	—
Defense & Propulsion Technologies	10,554 23.02%	9,478 24.49%	8,961 25.35%	—	—	—	—	—	—	—	—	—
Aerospace	—	—	—	21,310 37.74%	22,042 29.07%	32,875 36.44%	—	—	23,298 19.88%	21,911 19.35%	19,994 17.76%	18,859 17.13%
Power	—	—	—	16,903 29.93%	17,589 23.19%	18,625 20.64%	—	—	19,802 16.90%	19,315 17.06%	20,364 18.09%	20,335 18.48%
Renewable Energy	—	—	—	15,559 27.55%	15,523 20.47%	15,198 16.85%	—	—	6,386 5.45%	4,824 4.26%	7,373 6.55%	4,924 4.47%
HealthCare Segment1	—	—	—	—	18,008 23.75%	—	—	—	—	—	—	—
HealthcCare	—	—	—	—	—	19,942 22.10%	—	—	18,293 15.61%	18,200 16.07%	18,290 16.25%	18,083 16.43%
GE Industrial	—	—	—	—	—	—	89,038 91.78%	—	—	—	—	—
Capital	—	—	—	—	—	—	9,551 9.85%	9,070 9.14%	10,283 8.78%	11,267 9.95%	11,268 10.01%	11,843 10.76%
Oil And Gas	—	—	—	—	—	—	—	—	18,683 15.94%	17,341 15.31%	15,539 13.80%	13,874 12.61%
Energy Connections & Lighting	—	—	—	—	—	—	—	—	14,812 12.64%	15,907 14.05%	15,379 13.66%	—
Transportation	—	—	—	—	—	—	—	—	5,652 4.82%	5,885 5.20%	5,608 4.98%	4,885 4.44%
Corporate Items And Eliminations	—	—	—	—	—	—	—	—	(25) (0.02%)	(1,405) (1.24%)	(1,228) (1.09%)	3,145 2.86%
Appliances And Lighting	—	—	—	—	—	—	—	—	—	—	—	7,692 6.99%
Energy Connections	—	—	—	—	—	—	—	—	—	—	—	6,422 5.83%
Other, not broken out	1,987 4.33%	2,343 6.05%	2,532 7.16%	2,697 4.78%	2,671 3.52%	3,581 3.97%	—	—	—	—	—	—
Eliminations	—	—	—	—	—	—	(1,577) (1.63%)	—	—	—	—	—
Industrial	—	—	—	—	—	—	—	—	106,926	103,383	102,548	95,074
Revenue	45,855	38,702	35,348	56,469	75,833	90,221	97,012	99,279	117,184	113,245	112,588	110,062

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2021	FY2020	FY2019	FY2018	FY2017	FY2014	FY2013	FY2012	FY2011
Commercial Engines & Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Defense & Propulsion Technologies	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Capital	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerospace	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Power	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
HealthcCare	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Oil And Gas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transportation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Renewable Energy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy Connections & Lighting	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Appliances And Lighting	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy Connections	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2021	FY2020	FY2019	FY2018	FY2017	FY2015	FY2014	FY2013
U.S.	18,194 39.68%	17,340 44.80%	17,105 48.39%	25,607 45.35%	35,217 46.44%	38,963 43.19%	39,876 41.10%	41,468 41.77%	53,238 45.35%	51,147 43.65%	49,356 43.58%
Asia	10,819 23.59%	7,237 18.70%	5,734 16.22%	—	—	—	19,300 19.89%	—	—	—	—
Europe	8,603 18.76%	7,800 20.15%	7,248 20.50%	11,244 19.91%	14,342 18.91%	17,519 19.42%	19,828 20.44%	—	—	—	—
Middle East and Africa	4,575 9.98%	3,734 9.65%	3,399 9.62%	6,259 11.08%	6,991 9.22%	9,441 10.46%	10,117 10.43%	—	—	—	—
Americas	3,664 7.99%	2,593 6.70%	1,862 5.27%	—	—	—	—	—	—	—	—
Asia (excluding China region)	—	—	—	5,762 10.20%	8,241 10.87%	11,260 12.48%	—	—	—	—	—
China region	—	—	—	4,044 7.16%	6,978 9.20%	7,442 8.25%	—	—	—	—	—
Americas Excluding U.S.	—	—	—	3,553 6.29%	4,064 5.36%	5,597 6.20%	7,892 8.14%	—	—	—	—
Non-U.S.	27,661	21,363	18,243	30,862	40,616	51,258	57,136	—	—	—	—
Revenue	45,855	38,702	35,348	56,469	75,833	90,221	97,012	99,279	117,386	117,184	113,245

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Commercial Engines & Services orders	Q3 FY2026	$15.3B	$10.3B	+48.19%
Defense deliveries growth	Q3 FY2026	4.00%	83.0%	—
Defense & Propulsion Technologies orders	Q3 FY2026	$4.3B	$2.9B	+47.31%
Orders	Q3 FY2026	$19.0B	$12.8B	+48.44%
Remaining performance obligations	Q3 FY2026	$212.1B	$176.3B	+20.31%
Services orders growth	Q3 FY2026	23.0%	—	—
Unit volume growth	Q2 FY2026	26.0%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Commercial Engines & Services orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Defense deliveries growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Defense & Propulsion Technologies orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services orders growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unit volume growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.