Saturday 10 October 2026
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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.
308.20
2.58
+0.84%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 129.88 | 82.67 | 31.92 | 35.51 | 27.31 | 51.84 | 37.34 | 52.05 | 98.68 | 159.36 |
Analyst estimates 2026–2028 Powerpack |
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| High | 158.15 | 152.59 | 92.93 | 59.01 | 66.09 | 72.38 | 64.63 | 103.11 | 194.80 | 318.06 | |||||
| People | |||||||||||||||
| People | Employees | 295,000 | 313,000 | 283,000 | 205,000 | 174,000 | 168,000 | 172,000 | 125,000 | 53,000 | 57,000 | ||||
| Revenue/emp, $m | 0.40 | 0.32 | 0.34 | 0.44 | 0.44 | 0.34 | 0.17 | 0.28 | 0.73 | 0.80 | |||||
| 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 | ||||
| Gross margin, % | 26.63 | 23.86 | 28.46 | 28.12 | 23.69 | 23.18 | 34.84 | 35.11 | 37.19 | 36.83 | |||||
| EBT | 7,031 | (11,345) | (20,987) | (54) | 5,970 | (5,695) | 1,522 | 10,441 | 7,620 | 10,000 | |||||
| EBT margin, % | 5.89 | (11.43) | (21.63) | (0.06) | 7.87 | (10.09) | 5.22 | 29.54 | 19.69 | 21.81 | |||||
| Net income | 7,211 | (8,849) | (22,443) | (4,912) | 5,546 | (6,408) | 403 | 9,445 | 6,566 | 8,698 | |||||
| Depreciation | 7,070 | 6,194 | 6,582 | 3,541 | 3,464 | 2,360 | 1,184 | 1,179 | 1,184 | 1,220 | |||||
| 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 | ||||
| Earnings | 7.20 | (5.76) | (20.96) | (4.96) | 4.64 | (6.15) | (0.05) | 8.44 | 6.04 | 8.20 | |||||
| Cash flow | 1.03 | 6.04 | 4.58 | 8.01 | 3.26 | 3.17 | 5.40 | 4.76 | 4.34 | 8.05 | |||||
| Capex | (3.12) | (1.44) | (2.63) | (1.94) | (1.40) | (0.98) | (0.57) | (0.74) | (0.85) | (1.08) | |||||
| Free cash flow | (2.10) | 4.59 | 1.96 | 6.06 | 1.87 | 2.19 | 4.83 | 4.03 | 3.49 | 6.96 | |||||
| Book value | 68.69 | 67.69 | 47.39 | 27.37 | 33.89 | 37.90 | 31.85 | 26.27 | 18.03 | 17.81 | |||||
| Shares, m | 1,128 | 1,086 | 1,086 | 1,091 | 1,094 | 1,098 | 1,096 | 1,089 | 1,085 | 1,061 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.86 | 0.00 | 0.00 | 0.00 | 11.60 | 0.00 | 0.00 | 11.91 | 27.61 | 37.47 | ||||
| P/S | 1.43 | 0.94 | 0.41 | 0.67 | 0.78 | 1.14 | 1.99 | 3.10 | 4.68 | 7.13 | |||||
| P/B | 2.21 | 1.27 | 0.77 | 2.03 | 1.59 | 1.55 | 1.66 | 3.83 | 9.25 | 17.29 | |||||
| EV/Sales | 1.80 | 1.45 | 0.79 | 1.17 | 1.19 | 1.27 | 2.01 | 3.09 | 4.80 | 7.30 | |||||
| EV/FCF | (132.93) | 28.77 | 36.02 | 16.00 | 44.07 | 29.80 | 13.19 | 45.68 | 88.61 | 58.86 | |||||
| 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 | ||||
| Capex | (3,524) | (1,566) | (2,854) | (2,119) | (1,527) | (1,073) | (622) | (802) | (918) | (1,150) | |||||
| Free cash flow | (2,364) | 4,988 | 2,124 | 6,615 | 2,041 | 2,408 | 5,295 | 4,387 | 3,792 | 7,387 | |||||
| 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 | ||||
| Total debt | 135,794 | 132,611 | 101,725 | 90,882 | 74,902 | 35,185 | 24,059 | 20,525 | 19,273 | 20,494 | |||||
| Net debt | 43,352 | 49,948 | 37,093 | 45,183 | 31,053 | 7,118 | 640 | (385) | 4,672 | 8,102 | |||||
| Shareholders’ equity | 77,491 | 73,498 | 51,481 | 29,861 | 37,073 | 41,612 | 34,912 | 28,605 | 19,564 | 18,898 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.60 | (2.43) | (6.70) | (1.89) | 2.01 | (2.89) | 0.02 | 5.07 | 4.42 | 6.87 | ||||
| ROIC | 6.76 | 2.95 | (9.17) | 5.65 | 1.74 | 4.15 | 9.97 | 16.28 | 21.71 | 25.97 | |||||
| ROE | 7.71 | (11.82) | (36.49) | (13.37) | 15.63 | (16.71) | 0.13 | 28.93 | 27.22 | 45.26 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| GE GE Aerospace | $317.1B | 36.0× | 40.3× | +21.10% (above 0%: growing) | +19.37% (above 0%: growing) | +50.21% (above 0%: growing) | 35.03% | 23.11% | |
| RTX RTX Corporation | $248.4B | 32.3× | 31.6× | +14.49% (above 0%: growing) | +27.42% (above 0%: growing) | +1,553.61% (above 0%: growing) | 20.77% | 11.38% | Compare |
| BA The Boeing Company | $148.4B | 71.3× | 468× | +7.96% (above 0%: growing) | n/m | +417.59% (above 0%: growing) | 9.83% | 0.64% | Compare |
| LMT Lockheed Martin Corporation | $117.2B | 18.7× | 17.5× | +10.51% (above 0%: growing) | +446.58% (above 0%: growing) | +2,044.67% (above 0%: growing) | 12.19% | 12.36% | Compare |
| GD General Dynamics Corporation | $89.3B | 20.0× | 20.8× | +8.07% (above 0%: growing) | +13.49% (above 0%: growing) | +17.57% (above 0%: growing) | 15.49% | 10.36% | Compare |
| HWM Howmet Aerospace Inc. | $88.8B | 48.3× | 48.4× | +24.06% (above 0%: growing) | +31.68% (above 0%: growing) | +38.04% (above 0%: growing) | 37.34% | 27.92% | Compare |
| NOC Northrop Grumman Corporation | $68.8B | 15.2× | 19.5× | +5.07% (above 0%: growing) | −5.75% (below 0%: shrinking) | +53.53% (above 0%: growing) | 19.50% | 10.08% | Compare |
| TDG Transdigm Group Incorporated | $60.2B | 33.6× | 35.3× | +22.53% (above 0%: growing) | +10.86% (above 0%: growing) | +13.44% (above 0%: growing) | 59.39% | 44.76% | Compare |
| LHX L3Harris Technologies Inc | $44.1B | 23.8× | 26.5× | +8.39% (above 0%: growing) | +28.57% (above 0%: growing) | +37.43% (above 0%: growing) | 25.54% | 11.12% | Compare |
| Median of peers | $89.0B | 28.1× | 29.1× | +9.45% | +27.42% | +45.79% | 20.14% | 11.25% |
GE metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
GE Aerospace (GE) key facts
- Strength: GE Aerospace’s revenue for fiscal 2025 (year ended December 2025) was $45.9 billion, up 18.5% from fiscal 2024.
- GE Aerospace (GE) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 9, 2026, GE traded at $308.20, a market capitalization of $317.1 billion.
- GE Aerospace pays an annual dividend of $1.77 per share, a yield of 0.57%, with a payout ratio of 20.9%.
- Return on equity was 45.3% and debt-to-equity 1.07.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.36 (safe zone) for fiscal 2025.
Financial Analysis (summary)
Updated
GE Aerospace reported $45.9 billion of revenue and $8.7 billion of net income in FY2025. In Q2 FY2026, revenue was $13.3 billion, operating income was $3.1 billion and net income was $2.4 billion. Trailing-twelve-month revenue to Q2 FY2026 was $50.6 billion.
In FY2025, free cash flow was $7.4 billion, while capital returned to shareholders was $9.0 billion. Net debt reached $9.8 billion in Q2 FY2026. As of September 24, 2026, market capitalisation was $332.6 billion and the P/E was 37.4×.