GE Aerospace (GE) Financials

$234.93 -0.36 (-0.15%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for GE Aerospace

This table shows GE Aerospace's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	6,556	9,188	48	-12,910	5,230	-5,439	-22,802	-8,920	6,845	-6,145
Consolidated Net Income / (Loss)	6,566	9,445	403	-6,408	5,546	-4,912	-22,443	-8,849	7,211	-5,795
Net Income / (Loss) Continuing Operations	6,657	9,448	1,353	-4,939	6,457	-606	-21,080	-8,537	8,165	1,700
Total Pre-Tax Income	7,620	10,441	1,522	-5,695	5,970	-54	-20,987	-11,345	7,031	8,186
Total Operating Income	6,341	4,753	2,050	-6,602	-3,056	650	-18,542	-8,772	7,917	11,649
Total Gross Profit	14,394	12,409	10,152	13,091	17,962	25,369	27,609	23,686	31,817	34,693
Total Revenue	38,702	35,348	29,139	56,469	75,833	90,221	97,012	99,279	119,469	117,386
Operating Revenue	38,702	35,348	29,139	56,469	75,834	90,221	97,012	99,279	119,468	115,158
Total Cost of Revenue	24,308	22,939	18,987	43,378	57,871	64,852	69,403	75,593	87,652	82,693
Operating Cost of Revenue	24,308	22,939	18,987	43,378	57,871	64,852	69,498	75,593	87,652	82,693
Total Operating Expenses	8,053	7,656	8,102	19,693	21,019	24,719	46,151	32,458	23,900	23,044
Selling, General & Admin Expense	4,437	4,045	3,672	8,177	12,628	17,276	14,643	15,317	18,738	17,831
Research & Development Expense	1,286	1,011	808	1,682	2,565	3,118	3,415	-	-	-
Other Operating Expenses / (Income)	2,079	2,600	3,622	9,834	4,949	2,839	25,303	14,591	5,162	5,213
Impairment Charge	251	0.00	0.00	-	877	1,486	-	2,550	0.00	-
Total Other Income / (Expense), net	1,278	5,689	-528	906	9,027	-704	-2,445	-2,572	-885	-3,463
Interest Expense	986	1,029	1,339	1,790	2,369	3,183	4,766	4,655	5,025	3,463
Other Income / (Expense), net	2,264	6,718	811	2,696	11,396	2,479	2,321	2,083	4,140	-
Income Tax Expense	962	994	169	-757	-487	552	93	-2,808	-1,133	6,485
Net Income / (Loss) Discontinued Operations	-91	-3.00	-949	-1,469	-911	-4,306	-1,363	-312	-954	-7,495
Net Income / (Loss) Attributable to Noncontrolling Interest	11	-38	69	-188	-158	66	-89	-365	-289	332
Basic Earnings per Share	$6.04	$16.85	$1.02	($10.62)	$4.63	($4.99)	($2.62)	($1.03)	$0.76	($0.62)
Weighted Average Basic Shares Outstanding	1.07B	1.09B	1.09B	1.10B	8.77B	8.74B	8.53B	8.24B	8.74B	9.33B
Diluted Earnings per Share	$5.99	$8.36	$0.05	($6.00)	$4.63	($4.99)	($2.62)	($1.03)	$0.75	($0.61)
Weighted Average Diluted Shares Outstanding	1.07B	1.09B	1.09B	1.10B	8.77B	8.74B	8.53B	8.24B	8.74B	9.33B
Weighted Average Basic & Diluted Shares Outstanding	1.07B	1.09B	1.09B	1.10B	8.77B	8.74B	8.53B	8.24B	8.74B	9.33B
Cash Dividends to Common per Share	$1.12	$0.32	$0.32	$0.32	$0.04	$0.04	$0.37	$0.84	$0.93	$0.92

This table shows GE Aerospace's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,978	1,901	1,852	1,266	1,537	1,592	261	-25	7,360	2,097	88
Consolidated Net Income / (Loss)	1,972	1,893	1,842	1,268	1,563	1,592	338	37	7,478	2,209	165
Net Income / (Loss) Continuing Operations	1,962	2,091	1,695	1,322	1,549	1,664	307	1,256	6,221	3,934	-245
Total Pre-Tax Income	2,245	2,414	1,893	1,447	1,866	2,107	333	1,509	6,492	3,900	-232
Total Operating Income	2,154	2,424	1,123	1,757	1,037	1,362	1,449	1,262	680	2,297	-35
Total Gross Profit	3,940	2,826	3,616	3,519	4,433	2,279	3,310	3,063	3,757	713	2,936
Total Revenue	9,935	3,713	9,842	9,094	16,053	2,805	9,302	8,755	14,486	-12,133	14,470
Operating Revenue	9,934	3,714	9,842	9,093	16,053	2,807	9,302	8,754	14,485	-12,134	14,471
Total Cost of Revenue	5,995	887	6,226	5,575	11,620	526	5,992	5,692	10,729	-12,846	11,534
Operating Cost of Revenue	5,995	887	6,226	5,575	11,620	526	5,992	5,692	10,729	-12,846	11,534
Total Operating Expenses	1,786	402	2,493	1,762	3,396	917	1,861	1,801	3,077	-1,583	2,971
Selling, General & Admin Expense	876	-86	1,330	924	2,269	-11	1,001	913	2,142	-2,836	1,966
Research & Development Expense	359	148	331	300	507	94	247	239	431	-460	426
Other Operating Expenses / (Income)	500	770	581	463	265	1,349	466	486	299	2,131	408
Restructuring Charge	51	-	-	75	355	-	147	163	205	-	171
Total Other Income / (Expense), net	92	-12	770	-311	831	745	-1,115	247	5,812	1,601	-196
Interest Expense	210	209	251	248	278	241	270	249	269	210	374
Other Income / (Expense), net	302	197	1,021	-63	1,109	986	-845	496	6,081	1,811	178
Income Tax Expense	283	321	198	125	318	444	26	253	271	-34	13
Net Income / (Loss) Discontinued Operations	10	-198	147	-54	14	-73	31	-1,218	1,257	-1,723	409
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.00	2.00	-20	2.00	27	-1.00	-14	4.00	-27	18	4.00
Basic Earnings per Share	$1.85	$1.77	$3.28	$1.16	$1.41	$1.46	$0.24	($0.02)	$6.76	$1.93	$0.08
Weighted Average Basic Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B
Diluted Earnings per Share	$1.83	$1.77	$1.70	$1.15	$1.39	$1.46	$0.24	($0.02)	$6.71	$1.93	$0.08
Weighted Average Diluted Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B
Weighted Average Basic & Diluted Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B	1.09B
Cash Dividends to Common per Share	$0.36	$0.29	$0.28	$0.56	$0.00	$0.08	$0.08	$0.08	$0.08	$0.17	$0.08

This table details how cash moves in and out of GE Aerospace's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-3,875	664	2,232	-20,750	532	1,529	-9,176	-6,551	-41,315	3,325
Net Cash From Operating Activities	4,710	5,189	5,917	3,481	3,568	8,734	4,978	6,554	1,160	19,891
Net Cash From Continuing Operating Activities	5,817	4,609	4,027	-850	1,025	8,838	3,210	5,840	7,503	11,856
Net Income / (Loss) Continuing Operations	6,657	9,448	1,352	-4,939	6,457	-606	-21,080	-8,537	8,165	1,700
Consolidated Net Income / (Loss)	6,566	9,445	403	-6,408	5,546	-4,912	-22,443	-8,849	7,211	-5,795
Net Income / (Loss) Discontinued Operations	-91	-3.00	-949	-1,469	-911	-4,306	-1,363	-312	-954	-7,495
Depreciation Expense	834	797	846	1,622	2,128	2,018	4,419	4,332	4,997	4,847
Amortization Expense	350	382	338	738	1,336	1,523	2,163	1,862	2,073	-
Non-Cash Adjustments To Reconcile Net Income	-493	-6,648	448	5,580	-5,944	5,490	24,114	481	-1,241	-
Changes in Operating Assets and Liabilities, net	-1,532	631	1,042	-3,852	-2,954	416	-6,405	7,702	-6,489	5,257
Net Cash From Discontinued Operating Activities	-1,107	580	1,889	4,332	2,543	-104	1,768	714	-6,343	8,034
Net Cash From Investing Activities	-1,666	3,967	2,270	21,379	16,671	8,977	18,280	5,379	49,135	59,488
Net Cash From Continuing Investing Activities	-556	7,693	10,369	25,822	19,297	12,197	18,925	6,728	62,566	61,613
Purchase of Property, Plant & Equipment	-1,032	-862	-662	-1,113	-1,730	-2,498	-6,947	-7,096	-7,948	-8,087
Acquisitions	-135	-41	-30	-69	-85	-68	-1.00	-2,722	-2,271	-12,027
Purchase of Investments	-963	-986	-876	-1,290	-1,352	-1,600	-	-	-	-
Sale of Property, Plant & Equipment	114	60	153	151	203	379	4,093	5,530	4,424	3,020
Divestitures	5,250	9,004	4,717	26,501	417	9,247	8,425	4,672	65,247	81,898
Other Investing Activities, net	-3,790	519	7,068	1,641	21,842	6,737	10,791	6,343	3,113	-3,192
Net Cash From Discontinued Investing Activities	-1,110	-3,726	-8,099	-4,443	-2,626	-3,220	-645	-1,349	-13,431	-2,125
Net Cash From Financing Activities	-6,726	-8,613	-5,585	-45,397	-19,852	-16,133	-31,806	-18,484	-90,464	-76,054
Net Cash From Continuing Financing Activities	-6,628	-10,511	-13,540	-45,256	-19,762	-15,686	-27,345	-23,927	-91,253	-69,547
Repayment of Debt	206	-2,894	-12,046	-37,737	-34,112	-17,223	-25,990	-25,305	-62,510	-73,102
Repurchase of Preferred Equity	0.00	-5,795	-144	0.00	-	-	-	-	-	-
Repurchase of Common Equity	-5,827	-1,233	-1,048	-107	-28	-	-	-2,550	-21,429	-1,099
Payment of Dividends	-1,008	-589	-639	-575	-648	-649	-4,474	-8,650	-8,806	-9,295
Issuance of Debt	0.00	0.00	0.00	359	15,028	2,185	3,120	12,578	1,492	13,951
Other Financing Activities, net	0.00	0.00	338	-7,196	-	-	-	-	-	-
Net Cash From Discontinued Financing Activities	-98	1,899	7,955	-140	-90	-446	-4,462	5,443	789	-6,507
Effect of Exchange Rate Changes	-193	120	-369	-	145	-	-628	-	-	-
Cash Interest Paid	969	1,067	1,561	2,536	2,976	4,101	4,508	4,211	5,779	-

This table details how cash moves in and out of GE Aerospace's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-1,008	-692	1,625	-6,342	1,534	4,642	282	960	-5,220	4,973	-854
Net Cash From Operating Activities	1,509	1,297	1,508	913	992	3,140	1,823	485	-259	4,500	1,423
Net Cash From Continuing Operating Activities	1,543	1,318	1,913	1,562	1,024	1,255	1,790	1,409	155	3,648	813
Net Income / (Loss) Continuing Operations	1,962	1,896	1,696	1,516	1,549	1,176	307	1,744	6,221	3,933	-245
Consolidated Net Income / (Loss)	1,972	1,890	1,843	1,270	1,563	1,588	339	40	7,478	2,209	165
Net Income / (Loss) Discontinued Operations	10	-6.00	147	-246	14	412	32	-1,704	1,257	-1,724	410
Depreciation Expense	210	209	224	23	378	205	198	27	367	-284	347
Amortization Expense	89	89	89	27	145	104	94	44	140	-855	135
Non-Cash Adjustments To Reconcile Net Income	79	-97	-123	444	-717	-682	233	-173	-6,026	-1,832	-36
Changes in Operating Assets and Liabilities, net	-796	-782	29	-449	-330	451	961	-235	-546	2,684	610
Net Cash From Discontinued Operating Activities	-33	-21	-405	-649	-32	1,884	34	-925	-413	851	610
Net Cash From Investing Activities	-317	321	1,491	-4,286	808	1,685	2,453	1,625	-1,796	678	67
Net Cash From Continuing Investing Activities	-320	342	1,089	-2,756	769	2,814	2,598	1,008	1,273	8,296	668
Purchase of Property, Plant & Equipment	-208	-267	-266	-78	-421	-250	-222	-92	-298	139	-252
Acquisitions	-100	-9.00	-126	-	-	-	-	-	-	-	-30
Purchase of Investments	99	-265	267	176	-1,141	254	141	175	-1,556	313	167
Sale of Property, Plant & Equipment	10	12	15	46	41	6.00	6.00	41	7.00	-4.00	88
Divestitures	0.00	1,170	1,470	-	2,610	1,967	2,733	2,279	2,025	646	288
Other Investing Activities, net	-121	-300	-270	-2,900	-320	838	-60	-1,355	1,096	7,203	407
Net Cash From Discontinued Investing Activities	3.00	-20	401	-1,529	38	-1,129	-145	616	-3,068	-7,618	-602
Net Cash From Financing Activities	-2,284	-2,175	-1,459	-2,888	-204	-395	-3,824	-1,162	-3,232	-458	-1,987
Net Cash From Continuing Financing Activities	-2,284	-2,175	-1,459	-2,790	-204	-348	-3,814	-1,119	-5,230	-8,502	-1,952
Repayment of Debt	-17	-200	386	-185	205	28	-614	-581	-1,727	-8,255	-1,306
Repurchase of Common Equity	-1,965	-1,668	-1,536	-2,301	-322	-288	-313	-323	-309	-360	-318
Payment of Dividends	-302	-306	-308	-308	-86	-88	-151	-147	-203	-184	-161
Issuance of Debt	0.00	-3.00	1.00	2.00	0.00	-	60	-69	9.00	-	-63
Net Cash From Discontinued Financing Activities	0.00	-	-	-98	0.00	-46	-10	-44	1,999	8,044	-35
Effect of Exchange Rate Changes	84	-135	85	-82	-61	-	-	14	65	-	-

This table presents GE Aerospace's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	123,140	173,300	188,851	198,874	256,211	265,177	311,072	369,245	365,183	493,071
Total Current Assets	37,635	42,556	58,384	66,348	84,853	103,096	107,922	142,928	171,873	291,778
Cash & Equivalents	13,619	15,204	15,810	15,770	36,530	35,811	31,124	43,967	48,129	70,483
Short-Term Investments	982	5,706	7,609	12,297	7,319	9,888	33,508	38,696	44,313	31,973
Accounts Receivable	9,327	8,703	14,831	15,620	16,691	16,568	14,645	24,209	30,020	33,804
Inventories, net	9,763	8,284	14,891	15,847	15,890	17,215	13,803	19,419	22,354	22,515
Other Current Assets	3,944	4,119	3,867	6,814	8,423	22,536	7,143	6,301	-	-
Other Current Nonoperating Assets	0.00	541	1,374	0.00	-	-	-	-	14,815	120,951
Plant, Property, & Equipment, net	7,277	7,246	12,192	15,609	16,699	45,879	43,611	53,874	50,518	54,095
Total Noncurrent Assets	78,229	123,499	118,275	116,917	154,659	116,202	159,539	172,441	226,247	147,199
Long-Term Investments	37,741	38,000	36,027	42,209	42,549	38,632	0.00	0.00	24,677	-
Goodwill	8,538	8,948	12,999	26,182	25,524	26,734	33,974	83,968	70,438	65,526
Intangible Assets	4,257	4,642	6,105	9,330	9,671	10,653	12,178	20,273	16,436	17,797
Noncurrent Deferred & Refundable Income Taxes	7,111	7,502	10,001	10,855	14,253	9,889	12,117	8,819	1,833	3,105
Other Noncurrent Operating Assets	18,741	16,480	21,253	25,164	21,913	19,619	35,788	49,305	52,338	57,953
Other Noncurrent Nonoperating Assets	1,841	47,927	31,890	3,177	40,749	4,109	65,482	10,076	1,745	2,818
Total Liabilities & Shareholders' Equity	123,140	173,300	188,851	198,874	256,211	265,177	311,072	369,245	365,183	493,071
Total Liabilities	103,576	144,695	153,938	157,262	219,138	235,316	259,591	292,355	284,668	389,961
Total Current Liabilities	34,392	32,103	49,428	51,953	54,613	78,865	60,451	79,296	85,738	151,567
Short-Term Debt	2,039	1,108	3,739	4,361	4,713	23,641	12,776	24,036	30,714	49,860
Accounts Payable	7,909	7,516	15,399	16,243	16,458	17,357	13,826	15,172	14,435	13,680
Accrued Expenses	16,048	14,499	16,216	17,372	18,371	-	18,983	39,036	34,324	39,373
Other Current Liabilities	8,395	8,601	12,130	13,977	15,071	19,479	14,866	-	-	-
Other Current Nonoperating Liabilities	0.00	378	1,944	0.00	-	-	-	-	4,158	46,487
Total Noncurrent Liabilities	69,184	112,593	104,511	105,308	164,525	156,450	199,142	213,059	198,931	238,393
Long-Term Debt	17,234	19,417	20,320	30,824	70,189	67,241	90,824	110,555	105,497	147,742
Noncurrent Deferred Revenue	1,013	975	1,409	1,989	-	1,555	-	-	-	-
Noncurrent Employee Benefit Liabilities	7,035	7,656	10,400	21,202	29,677	31,687	31,928	41,630	43,780	40,487
Other Noncurrent Operating Liabilities	42,585	45,332	47,908	50,406	56,972	55,764	56,401	58,920	48,998	49,303
Other Noncurrent Nonoperating Liabilities	1,317	39,213	24,474	887	5,886	203	19,989	1,954	656	861
Total Equity & Noncontrolling Interests	19,564	28,605	34,912	41,612	37,073	29,861	51,481	73,498	77,491	100,138
Total Preferred & Common Equity	19,342	27,403	33,696	40,310	35,552	28,316	30,981	56,030	75,828	98,274
Total Common Equity	19,342	27,404	33,690	40,305	35,546	28,310	30,976	56,026	75,821	98,267
Common Stock	24,281	26,977	34,188	34,706	35,009	35,107	36,206	38,086	37,926	38,315
Retained Earnings	80,488	86,553	82,983	85,110	92,247	87,732	93,109	117,245	139,532	140,020
Treasury Stock	-81,566	-79,976	-81,209	-81,093	-81,961	-82,797	-83,925	-84,902	-83,038	-63,539
Accumulated Other Comprehensive Income / (Loss)	-3,861	-6,150	-2,272	1,582	-9,749	-11,732	-14,414	-14,403	-18,599	-16,529
Noncontrolling Interest	223	1,202	1,216	1,302	1,522	1,545	20,500	17,468	1,663	1,864

This table presents GE Aerospace's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	124,123	123,140	126,698	123,190	163,942	173,300	156,662	163,006	164,472	188,851	180,877
Total Current Assets	37,575	37,635	38,649	37,352	59,589	42,556	56,434	60,213	60,286	58,384	60,082
Cash & Equivalents	12,405	13,619	13,724	12,107	18,447	15,204	13,127	12,766	12,001	15,810	12,596
Short-Term Investments	1,000	982	2,232	3,338	3,737	5,706	7,054	10,885	12,814	7,609	6,297
Accounts Receivable	9,653	9,327	8,936	8,370	15,100	8,703	14,546	14,767	14,212	14,831	17,197
Inventories, net	10,504	9,763	9,718	9,469	17,603	8,284	17,020	16,789	16,198	14,891	17,536
Other Current Assets	4,013	3,944	4,040	3,929	3,197	4,119	3,313	3,675	3,708	3,867	5,760
Plant, Property, & Equipment, net	7,426	7,277	7,254	7,095	12,345	7,246	12,203	12,374	12,170	12,192	14,295
Total Noncurrent Assets	79,122	78,229	80,795	78,743	92,007	123,499	88,024	90,418	92,015	118,275	106,500
Long-Term Investments	38,010	37,741	39,514	38,129	38,705	38,000	35,528	37,392	38,262	36,027	33,624
Goodwill	8,696	8,538	8,754	8,859	13,304	8,948	13,177	13,345	13,107	12,999	25,275
Intangible Assets	4,277	4,257	4,371	4,394	5,547	4,642	5,790	5,954	5,990	6,105	7,725
Noncurrent Deferred & Refundable Income Taxes	6,956	7,111	7,491	7,338	10,316	7,502	10,235	10,354	10,344	10,001	11,504
Other Noncurrent Operating Assets	19,288	18,741	18,659	18,206	22,426	16,480	21,734	21,612	21,519	21,253	25,387
Other Noncurrent Nonoperating Assets	1,895	1,841	2,006	1,817	1,709	47,927	1,560	1,761	2,793	31,890	2,985
Total Liabilities & Shareholders' Equity	124,123	123,140	126,698	123,190	163,942	173,300	156,662	163,006	164,472	188,851	180,877
Total Liabilities	104,654	103,576	107,595	104,347	132,838	144,695	126,830	130,638	131,649	153,938	148,124
Total Current Liabilities	34,941	34,392	34,093	32,750	51,087	32,103	48,164	48,108	48,177	49,428	54,657
Short-Term Debt	2,084	2,039	1,681	1,700	1,032	1,108	1,334	1,882	2,262	3,739	4,285
Accounts Payable	8,625	7,909	7,829	7,707	15,184	7,516	15,785	15,515	15,063	15,399	17,331
Accrued Expenses	16,466	16,048	15,524	15,136	20,718	14,499	17,185	17,142	16,586	16,216	16,445
Other Current Liabilities	7,766	8,395	9,059	8,145	12,342	8,601	12,026	11,620	12,313	12,130	15,094
Total Noncurrent Liabilities	69,714	69,184	73,503	71,597	81,750	112,593	78,664	82,530	83,473	104,511	93,469
Long-Term Debt	17,487	17,234	18,240	17,973	19,493	19,417	19,488	19,900	20,159	20,320	26,121
Noncurrent Deferred Revenue	1,054	1,013	-	-	1,297	975	1,337	1,384	1,500	1,409	1,842
Noncurrent Employee Benefit Liabilities	6,872	7,035	7,169	7,248	11,002	7,656	9,718	9,941	10,244	10,400	19,201
Other Noncurrent Operating Liabilities	42,962	42,585	45,794	43,749	48,789	45,332	47,009	49,740	50,019	47,908	45,202
Other Noncurrent Nonoperating Liabilities	1,339	1,317	1,328	1,667	1,169	39,213	1,112	1,565	1,551	24,474	1,103
Total Equity & Noncontrolling Interests	19,468	19,564	19,102	18,843	31,104	28,605	29,832	32,368	32,823	34,912	32,753
Total Preferred & Common Equity	19,251	19,342	18,874	18,598	29,855	27,403	28,665	31,194	31,652	33,696	31,475
Total Common Equity	19,251	19,342	18,874	18,598	29,856	27,404	28,666	31,192	31,648	33,690	31,470
Common Stock	23,927	24,281	24,421	25,297	25,902	26,977	27,244	30,441	30,744	34,188	34,269
Retained Earnings	82,081	80,488	78,889	77,349	88,065	86,553	85,017	84,848	84,955	82,983	82,655
Treasury Stock	-83,024	-81,566	-80,061	-80,013	-78,508	-79,976	-80,244	-80,524	-80,762	-81,209	-81,049
Accumulated Other Comprehensive Income / (Loss)	-3,733	-3,861	-4,375	-4,035	-5,603	-6,150	-3,351	-3,573	-3,289	-2,272	-4,405
Noncontrolling Interest	217	223	229	245	1,248	1,202	1,167	1,174	1,171	1,216	1,278

This table displays calculated financial ratios and metrics derived from GE Aerospace's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.49%	21.31%	-48.40%	-25.54%	-15.95%	-7.00%	-2.28%	-16.90%	1.77%	0.17%
EBITDA Growth	-22.62%	212.73%	361.64%	-113.10%	76.97%	169.20%	-1,847.27%	-102.59%	15.95%	-8.05%
EBIT Growth	-24.98%	300.94%	173.25%	-146.83%	166.54%	119.29%	-142.50%	-155.48%	3.50%	-10.30%
NOPAT Growth	28.83%	135.98%	139.43%	-39.82%	-826.44%	103.51%	-111.38%	-166.80%	279.77%	-79.84%
Net Income Growth	-30.48%	2,243.67%	106.29%	-215.54%	212.91%	78.11%	-153.62%	-222.72%	224.43%	-137.76%
EPS Growth	-28.35%	2,243.67%	106.29%	-215.54%	212.91%	78.11%	-154.37%	-237.33%	222.95%	-140.67%
Operating Cash Flow Growth	-9.23%	-12.30%	69.98%	-2.44%	-59.15%	75.45%	-24.05%	465.00%	-94.17%	-28.21%
Free Cash Flow Firm Growth	-94.16%	16.86%	173.75%	-147.13%	198.25%	-79.78%	40.14%	213.20%	-70.29%	-109.38%
Invested Capital Growth	24.81%	-154.75%	-273.04%	145.57%	-128.57%	-27.69%	-63.08%	-29.80%	39.85%	26.58%
Revenue Q/Q Growth	2.40%	73.19%	-33.55%	-24.61%	-0.31%	5.34%	4.34%	-14.05%	-4.04%	14.23%
EBITDA Q/Q Growth	2.75%	-2.41%	183.03%	-118.25%	39.96%	-25.55%	57.68%	-111.32%	4.96%	39.56%
EBIT Q/Q Growth	3.28%	-13.30%	139.17%	-171.60%	30.68%	-4.75%	43.36%	-856.94%	-9.27%	63.31%
NOPAT Q/Q Growth	23.24%	-21.06%	135.94%	-902.29%	-3.81%	-96.63%	36.93%	-392.36%	-34.42%	1,392.07%
Net Income Q/Q Growth	4.80%	-6.13%	107.37%	-5,778.90%	52.87%	-2.89%	34.33%	-303.29%	-36.09%	15.50%
EPS Q/Q Growth	3.81%	-6.13%	107.37%	-5,778.90%	52.87%	-2.89%	33.67%	-314.58%	-33.63%	16.44%
Operating Cash Flow Q/Q Growth	-28.12%	-20.77%	48.00%	-23.12%	-46.27%	-17.60%	6,719.18%	10.62%	-76.19%	-19.18%
Free Cash Flow Firm Q/Q Growth	-94.50%	-22.05%	177.89%	-164.71%	506.08%	-82.94%	-9.07%	126.26%	-128.19%	-113.61%
Invested Capital Q/Q Growth	18.09%	-269.99%	-176.57%	266.55%	-137.27%	-5.65%	-53.47%	-35.02%	1,038.76%	-13.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.19%	35.11%	34.84%	23.18%	23.69%	28.12%	28.46%	23.86%	26.63%	29.55%
EBITDA Margin	25.29%	35.79%	13.88%	-2.74%	15.57%	7.39%	-9.94%	-0.50%	16.01%	14.05%
Operating Margin	16.38%	13.45%	7.04%	-11.69%	-4.03%	0.72%	-19.11%	-8.84%	6.63%	9.92%
EBIT Margin	22.23%	32.45%	9.82%	-6.92%	11.00%	3.47%	-16.72%	-6.74%	10.09%	9.92%
Profit (Net Income) Margin	16.97%	26.72%	1.38%	-11.35%	7.31%	-5.44%	-23.13%	-8.91%	6.04%	-4.94%
Tax Burden Percent	86.17%	90.46%	26.48%	112.52%	92.90%	9,096.30%	106.94%	78.00%	102.56%	-70.79%
Interest Burden Percent	88.55%	91.02%	53.20%	145.80%	71.58%	-1.73%	129.38%	169.61%	58.31%	70.27%
Effective Tax Rate	12.62%	9.52%	11.10%	0.00%	-8.16%	0.00%	0.00%	0.00%	-16.11%	79.22%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-28.47%	1.17%	-15.57%	-4.16%	6.18%	2.18%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-68.97%	277.61%	-64.95%	-8.09%	2.70%	93.09%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	45.04%	-13.25%	-19.39%	-7.08%	1.67%	-7.01%
Return on Equity (ROE)	27.26%	29.74%	1.05%	-16.29%	16.57%	-12.08%	-34.97%	-11.24%	7.85%	-4.83%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-428.62%	0.00%	33.32%	76.56%	30.85%	-27.05%	-21.28%
Operating Return on Assets (OROA)	5.81%	6.33%	1.48%	-1.72%	3.20%	1.09%	-4.77%	-1.82%	2.81%	2.03%
Return on Assets (ROA)	4.43%	5.22%	0.21%	-2.82%	2.13%	-1.70%	-6.60%	-2.41%	1.68%	-1.01%
Return on Common Equity (ROCE)	26.46%	28.61%	1.02%	-15.70%	15.81%	-8.80%	-23.70%	-9.42%	7.45%	-4.55%
Return on Equity Simple (ROE_SIMPLE)	33.95%	34.47%	1.20%	-15.90%	15.60%	-17.35%	-72.44%	-15.79%	9.51%	-5.90%
Net Operating Profit after Tax (NOPAT)	5,540	4,301	1,822	-4,621	-3,305	455	-12,979	-6,140	9,193	2,421
NOPAT Margin	14.32%	12.17%	6.25%	-8.18%	-4.36%	0.50%	-13.38%	-6.19%	7.69%	2.06%
Net Nonoperating Expense Percent (NNEP)	2.54%	11.50%	-3.57%	-4.27%	40.50%	-276.44%	49.38%	3.93%	3.48%	-90.91%
Return On Investment Capital (ROIC_SIMPLE)	14.27%	8.75%	3.09%	-6.02%	-2.95%	0.38%	-8.37%	-2.95%	4.30%	0.81%
Cost of Revenue to Revenue	62.81%	64.89%	65.16%	76.82%	76.31%	71.88%	71.54%	76.14%	73.37%	70.45%
SG&A Expenses to Revenue	11.46%	11.44%	12.60%	14.48%	16.65%	19.15%	15.09%	15.43%	15.68%	15.19%
R&D to Revenue	3.32%	2.86%	2.77%	2.98%	3.38%	3.46%	3.52%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.81%	21.66%	27.80%	34.87%	27.72%	27.40%	47.57%	32.69%	20.01%	19.63%
Earnings before Interest and Taxes (EBIT)	8,605	11,471	2,861	-3,906	8,340	3,129	-16,221	-6,689	12,057	11,649
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9,789	12,650	4,045	-1,546	11,804	6,670	-9,639	-495	19,127	16,496
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.32	5.03	2.69	2.53	2.61	3.36	1.99	2.46	3.24	2.73
Price to Tangible Book Value (P/TBV)	27.52	9.97	6.21	21.31	264.49	0.00	0.00	0.00	0.00	17.98
Price to Revenue (P/Rev)	4.66	3.90	3.11	1.81	1.22	1.05	0.64	1.39	2.06	2.29
Price to Earnings (P/E)	27.48	14.99	1,885.68	0.00	17.75	0.00	0.00	0.00	35.94	0.00
Dividend Yield	0.67%	0.25%	0.39%	0.34%	0.38%	0.37%	5.22%	5.29%	3.34%	3.46%
Earnings Yield	3.64%	6.67%	0.05%	0.00%	5.63%	0.00%	0.00%	0.00%	2.78%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	16.15	0.00	3.18	2.69	1.73	1.56	2.97
Enterprise Value to Revenue (EV/Rev)	3.81	2.84	1.93	1.21	1.09	1.14	1.25	2.12	2.26	3.14
Enterprise Value to EBITDA (EV/EBITDA)	15.05	7.95	13.93	0.00	7.02	15.48	0.00	0.00	14.11	22.35
Enterprise Value to EBIT (EV/EBIT)	17.12	8.77	19.70	0.00	9.94	33.00	0.00	0.00	22.38	31.65
Enterprise Value to NOPAT (EV/NOPAT)	26.59	23.38	30.92	0.00	0.00	226.95	0.00	0.00	29.35	152.33
Enterprise Value to Operating Cash Flow (EV/OCF)	31.28	19.38	9.52	19.63	23.23	11.82	24.32	32.11	232.60	18.54
Enterprise Value to Free Cash Flow (EV/FCFF)	161.47	6.43	4.21	0.00	2.15	8.00	1.90	4.62	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	0.72	0.69	0.85	2.02	3.04	2.01	1.75	1.69	1.92
Long-Term Debt to Equity	0.88	0.68	0.58	0.74	1.89	2.25	1.76	1.44	1.31	1.43
Financial Leverage	-1.68	-1.41	-1.04	-1.06	-0.65	-0.05	0.30	0.88	0.62	-0.08
Leverage Ratio	6.15	5.70	5.07	5.78	7.79	7.08	5.30	4.67	4.67	4.78
Compound Leverage Factor	5.45	5.19	2.70	8.43	5.58	-0.12	6.86	7.91	2.73	3.36
Debt to Total Capital	49.63%	41.78%	40.80%	45.82%	66.89%	75.27%	66.80%	63.64%	62.85%	65.71%
Short-Term Debt to Total Capital	5.25%	2.26%	6.34%	5.68%	4.21%	19.58%	8.24%	11.37%	14.17%	16.58%
Long-Term Debt to Total Capital	44.38%	39.52%	34.46%	40.14%	62.68%	55.69%	58.57%	52.28%	48.68%	49.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.57%	2.45%	2.06%	1.70%	1.36%	1.28%	13.22%	9.86%	2.16%	1.61%
Common Equity to Total Capital	49.80%	55.78%	57.13%	52.48%	31.74%	23.45%	19.97%	26.49%	34.98%	32.68%
Debt to EBITDA	1.97	1.62	5.95	-22.76	6.35	13.63	-10.75	-271.90	7.12	11.98
Net Debt to EBITDA	-3.38	-3.03	-8.75	22.70	-0.97	0.98	-4.04	-104.91	1.00	5.77
Long-Term Debt to EBITDA	1.76	1.53	5.02	-19.94	5.95	10.08	-9.42	-223.34	5.52	8.96
Debt to NOPAT	3.48	4.77	13.20	-7.61	-22.66	199.74	-7.98	-21.92	14.82	81.63
Net Debt to NOPAT	-5.97	-8.93	-19.42	7.59	3.48	14.40	-3.00	-8.46	2.08	39.31
Long-Term Debt to NOPAT	3.11	4.52	11.15	-6.67	-21.24	147.78	-7.00	-18.00	11.48	61.04
Altman Z-Score	2.54	1.77	1.23	1.29	1.30	1.19	0.88	1.14	1.77	1.47
Noncontrolling Interest Sharing Ratio	2.95%	3.81%	3.30%	3.60%	4.60%	27.12%	32.23%	16.24%	5.19%	5.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.33	1.18	1.28	1.55	1.31	1.79	1.80	2.00	1.93
Quick Ratio	0.70	0.92	0.77	0.84	1.11	0.80	1.44	1.48	1.57	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	912	15,633	13,377	-18,139	38,486	12,904	63,813	45,536	-40,225	-23,621
Operating Cash Flow to CapEx	513.07%	647.01%	1,162.48%	361.85%	233.66%	412.18%	174.42%	418.52%	32.92%	392.56%
Free Cash Flow to Firm to Interest Expense	0.93	15.19	9.99	-10.13	16.25	4.05	13.39	9.78	-8.01	-6.82
Operating Cash Flow to Interest Expense	4.78	5.04	4.42	1.94	1.51	2.74	1.04	1.41	0.23	5.74
Operating Cash Flow Less CapEx to Interest Expense	3.85	4.26	4.04	1.41	0.86	2.08	0.45	1.07	-0.47	4.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.20	0.15	0.25	0.29	0.31	0.29	0.27	0.28	0.20
Accounts Receivable Turnover	4.29	3.00	1.91	3.50	4.56	5.78	4.99	3.66	3.74	4.12
Inventory Turnover	2.69	1.98	1.24	2.73	3.50	4.18	4.18	3.62	3.91	4.11
Fixed Asset Turnover	5.33	3.64	2.10	3.50	2.42	2.02	1.99	1.90	2.28	2.30
Accounts Payable Turnover	3.15	2.00	1.20	2.65	3.42	4.16	4.79	5.11	6.24	6.42
Days Sales Outstanding (DSO)	85.02	121.50	190.72	104.42	80.04	63.14	73.09	99.69	97.50	88.68
Days Inventory Outstanding (DIO)	135.49	184.38	295.45	133.52	104.40	87.29	87.36	100.85	93.42	88.73
Days Payable Outstanding (DPO)	115.81	182.31	304.14	137.58	106.64	87.75	76.25	71.48	58.54	56.82
Cash Conversion Cycle (CCC)	104.71	123.57	182.03	100.37	77.80	62.67	84.20	129.06	132.38	120.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-14,027	-18,655	-7,323	4,232	-9,286	32,505	44,954	121,746	173,422	124,004
Invested Capital Turnover	-2.37	-2.72	-18.85	-22.35	6.53	2.33	1.16	0.67	0.80	1.06
Increase / (Decrease) in Invested Capital	4,628	-11,332	-11,555	13,518	-41,791	-12,449	-76,792	-51,676	49,418	26,042
Enterprise Value (EV)	147,335	100,561	56,348	68,337	82,868	103,261	121,077	210,471	269,820	368,736
Market Capitalization	180,181	137,744	90,513	102,120	92,836	95,159	61,603	137,678	246,034	268,748
Book Value per Share	$17.87	$25.18	$30.83	$36.70	$4.06	$3.24	$3.56	$6.46	$8.57	$9.72
Tangible Book Value per Share	$6.05	$12.69	$13.35	$4.36	$0.04	($1.04)	($1.74)	($5.56)	($1.25)	$1.48
Total Capital	38,837	49,130	58,971	76,797	111,975	120,743	155,081	211,480	216,727	300,712
Total Debt	19,273	20,525	24,059	35,185	74,902	90,882	103,600	134,591	136,211	197,602
Total Long-Term Debt	17,234	19,417	20,320	30,824	70,189	67,241	90,824	110,555	105,497	147,742
Net Debt	-33,069	-38,385	-35,387	-35,091	-11,496	6,551	38,968	51,928	19,092	95,146
Capital Expenditures (CapEx)	918	802	509	962	1,527	2,119	2,854	1,566	3,524	5,067
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9,319	-9,349	-10,724	-9,311	-8,896	2,173	-4,385	5,005	24,407	87,615
Debt-free Net Working Capital (DFNWC)	5,282	11,561	12,695	18,756	34,953	47,872	60,247	87,668	116,849	190,071
Net Working Capital (NWC)	3,243	10,453	8,956	14,395	30,240	24,231	47,471	63,632	86,135	140,211
Net Nonoperating Expense (NNE)	-1,026	-5,144	1,419	1,787	-8,851	5,367	9,464	2,709	1,982	8,216
Net Nonoperating Obligations (NNO)	-33,591	-47,260	-42,235	-37,380	-46,359	2,644	-6,527	44,857	92,906	20,894
Total Depreciation and Amortization (D&A)	1,184	1,179	1,184	2,360	3,464	3,541	6,582	6,194	7,070	4,847
Debt-free, Cash-free Net Working Capital to Revenue	-24.08%	-26.45%	-36.80%	-16.49%	-11.73%	2.41%	-4.52%	5.04%	20.43%	74.64%
Debt-free Net Working Capital to Revenue	13.65%	32.71%	43.57%	33.21%	46.09%	53.06%	62.10%	88.30%	97.81%	161.92%
Net Working Capital to Revenue	8.38%	29.57%	30.74%	25.49%	39.88%	26.86%	48.93%	64.09%	72.10%	119.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.04	$6.74	($0.05)	($3.87)	$2.92	($3.12)	($13.18)	($3.62)	$4.53	($3.12)
Adjusted Weighted Average Basic Shares Outstanding	1.07B	1.36B	1.36B	1.75B	1.74B	1.74B	1.73B	1.73B	1.74B	1.86B
Adjusted Diluted Earnings per Share	$5.99	$6.67	($0.04)	($3.87)	$2.92	($3.12)	($13.18)	($3.62)	$4.48	($3.07)
Adjusted Weighted Average Diluted Shares Outstanding	1.07B	1.36B	1.36B	1.75B	1.74B	1.74B	1.73B	1.73B	1.74B	1.86B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($3.12)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.07B	1.36B	1.36B	1.75B	1.74B	1.74B	1.73B	1.73B	1.74B	1.86B
Normalized Net Operating Profit after Tax (NOPAT)	5,760	4,301	1,822	-4,621	-1,525	1,495	-11,026	-4,355	5,542	8,154
Normalized NOPAT Margin	14.88%	12.17%	6.25%	-8.18%	-2.01%	1.66%	-11.37%	-4.39%	4.64%	6.95%
Pre Tax Income Margin	19.69%	29.54%	5.22%	-10.09%	7.87%	-0.06%	-21.63%	-11.43%	5.89%	6.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.73	11.15	2.14	-2.18	3.52	0.98	-3.40	-1.44	2.40	3.36
NOPAT to Interest Expense	5.62	4.18	1.36	-2.58	-1.40	0.14	-2.72	-1.32	1.83	0.70
EBIT Less CapEx to Interest Expense	7.80	10.37	1.76	-2.72	2.88	0.32	-4.00	-1.77	1.70	1.90
NOPAT Less CapEx to Interest Expense	4.69	3.40	0.98	-3.12	-2.04	-0.52	-3.32	-1.66	1.13	-0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.35%	6.24%	158.56%	-8.97%	11.68%	-13.21%	-19.93%	-97.75%	122.12%	-160.40%
Augmented Payout Ratio	104.10%	19.29%	418.61%	-10.64%	12.19%	-13.21%	-19.93%	-126.57%	419.29%	-179.36%

This table displays calculated financial ratios and metrics derived from GE Aerospace's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.94%	32.37%	5.81%	3.87%	10.82%	123.12%	-35.72%	-38.03%	14.29%	-571.00%	-22.07%
EBITDA Growth	8.42%	9.86%	174.22%	-4.65%	-63.28%	-10.51%	43.36%	2,358.02%	1,266.17%	149.92%	-64.71%
EBIT Growth	9.11%	11.63%	254.97%	-3.64%	-68.26%	-42.84%	322.38%	394.47%	952.59%	167.81%	-86.32%
NOPAT Growth	72.51%	95.51%	-24.73%	52.82%	32.02%	-53.60%	5,552.51%	138.19%	210.56%	147.31%	-103.54%
Net Income Growth	26.01%	18.91%	444.97%	3,327.03%	-79.10%	-27.93%	104.85%	104.29%	774.91%	160.37%	-86.06%
EPS Growth	30.71%	21.23%	608.33%	5,850.00%	-79.10%	-27.93%	104.85%	104.29%	774.91%	160.37%	-86.06%
Operating Cash Flow Growth	51.81%	-58.69%	-17.28%	88.25%	483.01%	-30.22%	28.11%	-11.82%	53.42%	74.35%	-39.21%
Free Cash Flow Firm Growth	152.37%	-120.36%	-17.90%	-43.86%	-89.92%	-10.56%	231.43%	227.25%	227.40%	175.33%	-143.09%
Invested Capital Growth	-36.21%	24.81%	-239.63%	-136.17%	-12.00%	-154.75%	-152.72%	-158.65%	-189.30%	-273.04%	476.39%
Revenue Q/Q Growth	-8.10%	-62.27%	8.23%	-43.35%	472.30%	-69.85%	6.25%	-39.56%	219.39%	-183.85%	2.43%
EBITDA Q/Q Growth	-2.10%	18.80%	40.88%	-34.66%	0.45%	196.54%	-51.01%	-74.83%	144.80%	375.04%	871.60%
EBIT Q/Q Growth	-2.38%	22.25%	26.56%	-21.06%	-8.60%	288.74%	-65.64%	-74.00%	64.58%	2,772.73%	123.95%
NOPAT Q/Q Growth	2.58%	109.01%	-37.36%	86.59%	-19.97%	-19.53%	27.18%	61.20%	-71.88%	9,557.25%	-105.56%
Net Income Q/Q Growth	4.28%	2.77%	45.27%	-18.87%	-1.82%	371.01%	813.51%	-99.51%	238.52%	1,238.79%	119.12%
EPS Q/Q Growth	3.39%	4.12%	47.83%	-17.27%	-1.82%	371.01%	813.51%	-99.51%	238.52%	1,238.79%	119.12%
Operating Cash Flow Q/Q Growth	16.35%	-13.99%	65.17%	-7.96%	-68.41%	72.24%	275.88%	287.26%	-105.76%	216.23%	158.73%
Free Cash Flow Firm Q/Q Growth	290.50%	-119.30%	25.62%	454.96%	-84.87%	-22.17%	-14.09%	-0.34%	34.24%	214.37%	16.82%
Invested Capital Q/Q Growth	7.81%	18.09%	-12.03%	-61.00%	49.11%	-269.99%	22.10%	23.65%	-15.76%	-176.57%	-13.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.66%	76.11%	36.74%	38.70%	27.61%	81.25%	35.58%	34.99%	25.94%	0.00%	20.29%
EBITDA Margin	27.73%	78.62%	24.96%	19.18%	16.63%	94.72%	9.63%	20.89%	50.17%	0.00%	4.32%
Operating Margin	21.68%	65.28%	11.41%	19.32%	6.46%	48.56%	15.58%	14.41%	4.69%	0.00%	-0.24%
EBIT Margin	24.72%	70.59%	21.78%	18.63%	13.37%	83.71%	6.49%	20.08%	46.67%	0.00%	0.99%
Profit (Net Income) Margin	19.85%	50.98%	18.72%	13.94%	9.74%	56.76%	3.63%	0.42%	51.62%	0.00%	1.14%
Tax Burden Percent	87.84%	78.42%	97.31%	87.63%	83.76%	75.56%	101.50%	2.45%	115.19%	56.64%	-71.12%
Interest Burden Percent	91.41%	92.10%	88.29%	85.42%	86.95%	89.74%	55.13%	85.84%	96.02%	94.94%	-162.24%
Effective Tax Rate	12.61%	13.30%	10.46%	8.64%	17.04%	21.07%	7.81%	16.77%	4.17%	-0.87%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	129.64%	134.51%	274.06%	0.00%	-2.11%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	133.07%	137.69%	255.12%	0.00%	-2.70%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-123.46%	-128.49%	-251.57%	0.00%	2.44%
Return on Equity (ROE)	27.58%	27.26%	25.61%	18.59%	11.04%	29.74%	6.18%	6.02%	22.48%	1.05%	0.32%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-179.59%
Operating Return on Assets (OROA)	6.81%	18.43%	5.81%	4.85%	3.01%	16.34%	0.79%	2.95%	8.11%	0.00%	0.21%
Return on Assets (ROA)	5.47%	13.31%	4.99%	3.63%	2.19%	11.08%	0.44%	0.06%	8.97%	0.00%	0.24%
Return on Common Equity (ROCE)	26.78%	26.46%	24.88%	18.08%	10.63%	28.61%	5.94%	5.80%	21.73%	1.02%	0.31%
Return on Equity Simple (ROE_SIMPLE)	36.22%	0.00%	33.19%	25.60%	11.82%	0.00%	35.10%	31.70%	28.40%	0.00%	-17.36%
Net Operating Profit after Tax (NOPAT)	1,882	2,102	1,006	1,605	860	1,075	1,336	1,050	652	2,317	-25
NOPAT Margin	18.95%	56.60%	10.22%	17.65%	5.36%	38.32%	14.36%	12.00%	4.50%	0.00%	-0.17%
Net Nonoperating Expense Percent (NNEP)	0.25%	-0.52%	2.35%	-0.92%	1.72%	1.16%	-3.44%	-3.18%	18.94%	-0.27%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	4.82%	5.41%	2.58%	4.17%	1.67%	2.19%	2.64%	1.94%	1.18%	3.93%	-0.04%
Cost of Revenue to Revenue	60.34%	23.89%	63.26%	61.30%	72.39%	18.75%	64.42%	65.01%	74.06%	0.00%	79.71%
SG&A Expenses to Revenue	8.82%	-2.32%	13.51%	10.16%	14.13%	-0.39%	10.76%	10.43%	14.79%	0.00%	13.59%
R&D to Revenue	3.61%	3.99%	3.36%	3.30%	3.16%	3.35%	2.66%	2.73%	2.98%	0.00%	2.94%
Operating Expenses to Revenue	17.98%	10.83%	25.33%	19.38%	21.15%	32.69%	20.01%	20.57%	21.24%	0.00%	20.53%
Earnings before Interest and Taxes (EBIT)	2,456	2,621	2,144	1,694	2,146	2,348	604	1,758	6,761	4,108	143
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,755	2,919	2,457	1,744	2,669	2,657	896	1,829	7,268	2,969	625
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.16	9.32	10.80	9.29	6.35	5.03	4.16	3.79	3.26	2.69	2.13
Price to Tangible Book Value (P/TBV)	34.22	27.52	35.44	32.34	17.21	9.97	12.29	9.95	8.21	6.21	0.00
Price to Revenue (P/Rev)	5.41	4.66	5.39	4.64	5.13	3.90	5.84	4.63	3.33	3.11	1.53
Price to Earnings (P/E)	30.71	27.48	32.62	37.13	56.30	14.99	12.30	12.43	11.99	1,885.68	0.00
Dividend Yield	0.74%	0.67%	0.48%	0.30%	0.18%	0.25%	0.28%	0.25%	0.28%	0.39%	0.52%
Earnings Yield	3.26%	3.64%	3.07%	2.69%	1.78%	6.67%	8.13%	8.04%	8.34%	0.05%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.83
Enterprise Value to Revenue (EV/Rev)	4.62	3.81	4.46	3.74	4.07	2.84	4.19	3.14	2.05	1.93	1.05
Enterprise Value to EBITDA (EV/EBITDA)	18.31	15.05	17.68	17.47	18.67	7.95	6.60	6.33	5.90	13.93	0.00
Enterprise Value to EBIT (EV/EBIT)	20.79	17.12	20.22	20.49	21.93	8.77	6.46	6.29	6.10	19.70	0.00
Enterprise Value to NOPAT (EV/NOPAT)	28.94	26.59	37.47	29.52	35.83	23.38	15.70	19.96	18.63	30.92	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.06	31.28	25.71	20.27	23.34	19.38	13.06	13.06	10.23	9.52	11.56
Enterprise Value to Free Cash Flow (EV/FCFF)	18.75	161.47	10.16	10.29	28.84	6.43	4.26	3.73	2.97	4.21	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.01	0.99	1.04	1.04	0.66	0.72	0.70	0.67	0.68	0.69	0.93
Long-Term Debt to Equity	0.90	0.88	0.95	0.95	0.63	0.68	0.65	0.61	0.61	0.58	0.80
Financial Leverage	-1.44	-1.68	-1.45	-1.42	-1.28	-1.41	-0.93	-0.93	-0.99	-1.04	-0.90
Leverage Ratio	5.70	6.15	5.79	5.59	5.14	5.70	5.39	5.10	4.88	5.07	5.83
Compound Leverage Factor	5.21	5.67	5.11	4.77	4.47	5.12	2.97	4.38	4.68	4.81	-9.46
Debt to Total Capital	50.13%	49.63%	51.05%	51.08%	39.75%	41.78%	41.11%	40.23%	40.59%	40.80%	48.14%
Short-Term Debt to Total Capital	5.34%	5.25%	4.31%	4.41%	2.00%	2.26%	2.63%	3.48%	4.09%	6.34%	6.78%
Long-Term Debt to Total Capital	44.79%	44.38%	46.74%	46.66%	37.76%	39.52%	38.47%	36.75%	36.49%	34.46%	41.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.56%	0.57%	0.59%	0.64%	2.42%	2.45%	2.30%	2.17%	2.12%	2.06%	2.02%
Common Equity to Total Capital	49.31%	49.80%	48.37%	48.29%	57.83%	55.78%	56.59%	57.60%	57.29%	57.13%	49.83%
Debt to EBITDA	1.96	1.97	2.09	2.47	2.55	1.62	1.61	1.72	2.08	5.95	-6.24
Net Debt to EBITDA	-3.18	-3.38	-3.73	-4.26	-5.01	-3.03	-2.69	-3.09	-3.77	-8.75	4.54
Long-Term Debt to EBITDA	1.75	1.76	1.91	2.26	2.42	1.53	1.50	1.57	1.87	5.02	-5.36
Debt to NOPAT	3.09	3.48	4.43	4.17	4.89	4.77	3.82	5.41	6.57	13.20	-6.00
Net Debt to NOPAT	-5.03	-5.97	-7.91	-7.19	-9.62	-8.93	-6.40	-9.76	-11.91	-19.42	4.36
Long-Term Debt to NOPAT	2.76	3.11	4.06	3.81	4.65	4.52	3.58	4.95	5.91	11.15	-5.15
Altman Z-Score	2.57	2.38	2.41	2.27	1.94	1.59	1.53	1.55	1.61	1.25	1.19
Noncontrolling Interest Sharing Ratio	2.90%	2.95%	2.85%	2.77%	3.79%	3.81%	3.91%	3.62%	3.36%	3.30%	3.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.09	1.13	1.14	1.17	1.33	1.17	1.25	1.25	1.18	1.10
Quick Ratio	0.66	0.70	0.73	0.73	0.73	0.92	0.72	0.80	0.81	0.77	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,320	-2,526	13,088	10,418	1,877	12,407	15,942	18,557	18,622	13,872	-12,130
Operating Cash Flow to CapEx	762.12%	508.63%	600.80%	2,853.13%	261.05%	1,286.89%	843.98%	950.98%	-89.00%	0.00%	867.68%
Free Cash Flow to Firm to Interest Expense	25.34	-12.09	52.14	42.01	6.75	51.48	59.04	74.53	69.23	66.06	-32.43
Operating Cash Flow to Interest Expense	7.19	6.21	6.01	3.68	3.57	13.03	6.75	1.95	-0.96	21.43	3.80
Operating Cash Flow Less CapEx to Interest Expense	6.24	4.99	5.01	3.55	2.20	12.02	5.95	1.74	-2.04	22.07	3.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.26	0.27	0.26	0.22	0.20	0.12	0.15	0.17	0.15	0.21
Accounts Receivable Turnover	3.21	4.29	3.22	3.22	2.52	3.00	1.29	1.65	2.05	1.91	2.73
Inventory Turnover	1.75	2.69	1.79	1.81	1.41	1.98	0.55	0.88	1.22	1.24	2.08
Fixed Asset Turnover	4.01	5.33	3.88	3.83	3.01	3.64	1.54	1.88	2.28	2.10	2.91
Accounts Payable Turnover	2.06	3.15	2.03	2.04	1.58	2.00	0.58	0.93	1.28	1.20	2.13
Days Sales Outstanding (DSO)	113.84	85.02	113.39	113.34	144.91	121.50	283.84	221.54	178.44	190.72	133.48
Days Inventory Outstanding (DIO)	208.88	135.49	203.77	202.09	258.86	184.38	659.19	414.81	299.88	295.45	175.70
Days Payable Outstanding (DPO)	176.94	115.81	179.96	178.72	231.64	182.31	631.72	393.11	286.16	304.14	171.49
Cash Conversion Cycle (CCC)	145.78	104.71	137.20	136.71	172.13	123.57	311.31	243.25	192.16	182.03	137.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-12,932	-14,027	-17,124	-15,285	-9,494	-18,655	-5,042	-6,472	-8,477	-7,323	9,564
Invested Capital Turnover	-3.54	-2.37	-3.41	-3.42	-4.11	-2.72	9.03	11.21	60.93	-18.85	12.49
Increase / (Decrease) in Invested Capital	-3,438	4,628	-12,082	-8,813	-1,017	-11,332	-14,606	-17,507	-17,970	-11,555	12,105
Enterprise Value (EV)	183,192	147,335	168,448	139,199	150,324	100,561	85,515	80,286	63,564	56,348	46,223
Market Capitalization	214,819	180,181	203,768	172,855	189,440	137,744	119,235	118,370	103,046	90,513	67,050
Book Value per Share	$17.94	$17.87	$17.41	$16.99	$27.28	$25.18	$26.34	$28.64	$29.05	$30.83	$28.70
Tangible Book Value per Share	$5.85	$6.05	$5.30	$4.88	$10.05	$12.69	$8.91	$10.92	$11.52	$13.35	($1.40)
Total Capital	39,039	38,837	39,023	38,516	51,629	49,130	50,654	54,150	55,244	58,971	63,159
Total Debt	19,571	19,273	19,921	19,673	20,525	20,525	20,822	21,782	22,421	24,059	30,406
Total Long-Term Debt	17,487	17,234	18,240	17,973	19,493	19,417	19,488	19,900	20,159	20,320	26,121
Net Debt	-31,844	-33,069	-35,549	-33,901	-40,364	-38,385	-34,887	-39,261	-40,656	-35,387	-22,111
Capital Expenditures (CapEx)	198	255	251	32	380	244	216	51	291	-135	164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8,687	-9,319	-9,719	-9,143	-12,650	-9,349	-10,577	-9,664	-10,444	-10,724	-9,183
Debt-free Net Working Capital (DFNWC)	4,718	5,282	6,237	6,302	9,534	11,561	9,604	13,987	14,371	12,695	9,710
Net Working Capital (NWC)	2,634	3,243	4,556	4,602	8,502	10,453	8,270	12,105	12,109	8,956	5,425
Net Nonoperating Expense (NNE)	-90	209	-836	337	-703	-517	998	1,013	-6,826	108	-190
Net Nonoperating Obligations (NNO)	-32,400	-33,591	-36,226	-34,128	-40,598	-47,260	-34,874	-38,840	-41,300	-42,235	-23,189
Total Depreciation and Amortization (D&A)	299	298	313	50	523	309	292	71	507	-1,139	482
Debt-free, Cash-free Net Working Capital to Revenue	-21.89%	-24.08%	-25.72%	-24.54%	-34.27%	-26.45%	-51.82%	-37.78%	-33.74%	-36.80%	-20.94%
Debt-free Net Working Capital to Revenue	11.89%	13.65%	16.50%	16.92%	25.83%	32.71%	47.06%	54.68%	46.43%	43.57%	22.14%
Net Working Capital to Revenue	6.64%	8.38%	12.05%	12.35%	23.03%	29.57%	40.52%	47.33%	39.12%	30.74%	12.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.85	$1.77	$3.28	$1.16	$1.41	$1.17	$0.19	($0.02)	$5.40	$1.21	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.36B	1.36B	1.36B	1.36B	1.73B	1.74B
Adjusted Diluted Earnings per Share	$1.83	$1.77	$1.70	$1.15	$1.39	$1.17	$0.18	($0.02)	$5.36	$1.21	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.36B	1.36B	1.36B	1.36B	1.73B	1.74B
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.77	$0.00	$0.00	$0.00	$1.17	$0.00	$0.00	$0.00	$1.21	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.07B	1.07B	1.08B	1.08B	1.09B	1.36B	1.36B	1.36B	1.36B	1.73B	1.74B
Normalized Net Operating Profit after Tax (NOPAT)	1,927	2,102	1,230	1,674	1,155	1,075	1,471	1,186	848	1,608	95
Normalized NOPAT Margin	19.40%	56.60%	12.50%	18.40%	7.19%	38.32%	15.82%	13.55%	5.85%	0.00%	0.66%
Pre Tax Income Margin	22.60%	65.01%	19.23%	15.91%	11.62%	75.12%	3.58%	17.24%	44.82%	0.00%	-1.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.70	12.54	8.54	6.83	7.72	9.74	2.24	7.06	25.13	19.56	0.38
NOPAT to Interest Expense	8.96	10.06	4.01	6.47	3.09	4.46	4.95	4.22	2.42	11.03	-0.07
EBIT Less CapEx to Interest Expense	10.75	11.32	7.54	6.70	6.35	8.73	1.44	6.86	24.05	20.20	-0.06
NOPAT Less CapEx to Interest Expense	8.02	8.84	3.01	6.34	1.73	3.45	4.15	4.01	1.34	11.68	-0.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.55%	15.35%	12.61%	13.30%	13.37%	6.24%	6.81%	7.03%	7.81%	158.56%	-10.96%
Augmented Payout Ratio	124.68%	104.10%	83.59%	81.01%	48.67%	19.29%	19.78%	20.28%	22.47%	418.61%	-23.92%

Frequently Asked Questions About GE Aerospace's Financials

When does GE Aerospace's fiscal year end?

According to the most recent income statement we have on file, GE Aerospace's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has GE Aerospace's net income changed over the last 9 years?

GE Aerospace's net income appears to be on a downward trend, with a most recent value of $6.57 billion in 2024, falling from -$5.80 billion in 2015. The previous period was $9.45 billion in 2023. See GE Aerospace's forecast for analyst expectations on what’s next for the company.

What is GE Aerospace's operating income?

GE Aerospace's total operating income in 2024 was $6.34 billion, based on the following breakdown:

Total Gross Profit: $14.39 billion
Total Operating Expenses: $8.05 billion

How has GE Aerospace revenue changed over the last 9 years?

Over the last 9 years, GE Aerospace's total revenue changed from $117.39 billion in 2015 to $38.70 billion in 2024, a change of -67.0%.

How much debt does GE Aerospace have?

GE Aerospace's total liabilities were at $103.58 billion at the end of 2024, a 28.4% decrease from 2023, and a 73.4% decrease since 2015.

How much cash does GE Aerospace have?

In the past 9 years, GE Aerospace's cash and equivalents has ranged from $13.62 billion in 2024 to $70.48 billion in 2015, and is currently $13.62 billion as of their latest financial filing in 2024.

How has GE Aerospace's book value per share changed over the last 9 years?

Over the last 9 years, GE Aerospace's book value per share changed from 9.72 in 2015 to 17.87 in 2024, a change of 83.9%.

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This page (NYSE:GE) was last updated on 5/21/2025 by MarketBeat.com Staff

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GE Aerospace (GE) Financials

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