GE Aerospace Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows GE Aerospace (GE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 71/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

GE Aerospace's revenue surged 18.5% year-over-year to $45.9B, reflecting rapid business expansion. This strong growth earns a score of 81/100.

Leverage

GE Aerospace carries a low D/E ratio of 1.10, meaning only $1.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

GE Aerospace's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

GE Aerospace converts 15.8% of revenue into free cash flow ($7.3B). This strong cash generation earns a score of 79/100.

Returns

100

GE Aerospace earns a strong 46.6% return on equity (ROE), meaning it generates $47 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 33.9% the prior year.

Piotroski F-Score Neutral

5/9

GE Aerospace passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.98x

For every $1 of reported earnings, GE Aerospace generates $0.98 in operating cash flow ($8.5B OCF vs $8.7B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$45.9B

YoY+18.5%

5Y CAGR-4.6%

10Y CAGR-9.0%

GE Aerospace generated $45.9B in revenue in fiscal year 2025. This represents an increase of 18.5% from the prior year.

EBITDA

N/A

Free Cash Flow

$7.3B

YoY+97.5%

5Y CAGR+28.3%

10Y CAGR-5.3%

GE Aerospace generated $7.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 97.5% from the prior year.

Net Income

$8.7B

YoY+32.8%

5Y CAGR+8.8%

GE Aerospace reported $8.7B in net income in fiscal year 2025. This represents an increase of 32.8% from the prior year.

EPS (Diluted)

$8.14

YoY+35.9%

GE Aerospace earned $8.14 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.9% from the prior year.

Cash & Debt

$12.4B

YoY-9.0%

5Y CAGR-19.4%

10Y CAGR-16.0%

GE Aerospace held $12.4B in cash against $20.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.44

YoY+28.6%

GE Aerospace paid $1.44 per share in dividends in fiscal year 2025. This represents an increase of 28.6% from the prior year.

Shares Outstanding

1.05B

YoY-2.3%

GE Aerospace had 1.05B shares outstanding in fiscal year 2025. This represents a decrease of 2.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

19.0%

YoY+2.0pp

5Y CAGR+9.2pp

10Y CAGR+24.2pp

GE Aerospace's net profit margin was 19.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.

Return on Equity

46.6%

YoY+12.7pp

5Y CAGR+30.6pp

GE Aerospace's ROE was 46.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.7 percentage points from the prior year.

R&D Spending

$1.6B

YoY+22.9%

5Y CAGR-1.7%

10Y CAGR-11.4%

GE Aerospace invested $1.6B in research and development in fiscal year 2025. This represents an increase of 22.9% from the prior year.

Share Buybacks

$7.6B

YoY+29.6%

5Y CAGR+206.3%

GE Aerospace spent $7.6B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 29.6% from the prior year.

Capital Expenditures

$1.3B

YoY+23.4%

5Y CAGR-0.8%

10Y CAGR-16.0%

GE Aerospace invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.4% from the prior year.

GE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$45.9B+18.5%	$38.7B+9.5%	$35.3B+21.3%	$29.1B-48.4%	$56.5B-2.7%	$58.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$60.4B
Gross Profit	N/A	N/A	N/A	N/A	N/A	-$2.4B
R&D Expenses	$1.6B+22.9%	$1.3B+27.2%	$1.0B+25.1%	$808.0M-52.0%	$1.7B-2.2%	$1.7B
SG&A Expenses	$4.1B-7.9%	$4.4B+9.7%	$4.0B+10.2%	$3.7B-55.1%	$8.2B-11.6%	$9.2B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.4B+46.0%	$962.0M-3.2%	$994.0M+488.2%	$169.0M+122.3%	-$757.0M+65.1%	-$2.2B
Net Income	$8.7B+32.8%	$6.6B-30.9%	$9.5B+2722.0%	$336.0M+105.3%	-$6.3B-211.1%	$5.7B
EPS (Diluted)	$8.14+35.9%	$5.99-28.3%	$8.36+16620.0%	$0.05+100.8%	$-6.00	$4.64

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$12.7B+4.4%	$12.2B+10.5%	$11.0B+11.0%	$9.9B-8.1%	$10.8B+9.9%	$9.8B+8.2%	$9.1B+1.6%	$9.0B
Cost of Revenue	N/A	N/A	N/A	N/A	$6.8B+8.6%	$6.2B+11.7%	$5.6B-3.0%	$5.7B
Gross Profit	N/A	N/A	N/A	N/A	$4.1B+12.0%	$3.6B+2.7%	$3.5B+9.7%	$3.2B
R&D Expenses	$447.0M+7.7%	$415.0M+15.6%	$359.0M0.0%	$359.0M-6.8%	$385.0M+16.3%	$331.0M+10.3%	$300.0M+11.1%	$270.0M
SG&A Expenses	$997.0M-16.6%	$1.2B+17.2%	$1.0B+16.4%	$876.0M-24.3%	$1.2B-13.0%	$1.3B+43.9%	$924.0M-9.9%	$1.0B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$390.0M+13.4%	$344.0M-11.3%	$388.0M+37.1%	$283.0M-28.4%	$395.0M+99.5%	$198.0M+58.4%	$125.0M-48.8%	$244.0M
Net Income	$2.5B+17.8%	$2.2B+6.4%	$2.0B+2.5%	$2.0B+4.2%	$1.9B+2.5%	$1.9B+46.3%	$1.3B-17.7%	$1.5B
EPS (Diluted)	$2.40+18.8%	$2.02+6.9%	$1.89+3.3%	$1.83+4.6%	$1.75+2.9%	$1.70+47.8%	$1.15-17.9%	$1.40

GE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$130.2B+5.7%	$123.1B-28.9%	$173.3B-8.2%	$188.9B-8.0%	$205.4B-19.8%	$256.2B
Current Assets	$40.6B+7.9%	$37.6B-11.6%	$42.6B-27.1%	$58.4B-2.5%	$59.9B-29.4%	$84.9B
Cash & Equivalents	$12.4B-9.0%	$13.6B-10.4%	$15.2B-3.8%	$15.8B+4.2%	$15.2B-58.5%	$36.5B
Inventory	$11.9B+21.6%	$9.8B+17.9%	$8.3B-44.4%	$14.9B+10.0%	$13.5B-14.8%	$15.9B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$16.7B
Goodwill	$9.1B+6.1%	$8.5B-4.6%	$8.9B+1.3%	$8.8B-33.6%	$13.3B-2.7%	$13.7B
Total Liabilities	$111.3B+7.4%	$103.6B-28.4%	$144.7B-6.0%	$153.9B-10.5%	$172.0B-21.5%	$219.1B
Current Liabilities	$39.0B+13.3%	$34.4B+7.1%	$32.1B-35.1%	$49.4B+9.2%	$45.3B-17.1%	$54.6B
Long-Term Debt	$20.5B+6.2%	$19.3B-7.6%	$20.9B+2.7%	$20.3B-34.0%	$30.8B-56.1%	$70.2B
Total Equity	$18.7B-3.4%	$19.3B-29.4%	$27.4B-18.7%	$33.7B+5.2%	$32.0B-9.9%	$35.6B
Retained Earnings	$87.7B+8.9%	$80.5B-7.0%	$86.6B+4.3%	$83.0B-0.4%	$83.3B-9.7%	$92.2B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$130.2B+1.5%	$128.2B+2.4%	$125.3B+0.9%	$124.1B+0.8%	$123.1B-2.8%	$126.7B+2.8%	$123.2B-24.9%	$163.9B
Current Assets	$40.6B+1.3%	$40.1B+6.0%	$37.8B+0.6%	$37.6B-0.2%	$37.6B-2.6%	$38.6B+3.5%	$37.4B-37.3%	$59.6B
Cash & Equivalents	$12.4B-0.9%	$12.5B+15.1%	$10.9B-12.4%	$12.4B-8.9%	$13.6B-0.8%	$13.7B+13.4%	$12.1B-34.4%	$18.4B
Inventory	$11.9B+1.7%	$11.7B+3.3%	$11.3B+7.5%	$10.5B+7.6%	$9.8B+0.5%	$9.7B+2.6%	$9.5B-46.2%	$17.6B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$9.1B+0.2%	$9.0B+0.4%	$9.0B+3.6%	$8.7B+1.9%	$8.5B-2.5%	$8.8B-1.2%	$8.9B-33.4%	$13.3B
Total Liabilities	$111.3B+1.9%	$109.2B+3.1%	$105.9B+1.2%	$104.7B+1.0%	$103.6B-3.7%	$107.6B+3.1%	$104.3B-21.4%	$132.8B
Current Liabilities	$39.0B+4.8%	$37.2B+2.0%	$36.5B+4.4%	$34.9B+1.6%	$34.4B+0.9%	$34.1B+4.1%	$32.8B-35.9%	$51.1B
Long-Term Debt	$20.5B+9.0%	$18.8B+10.4%	$17.0B-2.8%	$17.5B-9.3%	$19.3B+5.7%	$18.2B+1.5%	$18.0B-7.8%	$19.5B
Total Equity	$18.7B-0.7%	$18.8B-1.7%	$19.1B-0.6%	$19.3B-0.5%	$19.3B+2.5%	$18.9B+1.5%	$18.6B-37.7%	$29.9B
Retained Earnings	$87.7B+2.5%	$85.5B+2.1%	$83.7B+2.0%	$82.1B+2.0%	$80.5B+2.0%	$78.9B+2.0%	$77.3B-12.2%	$88.1B

GE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.5B+81.3%	$4.7B-9.2%	$5.2B-12.3%	$5.9B+70.0%	$3.5B+2.1%	$3.4B
Capital Expenditures	$1.3B+23.4%	$1.0B+19.7%	$862.0M-18.8%	$1.1B+5.4%	$1.0B-23.9%	$1.3B
Free Cash Flow	$7.3B+97.5%	$3.7B-15.0%	$4.3B-10.9%	$4.9B+96.3%	$2.5B+18.5%	$2.1B
Investing Cash Flow	-$1.2B+30.8%	-$1.7B-142.0%	$4.0B+74.8%	$2.3B-89.4%	$21.4B+25.3%	$17.1B
Financing Cash Flow	-$8.7B-29.1%	-$6.7B+21.9%	-$8.6B-54.2%	-$5.6B+87.7%	-$45.4B-126.0%	-$20.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$7.6B+29.6%	$5.8B+372.6%	$1.2B+17.7%	$1.0B+879.4%	$107.0M+282.1%	$28.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.3B-8.8%	$2.5B+11.4%	$2.2B+48.8%	$1.5B+16.3%	$1.3B-14.0%	$1.5B+65.5%	$911.0M-8.4%	$994.0M
Capital Expenditures	$431.0M+40.4%	$307.0M-6.1%	$327.0M+57.2%	$208.0M-22.1%	$267.0M+0.4%	$266.0M-9.8%	$295.0M+44.6%	$204.0M
Free Cash Flow	$1.9B-15.7%	$2.2B+14.3%	$1.9B+47.5%	$1.3B+26.3%	$1.0B-17.1%	$1.2B+101.6%	$616.0M-22.0%	$790.0M
Investing Cash Flow	$305.0M+150.3%	-$606.0M-13.3%	-$535.0M-68.8%	-$317.0M-198.8%	$321.0M-78.5%	$1.5B+134.8%	-$4.3B-631.5%	$806.0M
Financing Cash Flow	-$2.8B-672.1%	-$366.0M+88.6%	-$3.2B-40.4%	-$2.3B-5.0%	-$2.2B-49.1%	-$1.5B+49.5%	-$2.9B-1315.7%	-$204.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.0B+8.3%	$1.8B+5.7%	$1.7B-11.2%	$2.0B+17.8%	$1.7B+8.6%	$1.5B-33.2%	$2.3B+614.6%	$322.0M

GE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	-4.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.0%+2.0pp	16.9%-9.9pp	26.8%+25.7pp	1.1%+12.4pp	-11.2%-21.1pp	9.8%
Return on Equity	46.6%+12.7pp	33.9%-0.7pp	34.6%+33.6pp	1.0%	N/A	16.0%
Return on Assets	6.7%+1.4pp	5.3%-0.2pp	5.5%+5.3pp	0.2%+3.3pp	-3.1%-5.3pp	2.2%
Current Ratio	1.04-0.1	1.09-0.2	1.33+0.1	1.18-0.1	1.32-0.2	1.55
Debt-to-Equity	1.10+0.1	1.00+0.2	0.76+0.2	0.60-0.4	0.96-1.0	1.97
FCF Margin	15.8%+6.3pp	9.5%-2.7pp	12.2%-4.4pp	16.7%+12.3pp	4.4%+0.8pp	3.6%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	37.5%+0.7pp	36.7%-2.0pp	38.7%+2.9pp	35.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.0%+2.3pp	17.7%-0.7pp	18.4%-1.5pp	19.9%+2.3pp	17.6%-1.3pp	18.8%+4.9pp	13.9%-3.3pp	17.2%
Return on Equity	13.6%+2.1pp	11.5%+0.9pp	10.6%+0.3pp	10.3%+0.5pp	9.8%0.0pp	9.8%+3.0pp	6.8%+1.7pp	5.1%
Return on Assets	1.9%+0.3pp	1.7%+0.1pp	1.6%+0.0pp	1.6%+0.1pp	1.5%+0.1pp	1.5%+0.4pp	1.0%+0.1pp	0.9%
Current Ratio	1.04-0.0	1.08+0.0	1.04-0.0	1.08-0.0	1.09-0.0	1.130.0	1.14-0.0	1.17
Debt-to-Equity	1.10+0.1	1.00+0.1	0.89-0.0	0.91-0.1	1.00+0.0	0.970.0	0.97+0.3	0.65
FCF Margin	14.5%-3.5pp	18.0%+0.6pp	17.4%+4.3pp	13.1%+3.6pp	9.5%-3.1pp	12.6%+5.9pp	6.8%-2.1pp	8.8%

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Frequently Asked Questions

What is GE Aerospace's annual revenue?

GE Aerospace (GE) reported $45.9B in total revenue for fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GE Aerospace's revenue growing?

GE Aerospace (GE) revenue grew by 18.5% year-over-year, from $38.7B to $45.9B in fiscal year 2025.

Is GE Aerospace profitable?

Yes, GE Aerospace (GE) reported a net income of $8.7B in fiscal year 2025, with a net profit margin of 19.0%.

What is GE Aerospace's earnings per share (EPS)?

GE Aerospace (GE) reported diluted earnings per share of $8.14 for fiscal year 2025. This represents a 35.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does GE Aerospace have?

As of fiscal year 2025, GE Aerospace (GE) had $12.4B in cash and equivalents against $20.5B in long-term debt.

What is GE Aerospace's net profit margin?

GE Aerospace (GE) had a net profit margin of 19.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does GE Aerospace pay dividends?

Yes, GE Aerospace (GE) paid $1.44 per share in dividends during fiscal year 2025.

What is GE Aerospace's return on equity (ROE)?

GE Aerospace (GE) has a return on equity of 46.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is GE Aerospace's free cash flow?

GE Aerospace (GE) generated $7.3B in free cash flow during fiscal year 2025. This represents a 97.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is GE Aerospace's operating cash flow?

GE Aerospace (GE) generated $8.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are GE Aerospace's total assets?

GE Aerospace (GE) had $130.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are GE Aerospace's capital expenditures?

GE Aerospace (GE) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does GE Aerospace spend on research and development?

GE Aerospace (GE) invested $1.6B in research and development during fiscal year 2025.

Does GE Aerospace buy back shares?

Yes, GE Aerospace (GE) spent $7.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does GE Aerospace have outstanding?

GE Aerospace (GE) had 1.05B shares outstanding as of fiscal year 2025.

What is GE Aerospace's current ratio?

GE Aerospace (GE) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is GE Aerospace's debt-to-equity ratio?

GE Aerospace (GE) had a debt-to-equity ratio of 1.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GE Aerospace's return on assets (ROA)?

GE Aerospace (GE) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is GE Aerospace's Piotroski F-Score?

GE Aerospace (GE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GE Aerospace's earnings high quality?

GE Aerospace (GE) has an earnings quality ratio of 0.98x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is GE Aerospace?

GE Aerospace (GE) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.