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GE

GE Aerospace

GE

GE Aerospace • NYSE
$298.31 ▲ 0.57% (+1.69)
Market Cap $314.66 B
52w High $316.67
52w Low $159.36
Dividend Yield 1.36%
P/E 39.93
Volume 1.32M
Outstanding Shares 1.05B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.221B ▲ $1.663B ▼ $2.157B ▲ 17.65% ▼ $2.02 ▲ $3.043B ▲
Q2-2025 $11.022B ▲ $2.077B ▲ $2.028B ▲ 18.4% ▼ $1.91 ▲ $2.858B ▲
Q1-2025 $9.934B ▼ $1.936B ▲ $1.978B ▲ 19.911% ▲ $1.85 ▲ $2.754B ▼
Q4-2024 $10.811B ▲ $1.444B ▼ $1.899B ▲ 17.565% ▼ $1.76 ▲ $2.815B ▲
Q3-2024 $9.842B $2.375B $1.852B 18.817% $1.71 $2.457B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.509B ▲ $128.243B ▲ $109.222B ▲ $18.812B ▼
Q2-2025 $11.859B ▼ $125.256B ▲ $105.911B ▲ $19.135B ▼
Q1-2025 $13.405B ▼ $124.123B ▼ $104.655B ▼ $19.251B ▼
Q4-2024 $14.601B ▼ $125.761B ▼ $106.196B ▼ $19.342B ▲
Q3-2024 $15.956B $126.698B $107.595B $18.874B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.154B ▲ $2.556B ▲ $-368M ▲ $-2.356B ▲ $-150M ▲ $2.249B ▲
Q2-2025 $2B ▲ $2.246B ▲ $-535M ▼ $-3.206B ▼ $-1.39B ▼ $1.919B ▲
Q1-2025 $1.972B ▲ $1.509B ▲ $-317M ▼ $-2.284B ▼ $-1.008B ▼ $1.301B ▲
Q4-2024 $1.896B ▲ $1.297B ▼ $321M ▼ $-2.175B ▼ $-692M ▼ $1.03B ▼
Q3-2024 $1.696B $1.508B $1.491B $-1.459B $1.625B $1.242B

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Insurance Revenue
Insurance Revenue
 $870.00M ▲$900.00M ▲$930.00M ▲$930.00M ▲
Product
Product
 $2.17Bn ▲$2.45Bn ▲$-280.00M ▼$2.65Bn ▲
Service
Service
 $6.05Bn ▲$6.50Bn ▲$3.07Bn ▼$6.35Bn ▲

Five-Year Company Overview

Income Statement

Income Statement GE Aerospace’s income statement shows a business that has been reshaped and is now growing more cleanly as a focused aviation company. Sales have been climbing again after the pandemic and portfolio changes, and profitability has improved steadily, with operating profit moving from barely positive to clearly healthy. Margins look stronger and more consistent, which suggests better pricing power, cost control, and scale benefits as air traffic has recovered. That said, net income over the last several years has been choppy, reflecting one‑off items from restructuring, spin‑offs, and accounting gains or charges, so the most recent years likely give a better picture of the ongoing earnings power than the earlier, more volatile period.

Balance Sheet

Balance Sheet The balance sheet has gone through a major slimming-down. Total assets and cash balances have come down as GE shed non-core businesses, while debt has been cut very aggressively from the prior conglomerate days. Equity has also shrunk, which leaves a tighter capital base but a much simpler structure. Overall, the company now looks more like a straightforward industrial manufacturer than a sprawling financial-industrial mix, with a cleaner balance sheet, a more manageable debt load, and fewer legacy complexities. The main watchpoint is that with less excess capital and fewer non-core assets, the room for error is lower and discipline around leverage and investment becomes even more important.

Cash Flow

Cash Flow Cash generation has become more consistent and dependable. Operating cash flow has trended upward, even through heavy restructuring, showing that the core engine and services businesses throw off solid cash. Free cash flow has improved meaningfully, helped by more disciplined spending and lower capital intensity than during the height of GE’s broader industrial build‑out. Capital spending remains necessary but is well covered by cash from operations, leaving room for debt reduction, shareholder returns, or reinvestment. The key question going forward is how much of the recent cash strength reflects a normalized, sustainable level versus a temporary boost from restructuring, working capital releases, and portfolio actions.

Competitive Edge

Competitive Edge GE Aerospace holds one of the strongest positions in global aviation. It is a core supplier of engines to both major aircraft manufacturers and airlines worldwide, with a very large installed base that creates long-lived, high-margin service and maintenance revenues. The CFM joint venture with Safran is a crown jewel, giving GE a dominant role in narrow‑body aircraft, where much of the world’s air traffic sits. High switching costs, long certification cycles, and deep relationships make it very hard for new entrants to displace existing engine providers. Competition from Rolls‑Royce and Pratt & Whitney remains intense, and any technical issue on flagship engines can damage reputation and profits, but the market structure is oligopolistic and GE is firmly in the top tier.

Innovation and R&D

Innovation and R&D Innovation is a real differentiator for GE Aerospace. The company has led in advanced materials like ceramic matrix composites, which enable hotter-running, more fuel‑efficient engines, and it has been an early mover in additive manufacturing for complex parts and even repairs. Flagship engines such as the GE9X and the LEAP family showcase these technologies in commercial use. Looking ahead, GE is investing heavily in next‑generation platforms: the CFM RISE open‑fan concept, hybrid‑electric systems, full compatibility with sustainable aviation fuels, and advanced defense technologies such as hypersonic propulsion and more autonomous flight capabilities. These bets position GE to benefit from stricter emissions rules, higher fuel prices, and evolving defense needs, but they also carry technical and certification risk, as well as long payback periods.

Summary

GE Aerospace today is a very different company from the old GE conglomerate: smaller, more focused, and more tightly aligned around aviation. Financially, revenues and operating profits are on an upward path, with cleaner, more industrial‑style earnings after years of restructuring noise. The balance sheet is leaner and less leveraged, and cash flows are healthier and more predictable than during the transformation phase. Strategically, the company sits in a favorable industry structure with deep customer ties and a large installed base that supports recurring service income. Its heavy investment in advanced materials, manufacturing, and future propulsion concepts could strengthen that edge if execution stays strong. Key uncertainties center on the cyclicality of air travel, possible program-specific issues, the scale and timing of returns on new technologies, and maintaining financial discipline now that the portfolio cleanup phase is largely behind it.

NEWS

November 24, 2025 · 10:11 AM UTC

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November 19, 2025 · 12:11 PM UTC

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November 17, 2025 · 7:00 AM UTC

flydubai inks deal with GE Aerospace for GEnx-1B engines and services to power its first widebody fleet

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November 17, 2025 · 5:47 AM UTC

Emirates Signs Deal for 130 Additional GE Aerospace Engines to Power its Growing Boeing 777-9 fleet

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