GEHC - GE HealthCare Techn... Stock Analysis | Stock Taper
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GE HealthCare Technologies Inc.

GEHC

GE HealthCare Technologies Inc. NASDAQ
$84.27 0.42% (+0.35)

Market Cap $38.41 B
52w High $89.77
52w Low $57.65
Dividend Yield 0.17%
Frequency Quarterly
P/E 18.52
Volume 2.66M
Outstanding Shares 455.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $4.67B $1.88B $184M 3.94% $0.41 $865M
Q3-2025 $5.14B $1.34B $446M 8.67% $0.98 $902M
Q2-2025 $5.01B $1.33B $486M 9.71% $1.06 $874M
Q1-2025 $4.78B $1.38B $564M 11.81% $1.23 $939M
Q4-2024 $5.32B $1.47B $720M 13.54% $1.58 $1.08B

What's going well?

Gross profit margins jumped, showing the company can produce and sell more efficiently. Operating income held steady even as sales fell, suggesting some resilience in the core business.

What's concerning?

Revenue fell sharply and net income was slashed by more than half due to large one-time charges. Operating expenses rose much faster than sales, raising questions about cost control.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $4.51B $36.91B $26.31B $10.38B
Q3-2025 $4B $36.13B $25.91B $9.99B
Q2-2025 $3.76B $35.5B $25.55B $9.71B
Q1-2025 $2.47B $33.59B $24.17B $9.19B
Q4-2024 $2.89B $33.09B $24.44B $8.45B

What's financially strong about this company?

GEHC has a strong cash position, is paying down debt, and has positive, growing equity. Customers are paying faster, and inventory is moving well, which helps cash flow.

What are the financial risks or weaknesses?

A large portion of assets is goodwill from acquisitions, which could be at risk if those deals don't perform. The drop in deferred revenue may signal less upfront customer commitment.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $589M $1.05B $-269M $-293M $485M $917M
Q3-2025 $464M $593M $-148M $-165M $264M $483M
Q2-2025 $500M $94M $-223M $1.36B $1.29B $8M
Q1-2025 $588M $250M $-407M $-286M $-417M $98M
Q4-2024 $738M $913M $-240M $-1.28B $-679M $811M

What's strong about this company's cash flow?

Operating and free cash flow surged this quarter, with cash generation far outpacing net income. The company is paying down debt and growing its cash reserves, showing strong financial health.

What are the cash flow concerns?

Some of the cash boost came from delaying payments to suppliers and building up inventory, which may not be repeatable. Shareholder returns dropped as buybacks stopped.

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q4-2025
Imaging Segment
Imaging Segment
$1.56Bn $2.14Bn $2.20Bn $4.90Bn
PCS Segment
PCS Segment
$830.00M $750.00M $780.00M $1.55Bn
PDx Segment
PDx Segment
$650.00M $630.00M $730.00M $1.54Bn

Q4 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at GE HealthCare Technologies Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key strengths include steady and resilient revenue growth, solid and recurring cash generation, and an improving profit and equity profile after a period of volatility. The company holds a strong competitive position in medical imaging and related technologies, backed by a powerful brand, global reach, and a large installed base. Its focus on AI, digital platforms, and advanced diagnostics reinforces its long-term relevance in a healthcare system that increasingly depends on data and imaging-driven decisions. Liquidity has improved, giving management more financial flexibility.

! Risks

Main risks center on earnings and margin volatility, the much higher use of debt compared with the past, and growing capital and shareholder-return commitments that rely on continued strong cash flow. Competitive and technological risks are significant, as peers and new entrants race to bring AI and digital solutions to market and as regulators scrutinize medical technologies and patient data. Any stumble in innovation, cost control, or capital allocation could pressure both profitability and balance sheet strength.

Outlook

The overall picture for GE HealthCare is of a business with strong commercial and technological foundations that has navigated through some financial growing pains and is now trending in a healthier direction. Future performance is likely to hinge on its ability to keep translating innovation into profitable growth while carefully managing leverage and investment levels. If it can sustain current cash flow quality and maintain its edge in AI-driven imaging and diagnostics, it appears positioned to remain a key player in global healthcare technology, though outcomes will depend on execution and the broader healthcare spending environment.