GEHC
GEHC
GE HealthCare Technologies Inc.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 | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
Imaging Segment | $1.56Bn ▲ | $2.14Bn ▲ | $2.20Bn ▲ | $4.90Bn ▲ |
PCS Segment | $830.00M ▲ | $750.00M ▼ | $780.00M ▲ | $1.55Bn ▲ |
PDx Segment | $650.00M ▲ | $630.00M ▼ | $730.00M ▲ | $1.54Bn ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at GE HealthCare Technologies Inc.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.
About GE HealthCare Technologies Inc.
https://www.gehealthcare.comGE HealthCare Technologies Inc. engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, Europe, the Middle East, Africa, China, Taiwan, Mongolia, Hong Kong, and internationally.
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 | Q4-2024 | Q1-2025 | Q2-2025 | Q4-2025 |
|---|---|---|---|---|
Imaging Segment | $1.56Bn ▲ | $2.14Bn ▲ | $2.20Bn ▲ | $4.90Bn ▲ |
PCS Segment | $830.00M ▲ | $750.00M ▼ | $780.00M ▲ | $1.55Bn ▲ |
PDx Segment | $650.00M ▲ | $630.00M ▼ | $730.00M ▲ | $1.54Bn ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at GE HealthCare Technologies Inc.'s financial evolution and strategic trajectory over the past five years.
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.
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.
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.

CEO
Peter J. Arduini
Compensation Summary
(Year )
Upcoming Earnings
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Ratings Snapshot
Rating : B
Most Recent Analyst Grades
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Equal Weight
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Buy
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Overweight
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Equal Weight
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