GE
SP100NYSEGE Aerospace
Industrials · Aerospace & Defense · United States
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. The company operates through two segments, Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures, maintenance, repair, and overhaul (MRO) services of jet engines and sale of spare parts for commercial airframes, business aviation, and aeroderivative applications. The Defense & Propulsion Technologies designs, develops, manufactures, and services jet engines and avionics and power systems for governments, militaries, and commercial airframers, as well as MRO of engines and the sale of spare parts. This segment also offers aircraft components and systems, such as small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors and engine accessories for fixed wing and rotorcraft applications for commercial and military end users under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands. The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.
www.geaerospace.com ↗Shares trade at a premium 47.0× trailing earnings, easing to 43.4× on forward estimates. Profitability shows a net margin of 17.9% and return on equity of 45.4%. Leverage is modest at 1.0× net debt/EBITDA. Revenue grew 24.7% year-on-year. It yields 0.5% in dividends. The mean analyst target of USD362.57 sits 4.0% below the current price (Strong Buy, 21 analysts).
business model
GE Aerospace (the successor to General Electric after its breakup) designs, manufactures, and services jet engines and integrated systems for commercial and military aircraft. Its business is anchored by a large installed base of engines that generates high-margin, recurring aftermarket services and spare-parts revenue over decades. It also participates in engine joint ventures, notably CFM International with Safran.
revenue segments
The two segments are Commercial Engines & Services (CES) — engines for narrowbody and widebody aircraft plus a large maintenance, repair, and overhaul and spare-parts aftermarket — and Defense & Propulsion Technologies (DPT) — military engines and propulsion systems. Aftermarket services provide a large share of profit.
key dependencies
The business depends on commercial air travel and airline profitability, aircraft production rates at Boeing and Airbus, the size and utilization of its installed engine base, shop-visit and spare-parts demand, defense budgets, and supply-chain and materials availability. The CFM LEAP program ramp is a key driver.
competitors
Primary competitors include Rolls-Royce and Pratt & Whitney (RTX) in large commercial and widebody engines, with CFM International (its Safran joint venture) competing against Pratt & Whitney's geared turbofan on narrowbodies. In defense it competes with Pratt & Whitney and Rolls-Royce.
moat
GE Aerospace's moat is its enormous installed base of engines generating decades of high-margin aftermarket revenue, high switching costs, stringent certification and technology barriers, long-term airline and OEM relationships, and leadership in narrowbody engines through CFM.
risks
Risks include commercial-aviation cyclicality and demand shocks, dependence on Boeing and Airbus production rates, supply-chain constraints affecting engine and spare-parts output, new-engine development and durability risk, defense-budget exposure, and competitive pressure on next-generation propulsion.
Financials & metrics
as of 28 Aug 2026Price is around the middle of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Valuation history is being recorded
We snapshot P/E and price targets daily. This chart fills in over the coming days.
Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $45.85B | $38.70B | $35.35B | $29.14B | — |
| Cost of revenue | $31.42B | $26.74B | $25.82B | $21.58B | — |
| Gross profit | $14.44B | $11.96B | $9.52B | $7.56B | — |
| Operating expense | $5.76B | $5.20B | $4.81B | $3.96B | — |
| R&D | $1.58B | $1.29B | $1.01B | $808.00M | — |
| Operating income | $8.68B | $6.76B | $4.72B | $3.60B | — |
| Interest expense | $843.00M | $986.00M | $1.03B | $1.34B | — |
| Pretax income | $10.00B | $7.62B | $10.44B | $1.52B | — |
| Tax provision | $1.41B | $962.00M | $994.00M | $169.00M | — |
| Net income | $8.70B | $6.56B | $9.48B | $336.00M | — |
| EBITDA | $12.06B | $9.79B | $12.65B | $4.04B | — |
| Diluted EPS | $8.14 | $5.99 | $8.36 | $0.05 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $130.17B | $123.14B | $173.30B | $188.85B | — |
| Current assets | $40.59B | $37.63B | $42.56B | $58.38B | — |
| Cash & equivalents | $12.39B | $13.62B | $15.20B | $15.81B | — |
| Inventory | $11.87B | $9.76B | $8.28B | $14.89B | — |
| Total liabilities | $111.27B | $103.58B | $144.69B | $153.94B | — |
| Current liabilities | $38.98B | $34.39B | $32.10B | $49.43B | — |
| Total debt | $20.50B | $19.27B | $20.52B | $26.15B | — |
| Long-term debt | $18.81B | $17.23B | $19.42B | $20.32B | — |
| Shareholders' equity | $18.68B | $19.34B | $27.40B | $33.70B | — |
| Retained earnings | $87.66B | $80.49B | $86.55B | $82.98B | — |
| Working capital | $1.61B | $3.24B | $10.45B | $8.95B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $8.54B | $4.71B | $5.19B | $5.92B | — |
| Investing cash flow | -$1.15B | -$1.67B | $3.97B | $2.27B | — |
| Financing cash flow | -$8.68B | -$6.73B | -$8.61B | -$5.58B | — |
| Capital expenditure | -$1.27B | -$1.03B | -$862.00M | -$662.00M | — |
| Free cash flow | $7.26B | $3.68B | $4.33B | $5.25B | — |
| Dividends paid | -$1.45B | -$1.01B | -$589.00M | -$639.00M | — |
| Share buybacks | -$7.55B | -$5.83B | -$7.03B | -$1.19B | — |
| End cash position | $13.66B | $14.55B | $15.99B | $14.22B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
Notes & alerts
Sign in to keep a private research note and set price alerts for GE.