FirmAtlas
Company handbook · GE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
GE · CIK 40545 · LATEST FILING: 10-Q JUN '26 · FILED JUL 16, 2026
GENERAL ELECTRIC COMPANY
$313.83
+1.83 (+0.59%)
Close, Oct 16, 2026 · 52-week $269–389
GE Aerospace makes jet engines and parts for commercial and military aircraft and helicopters, alone and through joint ventures such as CFM (with Safran). Most of its revenue comes from servicing and repairing the engines already flying.
Business
- RegionsUS 40% · Asia 24% · Europe 19% · Middle East and Africa 10% · Other Americas 8% (FY25)
- CustomersAirlines, aircraft lessors, plane makers such as Airbus and Boeing, and the U.S. and other governments; sold directly
- Cash useFY24–FY25: buybacks $13.4B · dividends $2.5B · capex $2.3B · acquisitions $495M
Reinvested 21% of operating cash flow · returned 145% of free cash flow
Last fiscal year
GENERAL ELECTRIC COMPANY reported revenue of $45.9B for the year ended Dec 31, 2025 (FY25), up 18.5% from FY24. Net income was $8.7B, operating cash flow $8.5B and free cash flow $7.3B. Source: 10-K filed Jan 29, 2026.
Market cap
$329.1B
P/E
36.7
EV/EBITDA
35.6x
P/B
18.7
Div yield
0.56%
ROIC
30.7%
Revenue 1Y
18.5%/yr
EPS 1Y
35.9%/yr
Shares 1Y
−2%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOH. Lawrence Culp, Jr.
HQEvendale, OH
AuditorDeloitte & Touche LLP
Employees57,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
3.1%
24.6%
42.2%
4.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$18.6B deployed
Capex
$2.3B
12.4%
Acquisitions
$495M
2.7%
Dividends
$2.5B
13.2%
Buybacks
$13.4B
71.8%
Operating cash flow over the period: $13.2B. Total debt changed by +$1.6B. R&D of $2.9B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (0-for-1 split after FY19).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
38,702
45,855+18.5%
50,638
YoY
+18.5%
Gross profit
14,394
16,887+17.3%
—
Gross margin
37.2%
36.8%−0.4 pp
—
Operating income
5,500
8,568+55.8%
—
Operating margin
14.2%
18.7%+4.5 pp
—
EBITDA
6,334
9,431+48.9%
—
EBITDA margin
16.4%
20.6%+4.2 pp
—
Interest expense
986
843−14.5%
—
Interest coverage
6.42x
11.19x+4.76x
—
Net income
6,556
8,704+32.8%
8,972
YoY
+32.8%
Net margin
16.9%
19.0%+2.0 pp
—
EPS (diluted, $)
5.99
8.14+35.9%
8.51
YoY
+35.9%
Balance sheet
Total assets
123,140
130,169+5.7%
127,672
Cash & short-term investments
13,619
12,392−9.0%
—
Accounts receivable
9,327
11,773+26.2%
—
Inventory
9,763
11,868+21.6%
—
Other assets
90,431
94,136+4.1%
—
Total liabilities
103,798
111,492+7.4%
110,032
Accounts payable
7,909
10,078+27.4%
—
Total debt
17,234
18,808+9.1%
17,157
Other liabilities
78,655
82,606+5.0%
—
Shareholders’ equity
19,342
18,677−3.4%
17,640
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,710
8,537+81.3%
9,800
Net income
6,566
8,698+32.5%
—
Depreciation & amortization
834
863+3.5%
—
Stock-based compensation
286
325+13.6%
—
Working capital & other
(2,976)
(1,349)n/m
—
Cash from investing
(1,666)
(1,153)n/m
—
Capex
(1,032)
(1,273)n/m
—
PP&E sold
114
123+7.9%
—
Acquisitions
(135)
(360)n/m
—
Investments bought
(7,132)
(4,050)n/m
—
Investments sold / matured
6,168
4,475−27.4%
—
Other investing
351
(68)−119.4%
—
Cash from financing
(6,726)
(8,682)n/m
—
Debt raised
0
1,985n/m
—
Dividends
(1,008)
(1,452)n/m
—
Buybacks
(5,827)
(7,551)n/m
—
Other financing
109
(1,664)−1626.6%
—
Net change in cash
(3,875)
(1,097)n/m
—
Free cash flow (OCF − capex)
3,678
7,264+97.5%
8,396
Where the cash went
Operating cash flow
4,710
8,537+81.3%
9,800
Reinvested in the business
1,167
1,633+39.9%
—
% of operating cash flow
24.8%
19.1%
Capex
1,032
1,273+23.4%
1,404
Acquisitions
135
360+166.7%
—
R&D (memo, already in costs)
1,286
1,580+22.9%
—
Free cash flow
3,678
7,264+97.5%
8,396
YoY
+97.5%
Returned to shareholders
6,835
9,003+31.7%
—
% of free cash flow
185.8%
123.9%
Dividends
1,008
1,452+44.0%
—
Buybacks
5,827
7,551+29.6%
—
Change in total debt
—
1,574
—
Cash left over
—
(525)
—
FCF conversion (FCF ÷ net income)
56.1%
83.5%+27.4 pp
—
Owner earnings
—
5,912
—
Owner earnings margin
—
12.9%
—
Buyback yield
3.3%
2.3%−0.9 pp
—
Returns & ratios
ROIC (all capital)
20.9%
30.7%+9.7 pp
—
ROIC (operating)
43.0%
59.5%+16.5 pp
—
Net debt / EBITDA
0.57x
0.68x+0.11x
—
Debt / equity
0.89x
1.01x+0.12x
—
Cash conversion cycle (days)
116
116+0 d
—
ROE
33.9%
46.6%+12.7 pp
—
ROA
5.3%
6.7%+1.4 pp
—
ROCE
6.2%
9.4%+3.2 pp
—
NOPAT
4,806
7,364+53.2%
—
Invested capital (operating)
11,181
13,563+21.3%
—
Invested capital (all)
22,957
25,093+9.3%
—
Reinvestment rate
—
32.3%
—
Debtor days
88
94+6 d
—
Inventory days
147
150+3 d
—
Days payable
119
127+8 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
12,181
12,716
12,392
13,349
vs year-ago quarter
Net income
2,157
2,541
1,904
2,370
vs year-ago quarter
Net margin
17.7%
20.0%
15.4%
17.8%
EPS (diluted, $)
2.02
2.42
1.81
2.26
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
128,243
130,169
128,445
127,672
Cash & equivalents
12,501
12,392
10,981
9,345
Total debt
18,771
18,808
18,174
17,157
Shareholders’ equity
18,812
18,677
18,057
17,640
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
2,501
2,281
1,823
3,195
Capex
307
431
331
335
Free cash flow
2,194
1,850
1,492
2,860
vs year-ago quarter