GE Aerospace
Electronic & Other Electrical Equipment (No Computer Equip)
GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture.
It is a $320B technology company. Revenue grew 21.7% over the last year, it keeps 18¢ of every dollar of sales as profit, and its net debt equals ~1.0 years of free cash flow. It trades at 35.6× earnings — around the middle of its own history.
- Website
- geaerospace.com
- Location
- Evendale, OH
- Employees
- 57 000
- Sector
- Technology
- Founded
- 1892
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Valuation, Growth and Moat lag behind.
Valuation34
- P/E vs own history47th pct · 12/25
- FCF yield2.6% · 5/25
- P/S6.3x · 12/25
- EV/EBITDA35.2x · 5/25
Growth0
- Revenue CAGR-11.3% · 0/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-2.5% · 0/25
Profitability90
- ROIC32.5% · 25/25
- ROE49.0% · 25/25
- Net margin17.7% · 20/25
- Operating margin16.7% · 20/25
Health69
- Altman Z3.10 · 25/25
- Current ratio0.98 · 6/25
- Interest coverage5.0x · 18/25
- Net cash / debtD/A 6% · 20/25
Quality69
- Piotroski F5/9 · 15/25
- Beneish M-2.39 · 20/25
- FCF conversion94% · 22/25
- Margin stabilityσ 9.8% · 12/25
Moat49
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin79.4% · 25/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst -18.4% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Apr 2, 2024MilestoneSplit into three companiesGE Aerospace, GE HealthCare and GE Vernova — the conglomerate era ends
- FY2023FinancialBest year on record$9.48B net income
- 2022MilestoneGE Aviation changed its name to GE Aerospace in a move executives say reflects the engine maker's…
- 2020MilestoneCFM International holds 39% of the world's commercial aircraft engine market share (while GE Aerospace…
- FY2019FinancialPositive free cash flow every year since7-year streak
- FY2016FinancialFirst recorded profitable year$8.83B net income
- FY2016FinancialRevenue already above $100B$124B in first reported year
- 2008MilestoneGE Capital nearly sinks the companyfinance arm becomes a crisis-era liability
- 2000AcquisitionAnalysts further assert that it enables General Electric to acquire assets similar to those it desired in its failed…
- 1986ProductIt was revealed in August 1986 that the group would be reorganized and an advanced technology division created
- 1968MilestoneAs part of a reorganization of General Electric at the beginning of January 1968, the Flight Propulsion Division was…
- 1959MilestoneThe Aircraft Gas Turbine Division was renamed the Flight Propulsion Division in May 1959
- 1958ProductThe GE and Lockheed team that developed the J79 and the F-104 Mach 2 fighter aircraft received the 1958 Collier…
- 1945MilestoneThe Lynn plant became the Aircraft Gas Turbine Division
- May 26, 1896MilestoneOriginal Dow Jones componentone of the 12 founding members of the index
- Apr 15, 1892FoundedGeneral Electric formedmerger of Edison's and Thomson-Houston's electric companies
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 21.7% year over year
- Strong cash conversion — FCF is 16.6% of revenue
- Could repay net debt from ~1.2 years of free cash flow
- Interest covered 5.0× by operating earnings
- High returns on invested capital (ROIC 32.5%)
Watch-outs
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+21.7% YoY
- Profitable — makes more than it spends$8.97B TTM
- Profit growing — earnings are higher than last year+198.6% YoY
- Generates cash — cash left after running and investing$8.40B TTM
- Debt under control — could handle its obligations~1.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$320B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.0% shares over ~5y
- Proven track record — years of profitability behind it6/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.1 — safe
- Pays a dividend — returns cash to shareholdersyield 0.51%
- Valuation not extreme — price not wildly above earningsP/E 35.6
Peer comparisonGE Aerospace vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| GE this company | $319.8B | 35.6 | +21.7% | 17.7% | Solid |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: GE vs NVDA · GE vs AAPL · GE vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/GE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of GE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $308.20 · market cap $320B.