financial statements

The full income statement, balance sheet, and cash-flow statement for GE Aerospace (GE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	45.9B YoY+18.5%	38.7B YoY+9.5%	35.3B YoY+21.3%	29.1B YoY-48.4%	56.5B YoY-2.7%
Research & development	1.58B YoY+22.9%	1.29B YoY+27.2%	1.01B YoY+25.1%	808M YoY-52.0%	1.68B YoY-2.2%
Selling, general & administrative	4.09B YoY-7.9%	4.44B YoY+9.7%	4.04B YoY+10.2%	3.67B YoY-55.1%	8.18B YoY-11.6%
Restructuring	—	—	403M YoY-15.9%	479M YoY-12.9%	550M YoY-26.9%
Amortization of intangibles	357M YoY+2.0%	350M YoY-8.4%	382M YoY+13.0%	338M YoY-54.2%	738M YoY-20.6%
Provision for credit losses	—	—	32.0M YoY+328.6%	-14.0M YoY-110.3%	136M
Interest & investment income	144M YoY+9.1%	132M YoY+3.9%	127M YoY-1.6%	129M YoY-22.8%	167M YoY+14.4%
Other non-operating income	1.49B YoY-34.3%	2.26B YoY-66.3%	6.72B YoY+728.4%	811M YoY-69.9%	2.70B YoY+384.4%
Equity-method income	892M YoY+95.6%	456M YoY+32.2%	345M YoY+54.7%	223M YoY+18.6%	188M YoY+382.1%
Pre-tax income	10.0B YoY+31.2%	7.62B YoY-27.0%	10.4B YoY+586.0%	1.52B YoY+126.7%	-5.70B YoY+32.9%
Income tax	1.41B YoY+46.0%	962M YoY-3.2%	994M YoY+488.2%	169M YoY+122.3%	-757M YoY+65.1%
	8.70B YoY+32.8%	6.56B YoY-30.9%	9.48B YoY+2722.0%	336M YoY+105.3%	-6.34B YoY-211.1%
Income from continuing operations	8.60B YoY+29.0%	6.67B YoY-29.4%	9.45B YoY+599.9%	1.35B YoY+128.0%	-4.82B YoY+21.1%
Discontinued operations	103M YoY+213.2%	-91.0M YoY-2933.3%	-3.00M YoY+99.7%	-949M YoY+35.4%	-1.47B YoY-112.4%
Net income to non-controlling interest	-6.00M YoY-154.5%	11.0M YoY+129.7%	-37.0M YoY-155.2%	67.0M YoY+194.4%	-71.0M YoY+55.1%
Preferred dividends	0.00	0.00 YoY-100.0%	295M YoY+2.1%	289M YoY+21.9%	237M YoY-50.0%
Net income to common	8.70B YoY+32.8%	6.56B YoY-28.6%	9.19B YoY+19041.7%	48.0M YoY+100.7%	-6.57B YoY-225.7%
	$8.14 YoY+35.9%	$5.99 YoY-28.3%	$8.36 YoY+16620.0%	$0.05 YoY+100.8%	-$6.00 YoY-229.3%
EPS (basic)	$8.20 YoY+35.8%	$6.04 YoY-28.4%	$8.44 YoY+16780.0%	$0.05 YoY+100.8%	-$6.00 YoY-229.3%
Weighted-avg shares (basic)	1.06B YoY-2.2%	1.08B YoY-0.4%	1.09B YoY-0.6%	1.10B YoY-0.2%	1.10B YoY+0.4%
Weighted-avg shares (diluted)	1.07B YoY-2.4%	1.09B YoY-0.5%	1.10B YoY-0.2%	1.10B YoY+0.3%	1.10B YoY+0.4%
Dividends per share	$1.44 YoY+28.6%	$1.12 YoY+250.0%	$0.32 YoY+0.0%	$0.32 YoY+0.0%	$0.32 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	40.6B YoY+7.9%	37.6B YoY-11.6%	42.6B YoY-27.1%	58.4B YoY-2.5%	59.9B YoY-29.4%
Cash & equivalents	12.4B YoY-9.0%	13.6B YoY-10.4%	15.2B YoY-3.8%	15.8B YoY+4.2%	15.2B YoY-58.5%
Accounts receivable	11.8B YoY+26.2%	9.33B YoY+7.2%	8.70B YoY-41.3%	14.8B YoY+17.9%	12.6B YoY-24.6%
Inventory	11.9B YoY+21.6%	9.76B YoY+17.9%	8.28B YoY-44.4%	14.9B YoY+10.0%	13.5B YoY-14.8%
Other current assets	1.05B YoY+9.4%	962M YoY-22.7%	1.24B YoY-11.1%	1.40B YoY-25.2%	1.87B YoY-29.6%
	130B YoY+5.7%	123B YoY-28.9%	173B YoY-8.2%	189B YoY-8.0%	205B YoY-19.8%
Property, plant & equipment	44.7B YoY+0.0%	44.7B YoY+0.0%	44.7B YoY+0.0%	44.7B YoY+0.0%	44.7B YoY+0.0%
Operating lease right-of-use	1.02B YoY-3.7%	1.06B YoY-8.9%	1.16B YoY-37.4%	1.85B YoY-18.1%	2.26B YoY-20.7%
Goodwill	9.06B YoY+6.1%	8.54B YoY-4.6%	8.95B YoY+1.3%	8.84B YoY-33.6%	13.3B YoY-2.7%
Intangible assets	4.22B YoY-0.8%	4.26B YoY-8.3%	4.64B YoY-24.0%	6.11B YoY-18.4%	7.48B YoY-22.6%
Long-term investments	38.8B YoY+2.8%	37.7B YoY-0.7%	38.0B YoY+5.5%	36.0B YoY-14.6%	42.2B YoY-0.9%
Deferred tax assets	7.46B YoY+4.9%	7.11B YoY-5.2%	7.50B YoY-25.0%	10.0B YoY-5.4%	10.6B YoY-25.8%
Other non-current assets	15.3B YoY+9.8%	13.9B YoY+18.9%	11.7B YoY-24.4%	15.5B YoY-27.3%	21.3B YoY+32.8%
	39.0B YoY+13.3%	34.4B YoY+7.1%	32.1B YoY-35.1%	49.4B YoY+9.2%	45.3B YoY-17.1%
Accounts payable	10.1B YoY+27.4%	7.91B YoY+5.2%	7.52B YoY-25.1%	10.0B YoY+13.8%	8.81B YoY-36.8%
Accrued liabilities	16.2B YoY+0.0%	16.2B YoY+0.0%	16.2B YoY+0.0%	16.2B YoY+0.0%	16.2B YoY+0.0%
Deferred revenue	10.3B YoY+10.5%	9.35B YoY+12.4%	8.32B YoY-48.7%	16.2B YoY+4.5%	15.5B YoY-15.6%
Short-term & current debt	1.69B YoY-17.3%	2.04B YoY+84.0%	1.11B YoY-70.4%	3.74B YoY-13.7%	4.33B YoY-8.1%
Current lease liability	280M YoY-1.1%	283M YoY-8.1%	308M	—	—
Other current liabilities	5.18B YoY+5.4%	4.92B YoY+1.2%	4.86B YoY-59.9%	12.1B YoY+2.0%	11.9B YoY-21.1%
	111B YoY+7.4%	104B YoY-28.4%	145B YoY-6.0%	154B YoY-10.5%	172B YoY-21.5%
Long-term debt	20.5B YoY+6.2%	19.3B YoY-7.6%	20.9B	—	—
Deferred revenue (non-current)	1.06B YoY+5.1%	1.01B YoY+3.9%	975M YoY-30.8%	1.41B YoY+0.9%	1.40B YoY-22.4%
Non-current lease liability	783M YoY-4.7%	822M YoY-11.7%	931M YoY-55.4%	2.09B YoY-16.3%	2.50B YoY-21.9%
Other non-current liabilities	7.28B YoY+14.1%	6.38B YoY+10.8%	5.76B YoY-48.0%	11.1B YoY-6.7%	11.9B YoY-19.8%
	18.7B YoY-3.4%	19.3B YoY-29.4%	27.4B YoY-18.7%	33.7B YoY+5.2%	32.0B YoY-9.9%
Preferred stock	0.00	0.00	0.00 YoY-100.0%	6.00M YoY+0.0%	6.00M YoY+0.0%
Common stock	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY+0.0%	15.0M YoY-97.9%
Additional paid-in capital	23.6B YoY-2.7%	24.3B YoY-10.0%	27.0B YoY-21.1%	34.2B YoY-1.5%	34.7B YoY+1.1%
Retained earnings	87.7B YoY+8.9%	80.5B YoY-7.0%	86.6B YoY+4.3%	83.0B YoY-0.4%	83.3B YoY-9.7%
Treasury stock	87.8B YoY+7.6%	81.6B YoY+2.0%	80.0B YoY-1.5%	81.2B YoY+0.1%	81.1B YoY-1.1%
Accumulated other comprehensive income	-4.80B YoY-24.3%	-3.86B YoY+37.2%	-6.15B YoY-170.7%	-2.27B YoY+53.3%	-4.86B YoY+50.1%
Non-controlling interest	221M YoY-0.9%	223M YoY-81.4%	1.20B YoY-1.2%	1.22B YoY-6.6%	1.30B YoY-14.5%
Total equity incl. non-controlling	18.9B YoY-3.4%	19.6B YoY-31.6%	28.6B YoY-18.1%	34.9B YoY+4.8%	33.3B YoY-10.1%
Total liabilities & equity	130B YoY+5.7%	123B YoY-28.9%	173B YoY-8.2%	189B YoY-8.0%	205B YoY-19.8%
Common shares issued	1.46B YoY+0.0%	1.46B YoY+0.0%	1.46B YoY+0.0%	1.46B YoY+0.0%	1.46B YoY-87.5%
Common shares outstanding	1.05B YoY-2.3%	1.07B YoY-1.4%	1.09B YoY-0.1%	1.09B YoY-0.9%	1.10B YoY+0.3%
Shares outstanding (cover)	1.05B YoY-2.5%	1.08B YoY-0.6%	1.09B YoY-0.4%	1.09B YoY-0.5%	1.10B YoY-87.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.54B YoY+81.3%	4.71B YoY-9.2%	5.19B YoY-12.3%	5.92B YoY+70.0%	3.48B YoY+2.1%
Depreciation & amortization	863M YoY+3.5%	834M YoY+4.6%	797M YoY-5.8%	846M YoY-47.8%	1.62B YoY-14.4%
Change in inventory	1.98B YoY+29.6%	1.53B YoY+15.7%	1.32B YoY+34.8%	980M YoY+220.3%	306M YoY+129.1%
Change in payables	1.99B YoY+189.7%	688M YoY-3.5%	713M YoY-56.5%	1.64B YoY+520.3%	-390M YoY+50.0%
	-1.15B YoY+30.8%	-1.67B YoY-142.0%	3.97B YoY+74.8%	2.27B YoY-89.4%	21.4B YoY+25.3%
Capital expenditure	1.27B YoY+23.4%	1.03B YoY+19.7%	862M YoY-18.8%	1.06B YoY+5.4%	1.01B YoY-23.9%
Acquisitions	360M YoY+166.7%	135M YoY+229.3%	41.0M YoY+36.7%	30.0M YoY-56.5%	69.0M
Proceeds from sale of PP&E	123M YoY+7.9%	114M YoY+90.0%	60.0M YoY-60.8%	153M YoY+1.3%	151M YoY-19.7%
Other investing activities	-309M YoY-107.2%	4.29B YoY+926.4%	-519M YoY+92.6%	-7.05B YoY-329.8%	-1.64B YoY+92.9%
	-8.68B YoY-29.1%	-6.73B YoY+21.9%	-8.61B YoY-54.2%	-5.58B YoY+87.7%	-45.4B YoY-126.0%
Long-term debt issued	1.99B	0.00	0.00	—	—
Common stock repurchased	7.55B YoY+29.6%	5.83B YoY+372.6%	1.23B YoY+17.7%	1.05B YoY+879.4%	107M
Other financing activities	120M YoY-87.9%	992M YoY+116.1%	459M YoY+145.9%	-1.00B YoY-91.2%	-523M YoY-779.2%
Net change in cash	-1.10B YoY+71.7%	-3.88B YoY-683.6%	664M YoY-70.3%	2.23B YoY+110.8%	-20.8B YoY-4007.7%
Interest paid	882M YoY-9.0%	969M YoY-9.2%	1.07B YoY-31.6%	1.56B YoY-38.4%	2.54B YoY-14.8%
Income taxes paid	—	852M YoY-14.3%	994M YoY-11.9%	1.13B YoY-15.2%	1.33B YoY+3.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	325B YoY+80.0%	181B YoY+62.8%	111B YoY+94.4%	57.0B YoY-11.7%	64.6B YoY-86.3%
P/E	37.3× YoY+35.6%	27.5× YoY+150.6%	11.0×	—	—
P/S	7.1× YoY+37.9%	5.1× YoY+82.9%	2.8× YoY+165.8%	1.1× YoY-12.7%	1.2× YoY-81.3%
P/B	17.4× YoY+86.4%	9.3× YoY+141.3%	3.9× YoY+113.4%	1.8× YoY-10.2%	2.0× YoY-84.8%
P/FCF	44.7× YoY-8.9%	49.1× YoY+158.2%	19.0× YoY-2.4%	19.5× YoY-25.5%	26.1× YoY-88.4%
Earnings yield	2.7% YoY-26.2%	3.6% YoY-60.1%	9.1%	—	—
FCF yield	2.2% YoY+9.7%	2.0% YoY-61.3%	5.3% YoY+2.5%	5.1% YoY+34.1%	3.8% YoY+764.4%
Dividend yield	0.5% YoY-30.4%	0.7% YoY+113.7%	0.3% YoY-48.8%	0.6% YoY+12.7%	0.5% YoY-8.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GE filings on SEC EDGAR → Not investment advice.

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About this data

financial statements