GENERAL ELECTRIC COGE
GENERAL ELECTRIC CO Financial Overview 2021–2025
Updated Jul 10, 2026GE Aerospace ended FY2025 with a $190.6 billion Remaining Performance Obligation, exposing a massive backlog of service and equipment demand. This pipeline proves that dismantling the legacy conglomerate to isolate the aviation business was a highly lucrative strategic pivot. By shedding its healthcare and energy divisions, the company transformed into a pure-play aviation operation designed for targeted capital allocation and shareholder returns.
The financial success of this restructuring is clearly visible in the company's cash generation, as Free Cash Flow surged from just $1.9 billion in FY2021 to $7.7 billion in FY2025. This operational efficiency funded direct capital returns, including $7.4 billion in common stock repurchases during FY2025. Top-line growth also accelerated, with total revenue jumping 18% year-over-year to $45.9 billion. The Commercial Engines & Services segment led this expansion, growing revenue by 24% to $33.3 billion on the back of higher engine deliveries and aftermarket shop visit volumes. Momentum continued into Q1 2026, where total revenue surged another 25% to $12.4 billion and the backlog expanded to $211.3 billion.
Investors have richly rewarded this structural simplification. At the close of FY2025, the market valued the streamlined aerospace entity at a $323.1 billion market cap. Shares traded at $308.03, representing a 37.8x price-to-earnings multiple that reflects market confidence in the company's long-term service contracts and resilient defense spending.
Recent Developments (Q4 2025 and Q1 2026)
Strong bottom-line execution defined Q1 2026, as Adjusted EPS climbed 25% to $1.86 alongside stable net income of $1.93 billion. The Commercial Engines & Services (CES) division dominated the quarter, growing revenue by 34% to $8.9 billion backed by major new airline deals. The Defense & Propulsion Technologies (DPT) segment similarly accelerated, pushing revenue up 19% to $3.2 billion and driving a 17% profit bump. Operationally, the company streamlined oversight when Mohamed Ali assumed the role of CES President and CEO on February 1, 2026, taking unified control over the entire commercial engine lifecycle. Improved corporate liquidity and financial health also earned the firm a Moody’s credit upgrade to A2.
Bulls argue that surging CES revenue demonstrates exceptional pricing power and demand capture. Conversely, bears caution that ongoing supply chain friction and inflationary pressures could eventually compress operating margins despite the top-line growth. Trading at 35.2x earnings as of April 21, 2026, the stock retains a premium valuation requiring uninterrupted operational perfection.
What to watch: supply chain capacity improvements; strategic execution of CES lifecycle management under new leadership
Rev
$45.85B
FY2025
NI
$8.70B
FY2025
EPS
$8.20
FY2025
OCF
$8.54B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
GENERAL ELECTRIC CO 8-K Report, Bylaw Amendment (Jun 25, 2026)
General Electric Company (GE), now operating as GE Aerospace, announced on June 25, 2026, significant amendments to its By-Laws, effective immediately. These changes are primarily focused on corporate governance and shareholder engagement procedures, particularly concerning the nomination of directors and proxy solicitations. Key among these amendments are enhanced requirements for shareholder nominations, aligning with Rule 14a-19 of the Securities Exchange Act of 1934. The By-Laws now also specify requirements for the accuracy of nomination information as of the record date and ten business days prior to the meeting. Additionally, shareholders soliciting proxies will be required to use a proxy card color other than white. The company has also established exclusive forum provisions for legal proceedings, designating New York courts for certain state-level corporate law claims and federal courts for claims under the Securities Act of 1933.
GENERAL ELECTRIC CO 8-K Report, Executive Changes (Jun 11, 2026)
General Electric Company (GE), operating as GE Aerospace, announced a significant change to its Board of Directors with the election of Judson Althoff, effective June 24, 2026. This appointment will lead to an increase in the size of the Board to accommodate Mr. Althoff. The Board has affirmed that Mr. Althoff meets all independence criteria according to both New York Stock Exchange standards and the Company's internal guidelines. Mr. Althoff will be integrated into the existing compensation and benefit program for independent directors, details of which were previously disclosed in the Company's May 5, 2026 Proxy Statement. While his election is confirmed, no committee assignments for Mr. Althoff have been announced at this time. This move signals potential strategic additions to the board's oversight and governance.
GENERAL ELECTRIC CO 8-K Report, Executive Changes (May 7, 2026)
General Electric Company, operating as GE Aerospace, held its annual shareholders meeting on May 5, 2026. The meeting saw strong shareholder support for key management proposals, including the election of all director nominees, the advisory vote on executive compensation ("Say on Pay"), the amendment and restatement of the 2022 Long-Term Incentive Plan (LTIP), and the ratification of Deloitte & Touche LLP as the independent auditor for 2026. Notably, shareholders approved the Amended LTIP, which decreases the number of shares reserved for issuance to 50 million and extends the plan's term to 2036. However, a shareholder proposal requesting a report on defense-related products did not receive majority approval. The results indicate continued confidence in the company's leadership and existing compensation and incentive structures, while also reflecting a sentiment that further reporting on defense products was not deemed necessary by the majority of shareholders at this time.
GENERAL ELECTRIC CO 8-K Report, Financial Results (Apr 21, 2026)
General Electric Company, now operating as GE Aerospace, has filed a Current Report (8-K) on April 21, 2026, to announce its first-quarter 2026 financial results. The detailed results are available on the company's investor relations website and were furnished as an exhibit to this filing. Investors should note that this information is being furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act, meaning it does not carry the same regulatory liabilities as a formally filed document. This report primarily serves as a notification and provides access to the company's Q1 2026 performance. As GE Aerospace is now the primary operating entity, the focus of these results would be on its aerospace segment's performance, including revenue, profitability, and any forward-looking guidance provided in the earnings release. Investors seeking comprehensive details on the company's financial health and strategic direction for the quarter should refer directly to the released earnings materials.
GENERAL ELECTRIC CO 8-K Report, Financial Results (Jan 22, 2026)
General Electric Company, now operating as GE Aerospace, has filed an 8-K to report its fourth-quarter and full-year 2025 financial results. The company released this information on its investor relations website on January 22, 2026. Investors seeking detailed financial performance, operational metrics, and forward-looking guidance should refer to the earnings release attached as Exhibit 99 to this filing. This 8-K serves primarily as a notification of the earnings release, with the actual financial details contained within the attached document. The company emphasizes that this information is furnished and not deemed "filed" for certain regulatory purposes. Therefore, the primary source for understanding GE Aerospace's financial condition and results of operations for the period ending December 31, 2025, is the exhibit itself.
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