01—Abstract
Summary
Summary of the 10-K filed January 29, 2026. Cited figures are marked; the original filing is the authoritative source.
GE Aerospace demonstrated robust financial performance in 2025, driven by strong revenue growth across both its Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT) segments.
Total revenue surged by 18% year-over-year, reaching $45.9 billiona, with CES sales up 24% and DPT sales up 11%. This growth was fueled by increased engine deliveries, a healthy demand for aftermarket services, and strategic contract wins in the defense sector. Profitability also saw significant improvement, with net income from continuing operations attributable to common shareholders increasing to $8.6 billion.
The company's free cash flow generation was substantial at $7.7 billionb, supporting share repurchases and investments in future growth. GE Aerospace continues to invest heavily in research and development, particularly in next-generation technologies like the RISE program, positioning itself for long-term innovation and market leadership. The company also benefited from positive credit rating upgrades, reflecting its improved financial health.
02—Key points
Key Highlights
- GE Aerospace reported total revenue of $45.9 billion for the year ended December 31, 2025, an increase of 18% compared to the prior year.
- Net income from continuing operations attributable to common shareholders was $8.6 billion for 2025, a significant increase from $6.7 billion in 2024.
- Free Cash Flow (FCF) for 2025 was $7.7 billion, up from $6.2 billion in 2024, demonstrating strong operational cash generation.
- The Commercial Engines & Services (CES) segment saw revenue increase by 24% to $33.3 billion, driven by higher engine deliveries and services volume.
- The Defense & Propulsion Technologies (DPT) segment's revenue grew by 11% to $10.6 billion, supported by government defense spending and critical aircraft systems.
- Remaining Performance Obligation (RPO) increased by 11% to $190.6 billion, indicating a strong future revenue pipeline, particularly in services.
- The company repurchased $7.4 billion of its common stock in 2025, reflecting a commitment to returning capital to shareholders.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed January 29, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $45.85B$38.70B | +18.5% |
| R&D Expenses | $1.58B$1.29B | +22.9% |
| SG&A Expenses | $4.09B$4.44B | −7.9% |
| Operating Expenses | $37.34B$33.35B | +12.0% |
| Operating Income | $8.60B$6.67B | +29.0% |
| Net Income | $8.70B$6.56B | +32.8% |
| EPS (Basic) | $8.20$6.04 | +35.8% |
| EPS (Diluted) | $8.14$5.99 | +35.9% |
| Shares Outstanding (Basic) | 1.06B1.08B | −2.2% |
| Shares Outstanding (Diluted) | 1.07B1.09B | −2.4% |
05—Questions
Frequently Asked Questions
What were the main drivers of GE Aerospace's revenue growth in 2025?
GE Aerospace's revenue growth in 2025 was primarily driven by an increase in engine deliveries and a strong demand for aftermarket services across its Commercial Engines & Services segment. The Defense & Propulsion Technologies segment benefited from increased government defense spending and growth in aircraft systems.
How did GE Aerospace's profitability perform in 2025?
Profitability improved significantly in 2025. Net income from continuing operations attributable to common shareholders increased to $8.6 billion, up from $6.7 billion in 2024. This improvement was attributed to increased segment profit, lower restructuring and separation costs, and the absence of goodwill impairment charges recorded in the prior year.
What is the outlook for GE Aerospace's future revenue based on the filing?
The company's future revenue outlook is strong, as indicated by the 11% increase in Remaining Performance Obligation (RPO) to $190.6 billion. This backlog includes significant long-term service agreements, providing substantial visibility into future service revenue.
What is the company's stance on capital allocation?
GE Aerospace maintains a disciplined capital allocation strategy, focusing on investing in technology and capacity expansion, returning capital to shareholders through dividends and share repurchases, and pursuing strategic acquisitions. The company repurchased $7.4 billion of its common stock in 2025.
06—Continue