Early Access

10-KPeriod: FY2025

GENERAL ELECTRIC CO Annual Report, Year Ended Dec 31, 2025

Filed January 29, 2026For Securities:GE

Summary

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 billion, 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 billion, 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.

Financial Statements
Beta
Revenue$45.85B
R&D Expenses$1.58B
SG&A Expenses$4.09B
Operating Expenses$37.34B
Operating Income$8.60B
Net Income$8.70B
EPS (Basic)$8.20
EPS (Diluted)$8.14
Shares Outstanding (Basic)1.06B
Shares Outstanding (Diluted)1.07B

Key Highlights

  • 1GE Aerospace reported total revenue of $45.9 billion for the year ended December 31, 2025, an increase of 18% compared to the prior year.
  • 2Net income from continuing operations attributable to common shareholders was $8.6 billion for 2025, a significant increase from $6.7 billion in 2024.
  • 3Free Cash Flow (FCF) for 2025 was $7.7 billion, up from $6.2 billion in 2024, demonstrating strong operational cash generation.
  • 4The Commercial Engines & Services (CES) segment saw revenue increase by 24% to $33.3 billion, driven by higher engine deliveries and services volume.
  • 5The Defense & Propulsion Technologies (DPT) segment's revenue grew by 11% to $10.6 billion, supported by government defense spending and critical aircraft systems.
  • 6Remaining Performance Obligation (RPO) increased by 11% to $190.6 billion, indicating a strong future revenue pipeline, particularly in services.
  • 7The company repurchased $7.4 billion of its common stock in 2025, reflecting a commitment to returning capital to shareholders.

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