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 Highlights

48 data points
Beta

Revenue

$45.85B

Net Income

$8.70B

19.0% Net Margin

EPS (Diluted)

$8.14

Total Assets

$130.17B

Cash & Equivalents

$12.39B

Free Cash Flow

$8.54B

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.

Frequently Asked Questions

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.

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.

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.

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.