Net Profit Margin
since 2005
Calculation
GE Aerospace, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to the Company1 | ÷ | Sales of equipment and services1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 20.57% | = | 100 | × | 8,704) | ÷ | 42,322) |
| Dec 31, 2024 | 18.67% | = | 100 | × | 6,556) | ÷ | 35,121) |
| Dec 31, 2023 | 14.68% | = | 100 | × | 9,481) | ÷ | 64,565) |
| Dec 31, 2022 | 0.31% | = | 100 | × | 225) | ÷ | 73,602) |
| Dec 31, 2021 | -9.17% | = | 100 | × | (6,520) | ÷ | 71,090) |
| Dec 31, 2020 | 7.81% | = | 100 | × | 5,704) | ÷ | 73,022) |
| Dec 31, 2019 | -5.69% | = | 100 | × | (4,979) | ÷ | 87,487) |
| Dec 31, 2018 | -19.69% | = | 100 | × | (22,355) | ÷ | 113,544) |
| Dec 31, 2017 | -5.11% | = | 100 | × | (5,786) | ÷ | 113,192) |
| Dec 31, 2016 | 8.00% | = | 100 | × | 8,831) | ÷ | 110,390) |
| Dec 31, 2015 | -5.79% | = | 100 | × | (6,126) | ÷ | 105,808) |
| Dec 31, 2014 | 14.27% | = | 100 | × | 15,233) | ÷ | 106,758) |
| Dec 31, 2013 | 12.99% | = | 100 | × | 13,057) | ÷ | 100,542) |
| Dec 31, 2012 | 13.62% | = | 100 | × | 13,641) | ÷ | 100,149) |
| Dec 31, 2011 | 14.97% | = | 100 | × | 14,151) | ÷ | 94,523) |
| Dec 31, 2010 | 11.59% | = | 100 | × | 11,644) | ÷ | 100,437) |
| Dec 31, 2009 | 10.62% | = | 100 | × | 11,025) | ÷ | 103,777) |
| Dec 31, 2008 | 15.44% | = | 100 | × | 17,410) | ÷ | 112,769) |
| Dec 31, 2007 | 22.31% | = | 100 | × | 22,208) | ÷ | 99,526) |
| Dec 31, 2006 | 20.68% | = | 100 | × | 20,829) | ÷ | 100,700) |
| Dec 31, 2005 | 17.66% | = | 100 | × | 16,353) | ÷ | 92,589) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin exhibited considerable fluctuation over the period from 2005 to 2025. Initial years demonstrated a generally positive trend, followed by significant volatility and a recent recovery.
- Initial Growth & Peak Performance (2005-2007)
- From 2005 to 2007, the net profit margin increased steadily, rising from 17.66% to a peak of 22.31%. This indicates improving profitability during this period, potentially driven by strong sales and effective cost management.
- Decline and Volatility (2008-2015)
- Following the peak in 2007, the net profit margin experienced a decline to 15.44% in 2008, likely influenced by broader economic conditions. Subsequent years showed continued volatility, ranging from 10.62% to 14.97% before reaching 14.27% in 2012. A notable negative value of -5.79% was recorded in 2015, representing a net loss and a significant departure from prior performance.
- Significant Losses (2016-2018)
- The period from 2016 to 2018 was characterized by substantial losses. The net profit margin plummeted to -5.11% in 2016, followed by a dramatic decline to -19.69% in 2018, representing the lowest point in the observed period. This suggests significant challenges impacting profitability, potentially related to restructuring costs or unfavorable market conditions.
- Recovery and Recent Performance (2019-2025)
- Beginning in 2019, the net profit margin began a recovery, reaching 7.81% before experiencing a substantial loss of -9.17% in 2020. A slight positive margin of 0.31% was observed in 2021, followed by a strong rebound to 14.68% in 2022. This positive trend continued, with the margin increasing to 18.67% in 2023 and further to 20.57% in 2025, indicating a return to robust profitability. The recent increase suggests successful turnaround strategies or favorable market dynamics.
Overall, the net profit margin demonstrates a cyclical pattern with periods of growth, decline, significant losses, and recent recovery. The volatility observed highlights the sensitivity of profitability to external factors and internal strategic decisions.
Comparison to Competitors
GE Aerospace, net profit margin, long-term trends, comparison to competitors
| GE Aerospace | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 20.57% | 2.50% | 13.89% | 14.89% | 12.63% | 6.69% | 7.60% |
| Dec 31, 2024 | 18.67% | -17.77% | 17.59% | 15.25% | 14.82% | 7.51% | 5.91% |
| Dec 31, 2023 | 14.68% | -2.86% | 16.18% | 13.87% | 15.43% | 10.24% | 4.64% |
| Dec 31, 2022 | 0.31% | -7.41% | 11.85% | 11.86% | 14.00% | 8.69% | 7.75% |
| Dec 31, 2021 | -9.17% | -6.75% | 13.47% | 10.92% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | 7.81% | -20.42% | 7.68% | 7.90% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | -5.69% | -0.83% | 12.00% | 10.34% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | -19.69% | 10.34% | 11.86% | 9.93% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | -5.11% | 8.78% | 1.77% | 14.63% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 8.00% | 5.18% | -0.19% | 9.73% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | -5.79% | 5.39% | 4.76% | 9.49% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 14.27% | 6.00% | 7.09% | 7.95% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 12.99% | 5.29% | 7.19% | 8.44% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 13.62% | 4.77% | 9.01% | 7.46% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 14.97% | 5.85% | 8.59% | 8.41% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 11.59% | 5.14% | 6.77% | 6.77% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 10.62% | 1.92% | 3.03% | 3.23% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 15.44% | 4.39% | 7.40% | 6.88% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 22.31% | 6.14% | 8.44% | 7.63% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 20.68% | 3.60% | 9.10% | 7.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 17.66% | 4.69% | 8.39% | 7.24% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
GE Aerospace, net profit margin, long-term trends, comparison to sector (capital goods)
| GE Aerospace | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 20.57% | 9.52% |
| Dec 31, 2024 | 18.67% | 6.65% |
| Dec 31, 2023 | 14.68% | 9.09% |
| Dec 31, 2022 | 0.31% | 5.27% |
| Dec 31, 2021 | -9.17% | 3.71% |
| Dec 31, 2020 | 7.81% | 1.85% |
| Dec 31, 2019 | -5.69% | 5.03% |
| Dec 31, 2018 | -19.69% | 2.99% |
| Dec 31, 2017 | -5.11% | 3.41% |
| Dec 31, 2016 | 8.00% | 7.61% |
| Dec 31, 2015 | -5.79% | 4.69% |
| Dec 31, 2014 | 14.27% | 9.51% |
| Dec 31, 2013 | 12.99% | 8.78% |
| Dec 31, 2012 | 13.62% | 8.73% |
| Dec 31, 2011 | 14.97% | 9.04% |
| Dec 31, 2010 | 11.59% | 7.93% |
| Dec 31, 2009 | 10.62% | 6.61% |
| Dec 31, 2008 | 15.44% | 9.45% |
| Dec 31, 2007 | 22.31% | 11.53% |
| Dec 31, 2006 | 20.68% | 10.82% |
| Dec 31, 2005 | 17.66% | 9.72% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
GE Aerospace, net profit margin, long-term trends, comparison to industry (industrials)
| GE Aerospace | Industrials | |
|---|---|---|
| Dec 31, 2025 | 20.57% | 9.59% |
| Dec 31, 2024 | 18.67% | 8.06% |
| Dec 31, 2023 | 14.68% | 8.32% |
| Dec 31, 2022 | 0.31% | 5.04% |
| Dec 31, 2021 | -9.17% | 5.85% |
| Dec 31, 2020 | 7.81% | 0.09% |
| Dec 31, 2019 | -5.69% | 4.11% |
| Dec 31, 2018 | -19.69% | 4.75% |
| Dec 31, 2017 | -5.11% | 5.79% |
| Dec 31, 2016 | 8.00% | 7.43% |
| Dec 31, 2015 | -5.79% | 6.48% |
| Dec 31, 2014 | 14.27% | 8.76% |
| Dec 31, 2013 | 12.99% | 8.23% |
| Dec 31, 2012 | 13.62% | 7.39% |
| Dec 31, 2011 | 14.97% | 8.26% |
| Dec 31, 2010 | 11.59% | 7.48% |
| Dec 31, 2009 | 10.62% | 5.76% |
| Dec 31, 2008 | 15.44% | 7.27% |
| Dec 31, 2007 | 22.31% | 9.56% |
| Dec 31, 2006 | 20.68% | 14.87% |
| Dec 31, 2005 | 17.66% | 3.55% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).