Analysis of Revenues
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- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Revenues as Reported
GE Aerospace, income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Engines & Services (CES) | |||||||||||
| Defense & Propulsion Technologies (DPT) | |||||||||||
| Corporate & Other | |||||||||||
| External revenue |
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).
The reporting period demonstrates consistent revenue growth across all major segments. External revenue experienced a substantial increase over the observed timeframe, driven primarily by growth in the Commercial Engines & Services segment.
- Commercial Engines & Services (CES)
- Revenue from Commercial Engines & Services exhibited significant growth, increasing from US$18,362 million in 2022 to US$33,252 million in 2025. This represents a compound annual growth rate (CAGR) of approximately 22.7%. The segment consistently contributed the largest portion of overall external revenue.
- Defense & Propulsion Technologies (DPT)
- Defense & Propulsion Technologies also showed positive revenue growth, albeit at a more moderate pace. Revenue increased from US$6,972 million in 2022 to US$8,868 million in 2025, representing a CAGR of approximately 8.2%. Growth appears relatively stable year-over-year.
- Corporate & Other
- Revenue from the Corporate & Other segment initially increased from US$3,805 million in 2022 to US$4,344 million in 2023, but subsequently decreased to US$3,735 million in 2025. This segment demonstrates a fluctuating pattern, with a net decrease over the period. The 2024 value of US$4,011 million represents an intermediate point in this trend.
- External Revenue (Total)
- Total external revenue increased consistently from US$29,139 million in 2022 to US$45,855 million in 2025. This represents a CAGR of approximately 12.2%. The growth rate accelerated between 2023 and 2024, and continued at a similar pace through 2025. The substantial increase in CES revenue is the primary driver of this overall growth.
The observed trends suggest a strong positive trajectory for the company, particularly within the Commercial Engines & Services sector. While the Defense & Propulsion Technologies segment also contributes to growth, its rate is considerably lower. The Corporate & Other segment presents a contrasting pattern, with a slight overall decline in revenue.