Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

GE Aerospace, net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net earnings (loss) attributable to the Company1 ÷ Sales of equipment and services1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 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 financial performance over the observed period exhibits notable fluctuations in key metrics, including net earnings, sales, and profit margins.

Net Earnings (Loss) Attributable to the Company
The net earnings demonstrate an initial upward trend from 2005 through 2007, peaking at 22,208 million USD. Following this peak, a general decline is observed, with earnings dropping significantly in the years around 2014 and 2018, including recorded net losses in several years such as 2015, 2017, 2018, and 2021. Recovery phases are noted intermittently, with positive earnings in 2016, 2020, 2023, and 2024, reaching up to 9,481 million USD in 2023. This pattern suggests volatility in profitability with cycles of gains and losses linked potentially to market or operational challenges.
Sales of Equipment and Services
Sales figures show a general upward trend from 2005 (92,589 million USD) to a peak around 2014 (106,758 million USD). However, after 2014, a clear downward trajectory becomes apparent, with sales steadily declining to 35,121 million USD by 2024. This significant reduction indicates possible contraction in market demand, divestitures, or strategic refocusing of business operations during the latter years.
Net Profit Margin
The profit margin aligns closely with the earnings pattern, exhibiting strong margins above 15% in the early years, peaking at 22.31% in 2007. From 2008 onwards, the margin experiences multiple downturns, including negative margins in 2014 (-5.79%), 2017 (-5.11%), 2018 (-19.69%), and 2021 (-9.17%). Positive margins reemerge in recent years, reaching 18.67% by 2024. This oscillation reflects underlying challenges in cost management or pricing power, coupled with periods of recovery indicating improved operational efficiency or market conditions.

Comparison to Competitors

GE Aerospace, net profit margin, long-term trends, comparison to competitors

Microsoft Excel
GE Aerospace Boeing Co. Caterpillar Inc. Eaton Corp. plc Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
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Based on: 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)

Microsoft Excel
GE Aerospace Capital Goods
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Dec 31, 2018
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2006
Dec 31, 2005

Based on: 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)

Microsoft Excel
GE Aerospace Industrials
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Based on: 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).