Return on Assets (ROA)
since 2005
Calculation
GE Aerospace, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to the Company1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 6.69% | = | 100 | × | 8,704) | ÷ | 130,169) |
| Dec 31, 2024 | 5.32% | = | 100 | × | 6,556) | ÷ | 123,140) |
| Dec 31, 2023 | 5.81% | = | 100 | × | 9,481) | ÷ | 163,045) |
| Dec 31, 2022 | 0.12% | = | 100 | × | 225) | ÷ | 187,788) |
| Dec 31, 2021 | -3.28% | = | 100 | × | (6,520) | ÷ | 198,874) |
| Dec 31, 2020 | 2.25% | = | 100 | × | 5,704) | ÷ | 253,452) |
| Dec 31, 2019 | -1.87% | = | 100 | × | (4,979) | ÷ | 266,048) |
| Dec 31, 2018 | -7.23% | = | 100 | × | (22,355) | ÷ | 309,129) |
| Dec 31, 2017 | -1.53% | = | 100 | × | (5,786) | ÷ | 377,945) |
| Dec 31, 2016 | 2.42% | = | 100 | × | 8,831) | ÷ | 365,183) |
| Dec 31, 2015 | -1.24% | = | 100 | × | (6,126) | ÷ | 492,692) |
| Dec 31, 2014 | 2.35% | = | 100 | × | 15,233) | ÷ | 648,349) |
| Dec 31, 2013 | 1.99% | = | 100 | × | 13,057) | ÷ | 656,560) |
| Dec 31, 2012 | 1.99% | = | 100 | × | 13,641) | ÷ | 685,328) |
| Dec 31, 2011 | 1.97% | = | 100 | × | 14,151) | ÷ | 717,242) |
| Dec 31, 2010 | 1.55% | = | 100 | × | 11,644) | ÷ | 751,216) |
| Dec 31, 2009 | 1.41% | = | 100 | × | 11,025) | ÷ | 781,818) |
| Dec 31, 2008 | 2.18% | = | 100 | × | 17,410) | ÷ | 797,769) |
| Dec 31, 2007 | 2.79% | = | 100 | × | 22,208) | ÷ | 795,337) |
| Dec 31, 2006 | 2.99% | = | 100 | × | 20,829) | ÷ | 697,239) |
| Dec 31, 2005 | 2.43% | = | 100 | × | 16,353) | ÷ | 673,342) |
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 Return on Assets (ROA) exhibited considerable fluctuation over the period from 2005 to 2025. Initial years demonstrated a generally positive trend, followed by significant volatility and a subsequent recovery in later years. Net income attributable to the Company and Total assets both experienced changes throughout the period, influencing the ROA calculation.
- Initial Growth and Stability (2005-2007)
- From 2005 to 2007, the ROA increased from 2.43% to 2.99% and then remained relatively stable at 2.79%. This period coincided with increasing net income and total assets, indicating efficient asset utilization in generating profits. The growth in total assets was more pronounced than the growth in net income, suggesting a period of investment and expansion.
- Decline and Volatility (2008-2015)
- The ROA experienced a decline beginning in 2008, falling to 2.18%, and continued to decrease, reaching a low of -1.24% in 2015. This period was marked by significant economic challenges and a substantial decrease in net income, particularly a net loss in 2015. Total assets also decreased during this timeframe, but not at a rate sufficient to offset the decline in profitability. The negative ROA in 2015 indicates that the company’s assets were generating a loss.
- Recovery and Subsequent Fluctuations (2016-2019)
- A recovery was observed in 2016, with the ROA rising to 2.42%, driven by a positive net income. However, this was followed by a sharp decline in 2018, with the ROA reaching -7.23%, coinciding with a substantial net loss. The ROA remained negative in 2019, at -1.87%, despite a slight increase in net income. Total assets experienced a significant reduction during this period.
- Recent Performance (2020-2025)
- The ROA turned positive in 2020, at 2.25%, and experienced substantial growth in the following years, peaking at 6.69% in 2025. This improvement was driven by a combination of increasing net income and decreasing total assets. The most recent years demonstrate a strong positive trend in asset utilization and profitability. The ROA in 2022 and 2023 were particularly notable, showing a significant improvement from prior years.
Overall, the ROA demonstrates a cyclical pattern, influenced by both profitability and asset management. The period from 2008 to 2019 was characterized by significant challenges, while the more recent years show a marked improvement in financial performance.
Comparison to Competitors
GE Aerospace, ROA, 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 | 6.69% | 1.33% | — | — | — | 8.38% | — |
| Dec 31, 2024 | 5.32% | -7.56% | 12.30% | 9.89% | 7.59% | 9.59% | 2.93% |
| Dec 31, 2023 | 5.81% | -1.62% | 11.81% | 8.37% | 9.20% | 13.19% | 1.97% |
| Dec 31, 2022 | 0.12% | -3.60% | 8.18% | 7.03% | 7.97% | 10.84% | 3.27% |
| Dec 31, 2021 | -3.28% | -3.03% | 7.84% | 6.30% | 8.60% | 12.41% | 2.39% |
| Dec 31, 2020 | 2.25% | -7.80% | 3.83% | 4.43% | 7.40% | 13.47% | -2.17% |
| Dec 31, 2019 | -1.87% | -0.48% | 7.77% | 6.74% | 10.47% | 13.11% | 3.96% |
| Dec 31, 2018 | -7.23% | 8.91% | 7.83% | 6.90% | 11.71% | 11.24% | 3.93% |
| Dec 31, 2017 | -1.53% | 8.88% | 0.98% | 9.15% | 2.79% | 4.30% | 4.70% |
| Dec 31, 2016 | 2.42% | 5.44% | -0.09% | 6.32% | 8.88% | 11.09% | 5.64% |
| Dec 31, 2015 | -1.24% | 5.48% | 2.68% | 6.38% | 9.67% | 7.34% | 8.70% |
| Dec 31, 2014 | 2.35% | 5.49% | 4.36% | 5.35% | 9.33% | 9.75% | 6.81% |
| Dec 31, 2013 | 1.99% | 4.95% | 4.46% | 5.24% | 8.64% | 8.24% | 6.31% |
| Dec 31, 2012 | 1.99% | 4.39% | 6.36% | 3.39% | 6.99% | 7.10% | 5.74% |
| Dec 31, 2011 | 1.97% | 5.02% | 6.05% | 7.55% | 5.19% | 7.00% | 8.10% |
| Dec 31, 2010 | 1.55% | 4.82% | 4.22% | 5.38% | 5.34% | 8.34% | 7.48% |
| Dec 31, 2009 | 1.41% | 2.11% | 1.49% | 2.35% | 5.98% | 8.61% | 6.87% |
| Dec 31, 2008 | 2.18% | 4.97% | 5.25% | 6.35% | 7.87% | 9.62% | 8.30% |
| Dec 31, 2007 | 2.79% | 6.91% | 6.31% | 7.40% | 7.23% | 10.49% | 7.74% |
| Dec 31, 2006 | 2.99% | 4.28% | 6.95% | 8.32% | 6.73% | 8.96% | 7.92% |
| Dec 31, 2005 | 2.43% | 4.28% | 6.06% | 7.88% | 5.12% | 6.58% | 6.68% |
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, ROA, long-term trends, comparison to sector (capital goods)
| GE Aerospace | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 6.69% | — |
| Dec 31, 2024 | 5.32% | 3.59% |
| Dec 31, 2023 | 5.81% | 5.21% |
| Dec 31, 2022 | 0.12% | 2.84% |
| Dec 31, 2021 | -3.28% | 1.86% |
| Dec 31, 2020 | 2.25% | 0.80% |
| Dec 31, 2019 | -1.87% | 2.72% |
| Dec 31, 2018 | -7.23% | 1.74% |
| Dec 31, 2017 | -1.53% | 1.83% |
| Dec 31, 2016 | 2.42% | 4.09% |
| Dec 31, 2015 | -1.24% | 2.17% |
| Dec 31, 2014 | 2.35% | 3.87% |
| Dec 31, 2013 | 1.99% | 3.45% |
| Dec 31, 2012 | 1.99% | 3.30% |
| Dec 31, 2011 | 1.97% | 3.30% |
| Dec 31, 2010 | 1.55% | 2.70% |
| Dec 31, 2009 | 1.41% | 2.16% |
| Dec 31, 2008 | 2.18% | 3.33% |
| Dec 31, 2007 | 2.79% | 3.89% |
| Dec 31, 2006 | 2.99% | 3.91% |
| Dec 31, 2005 | 2.43% | 3.25% |
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, ROA, long-term trends, comparison to industry (industrials)
| GE Aerospace | Industrials | |
|---|---|---|
| Dec 31, 2025 | 6.69% | — |
| Dec 31, 2024 | 5.32% | 5.24% |
| Dec 31, 2023 | 5.81% | 5.61% |
| Dec 31, 2022 | 0.12% | 3.31% |
| Dec 31, 2021 | -3.28% | 3.40% |
| Dec 31, 2020 | 2.25% | 0.04% |
| Dec 31, 2019 | -1.87% | 2.56% |
| Dec 31, 2018 | -7.23% | 3.16% |
| Dec 31, 2017 | -1.53% | 3.59% |
| Dec 31, 2016 | 2.42% | 4.55% |
| Dec 31, 2015 | -1.24% | 3.52% |
| Dec 31, 2014 | 2.35% | 4.31% |
| Dec 31, 2013 | 1.99% | 3.91% |
| Dec 31, 2012 | 1.99% | 3.38% |
| Dec 31, 2011 | 1.97% | 3.69% |
| Dec 31, 2010 | 1.55% | 3.03% |
| Dec 31, 2009 | 1.41% | 2.24% |
| Dec 31, 2008 | 2.18% | 3.10% |
| Dec 31, 2007 | 2.79% | 3.87% |
| Dec 31, 2006 | 2.99% | 6.41% |
| Dec 31, 2005 | 2.43% | 1.42% |
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).