General Electric Co. (GE)

Annual Data

Quarterly Data

Profitability ratios measure the company's ability to generate profitable sales from its resources (assets).

General Electric Co., profitability ratios

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Return on Sales
Gross profit margin	%	%	%	%	%
Operating profit margin	%	%	%	%	%
Net profit margin	%	%	%	%	%
Return on Investment
Return on equity (ROE)	%	%	%	%	%
Return on assets (ROA)	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	General Electric Co.'s gross profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	General Electric Co.'s operating profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	General Electric Co.'s net profit margin improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017 not reaching 2015 level.
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	General Electric Co.'s ROE improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
ROA	A profitability ratio calculated as net income divided by total assets.	General Electric Co.'s ROA improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

General Electric Co., gross profit margin calculation

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in millions)
Gross profit from sales
Sales of goods and services
Ratio
Gross profit margin¹	%	%	%	%	%
Benchmarks
Gross Profit Margin, Competitors
3M Co.	%	%	%	%	%
Danaher Corp.	%	%	%	%	%
Honeywell International Inc.	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

2017 Calculations

¹ Gross profit margin = 100 × Gross profit from sales ÷ Sales of goods and services
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Gross profit margin	Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures.	General Electric Co.'s gross profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.

General Electric Co., operating profit margin calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in millions)
Operating earnings
Sales of goods and services
Ratio
Operating profit margin¹	%	%	%	%	%
Benchmarks
Operating Profit Margin, Competitors
3M Co.	%	%	%	%	%
Danaher Corp.	%	%	%	%	%
Honeywell International Inc.	%	%	%	%	%
Operating Profit Margin, Sector
General Industrials	%	%	%	%	%
Operating Profit Margin, Industry
Industrials	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

2017 Calculations

¹ Operating profit margin = 100 × Operating earnings ÷ Sales of goods and services
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	General Electric Co.'s operating profit margin deteriorated from 2015 to 2016 and from 2016 to 2017.

General Electric Co., net profit margin calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in millions)
Net earnings (loss) attributable to the Company
Sales of goods and services
Ratio
Net profit margin¹	%	%	%	%	%
Benchmarks
Net Profit Margin, Competitors
3M Co.	%	%	%	%	%
Danaher Corp.	%	%	%	%	%
Honeywell International Inc.	%	%	%	%	%
Net Profit Margin, Sector
General Industrials	%	%	%	%	%
Net Profit Margin, Industry
Industrials	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

2017 Calculations

¹ Net profit margin = 100 × Net earnings (loss) attributable to the Company ÷ Sales of goods and services
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	General Electric Co.'s net profit margin improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017 not reaching 2015 level.

General Electric Co., ROE calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in millions)
Net earnings (loss) attributable to the Company
Total GE shareowners' equity
Ratio
ROE¹	%	%	%	%	%
Benchmarks
ROE, Competitors
3M Co.	%	%	%	%	%
Danaher Corp.	%	%	%	%	%
Honeywell International Inc.	%	%	%	%	%
ROE, Sector
General Industrials	%	%	%	%	%
ROE, Industry
Industrials	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

2017 Calculations

¹ ROE = 100 × Net earnings (loss) attributable to the Company ÷ Total GE shareowners' equity
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders' equity.	General Electric Co.'s ROE improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

General Electric Co., ROA calculation, comparison to benchmarks

	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Selected Financial Data (USD $ in millions)
Net earnings (loss) attributable to the Company
Total assets
Ratio
ROA¹	%	%	%	%	%
Benchmarks
ROA, Competitors
3M Co.	%	%	%	%	%
Danaher Corp.	%	%	%	%	%
Honeywell International Inc.	%	%	%	%	%
ROA, Sector
General Industrials	%	%	%	%	%
ROA, Industry
Industrials	%	%	%	%	%

Source: Based on data from General Electric Co. Annual Reports

2017 Calculations

¹ ROA = 100 × Net earnings (loss) attributable to the Company ÷ Total assets
= 100 × hidden ÷ hidden = hidden %

Ratio	Description	The company
ROA	A profitability ratio calculated as net income divided by total assets.	General Electric Co.'s ROA improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

	General Electric Co.	Other companies (not purchased previously)
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Discounted Cash Flow (DCF) Valuation
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Profitability Analysis