GE Aerospace (NYSE:GE)

Gross Profit Margin

The gross profit margin exhibited an overall upward trend from March 2021 through September 2025. Starting at 18.8% in early 2021, it gradually increased with some fluctuations, reaching approximately 32.16% by September 2025. Notably, there was a steady improvement between mid-2023 and the end of the observed period, suggesting enhanced efficiency or pricing power in the core business operations.

Operating Profit Margin

The operating profit margin also showed significant growth over the period. Initially low at 4.72% in March 2021, it demonstrated a consistent upward trajectory, peaking above 26% toward the latter quarters. This improvement was somewhat volatile in the early periods but became more pronounced and stable starting in 2023, indicating better operational control and profitability before interest and taxes.

Net Profit Margin

The net profit margin started with negative values through much of 2021 and part of 2022, reflecting losses at the bottom line. A turning point occurred around late 2022 to early 2023, where the margin shifted into positive territory with significant gains, reaching approximately 20% in late 2025. This positive turnaround signals successful cost management, reduced expenses, or improved revenue quality impacting the net earnings.

Return on Equity (ROE)

ROE followed a pattern resembling that of the net profit margin, beginning with negative returns through most of 2021 and 2022, with a sharp recovery toward early 2023. Post-recovery, the ROE showed considerable strength, peaking around 42.86% by September 2025. This indicates increased shareholder value generation and effective utilization of equity capital over time.

Return on Assets (ROA)

ROA trends mirror those of net profit margin and ROE, initially negative or near zero through the early data periods. From early 2023 onwards, ROA moved into steadily positive territory, reaching close to 6.29% by the end of the data range. This rise denotes a gradual improvement in the company’s effectiveness in using its assets to generate earnings.

Gross Profit from Sales

The gross profit exhibited an overall fluctuating trend across the periods observed. Initially, the quarterly gross profit rose from $3,778 million in March 2021 to a peak of $5,545 million in December 2022. This was followed by a marked decline to $2,965 million in March 2023, signaling a significant drop in profitability early that year. Subsequently, a gradual recovery occurred, with gross profit climbing steadily over the subsequent quarters to reach $3,544 million by September 2025. Despite the recovery, the later values remained below the previous peak observed in late 2022.

Sales of Equipment and Services

Sales figures also demonstrated variability, tracking somewhat in line with gross profit trends but with notable distinctions. From March 2021, sales increased from $16,316 million to a high of $21,012 million in December 2022. A sharp reduction followed, with sales dropping to $13,694 million by March 2023. After this trough, sales gradually recovered over the following quarters, reaching $11,306 million by September 2025. Although the recovery was observable, sales volumes in the later periods remained lower than those during the late 2022 peak.

Gross Profit Margin

The gross profit margin displayed a general upward trajectory over the analyzed timeline. Starting at 18.8% in March 2021, the margin increased to approximately 24% by the end of 2021 and remained relatively stable around the mid-20% range through 2022 and early 2023. From 2024 onward, the margin showed a pronounced positive trend, climbing from roughly 23% to exceed 32% by September 2025. This improvement indicates enhanced profitability efficiency, despite fluctuating sales and gross profit values.

Summary Insights

The data reveals cyclical fluctuations in both sales and gross profit, marked by significant peaks in late 2022 followed by sharp declines in early 2023. Post-peak periods show signs of recovery but do not reach prior highs. Contrastingly, the gross profit margin consistently improved over time, especially from 2024 forward, suggesting that operational efficiency or product mix enhancements have contributed to improved profitability ratios. The dissociation between sales/gross profit levels and margin improvement may reflect strategic cost management or pricing power strengthening despite variable revenue performance.

The financial data reveals notable fluctuations and a positive overall trajectory in operating income, sales, and operating profit margin over the periods analyzed.

Operating Income (Loss)

Operating income exhibited significant variability across quarters. Initial values showed moderate income around $1.1 billion to $2.2 billion in 2021, with a pronounced dip to $175 million in early 2022. Subsequently, operating income rebounded strongly, demonstrating a recovery and growth trend into 2023 and beyond, reaching a peak of approximately $2.75 billion by the final reported quarters in 2025.

This pattern suggests episodic challenges early in the period, followed by sustained growth and improved profitability in the later periods.

Sales of Equipment and Services

Sales values showed an overall upward trend with some intermittent declines. From roughly $16.3 billion in early 2021, sales peaked around $21 billion by late 2021. A sharp decrease occurs in early 2023 to around $8 billion, followed by a steady recovery in subsequent quarters, reaching roughly $11.3 billion by late 2025.

The observed sales fluctuations possibly indicate shifts in market demand, seasonality, or operational adjustments affecting the volume of equipment and services sold. The recovery phase points to successful corrective measures or renewed demand.

Operating Profit Margin (%)

The operating profit margin trend shows consistent improvement over time, beginning at a modest 4.72% in early 2021 and progressively rising each quarter. By 2024 and 2025, margins increase sharply, surpassing 20% and reaching above 26% in the final periods.

This increasing margin reflects improved cost efficiency, pricing strategy effectiveness, or a favorable product and service mix, contributing to enhanced profitability despite variability in sales and operating income.

In summary, the analyzed data indicates an initial period of volatility followed by a strong recovery and growth phase characterized by rising operating income and sales recovering after dips. The rising operating profit margin over time underscores enhanced operational efficiency and profitability resilience. The company appears to have successfully navigated earlier setbacks, translating into stronger financial performance in the latter periods.

The analysis of the quarterly financial indicators reveals distinct trends across the observed periods. Net income attributable to the company demonstrates considerable volatility initially, with significant losses recorded in the early quarters. This trend shifts markedly from the end of 2021 onwards, where net income improves, turning positive and generally increasing, particularly noticeable from early 2023 through 2025, reflecting a sustained profitability trend.

Sales of equipment and services exhibit a fluctuating pattern over time. There is an initial increase in sales through 2021, followed by a decline evident in the early part of 2023. Sales then recover progressively, with a notable upward trajectory from 2024 through to the first three quarters of 2025. Despite periodic dips, the overall sales trend indicates recovery and growth in later periods.

The net profit margin closely mirrors the changes in net income, moving from negative margins in the early to mid-2021 quarters to a positive and increasing margin starting in late 2021. After a period of marginal positive profitability at the end of 2022, the margin expands substantially throughout 2023 and beyond, reaching double-digit percentages and peaking in the latter part of the forecast horizon. This enhancement in profitability margins suggests improved operational efficiency and financial performance over time.

Net Income (Loss)

Initial periods characterized by significant losses transition to consistent and growing profits from the end of 2021 onward.

Sales of Equipment and Services

Sales fluctuated with an early rise, mid-period decline, followed by gradual recovery and growth through 2024 and 2025.

Net Profit Margin

Margins shifted from negative to positive, with pronounced improvement starting in late 2022 and sustained increases through 2025.

The net income attributable to the company exhibits significant fluctuations over the observed periods. Initially, the company experienced negative net income, reaching a low of -3844 million US dollars at the end of 2021. Subsequently, there was a marked recovery with positive net income starting in late 2021 and peaking at 7506 million US dollars by March 2023. Following this peak, the net income shows some volatility but generally remains positive, with values stabilizing in the range of approximately 1500 to 2150 million US dollars from March 2024 onward. This pattern indicates a turnaround from substantial losses toward consistent profitability.

Shareholders’ equity displayed a declining trend across the timeline, with values decreasing from around 40,310 million US dollars at the end of 2021 to approximately 18,812 million US dollars by September 2025. This reduction in equity suggests either ongoing capital distributions, asset write-downs, or sustained losses in certain periods that have eroded the equity base. Notably, there is a steep decline between March 2024 and June 2024, followed by stabilization and a slight decrease through 2025.

Return on Equity (ROE) trends are closely aligned with the net income movements, initially demonstrating negative returns as high as -18.56% during mid-2022. A significant shift occurs starting in early 2023, where ROE rapidly improves, peaking at 42.86% by the last quarter observed in 2025. This considerable improvement highlights enhanced profitability relative to shareholders' equity despite the declining equity base. The elevated ROE figures in later periods suggest effective utilization of equity to generate earnings, reflecting an overall positive operational turnaround.

Summary of Key Trends

Net income transitions from substantial losses to consistent profitability, peaking in early 2023 and stabilizing thereafter.

Shareholders’ equity shows a downward trend, halving over the observed timeframe, with a notable sharp decrease in 2024.

Return on equity improves from negative values to strong positive returns, reaching upwards of 40% by late 2025, indicating improved financial performance relative to equity.

Overall, the data reflect a company recovering from losses with improving earnings and efficiency in generating returns for shareholders, albeit from a shrinking equity base. The financial trajectory suggests operational improvements and profitability gains that may offset the equity erosion if sustained.

Net Income (Loss) Attributable to the Company

The net income demonstrates significant volatility over the analyzed periods. Initially, there are substantial losses, with a peak loss in the fourth quarter of 2021. A marked improvement begins in early 2022, leading to positive net income by the end of that year. The trend of positive earnings continues and strengthens across 2023 and into 2025, with notable peaks occurring in the first quarter of 2023. Overall, the trajectory indicates a recovery from prior losses to a stable and increasing profitability level.

Total Assets

Total assets show a general declining trend from early 2021 through 2023, with notable decreases in asset base value over this period. From early 2024 onwards, total assets stabilize and even slightly increase toward 2025. This may suggest asset disposals or restructuring activities in prior years followed by stabilization or modest growth as the company regains financial footing.

Return on Assets (ROA)

The return on assets aligns with the net income trend, starting with negative returns reflective of losses and weak asset efficiency through 2021 and early 2022. These values transition to slight positive territory by the end of 2022 and significantly improve throughout 2023 and beyond. ROA exhibits a strong upward momentum from 2023, indicating enhanced utilization of assets in generating earnings, with sustained positive returns projected through 2025.

Overall Financial Trends

There is a clear pattern of recovery and improvement in financial performance. Initial periods are characterized by losses and declining asset base, implying operational and financial stress. Subsequent periods reveal a consistent turnaround marked by increasing profitability and improved assets utilization. This positive trend reflects operational recovery, more efficient asset management, and improved earnings generation capacity over time.