# General Electric Co. (GE)

> GE Aerospace makes jet engines for passenger and military aircraft and maintains, repairs, and supplies parts for those engines.

- Exchange: NYSE · Sector: Industrials · Industry: Aerospace and Defense
- Headquarters: Evendale, Ohio
- Founded: 1892 (as General Electric)
- Employees: 57,000 (Q2 2026)
- SEC CIK: 0000040545 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000040545))
- Full page: https://inspectstocks.com/stocks/ge
- Data as of: price 2026-09-25; newest filing used 2026-07-16; latest fiscal period ended 2026-06-30

## Grade

**A+** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $50.6B | $47.9B |
| Revenue growing recently | passed | $50.6B | $45.9B |
| Free cash flow positive | passed | $8.4B |  |
| Free cash flow growing overall | passed | $8.4B | $5.1B |
| Free cash flow growing recently | passed | $8.4B | $7.3B |

Business quality (the + / − mark): 6 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 17.7% |  |
| Healthy profit margin | passed | 17.7% |  |
| Strong operating margin | passed | 45.6% |  |
| Good return on equity | passed | 48.0% |  |
| Debt under control | passed | 1.16 |  |
| Turns sales into cash | passed | 16.6% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $50.6B |
| Net income, trailing twelve months | $9B |
| Free cash flow, trailing twelve months | $8.4B |
| Net margin | 17.7% |
| Return on equity | 48.0% |
| Debt to equity | 1.16 |
| Diluted EPS, trailing twelve months | $8.48 |
| Share price | $327.09 |
| Market value | $339.4B |
| Price / earnings | 38.6x |
| Price / sales | 6.7x |

## What the business does

GE Aerospace makes engines for commercial airliners and military aircraft, along with other propulsion equipment. It also earns revenue by maintaining and repairing engines and selling spare parts. Its installed base is about 80,000 commercial and military engines (June 30, 2026, high), which supports this ongoing service work.

### How it makes money

- **Commercial Engines & Services** (73.7% of combined reportable-segment revenue (six months ended June 30, 2026)) — Customers pay for commercial engine deliveries, spare parts, engine repairs and overhauls, and long-term service agreements. This share is calculated from the two reportable segments and is not a share of consolidated revenue.
- **Defense & Propulsion Technologies** (26.3% of combined reportable-segment revenue (six months ended June 30, 2026)) — Revenue comes from military and other propulsion equipment deliveries, related parts, and services. Customers include government defense organizations and other aerospace customers. This share is calculated from the two reportable segments and is not a share of consolidated revenue.

### Products

- **Commercial aircraft engines** — Engines including LEAP, GEnx, GE90, and GE9X, used on passenger aircraft. GE sells engines for new aircraft and supports them in service.
- **Commercial engine services** — Engine inspections, repairs, overhauls, replacement parts, and long-term service agreements for airlines and other engine operators.
- **Military aircraft engines** — Engines including the F110, T408, F404, and CT7, used in military aircraft and helicopter programs.
- **Next-generation propulsion technologies** — Developing engine and propulsion systems, including the XA102 adaptive-cycle engine and hybrid-electric flight technology.

### Customers

- Airlines buy engines for new aircraft and pay for engine maintenance, repairs, overhauls, spare parts, and long-term service agreements; examples named in the filings and call include United Airlines, Delta Air Lines, American Airlines, Copa Airlines, and Ryanair.
- Aircraft manufacturers incorporate engines into aircraft they build; GE discusses engines used on Boeing and Airbus aircraft.
- Government defense departments and military organizations buy engines, equipment, and support through procurement contracts; examples include the U.S. Navy and Marine Corps and the U.K. Ministry of Defence.
- Aircraft and engine maintenance, repair, and overhaul providers perform work on GE engines through GE’s service network.

### Competitors

- Pratt & Whitney, a division of RTX (RTX) — Commercial and military aircraft engines; Pratt & Whitney is a business division of listed parent RTX.
- Rolls-Royce Holdings (RYCEY) — Commercial and military aircraft engines and related engine services.
- Honeywell International (HON) — Aircraft propulsion and related aerospace equipment, including in smaller-aircraft and defense applications.

### What it depends on

- Engine and spare-parts production and service work depend on suppliers delivering materials and components; the company says material availability has disrupted production and customer deliveries.
- Demand for commercial engines and services depends in part on air travel, freight activity, airline finances, and aircraft use.
- A large share of Defense & Systems revenue depends on funding through the U.S. defense budget or equivalent international budgets.
- Service revenue depends on engines already in operation returning for maintenance and on the availability of GE and partner maintenance facilities.

### What could go wrong

- Material shortages or supplier constraints can delay engine production, spare-parts shipments, and customer service work.
- Safety, quality, or durability problems with GE engines or products integrated with them could lead to added repair costs, aircraft downtime, and legal or reputational consequences; the company has discussed durability work on LEAP engines.
- Lower air travel or airline financial pressure could reduce engine use, shop visits, spare-parts demand, or customers’ ability to pay, while changes in government defense funding could affect military demand.

## More on this company

- [Overview](https://inspectstocks.com/stocks/ge)
- [Financial statements](https://inspectstocks.com/stocks/ge/financials)
- [Competitors](https://inspectstocks.com/stocks/ge/peers)
- [Earnings](https://inspectstocks.com/stocks/ge/earnings)

---

Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.