GE Aerospace vs Space Exploration Technologies
GE Aerospace is the larger business, with $45.85bn of revenue in fiscal 2025 against $18.67bn for Space Exploration Technologies (2.5 times as much). Space Exploration Technologies grew faster (33.2% against 18.5%). GE Aerospace kept more of each dollar of sales as profit: a net margin of 19.0% against -26.4%. GE Aerospace carries less debt relative to equity (109.7% against 889.9%).
| Latest fiscal year | GE AerospaceGE, 2025 | Space Exploration TechnologiesSPCX, 2025 |
|---|---|---|
| Revenue | $45.85bn | $18.67bn |
| Revenue growth | 18.5% | 33.2% |
| Net income | $8.70bn | −$4.94bn |
| Operating margin | — | -13.9% |
| Net margin | 19.0% | -26.4% |
| Return on equity | 45.8% | -132.8% |
| Free cash flow | $7.26bn | −$13.95bn |
| Cash | $12.39bn | $24.75bn |
| Total debt | $20.49bn | $22.90bn |
| Debt to equity | 109.7% | 889.9% |
| Dividend per share | $1.44 | — |
| Dividend yield | 0.5% | — |
| Share buybacks | $7.55bn | — |
| Employees | 57,000 | — |
| Market value | $330.85bn | $1.75tn |
| Price vs our value range | Above our value range | — |
| Moat score | 31 (Weak) | — |
| Insider trades, 12 months | 1 buys, 15 sales | 0 buys, 6 sales |