GE Aerospace income statement
In fiscal 2025, GE Aerospace reported revenue of $45.85bn, up 18.5% on the year before and net income of $8.70bn, or $8.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 154.4 | 148.9 | 110.1 | 112.6 | 113.2 | 117.2 | 117.4 | 119.5 | 99.3 | 97.0 | 90.2 | 75.8 | 56.5 | 29.1 | 35.3 | 38.7 | 45.9 | 52.6 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | 72.8 | 66.9 | 60.4 | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | 24.2 | 23.3 | 15.4 | — | — | — | — | — | — |
| Research and development | 3.3 | 3.9 | 4.6 | 5.2 | 5.5 | 5.3 | 5.3 | 5.4 | 5.5 | 3.4 | 3.1 | 2.6 | 1.7 | 0.8 | 1.0 | 1.3 | 1.6 | 1.8 |
| Selling, general and administrative | 14.8 | 16.3 | — | — | 17.9 | 16.8 | 17.8 | 17.8 | 14.3 | 14.6 | 13.8 | 12.6 | 8.2 | 3.7 | 4.0 | 4.4 | 4.1 | 4.3 |
| Operating income | 15.6 | 17.3 | 20.7 | 22.9 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | 17.7 | 15.5 | 14.5 | 12.5 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Provision for credit losses | 10.6 | 7.1 | 3.9 | 3.8 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 9.9 | 14.2 | 20.2 | 17.4 | 9.1 | 10.3 | 8.2 | 7.0 | −11.3 | −21.0 | −0.1 | 6.0 | −5.7 | 1.5 | 10.4 | 7.6 | 10.0 | 10.7 |
| Income tax | −1.1 | 1.0 | 5.7 | 2.5 | 1.2 | 0.8 | 6.5 | −1.1 | −2.8 | 0.1 | 0.6 | −0.5 | −0.8 | 0.2 | 1.0 | 1.0 | 1.4 | 1.4 |
| Net income | 11.0 | 11.6 | 14.2 | 13.6 | 13.1 | 15.2 | −6.1 | 7.5 | −8.5 | −22.4 | −5.0 | 5.7 | −6.3 | 0.3 | 9.5 | 6.6 | 8.7 | 9.1 |
| Diluted EPS | $1.01 | $1.06 | $9.84 | $10.32 | $10.16 | $12.00 | −$4.88 | $6.00 | −$8.24 | −$20.96 | −$4.99 | $4.63 | −$6.00 | $0.05 | $8.36 | $5.99 | $8.14 | $8.67 |
| Diluted shares (average) | — | — | 1,324m | 1,321m | 1,286m | 1,265m | 1,252m | 1,141m | 1,086m | 1,086m | 1,091m | 1,095m | 1,098m | 1,101m | 1,099m | 1,094m | 1,068m | 1,050m |
| EBITDA | 26.2 | 27.0 | 31.4 | 33.7 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.8 | 9.9 | 11.0 | 12.2 | 12.7 | 12.4 | 13.3 | 14.1 |
| Cost of revenue | 6.8 | — | — | — | — | — | — | — |
| Gross profit | 4.1 | — | — | — | — | — | — | — |
| Research and development | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| Selling, general and administrative | 1.2 | 0.9 | 1.0 | 1.2 | 1.0 | 1.1 | 1.1 | 1.1 |
| Income before tax | 2.3 | 2.2 | 2.4 | 2.5 | 2.9 | 2.2 | 2.8 | 2.8 |
| Income tax | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 |
| Net income | 1.9 | 2.0 | 2.0 | 2.2 | 2.5 | 1.9 | 2.4 | 2.3 |
| Diluted EPS | $1.75 | $1.83 | $1.89 | $2.02 | $2.39 | $1.81 | $2.26 | $2.20 |
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