GE Aerospace GE
- Market cap
- $296.4B
- PE
- 32.5×
- 10y median 19.6×
- Forward PE
- 32.2×
- 10y median 24.9×
- Price to sales
- 5.6×
- EV/EBIT
- n/m
- a quarter missing
- Revenue, 12 months
- $52.6B
- +20% on a year ago
- Net margin
- 17.5%
- Free cash flow yield
- n/m
- Q3 FY26 missing
GE Aerospace trades at 32.5× trailing earnings, near its ten-year median. Revenue was $52.6B over the last twelve months, up 20% on a year earlier with a 18% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $9.5B−44% | $9B+14% | $9.1B+4% | $9.8B+6% | $10.8B+14% | $9.9B+11% | $11B+21% | $12.2B+24% | $12.7B+18% | $12.4B+25% | $13.3B+21% | $14.1B+16% | |
| Cost of revenue | $6.3B | $5.7B−46% | $5.6B−2% | $6.2B+4% | $6.8B+8% | $6B+4% | $6.8B+23% | $7.8B+25% | $8.4B+24% | $7.9B+32% | $8.7B+27% | n/a |
| Gross profit | $3.2B | $3.2B−15% | $3.5B+15% | $3.6B+9% | $4B+27% | $3.9B+23% | $4.2B+19% | $4.4B+22% | $4.4B+8% | $4.5B+14% | $4.7B+12% | n/a |
| R&D | $551M+7% | $270M−37% | $300M+26% | $331M+34% | $385M−30% | $359M+33% | $359M+20% | $415M+25% | $448M+16% | $440M+23% | $460M+28% | n/a |
| SG&A | $2.5B−5% | $1B−52% | $924M+1% | $1.3B+33% | $1.2B−54% | $876M−15% | $1B+10% | $1.2B−10% | $997M−14% | $1.1B+24% | $1.1B+11% | n/a |
| $874M+680% | $1B+248% | $1.6B+53% | $916M−24% | $2B+129% | $2B+90% | $2.1B+32% | $2.3B+146% | $2.3B+15% | $2.3B+16% | $2.5B+23% | n/a | |
| Interest expense | $296M−15% | $263M−2% | $248M−0% | $251M−7% | $224M−24% | $210M−20% | $158M−36% | $225M−10% | $250M+12% | $230M+10% | $215M+36% | n/a |
| Pre-tax income | $2B+27% | $2B−69% | $1.4B−4% | $1.9B+469% | $2.3B+14% | $2.2B+13% | $2.4B+65% | $2.5B+33% | $2.9B+24% | $2.2B−2% | $2.8B+17% | $2.8B+12% |
| $421M | $244M−10% | $125M−51% | $198M+662% | $395M−6% | $283M+16% | $388M+210% | $344M+74% | $390M−1% | $252M−11% | $407M+5% | n/a | |
| Net income | $1.6B−28% | $1.5B−80% | $1.3B+3736% | $1.9B+426% | $1.9B+20% | $2B+29% | $2B+60% | $2.2B+17% | $2.5B+34% | $1.9B−4% | $2.4B+17% | $2.4B+12% |
| $1.44−24% | $1.40−79% | $1.15 | $1.70+608% | $1.75+22% | $1.83+31% | $1.89+64% | $2.02+19% | $2.40+37% | $1.81−1% | $2.26+20% | $2.32+15% | |
| 1.1B+0% | 1.1B+1% | 1.1B+0% | 1.1B−1% | 1.1B−2% | 1.1B−2% | 1.1B−3% | 1.1B−3% | 1.1B−2% | 1.1B−2% | 1B−2% | n/a |
Gross profit: 124 periods, Q1 FY95 to Q2 FY26: not printed by the filing, worked out from its own lines.
Operating income: 41 periods, Q1 FY16 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 3 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: 4 periods, Q4 FY04 to Q4 FY17: quarter's net income to common over its shares, to the cent. Q4 FY06: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. Q4 FY09 and Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: 5 periods, Q4 FY04 to Q1 FY13: not printed by the filing, worked out from its own lines. Q4 FY09 and Q4 FY20: printed in the fourth-quarter results release. 10 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY15 and Q4 FY22: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. Q4 FY17 and Q4 FY21: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $13.2B | $13.1B to $13.4B | $2.03 | $1.98 to $2.10 | 7 |
| Q1 FY27 | $12.8B | $12.7B to $12.9B | $2.09 | $2.04 to $2.11 | 6 |
| Q2 FY27 | $13.9B | $13.7B to $14B | $2.33 | $2.29 to $2.37 | 2 |
| Q3 FY27 | $14.5B | $14.3B to $14.7B | $2.43 | $2.39 to $2.47 | 2 |
| Q4 FY27 | $15B | $14.8B to $15.2B | $2.43 | $2.39 to $2.47 | 2 |
| Q1 FY28 | $14.1B | $13.9B to $14.3B | $2.48 | $2.44 to $2.52 | 5 |
| Q2 FY28 | $15.2B | $15B to $15.4B | $2.74 | $2.69 to $2.78 | 5 |
| Q3 FY28 | $16B | $15.8B to $16.2B | $2.79 | $2.74 to $2.84 | 5 |
Peers
Companies in Aerospace & Defense nearest GE Aerospace's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| GEGE Aerospace | $296.4B | 32.5× | 19.6× | 32.2× | 5.6× | +20% | 17.5% |
| RTXRTX | $257.4B | 31.0× | 28.9× | 24.7× | 2.7× | +12% | n/m |
| BABoeing | $148.9B | 81.5× | 24.0× | 197× | 1.6× | +25% | 2.6% |
| LMTLockheed Martin | $139.4B | 21.5× | 18.7× | 19.2× | 1.8× | +8% | 8.2% |
| GDGeneral Dynamics | $94.5B | 21.3× | 19.4× | 20.0× | 1.7× | +9% | 8.2% |
| NOCNorthrop Grumman | $78.3B | 17.5× | 19.5× | 18.9× | 1.8× | +6% | 10.5% |
| HWMHowmet Aerospace | $74.1B | 40.1× | 40.9× | 31.5× | 8.1× | +18% | 20.5% |
| TDGTransDigm | $61.1B | 33.5× | 42.3× | 23.6× | 6.1× | +17% | 21.3% |
| HONAHoneywell Aerospace | $51.8B | n/m | n/a | 20.1× | n/m | n/m | n/m |
| LHXL3Harris Technologies | $47.3B | 25.6× | 30.1× | 20.6× | n/m | n/m | n/m |
| SPCXSpaceX | $1.9T | n/m | n/a | 43.0× | n/m | n/m | n/m |
| Peer median | $86.4B | 28.3× | 26.4× | 22.1× | 1.8× | +12% | 9.4% |
Investors who own it
Investors we follow who held GE Aerospace at the end of Jun 30, 2026, from their 13F filings.
- Chris HohnTCI Fund Management33.6% of portfoliotrimmed
- Polen CapitalPolen Capital2.2% of portfolionew
- Chris BloomstranSemper Augustus0.4% of portfolio
- Cathie WoodARK Investment Management0.0% of portfoliotrimmed
More on GE Aerospace
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #4of 44Aerospace and defense stocks with the highest profit margins
- #10of 14Aerospace and defense stocks with the lowest forward PE
Its groups
About
- Chief executive
- Larry Culp, since 2018Former Danaher CEO, GE CEO since October 2018.
- Industry
- Aerospace & Defense
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .