GE Aerospace

GENYSE

$279.16

Last price · USD

Market cap: $297.9B
P/E: 34.2x
EV / EBITDA: 25.4x
P/S: 6.5x
FCF yield: 2.4%
Div. yield: 0.49%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

GE Aerospace balance sheet

Annual · USD millions except per-share data · 49 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	12,392	13,619	15,204	15,810	15,770	-5.8%
Short-term investments	0	982	5,706	7,609	12,297	—
Cash & short-term investments	12,392	14,601	20,910	23,419	28,067	-18.5%
Net receivables	15,284	12,309	11,578	17,298	20,501	-7.1%
Accounts receivable	15,284	12,309	11,578	17,298	20,501	-7.1%
Inventory	11,868	9,763	8,284	14,891	15,847	-7.0%
Prepaids	0	0	0	313	341	—
Other current assets	1,052	962	1,784	2,463	1,592	-9.8%
Total current assets	40,596	37,635	42,556	58,384	66,348	-11.6%
Non-current assets
Property, plant & equipment (net)	7,987	7,278	7,246	12,192	15,609	-15.4%
Goodwill	9,060	8,538	8,948	12,999	26,182	-23.3%
Intangible assets	4,225	4,257	4,642	6,105	9,330	-18.0%
Goodwill & intangible assets	13,285	12,795	13,590	19,104	35,512	-21.8%
Long-term investments	38,788	39,210	38,000	47,334	42,209	-2.1%
Tax assets	7,459	9,732	10,308	10,001	10,855	-9.0%
Other non-current assets	22,054	19,111	64,406	41,836	28,341	-6.1%
Total non-current assets	89,573	88,126	133,550	130,467	132,526	-9.3%
Total assets	130,169	125,761	176,106	188,851	198,874	-10.1%
Current liabilities
Accounts payable	10,078	7,513	6,762	15,399	16,243	-11.2%
Other payables	0	0	654	578	500	—
Total payables	10,078	7,513	7,416	15,977	16,743	-11.9%
Short-term debt	1,686	2,322	1,416	3,739	4,361	-21.1%
Tax payables	0	0	1,057	1,019	500	—
Deferred revenue	17,995	359	420	0	0	—
Other current liabilities	9,221	23,843	22,851	26,373	26,172	-23.0%
Total current liabilities	38,980	34,392	32,103	49,428	51,953	-6.9%
Non-current liabilities
Long-term debt	18,808	17,234	19,417	20,320	30,824	-11.6%
Capital lease obligations (non-current)	0	822	931	2,089	2,848	—
Deferred revenue (non-current)	1,065	1,013	975	1,409	1,989	-14.5%
Deferred tax liabilities (non-current)	0	2,621	2,806	0	0	—
Other non-current liabilities	52,416	50,114	91,269	80,693	69,500	-6.8%
Total non-current liabilities	72,289	71,804	115,398	104,511	105,161	-8.9%
Capital lease obligations	0	822	931	2,089	2,848	—
Total debt	20,494	20,378	21,764	26,148	38,033	-14.3%
Total liabilities	111,269	106,196	147,501	153,939	157,114	-8.3%
Stockholders' equity
Common stock	15	15	15	15	15	0.0%
Preferred stock	0	0	0	6	6	—
Retained earnings	87,663	80,488	86,553	82,983	85,110	+0.7%
Additional paid-in capital	23,599	0	0	0	0	—
Treasury stock	(87,801)	(81,566)	(79,976)	(81,209)	(81,093)	—
Accumulated other comprehensive income (loss)	(4,798)	20,404	20,811	31,901	36,273	—
Other stockholders' equity	(1)	1	0	0	(1)	—
Total stockholders' equity	18,677	19,342	27,403	33,696	40,310	-17.5%
Total equity	18,898	19,565	28,605	34,912	41,760	-18.0%
Minority interest	221	223	1,202	1,216	1,450	-37.5%
Total liabilities & equity	130,169	125,761	176,106	188,851	198,874	-10.1%
Additional fields
Accrued Expenses	0	355	0	3,339	4,677	—
Net Debt	8,102	6,759	6,560	10,338	22,263	-22.3%
Total Investments	38,788	40,192	43,706	54,943	54,506	-8.2%

GE Aerospace

GENYSE

$279.16

Last price · USD

Market cap: $297.9B
P/E: 34.2x
EV / EBITDA: 25.4x
P/S: 6.5x
FCF yield: 2.4%
Div. yield: 0.49%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

GE Aerospace balance sheet

Annual · USD millions except per-share data · 49 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	12,392	13,619	15,204	15,810	15,770	-5.8%
Short-term investments	0	982	5,706	7,609	12,297	—
Cash & short-term investments	12,392	14,601	20,910	23,419	28,067	-18.5%
Net receivables	15,284	12,309	11,578	17,298	20,501	-7.1%
Accounts receivable	15,284	12,309	11,578	17,298	20,501	-7.1%
Inventory	11,868	9,763	8,284	14,891	15,847	-7.0%
Prepaids	0	0	0	313	341	—
Other current assets	1,052	962	1,784	2,463	1,592	-9.8%
Total current assets	40,596	37,635	42,556	58,384	66,348	-11.6%
Non-current assets
Property, plant & equipment (net)	7,987	7,278	7,246	12,192	15,609	-15.4%
Goodwill	9,060	8,538	8,948	12,999	26,182	-23.3%
Intangible assets	4,225	4,257	4,642	6,105	9,330	-18.0%
Goodwill & intangible assets	13,285	12,795	13,590	19,104	35,512	-21.8%
Long-term investments	38,788	39,210	38,000	47,334	42,209	-2.1%
Tax assets	7,459	9,732	10,308	10,001	10,855	-9.0%
Other non-current assets	22,054	19,111	64,406	41,836	28,341	-6.1%
Total non-current assets	89,573	88,126	133,550	130,467	132,526	-9.3%
Total assets	130,169	125,761	176,106	188,851	198,874	-10.1%
Current liabilities
Accounts payable	10,078	7,513	6,762	15,399	16,243	-11.2%
Other payables	0	0	654	578	500	—
Total payables	10,078	7,513	7,416	15,977	16,743	-11.9%
Short-term debt	1,686	2,322	1,416	3,739	4,361	-21.1%
Tax payables	0	0	1,057	1,019	500	—
Deferred revenue	17,995	359	420	0	0	—
Other current liabilities	9,221	23,843	22,851	26,373	26,172	-23.0%
Total current liabilities	38,980	34,392	32,103	49,428	51,953	-6.9%
Non-current liabilities
Long-term debt	18,808	17,234	19,417	20,320	30,824	-11.6%
Capital lease obligations (non-current)	0	822	931	2,089	2,848	—
Deferred revenue (non-current)	1,065	1,013	975	1,409	1,989	-14.5%
Deferred tax liabilities (non-current)	0	2,621	2,806	0	0	—
Other non-current liabilities	52,416	50,114	91,269	80,693	69,500	-6.8%
Total non-current liabilities	72,289	71,804	115,398	104,511	105,161	-8.9%
Capital lease obligations	0	822	931	2,089	2,848	—
Total debt	20,494	20,378	21,764	26,148	38,033	-14.3%
Total liabilities	111,269	106,196	147,501	153,939	157,114	-8.3%
Stockholders' equity
Common stock	15	15	15	15	15	0.0%
Preferred stock	0	0	0	6	6	—
Retained earnings	87,663	80,488	86,553	82,983	85,110	+0.7%
Additional paid-in capital	23,599	0	0	0	0	—
Treasury stock	(87,801)	(81,566)	(79,976)	(81,209)	(81,093)	—
Accumulated other comprehensive income (loss)	(4,798)	20,404	20,811	31,901	36,273	—
Other stockholders' equity	(1)	1	0	0	(1)	—
Total stockholders' equity	18,677	19,342	27,403	33,696	40,310	-17.5%
Total equity	18,898	19,565	28,605	34,912	41,760	-18.0%
Minority interest	221	223	1,202	1,216	1,450	-37.5%
Total liabilities & equity	130,169	125,761	176,106	188,851	198,874	-10.1%
Additional fields
Accrued Expenses	0	355	0	3,339	4,677	—
Net Debt	8,102	6,759	6,560	10,338	22,263	-22.3%
Total Investments	38,788	40,192	43,706	54,943	54,506	-8.2%