GE AerospaceGE
NYSE•Industrials•Aerospace & Defense
General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and aircraft systems. The company operates through two segments, Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures, maintenance, repair, and overhaul (MRO) services of jet engines and sale of spare parts for commercial airframes, business aviation, and aeroderivative applications. The Defense & Propulsion Technologies designs, develops, manufactures, and services jet engines and avionics and power systems for governments, militaries, and commercial airframers, as well as MRO of engines and the sale of spare parts. This segment also offers aircraft components and systems, such as small turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, additive manufacturing, propeller systems, ignition systems, sensors and engine accessories for fixed wing and rotorcraft applications for commercial and military end users under the Avio Aero, Unison, Dowty Propellers, and Colibrium Additive brands. The company operates in the United States, Europe, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is based in Evendale, Ohio.
GE Aerospace (GE) reported trailing twelve months revenue of $48.31B as of March 2026, a 48.3% increase year-over-year. Quarterly revenue reached $12.39B, reflecting continued top-line momentum.
GE Aerospace generated $8.63B in TTM net income, with quarterly EBITDA of $2.44B. The operating margin contracted from 19.6% to 17.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (17.9%) and net margin (15.4%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 19.9% a year ago, reflecting increased costs or interest expense.
GE trades at a P/E of 43.3x (a premium multiple) and a P/S of 7.7x. The price-to-book ratio of 20.4x indicates a significant premium over book value.
The company generated $1.54B in free cash flow over the trailing twelve months, a 15.1% increase year-over-year, indicating cash generation ability. The balance sheet shows $128.44B in total assets with $18.17B in long-term debt against $18.30B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~22.2% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 37.9% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 30.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
TTM revenue has contracted 11.8% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.9% — net buybacks are reducing shares outstanding and boosting per-share value.