General Electric Past Earnings Performance

Past criteria checks 2/6

General Electric has been growing earnings at an average annual rate of 20.7%, while the Aerospace & Defense industry saw earnings growing at 8.9% annually. Revenues have been declining at an average rate of 9.4% per year. General Electric's return on equity is 28.9%, and it has net margins of 7.9%.

Key information

20.7%

Earnings growth rate

20.8%

EPS growth rate

Aerospace & Defense Industry Growth	-2.0%
Revenue growth rate	-9.4%
Return on equity	28.9%
Net Margin	7.9%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How General Electric makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NEOE:GE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	69,953	5,500	7,176	2,093
30 Jun 24	69,411	4,024	7,151	2,009
31 Mar 24	69,072	3,897	7,358	1,948
31 Dec 23	67,954	8,772	7,128	1,907
30 Sep 23	42,719	9,690	3,760	1,232
30 Jun 23	47,889	9,139	5,227	1,412
31 Mar 23	53,263	6,733	6,228	1,612
31 Dec 22	58,100	-1,148	7,310	1,786
30 Sep 22	61,576	-6,385	9,425	1,974
30 Jun 22	65,675	-5,469	10,249	2,174
31 Mar 22	69,800	-4,882	11,712	2,339
31 Dec 21	56,469	-5,114	9,653	1,682
30 Sep 21	74,904	2,248	15,582	2,428
30 Jun 21	74,863	516	15,311	2,395
31 Mar 21	73,414	-178	14,701	2,403
31 Dec 20	75,833	5,977	14,080	2,565
30 Sep 20	81,061	4,379	11,824	5,047
30 Jun 20	85,892	4,145	11,760	4,453
31 Mar 20	92,502	5,187	12,216	3,841
31 Dec 19	90,221	-1,134	15,790	3,118
30 Sep 19	95,476	-354	11,807	0
30 Jun 19	95,508	-21,949	11,849	0
31 Mar 19	91,426	-20,814	11,030	0
31 Dec 18	97,012	-21,446	11,450	3,415
30 Sep 18	102,115	-33,048	13,150	0
30 Jun 18	109,385	-8,657	14,366	0
31 Mar 18	119,150	-8,499	15,415	0
31 Dec 17	99,279	-8,632	12,455	0
30 Sep 17	119,694	6,038	14,734	0
30 Jun 17	118,070	6,709	14,315	0
31 Mar 17	119,317	8,988	14,958	0
31 Dec 16	119,468	7,783	14,707	0
30 Sep 16	120,651	8,219	16,450	0
30 Jun 16	119,471	8,086	16,392	0
31 Mar 16	117,573	6,474	16,205	0
31 Dec 15	115,834	1,672	16,327	0
30 Sep 15	104,864	585	6,215	0
30 Jun 15	109,113	1,454	9,624	0
31 Mar 15	112,927	2,656	11,624	0
31 Dec 14	116,981	9,514	14,774	0
30 Sep 14	134,620	13,007	25,083	0
30 Jun 14	138,174	13,458	26,662	0
31 Mar 14	140,973	13,831	29,334	0
31 Dec 13	112,888	7,601	14,231	0

Quality Earnings: GE has high quality earnings.

Growing Profit Margin: GE's current net profit margins (7.9%) are lower than last year (22.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GE has become profitable over the past 5 years, growing earnings by 20.7% per year.

Accelerating Growth: GE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GE had negative earnings growth (-43.2%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (24.2%).

Return on Equity

High ROE: Whilst GE's Return on Equity (28.89%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 10:00
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

General Electric Company is covered by 45 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Eade	Argus Research Company
Ishan Majumdar	Baptista Research
David Strauss	Barclays