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ValueScreener company report

GE Aerospace (GE)

NYSE / Industrials / Aerospace & Defense

Share price

312.00 USD Market dataClose of Oct 15, 2026

Market capitalisation

323.70B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Jan 29, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

46.6% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

38.05x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

2.2% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 119.47B USDFY2016 Net income: 7.50B USDFY2017 Revenue: 99.28B USDFY2017 Net income: -8.48B USDFY2018 Revenue: 97.01B USDFY2018 Net income: -22.36B USDFY2019 Revenue: 90.22B USDFY2019 Net income: -4.98B USDFY2020 Revenue: 75.83B USDFY2020 Net income: 5.70B USDFY2021 Revenue: 56.47B USDFY2021 Net income: -6.34B USDFY2022 Revenue: 29.14B USDFY2022 Net income: 336.0M USDFY2023 Revenue: 35.35B USDFY2023 Net income: 9.48B USDFY2024 Revenue: 38.70B USDFY2024 Net income: 6.56B USDFY2025 Revenue: 45.85B USDFY2025 Net income: 8.70B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 38.05x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Aerospace & Defense industry (42 companies), 38.05x sits at the 59th percentile; the middle half of that group runs from 24.18x to 64.31x.

Is it good

Return on equity was 46.6% in FY2025, in the band labelled "Exceptional, check the leverage" (25.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.

Today, against the Aerospace & Defense industry (73 companies), 46.6% sits at the 100th percentile; the middle half of that group runs from -27.3% to 11.0%.

Is it safe

Debt to equity was 1.15 in FY2025, in the band labelled "Leveraged" (1.00 to 2.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Aerospace & Defense industry (46 companies), 1.15 sits at the 84th percentile; the middle half of that group runs from 0.12 to 1.05.

Year by year against peers
Whether GE Aerospace's return on equity stayed above the median of the Aerospace & Defense industry, year by year. (FY2022 to FY2025, 4 fiscal years of GE Aerospace with a comparable figure)
The direction
Which way GE Aerospace's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of GE Aerospace)
What could explain it
What in GE Aerospace's filed statements could explain the movements. (8 readings drawn from the statement lines GE Aerospace filed)
What to check next
What to check next on GE Aerospace, and where in its filings. (3 questions for GE Aerospace)
In one paragraph
One paragraph on GE Aerospace's returns, cash, balance sheet and price. (9 of sixteen figures read for GE Aerospace)

These are GE’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research GEPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Jan 29, 2026, accession 0000040545-26-000008.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

GE Aerospace: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Return on equity46.6% ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Return on assets6.7% ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Net margin19.0% ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
GE 19.0%
CAT 13.1%RTX 7.6%
7.6%19.0%
Net margin: GE against the 2 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

GE Aerospace: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.15 ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Current ratio1.04 ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Quick ratio0.74 ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Net debt9.16B ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Total assets 130.17BTotal liabilities 111.27BShareholders' equity 18.68BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What GE Aerospace owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Jan 29, 2026, 0000040545-26-000008).

GE Aerospace: balance sheet position
Total assets130.17B FiledFY2025 10-K, filed Jan 29, 2026
Total liabilities111.27B FiledFY2025 10-K, filed Jan 29, 2026
Shareholders' equity18.68B FiledFY2025 10-K, filed Jan 29, 2026
Cash12.39B FiledFY2025 10-K, filed Jan 29, 2026
Total debt21.56B FiledFY2025 10-K, filed Jan 29, 2026
Net debt9.16B
Current ratio1.04
Debt to equity1.15
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

GE Aerospace: what the market charges, each with its source
FigureValue, source and document
Price to earnings38.05x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
P/E on trailing twelve months36.16x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book17.84x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Price to sales7.27x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Price to earnings over growth2.20 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Diluted earnings per share8.14 USD FiledFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Graham number56.80 USD ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008

We publish no fair value or price target of our own. Value GE on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for GE Aerospace today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

GE Aerospace: valuation
Share price312.00 USD
Market capitalisation323.70B USD
Enterprise value to EBITDAn/a
Graham number56.80 USD
Diluted earnings per share, FY20258.14 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jul 28, 2017: low 10.02x, median 37.67x, high 1597.40x, latest 36.16x. 1,066 trading days with a meaningful ratio, 1,250 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like GE Aerospace

  1. Caterpillar Inc. (CAT)Market cap 338.20B USD
  2. RTX Corporation (RTX)Market cap 252.00B USD

Same sector (Industrials) and size band (Mega, 200B and over), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

GE Aerospace: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield2.2% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Free cash flow7.26B USD ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Free cash flow margin15.8% ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Dividend yield0.6% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
FY2016 Free cash flow: -6.04B USDFY2016 Net income: 7.50B USDFY2017 Free cash flow: -88.0M USDFY2017 Net income: -8.48B USDFY2018 Free cash flow: -1.65B USDFY2018 Net income: -22.36B USDFY2019 Free cash flow: 6.52B USDFY2019 Net income: -4.98B USDFY2020 Free cash flow: 1.99B USDFY2020 Net income: 5.70B USDFY2021 Free cash flow: 2.23B USDFY2021 Net income: -6.34B USDFY2022 Free cash flow: 4.55B USDFY2022 Net income: 336.0M USDFY2023 Free cash flow: 4.33B USDFY2023 Net income: 9.48B USDFY2024 Free cash flow: 3.68B USDFY2024 Net income: 6.56B USDFY2025 Free cash flow: 7.26B USDFY2025 Net income: 8.70B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

GE Aerospace: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
38.05xFY2025Oct 15, 2026
17.84xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no operating income.
2.2%FY2025Oct 15, 2026
n/aFY2025Jan 29, 2026
n/a No operating income line is filed for this year.
0.6%FY2025Oct 15, 2026
1.15FY2025Jan 29, 2026
1.04FY2025Jan 29, 2026
7.27xFY2025Oct 15, 2026
2.20FY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.29FY2025Jan 29, 2026
5/9FY2025Jan 29, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports GE Aerospace filed with the SEC. Each year names its filing. Amounts in USD, as filed.

GE Aerospace: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202545.85Bn/a8.70B8.147.26Bn/a46.6%10-K, Jan 29, 20260000040545-26-000008
FY202438.70Bn/a6.56B5.993.68Bn/a33.9%10-K, Feb 3, 20250000040545-25-000015
FY202335.35Bn/a9.48B8.364.33Bn/a34.6%10-K, Feb 2, 20240000040545-24-000027
FY202229.14Bn/a336.0M0.054.55Bn/a1.0%10-K, Feb 10, 20230000040545-23-000023
FY202156.47Bn/a-6.34B-4.792.23Bn/a-15.7%10-K, Feb 11, 20220000040545-22-000008
FY202075.83Bn/a5.70B3.701.99Bn/a16.0%10-K, Feb 12, 20210000040545-21-000011
FY201990.22Bn/a-4.98B-3.116.52Bn/a-17.6%10-K, Feb 24, 20200000040545-20-000009
FY201897.01Bn/a-22.36B-13.06-1.65Bn/a-72.2%10-K, Feb 26, 20190000040545-19-000014
FY201799.28Bn/a-8.48B-5.13-88.0Mn/a-15.1%10-K, Feb 23, 20180000040545-18-000014
FY2016119.47Bn/a7.50B3.74-6.04Bn/a10.7%10-K, Feb 24, 20170000040545-17-000010
  • Revenue, compound annual growth FY2016 to FY2025: -10.1%
  • Earnings, compound annual growth FY2016 to FY2025: 1.7%
  • Earnings per share, compound annual growth FY2016 to FY2025: 9.0%
  • Free cash flow: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

GE Aerospace: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.29 ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Piotroski F-score5/9 ComputedFY2025 10-K, filed Jan 29, 2026, 0000040545-26-000008
Named tests met0 of 30 Computed
Beta1.35 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 26 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); EV/EBITDA and coverage; ROIC at or above WACC; Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(9)
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No operating income line is filed for this year.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 9 figures could not be read on this company, among them EV/EBIT, Return on Invested Capital, Altman Z-Score. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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