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GE HealthCare Technologies Inc. (GEHC)

NASDAQ / Healthcare / Medical - Healthcare Information Services

Share price

70.35 USD Market dataClose of Oct 15, 2026

Market capitalisation

31.78B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 4, 2026
Ratios computed
Oct 15, 2026
Filed years
5, FY2021 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 invested capital, after tax

12.8% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

15.43x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

4.7% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2019 Revenue: 16.63B USDFY2019 Net income: 1.52B USDFY2020 Revenue: 17.16B USDFY2020 Net income: 13.85B USDFY2021 Revenue: 17.59B USDFY2021 Net income: 2.25B USDFY2022 Revenue: 18.34B USDFY2022 Net income: 1.92B USDFY2023 Revenue: 19.55B USDFY2023 Net income: 1.57B USDFY2024 Revenue: 19.67B USDFY2024 Net income: 1.99B USDFY2025 Revenue: 20.63B USDFY2025 Net income: 2.08B USD
Revenue Net income7 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 15.43x 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 15.00x and 25.00x.

Today, against the Healthcare sector (223 companies), 15.43x sits at the 29th percentile; the middle half of that group runs from 13.52x to 42.98x.

Is it good

Return on invested capital was 12.8% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Healthcare sector (233 companies), 12.8% sits at the 75th percentile; the middle half of that group runs from -37.4% to 12.8%.

Is it safe

Interest coverage was 6.28x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether GE HealthCare Technologies Inc.'s return on invested capital stayed above the median of the Healthcare sector, year by year. (FY2020 to FY2025, 6 fiscal years of GE HealthCare Technologies Inc. with a comparable figure)
The direction
Which way GE HealthCare Technologies Inc.'s gross margin has moved, and how steadily. (FY2019 to FY2025, 7 filed years of GE HealthCare Technologies Inc.)
What could explain it
What in GE HealthCare Technologies Inc.'s filed statements could explain the movements. (9 readings drawn from the statement lines GE HealthCare Technologies Inc. filed)
What to check next
What to check next on GE HealthCare Technologies Inc., and where in its filings. (4 questions for GE HealthCare Technologies Inc.)
In one paragraph
One paragraph on GE HealthCare Technologies Inc.'s returns, cash, balance sheet and price. (16 of sixteen figures read for GE HealthCare Technologies Inc.)

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

Research GEHCPart 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 Feb 4, 2026, accession 0001932393-26-000007.

3 of 10

Quality

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

SEC filingComputed

GE HealthCare Technologies Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax12.8% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Return on equity20.1% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Return on capital employed, pre-tax9.9% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Return on assets5.7% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Gross margin40.0% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Operating margin13.4% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Net margin10.1% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
GEHC 10.1%
BTSG 1.5%TEM -19.3%VEEV 28.4%
-19.3%28.4%
Net margin: GEHC against the 3 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 HealthCare Technologies Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.06 ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Current ratio1.37 ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Quick ratio1.13 ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Interest coverage6.28x ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Altman Z-score1.85 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Net debt6.47B ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Total assets 36.91BTotal liabilities 26.31BShareholders' equity 10.38BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What GE HealthCare Technologies Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 4, 2026, 0001932393-26-000007).

GE HealthCare Technologies Inc: balance sheet position
Total assets36.91B FiledFY2025 10-K, filed Feb 4, 2026
Total liabilities26.31B FiledFY2025 10-K, filed Feb 4, 2026
Shareholders' equity10.38B FiledFY2025 10-K, filed Feb 4, 2026
Cash4.49B FiledFY2025 10-K, filed Feb 4, 2026
Total debt10.96B FiledFY2025 10-K, filed Feb 4, 2026
Net debt6.47B
Current ratio1.37
Debt to equity1.06

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 HealthCare Technologies Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings15.43x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
P/E on trailing twelve months16.42x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book3.10x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Price to sales1.56x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Enterprise value to EBIT14.00x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Enterprise value to EBITDA12.69x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Price to earnings over growth22.99 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Diluted earnings per share4.55 USD FiledFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Graham number48.22 USD ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007

We publish no fair value or price target of our own. Value GEHC 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 HealthCare Technologies Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

GE HealthCare Technologies Inc: valuation
Share price70.35 USD
Market capitalisation31.78B USD
Enterprise value to EBITDA12.69x
Graham number48.22 USD
Diluted earnings per share, FY20254.55 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jul 25, 2023: low 13.54x, median 18.47x, high 24.68x, latest 16.42x. 810 trading days with a meaningful ratio. 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 HealthCare Technologies Inc

  1. BrightSpring Health Services, Inc. Common Stock (BTSG)Market cap 12.34B USD
  2. Tempus AI, Inc. (TEM)Market cap 12.48B USD
  3. Veeva Systems Inc. (VEEV)Market cap 50.68B USD

Same industry (Medical - Healthcare Information Services) and size band (Large, 10B to 200B), 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 HealthCare Technologies Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield4.7% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Free cash flow1.50B USD ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Free cash flow margin7.3% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Dividend yield0.2% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Payout ratio3.1% ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
FY2019 Free cash flow: 1.66B USDFY2019 Net income: 1.52B USDFY2020 Free cash flow: 1.43B USDFY2020 Net income: 13.85B USDFY2021 Free cash flow: 1.36B USDFY2021 Net income: 2.25B USDFY2022 Free cash flow: 1.82B USDFY2022 Net income: 1.92B USDFY2023 Free cash flow: 1.71B USDFY2023 Net income: 1.57B USDFY2024 Free cash flow: 1.55B USDFY2024 Net income: 1.99B USDFY2025 Free cash flow: 1.50B USDFY2025 Net income: 2.08B 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 HealthCare Technologies Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
15.43xFY2025Oct 15, 2026
3.10xFY2025Oct 15, 2026
14.00xFY2025Oct 15, 2026
4.7%FY2025Oct 15, 2026
12.8%FY2025Feb 4, 2026
0.2%FY2025Oct 15, 2026
1.06FY2025Feb 4, 2026
1.37FY2025Feb 4, 2026
1.56xFY2025Oct 15, 2026
22.99FY2025Oct 15, 2026
1.85FY2025Oct 15, 2026
-2.28FY2025Feb 4, 2026
4/9FY2025Feb 4, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 5 filed fiscal years on record, FY2021 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

7 fiscal years, FY2019 to FY2025. 5 read from the annual reports GE HealthCare Technologies Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

GE HealthCare Technologies Inc: 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
FY202520.63B2.76B2.08B4.551.50B13.4%20.1%10-K, Feb 4, 20260001932393-26-000007
FY202419.67B2.63B1.99B4.341.55B13.3%23.6%10-K, Feb 13, 20250001932393-25-000005
FY202319.55B2.44B1.57B3.031.71B12.4%22.0%10-K, Feb 6, 20240001932393-24-000013
FY202218.34B2.52B1.92B4.221.82B13.8%20.5%10-K, Feb 6, 20240001932393-24-000013
FY202117.59B2.79B2.25B4.951.36B15.9%13.5%10-K, Feb 6, 20240001932393-24-000013
FY202017.16B2.72B13.85B4.411.43B15.8%94.0%Market data, supplied Mar 8, 2026accession n/a
FY201916.63B2.12B1.52B3.351.66B12.8%n/aMarket data, supplied Mar 8, 2026accession n/a
  • Revenue, compound annual growth FY2019 to FY2025: 3.7%
  • Earnings, compound annual growth FY2019 to FY2025: 5.4%
  • Earnings per share, compound annual growth FY2019 to FY2025: 5.2%
  • Free cash flow, compound annual growth FY2019 to FY2025: -1.6%

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 HealthCare Technologies Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.28 ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Piotroski F-score4/9 ComputedFY2025 10-K, filed Feb 4, 2026, 0001932393-26-000007
Named tests met2 of 30 Computed
Beta1.34 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 28 not met, 0 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
ROIC at or above WACC; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); 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); EV/EBITDA and coverage; 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)
Figures we could not read(2)
  • Positive Earnings Streak: We hold 7 profitable filed years in a row; the test needs 10.
  • Price Tangible Book: 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 Javier Sanz Alvarez: 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

  • 2 figures could not be read on this company: Positive Earnings Streak, Price Tangible Book.
  • We hold 5 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

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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Analyze your own portfolio

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.

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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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.