GENERAL ELECTRIC CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GENERAL ELECTRIC CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	119,469	113,192	113,543	90,221	75,833	56,469	29,139	35,348	38,702	45,855
Cost of revenue	62,440	64,328	72,818	66,911	60,421
Gross profit	57,029	48,864	40,725	23,310	15,412
Research and development	5,436	5,504	3,415	3,118	2,565	1,682	808	1,011	1,286	1,580
Selling, general and administrative	17,756	14,257	14,643	13,806	12,628	8,177	3,672	4,045	4,437	4,088
Interest income		105	136	143	146	167	129	127	132	144
Other non-operating income	4,140	2,083	2,321	2,479	11,396	2,696	811	6,718	2,264	1,487
Pre-tax income	7,031	-11,345	-20,987	-54	5,970	-5,695	1,522	10,441	7,620	10,000
Income tax	-1,133	-2,808	93	552	-487	-757	169	994	962	1,405
Income from continuing operations	7,797	-8,253	-20,991	-613	6,615	-4,821	1,350	9,449	6,670	8,601
Net income to minority interests	-289	-365	-89	66	-158	-71	67	-37	11	-6
Net income	7,500	-8,484	-22,355	-4,979	5,704	-6,337	336	9,482	6,556	8,704
EPS, basic	6.12	-8.29	-21.09	-4.99	4.63	-6.00	0.05	8.44	6.04	8.20
EPS, diluted	6.04	-8.29	-21.09	-4.99	4.63	-6.00	0.05	8.36	5.99	8.14
Shares, basic (weighted)	1,121	1,079	1,080	1,091	1,094	1,098	1,096	1,089	1,085	1,061
Shares, diluted (weighted)	1,134	1,079	1,080	1,091	1,095	1,098	1,101	1,099	1,094	1,068
Dividend per share	7.49	6.76	2.98	0.32	0.32	0.32	0.32	0.32	1.12	1.44

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	48,129	43,299	31,124	35,811	36,530	15,770	15,810	15,204	13,619	12,392
Receivables	24,076	24,209	14,645	16,568	16,691	15,620	14,831	8,703	9,327	11,773
Inventory	22,354	19,419	13,803	17,215	15,890	15,847	14,891	8,284	9,763	11,868
Other current assets				3,362	2,659	1,933	1,400	1,244	962	1,052
Total current assets				103,096	84,853	66,348	58,384	42,556	37,635	40,596
Property, plant and equipment	50,518	53,874	43,611	45,879	44,662
Lease right-of-use assets			0	2,896	2,852	2,606	1,854	1,160	1,057	1,018
Goodwill	70,438	58,821	33,974	25,895	25,524	13,303	8,835	8,948	8,538	9,060
Intangible assets	16,436	20,273	12,178	10,653	9,671	9,330	6,105	4,642	4,257	4,225
Long-term investments					42,549	42,209	36,027	38,000	37,741	38,788
Other non-current assets				13,882	16,025	19,040	15,477	11,695	13,910	15,277
Total assets	359,122	369,245	311,072	265,177	256,211	198,874	188,851	173,300	123,140	130,169
Accounts payable	14,435	15,172	13,826	15,926		10,970	10,033	7,516	7,909	10,078
Accrued liabilities	17,564	16,919	14,453	15,753	4,838	4,677	3,339	4,001
Deferred revenue				18,389	18,371	17,372	16,216	8,322	9,353	10,333
Short-term debt	30,714	24,036	12,776	23,641	4,713	4,361	3,739	1,108	2,039	1,686
Total current liabilities				78,865	54,613	51,953	49,428	32,103	34,392	38,980
Long-term debt	105,080	108,575	88,949	67,241	70,189	30,824	20,320	19,417	17,234	18,808
Lease liabilities				3,162	3,195	2,848	2,089	931	822	783
Other non-current liabilities			20,839	15,938	14,781	13,240	11,063	5,756	6,376	7,276
Total liabilities	284,668	292,355	259,591	235,316	219,138	157,262	153,938	144,695	103,576	111,271
Total debt	136,210	108,575	88,949	67,241	70,189	30,824	20,320	20,862	19,273	20,469
Paid-in capital	37,224	37,384	35,504	34,405	34,307	34,691	34,173	26,962	24,266	23,599
Retained earnings	139,532	117,245	93,109	87,732	92,247	85,110	82,983	86,553	80,488	87,663
Treasury stock	-83,038	-84,902	-83,925	-82,797	-81,961	-81,093	-81,209	-79,976	-81,566	-87,801
Other comprehensive income	-18,598	-14,404	-14,414	-11,732	-9,749	1,582	-2,272	-6,150	-3,861	-4,798
Shareholders' equity	70,162	56,031	30,981	28,316	35,552	40,310	33,696	27,403	19,342	18,677
Minority interests	1,663	17,468	20,500	1,545	1,522	1,302	1,216	1,202	223	221
Total equity	71,825	73,499	51,481	29,861	37,073	33,346	34,930	28,605	19,564	18,898
Total liabilities and equity	365,183	369,245	311,072	265,177	256,211	198,874	188,851	173,300	123,140	130,169
Shares outstanding	1,086	1,079	1,081	8,738	1,096	1,099	1,089	1,088	1,074	1,049

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	7,211	-8,849	-22,443	-4,912	5,546	-6,408	403	9,445	6,566	8,698
Depreciation and amortization	7,073	7,429	8,223	2,018	2,128	1,622	846	797	834	863
Stock-based compensation			336	400	353	305	143	192	286	325
Deferred income tax	145	-4,205	-2,245	-1,104	-2,926
Change in receivables	1,460	-3,902	-358	-2,851	-1,319	524	-1,875	-210	-1,076	-2,437
Change in inventory	-815	324	-573	-1,581	1,105	-306	-980	-1,321	-1,528	-1,981
Change in payables	1,228	169	666	2,679	-582	-390	1,639	713	688	1,993
Cash from operations	1,160	6,554	4,978	8,734	3,568	3,481	5,917	5,189	4,710	8,537
Capital expenditures	-7,199	-6,642	-6,627	-2,216	-1,579	-1,250	-1,371	-862	-1,032	-1,273
Acquisitions	-2,271	-2,722	-1	-68	-85	-69	-30	-41	-135	-360
Purchases of investments					-6,031	-4,286	-4,046	-5,163	-7,132	-4,050
Sales and maturities of investments	1,718	3,240	3,222	7,967	5,060	2,997	3,170	4,176	6,168	4,475
Cash from investing	49,135	5,379	18,280	8,977	16,671	21,379	2,270	3,967	-1,666	-1,153
Debt issued								0	0	1,985
Share buybacks	22,581				-28	-107	-1,048	-1,233	-5,827	-7,551
Dividends paid	-8,806	-8,650	-4,474	-649	-648	-575	-639	-589	-1,008	-1,452
Cash from financing	-90,464	-18,484	-31,806	-16,133	-19,852	-45,397	-5,585	-8,613	-6,726	-8,682
Exchange rate effect	-1,146	891
Net change in cash	-41,315	-5,659	-9,176	1,529	531	-20,750	2,232	664	-3,875	-1,097
Free cash flow	-6,039	-88	-1,649	6,518	1,989	2,231	4,546	4,327	3,678	7,264
Interest paid	5,779	4,211	4,508	4,101	2,976	2,536	1,561	1,067	969	882
Income taxes paid	7,469	2,436	1,868	2,228	1,291	1,330	1,128	994	852

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $327.09 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	20.5%	Pre-tax income / revenue.
Net margin	17.7%	Net income / revenue.
FCF margin	16.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	19.4%	Cash from operations / revenue.
Effective tax rate	13.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	50.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.0%	Net income / average total assets.
R&D / revenue	3.5%	Research and development expense / revenue.
SG&A / revenue	8.7%	Selling, general and administrative expense / revenue.
Capex / revenue	2.8%	Capital expenditures / revenue.
D&A / revenue	1.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	16.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-9.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	32.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	195.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	8.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	35.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	446.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	11.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	81.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	13.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	19.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	97.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	16.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	29.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	28.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	65.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	35.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-3.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-17.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-12.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-11.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-12.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.98x	Current assets / current liabilities.
Quick ratio	0.54x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.23x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.97x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13.4%	Total debt / total assets.
Liabilities / assets	86.0%	Total liabilities / total assets.
Net debt	$7.81B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	-$733.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	10.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.60B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.40x	Revenue / average total assets.
Receivables turnover	4.10x	Revenue / average receivables.
Days sales outstanding	89 days	365 x average receivables / revenue.
FCF conversion	93.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	14.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.57	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$48.36	Revenue / diluted weighted shares.
FCF per share	$8.02	Free cash flow / diluted weighted shares.
Operating cash flow per share	$9.36	Cash from operations / diluted weighted shares.
Book value per share	$17.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.43	Tangible book value / shares outstanding.
Cash per share	$9.01	(Cash + short-term investments) / shares outstanding.
Payout ratio	18.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	19.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	99.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$339.38B	Share price x shares outstanding.
Enterprise value	$347.19B	Market cap + total debt - cash - short-term investments.
P/E	37.8x	Market cap / net income. Only when net income is positive.
P/S	6.70x	Market cap / revenue.
P/B	19.2x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	73.8x	Market cap / tangible book value, when positive.
P/FCF	40.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	34.6x	Market cap / cash from operations, when positive.
EV/Sales	6.86x	Enterprise value / revenue.
EV/FCF	41.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.5%	Free cash flow / market cap.
Earnings yield	2.6%	Net income / market cap (the inverse of P/E).
Dividend yield	0.5%	Dividends paid over the period / market cap.
Shareholder yield	2.9%	(Dividends paid + share buybacks) / market cap.
PEG	0.08x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was GENERAL ELECTRIC CO's revenue in fiscal 2025?

GENERAL ELECTRIC CO reported revenue of $45.86B for fiscal 2025, 18.5% higher than the year before.

Was GENERAL ELECTRIC CO profitable in fiscal 2025?

Yes. Net income was $8.70B, a net margin of 19%.

How much free cash flow did GENERAL ELECTRIC CO generate in fiscal 2025?

Cash from operations of $8.54B minus capital expenditures of $1.27B left free cash flow of $7.26B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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