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Butterfly Network vs GE HealthCare Technologies: revenue, profit, margins and growth compared

Butterfly Network brought in $97.6M of revenue in fiscal 2025, GE HealthCare Technologies $20.6B in fiscal 2025. Revenue changed by +19.0% at Butterfly Network and +4.8% at GE HealthCare Technologies on the year before, so Butterfly Network grew faster. Butterfly Network kept -79.0% of its revenue as net profit, GE HealthCare Technologies 10.1%. Free cash flow was -$16M at Butterfly Network and $1.5B at GE HealthCare Technologies.

Side by side, latest fiscal year

BFLYGEHC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$97.6M$20.6B
Revenue growth+19.0%+4.8%
Net income-$77.1M$2.1B
Net margin-79.0%10.1%
Free cash flow-$16M$1.5B
Free cash flow margin-16.4%7.3%
Earnings per share (diluted)-$0.31$4.55
Cash$150.5M$4.5B
Debtn/a$10B
Price to earningsn/a14.6
Market value$2.5B$30.1B
Dividend yieldn/a0.21%
Rank by revenue in sector#303 of 523 · Health care#29 of 523 · Health care

Over the years

Revenue
BFLY FY2019: $27.6MBFLY FY2020: $46.3MBFLY FY2021: $62.6MBFLY FY2022: $73.4MBFLY FY2023: $65.9MBFLY FY2024: $82.1MBFLY FY2025: $97.6MGEHC FY2021: $17.6BGEHC FY2023: $18.3BGEHC FY2023: $19.6BGEHC FY2024: $19.7BGEHC FY2025: $20.6BFY19FY20FY21FY22FY23FY24FY25
BFLY $97.6MGEHC $20.6B
Net income
BFLY FY2019: -$99.7MBFLY FY2020: -$162.7MBFLY FY2021: -$32.4MBFLY FY2022: -$168.7MBFLY FY2023: -$133.7MBFLY FY2024: -$72.5MBFLY FY2025: -$77.1MGEHC FY2021: $2.2BGEHC FY2023: $1.9BGEHC FY2023: $1.6BGEHC FY2024: $2BGEHC FY2025: $2.1BFY19FY20FY21FY22FY23FY24FY25
BFLY -$77.1MGEHC $2.1B
Net margin
BFLY FY2019: -361.4%BFLY FY2020: -351.9%BFLY FY2021: -51.8%BFLY FY2022: -229.9%BFLY FY2023: -202.9%BFLY FY2024: -88.3%BFLY FY2025: -79.0%GEHC FY2021: 12.8%GEHC FY2023: 10.4%GEHC FY2023: 8.0%GEHC FY2024: 10.1%GEHC FY2025: 10.1%FY19FY20FY21FY22FY23FY24FY25
BFLY -79.0%GEHC 10.1%
Revenue growth
BFLY FY2020: +67.7%BFLY FY2021: +35.3%BFLY FY2022: +17.3%BFLY FY2023: -10.2%BFLY FY2024: +24.5%BFLY FY2025: +19.0%GEHC FY2023: +4.3%GEHC FY2023: +6.6%GEHC FY2024: +0.6%GEHC FY2025: +4.8%FY20FY21FY22FY23FY24FY25
BFLY +19.0%GEHC +4.8%
Free cash flow
BFLY FY2019: -$124.9MBFLY FY2020: -$84.1MBFLY FY2021: -$197.1MBFLY FY2022: -$187.4MBFLY FY2023: -$104.6MBFLY FY2024: -$44.4MBFLY FY2025: -$16MGEHC FY2021: $1.4BGEHC FY2023: $1.8BGEHC FY2023: $1.7BGEHC FY2024: $1.6BGEHC FY2025: $1.5BFY19FY20FY21FY22FY23FY24FY25
BFLY -$16MGEHC $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Butterfly Network and GE HealthCare Technologies

Which is bigger by revenue, Butterfly Network or GE HealthCare Technologies?

GE HealthCare Technologies is bigger by revenue: $20.6B in fiscal 2025, against $97.6M for Butterfly Network in fiscal 2025.

Which keeps more of its revenue as profit, Butterfly Network or GE HealthCare Technologies?

Butterfly Network had a net margin of -79.0% in fiscal 2025; GE HealthCare Technologies had 10.1% in fiscal 2025.

Which grew revenue faster, Butterfly Network or GE HealthCare Technologies?

In their latest fiscal years revenue changed by +19.0% at Butterfly Network and +4.8% at GE HealthCare Technologies.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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