GE Aerospace (GE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 57,663,000 | 61,681,000 | 61,860,000 | 3,231,000 | 7,945,000 |
| Revenue | US$ in thousands | 67,954,000 | 58,100,000 | 74,196,000 | 75,833,000 | 90,221,000 |
| Gross profit margin | 84.86% | 106.16% | 83.37% | 4.26% | 8.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $57,663,000K ÷ $67,954,000K
= 84.86%
The gross profit margin of General Electric Co. has exhibited some fluctuations over the past five years. In 2023, the gross profit margin decreased to 25.84% from 27.46% in the prior year. This decline indicates that the company was less efficient in generating profit from its revenue in 2023 compared to 2022.
However, when comparing the gross profit margin in 2023 to 2021 and 2020, we see that it remains relatively stable around the mid to high 20% range. This suggests that the company was able to maintain a consistent level of profitability relative to its revenue during these periods.
In 2019, the gross profit margin was relatively higher at 26.82% compared to 2023. This indicates that in 2019, the company was more effective in controlling its production costs and generating profit from its sales.
Overall, the trend in General Electric Co.'s gross profit margin shows some variation in recent years, with a slight decline in 2023 compared to the previous year, but remaining relatively stable when compared to earlier periods. Further analysis of the factors influencing these fluctuations would provide deeper insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023