GE Aerospace (GE)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	33,473,000	34,449,000	41,288,000	47,334,000	45,980,000	47,272,000	48,151,000	49,596,000	49,798,000	49,444,000	35,701,000	21,726,000	10,869,000	10,167,000	8,532,000	4,588,000	4,624,000	2,103,000	3,232,000	7,301,000
Revenue (ttm)	US$ in thousands	38,703,000	37,347,000	36,807,000	36,468,000	41,999,000	49,371,000	54,539,000	59,911,000	58,100,000	61,575,000	65,674,000	69,800,000	74,196,000	74,926,000	74,966,000	73,524,000	75,833,000	76,045,000	80,796,000	87,399,000
Gross profit margin		86.49%	92.24%	112.17%	129.80%	109.48%	95.75%	88.29%	82.78%	85.71%	80.30%	54.36%	31.13%	14.65%	13.57%	11.38%	6.24%	6.10%	2.77%	4.00%	8.35%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $33,473,000K ÷ $38,703,000K
= 86.49%

The gross profit margin of GE Aerospace has shown a fluctuating trend over the observed periods, starting at a relatively low 8.35% on March 31, 2020, dipping further to 2.77% by September 30, 2020. From there, the margin gradually improved, reaching 85.71% by December 31, 2022, before hitting a peak of 129.80% on March 31, 2024. Subsequently, there was a slight decrease in the margin to 86.49% by December 31, 2024.

Overall, the trend indicates an initial struggle followed by a significant improvement in profitability, with some slight fluctuations in between. The substantial increase in gross profit margin over the observed periods suggests that GE Aerospace has managed to enhance its operational efficiency and control its production costs effectively. It is important to monitor future performance to assess the sustainability of these improvements.