GE Aerospace (GE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,556,000 | 9,482,000 | 339,000 | -6,520,000 | 5,704,000 |
| Revenue | US$ in thousands | 38,702,000 | 35,348,000 | 58,100,000 | 74,196,000 | 75,833,000 |
| Net profit margin | 16.94% | 26.82% | 0.58% | -8.79% | 7.52% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $6,556,000K ÷ $38,702,000K
= 16.94%
The net profit margin of GE Aerospace has shown significant fluctuations over the past five years. In December 2020, the net profit margin was 7.52%, indicating that the company generated a profit of 7.52 cents for every dollar of revenue. However, this trend reversed in December 2021, with a negative net profit margin of -8.79%, signifying that the company incurred losses exceeding its revenue.
In the following years, there was a modest recovery as the net profit margin improved to 0.58% in December 2022, indicating a slight return to profitability. This positive momentum continued in December 2023, with a notable increase to 26.82%, demonstrating a significant improvement in the company's profitability.
By December 2024, GE Aerospace's net profit margin stood at 16.94%, reflecting a solid performance in generating profits relative to its revenue. Overall, the net profit margin of GE Aerospace has displayed considerable variability, with both positive and negative fluctuations, highlighting the importance of closely monitoring financial performance to ensure sustainable profitability.
Peer comparison
Dec 31, 2024