GE Aerospace (GE)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	9,481,000	339,000	-6,520,000	5,704,000	-4,979,000
Revenue	US$ in thousands	67,954,000	58,100,000	74,196,000	75,833,000	90,221,000
Net profit margin		13.95%	0.58%	-8.79%	7.52%	-5.52%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $9,481,000K ÷ $67,954,000K
= 13.95%

General Electric Co.'s net profit margin has exhibited significant fluctuations over the past five years. In 2023, the company's net profit margin improved substantially to 13.52%, indicating that for every dollar of revenue generated, General Electric retained $0.135 as profit after accounting for all expenses.

This remarkable improvement in profitability in 2023, compared to negative net profit margins in 2022 and 2021, suggests that General Electric effectively controlled its costs and boosted operational efficiency. The return to positive net profit margin territory reflects a positive turnaround for the company.

The positive net profit margin in 2020 and 2019 suggests that General Electric was able to generate profit and maintain operational effectiveness in those years as well, despite facing challenges that led to negative margins in subsequent years.

Overall, the fluctuating trend in General Electric Co.'s net profit margin over the five-year period highlights the dynamic nature of the company's financial performance and underscores the importance of sustainable cost management and revenue generation strategies in achieving consistent profitability.