GE Aerospace (GE)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 9,480,000 | 10,086,000 | 9,899,000 | 8,982,000 | 340,000 | -5,700,000 | -4,604,000 | -4,853,000 | -6,519,000 | -40,000 | -2,441,000 | -3,297,000 | 5,704,000 | 3,796,000 | -4,483,000 | -2,369,000 | -4,980,000 | -4,947,000 | -18,293,000 | -17,620,000 |
| Revenue (ttm) | US$ in thousands | 67,954,000 | 65,359,000 | 62,483,000 | 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 | 90,221,000 | 95,475,000 | 95,507,000 | 101,255,000 |
| Net profit margin | 13.95% | 15.43% | 15.84% | 14.99% | 0.59% | -9.26% | -7.01% | -6.95% | -8.79% | -0.05% | -3.26% | -4.48% | 7.52% | 4.99% | -5.55% | -2.71% | -5.52% | -5.18% | -19.15% | -17.40% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $9,480,000K ÷ $67,954,000K
= 13.95%
Based on the data provided, General Electric Co.'s net profit margin has exhibited variability over the past eight quarters. The company's net profit margin has shown improvement in recent quarters, with Q4 2023 and Q3 2023 recording healthy levels of 13.52% and 13.82%, respectively. This indicates that for every dollar of revenue generated, General Electric Co. retained approximately 13.52 cents and 13.82 cents as profit, respectively.
In contrast, the company experienced negative net profit margins in Q4 2022, Q3 2022, Q2 2022, and Q1 2022, suggesting that during those periods, General Electric Co. incurred losses instead of generating profits. This negative trend in profitability highlights challenges faced by the company in those quarters.
Overall, it is essential for General Electric Co. to not only sustain positive net profit margins but also work towards consistent improvement to ensure sustainable profitability and financial health in the long term.
Peer comparison
Dec 31, 2023