GE Aerospace (GE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 7,518,000 | 10,643,000 | 701,000 | -6,806,000 | 5,217,000 |
| Revenue | US$ in thousands | 38,702,000 | 35,348,000 | 58,100,000 | 74,196,000 | 75,833,000 |
| Pretax margin | 19.43% | 30.11% | 1.21% | -9.17% | 6.88% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $7,518,000K ÷ $38,702,000K
= 19.43%
Based on the data provided for GE Aerospace's pretax margin over the years, there are notable fluctuations in the company's profitability before taxes. In December 2020, the pretax margin stood at 6.88%, indicating a respectable level of profitability. However, in December 2021, the pretax margin dropped significantly to -9.17%, reflecting a period of operational challenges or losses.
The trend reversed in the following years, as by December 2022, the pretax margin improved to 1.21%, signaling a recovery in profitability. This positive momentum continued into December 2023, with a substantial pretax margin of 30.11%, indicating a strong performance and efficient cost management.
By December 2024, the pretax margin stood at 19.43%, demonstrating continued profitability for GE Aerospace. Overall, the company experienced a mix of challenges and successes in maintaining its pretax margin, highlighting the importance of effective financial management and strategies to sustain and enhance profitability over time.
Peer comparison
Dec 31, 2024