GE Aerospace (GE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 10,643,000 | 701,000 | -6,806,000 | 5,217,000 | -4,427,000 |
| Revenue | US$ in thousands | 67,954,000 | 58,100,000 | 74,196,000 | 75,833,000 | 90,221,000 |
| Pretax margin | 15.66% | 1.21% | -9.17% | 6.88% | -4.91% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $10,643,000K ÷ $67,954,000K
= 15.66%
General Electric Co.'s pretax margin has exhibited significant fluctuations over the past five years, ranging from negative figures to double-digit percentages. The company's pretax margin stood at -4.96% in 2021, indicating that General Electric incurred losses before accounting for taxes that year. However, there was a marked improvement in 2023, with the pretax margin increasing to 15.00%, highlighting a strong profitability performance. This improvement suggests that General Electric managed to control its costs and increase operating efficiency, leading to higher profitability before taxes. Overall, the trend in General Electric's pretax margin reflects a mix of challenges and positive developments in the company's financial performance over the years.
Peer comparison
Dec 31, 2023