Want to see GE full AI Analyst Report?
Top Page
GE Aerospace
(NYSE:GE)
Select Model
Select Model
Rating:73Outperform
Price Target:
$421.00
▲(38.43% Upside)
Action:Upgraded
Date:06/12/26
The score is driven primarily by strong financial profitability and a favorable earnings outlook supported by large backlog and operational momentum. Offsetting factors are weaker cash-flow consistency (including a TTM FCF decline) and moderate leverage, while the high P/E and low dividend yield make valuation a notable constraint despite supportive technical trend signals.
Positive Factors
Large, multi-year backlog
A >$170B commercial services backlog and >$210B overall backlog provide durable multiyear revenue visibility and predictable aftermarket demand. This backlog underpins recurring services cash flows, supports capacity planning, and reduces short-term cyclicality in revenue over the next several years.
Negative Factors
Elevated leverage and cash-flow inconsistency
A meaningful TTM FCF decline and only moderate cash conversion increase short-term financing sensitivity. With debt roughly near equity historically, inconsistent FCF raises risk to funding capex, shop ramp investments and buybacks, reducing financial flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, multi-year backlog
A >$170B commercial services backlog and >$210B overall backlog provide durable multiyear revenue visibility and predictable aftermarket demand. This backlog underpins recurring services cash flows, supports capacity planning, and reduces short-term cyclicality in revenue over the next several years.
Read all positive factors
GE Aerospace Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue contributions from different business areas, showing which segments are leading growth and which may require more focus.
Breaks down revenue contributions from different business areas, showing which segments are leading growth and which may require more focus.
Data provided by:
The Fly
The FlyGE Aerospace (GE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$393.88B
Dividend Yield0.48%
Average Volume (3M)4.89M
Price to Earnings (P/E)46.3
Beta (1Y)1.38
Revenue Growth21.75%
EPS Growth26.48%
CountryUS
Employees53,000
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)8.15
Shares Outstanding1,043,337,300
10 Day Avg. Volume4,772,350
30 Day Avg. Volume4,885,889
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)17.60
Price to Sales (P/S)7.17
P/FCF Ratio45.25
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue7.91
Enterprise Value/Gross Profit22.71
Enterprise Value/Ebitda31.73
Forecast
1Y Price Target
$381.83Price Target Upside25.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)7.55
Revenue Forecast (FY)$48.55B
GE Aerospace Business Overview & Revenue Model
Company Description
Based in Evendale, Ohio, GE Aerospace is a prominent American aviation enterprise with roots tracing back to its 1878 founding by Thomas Alva Edison. The company specializes in manufacturing and supplying jet and turboprop engines, along with inte...
How the Company Makes Money
GE Aerospace primarily makes money through (1) sales of aircraft engines and related equipment and (2) recurring aftermarket services over the multi-decade life of engines it has in service.
1) Engine and equipment sales (original equipment/OE):...
GE Aerospace Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum—very large order intake, double-digit revenue growth, significant backlog, improving shop outputs and targeted investments—while acknowledging near-term headwinds from geopolitical disruption, spare parts delinquencies, margin pressure from installed engine mix and supply constraints. Management maintained full-year guidance and expressed confidence in delivering toward the high end of the range, but flagged uncertainty for the second half and 2027 if the Middle East conflict and fuel disruptions persist.Positive Updates
Very Strong Order Growth
Total company orders up 87% YoY; Commercial Engines & Services (CES) orders up 93%; Defense, Power & Tech (DPT) orders up 67%, including record defense orders for the decade and DPT book-to-bill above 2.
Negative Updates
Geopolitical Impact and Revised Departures Outlook
Due to the conflict in the Middle East, full-year global departures outlook reduced from mid-single-digit growth to flat to low single-digit growth; Q1 experienced a high single-digit decline in Middle East departures (Middle East ~5% of departures) and company assumes a low double-digit decline in Middle East departures for the year.
Read all updates
Q1-2026 Updates
Positive
Negative
Very Strong Order Growth
Total company orders up 87% YoY; Commercial Engines & Services (CES) orders up 93%; Defense, Power & Tech (DPT) orders up 67%, including record defense orders for the decade and DPT book-to-bill above 2.
Read all positive updates
Company Guidance
GE Aerospace said it is maintaining full‑year guidance but is trending toward the high end of its ranges, calling for total‑company revenue growth in the low double‑digits, profit of $9.85–$10.25 billion, EPS of $7.10–$7.40, and free cash flow of $8.0–$8.4 billion. The outlook is based on full‑year departures of flat to low single‑digit growth (including a low‑double‑digit decline in the Middle East), assumes Brent/jet fuel elevated through Q3 then easing by year‑end, and excludes a global recession. Management now expects services revenue to be up roughly $4.0 billion year‑over‑year (vs. ~$3.5B previously), with Q2 services growth in the high‑teens, 95% of spare‑parts for Q2 already in backlog, all Q2 shop visits already off‑wing, and the Q2–Q3 engine removal pipeline plus current off‑wing engines running about one‑third oversubscribed to the shop‑visit guide. Segment guidance for CES and DPT is maintained (DPT tracking to high‑teens revenue growth), CES deliveries are expected up ~15% for the year, and the company believes its backlog and operational actions position it to reach the high end of the guidance range.GE Aerospace Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.35B | 45.85B | 38.70B | 35.35B | 29.14B | 56.47B |
| Gross Profit | 16.84B | 16.89B | 14.39B | 12.41B | 10.15B | 13.09B |
| EBITDA | 12.05B | 12.06B | 9.79B | 12.65B | 4.04B | -1.54B |
| Net Income | 8.66B | 8.70B | 6.56B | 9.48B | 336.00M | -6.34B |
Balance Sheet | ||||||
| Total Assets | 128.44B | 130.17B | 125.76B | 176.11B | 188.85B | 198.87B |
| Cash, Cash Equivalents and Short-Term Investments | 10.98B | 12.39B | 14.60B | 20.91B | 23.42B | 28.07B |
| Total Debt | 20.28B | 20.49B | 20.38B | 21.76B | 26.15B | 38.03B |
| Total Liabilities | 110.15B | 111.27B | 106.20B | 147.50B | 153.94B | 157.11B |
| Stockholders Equity | 18.06B | 18.68B | 19.34B | 27.40B | 33.70B | 40.31B |
Cash Flow | ||||||
| Free Cash Flow | 7.46B | 7.26B | 3.68B | 3.58B | 4.74B | 2.37B |
| Operating Cash Flow | 8.85B | 8.54B | 4.71B | 5.18B | 5.92B | 3.48B |
| Investing Cash Flow | -1.75B | -1.15B | -1.67B | 3.98B | 2.27B | 21.38B |
| Financing Cash Flow | -9.23B | -8.68B | -6.73B | -8.61B | -5.58B | -45.40B |
GE Aerospace Technical Analysis
Positive
304.13
Price Trends
318.93
Positive
315.14
Positive
309.00
Positive
Market Momentum
16.65
Negative
75.97
Negative
83.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GE, the sentiment is Positive. The current price of 304.13 is below the 20-day moving average (MA) of 351.06, below the 50-day MA of 318.93, and below the 200-day MA of 309.00, indicating a bullish trend. The MACD of 16.65 indicates Negative momentum. The RSI at 75.97 is Negative, neither overbought nor oversold. The STOCH value of 83.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GE.
GE Aerospace Risk Analysis
GE Aerospace disclosed 18 risk factors in its most recent earnings report. GE Aerospace reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
GE Aerospace Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $101.02B | 23.19 | 17.41% | 1.73% | 9.35% | 10.49% | |
73 Outperform | $393.88B | 46.32 | 46.39% | 0.48% | 21.75% | 26.48% | |
68 Neutral | $268.33B | 36.83 | 11.23% | 1.44% | 10.56% | 56.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $77.98B | 17.15 | 28.05% | 1.55% | 4.95% | 26.05% | |
59 Neutral | $125.87B | 26.32 | 74.53% | 2.77% | 4.59% | -10.76% | |
53 Neutral | $175.57B | 80.35 | -8723.08% | ― | 32.74% | ― |
* Industrials Sector Average
GE
GE Aerospace
377.52
129.82
52.41%
BA
Boeing
226.49
7.86
3.60%
GD
General Dynamics
373.54
84.00
29.01%
LMT
Lockheed Martin
545.91
89.17
19.52%
NOC
Northrop Grumman
549.01
48.93
9.78%
RTX
RTX
199.25
55.62
38.72%
GE Aerospace Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
GE Aerospace Tightens Bylaws and Shareholder Governance Rules
Neutral
Jun 25, 2026
On June 25, 2026, GE Aerospace’s board approved amendments to its by-laws to refine procedures for nominating directors and enhance disclosure obligations for shareholders. The changes require nomination information to be accurate as of the ...
Business Operations and StrategyExecutive/Board Changes
GE Aerospace adds Microsoft AI leader to board
Positive
Jun 11, 2026
On June 8, 2026, GE Aerospace’s board elected Judson Althoff, CEO of Microsoft’s Commercial Business, as an independent director, effective June 24, 2026. The board will expand in size to accommodate his appointment, and Althoff will r...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
GE Aerospace Shareholders Back Board, Pay and Incentive Plans
Positive
May 7, 2026
At its annual shareholders meeting held on May 5, 2026, GE Aerospace investors elected all director nominees, approved an advisory vote on executive compensation, endorsed an amended 2022 Long-Term Incentive Plan, backed a global employee stock pu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.