GE GE Aerospace FILING REVIEW ONLY
FORM 10-K · FY2025 ENDED 2025-12-31 · FILED 2026-01-29 · 1,068M DILUTED WTD-AVG SHARES
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Diluted weighted-average shares: the average share count across the fiscal year, including shares that in-the-money options and awards would add — the denominator of diluted EPS.
· EDGAR ↗

GE Aerospace. Industrials.

S&P 500 · INDUSTRIALS · CIK 40545
REVENUE$45.9B+18.5% YoY
NET INCOME$8.7B+32.8% YoY
OPERATING CASH FLOW$8.5B+81.3% YoY
92
FILING SCORE / 100
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How the score is computed: 3 management claims are checked against the filed statements and 6 earnings-quality warning signs are computed from them. Each check earns 2 points when the numbers fully back it, 1 when partly, 0 when they contradict or flag red — 5/6 on claims and 12/12 on warning signs, averaged to 0–100. 70+ reads strong; 45–69 mixed; below 45 weak. Every check's arithmetic is on this page.
STRONG9 CHECKS · no flagsNEXT 10-Q ~NOV 2026 (EST.)
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Estimated from the filer's own quarter cadence: last filed quarter end + one quarter; filing typically ~40 days later. An estimate, not an announcement.
Statements & commentary
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Statements as filed on the left — every figure from the company's own XBRL filing, in millions of dollars. What management wrote on the right, quoted verbatim. Open any claim for its arithmetic. The gold number beside a statement line counts the claims resting on that line. ✓ matches · ◐ partly · ✗ contradicts or red flag · ◐ watch.
EVERY FIGURE AS FILED · $M EXCEPT PER-SHARE
Income statement · $ millions202520242023
Total revenues45,85538,70235,3483
Research and development1,5801,2861,011
Selling, general and administrative4,0884,4374,045
Total operating expenses37,34233,34631,625
Other income (expense), net1,4872,2646,718
Income before income taxes10,0007,62010,4411
Income tax provision1,4059629942
Net income incl. noncontrolling interests8,6986,5669,445
Less: noncontrolling interests(6)11(37)
Net income attributable to common8,7046,5569,1882
Diluted earnings per share$8.14$5.99$8.36
Weighted-average diluted shares1,0681,0941,0991
Cash flow · $ millions202520242023
Net income incl. noncontrolling interests8,6986,5669,445
Change in receivables2,4371,076210
Change in inventories1,9811,5281,321
Change in payables1,993688713
Net cash provided by operating activities8,5374,7105,1892
Acquisitions, net of cash36013541
Net cash used in investing activities(1,153)(1,666)3,967
Repurchases of common stock7,5515,8271,233
Debt issued1,98500
Net cash used in financing activities(8,682)(6,726)(8,613)
Cash and equivalents at end of period14,78215,88019,755
Balance sheet · $ millions20252024
Receivables, net11,7739,3271
Inventories11,8689,7631
Total current assets40,59637,635
Goodwill9,0608,5381
Intangible assets, net4,2254,257
Total assets130,169123,1401
Accounts payable10,0787,909
Current debt1,6862,039
Total current liabilities38,98034,392
Long-term debt18,80817,234
Total liabilities111,271103,576
Stockholders' equity18,67719,342
Noncontrolling interests221223
Total equity18,89819,564
Segments · as filed in the segment note · $ millionsCommercial engines and services reportable segmentDefense and propulsion technologies reportable segmentCorporate / unallocatedConsolidated
Net sales33,31410,5541,98745,855

Rows render only when the filed members reconcile to the consolidated line; Corporate / unallocated is consolidated − Σ segments, arithmetic on filed lines. A concept whose members do not faithfully partition the total is omitted, never approximated.

Largest FY/FY moves · $ millions, ranked by |Δ|FY2025FY2024Δ $Δ %Reading
Total liabilities · BS111,271103,576+7,695+7.4%—
Total revenues · IS45,85538,702+7,153+18.5%—
Total assets · BS130,169123,140+7,029+5.7%—
Total current liabilities · BS38,98034,392+4,588+13.3%—
Total operating expenses · IS37,34233,346+3,996+12.0%—
Net cash provided by operating activities · CF8,5374,710+3,827+81.3%◐ outsized
Total current assets · BS40,59637,635+2,961+7.9%—
Receivables, net · BS11,7739,327+2,446+26.2%—
Income before income taxes · IS10,0007,620+2,380+31.2%—
Accounts payable · BS10,0787,909+2,169+27.4%—
Net income attributable to common · IS8,7046,556+2,148+32.8%—
Net income incl. noncontrolling interests · IS8,6986,566+2,132+32.5%—
Net income incl. noncontrolling interests · CF8,6986,566+2,132+32.5%—
Inventories · BS11,8689,763+2,105+21.6%—
Business quality — Buffett/Munger screen · deterministic · not part of the filing scoreValueReading
Return on equity
net income ÷ average of start- and end-of-year equity
45.8%
sector median 24.0%
strong
Share count, year-end
(year-end shares − prior year-end) ÷ prior year-end
-2.3%
sector median -0.8%
shrinking
Debt to equity
(current debt + long-term debt) ÷ year-end equity
1.10
sector median 0.63
leveraged
FCF consistency, 5yr
operating cash flow − capital expenditure, per year
positive 5 of 5consistent
Margin stability
pre-tax income ÷ revenue, swing across up to five years
pre-tax margin 21.8%
sector median 14.2%
volatile
Quarterly · as filed in 10-Q/10-K · $ millionsMAR 25JUN 25SEP 25MAR 26JUN 26
Total revenues9,93511,02312,18112,39213,349
Research and development359359415440460
Selling, general and administrative8761,0201,1951,0841,131
Total operating expenses7,9928,9329,95110,17810,860
Other income (expense), net302298285(16)313
Income before income taxes2,2452,3892,5152,1982,801
Income tax provision283388344252407
Net income incl. noncontrolling interests1,9722,0212,1541,9202,357
Less: noncontrolling interests(5)(7)(3)16(13)
Net income attributable to common1,9782,0282,1571,9042,370
Diluted earnings per share$1.83$1.89$2.02$1.81$2.26
Weighted-average diluted shares1,0781,0711,0651,0541,047
Net cash provided by operating activities1,509——1,823—
Largest QoQ moves · latest vs prior filed quarterPriorLatestΔ $Δ %
Total revenues12,39213,349+957+7.7%
Total operating expenses10,17810,860+682+6.7%
Income before income taxes2,1982,801+603+27.4%
Net income attributable to common1,9042,370+466+24.5%
Net income incl. noncontrolling interests1,9202,357+437+22.8%
Other income (expense), net(16)313+329+2,056.2%
Net cash provided by operating activities1,5091,823+314+20.8%
Income tax provision252407+155+61.5%
Ownership — insiders & floatForm 4 + 10-K cover · open-market trades onlyValueReading
Public float$270,200M10-K cover · as of 2025-06-30
Insider Form 4s, 90d20 filings · 0 buys / 6 sellsnet selling · −$3,391,408
· Ali MohamedSELL $984,049Form 4 filed 2026-07-28 · open market
· Ali MohamedSELL $805,946Form 4 filed 2026-07-28 · open market
· Ali MohamedSELL $625,784Form 4 filed 2026-07-28 · open market
· Ali MohamedSELL $447,835Form 4 filed 2026-07-28 · open market
· Procacci RiccardoSELL $356,976Form 4 filed 2026-07-27 · open market
Insider ownership %—needs the proxy statement — not read yet, never estimated
· The Vanguard Group8.4 %5%+ holder · DEF 14A filed 2026-03-12
· BlackRock, Inc.7.9 %5%+ holder · DEF 14A filed 2026-03-12
· Fidelity Management & Research6.4%5%+ holder · DEF 14A filed 2026-03-12
Institutional %3 holders of 5%+ namedfull 13F total pending — never estimated
Five-year seriesEACH OPENS ITS OWN PAGE WITH DERIVATION AND HISTORY
Revenue →Net income →Operating cash flow →Free cash flow →Capital expenditure →Cash & equivalents →Total assets →Shareholders' equity →Total debt →Return on equity →Days sales outstanding →
Terms and acronyms used on this page
Income statement & cash flow
ImpairmentA write-down of an asset's carrying value. Non-cash, and it does not reverse. A large impairment in one year flatters the next year's comparison.
OCFOperating cash flow — net cash provided by operating activities, as reported.
FCFFree cash flow. Not a GAAP measure and not defined in this filing. Derived here as operating cash flow less additions to oil and gas property less leasehold acquisitions. The method is shown wherever the figure is used.
Balance sheet & market
Public floatThe market value of shares held by non-affiliates, disclosed on the 10-K cover at the prior 30 June. Converting it to a float percentage needs a share price on that date, which the filing does not contain.
Filing & document terms
10-KThe annual report filed with the SEC. Item 7 is management's discussion and analysis; Item 1A is risk factors; Item 8 and Item 15 carry the audited financial statements.
YoY · CAGRYear over year · compound annual growth rate.
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Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from GE Aerospace's Form 10-K for FY2025 (accession 0000040545-26-000008), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. GE is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.