GE Aerospace

General Electric operates as GE Aerospace. It designs, builds and services jet engines and aircraft systems for plane makers such as Boeing and Airbus, airlines, independent repair shops and governments, with customers in about 120 countries. Roughly 70% of revenue comes from the aftermarket: maintenance, repair and overhaul (MRO) and spare parts for about 50,000 commercial and 30,000 military GE engines already in the field. Commercial engines can operate for decades, so each sale can lead to years of service work.

Commercial Engines & Services made up about 73% of the $45.9 billion in revenue for fiscal 2025 (year ended December 31, 2025), and services were 75% of that segment. It supplies engines for narrowbody, widebody and regional jets, including the GE9X for the Boeing 777X. Some are sold through joint ventures, chiefly CFM International, a 50-50 partnership with France's Safran. Production of the LEAP narrowbody engine is ramping up sharply, and GE expects it to become the industry's largest fleet. Defense & Propulsion Technologies made up about 23%. It makes fighter, helicopter and ship engines such as the F414, T901 and LM2500, plus components under brands including Avio Aero.

By region, the U.S. supplied about 40% of fiscal 2025 revenue, Asia 24%, Europe 19%, the Middle East and Africa 10%, and other parts of the Americas 8%.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $14.12B, up 15.9% from a year earlier, and net income was $2.29B (+6.1%).
• For fiscal 2025, revenue was $45.85B (+18.5% year over year; +16.3% a year from FY2022 to FY2025) with a 19% net margin.

• Over FY2021–FY2025: $15.77B in buybacks and $4.26B in dividends.
• Regular dividend per share increased 2 years in a row.
• Regular dividends per share grew +35.1% a year over 5 years (FY2020–FY2025).
• Dividends took 16.7% of earnings and 20% of free cash flow in the latest fiscal year.
• Shares outstanding changed -6.0% from Jan 31, 2022 to Sep 30, 2026.

Rank among 1514 US companies

Market value at each year end

GE Aerospace’s market value went from $168.00B at the end of 2016 to $326.31B on Nov 2, 2026, up 94%; since the end of 2025 it is up 0%.

Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 8 sales ($7.2M).

Large shareholders (13G filings)

ETFs with the most weight in GE

1. Engine failures or quality problems. A major failure or quality problem with GE engines, or with aircraft and other products they are built into, could hurt its reputation, finances and cash flow. Aircraft safety incidents can also weigh on demand.
2. Heavy reliance on cyclical commercial aviation. Commercial Engines & Services, about 73% of fiscal 2025 revenue, depends on airlines and plane makers, a historically boom-and-bust industry. Demand for engines and parts swings with air traffic, fuel prices, airline bankruptcies and production schedules.
3. Supplier shortages and rising input costs. GE says input shortages, limited supplier capacity, supplier quality issues and price increases have raised its operating costs and may keep doing so. Production disruptions at suppliers or customers add to the risk.
4. Leftover liabilities from the old GE. GE remains exposed to run-off insurance (policies it no longer sells but still pays claims on) and a Bank BPH mortgage portfolio in Poland. Its GE HealthCare and GE Vernova spin-offs could be ruled taxable.
5. Changes in government defense spending. Defense & Propulsion Technologies was about 23% of fiscal 2025 revenue, and much of its customer-funded research money comes from the U.S. government. Spending cuts, policy changes or contract compliance problems could hurt results.
6. Tariffs, export controls and global tensions. With the U.S. at about 40% of fiscal 2025 revenue, most sales are abroad. Tariffs, export controls including rare earth restrictions, sanctions and U.S.-China decoupling could raise costs and disrupt supply chains and customers.

• Oct 20, 2026 Quarterly results released
• Sep 22, 2026 Executive or board change; Other company announcement
• Sep 8, 2026 Investor presentation or announcement; Other company announcement
• Jul 16, 2026 Quarterly results released
• Jun 25, 2026 Bylaws or fiscal year changed
• Jun 11, 2026 Executive or board change
• May 7, 2026 Executive or board change; Shareholder vote results
• Apr 21, 2026 Quarterly results released
• Jan 22, 2026 Quarterly results released
• Jan 15, 2026 Executive or board change

GE's dividend yield was a modest 0.59% as of October 30, 2026. Adjusted for a 2021 reverse split, GE paid $0.32 a share yearly from fiscal 2020 through 2023, then $1.12 in 2024 and $1.44 in 2025, a two-year streak of increases. In fiscal 2025 dividends took about 17% of earnings and 20% of free cash flow (cash left after investing in the business). Share buybacks are much larger: $15.8 billion over fiscal 2021–2025, versus $4.3 billion in dividends, and the share count fell about 6% from January 2022 to September 2026.

In downturns, the stock fell 82.6% in the 2008 financial crisis (about 80 months to recover), 51.5% in the 2020 COVID crash (11 months) and 40.7% in the 2022 bear market (6 months), though much of that history predates the GE HealthCare and GE Vernova spin-offs. With little dividend income, returns rely mostly on share price gains. A single stock carries more risk than a diversified fund.