GE Aerospace

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, United States was 40% and Asia was 24% of revenue; United States fell from 48% in the fiscal year to Dec 2023.

Quarters: GE Aerospace's SEC filings, named by the month they end. Fiscal years: GE Aerospace's annual reports to the SEC.

How it makes money

Of every $100 in revenue, $19.0 ends up as net income. Net margin rose from 1.2% to 19.0% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: GE Aerospace's annual reports to the SEC.

How much work is already signed?

Customers had signed $212.1B of work GE Aerospace has not yet delivered at the end of Sep 2026: 4.0 years of revenue at the last four quarters' pace. New orders over those four quarters were about 1.7× revenue, so the backlog grew.

Backlog: remaining performance obligations in GE Aerospace's SEC filings, revenue under contract not yet delivered. Book-to-bill: the quarter's revenue plus the change in backlog, over the quarter's revenue.

Customers and suppliers

In its latest annual report GE Aerospace sells to Boeing, Airbus, Genworth; it names no suppliers.

Their suppliers

Ford Fto Berkshire Hathaway

General Motors GMto Berkshire Hathaway

Honda/Acura HMCto Berkshire Hathaway

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Suppliers

Howmet Aerospace HWM

B

Berkshire Hathaway BRK-B

Kratos Defense & Security Solutions KTOS

 

GEGE Aerospace

Customers

Boeing BA

Genworth GNW

Airbus AIR.PA

Their customers

U.S. governmentfrom Boeing

Show 1

GE Aerospace's 10-K for the year to Dec 2025 gives the share of revenue of a group of customers, not of any one: U. S. Government Agencies (10%).

From GE Aerospace's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. A dash is a group of customers the filing gives (a government's agencies, the largest customers together, all the others): it can include the customers beside it, so the shares need not add up.

Partners

BBETA Technologies BETAGE Aerospace invested in it · Equity investment$295 million investment income for 2025

CCFM InternationalCommercial aircraft engine joint venture50-50 joint venture

Safran Aircraft EnginesCo-owns commercial engine venture CFM International50-50 joint venture

GE HealthCare GEHCLicenses GE name and logo

GE Vernova GEVLicenses GE name and logo

Named in other companies’ filings

GE Vernova GEVlicensing deal with it · Licenses GE trademarks and logoKratos Defense & Security Solutions KTOSco-develops with it · Develop, manufacture and test affordable aircraft enginesRTX RTXjoint venture with it · Co-owns GP7000 engine aftermarket support venture

Only the companies GE Aerospace names in its 10-K filed Jan 29, 2026 (SEC). Named in other companies' filings: those whose own latest annual report or an 8-K since names GE Aerospace. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

P/E of 38.2x, above the peer median of 21.5x, so it needs earnings to keep growing to hold up.

Priced 78% above the peer median of 21.5x.

At 38.2× trailing earnings GE is inside the middle of its range since Jan 2023; the median is 37.4×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $378, 14% above the current price; 83% of 23 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 19 analysts (83%). Sell or Strong Sell: 1.

Over the past year the average of the analysts' latest price targets went from $333.33 to $383.92 (+15%), while GE went from $304.17 to $330.86 (+9%). In the past three months targets were raised once and cut 7 times. No firm upgraded or downgraded it over the year.

The day after each of these reports the stock moved −7.7% (Dec 2025, beat); −9.0% (Mar 2026, beat); −3.2% (Jun 2026, beat); −4.9% (Sep 2026, beat).

For the quarter ending Dec 2026 (GE Aerospace reports on Jan 21, 2027), analysts expect revenue of $13.3B. For the fiscal year ending Dec 2027, they expect adjusted earnings of $9.98 a share, 22% more than the year before's estimate of $8.16, and revenue of $56.8B, up 12% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $8.0B in free cash flow over the year and returned more than it generated: $10.2B went back to shareholders (dividends plus buybacks), so $2.2B came from cash on hand or borrowing.

GE Aerospace had 1.04B diluted shares in the quarter ended Sep 2026, 2.3% fewer than a year earlier. It spent $8.5B on buybacks over the last four quarters. Over the last four quarters its earnings per share rose 15.6% and its net income rose 12.9%: fewer shares added about 3 points.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 1.0, short-term debt is manageable; debt-to-equity 1.1, debt is moderate.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 3 members of Congress and 9 funds whose copy leaves GE out (on the exchange, not in the app yet): Laurel Lee, WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST, Polen Capital Management, Fisher Asset Management, Rob Bresnahan, Temasek Holdings (Private) and 6 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 17 held GE at the end of their latest quarter (for most, Q2 2026). Over that quarter 7 added shares, 8 cut and 2 bought new. The largest of them is Norges Bank, 13.69M shares worth $5.1B at Jun 30, 2026, 5.1% fewer than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of GE at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $26.2M of GE on the open market in the 12 months to Nov 12, 2026; none bought. The largest was Russell Stokes (Senior Vice President), who sold $11.7M in 3 sales.

From the Form 4s filed with the SEC about GE Aerospace (51 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 65 other transactions (grants, option exercises and shares withheld for tax).

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