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Every time a commercial jet takes off anywhere in the world, there is roughly even odds that a GE Aerospace engine is doing the work. After more than a century as part of a vast American conglomerate, the company flew solo in April 2024 — and it has been climbing steeply ever since.
| Full name | General Electric Company, d/b/a GE Aerospace |
|---|---|
| Ticker / exchange | GE — NYSE |
| Headquarters | Evendale, Ohio, United States |
| Sector | Industrials — Aerospace & Defense |
| Employees | 57,000 |
| Market value (market cap) | $332.9 billion |
| Yearly sales (revenue, 2025) | $45.9 billion |
| Net profit (2025) | $8.7 billion |
| Net margin (2025, our calculation) | 19.0% — keeps about 19 cents of profit from every dollar of sales |
| Return on equity (TTM) | 45.4% — earns $0.45 for every dollar shareholders own in the business |
| Price-to-earnings ratio | 39.7× — investors pay roughly $40 for each dollar of annual profit |
| Dividend yield | 0.49% — a very small cash payout; most returns come from share-price growth |
| Cash on hand (2025) | $12.4 billion |
| Website | geaerospace.com |
What it is
GE Aerospace is an American aircraft engine company headquartered in Evendale, Ohio, the legal successor to the original General Electric Company founded in 1892, which broke itself into three separate public companies between 2021 and April 2024. Its most important partnership is CFM International, a 50/50 joint venture with France’s Safran Aircraft Engines — the maker of the LEAP engine that powers most new Boeing and Airbus narrowbody jets.
GE’s aviation story began in 1917, when the U.S. government searched for a company to develop the first airplane engine “booster” for the fledgling U.S. aviation industry. GE’s expertise in turbines figured into the U.S. Army Air Force’s decision to select GE to develop the nation’s first jet engine, a lineage that now spans over a century of propulsion leadership.
Who owns it
GE Aerospace is owned approximately 77.5% by institutional shareholders, with insiders holding around 2.7% and retail investors the remainder. There is no controlling family or state; ownership is wide and public.
The largest individual shareholders are Capital Research and Management Company at roughly 9.3%, Vanguard Group at 8.7%, and BlackRock — all large index and active fund managers with no special governance rights.
Who runs it
H. Lawrence Culp Jr.
is Chairman and Chief Executive Officer; in July 2024, GE Aerospace’s board extended his contract through at least December 2027. Culp joined the GE board in April 2018, was appointed CEO of GE in October 2018, and became Chairman & CEO of GE Aerospace when it launched as an independent public company in April 2024.
Rahul Ghai is Senior Vice President and Chief Financial Officer, responsible for all financial activities including accounting, planning, investor relations, and treasury. He joined in August 2022 and served as CFO of the parent GE through the spin of GE Vernova in April 2024.
The money, in plain words
Revenue has grown sharply: $35.4 billion in 2023, $38.7 billion in 2024, and $45.9 billion in 2025 — a 30% rise in two years (our calculation). The company keeps about 19 cents of profit from every dollar of sales — a net profit margin of 19.0% in 2025 (our calculation) — which is high for an industrial manufacturer and reflects how much money flows from long-term service contracts on engines already in the field.
For every dollar of equity owners hold in the business, GE Aerospace earns back about 45 cents a year — a return on equity of 45.4%, exceptional by any industrial benchmark. Cash on the balance sheet stands at $12.4 billion; the structured data does not separately report net debt.
At a price-to-earnings ratio of 39.7×, the market is pricing in years of continued growth, leaving limited room for disappointment.
What it is doing now
In the first quarter of 2026, total orders reached $23.0 billion, up 87% from a year earlier, while revenue rose 25% to $12.4 billion. The results reflect continued demand for commercial engine services and defense-related products, though the company cited a “dynamic geopolitical landscape” as a factor in maintaining, rather than raising, its full-year outlook.
GE Aerospace maintained full-year 2026 guidance of adjusted revenue growth of approximately 21% and operating profit in the range of $9.85 billion to $10.25 billion. With a $211.3 billion total backlog in place and order momentum accelerating on both the commercial and defense sides, GE Aerospace enters the second half of 2026 from a position of considerable strength.
What to watch
- Margin pressure vs. volume growth. Operating margins fell 200 basis points in Q1 2026 due to strategic investments and inflation — the stock sold off on results day despite the revenue beat. Whether costs stay ahead of price is the central tension.
- RISE engine programme. In partnership with Safran, GE Aerospace’s next-generation open-fan engine targets a fuel-burn and CO₂ reduction of more than 20% by the mid-2030s. Execution risk is real; airlines are watching closely.
- Geopolitical exposure. About 9.4% of net sales come from China — a market that carries escalating trade and licensing risk.
- CEO succession. Culp’s contract runs to 2027–28; his successor and the continuity of the “FLIGHT DECK” operating culture will matter greatly to a company still mid-transformation.
Sources
- GE Aerospace — Leadership page (geaerospace.com)
- GE Aerospace — Board of Directors / Governance (geaerospace.com)
- GE Aerospace — Press release: Culp contract extension, July 1 2024 (geaerospace.com)
- GE Aerospace — Aviation history page (geaerospace.com)
- Wikipedia — GE Aerospace
- Value the Markets — GE Aerospace Q1 2026 earnings report, April 22 2026
- WallStreetZen — GE Aerospace ownership breakdown
- Capital.com — GE Aerospace shareholder analysis
- Market data: EODHD.
This is news, not investment advice.
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