GE Aerospace (GE) Q4 2025 earnings summary

Executive summary

• Achieved strong operational and financial performance in 2025, with adjusted revenue up 21%, adjusted EPS up 38%, and free cash flow conversion over 100% year-over-year.

• Orders rose 32% for the year and 74% in Q4, reflecting robust demand and a $190B backlog.

• Full-year 2025 revenue reached $45.9B, up 18%, with profit of $10.0B, up 31% year-over-year.

• Investments in supply chain and customer-driven initiatives supported record engine deliveries and service growth.

• Organizational changes, including integration of Technology & Operations into CES and expanded leadership roles, are driving productivity and customer alignment.

Financial highlights

• FY'25 adjusted revenue: $42.3B, up 21% year-over-year; Q4'25 adjusted revenue: $11.9B, up 20%.

• FY'25 operating profit: $9.1B, up 25%; Q4'25 operating profit: $2.3B, up 14%.

• FY'25 adjusted EPS: $6.37, up 38%; Q4'25 adjusted EPS: $1.57, up 19%.

• FY'25 free cash flow: $7.7B, up 24%; Q4'25 free cash flow: $1.8B, up 15%.

• Diluted share count down by 26M; adjusted effective tax rate 17.3%, down ~3pts.

Outlook and guidance

• FY'26 guidance: adjusted revenue $46.5B–$47.0B, operating profit $9.85B–$10.25B, adjusted EPS $7.10–$7.40, and free cash flow $8.0B–$8.4B, all with conversion above 100%.

• CES segment revenue expected to grow mid-teens, DPT segment revenue mid- to high-single digits.

• CapEx projected at ~3% of revenue; share count to decrease by ~18M.