GE Aerospace (GE) Q3 2025 Financial Results Summary

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GE Aerospace (GE) Q3 2025 Financial Results Summary

CINCINNATI — October 21, 2025 — GE Aerospace (NYSE: GE) announced results today for the third quarter ending September 30, 2025.

Key Financial Highlights

  • Total Orders: $12.8 billion, +2% year-over-year.
  • Total Revenue (GAAP): $12.2 billion, +24% from Q3 2024.
  • Adjusted Revenue: $11.3 billion, +26% year-over-year.
  • Profit (GAAP): $2.5 billion, +33% compared to the previous year.
  • Operating Profit: $2.3 billion, +26% year-over-year.
  • Profit Margin (GAAP): 20.7%, +150 bps from Q3 2024.
  • Continuing EPS (GAAP): $2.04, +31% year-over-year; Adjusted EPS: $1.66, +44%.
  • Cash from Operating Activities (GAAP): $2.6 billion, +34% compared to Q3 2024; Free Cash Flow: $2.4 billion, +30% year-over-year.

Operational Performance

  • GE Aerospace reported significant operational strength, with robust demand and improved output:
  • Services revenue growth of 28% year-over-year, alongside engine deliveries up by 33%.
  • Record LEAP deliveries increased by 40% year-over-year.
  • Defense deliveries surged by 83% compared to the previous year.
  • The company raised the 2025 guidance across the board due to these strong results.

Notable Achievements

  • Supplier Input: Material input increased from priority suppliers by more than 35% year-over-year and recorded high-single-digit growth sequentially.
  • New engine wins: Significant deals have been secured, including:
  • Korean Air’s historic order for 103 Boeing aircraft with GE engines.
  • Cathay Pacific’s agreement for 28 additional GE9X engines.
  • Advancements in technology include:
  • Completion of GE Aerospace’s first supersonic test campaign.
  • Partnership established with BETA Technologies for hybrid electric turbogenerator development.

Segment Financial Performance

Commercial Engines & Services (CES)

  • Orders: $10.3 billion, +5% year-over-year.
  • Revenue: $8.88 billion, +27% compared to Q3 2024.
  • Operating Profit: $2.44 billion, +35% year-over-year.
  • Margin for CES improved, with operating profit margin at 27.4%, up 170 bps.

Defense & Propulsion Technologies (DPT)

  • Orders: $2.9 billion, -5% year-over-year.
  • Revenue: $2.83 billion, +26% from the previous year.
  • Operating Profit: $386 million, +75% compared to Q3 2024.
  • Margins expanded by 380 bps, resulting in a 13.6% operating profit margin.

Financial Guidance Update

For the full year 2025, GE Aerospace has updated its guidance based on strong performance and expectations:
– Adjusted Revenue Growth: Increased from ‘+10%’ to +high-teens.
– Operating Profit Guidance: Raised from $8.2 – $8.5 billion to $8.65 – $8.85 billion.
– Adjusted EPS Guidance: Increased from $5.60 – $5.80 to $6.00 – $6.20.
– Free Cash Flow Guidance: Increased from $6.5 – $6.9 billion to $7.1 – $7.3 billion.

Capital Management

  • The company did not declare a quarterly dividend during this report period.
  • No share repurchase program was mentioned in the current report.

Summary

GE Aerospace demonstrated significant year-over-year improvements in multiple financial areas, including revenue, profit, and cash flow. The company’s operational efficiency, strong delivery metrics, and strategic partnerships underscore its commitment to growth and innovation in the aerospace sector. The updated guidance reflects confidence in continued robust demand and performance as they approach the close of the year.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in millions)

2025 2024 Year on Year 2025 2024 Year on Year
GAAP Metrics
Total Revenue $12,181 $9,842 24% $33,138 $27,890 19%
Profit 2,515 1,893 33% 7,149 5,327 34%
Profit Margin 20.7% 19.2% 150 bps 21.6% 19.1% 250 bps
Continuing EPS 2.04 1.56 31% 5.73 4.34 32%
Cash from Operating Activities (CFOA) 2,556 1,913 34% 6,447 4,499 43%
Non-GAAP Metrics
Adjusted Revenue $11,305 $8,943 26% $30,457 $25,241 21%
Operating Profit 2,299 1,818 26% 6,783 5,265 29%
Operating Profit Margin 20.3% 20.3% 0 bps 22.3% 20.9% 140 bps
Adjusted EPS 1.66 1.15 44% 4.80 3.28 46%
Free Cash Flow (FCF) 2,362 1,820 30% 5,933 4,674 27%

CONDENSED CONSOLIDATED BALANCE SHEETS (in millions)

2025 2024 Year on Year
Assets
Current Assets
Cash and Cash Equivalents X Y Z
Accounts Receivable A B C
Inventories D E F
Total Current Assets G H I
Non-current Assets
Property, Plant and Equipment J K L
Goodwill M N O
Other Non-current Assets P Q R
Total Non-current Assets S T U
Total Assets V W X
Liabilities
Current Liabilities
Accounts Payable Y Z AA
Short-term Debt AB AC AD
Total Current Liabilities AE AF AG
Non-current Liabilities AH AI AJ
Long-term Debt AK AL AM
Other Non-current Liabilities AN AO AP
Total Non-current Liabilities AQ AR AS
Total Liabilities AT AU AV
Shareholders’ Equity
Common Stock and Additional Paid-in Capital AW AX AY
Retained Earnings AZ BA BB
Total Shareholders’ Equity BC BD BE
Total Liabilities and Shareholders’ Equity BF BG BH

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