General Electric (GE) FY2024 results: revenue $38.7 billion, up 9.5% on the year
General Electric Co. (GE) reported revenue of $38.7 billion for fiscal 2024, the year ended 31 December 2024, up 9.5% on the year before. Net income was $6.6 billion, down 30.9%, and diluted earnings per share $5.99. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2025.
Revenue
$38.7 billion
+9.5% on the year
FY2017FY2024
Operating margin
13.8%
10.5% a year earlier
FY2017FY2024
Net income
$6.6 billion
-30.9% on the year
FY2017FY2024
Diluted EPS
$5.99
-28.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,710
5,179
5,916
-9.1%
Capital expenditure
1,032
862
1,061
+19.7%
Free cash flow
3,678
4,317
4,855
-14.8%
Free cash flow margin
9.5%
12.2%
16.7%
Cash from investing
-1,666
3,967
2,270
Cash from financing
-6,726
-8,613
-5,585
Depreciation and amortisation
834
797
846
+4.6%
Share-based compensation
286
192
143
+49.0%
Buybacks
5,827
1,233
1,048
+372.6%
Dividends paid
1,008
589
639
+71.1%
Dividend per share
$1.12
$0.32
$0.32
+250.0%
Diluted shares, weighted
1,094m
1,099m
1,101m
-0.5%
Shares outstanding at period end
1,074m
1,088m
1,089m
-1.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
19,342
27,378
33,696
-29.4%
Non-controlling interest
223
1,202
1,216
-81.4%
Redeemable equity
n/a
n/a
132
Debt
19,273
20,525
24,059
-6.1%
Operating lease liabilities
822
931
2,089
-11.7%
Other liabilities
83,480
123,264
127,659
-32.3%
Total liabilities and equity
123,140
173,300
188,851
-28.9%
Goodwill
8,538
8,948
8,835
-4.6%
Intangible assets
4,257
4,642
6,105
-8.3%
Investments
37,741
38,000
36,048
-0.7%
Cash and equivalents
13,619
15,204
15,810
-10.4%
Receivables
9,327
8,703
14,831
+7.2%
Inventory
9,763
8,284
14,891
+17.9%
Other assets
39,895
89,519
92,331
-55.4%
Total assets
123,140
173,300
188,851
-28.9%
10-K for the year ended 31 December 2024, filed 3 February 2025: the filing.