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Mar 31

GE Q1 2025 Earnings Report

GE Aerospace reported strong Q1 2025 results with double-digit growth in revenue, orders, and adjusted EPS.

Key Takeaways

GE Aerospace started 2025 with a strong performance, driven by commercial services growth, improved supply chain execution, and strategic investments.

Total Revenue
$9.94B
Previous year: $16.1B
-38.1%
EPS
$1.49
Previous year: $0.82
+81.7%
Total Orders
$12.3B
Previous year: $11B
+12.0%
Profit Margin
22.6%
Previous year: 22.2%
+1.8%
Operating Profit Margin
23.8%
Previous year: 19.2%
+24.0%
Gross Profit
$3.95B
Previous year: $4.54B
-13.0%
Cash and Equivalents
$13.4B
Previous year: $22.2B
-39.6%
Free Cash Flow
$1.44B
Previous year: $571M
+152.4%
Total Assets
$124B
Previous year: $164B
-24.3%

GE

GE

GE Revenue by Segment

Forward Guidance

GE Aerospace reaffirmed its 2025 guidance, supported by a strong start and strategic actions to mitigate macroeconomic headwinds.

Positive Outlook

  • Maintained full-year guidance despite macroeconomic volatility.
  • Commercial Services backlog remains over $140 billion.
  • Expecting mid-teens revenue growth in Commercial Engines & Services.
  • Announced $1 billion investment in U.S. manufacturing and ~5,000 new hires.
  • Strong contract wins including a $5 billion U.S. Air Force deal.

Challenges Ahead

  • Anticipated delayed spare engine deliveries.
  • Tariff impacts offset through cost control and pricing actions.
  • Defense revenue growth expected to remain mid- to high-single digits.
  • Slightly lower cash from operations and free cash flow in Q1.
  • Potential risk from changes in airframer delivery schedules or global recession not accounted in guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income