General Electric
Founded by Thomas Edison and J.P. Morgan, among others, General Electric has a storied history in the United States. The company’s beginnings are essential learning in the history of the country’s storied period of industrialization. Today, General Electric no longer holds the same esteem and lure as it once did, since it is still recuperating from a stunning collapse that began in 2017. At a Fortune Global Forum event in October 2020, CEO Larry Culp said the company was likely only in “the second or third inning” of a transformation meant to bring the company back to the successes it has seen throughout its 129-year history. Unfortunately, pandemic-related setbacks to the travel and oil industries will probably impede GE’s efforts to recover ground.
Courtesy of GE
Company Information
As of 8/3/2022
Country
U.S.
Headquarters
Boston
Industry
Industrial Machinery
CEO
H. Lawrence Culp Jr.
Website
Company Type
Public
Ticker
GE
Revenues ($M)
$74,196
Profits ($M)
$-6,520
Market Value ($M)
$73,458
Employees
168,000
Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$74,196
-6.8%
Profits ($M)
$-6,520
-214.3%
Assets ($M)
$198,874
-
Total Stockholder Equity ($M)
$40,310
-
Profit Ratios
Profit as % of Revenues
-8.8%
Profits as % of Assets
-3.3%
Profits as % of Stockholder Equity
-16.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
-616
EPS % Change (from 2020)
-232.8%
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2021)
9.7%
Total Return to Investors (5 year, annualized)
-15.8%
Total Return to Investors (10 year, annualized)
-1.3%
Lists ranking General Electric
Latest news for General Electric
- Commentary
Breaking up isn’t hard to do: GE’s split unravels a massive management mistakeNovember 12, 2021, 7:14 PM UTC - Finance
GE will split itself into 3 companies, marking the end of the conglomerate for goodNovember 9, 2021, 12:20 PM UTC
- General Electric is splitting into three companies;1:17News, Radar;
- Jeff Immelt reflects on the ups and downs of his tenure at GE;9:49Series, On Leading;
- FORTUNE PREMIUMInsights: How Johns Hopkins' GE Command Center Improves Patient Care;4:58Collections;
- FORTUNE PREMIUMGE's Jeff Immelt Dishes on Trump as President;5:37Series, On Leading;