In January 2023, the once mighty American conglomerate successfully executed the first major step in a corporate restructuring plan publicly outlined in November 2021, cleaving off its health care division into an independent company: GE HealthCare.
  • Following a sudden collapse in stock price in 2017 under CEO Jeff Immelt, General Electric, now led by Larry Culp, devised a strategy to divide itself into three separate, publicly traded entities focused, respectively, on aerospace, health care, and energy and power.
  • Following GE HealthCare’s spinoff, GE’s aerospace and energy and power companies are set to become independent in 2024.
  • GE's renewable energy business continued to face supply-chain and inflationary pressures in 2023; it laid off 20% of its U.S. onshore wind workforce in October 2022.
SEBASTIEN SALOM-GOMIS—AFP/Getty Images

Company Information

As of 6/5/23
Country
U.S.
Headquarters
Boston
Industry
Industrial Machinery
CEO
H. Lawrence Culp Jr.
Website
Company Type
Public
Ticker
GE
Revenues ($M)
$76,555
Profits ($M)
$225
Market Value ($M)
$104,231
Employees
172,000
Market value as of March 31, 2023.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$76,555
3.2%
Profits ($M)
$225
-
Assets ($M)
$187,788
-
Total Stockholder Equity ($M)
$36,366
-

Profit Ratios

Profit as % of Revenues
0.3%
Profits as % of Assets
0.1%
Profits as % of Stockholder Equity
0.6%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
-0.05
EPS % Change (from 2021)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-

Total Return

Total Return to Investors (2022)
-10.9%
Total Return to Investors (5 year, annualized)
-8.1%
Total Return to Investors (10 year, annualized)
-4.3%

General Electric Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2022$74,196-6.8%$-6,520-214.3%$198,874$40,310
2021$79,619-16.4%$5,704$253,452$35,552
2020$95,214-20.8%$-4,979$266,048$28,316
2019$120,268-1.6%$-22,355$309,129$30,981
2018$122,274-3.5%$-5,786-165.5%$377,945$64,263
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