General Electric
RANK
52
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
| Year | Revenues ($M) | Profits ($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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Latest news for General Electric
- 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;
