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  • Previous Rank
    24
  • Revenues ($M)
    $140,389
  • Revenue Percent Change
    -5.3%
  • Profits ($M)
    $-6,126
  • Profits Percent Change
    -140.2%
  • Assets ($M)
    $492,692
  • Employees
    333,000

Under long-serving CEO Jeff Immelt, GE is undergoing a major transformation to refocus on its bedrock industrial businesses. In the process, Immelt is dismantling the legacy of his legendary predecessor, Jack Welch. In early 2015, Immelt and his team made the landmark decision to sell most of GE Capital, the lending business built by Welch that once generated half of the conglomerate’s profits but sank under the heavy regulatory regime adopted following the financial crisis. In just eighteen months, Immelt has sold, or reached agreements to shed, $171 billion of the financial arm’s $200 billion in assets. In mid-January 2016, GE agreed to unload another barely profitable bulwark, its consumer appliance franchise, to Haier of China for $5.4 billion. Immelt is betting heavily on lighting homes and powering plants across the globe; in November, GE acquired the power generation arm of France’s Alstom for $10 billion, greatly strengthening its reach in gas-fired, “combined cycle” plants that are driving the industry’s growth. So far, the results are mixed. In the first quarter, three GE staples — jet engines, medical equipment, and power generation — all showed good revenue growth, while two others, oil and gas, and transportation equipment, including locomotives, dropped sharply. All told GE’s industrial profits fell 7% from the first quarter of 2015. Indeed, the strategic thrust is daring, and so far shareholders are applauding: Since the start of 2015, GE’s stock has delivered a 25% return, easily waxing the S&P 500 by 23 points.

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Company Information

CEO
Jeffrey R. Immelt
Sector
Industrials
Industry
Industrial Machinery
HQ Location
Fairfield, CT
Employees333,000
Websitehttp://www.ge.com
Years on Global 500 List22

General Electric Rank History

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Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$140,389-5.3%
Profits ($M)$-6,126-140.2%
Assets ($M)$492,692-
Total Stockholder Equity ($M)$98,274-

Profit Ratios

Profit as % of Revenues-4.4%
Profits as % of Assets-1.2%
Profits as % of Stockholder Equity-6.2%