Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing GE more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
GE Aerospace (GE) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
34
analysts
23 bullish · 0 bearish · 34 covering GE
Strong Buy
0
Buy
23
Hold
11
Sell
0
Strong Sell
0
Consensus Target
$386
+34.7% vs today
Scenario Range
$2 – —
Model bear to bull value window
Coverage
34
Published analyst ratings
Valuation Context
37.9x
Forward P/E · Market cap $299.5B
GE price targets
Three scenarios for where GE stock could go
Current
~$287
Confidence
60 / 100
Updated
May 1, 2026
Where we are now
Current · $287
Bear
$2
Base
$410
Market caseClosest to today
Base case
$410+43.0%
At 54x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$2-99.1%
If investor confidence fades or macro conditions deteriorate, a 38x multiple contraction could push GE down roughly 99% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
GE Aerospace
GE · NYSEIndustrialsAerospace & DefenseDecember year-end
GE Aerospace is a leading manufacturer of aircraft engines and integrated propulsion systems for commercial, military, and business aviation. It generates revenue primarily through engine sales and long-term service agreements — with its commercial engines segment contributing roughly 70% of revenue and defense around 30%. The company's moat lies in its massive installed base of engines requiring ongoing maintenance and its deep technical expertise in complex propulsion systems that create high switching costs for airlines.
Market Cap
$299.5B
Revenue TTM
$48.4B
Net Income TTM
$8.7B
Net Margin
17.9%
GE Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
92%Exceptional
vs consensus estimates
Avg EPS Surprise
+20.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.66/$1.43
Revenue
$11.0B/$9.5B
Q4 2025
EPS
$1.66/$1.46
Revenue
$12.2B/$10.4B
Q1 2026
EPS
$1.57/$1.43
Revenue
$11.9B/$11.2B
Q2 2026
EPS
$1.86/$1.60
Revenue
$11.6B/$10.7B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.66/$1.43 | +16.1% | $11.0B/$9.5B | +15.4% |
| Q4 2025 | $1.66/$1.46 | +13.7% | $12.2B/$10.4B | +17.7% |
| Q1 2026 | $1.57/$1.43 | +9.8% | $11.9B/$11.2B | +5.5% |
| Q2 2026 | $1.86/$1.60 | +16.3% | $11.6B/$10.7B | +8.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$52.0B
+7.4% YoY
FY2
$58.4B
+12.4% YoY
EPS Outlook
FY1
$9.34
+13.1% YoY
FY2
$11.67
+25.0% YoY
Trailing FCF (TTM)$7.5B
FCF Margin: 15.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
GE beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
GE Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $45.9B
Product Mix
Latest annual revenue by segment or product family
Operating Segments
95.7%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Non-US
37.6%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Operating Segments is the largest disclosed segment at 95.7% of FY 2025 revenue, with no year-over-year comparison yet.
Non-US is the largest reported region at 37.6%, with no year-over-year comparison yet.
GE Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Undervalued
Fair value est. $334 — implies +16.5% from today's price.
Upside to Fair Value
16.5%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
GE
35.1x
vs
S&P 500
25.1x
+40% premium
vs Industrials Trailing P/E
GE
35.1x
vs
Industrials
25.7x
+37% premium
vs GE 5Y Avg P/E
Today
35.1x
vs
5Y Average
25.9x
+36% premium
Forward PE
37.9x
S&P 500
19.1x
+99%
Industrials
20.7x
+83%
5Y Avg
—
—
Trailing PE
35.1x
S&P 500
25.1x
+40%
Industrials
25.7x
+37%
5Y Avg
25.9x
+36%
PEG Ratio
2.98x
S&P 500
1.72x
+73%
Industrials
1.64x
+81%
5Y Avg
—
—
EV/EBITDA
30.8x
S&P 500
15.2x
+102%
Industrials
13.7x
+125%
5Y Avg
23.4x
+31%
Price/FCF
41.2x
S&P 500
21.1x
+96%
Industrials
21.2x
+95%
5Y Avg
33.1x
+25%
Price/Sales
6.5x
S&P 500
3.1x
+109%
Industrials
1.6x
+312%
5Y Avg
3.6x
+80%
Dividend Yield
0.47%
S&P 500
1.87%
-75%
Industrials
1.27%
-63%
5Y Avg
0.71%
-33%
| Metric | GE | S&P 500 | Industrials | 5Y Avg GE |
|---|---|---|---|---|
| Forward PE | 37.9x | 19.1x+99% | 20.7x+83% | — |
| Trailing PE | 35.1x | 25.1x+40% | 25.7x+37% | 25.9x+36% |
| PEG Ratio | 2.98x | 1.72x+73% | 1.64x+81% | — |
| EV/EBITDA | 30.8x | 15.2x+102% | 13.7x+125% | 23.4x+31% |
| Price/FCF | 41.2x | 21.1x+96% | 21.2x+95% | 33.1x+25% |
| Price/Sales | 6.5x | 3.1x+109% | 1.6x+312% | 3.6x+80% |
| Dividend Yield | 0.47% | 1.87% | 1.27% | 0.71% |
GE trades above S&P 500 benchmarks on 6 of 6 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolGE Financial Health
Verdict
Exceptional
GE generates $7.5B in free cash flow at a 15.4% margin — 24.7% ROIC signals a durable competitive advantage · returns 3.0% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$48.4B
Revenue Growth
TTM vs prior year
+21.9%
Gross Margin
Gross profit as a share of revenue
34.8%
Operating Margin
Operating income divided by revenue
18.5%
Net Margin
Net income divided by revenue
17.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$8.26
Free Cash Flow (TTM)
Cash generation after capex
$7.5B
FCF Margin
FCF as share of revenue — the primary cash quality signal
15.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
24.7%
ROA
Return on assets, trailing twelve months
6.8%
Cash & Equivalents
Liquid assets on the balance sheet
$12.4B
Net Debt
Total debt minus cash
$8.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.1× FCF
~1.1 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
45.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.0%
Dividend
0.5%
Buyback
2.5%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$7.6B
Dividend / Share
Annualized trailing dividend per share
$1.36
Payout Ratio
Share of earnings distributed as dividends
16.7%
Shares Outstanding
Declining as buybacks retire shares
1.0B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageGE Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Supply Chain & Production
GE Aerospace is exposed to critical supply chain failures, including bottlenecks in high‑end castings and forgings and potential disruptions in key materials such as yttrium. These production risks could delay engine deliveries and increase costs, directly impacting revenue and margins.
High Risk
Financial & Corporate
The company carries substantial debt and faces pension and run‑off insurance liabilities that are sensitive to assumptions. Funding or liquidity stress could arise if future capital contributions to insurance subsidiaries exceed estimates or are accelerated by regulators.
Medium
Market & Economic Volatility
GE’s revenue growth is closely tied to global economic expansion. Weakness in emerging markets or a slowdown in China can negatively affect demand for its products, while broader market volatility and geopolitical events can pressure the stock price.
Medium
Operational & Execution
Execution risks are heightened by the company’s current valuation, which may be priced for perfection. Product quality issues or failures, and related costs, pose a threat to operational performance and profitability.
Medium
Regulatory & Legal
GE faces ongoing regulatory scrutiny, including SEC investigations into accounting practices related to its legacy insurance portfolio. The company has already agreed to pay significant penalties to settle charges for disclosure failures and inadequate accounting controls.
Lower
Environmental, Health & Safety
GE maintains a commitment to EHS excellence, evaluating and managing potential risks associated with its operations, products, and services. While the company actively manages these risks, they remain a lower‑priority concern compared to other factors.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why GE Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Aerospace Backlog & Demand
GE Aerospace enjoys a robust backlog of engine orders and services, with commercial orders surging and defense contracts adding stability. Next‑generation engine technology and digital tools are driving recurring services revenue from a growing installed base.
Earnings Beat & Dividend Raise
GE beat earnings expectations and posted solid revenue growth, especially in commercial engine services and equipment. The company also raised its quarterly dividend, underscoring a commitment to shareholder returns.
Aftermarket & Spare Parts Growth
Projections show continued revenue growth for LEAP and CFM56 OEM sales, with aftermarket and spare parts sales expected to expand. GE’s investment in manufacturing capacity aims to convert its large backlog into cash flow.
Digital Tools & Service Revenue
GE Aerospace’s digital tools and next‑generation engine technology are enhancing service revenue streams, supported by a growing installed base that fuels recurring services.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
GE Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$286.68
52W Range Position
57%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$205.92
+39.2% from the low
52-Week High
$348.48
-17.7% from the high
1 Month
-0.70%
3 Month
-6.43%
YTD
-10.6%
1 Year
+37.2%
3Y CAGR
+53.1%
5Y CAGR
+34.2%
10Y CAGR
+7.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
GE vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
37.9x
vs 48.4x median
-22% below peer median
Revenue Growth
+7.4%
vs +12.1% median
-38% below peer median
Net Margin
17.9%
vs 13.8% median
+30% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
GE GE GE Aerospace | $299.5B | 37.9x | +7.4% | 17.9% | Buy | +34.7% |
RTX RTX RTX Corporation | $232.8B | 25.0x | +7.0% | 8.0% | Buy | +30.1% |
HWM HWM Howmet Aerospace Inc. | $97.3B | 52.2x | +12.1% | 18.3% | Buy | +13.2% |
TDG TDG TransDigm Group Incorporated | $67.3B | 30.7x | +12.6% | 21.6% | Buy | +35.8% |
CW CW Curtiss-Wright Corporation | $27.0B | 48.4x | +11.0% | 13.8% | Buy | -2.8% |
BA BA The Boeing Company | $176.9B | 4835.8x | +14.0% | 2.5% | Buy | +17.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
GE Dividend and Capital Return
GE returns capital mainly through $7.6B/year in buybacks (2.5% buyback yield), with a modest 0.47% dividend — combining for 3.0% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.0%
Dividend + buyback return per year
Buyback Yield
2.5%
Dividend Yield
0.47%
Payout Ratio
16.7%
How GE Splits Its Return
Div 0.47%
Buyback 2.5%
Dividend 0.47%Buybacks 2.5%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.36
Growth Streak
Consecutive years of dividend increases
3Y
3Y Div CAGR
93.4%
5Y Div CAGR
48.5%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$7.6B
Estimated Shares Retired
26M
Approx. Share Reduction
2.5%
Shares Outstanding
Current diluted share count from the screening snapshot
1.0B
At 2.5%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.47 | — | — | — |
| 2025 | $1.44 | +28.6% | 2.3% | 2.7% |
| 2024 | $1.12 | +338.9% | 3.2% | 3.7% |
| 2023 | $0.26 | +28.1% | 1.1% | 1.6% |
| 2022 | $0.20 | 0.0% | 1.8% | 3.0% |
FAQ
7 questionsGE Investor Questions
Common questions answered from live analyst data and company financials.
01Is GE Aerospace (GE) stock a buy or sell in 2026?
GE Aerospace (GE) is rated Buy by Wall Street analysts as of 2026. Of 34 analysts covering the stock, 23 rate it Buy or Strong Buy, 11 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $386, implying +34.7% from the current price of $287.
02What is the GE stock price target for 2026?
The Wall Street consensus price target for GE is $386 based on 34 analyst estimates. The high-end target is $425 (+48.2% from today), and the low-end target is $365 (+27.3%). The base case model target is $410.
03Is GE Aerospace (GE) stock overvalued in 2026?
GE trades at 37.9x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for GE Aerospace (GE) stock in 2026?
The primary risks for GE in 2026 are: (1) Supply Chain & Production — GE Aerospace is exposed to critical supply chain failures, including bottlenecks in high‑end castings and forgings and potential disruptions in key materials such as yttrium. (2) Financial & Corporate — The company carries substantial debt and faces pension and run‑off insurance liabilities that are sensitive to assumptions. (3) Market & Economic Volatility — GE’s revenue growth is closely tied to global economic expansion. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is GE Aerospace's revenue and earnings forecast?
Analyst consensus estimates GE will report consensus revenue of $52.0B (+7.4% year-over-year) and EPS of $9.34 (+13.1% year-over-year) for the upcoming fiscal year. The following year, analysts project $58.4B in revenue.
06When does GE Aerospace (GE) report its next earnings?
A confirmed upcoming earnings date for GE is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does GE Aerospace generate?
GE Aerospace (GE) generated $7.5B in free cash flow over the trailing twelve months — a free cash flow margin of 15.4%. GE returns capital to shareholders through dividends (0.5% yield) and share repurchases ($7.6B TTM).