Best answer: Is General Electric profitable?

In 2020, GE generated $606 million in FCF, down 66%, but beating its own guidance. In fact, General Electric turned cash-positive a year ahead of schedule. For full-year 2021, analysts now forecast GE earnings of $2.03 per share, up from just eight cents a share in 2020.

Is GE a profitable company?

2020: COVID-19 Impact

GE’s aviation unit makes airplane engines for Boeing and Airbus, and is GE’s most profitable division, generating $32.9 billion in revenue for the company in 2019. That’s 34% of total revenues.

How much money does General Electric make?

General Electric’s revenue has remained stable over the last several years. However, in 2020, due to the coronavirus pandemic, the total revenue for General Electric (GE) dropped to 79.6 billion U.S. dollars. General Electric is a U.S. conglomerate founded some 128 years ago.

What business is General Electric in?

General Electric Company is an industrial company. The Company operates through its industrial segments, Power, Renewable Energy, Aviation and Healthcare, and its financial services segment, Capital.

Is GE a buy hold or sell?

Bottom line: GE stock is not a buy. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than GE stock. If you want to invest in a large-cap stock, IBD offers several strong ideas here.

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How does GE aviation make money?

The vast majority of GE’s aviation segment relates to building and servicing aircraft engines. In 2019, the business generated $9 billion of its $32.9 billion of revenue from selling engines for commercial jets, with another $15.2 billion coming from commercial engine services.

How much money did GE make last year?

Compare GE With Other Stocks

General Electric Annual Revenue (Millions of US $)
2019 $95,214
2018 $97,012
2017 $99,279
2016 $119,469

Why is GE stock so low?

So, why is GE stock so low? To address at least the COVID part, GE has exposure in aviation, healthcare, oil, venture capital, and other hard-hit industries. The year 2020 was hard for everyone, and even analysts from founder Morgan’s namesake bank say it’s a risky investment for 2021.

Is GE a good company to work for?

GE is a great place to work. The hours are flexible. I feel I have grown both personally and professionally since I began working there. I’ve been a nurse for 25 years and have worked in a few different organizations and GE is by far the best place.

Where does GE make most of its money?

GE provides aviation, power, renewable energy, healthcare, and financial products and services. Aviation generates the most revenue, but healthcare generates the most profit. GE is focusing on its core industrial businesses and continues to shrink the size of its once-major financial services business.

Is General Electric a good brand?

Forbes ranked GE #12 out of 100 global companies, with a $37.2B brand value and $105B brand revenue. Forbes evaluated more than 200 global brands to determine their final list of the 100 most valuable.

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