GE Aerospace (GE)财务
NYSE · Industrials · Aerospace & Defense · 员工57,000人 · CEO H. Lawrence Culp Jr.
- 股价
- $301.80 -3.59%
- 市值
- $3130亿
- 企业价值
- $3240亿
- 最近财报
- Q3 '26 2026-10-20提交
- 下次财报
- 2027-01-21 EPS预期 $2.03
营收(TTM)$526亿+19.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)19.2%-2.4 百分点 对比去年同期营业利润 $101亿
净利润(TTM)$91亿+12.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$80.2亿+24.4% 对比去年同期资本支出 $14.3亿
稀释EPS(TTM)$8.66+15.3% 对比去年同期最近4个季度之和
净现金-$106亿-14.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $3130亿 EV $3240亿
- 营收
- $526亿 过去12个月
- 营收增速
- +11% FY2026年一致预期
- 净利润率
- 17.3% 净利润 / 营收,TTM
- P/E
- 34.7× 预期 37.0×(FY2026)
- P/S
- 6.0× 股价 / 营收,TTM
- EV / EBITDA
- 25.2× TTM
- 自由现金流
- $80.2亿 过去12个月
- 净利润
- $91亿 过去12个月
- 营收预期
- $507亿 FY2026年一致预期
- 盈利
- 2027-01-21 营收预期 $132亿
- 股息
- $1.66 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-20):营收超预期9.6%,EPS 超预期11.9%营收$141亿,预期$129亿(+9.6%);EPS $2.25,预期$2.01(+11.9%)。
- 营收增长放缓:同比15.5%Q3 '26营收$141亿,此前四个季度的平均值为21.9%。
- 营业利润率19.2%(TTM),较去年同期-2.4 百分点营收增长19.5%,营业利润增长6.4%。
- 资本支出占营收的2.7%(去年为2.5%)最近4个季度投入$14.3亿(同比+29.2%)。自由现金流$80.2亿,相当于净利润的88.1%。
- 股东回报$102亿 = 自由现金流的127.8%回购$85亿(去年为$72.2亿),股息$17.4亿,股权激励$0(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少2.4%Q3 '26稀释股数10.4亿,一年前为10.7亿。
- 净债务 $106亿现金 + 短期投资 $87.6亿,含租赁债务 $193亿;一年前净债务 $92.1亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $141亿 | $122亿 | +15.5% |
| 毛利率 | 35.6% | 36.5% | -0.9 百分点 |
| 营业利润 | $23.7亿 | $28亿 | -15.1% |
| 营业利润率 | 16.8% | 22.9% | -6.1 百分点 |
| 净利润 | $22.9亿 | $21.6亿 | +6.1% |
| 稀释EPS | $2.20 | $2.02 | +8.8% |
| 经营现金流 | $21.5亿 | $25亿 | -14.0% |
| 资本支出 | $3.36亿 | $3.07亿 | +9.4% |
| 自由现金流 | $18.2亿 | $21.9亿 | -17.2% |
| R&D | $4.58亿 | $4.15亿 | +10.4% |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-20| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $141亿 | $129亿 | +9.6% |
| EPS(一致预期口径) | $2.25 | $2.01 | +11.9% |
来自2026-10-20发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Service | $63.5亿 | -31.3% | 63.9% | $220亿 | – | |
| Product | $26.5亿 | -55.3% | 26.7% | $69.9亿 | – | |
| Insurance Revenue | $9.34亿 | +6.3% | 9.4% | $36.4亿 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Commercial Engines And Services Reportable Segment | – | – | $28.9亿 | +21.1% | – | – | $103亿 |
| Defense And Propulsion Technologies Reportable Segment | – | – | $4.75亿 | +8.0% | – | – | $14.6亿 |
| Corporate And Reconciling Items | – | – | -$5.11亿 | -83.2% | – | – | -$8.78亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $94.5亿
- 资本支出
- -$14.3亿
- 股票回购
- -$85亿
- 股息
- -$17.4亿
- 收购
- -$100万
- 债务净发行
- -$13.1亿
- 股权激励费用
- $0
- 自由现金流
- $80.2亿
- 股东回报 / FCF
- 127.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 34.7× | 497.9× 5年中的4年 | 15.1× – 1,911.3× |
| EV / EBITDA | 25.2× | 21.0× 5年中的4年 | 11.5× – 27.9× |
| EV / 营收 | 6.2× | 4.4× | 2.2× – 7.3× |
| 股价 / FCF | 39.1× | 39.3× | 19.3× – 49.2× |
| 股价 / 净资产 | 17.8× | 7.5× | 2.6× – 17.6× |
| FCF收益率 | 2.6% | 2.9% | 2.0% – 5.2% |
| 投入资本回报率 | 10.0% | 4.0% | 0.6% – 8.1% |
| 净资产收益率 | 50.6% | 20.1% | -15.7% – 46.6% |
分析师
一致目标价 $385.00 (+27.6%)
区间 $350.00 – $425.00 · 评级 Buy
强烈买入0
买入24
持有11
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $507亿 | +10.6% | $8.17 | +0.1% | 37.0× | 13 |
| FY2027 | $566亿 | +11.7% | $9.32 | +14.1% | 32.4× | 10 |
| FY2028 | $619亿 | +9.3% | $10.66 | +14.4% | 28.3× | 11 |
| FY2029 | $668亿 | +7.9% | $11.97 | +12.3% | 25.2× | 4 |
| FY2030 | $725亿 | +8.6% | $13.45 | +12.4% | 22.4× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
GE Aerospace在近期10-Q / 10-K文件中标记的全部339项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $110亿 | $94.9亿 | +15.8% | $101亿 | $79.1亿 | +27.4% |
| Accounts Payable, Trade, Current | $60.8亿 | $74亿 | -17.8% | $57.3亿 | $45.7亿 | +25.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.05亿 | $8600万 | +22.1% | $9400万 | $1.06亿 | -11.3% |
| Accounts Receivable, Allowance for Credit Loss, Noncurrent | $1100万 | $1.12亿 | -90.2% | $9600万 | $8500万 | +12.9% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $111亿 | $85.1亿 | +31.0% | $92.7亿 | $73.9亿 | +25.5% |
| Accounts Receivable, before Allowance for Credit Loss, Noncurrent | $2000万 | $1.37亿 | -85.4% | $1.73亿 | $1.22亿 | +41.8% |
| Accrual for Environmental Loss Contingency, Undiscounted, to be Paid, Year One | $2.5亿2025-12-31 | $2.25亿 | +11.1% | $2.5亿 | $2.25亿 | +11.1% |
| Accrual for Environmental Loss Contingency, Undiscounted, to be Paid, Year Two | $2.5亿2025-12-31 | $2.25亿 | +11.1% | $2.5亿 | $2.25亿 | +11.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $110亿 | $103亿 | +7.0% | $4.52亿2012-12-31 | $4.45亿 | +1.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$50.6亿 | -$43.5亿 | -16.3% | -$48亿 | -$38.6亿 | -24.3% |
| Additional Paid in Capital | $229亿 | $236亿 | -3.1% | $236亿 | $243亿 | -2.7% |
| Advances on Inventory Purchases | $7.51亿 | $7.3亿 | +2.9% | $8.67亿 | $5.46亿 | +58.8% |
| Amortization of Intangible Assets | $1.09亿 | $8800万 | +23.9% | $3.57亿 | $3.5亿 | +2.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 100万 | 100万 | 0.0% | 100万 | 600万 | -83.3% |
| Assets | $1270亿 | $1280亿 | -0.8% | $1300亿 | $1230亿 | +5.7% |
| Assets Held by Insurance Regulators | $8亿2025-12-31 | $7亿 | +14.3% | $8亿 | $7亿 | +14.3% |
| Assets, Current | $415亿 | $401亿 | +3.6% | $406亿 | $376亿 | +7.9% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $0 | -$900万 | +100.0% | $4600万 | -$3000万 | +253.3% |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | $0 | $0 | – | $0 | -$9800万 | +100.0% |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | -$5900万 | -$2.13亿 | +72.3% | -$3.77亿 | -$11.1亿 | +66.0% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | -$5100万 | -$5500万 | +7.3% | -$600万 | -$11.1亿 | +99.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $87.6亿 | $125亿 | -29.9% | $124亿 | $136亿 | -9.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $103亿 | $150亿 | -31.5% | $148亿 | $159亿 | -6.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$10.8亿 | $15.3亿 | -170.8% | -$11亿 | -$38.8亿 | +71.7% |
| Commercial Paper | $4.8亿 | – | – | – | – | – |
| Common Stock, Dividends, Per Share, Declared | $0.47 | $0.36 | +30.6% | $1.44 | $1.12 | +28.6% |
| Common Stock, Par or Stated Value Per Share | $0.012025-12-31 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 16.5亿2025-12-31 | 16.5亿 | 0.0% | 16.5亿 | 16.5亿 | 0.0% |
| Common Stock, Shares, Issued | 14.6亿2025-12-31 | 14.6亿 | 0.0% | 14.6亿 | 14.6亿 | 0.0% |
| Common Stock, Shares, Outstanding | 10.3亿 | 10.5亿 | -2.0% | 10.5亿 | 10.7亿 | -2.3% |
| Common Stock, Value, Issued | $1500万 | $1500万 | 0.0% | $1500万 | $1500万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $800万 | -$300万 | +366.7% | -$600万 | -$700万 | +14.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $21.8亿 | $18.3亿 | +18.9% | $77.7亿 | $88.5亿 | -12.2% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $21.9亿 | $18.3亿 | +19.6% | $77.6亿 | $88.4亿 | -12.2% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $35.3亿 | $31.1亿 | +13.4% | $35.1亿 | $29.8亿 | +17.7% |
| Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized | $2.65亿 | -$4300万 | +716.3% | $9.66亿 | $5.19亿 | +86.1% |
| Contract with Customer, Liability, Current | $103亿 | $98.5亿 | +5.0% | $103亿 | $93.5亿 | +10.5% |
| Contract with Customer, Liability, Noncurrent | $9.76亿 | $10.8亿 | -9.7% | $10.7亿 | $10.1亿 | +5.1% |
| Contract with Customer, Liability, Revenue Recognized | $24.5亿 | $19.9亿 | +23.2% | $77.8亿 | $63.4亿 | +22.8% |
| Costs and Expenses | $117亿 | $99.5亿 | +18.0% | $373亿 | $333亿 | +12.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $6.71亿 | $3.1亿 | +116.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $7.09亿 | $4.23亿 | +67.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$7200万 | $4800万 | -250.0% |
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Current | $5.08亿 | $4.97亿 | +2.2% | $4.73亿 | $4.73亿 | 0.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $1.9亿 | $10.4亿 | -81.8% | $9.85亿 | $6.41亿 | +53.7% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $46.2亿 | $25.4亿 | +81.9% | $26.2亿 | $31.5亿 | -16.8% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $249亿 | $243亿 | +2.4% | $248亿 | $250亿 | -1.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $57亿 | $53.8亿 | +5.9% | $52.7亿 | $51.6亿 | +2.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $28.3亿 | $36.5亿 | -22.3% | $34.6亿 | $40亿 | -13.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $6.65亿 | $7.48亿 | -11.1% | $8.43亿 | $8.14亿 | +3.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $126亿 | $154亿 | -18.2% | $147亿 | $140亿 | +4.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $36.9亿 | $24.6亿 | +49.7% | $25.3亿 | $28亿 | -9.7% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $207亿 | $226亿 | -8.0% | $228亿 | $226亿 | +1.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $55.6亿 | $56亿 | -0.7% | $55亿 | $51.6亿 | +6.6% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $28.4亿 | $37.5亿 | -24.1% | $35.6亿 | $40.7亿 | -12.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $6.64亿 | $7.49亿 | -11.3% | $8.47亿 | $8.14亿 | +4.1% |
| Debt Securities, Available-for-sale, Realized Gain | $1100万 | $1100万 | 0.0% | $3500万 | $7500万 | -53.3% |
| Debt Securities, Available-for-sale, Realized Loss | $1500万 | $1200万 | +25.0% | $7600万 | $6600万 | +15.2% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $273亿 | $181亿 | +51.1% | $185亿 | $219亿 | -15.5% |
| Debt, Current | $23.4亿 | $20.7亿 | +13.0% | $16.9亿 | $20.4亿 | -17.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01