Discontinued — last reported Q4 '24
Gross Profit
General Electric Gross Profit increased by 12.0% to $4.05B in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 26.6%, from $3.20B to $4.05B. Over 3 years (FY 2021 to FY 2024), Gross Profit shows a downward trend with a -10.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.
Detailed definition
Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...
Peer comparison
Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.
gross_profitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.64B | $5.17B | $5.97B | $2.90B | $3.60B | $2.94B | $4.39B | $2.84B | $3.06B | $3.31B | $3.20B | $3.21B | $3.52B | $3.62B | $4.05B |
| QoQ Change | — | +11.5% | +15.4% | -51.4% | +24.2% | -18.5% | +49.5% | -35.3% | +7.9% | +8.1% | -3.3% | +0.3% | +9.7% | +2.7% | +12.0% |
| YoY Change | — | — | — | — | -22.3% | -43.2% | -26.4% | -2.2% | -15.0% | +12.7% | -27.1% | +13.0% | +15.0% | +9.2% | +26.6% |
Business Segments
| Segment | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| Aerospace | $1.15B | $1.28B | $1.43B | $1.33B | $1.48B | $1.71B | $1.60B | $1.53B |
| Power | $320.00M | $141.00M | $693.00M | $75.00M | $377.00M | — | — | — |
| Renewable Energy | -$419.00M | -$934.00M | -$454.00M | -$414.00M | -$359.00M | — | — | — |
| Total | $3.60B | $2.94B | $4.39B | $2.84B | $3.06B | $3.31B | $3.20B | $3.21B |
Aerospace, Power, Renewable Energy were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Gross Profit at Other Companies
Frequently Asked Questions
- What is General Electric's gross profit?
- General Electric (GE) reported gross profit of $4.05B in Q4 2024.
- How has General Electric's gross profit changed year-over-year?
- General Electric's gross profit increased by 26.6% year-over-year, from $3.20B to $4.05B.
- What is the long-term trend for General Electric's gross profit?
- Over 3 years (2021 to 2024), General Electric's gross profit has grown at a -10.8% compound annual growth rate (CAGR), from $20.30B to $14.40B.
- What does gross profit mean?
- The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.