Contract Assets
General Electric Contract Assets decreased by 2.1% to $3.44B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.0%, from $2.94B to $3.44B. Over 5 years (FY 2020 to FY 2025), Contract Assets shows a downward trend with a -9.4% CAGR.
Analysis
How to read this metric
An increase indicates strong progress on long-term service contracts, while a decrease may signal the reaching of billing milestones.
Detailed definition
This represents the company's right to consideration for goods or services transferred to a customer when that right is...
Peer comparison
Common in long-cycle industries like aerospace and defense; peers with similar service models report significant contract assets.
contract_assetsHistorical 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.43B | $5.24B | $4.88B | $4.25B | $4.24B | $3.7B | $2.47B | $2.24B | $2.04B | $1.88B | $2.88B | $1.55B | $2.72B | $2.88B | $2.98B | $2.94B | $3.06B | $3.11B | $3.51B | $3.44B |
| QoQ Change | — | -3.6% | -6.8% | -13.0% | -0.1% | -12.7% | -33.3% | -9.0% | -9.2% | -8.0% | +53.3% | -46.2% | +75.8% | +6.1% | +3.4% | -1.4% | +4.0% | +1.7% | +12.9% | -2.1% |
| YoY Change | — | — | — | — | -21.9% | -29.3% | -49.5% | -47.2% | -52.0% | -49.3% | +16.5% | -31.1% | +33.5% | +53.8% | +3.7% | +90.0% | +12.5% | +7.9% | +17.7% | +17.0% |
Business Segments
| Segment | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| Aerospace | -$3.23B | -$3.59B | $6.68B | -$4.2B | $7.61B | $7.78B | $7.9B | $7.97B |
| Power | $5.47B | $5.37B | $1.76B | $5.03B | $1.85B | $1.85B | $1.81B | $1.79B |
| Renewable Energy | $1.23B | $1.1B | $0 | $1.14B | $0 | $0 | $0 | $0 |
| Total | $4.24B | $3.7B | $2.47B | $2.24B | $2.04B | $1.88B | $2.88B | $1.55B |
Aerospace, Power, Renewable Energy were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Contract Assets at Other Companies
Frequently Asked Questions
- What is General Electric's contract assets?
- General Electric (GE) reported contract assets of $3.44B in Q1 2026.
- How has General Electric's contract assets changed year-over-year?
- General Electric's contract assets increased by 17.0% year-over-year, from $2.94B to $3.44B.
- What is the long-term trend for General Electric's contract assets?
- Over 5 years (2020 to 2025), General Electric's contract assets has grown at a -9.4% compound annual growth rate (CAGR), from $5.76B to $3.51B.
- What does contract assets mean?
- Revenue recognized for work performed that has not yet been formally billed to the customer.