Financial Performance - Total revenue for Q4 2025 was $12.7 billion, an increase of 18% year-over-year, while full-year revenue reached $45.9 billion, also up 18%[5] - GAAP profit for Q4 2025 was $2.9 billion, a 24% increase from the previous year, with full-year profit at $10.0 billion, up 31%[5] - Continuing EPS for Q4 2025 was $2.31, reflecting a 32% increase, and full-year EPS was $8.05, also up 32%[5] - Total revenue for 2025 reached $12,717 million, an 18% increase from $10,812 million in 2024[26] - Adjusted revenue for 2025 was $11,865 million, up 20% from $9,879 million in 2024[26] - Net income for 2025 was $2,452 million, representing a 29% increase from $1,905 million in 2024[30] - Operating profit for 2025 was $2,273 million, a 14% increase compared to $1,988 million in 2024[26] - Adjusted net income for 2025 was $1,667 million, an increase from $1,433 million in 2024[30] Orders and Revenue Segments - Total orders in Q4 2025 amounted to $27.0 billion, a 74% increase, contributing to full-year orders of $66.2 billion, up 32%[5] - Commercial Engines & Services (CES) revenue for Q4 2025 was $9.5 billion, a 24% increase, with full-year CES revenue at $33.3 billion, also up 24%[13] - Defense & Propulsion Technologies (DPT) orders for Q4 2025 were $4.6 billion, a 61% increase, with full-year DPT orders at $13.4 billion, up 19%[15] Cash Flow and Assets - Free cash flow for Q4 2025 was $1.8 billion, a 15% increase, with full-year free cash flow at $7.7 billion, up 24%[5] - Free cash flow (FCF) for the three months ended December 31, 2025, was $1,760 million, a 15% increase from $1,529 million in 2024; for the twelve months, FCF was $7,694 million, up 24% from $6,203 million in 2024[33] - Cash flows from operating activities (CFOA) for the three months ended December 31, 2025, were $2,096 million, a 59% increase from $1,318 million in 2024; for the twelve months, CFOA was $8,543 million, a 47% increase from $5,817 million in 2024[33] - Total assets increased to $130,169 million in 2025 from $123,140 million in 2024[19] - Current liabilities rose to $38,980 million in 2025, up from $34,392 million in 2024[19] - Total liabilities increased to $111,271 million in 2025, compared to $103,576 million in 2024[19] - Retained earnings grew to $87,663 million in 2025, up from $80,488 million in 2024[19] Future Guidance and Investments - The company expects adjusted revenue growth for 2026 to be in the low double digits, with adjusted EPS guidance of $7.10 to $7.40[9] - The company is investing over $1 billion in its global Maintenance, Repair and Overhaul (MRO) network, including significant investments in LEAP capacity[6] - The company expects to provide guidance for 2026 operating profit, adjusted EPS, and free cash flow, but cannot reconcile non-GAAP measures to GAAP due to uncertainties[35][36][38] Corporate Strategy and Communication - The company has a global installed base of approximately 50,000 commercial and 30,000 military aircraft engines, emphasizing its leadership in aerospace propulsion[47] - The company is committed to innovation in aerospace, focusing on future flight technologies and safety[47] - The company will discuss its results during an investor conference call, which will be available via webcast[46] - The company encourages investors to visit its investor relations website for updated financial information[44]
GE(GE) - 2025 Q4 - Annual Results