GE Aerospace

The 2025 filing shows a company whose reported profit is backed by cash, but whose balance sheet has thinned. Net income was $8.7 billion and operating cash flow was $8.54 billion, a ratio of 0.98, which means nearly every dollar of reported profit converted to operating cash in the year. Revenue growth of 18.5%, from $38.7 billion to $45.85 billion, is a simple year-over-year calculation that matches the provided figures. The Beneish M-Score is -2.290, below the -1.78 threshold, so its label reads not in the elevated manipulation-risk zone. In plain terms, this screening model did not flag the accounts for a closer read; it is a statistical screen, not proof that anything is or is not manipulated. The Piotroski F-Score, Altman Z-Score and Fog Index are not on file in this dataset, so no values are given for them, and readers may want to check those measures in other sources. The longer history is less steady. Reported revenue was $113.54 billion in 2018 and $95.21 billion in 2019, then $45.85 billion in 2025, and net income was negative in 2018, 2019 and 2021. Equity sits at $18.68 billion against $111.27 billion of liabilities, down from $19.34 billion a year earlier. Because the MD&A excerpt contains only the table of contents and signature pages, the segment, program and legal details that would explain these trends are absent here. Readers may want to look at the full 10-K MD&A and risk factors directly.

Catalyst.According to the reported figures, GE Aerospace's revenue for 2025 reached $45.85 billion, up 18.5% from $38.7 billion in 2024. Net income rose to $8.7 billion from $6.56 billion, and operating cash flow increased to $8.54 billion from $4.71 billion. The MD&A excerpt provided covers only the table of contents and signature pages, so this text does not identify which segments, products or programs drove the growth. Readers may want to look at the full MD&A section of the 10-K filed 2026-01-29 for those drivers.

Hidden risk.The provided data contains no risk-factor text, so this risk comes from the financial statements. Total liabilities were $111.27 billion against total assets of $130.17 billion at year-end 2025, leaving equity of $18.68 billion, down from $19.34 billion in 2024. Long-term debt was $20.47 billion, roughly 1.10 times equity, up from $19.27 billion in 2024. The reported figures also show revenue falling from $113.54 billion in 2018 to $45.85 billion in 2025, so a reader may want to check how durable the 2025 rebound is.