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GE Aerospace (XPAR:GNE) Pretax Margin % : 11.62% (As of Mar. 2024)


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What is GE Aerospace Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. GE Aerospace's Pre-Tax Income for the three months ended in Mar. 2024 was €1,717 Mil. GE Aerospace's Revenue for the three months ended in Mar. 2024 was €14,769 Mil. Therefore, GE Aerospace's pretax margin for the quarter that ended in Mar. 2024 was 11.62%.

The historical rank and industry rank for GE Aerospace's Pretax Margin % or its related term are showing as below:

XPAR:GNE' s Pretax Margin % Range Over the Past 10 Years
Min: -21.63   Med: 2.92   Max: 15
Current: 8.01


XPAR:GNE's Pretax Margin % is ranked better than
59.41% of 303 companies
in the Aerospace & Defense industry
Industry Median: 5.97 vs XPAR:GNE: 8.01

GE Aerospace Pretax Margin % Historical Data

The historical data trend for GE Aerospace's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GE Aerospace Pretax Margin % Chart

GE Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.06 7.87 -10.09 -1.38 15.00

GE Aerospace Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.82 8.32 1.73 10.34 11.62

Competitive Comparison of GE Aerospace's Pretax Margin %

For the Aerospace & Defense subindustry, GE Aerospace's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GE Aerospace's Pretax Margin % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where GE Aerospace's Pretax Margin % falls into.



GE Aerospace Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

GE Aerospace's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=9345.147/62313.818
=15.00 %

GE Aerospace's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=1716.72/14768.76
=11.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GE Aerospace  (XPAR:GNE) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


GE Aerospace Pretax Margin % Related Terms

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GE Aerospace (XPAR:GNE) Business Description

Address
5 Necco Street, Boston, MA, USA, 02210
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.