GE Aerospace delivered a strong fourth quarter and an outstanding full year in 2025, driven by significant growth in orders, revenue, and free cash flow, positioning the company for continued expansion in 2026.
Full year 2025 total orders increased 32% to $66.2B, with strong momentum continuing into 2026.
positiveFull year 2025 adjusted revenue grew 21% to $42.3B, and Q4 adjusted revenue grew 20% to $11.9B.
positiveFull year 2025 adjusted EPS increased 38% to $6.37, and Q4 adjusted EPS increased 19% to $1.57.
positiveFull year 2025 free cash flow increased 24% to $7.7B, with conversion exceeding 100% for both the full year and Q4.
positiveCommercial Engines & Services (CES) revenue grew 24% YoY for the full year and 31% in Q4, driven by higher shop visit revenue and spare parts availability.
positiveDefense & Propulsion Technologies (DPT) revenue grew 11% YoY for the full year and 13% in Q4.
positiveQ4 Operating Profit Margin compressed by 90 bps YoY to 19.2%, primarily due to lower spare engine ratio, higher install deliveries (including GE9X), and increased R&D in CES.
attentionCES operating profit margin contracted 420 bps YoY in Q4, despite revenue growth, due to a combination of factors including lower spare engine ratio and increased R&D.
attentionDPT operating profit margin decreased 70 bps YoY in Q4, impacted by investments and inflation offsetting volume, customer mix, and price.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Commercial Engines & Services (CES) | $9468000.0B | $7650000.0B | +23.8% | 76.9% |
Defense & Propulsion Technologies (DPT) | $2839000.0B | $2523000.0B | +12.5% | 23.1% |
| Total Revenue | $12307000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
With a strong fourth quarter, GE Aerospace delivered an outstanding year as revenue grew 21%, EPS was up 38%, and free cash flow conversion exceeded 100%.
Our performance demonstrates how FLIGHT DECK is taking hold as we accelerated services and equipment output to fulfill our growing backlog of roughly $190 billion.
We enter 2026 with solid momentum to build upon these results and are well positioned to create greater value for our customers.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.