Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $79,619 | $74,196 | $76,555 | $67,954 | $38,702 |
| Gross Profit | $19,198 | $59,858 | $61,088 | $53,558 | $31,941 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $5,704 | -$6,520 | $225 | $9,481 | $6,556 |
Over the five-year period, General Electric’s revenue and profitability metrics reveal mixed performance with notable volatility. In 2020, the company reported revenue of $79,619 million and a net income of $5,704 million. However, in 2021, revenue declined to $74,196 million while net income swung sharply into a loss of $6,520 million—a significant change exceeding 200% in net income year-over-year that may have resulted from one-off expenses, restructuring costs, or other non-recurring factors. By 2022, revenue showed only a modest recovery to $76,555 million, with net income barely breaking even at $225 million. Interestingly, 2023 saw an improved net income of $9,481 million, despite revenue further declining to $67,954 million, suggesting potential gains from improved cost management or operational efficiencies, even though operating income data remained consistently unavailable or unreported across the period. The most dramatic change, however, occurred in 2024 when revenue plunged to $38,702 million—a drop of approximately 43% from 2023—while gross profit also declined from $53,558 million in 2023 to $31,941 million in 2024, though net income remained positive at $6,556 million. The persistent zero operating income across all years raises questions about the transparency of operational profitability, emphasizing reliance on other financial measures to assess performance. Given the turbulent revenue trends and significant net income fluctuations against the backdrop of an industrial conglomerate navigating rapidly changing market conditions, GE’s financial health appears resilient in terms of net earnings recovery but could face challenges in sustaining operational margins and revenue consistency in the long run.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.