NASDAQ : GEHC
GE HealthCare Technologies Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 76.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 34.62B
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Financial statements
GE HealthCare Technologies Inc. (GEHC) reported revenue of 21.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 21.64B | 20.62B | 19.67B | 19.55B | 18.34B | 17.59B |
| Cost of Revenue | 13.14B | 12.38B | 11.47B | 11.63B | 11.16B | 10.41B |
| Gross Profit | 8.50B | 8.25B | 8.21B | 7.92B | 7.18B | 7.17B |
| Selling, General & Admin | 4.21B | 3.92B | 3.85B | 3.89B | 3.69B | 3.56B |
| Research & Development | 1.31B | 1.26B | 1.31B | 1.21B | 1.03B | 816.00M |
| Operating Expenses | 5.53B | 5.18B | 5.16B | 5.09B | 4.71B | 4.38B |
| Operating Income | 2.98B | 3.06B | 3.04B | 2.83B | 2.47B | 2.79B |
| Interest Expense | -394.00M | -381.00M | -463.00M | -542.00M | -86.00M | -40.00M |
| Interest & Investment Income | 38.00M | 41.00M | 26.00M | 34.00M | ||
| Earnings From Equity Investments | -2.00M | 3.00M | 8.00M | 11.00M | 13.00M | 27.00M |
| Currency Exchange Gain (Loss) | -41.00M | -59.00M | -42.00M | |||
| Other Non Operating Income (Expenses) | 54.00M | 7.00M | 34.00M | 38.00M | 53.00M | 60.00M |
| EBT Excluding Unusual Items | 2.63B | 2.67B | 2.58B | 2.36B | 2.45B | 2.88B |
| Gain (Loss) on Sale of Investments | 97.00M | |||||
| Other Unusual Items | 141.00M | -4.00M | -1.00M | 65.00M | ||
| Pretax Income | 2.77B | 2.77B | 2.58B | 2.36B | 2.51B | 2.88B |
| Income Tax Expense | 561.00M | 614.00M | 531.00M | 743.00M | 563.00M | 600.00M |
| Earnings From Continuing Operations | 2.21B | 2.15B | 2.05B | 1.62B | 1.95B | 2.27B |
| Earnings From Discontinued Operations | -4.00M | 18.00M | 18.00M | |||
| Net Income to Company | 2.21B | 2.15B | 2.05B | 1.61B | 1.97B | 2.29B |
| Minority Interest in Earnings | -57.00M | -70.00M | -57.00M | -229.00M | -51.00M | -46.00M |
| Net Income | 2.15B | 2.08B | 1.99B | 1.39B | 1.92B | 2.25B |
| Net Income to Common | 2.15B | 2.08B | 1.99B | 1.39B | 1.92B | 2.25B |
| Shares Outstanding (Basic) | 453.75M | 456.00M | 456.00M | 455.00M | 454.00M | 454.00M |
| Shares Outstanding (Diluted) | 455.75M | 458.00M | 459.00M | 458.00M | 454.00M | 454.00M |
| EPS (Basic) | 4.74 | 4.57 | 4.37 | 3.04 | 4.22 | 4.95 |
| EPS (Diluted) | 4.73 | 4.55 | 4.34 | 3.03 | 4.22 | 4.95 |
| Free Cash Flow | 1.89B | 1.50B | 1.55B | 1.71B | 1.80B | 1.36B |
| Free Cash Flow Per Share | 4.14 | 3.29 | 3.38 | 3.74 | 3.97 | 2.99 |
| Dividend Per Share | 0.14 | 0.14 | 0.12 | 0.12 | ||
| Gross Margin | 39.28% | 39.98% | 41.71% | 40.52% | 39.14% | 40.80% |
| Operating Margin | 13.75% | 14.86% | 15.48% | 14.46% | 13.45% | 15.89% |
| Profit Margin | 9.95% | 10.10% | 10.13% | 7.08% | 10.45% | 12.78% |
| Free Cash Flow Margin | 8.73% | 7.30% | 7.88% | 8.77% | 9.83% | 7.73% |
| EBITDA | 3.60B | 3.64B | 3.62B | 3.44B | 3.10B | 3.42B |
| EBITDA Margin | 16.62% | 17.66% | 18.43% | 17.58% | 16.90% | 19.44% |
| D&A For EBITDA | 622.00M | 578.00M | 580.00M | 610.00M | 633.00M | 625.00M |
| EBIT | 2.98B | 3.06B | 3.04B | 2.83B | 2.47B | 2.79B |
| EBIT Margin | 13.75% | 14.86% | 15.48% | 14.46% | 13.45% | 15.89% |
| Effective Tax Rate | 20.24% | 22.18% | 20.57% | 31.47% | 22.41% | 20.87% |
| Revenue as Reported | 21.64B | 20.62B | 19.67B | 19.55B | 18.34B | 17.59B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.83B | 4.49B | 2.87B | 2.49B | 1.44B | 554.00M |
| Cash & Short-Term Investments | 2.83B | 4.49B | 2.87B | 2.49B | 1.44B | 554.00M |
| Accounts Receivable | 4.38B | 4.26B | 3.87B | 3.84B | 3.60B | 3.35B |
| Other Receivables | 556.00M | 493.00M | 403.00M | 369.00M | 291.00M | 338.00M |
| Receivables | 5.03B | 4.85B | 4.36B | 4.31B | 3.99B | 3.79B |
| Inventory | 2.63B | 2.23B | 1.94B | 1.96B | 2.15B | 1.95B |
| Prepaid Expenses | 276.00M | 227.00M | 188.00M | 147.00M | 163.00M | 163.00M |
| Restricted Cash | 28.00M | 20.00M | 16.00M | 10.00M | 5.00M | 2.00M |
| Other Current Assets | 705.00M | 679.00M | 525.00M | 492.00M | 562.00M | 544.00M |
| Total Current Assets | 11.49B | 12.50B | 9.90B | 9.41B | 8.32B | 7.00B |
| Property, Plant & Equipment | 3.22B | 3.09B | 2.55B | 2.50B | 2.31B | 2.23B |
| Long-Term Investments | 383.00M | 351.00M | 373.00M | 357.00M | 322.00M | 341.00M |
| Goodwill | 15.14B | 13.49B | 13.14B | 12.94B | 12.81B | 12.89B |
| Other Intangible Assets | 1.81B | 1.13B | 1.08B | 1.25B | 1.52B | 1.85B |
| Long-Term Accounts Receivable | 213.00M | 211.00M | 208.00M | 168.00M | 119.00M | 71.00M |
| Long-Term Deferred Tax Assets | 4.42B | 4.49B | 4.47B | 4.47B | 1.55B | 1.29B |
| Long-Term Deferred Charges | 254.00M | 200.00M | 84.00M | 77.00M | ||
| Other Long-Term Assets | 1.25B | 1.25B | 1.10B | 1.18B | 387.00M | 372.00M |
| Total Assets | 38.37B | 36.91B | 33.09B | 32.45B | 27.54B | 26.31B |
| Accounts Payable | 3.32B | 3.25B | 3.04B | 2.95B | 2.94B | 2.54B |
| Accrued Expenses | 2.27B | 2.23B | 2.04B | 1.99B | 1.33B | 1.34B |
| Short-Term Debt | 1.00M | 6.00M | 2.00M | 4.00M | 15.00M | |
| Current Portion of Long-Term Debt | 2.00M | 502.00M | 1.50B | 1.00B | 6.00M | |
| Current Portion of Leases | 127.00M | 134.00M | 115.00M | 110.00M | 104.00M | 104.00M |
| Current Income Taxes Payable | 263.00M | 324.00M | 279.00M | 260.00M | ||
| Current Unearned Revenue | 2.25B | 2.10B | 1.94B | 1.92B | 1.90B | 1.86B |
| Other Current Liabilities | 583.00M | 564.00M | 644.00M | 754.00M | 900.00M | 908.00M |
| Total Current Liabilities | 8.81B | 9.11B | 9.55B | 8.98B | 7.19B | 6.76B |
| Long-Term Debt | 9.97B | 9.49B | 7.45B | 8.44B | 8.23B | 31.00M |
| Long-Term Leases | 307.00M | 326.00M | 310.00M | 311.00M | 282.00M | 296.00M |
| Long-Term Unearned Revenue | 895.00M | 803.00M | 686.00M | 705.00M | 630.00M | 632.00M |
| Pension & Post-Retirement Benefits | 5.11B | 5.45B | 5.58B | 5.78B | 549.00M | 751.00M |
| Long-Term Deferred Tax Liabilities | 318.00M | 193.00M | 56.00M | 68.00M | 370.00M | 385.00M |
| Other Long-Term Liabilities | 1.09B | 932.00M | 800.00M | 861.00M | 691.00M | 556.00M |
| Total Liabilities | 26.51B | 26.31B | 24.44B | 25.14B | 17.95B | 9.41B |
| Common Stock | 5.00M | 5.00M | 5.00M | 5.00M | 11.23B | 17.69B |
| Additional Paid-In Capital | 6.80B | 6.71B | 6.58B | 6.49B | ||
| Retained Earnings | 6.79B | 5.28B | 3.26B | 1.33B | ||
| Treasury Stock | -525.00M | -225.00M | -25.00M | |||
| Comprehensive Income & Other | -1.46B | -1.39B | -1.38B | -691.00M | -1.88B | -1.04B |
| Total Common Equity | 11.61B | 10.38B | 8.45B | 7.13B | 9.36B | 16.66B |
| Minority Interest | 251.00M | 220.00M | 206.00M | 177.00M | 235.00M | 241.00M |
| Shareholders' Equity | 11.87B | 10.60B | 8.65B | 7.31B | 9.59B | 16.90B |
| Total Liabilities & Equity | 38.37B | 36.91B | 33.09B | 32.45B | 27.54B | 26.31B |
| Total Debt | 10.41B | 10.46B | 9.38B | 9.86B | 8.63B | 437.00M |
| Net Cash (Debt) | -7.58B | -5.97B | -6.50B | -7.37B | -7.20B | 117.00M |
| Net Cash Per Share | -16.63 | -13.04 | -14.17 | -16.09 | -15.85 | 0.26 |
| Filing Date Shares Outstanding | 452.14M | 455.75M | 457.30M | 455.36M | 453.93M | |
| Total Common Shares Outstanding | 452.13M | 455.74M | 456.96M | 455.34M | ||
| Working Capital | 2.68B | 3.40B | 348.00M | 429.00M | 1.13B | 239.00M |
| Book Value Per Share | 25.69 | 22.77 | 18.48 | 15.67 | ||
| Tangible Book Value | -5.34B | -4.24B | -5.77B | -7.06B | -4.98B | 1.92B |
| Tangible Book Value Per Share | -11.81 | -9.30 | -12.62 | -15.50 | ||
| Land | 142.00M | 144.00M | 66.00M | 70.00M | 70.00M | 77.00M |
| Buildings | 2.25B | 2.14B | 1.94B | 1.96B | 1.89B | 1.76B |
| Machinery | 2.94B | 2.87B | 2.70B | 2.62B | 2.54B | 2.47B |
| Leasehold Improvements | 633.00M | 574.00M | 553.00M | 565.00M | 489.00M | 394.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.15B | 2.08B | 1.99B | 1.39B | 1.92B | 2.25B |
| Depreciation & Amortization | 622.00M | 578.00M | 580.00M | 610.00M | 633.00M | 625.00M |
| Loss (Gain) From Sale of Investments | -97.00M | |||||
| Stock-Based Compensation | 152.00M | 130.00M | 125.00M | 114.00M | 67.00M | 76.00M |
| Other Operating Activities | -281.00M | -351.00M | -592.00M | -186.00M | -329.00M | 18.00M |
| Change in Accounts Receivable | -421.00M | -276.00M | -154.00M | -163.00M | -453.00M | -1.31B |
| Change in Inventory | -355.00M | -142.00M | -81.00M | 111.00M | -402.00M | -435.00M |
| Change in Accounts Payable | 291.00M | 90.00M | 60.00M | -100.00M | 481.00M | 263.00M |
| Change in Unearned Revenue | 210.00M | 81.00M | 68.00M | 26.00M | 138.00M | -21.00M |
| Change in Other Net Operating Assets | 44.00M | -110.00M | -44.00M | 304.00M | 83.00M | 147.00M |
| Operating Cash Flow | 2.42B | 1.99B | 1.95B | 2.10B | 2.11B | 1.61B |
| Capital Expenditures | -526.00M | -482.00M | -401.00M | -387.00M | -310.00M | -248.00M |
| Sale of Property, Plant & Equipment | 1.00M | 4.00M | 15.00M | |||
| Cash Acquisitions | -2.39B | -378.00M | -313.00M | -147.00M | -1.48B | |
| Investment in Securities | -88.00M | -118.00M | -40.00M | -48.00M | -59.00M | |
| Other Investing Activities | 11.00M | -69.00M | -160.00M | 23.00M | -33.00M | -47.00M |
| Investing Cash Flow | -3.00B | -1.05B | -914.00M | -558.00M | -398.00M | -1.76B |
| Short-Term Debt Issued | 1.00M | 9.00M | ||||
| Long-Term Debt Issued | 2.73B | 995.00M | 2.01B | 8.20B | 5.00M | |
| Total Debt Issued | 2.39B | 2.73B | 995.00M | 2.01B | 8.21B | 5.00M |
| Short-Term Debt Repaid | -12.00M | -7.00M | ||||
| Long-Term Debt Repaid | -1.77B | -1.42B | -855.00M | -3.00M | -10.00M | |
| Total Debt Repaid | -2.52B | -1.77B | -1.42B | -867.00M | -3.00M | -17.00M |
| Net Debt Issued (Repaid) | -124.00M | 968.00M | -423.00M | 1.14B | 8.20B | -12.00M |
| Issuance of Common Stock | 24.00M | 37.00M | 33.00M | 34.00M | ||
| Repurchase of Common Stock | -337.00M | -242.00M | -93.00M | -33.00M | ||
| Common Dividends Paid | -64.00M | -64.00M | -55.00M | -41.00M | ||
| Other Financing Activities | -46.00M | -81.00M | -34.00M | -1.58B | -9.03B | -251.00M |
| Financing Cash Flow | -547.00M | 618.00M | -572.00M | -478.00M | -822.00M | -263.00M |
| Foreign Exchange Rate Adjustments | -44.00M | 66.00M | -77.00M | -10.00M | -3.00M | -34.00M |
| Miscellaneous Cash Flow Adjustments | -2.00M | -2.00M | -1.00M | |||
| Net Cash Flow | -1.17B | 1.62B | 387.00M | 1.05B | 890.00M | -451.00M |
| Free Cash Flow | 1.89B | 1.50B | 1.55B | 1.71B | 1.80B | 1.36B |
| Free Cash Flow Margin | 8.73% | 7.30% | 7.88% | 8.77% | 9.83% | 7.73% |
| Free Cash Flow Per Share | 4.14 | 3.29 | 3.38 | 3.74 | 3.97 | 2.99 |
| Levered Free Cash Flow | 1.83B | 1.45B | 1.88B | 2.52B | 1.87B | 748.25M |
| Unlevered Free Cash Flow | 2.08B | 1.69B | 2.17B | 2.86B | 1.92B | 773.25M |
| Cash Interest Paid | 559.00M | 522.00M | 550.00M | 570.00M | 21.00M | |
| Cash Income Tax Paid | 377.00M | 429.00M | 491.00M | 474.00M | 851.00M | 615.00M |
| Change in Working Capital | -231.00M | -357.00M | -151.00M | 178.00M | -153.00M | -1.36B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 34.62B | 37.36B | 35.72B | 35.20B | 26.55B | |
| Enterprise Value | 42.20B | 44.33B | 43.10B | 43.59B | 26.63B | |
| Last Close Price | 76.57 | 81.86 | 77.88 | 76.91 | 58.00 | |
| PE Ratio | 16.19 | 17.93 | 17.92 | 25.41 | 13.86 | |
| Forward PE | 14.31 | 17.05 | 17.25 | 19.17 | ||
| PS Ratio | 1.60 | 1.81 | 1.82 | 1.80 | 1.45 | |
| PB Ratio | 2.98 | 3.52 | 4.13 | 4.82 | 2.77 | |
| P/FCF Ratio | 18.33 | 24.82 | 23.04 | 20.54 | 14.72 | |
| P/OCF Ratio | 14.34 | 18.80 | 18.31 | 16.75 | 12.56 | |
| PEG Ratio | 1.50 | 2.24 | 2.00 | 2.18 | ||
| EV/Sales Ratio | 1.95 | 2.15 | 2.19 | 2.23 | 1.45 | |
| EV/EBITDA Ratio | 11.73 | 12.17 | 11.89 | 12.68 | 8.59 | |
| EV/EBIT Ratio | 14.19 | 14.47 | 14.15 | 15.41 | 10.79 | |
| EV/FCF Ratio | 22.34 | 29.45 | 27.80 | 25.43 | 14.77 | |
| Debt / Equity Ratio | 0.88 | 0.99 | 1.08 | 1.35 | 0.90 | 0.03 |
| Debt / EBITDA Ratio | 2.71 | 2.69 | 2.41 | 2.69 | 2.60 | 0.12 |
| Debt / FCF Ratio | 5.51 | 6.95 | 6.05 | 5.75 | 4.79 | 0.32 |
| Net Debt / Equity Ratio | 0.64 | 0.56 | 0.75 | 1.01 | 0.75 | -0.01 |
| Net Debt / EBITDA Ratio | 2.11 | 1.64 | 1.79 | 2.14 | 2.32 | -0.03 |
| Net Debt / FCF Ratio | 4.01 | 3.97 | 4.20 | 4.30 | 3.99 | -0.09 |
| Asset Turnover | 0.58 | 0.59 | 0.60 | 0.65 | 0.68 | 0.70 |
| Inventory Turnover | 5.33 | 5.93 | 5.88 | 5.65 | 5.44 | 5.88 |
| Quick Ratio | 0.88 | 1.01 | 0.75 | 0.75 | 0.74 | 0.63 |
| Current Ratio | 1.30 | 1.37 | 1.04 | 1.05 | 1.16 | 1.03 |
| Return on Equity (ROE) | 20.01% | 22.38% | 25.69% | 19.15% | 14.72% | 14.28% |
| Return on Assets (ROA) | 4.99% | 5.47% | 5.81% | 5.89% | 5.73% | 6.91% |
| Return on Invested Capital (ROIC) | 12.13% | 15.03% | 16.21% | 12.32% | 11.40% | 14.37% |
| Return on Capital Employed (ROCE) | 10.10% | 11.00% | 12.90% | 12.00% | 12.10% | 14.30% |
| Earnings Yield | 6.18% | 5.58% | 5.58% | 3.94% | 7.22% | |
| FCF Yield | 5.46% | 4.03% | 4.34% | 4.87% | 6.79% | |
| Dividend Yield | 0.21% | 0.17% | 0.16% | 0.15% | ||
| Payout Ratio | 3.38% | 3.07% | 2.76% | 2.96% | ||
| Buyback Yield / Dilution | 0.55% | 0.22% | -0.22% | -0.88% | ||
| Total Shareholder Return | 0.76% | 0.39% | -0.06% | -0.73% |