How much revenue does GE generate?

General Electric annual revenue for 2021 was $74.196B, a 2.16% decline from 2020. General Electric annual revenue for 2020 was $75.833B, a 15.95% decline from 2019. General Electric annual revenue for 2019 was $90.221B, a 7% decline from 2018.

Where does GE get its revenue?

Key Takeaways. GE operates aviation, power, renewable energy, and healthcare businesses. Aviation currently generates the most profit and revenue for GE. GE is focusing on its core industrial businesses and continues to shrink the size of its once-major financial services business.

What caused the decline of GE?

The 2008 financial crisis dealt a huge blow to the company: Its stock fell 42% in 2008, forcing GE to rethink its operations. Warren Buffett even stepped in and invested $3 billion to keep the company afloat.

How is GE doing financially?

The company recorded industrial free cash flow (FCF) of $3.7 billion for the quarter and $5.8 billion for the full year. The FCF measure is closely watched as a sign of the health of GE’s operations and its ability to pay down debts. It fell 66% in 2020 but rebounded 857% in 2021, according to FactSet.

How much did GE make last year?

General Electric annual gross profit for 2020 was $17.962B, a 29.2% decline from 2019. General Electric annual gross profit for 2019 was $25.369B, a 8.11% decline from 2018.

Who does GE own?

What Companies Does General Electric Own? As of 2022, General Electric’s operations are divided into four business segments: GE Power, GE Renewable Energy, GE Healthcare, and GE Aviation. The company plans to separate them into three distinct companies by 2025.

Is GE a failing company?

It turns out that the word “mythic” is the perfect word for GE. The corporation has come crashing to Earth in one of the greatest downfalls in business history. Its workforce has been hollowed out, from 333,000 employees in 2017 to fewer than 174,000 at the end of last year. Its share price has fallen precipitously.

What is Siemens annual revenue?

Siemens AG saw its annual revenue in 2021 increase by almost 12 percent, with its annual revenue surpassing 62 billion euros in the 2021 fiscal year.