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GE HealthCare

GEHC Clue Score57
United States Fiscal year ends December CIK 0001932393
$65.74 +2.37% Close, 9 Oct 2026
Price $65.74 −3.04% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 4 Jan 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue17.59Operating income2.80Net income2.25EPS, diluted4.95Fiscal year 2022Revenue18.34 +4.3%Operating income2.52Net income1.92 −14.7%EPS, diluted4.22 −14.7%Fiscal year 2023Revenue19.55 +6.6%Operating income2.44Net income1.57 −18.2%EPS, diluted3.03 −28.2%Fiscal year 2024Revenue19.67 +0.6%Operating income2.63Net income1.99 +27.1%EPS, diluted4.34 +43.2%Fiscal year 2025Revenue20.63 +4.8%Operating income2.76Net income2.08 +4.6%EPS, diluted4.55 +4.8%
FY2021FY2022FY2023FY2024FY2025
Revenue 17.59 18.34 19.55 19.67 20.63
Growth +4.3% +6.6% +0.6% +4.8%
Operating income 2.80 2.52 2.44 2.63 2.76
Net income 2.25 1.92 1.57 1.99 2.08
Growth −14.7% −18.2% +27.1% +4.6%
EPS, diluted 4.95 4.22 3.03 4.34 4.55
Growth −14.7% −28.2% +43.2% +4.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin40.8%Operating margin15.9%Net margin12.8%Free cash flow margin7.7%Fiscal year 2022Gross margin39.1%Operating margin13.8%Net margin10.4%Free cash flow margin9.9%Fiscal year 2023Gross margin40.5%Operating margin12.5%Net margin8.0%Free cash flow margin8.8%Fiscal year 2024Gross margin41.7%Operating margin13.3%Net margin10.1%Free cash flow margin7.9%Fiscal year 2025Gross margin40.0%Operating margin13.4%Net margin10.1%Free cash flow margin7.3%
FY2021FY2022FY2023FY2024FY2025
Gross margin 40.8% 39.1% 40.5% 41.7% 40.0%
Operating margin 15.9% 13.8% 12.5% 13.3% 13.4%
Net margin 12.8% 10.4% 8.0% 10.1% 10.1%
Free cash flow margin 7.7% 9.9% 8.8% 7.9% 7.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow1.61Capital expenditure−0.25Free cash flow1.36Dividends paid0.00Fiscal year 2022Operating cash flow2.13Capital expenditure−0.31Free cash flow1.82 +34.2%Dividends paid0.00Fiscal year 2023Operating cash flow2.10Capital expenditure−0.39Free cash flow1.71 −6.0%Buybacks0.00Dividends paid−0.04Fiscal year 2024Operating cash flow1.96Capital expenditure−0.40Free cash flow1.55 −9.3%Buybacks0.00Dividends paid−0.06Fiscal year 2025Operating cash flow1.99Capital expenditure−0.48Free cash flow1.51 −3.2%Buybacks−0.20Dividends paid−0.06
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.61 2.13 2.10 1.96 1.99
Capital expenditure −0.25 −0.31 −0.39 −0.40 −0.48
Free cash flow 1.36 1.82 1.71 1.55 1.51
Growth +34.2% −6.0% −9.3% −3.2%
Buybacks n/a n/a 0.00 0.00 −0.20
Dividends paid 0.00 0.00 −0.04 −0.06 −0.06

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.56Shareholders’ equity16.68Fiscal year 2022Cash1.44Total debt8.24Net cash (debt)−6.80Shareholders’ equity9.36Debt to equity0.88Fiscal year 2023Cash2.49Total debt9.44Net cash (debt)−6.94Shareholders’ equity7.13Debt to equity1.32Fiscal year 2024Cash2.87Total debt8.95Net cash (debt)−6.08Shareholders’ equity8.45Debt to equity1.06Fiscal year 2025Cash4.49Total debt10.00Net cash (debt)−5.51Shareholders’ equity10.38Debt to equity0.96
FY2021FY2022FY2023FY2024FY2025
Cash 0.56 1.44 2.49 2.87 4.49
Total debt n/a 8.24 9.44 8.95 10.00
Net cash (debt) n/a −6.80 −6.94 −6.08 −5.51
Shareholders’ equity 16.68 9.36 7.13 8.45 10.38
Debt to equity n/a 0.88 1.32 1.06 0.96

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.56 1.44 2.49 2.87 4.49
n/a 2.16 1.96 1.94 2.23
n/a 2.00 2.14 n/a n/a
12.89 12.81 12.94 13.14 13.49
n/a 27.54 32.45 33.09 36.91
Growth +17.8% +2.0% +11.5%
Liabilities
n/a 0.01 1.00 1.50 0.50
n/a 8.23 8.44 7.45 9.50
calc n/a 8.24 9.44 8.95 10.00
n/a 17.95 25.14 24.44 26.31
Equity
n/a 0.00 1.33 3.26 5.28
16.68 9.36 7.13 8.45 10.38
Growth −43.9% −23.8% +18.4% +22.9%
Per share and net cash
calc n/a −6.80 −6.94 −6.08 −5.51
n/a 0.0 455.3 457.3 455.7
calc n/a 93,570,000.00 15.67 18.47 22.77

Lines marked calc are worked out here from filed figures; point at one for how.