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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
40.8% 39.1% 40.5% 41.7% 40.0%
15.9% 13.8% 12.5% 13.3% 13.4%
16.3% 13.7% 12.1% 13.1% 13.4%
12.8% 10.4% 8.0% 10.1% 10.1%
7.7% 9.9% 8.8% 7.9% 7.3%
Spending
4.6% 5.6% 6.2% 6.7% 6.1%
20.3% 19.8% 21.9% 21.7% 20.5%
1.4% 1.7% 2.0% 2.0% 2.3%
20.9% 22.4% 31.5% 20.6% 22.2%
Returns
13.5% 20.5% 22.0% 23.6% 20.1%
n/a 7.0% 4.8% 6.0% 5.6%
Balance and payout
n/a 0.88 1.32 1.06 0.96
n/a 65.2% 77.5% 73.9% 71.3%
0.0% 0.0% 2.6% 2.8% 3.1%
0.0% 0.0% 2.4% 3.5% 17.5%