GE Aerospace Stock vs Competition: Who Wins?
GE Aerospace stock has delivered strong returns over the past year, closely trailing sector leader RTX, but how does its momentum measure up against diversified aerospace and defense peers? A closer look reveals GE‘s leading revenue growth and impressive operating margins. However, its premium valuation, evidenced by a high P/E ratio, suggests future upside may depend on sustaining this robust performance against peers like Honeywell and Lockheed Martin, which offer more moderate valuations, as the broader industry navigates evolving demand.
- GE’s 20.5% operating margin is highest among peers, driven by its dominant narrow-body engine share and high-margin aftermarket services.
- GE’s 17.7% revenue growth, outpacing peers, is fueled by strong commercial engine deliveries and robust demand for aftermarket services.
- GE’s 57.5% stock gain and 38.7 PE reflect investor optimism in its focused aerospace future and high-margin MRO, despite RTX’s stronger returns.
Here’s how GE Aerospace stacks up across size, valuation, and profitability versus key peers.
| GE | RTX | HON | BA | LMT | NOC | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 312.1 | 263.7 | 141.4 | 191.1 | 137.7 | 95.9 |
| Revenue ($ Bil) | 43.9 | 86.0 | 40.7 | 80.8 | 73.3 | 40.9 |
| PE Ratio | 38.7 | 40.0 | 23.1 | -19.4 | 32.8 | 23.9 |
| LTM Revenue Growth | 17.7% | 8.8% | 7.5% | 10.2% | 2.9% | -0.1% |
| LTM Operating Margin | 20.5% | 10.3% | 18.9% | -10.4% | 8.2% | 10.0% |
| LTM FCF Margin | 14.7% | 5.5% | 15.2% | -7.9% | 6.3% | 4.5% |
| 12M Market Return | 57.5% | 60.8% | 8.1% | 43.8% | 22.4% | 35.8% |
For more details on GE Aerospace, read Buy or Sell GE Stock. Below we compare GE’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| GE | 17.7% | 9.5% | 21.3% | -48.4% |
| RTX | 8.8% | 17.1% | 2.8% | 4.2% |
| HON | 7.5% | 5.0% | 3.4% | 3.1% |
| BA | 10.2% | -14.5% | 16.8% | 6.9% |
| LMT | 2.9% | 5.1% | 2.4% | -1.6% |
| NOC | -0.1% | 4.4% | 7.3% | 2.6% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| GE | 20.5% | 17.5% | 13.3% | 12.3% |
| RTX | 10.3% | 8.1% | 5.2% | 8.2% |
| HON | 18.9% | 19.9% | 19.3% | 18.1% |
| BA | -10.4% | -16.3% | -1.1% | -5.3% |
| LMT | 8.2% | 9.9% | 12.6% | 12.7% |
| NOC | 10.0% | 10.6% | 6.5% | 9.8% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| GE | 38.7 | 51.0 | 19.2 | 332.3 |
| RTX | 40.0 | 51.2 | 51.6 | 23.9 |
| HON | 23.1 | 22.3 | 26.5 | 28.6 |
| BA | -19.4 | -11.9 | -48.3 | -31.4 |
| LMT | 32.8 | 21.6 | 17.6 | 20.9 |
| NOC | 23.9 | 20.1 | 34.6 | 14.8 |
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