Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $79,619 | $74,196 | $76,555 | $67,954 | $38,702 |
| Gross Profit | $19,198 | $59,858 | $61,088 | $53,558 | $31,941 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $5,704 | -$6,520 | $225 | $9,481 | $6,556 |
Over the five-year period, the revenue trend at GE shows notable volatility. Revenues started at USD 79.6 billion in 2020, then declined gradually to USD 74.2 billion in 2021 and USD 76.6 billion in 2022, before experiencing a sharper drop to USD 67.9 billion in 2023 and ultimately USD 38.7 billion in 2024. This nearly 43% year-over-year decline between 2023 and 2024 is marked and could reflect significant operational changes or strategic restructuring. In contrast, gross profit experienced an unexpected surge from USD 19.2 billion in 2020 to USD 59.9 billion in 2021—a more than 200% increase—before gradually falling to USD 32.0 billion in 2024. The steep rise in gross profit without a corresponding increase in revenue margins suggests factors such as cost reduction initiatives or one-off adjustments may have had a significant impact. Net income also displayed considerable swings during the period. After posting USD 5.7 billion in 2020, the firm reported a loss of USD 6.5 billion in 2021, followed by a marginal profit of USD 225 million in 2022. The sharp rebound to USD 9.5 billion in 2023, with a slight contraction to USD 6.6 billion in 2024, indicates improving profitability albeit with pronounced fluctuations. Operating income consistently remaining at zero across all years could indicate the absence of standardized reporting for that metric, potentially due to internal reclassifications or segment reporting practices. Overall, GE’s financial performance suggests a company in the midst of considerable transformation. The revenue and net income volatility, combined with dramatic swings in gross profit margins, point to a period of strategic realignment. For stakeholders, while recent improvements in net income are encouraging, the significant revenue drop in 2024 warrants cautious observation regarding long‐term sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.