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General Electric Company  (GE)
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GE's Net Income Growth by Quarter and Year

General Electric's Net Income results by quarter and year




GE Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,591.00 2,237.00 -3,842.00 2,640.00
III Quarter September 335.00 -160.00 1,184.00 -1,195.00
II Quarter June 39.00 -771.00 -1,135.00 -2,132.00
I Quarter March 7,478.00 -1,014.00 -2,798.00 6,233.00
FY   9,443.00 292.00 -6,591.00 5,546.00



GE Net Income fourth quarter 2023 Y/Y Growth Comment
General Electric Company reported fall in Net Income in the fourth quarter 2023 by -28.88% to $ 1,591.00 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 General Electric Company's Net Income compares unfavorably to the Company's average Net Income increase of 16.15%.

Looking into fourth quarter 2023 results within Electric & Wiring Equipment industry 3 other companies have achieved higher Net Income growth. While General Electric Company' s Net Income drop of -28.88% ranks overall at the positon no. 942 in the fourth quarter 2023.




GE Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -28.88 % - - 265.65 %
III Quarter September - - - -
II Quarter June - - - -
I Quarter March - - - 71 %
FY   3133.9 % - - -

Financial Statements
General Electric's fourth quarter 2023 Net Income $ 1,591.00 millions GE's Income Statement
General Electric's fourth quarter 2022 Net Income $ 2,237.00 millions Quarterly GE's Income Statement
New: More GE's historic Net Income Growth >>


GE Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 374.93 % - - -
III Quarter September 758.97 % - - -
II Quarter June -99.48 % - - -
I Quarter March 234.29 % - - 763.3 %
FY (Year on Year)   3133.9 % - - -




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #4
Consumer Discretionary Sector #38
Overall #942

Net Income Y/Y Growth Statistics
High Average Low
736.23 % 16.15 % -84.45 %
(Mar 31 2017)   (Jun 30 2019)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #4
Consumer Discretionary Sector #38
Overall #942
Net Income Y/Y Growth Statistics
High Average Low
736.23 % 16.15 % -84.45 %
(Mar 31 2017)   (Jun 30 2019)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

General Electric's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
3963.77 % 110.76 % -99.48 %
(Jun 30 2016)  


GE's IV. Quarter Q/Q Net Income Comment
General Electric Company achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 374.93%, to $ 1,591.00 millions, from $335.00 millions in the third quarter.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Net Income growth. While General Electric's Net Income growth quarter on quarter, overall rank is 72.


Net Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #3
Overall #72
Net Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #0
Consumer Discretionary Sector #3
Overall #72
Net Income Q/Q Growth Statistics
High Average Low
3963.77 % 110.76 % -99.48 %
(Jun 30 2016)  


GE's IV. Quarter Q/Q Net Income Comment
General Electric Company achieved in the IV. Quarter 2023 above company average sequential Net Income doubling of 374.93%, to $ 1,591.00 millions, from $335.00 millions in the third quarter.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Net Income growth. While General Electric's Net Income growth quarter on quarter, overall rank is 72.


General Electric's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 9,443.00 $ 10,089.00 $ 9,594.00 $ 8,784.00 $ 292.00
Y / Y Net Income Growth (TTM) 3133.9 % - - - -
Year on Year Net Income Growth Overall Ranking # 1 # 0 # 0 # 0 # 0
Seqeuential Net Income Change (TTM) -6.4 % 5.16 % 9.22 % 2908.22 % -
Seq. Net Income Growth (TTM) Overall Ranking # 1 # 13 # 9 # 15 # 0




Cumulative Net Income growth Comment
With 3133.9% annual Net Income growth, General Electric Company would report a record annual Net Income surge if the fiscal year would end on Dec 31 2023.

General Electric Company achieved highest trailing twelve month year on year Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 0 to 1.

Net Income TTM Q/Q Growth Statistics
High Average Low
3133.9 %
20.96 %
-549.31 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 1
Consumer Discretionary Sector # 1
Overall # 1

Net Income TTM Y/Y Growth Statistics
High Average Low
3133.9 %
20.96 %
-549.31 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 1
Cumulative Net Income growth Comment
With 3133.9% annual Net Income growth, General Electric Company would report a record annual Net Income surge if the fiscal year would end on Dec 31 2023.

General Electric Company achieved highest trailing twelve month year on year Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 0 to 1.

Net Income TTM Q/Q Growth Statistics
High Average Low
3133.9 %
20.96 %
-549.31 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 1
Consumer Discretionary Sector # 1
Overall # 1

Net Income TTM Y/Y Growth Statistics
High Average Low
3133.9 %
20.96 %
-549.31 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 1




Other Net Income Growth
Electric & Wiring Equipment Industry Net Income Growth Trends and Statistics
Consumer Discretionary Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GE's Net Income Growth Ratio versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GE's Competitors
Net Income Growth for General Electric's Suppliers
Net Income Growth for GE's Customers

You may also want to know
GE's Annual Growth Rates GE's Profitability Ratios GE's Asset Turnover Ratio GE's Dividend Growth
GE's Roe GE's Valuation Ratios GE's Financial Strength Ratios GE's Dividend Payout Ratio
GE's Roa GE's Inventory Turnover Ratio GE's Growth Rates GE's Dividend Comparisons



Companies with similar Net Income surge for the quarter ending Dec 31 2023 within Consumer Discretionary SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Graybar Electric Company Inc -0.31%$ -0.309 millions
General Motors Company-0.70%$ -0.698 millions
Tapestry Inc -2.30%$ -2.304 millions
Under Armour Inc -6.15%$ -6.146 millions
Lsi Industries Inc -7.96%$ -7.963 millions
Power Solutions International Inc -10.18%$ -10.183 millions
Toyota Motor Corp-13.28%$ -13.276 millions
Bel Fuse Inc-14.27%$ -14.267 millions
Weyco Group inc -16.44%$ -16.435 millions
Standard Motor Products Inc -17.77%$ -17.774 millions
Patrick Industries Inc -23.30%$ -23.303 millions
Tempur Sealy International Inc -24.20%$ -24.195 millions
Columbia Sportswear Company-25.74%$ -25.738 millions
Canada Goose Holdings Inc -27.17%$ -27.167 millions
General Electric Company-28.88%$ -28.878 millions
Johnson Outdoors Inc -32.73%$ -32.727 millions
Borgwarner Inc -37.28%$ -37.276 millions
Ethan Allen Interiors Inc -38.18%$ -38.184 millions
Harley davidson Inc -41.32%$ -41.316 millions
Arrow Electronics Inc -44.58%$ -44.584 millions
Capri Holdings Ltd-53.33%$ -53.333 millions
Brunswick Corporation-57.02%$ -57.022 millions
Universal Security Instruments Inc-70.06%$ -70.064 millions
Jerash Holdings us Inc -73.94%$ -73.937 millions
Wesco International Inc -75.27%$ -75.275 millions
Lci Industries-84.14%$ -84.139 millions
Garrett Motion Inc -92.11%$ -92.105 millions
Fox Factory Holding Corp -92.35%$ -92.351 millions
Emerson Electric Co -94.33%$ -94.325 millions
Luvu Brands Inc -95.83%$ -95.827 millions




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