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

General Electric's Operating Income results by quarter and year




GE Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 35,639.00 39,050.00 56,019.00 1,745.00
III Quarter September 7,412.00 7,185.00 1,654.00 915.00
II Quarter June 6,720.00 7,873.00 1,191.00 -2,129.00
I Quarter March 6,103.00 5,880.00 1,128.00 1,764.00
FY   55,874.00 59,988.00 59,992.00 2,295.00



GE Operating Income fourth quarter 2023 Y/Y Growth Comment
General Electric Company reported decrease in Operating Income in the fourth quarter 2023 by -8.73% to $ 35,639.00 millions, from the same quarter in 2022.
The decrease in the fourth quarter 2023 General Electric Company's Operating Income compares unfavorably to the Company's average Operating Income doubling of 122.8%.

Looking into fourth quarter 2023 results within Electric & Wiring Equipment industry 3 other companies have achieved higher Operating Income growth. While General Electric Company' s Operating Income decline of -8.73% ranks overall at the positon no. 215 in the fourth quarter 2023.

Explain Operating Income growth


GE Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -8.73 % -30.29 % 3110.26 % -39.37 %
III Quarter September 3.16 % 334.4 % 80.77 % -54.23 %
II Quarter June -14.64 % 561.04 % - -
I Quarter March 3.79 % 421.28 % -36.05 % -36.71 %
FY   -6.86 % -0.01 % 2514.03 % -76.46 %

Financial Statements
General Electric's fourth quarter 2023 Operating Income $ 35,639.00 millions GE's Income Statement
General Electric's fourth quarter 2022 Operating Income $ 39,050.00 millions Quarterly GE's Income Statement
New: More GE's historic Operating Income Growth >>


GE Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 380.83 % 443.49 % 3286.88 % 90.71 %
III Quarter September 10.3 % -8.74 % 38.87 % -
II Quarter June 10.11 % 33.89 % 5.59 % -
I Quarter March -84.37 % -89.5 % -35.36 % -38.71 %
FY (Year on Year)   -6.86 % -0.01 % 2514.03 % -76.46 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #4
Consumer Discretionary Sector #13
Overall #215

Operating Income Y/Y Growth Statistics
High Average Low
3802.59 % 122.8 % -106.89 %
(Mar 31 2022)   (Jun 30 2019)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #4
Consumer Discretionary Sector #13
Overall #215
Operating Income Y/Y Growth Statistics
High Average Low
3802.59 % 122.8 % -106.89 %
(Mar 31 2022)   (Jun 30 2019)

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

General Electric's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
3286.88 % 72.61 % -92.34 %
(Dec 31 2021)  


GE's IV. Quarter Q/Q Operating Income Comment
General Electric Company achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 380.83%, to $ 35,639.00 millions, from $7,412.00 millions in the third quarter.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Operating Income growth. While General Electric's Operating Income growth quarter on quarter, overall rank is 10.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #1
Consumer Discretionary Sector #1
Overall #10
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry #1
Consumer Discretionary Sector #1
Overall #10
Operating Income Q/Q Growth Statistics
High Average Low
3286.88 % 72.61 % -92.34 %
(Dec 31 2021)  


GE's IV. Quarter Q/Q Operating Income Comment
General Electric Company achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 380.83%, to $ 35,639.00 millions, from $7,412.00 millions in the third quarter.

Within Electric & Wiring Equipment industry General Electric Company achieved highest sequential Operating Income growth. While General Electric's Operating Income growth quarter on quarter, overall rank is 10.


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


Operating 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 Operating Income 12 Months Ending $ 55,874.00 $ 59,285.00 $ 59,058.00 $ 60,211.00 $ 59,988.00
Y / Y Operating Income Growth (TTM) -6.86 % -22.96 % -17.32 % -7 % -0.01 %
Year on Year Operating Income Growth Overall Ranking # 155 # 1 # 3 # 1 # 4
Seqeuential Operating Income Change (TTM) -5.75 % 0.38 % -1.91 % 0.37 % -22.05 %
Seq. Operating Income Growth (TTM) Overall Ranking # 215 # 97 # 64 # 649 # 14




Cumulative Operating Income growth Comment
General Electric showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, General Electric's annual Operating Income fall would be -6.86% year on year to $55,874 millions.

Among companies within the Consumer Discretionary sector 5 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1 to 155.

Operating Income TTM Q/Q Growth Statistics
High Average Low
3802.59 %
122.8 %
-106.89 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 4
Consumer Discretionary Sector # 6
Overall # 155

Operating Income TTM Y/Y Growth Statistics
High Average Low
3802.59 %
122.8 %
-106.89 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 13
S&P 500 # 215
Cumulative Operating Income growth Comment
General Electric showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, General Electric's annual Operating Income drop would be -6.86% year on year to $55,874 millions.

Among companies within the Consumer Discretionary sector 5 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1 to 155.

Operating Income TTM Q/Q Growth Statistics
High Average Low
3802.59 %
122.8 %
-106.89 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric & Wiring Equipment Industry # 4
Consumer Discretionary Sector # 6
Overall # 155

Operating Income TTM Y/Y Growth Statistics
High Average Low
3802.59 %
122.8 %
-106.89 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 13
S&P 500 # 215




Other Operating Income Growth
Electric & Wiring Equipment Industry Operating Income Growth Trends and Statistics
Consumer Discretionary Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
GE's Operating Income Growth Ratio versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for GE's Competitors
Operating Income Growth for General Electric's Suppliers
Operating 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 Operating Income drop for the quarter ending Dec 31 2023 within Consumer Discretionary SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Crocs inc -4.79%$ -4.789 millions
Graybar Electric Company Inc -7.26%$ -7.259 millions
General Electric Company-8.73%$ -8.735 millions
Toyota Motor Corp-9.04%$ -9.035 millions
Bel Fuse Inc-9.53%$ -9.532 millions
Kontoor Brands Inc -10.86%$ -10.861 millions
Power Solutions International Inc -11.31%$ -11.311 millions
Lsi Industries Inc -13.49%$ -13.487 millions
Canada Goose Holdings Inc -13.53%$ -13.529 millions
Patrick Industries Inc -15.25%$ -15.247 millions
Tempur Sealy International Inc -17.13%$ -17.131 millions
Aptiv Plc-19.32%$ -19.318 millions
Weyco Group inc -23.62%$ -23.616 millions
Under Armour Inc -26.56%$ -26.557 millions
Columbia Sportswear Company-27.24%$ -27.239 millions
Standard Motor Products Inc -36.69%$ -36.692 millions
Arrow Electronics Inc -39.40%$ -39.403 millions
Ethan Allen Interiors Inc -41.49%$ -41.493 millions
Brunswick Corporation-43.48%$ -43.476 millions
American Axle and Manufacturing Holdings Inc-46.27%$ -46.269 millions
Tesla Inc -47.09%$ -47.090 millions
Capri Holdings Ltd-48.31%$ -48.305 millions
Icahn Enterprises l p -50.95%$ -50.947 millions
Borgwarner Inc -54.29%$ -54.294 millions
Wesco International Inc -62.56%$ -62.556 millions
General Motors Company-64.84%$ -64.841 millions
Jerash Holdings us Inc -71.67%$ -71.673 millions
Universal Security Instruments Inc-72.79%$ -72.794 millions
Emerson Electric Co -74.26%$ -74.255 millions
Fox Factory Holding Corp -80.16%$ -80.157 millions




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