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General Electric: revenue by segment 2019

Aviation and power are the largest contributors to General Electric’s revenue, which was around 95 billion U.S. dollars in the 2019 fiscal year, down from 97 billion U.S. dollars one year before. In 2018, General Electric was among the top 20 largest companies in the United States in terms of revenue and was a leadingcompany in Massachusetts.

Wings over GE

2017 saw a sudden departure the long time CEO and there has never been any consistent year-on-year growth. However, the strong performance from its aviation business in the following two years, 21.7 percent up from 2017, has made a huge difference in confidence for the conglomerate. Looking forward, it is the ever struggling power business that is likely to be focused on after revenue declined significantly for the second consecutive year. GE will also have the emerging markets of Asia and Africa in their sights. However, in the renewable energy group, there is cause for celebration. General Electric were the number one producer of on-shore wind turbines (over 40,000 units) 2018, and revenue grew by 7 percent the following year. Future wind power generation is expected to continue to grow in the U.S. albeit, unfortunately for the renewable energy team, not at the rate they have seen in more recent times.

General Electric's revenue in FY 2019, by segment

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Source

Release date

February 2020

Region

Worldwide

Survey time period

FY 2019

Supplementary notes

The values have been rounded.

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