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GE HealthCare Technologies Inc. GEHC NDXSPX

Healthcare · Medical Devices · United States
https://www.gehealthcare.com

GE HealthCare Technologies Inc. engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Advanced Visualization Solutions (AVS), Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx). The Imaging segment offers molecular imaging, computed tomography (CT) scanning, magnetic resonance (MR) imaging, X-ray systems, and women's health products. The AVS segment provides ultrasound, image guided therapies, and interventional solutions for screening, diagnosis, treatment, and monitoring of certain diseases in clinical areas, such as women's health, cardiovascular, and comprehensive care ultrasound as well as surgical visualization and guidance products. The PCS segment provides medical devices, consumables, services, and digital solutions. Its portfolio includes patient monitoring, diagnostic cardiology, consumables and services, digital solutions, maternal infant care, and anesthesia products. The PDx segment supplies diagnostic agents, including CT, angiography and X-ray, MR, single-photon emission computed tomography, and positron emission tomography to the radiology and nuclear medicine industries. The segment also provides contrast media pharmaceuticals that are administered to a patient prior to certain diagnostic scans to increase the visibility of tissues or structures during imaging exams; and molecular imaging agents or radiopharmaceuticals, which are molecular tracers labeled with radioisotopes. The company has a strategic collaboration with DeepHealth. GE HealthCare Technologies Inc. was formerly known as GE Healthcare Holding LLC and changed its name to GE HealthCare Technologies Inc. in December 2022. The company was incorporated in 2022 and is headquartered in Chicago, Illinois.

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$62.34
-11.47% 1Y

Market & Price

Market Cap
$28.36B
Current Price
$62.34
High / Low (52W)
$88.08 / $59.48
Beta
0.87

Valuation

Stock P/E
14.95
Industry PE
23.65
Forward P/E
11.61
PEG Ratio
1.76
Book Value
$23.45
Price to Book
2.66
P/S
1.35
EV/EBITDA
10.48
Dividend Yield
0.22%

Profitability & Returns

ROCE
11.54%
ROE
19.46%
ROA
5.17%
Profit Margin
9.10%
Op Margin
11.09%
EPS (Latest Qtr)
$0.85
EPS (TTM)
$4.17

Balance Sheet & Liquidity

Debt/Equity
0.97
Quick Ratio
0.81
Current Ratio
1.22
Debt
$10.58B
Total Assets
$36.91B
Current Assets
$12.50B
Working Capital
$3.40B

Ownership

Promoter Holding
0.36%
Chg in Prom Hold
-
FII / Inst Holding
91.73%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$36.90B
Total Revenue (TTM)
$20.98B
EBITDA
$3.52B
Free Cash Flow
$1.48B
Operating Cash Flow
$2.03B
Shares Outstanding
454.89M
Gross Margin
39.14%
Payout Ratio
4.20%

Growth (CAGR)

Revenue 5Y
3.99%
Profit 5Y
2.84%
Revenue (YoY)
7.40%
Earnings (YoY)
-30.90%

PROS

  • Generates positive free cash flow.

CONS

  • Trading 29.2% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 GEHC GE HealthCare Technologies Inc. NDXSPX 62.34 14.95 $28.36B 0.22% 11.54% 19.46% 3.99% 2.84%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
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Quarterly Results

Figures in USD.

Metric Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 4.34B4.48B4.58B4.71B4.82B4.82B4.65B4.84B--4.78B5.01B5.14B5.70B5.13B
Cost of Revenue ----------2.77B3.02B3.15B3.44B3.15B
Gross Profit 1.68B1.80B1.77B1.89B1.94B1.94B1.90B2.00B--2.01B1.99B1.99B2.26B1.98B
Operating Expenses ----------1.38B1.33B1.34B1.43B1.46B
Operating Income 509.00M631.00M605.00M559.00M570.00M617.00M540.00M608.00M--628.00M654.00M653.00M827.00M515.00M
EBITDA ----------939.00M874.00M902.00M1.07B755.00M
Interest Expense ----------111.00M113.00M111.00M105.00M97.00M
Pretax Income ----------692.00M613.00M643.00M821.00M505.00M
Tax Provision ----------104.00M113.00M179.00M219.00M94.00M
Net Income 389.00M485.00M487.00M372.00M418.00M375.00M374.00M428.00M--564.00M486.00M446.00M589.00M389.00M
Diluted EPS 0.861.071.070.410.910.820.810.93--1.231.060.981.290.85
R&D Expense 238.00M257.00M260.00M270.00M298.00M322.00M324.00M327.00M316.00M-344.00M302.00M292.00M-345.00M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -18.34B19.55B19.67B20.62B
Cost of Revenue -11.16B11.63B11.47B12.38B
Gross Profit -7.18B7.92B8.21B8.25B
Operating Expenses -4.66B5.49B5.58B5.49B
Operating Income -2.52B2.44B2.62B2.76B
EBITDA -3.23B3.51B3.67B3.79B
Interest Expense -86.00M542.00M505.00M440.00M
Pretax Income -2.51B2.36B2.58B2.77B
Tax Provision -563.00M743.00M531.00M614.00M
Net Income -1.92B1.57B1.99B2.08B
Diluted EPS -4.633.034.344.55
R&D Expense 816.00M1.03B1.21B1.31B1.26B

Compounded Sales Growth

5 Years:3.99%
1 Year:7.40%

Compounded Profit Growth

5 Years:2.84%
1 Year:-30.90%

Stock Price Performance

1 Year:-11.47%
6 Months:-21.97%
3 Months:-25.99%
1 Month:+4.80%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --27.54B32.45B33.09B36.91B
Current Assets --8.32B9.41B9.90B12.50B
Cash & Equivalents --1.44B2.49B2.87B4.49B
Inventory --2.15B1.96B1.94B2.23B
Receivables --3.11B3.34B3.38B3.72B
Total Liabilities --17.95B25.14B24.44B26.31B
Current Liabilities --7.19B8.98B9.55B9.11B
Long Term Debt --8.23B8.44B7.45B9.49B
Total Debt --8.63B9.86B9.38B10.46B
Total Equity 14.75B-9.36B7.13B8.45B10.38B
Shares Outstanding --454.00M455.34M457.25M458.84M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -2.11B2.10B1.95B1.99B
Investing Cash Flow --398.00M-558.00M-914.00M-1.05B
Financing Cash Flow --822.00M-478.00M-573.00M617.00M
Capital Expenditure --310.00M-387.00M-401.00M-482.00M
Free Cash Flow -1.80B1.71B1.55B1.50B
Net Change in Cash -893.00M1.06B464.00M1.56B
Share Buybacks --00200.00M
Dividends Paid 0041.00M55.00M64.00M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -39.1%40.5%41.7%40.0%
Operating Margin % -13.8%12.5%13.3%13.4%
Net Margin % -10.4%8.0%10.1%10.1%
ROE % -20.5%22.0%23.6%20.1%
ROCE % -12.4%10.4%11.2%9.9%

Shareholding Pattern

Insiders
0.36%
Institutions
91.73%
Public Float
92.06%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.91% 35.98M $2.24B
2 Dodge & Cox Inc. 6.88% 31.31M $1.95B
3 Vanguard Capital Management LLC 6.35% 28.86M $1.80B
4 Capital Research Global Investors 4.64% 21.11M $1.32B
5 State Street Corporation 4.52% 20.54M $1.28B
6 Vanguard Portfolio Management LLC 4.22% 19.18M $1.20B
7 Harris Associates L.P. 3.43% 15.59M $972.19M
8 Geode Capital Management, LLC 2.73% 12.40M $772.99M
9 Barrow, Hanley Mewhinney & Strauss, LLC 2.61% 11.88M $740.89M
10 Hotchkis & Wiley Capital Management, LLC 2.19% 9.97M $621.40M

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