How Does GE HealthCare Make its Money?
GE HealthCare Technologies is a global medical technology company that was spun off from General Electric in January 2023. The company is a leader in diagnostic imaging equipment (MRI, CT scanners, X-ray, ultrasound), patient monitoring systems, pharmaceutical diagnostics contrast agents, and digital health solutions. GE HealthCare serves over 1 million healthcare facilities globally and is investing heavily in AI-powered imaging and precision health — using artificial intelligence to help clinicians detect diseases earlier and more accurately.
GE HealthCare (GEHC) Business Model
GE HealthCare operates in the medical devices sector. Below is a summary of GE HealthCare’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from GE HealthCare’s 2024 fiscal year filings with the SEC.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
GE HealthCare Competitors
GE HealthCare’s key competitors and comparable public companies in the medical devices sector include Abbott Laboratories, Stryker, Intuitive Surgical, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how GE HealthCare stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Imaging | $10,400 | $10,200 | +2.0% |
| Ultrasound | $3,400 | $3,200 | +6.2% |
| Patient Care Solutions | $3,100 | $3,000 | +3.3% |
| Pharmaceutical Diagnostics | $2,300 | $2,200 | +4.5% |
| Total Revenue | $19,600 | $19,600 | +0.0% |
Imaging — 53% of Revenue
Ultrasound — 17% of Revenue
Patient Care Solutions — 16% of Revenue
Pharmaceutical Diagnostics — 12% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $19,600 | $19,600 |
| Cost of Revenue | $10,700 | $10,800 |
| Gross Profit | $8,900 | $8,800 |
| Operating Expenses | $5,600 | $5,700 |
| Operating Income | $3,300 | $3,100 |
| Net Income | $2,100 | $1,800 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 45.4%
- Operating Margin: 16.8%
- Revenue Growth: 0.0%
Is GE HealthCare Profitable?
Yes, GE HealthCare is profitable. The company reported net income of $2,100 on total revenue of $19,600. With an operating margin of 16.8%, GE HealthCare demonstrates solid profitability for the medical devices sector. The gross margin of 45.4% reflects GE HealthCare’s pricing power and cost structure.
What to Watch
- AI-enabled imaging product launches and monetization strategy
- Margin expansion as standalone company achieves operational efficiencies
- China recovery after anti-corruption campaign slowed equipment purchases
- Theranostics segment growth combining diagnostics with targeted therapeutics
GE HealthCare (GEHC) Financial Summary
GE HealthCare (GEHC) is a medical devices company that generated $19,600 in total revenue in fiscal year 2024. Revenue grew 0.0% year-over-year. The company earned $2,100 in net income, making it profitable. For a deeper look at GE HealthCare’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.