GE Aerospace (GE) Q3 2025 Earnings: The Pure Play is Flying High

Summary: GE Aerospace is Vindicating the Thesis

GE Aerospace (GE) just delivered a blowout Q3 2025, solidifying its position as the ultimate pure-play on the structural recovery of global air travel. These results are the clearest confirmation yet that the high-margin jet engine services business—the structural core of our thesis—is delivering phenomenal leverage.

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Adjusted revenue soared 26% YoY to $11.3 billion, demonstrating masterful execution against their huge backlog.

The key takeaway?

Commercial Engines & Services (CES) revenue surged 28%, an outperformance that tells you all you need to know: every increasing flight hour is translating directly into GE’s lucrative aftermarket cash machine.

Adjusted EPS came in at a blistering $1.66 (up 44% YoY). Most critically, the earnings quality was stellar, with $2.4 billion in Free Cash Flow (up 30% YoY) and an FCF conversion rate topping 130%. Management didn’t hesitate to raise their full-year guidance for both profit and cash flow. This is a business hitting its inflection point and executing flawlessly.