Benzinga
Published Mar 14, 2024 16:00
Updated Mar 14, 2024 17:10
Competitor Analysis: Evaluating General Electric And Competitors In Industrial Conglomerates Industry
Benzinga - by Benzinga Insights, Benzinga Staff Writer.
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating General Electric (NYSE:GE) against its key competitors in the Industrial Conglomerates industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
General Electric Background GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading GE through a breakup of its businesses.
General Electric Co | 21.32 | 6.76 | 2.75 | 5.68% | $2.84 | $5.03 | 15.43% |
Honeywell International Inc | 23.58 | 8.22 | 3.64 | 7.63% | $2.01 | $3.24 | 2.77% |
Steel Partners Holdings LP | 6.06 | 0.84 | 0.52 | 4.47% | $0.08 | $0.2 | 10.48% |
Average | 14.82 | 4.53 | 2.08 | 6.05% | $1.04 | $1.72 | 6.62% |
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.dividend-frequency { font-size: 12px; color: #6c757d; } By analyzing General Electric, we can infer the following trends:
The debt-to-equity (D/E) ratio provides insights into the proportion of debt a company has in relation to its equity and asset value.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
In light of the Debt-to-Equity ratio, a comparison between General Electric and its top 4 peers reveals the following information:
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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