NASDAQ$GEHC

GE HealthCare Technologies Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

GE HealthCare reported 2.17% revenue growth in Q4 2024, reaching $5.319 billion. Strong performance in Advanced Visualization Solutions and Pharmaceutical Diagnostics drove results, alongside improved operating and net margins. Adjusted earnings per share grew 22.88% year-over-year.

Headline financials

Total Revenue

$5.32B

No prior period
EPS (adj)

$1.45

No prior period
Net income margin

13.5%

No prior period
Adjusted EBIT margin

18.7%

No prior period
Capital Expenditures

-$102M

No prior period
Net Income

$720M

No prior period
Operating Income

$801M

No prior period
Gross Profit

$2.28B

No prior period
R&D Expense

$344M

No prior period

Revenue & EPS history

GE HealthCare · Revenue · Quarterly

$5.32B

Q4 2024
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

GE HealthCare · $4.01B total across 4 segments · Q3 2023

  • Imaging
    $2.64B+4.7%
  • Patient Care
    $764M+9.0%
  • Pharma Diagnostics
    $589M+12.8%
  • Other
    $19M+35.7%

Forward guidance

GE HealthCare expects 2%-3% organic revenue growth in 2025, with margin expansion and adjusted EPS growth of 3%-6%. The company will continue investing in innovation and operational efficiency.

Tailwinds

  • Expected 2%-3% organic revenue growth
  • Adjusted EBIT margin expansion of 40-50 basis points
  • Adjusted EPS growth of 3%-6%
  • Sustained demand in Pharmaceutical Diagnostics and Advanced Visualization
  • Investment strategy in AI and advanced diagnostics

Headwinds

  • Impact of tariffs on products from China
  • Ongoing market weakness in China
  • Inflationary pressures on operating costs
  • Higher financing costs due to interest rates
  • Increasing competition in the medical diagnostics sector

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.3%

Avg return

30 days after

50%

8 / 16 earnings

Positive

+11.5%

Q4 2021

Best reaction

-12.9%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-12.9%-10.9%-8.9%
Q4 2025+6.4%+0.4%-5.7%
Q3 2025-2.7%-6.2%+0.7%
Q1 2025+3.3%+1.9%+3.6%
Q4 2024+8.8%+7.9%-4.6%
Q3 2024+2.4%+2.0%-2.4%
Q2 2024+0.9%-1.4%+2.6%
Q1 2024-12.0%-10.6%-11.7%
Q4 2021+11.5%+10.8%+26.2%
Q3 2023+8.1%+13.3%+8.4%
Q3 2022+8.1%+13.3%+8.4%
Q2 2023-4.0%-3.4%-15.1%
Q1 2023-8.7%-7.3%-9.0%
Q1 2022-8.7%-7.3%-9.0%
Q2 2022-2.3%+0.8%+4.4%
Q4 2022-0.8%+0.7%+7.4%
Q3 2021
Q2 2021
Q1 2021

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