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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and GE Aerospace (GE). Click either name above to swap in a different company.

GE Aerospace is the larger business by last-quarter revenue ($12.4B vs $8.1B, roughly 1.5× Athene Holding Ltd.). On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 24.7%). Over the past eight quarters, GE Aerospace's revenue compounded faster (22.8% CAGR vs 19.2%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, which split into three separate companies between November 2021 and April 2024, adopting the trade name GE Aerospace after divesting its healthcare and energy divisions.

ATHS vs GE — Head-to-Head

Bigger by revenue
GE
GE
1.5× larger
GE
$12.4B
$8.1B
ATHS
Growing faster (revenue YoY)
ATHS
ATHS
+90.3% gap
ATHS
115.1%
24.7%
GE
Faster 2-yr revenue CAGR
GE
GE
Annualised
GE
22.8%
19.2%
ATHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATHS
ATHS
GE
GE
Revenue
$8.1B
$12.4B
Net Profit
$523.0M
Gross Margin
Operating Margin
16.9%
20.4%
Net Margin
6.4%
Revenue YoY
115.1%
24.7%
Net Profit YoY
-48.5%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
GE
GE
Q1 26
$12.4B
Q4 25
$8.1B
$12.7B
Q3 25
$8.0B
$12.2B
Q2 25
$5.4B
$11.0B
Q1 25
$4.2B
$9.9B
Q4 24
$3.8B
$3.7B
Q3 24
$6.5B
$8.9B
Q2 24
$4.7B
$8.2B
Net Profit
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$523.0M
$2.5B
Q3 25
$1.3B
$2.2B
Q2 25
$464.0M
$2.0B
Q1 25
$465.0M
$2.0B
Q4 24
$1.0B
$1.9B
Q3 24
$625.0M
$1.9B
Q2 24
$629.0M
$1.3B
Gross Margin
ATHS
ATHS
GE
GE
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
30.4%
Q2 24
32.2%
Operating Margin
ATHS
ATHS
GE
GE
Q1 26
20.4%
Q4 25
16.9%
22.4%
Q3 25
26.8%
20.6%
Q2 25
12.2%
21.7%
Q1 25
22.3%
22.6%
Q4 24
30.4%
65.0%
Q3 24
25.7%
21.2%
Q2 24
22.0%
17.6%
Net Margin
ATHS
ATHS
GE
GE
Q1 26
Q4 25
6.4%
20.0%
Q3 25
15.7%
17.7%
Q2 25
8.7%
18.4%
Q1 25
11.1%
19.9%
Q4 24
26.8%
51.2%
Q3 24
9.6%
20.7%
Q2 24
13.5%
15.4%
EPS (diluted)
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$2.40
Q3 25
$2.02
Q2 25
$1.89
Q1 25
$1.83
Q4 24
$1.75
Q3 24
$1.70
Q2 24
$1.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
GE
GE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$20.5B
Total Assets
$442.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$7.8B
$18.8B
Q3 25
$7.9B
$18.8B
Q2 25
$7.9B
$17.0B
Q1 25
$6.3B
$17.5B
Q4 24
$6.3B
$17.2B
Q3 24
$5.7B
$18.2B
Q2 24
$5.7B
$18.0B
Stockholders' Equity
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$20.5B
$18.7B
Q3 25
$20.4B
$18.8B
Q2 25
$18.1B
$19.1B
Q1 25
$17.5B
$19.3B
Q4 24
$16.4B
$19.3B
Q3 24
$17.4B
$18.9B
Q2 24
$15.0B
$18.6B
Total Assets
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$442.2B
$130.2B
Q3 25
$429.9B
$128.2B
Q2 25
$405.3B
$125.3B
Q1 25
$381.5B
$124.1B
Q4 24
$363.3B
$123.1B
Q3 24
$355.0B
$126.7B
Q2 24
$332.6B
$123.2B
Debt / Equity
ATHS
ATHS
GE
GE
Q1 26
Q4 25
0.38×
1.01×
Q3 25
0.38×
1.00×
Q2 25
0.43×
0.89×
Q1 25
0.36×
0.91×
Q4 24
0.39×
0.89×
Q3 24
0.33×
0.97×
Q2 24
0.38×
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
GE
GE
Operating Cash FlowLast quarter
$3.0B
Free Cash FlowOCF − Capex
$1.7B
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.82×
TTM Free Cash FlowTrailing 4 quarters
$7.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
GE
GE
Q1 26
Q4 25
$3.0B
$2.3B
Q3 25
$636.0M
$2.5B
Q2 25
$1.1B
$2.2B
Q1 25
$426.0M
$1.5B
Q4 24
$386.0M
$1.3B
Q3 24
$780.0M
$1.5B
Q2 24
$525.0M
$913.0M
Free Cash Flow
ATHS
ATHS
GE
GE
Q1 26
$1.7B
Q4 25
$1.9B
Q3 25
$2.2B
Q2 25
$1.9B
Q1 25
$1.3B
Q4 24
$1.0B
Q3 24
$1.2B
Q2 24
$835.0M
FCF Margin
ATHS
ATHS
GE
GE
Q1 26
13.4%
Q4 25
14.5%
Q3 25
18.0%
Q2 25
17.4%
Q1 25
13.1%
Q4 24
27.7%
Q3 24
13.9%
Q2 24
10.2%
Capex Intensity
ATHS
ATHS
GE
GE
Q1 26
Q4 25
3.4%
Q3 25
2.5%
Q2 25
3.0%
Q1 25
2.1%
Q4 24
7.2%
Q3 24
3.0%
Q2 24
0.9%
Cash Conversion
ATHS
ATHS
GE
GE
Q1 26
Q4 25
5.82×
0.90×
Q3 25
0.51×
1.16×
Q2 25
2.28×
1.11×
Q1 25
0.92×
0.76×
Q4 24
0.38×
0.68×
Q3 24
1.25×
0.81×
Q2 24
0.83×
0.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHS
ATHS

Segment breakdown not available.

GE
GE

Commercial Engines & Services$8.9B72%
Defense & Propulsion Technologies$3.2B26%
Other$258.0M2%

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