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Side-by-side financial comparison of GE HealthCare (GEHC) and Macy's, Inc. (M). Click either name above to swap in a different company.
GE HealthCare is the larger business by last-quarter revenue ($5.1B vs $4.7B, roughly 1.1× Macy's, Inc.). GE HealthCare runs the higher net margin — 8.0% vs 0.2%, a 7.8% gap on every dollar of revenue. On growth, GE HealthCare posted the faster year-over-year revenue change (7.4% vs -0.6%). GE HealthCare produced more free cash flow last quarter ($112.0M vs $-101.0M). Over the past eight quarters, GE HealthCare's revenue compounded faster (3.0% CAGR vs -23.8%).
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
GEHC vs M — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $4.7B |
| Net Profit | $411.0M | $11.0M |
| Gross Margin | 38.5% | 39.4% |
| Operating Margin | 10.0% | 0.9% |
| Net Margin | 8.0% | 0.2% |
| Revenue YoY | 7.4% | -0.6% |
| Net Profit YoY | -31.0% | -60.7% |
| EPS (diluted) | $0.85 | $0.04 |
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.
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.7B | $4.7B | ||
| Q3 25 | $5.1B | $4.8B | ||
| Q2 25 | $5.0B | $4.6B | ||
| Q1 25 | $4.8B | $7.8B | ||
| Q4 24 | $5.3B | $4.7B | ||
| Q3 24 | $4.9B | $4.9B | ||
| Q2 24 | $4.8B | $4.8B |
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $11.0M | ||
| Q3 25 | $446.0M | $87.0M | ||
| Q2 25 | $486.0M | $38.0M | ||
| Q1 25 | $564.0M | $342.0M | ||
| Q4 24 | $721.0M | $28.0M | ||
| Q3 24 | $470.0M | $150.0M | ||
| Q2 24 | $428.0M | $62.0M |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | 39.4% | ||
| Q3 25 | 38.7% | 39.7% | ||
| Q2 25 | 39.6% | 39.2% | ||
| Q1 25 | 42.1% | 35.7% | ||
| Q4 24 | 42.8% | 39.6% | ||
| Q3 24 | 41.7% | 40.5% | ||
| Q2 24 | 41.4% | 39.2% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 0.9% | ||
| Q3 25 | 12.7% | 3.1% | ||
| Q2 25 | 13.1% | 2.0% | ||
| Q1 25 | 13.2% | 6.4% | ||
| Q4 24 | 15.1% | 1.3% | ||
| Q3 24 | 13.9% | 4.5% | ||
| Q2 24 | 12.6% | 2.6% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 0.2% | ||
| Q3 25 | 8.7% | 1.8% | ||
| Q2 25 | 9.7% | 0.8% | ||
| Q1 25 | 11.8% | 4.4% | ||
| Q4 24 | 13.6% | 0.6% | ||
| Q3 24 | 9.7% | 3.0% | ||
| Q2 24 | 8.8% | 1.3% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $0.04 | ||
| Q3 25 | $0.98 | $0.31 | ||
| Q2 25 | $1.06 | $0.13 | ||
| Q1 25 | $1.23 | $1.22 | ||
| Q4 24 | $1.58 | $0.10 | ||
| Q3 24 | $1.02 | $0.53 | ||
| Q2 24 | $0.93 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $447.0M |
| Total DebtLower is stronger | $10.1B | $2.4B |
| Stockholders' EquityBook value | $10.7B | $4.3B |
| Total Assets | $37.1B | $17.1B |
| Debt / EquityLower = less leverage | 0.95× | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $447.0M | ||
| Q3 25 | $4.0B | $829.0M | ||
| Q2 25 | $3.7B | $932.0M | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.9B | $315.0M | ||
| Q3 24 | $3.5B | $646.0M | ||
| Q2 24 | $2.0B | $876.0M |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | $2.4B | ||
| Q3 25 | $10.3B | $2.4B | ||
| Q2 25 | $10.3B | $2.8B | ||
| Q1 25 | $8.8B | $2.8B | ||
| Q4 24 | $9.0B | $2.8B | ||
| Q3 24 | $10.3B | $3.0B | ||
| Q2 24 | $9.2B | $3.0B |
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $4.3B | ||
| Q3 25 | $10.0B | $4.5B | ||
| Q2 25 | $9.7B | $4.5B | ||
| Q1 25 | $9.2B | $4.6B | ||
| Q4 24 | $8.4B | $4.1B | ||
| Q3 24 | $8.3B | $4.3B | ||
| Q2 24 | $7.8B | $4.2B |
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $17.1B | ||
| Q3 25 | $36.1B | $15.6B | ||
| Q2 25 | $35.5B | $16.1B | ||
| Q1 25 | $33.6B | $16.4B | ||
| Q4 24 | $33.1B | $17.3B | ||
| Q3 24 | $33.9B | $15.8B | ||
| Q2 24 | $31.9B | $16.4B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | 0.56× | ||
| Q3 25 | 1.03× | 0.55× | ||
| Q2 25 | 1.06× | 0.62× | ||
| Q1 25 | 0.95× | 0.61× | ||
| Q4 24 | 1.06× | 0.67× | ||
| Q3 24 | 1.24× | 0.70× | ||
| Q2 24 | 1.18× | 0.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-8.0M |
| Free Cash FlowOCF − Capex | $112.0M | $-101.0M |
| FCF MarginFCF / Revenue | 2.2% | -2.1% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | -0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-8.0M | ||
| Q3 25 | — | $319.0M | ||
| Q2 25 | $94.0M | $-64.0M | ||
| Q1 25 | $250.0M | $1.3B | ||
| Q4 24 | — | $-167.0M | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | $-119.0M | $129.0M |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $-101.0M | ||
| Q3 25 | — | $240.0M | ||
| Q2 25 | $8.0M | $-164.0M | ||
| Q1 25 | $98.0M | $1.2B | ||
| Q4 24 | — | $-295.0M | ||
| Q3 24 | — | $-109.0M | ||
| Q2 24 | $-183.0M | $-25.0M |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | 0.2% | -3.6% | ||
| Q1 25 | 2.1% | 15.3% | ||
| Q4 24 | — | -6.2% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | -3.8% | -0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.0% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 3.2% | 1.5% | ||
| Q4 24 | 1.9% | 2.7% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 1.3% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.73× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | 0.19× | -1.68× | ||
| Q1 25 | 0.44× | 3.82× | ||
| Q4 24 | — | -5.96× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | -0.28× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
