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Side-by-side financial comparison of GE HealthCare (GEHC) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.8B vs $5.1B, roughly 1.7× GE HealthCare). Mastercard runs the higher net margin — 46.1% vs 8.0%, a 38.1% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs 7.4%). Mastercard produced more free cash flow last quarter ($4.9B vs $112.0M). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% CAGR vs 3.0%).
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...
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
GEHC vs MA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $8.8B |
| Net Profit | $411.0M | $4.1B |
| Gross Margin | 38.5% | — |
| Operating Margin | 10.0% | 55.8% |
| Net Margin | 8.0% | 46.1% |
| Revenue YoY | 7.4% | 17.6% |
| Net Profit YoY | -31.0% | 21.5% |
| EPS (diluted) | $0.85 | $4.52 |
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 | $8.8B | ||
| Q3 25 | $5.1B | $8.6B | ||
| Q2 25 | $5.0B | $8.1B | ||
| Q1 25 | $4.8B | $7.3B | ||
| Q4 24 | $5.3B | $7.5B | ||
| Q3 24 | $4.9B | $7.4B | ||
| Q2 24 | $4.8B | $7.0B |
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $4.1B | ||
| Q3 25 | $446.0M | $3.9B | ||
| Q2 25 | $486.0M | $3.7B | ||
| Q1 25 | $564.0M | $3.3B | ||
| Q4 24 | $721.0M | $3.3B | ||
| Q3 24 | $470.0M | $3.3B | ||
| Q2 24 | $428.0M | $3.3B |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.6% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 42.8% | — | ||
| Q3 24 | 41.7% | — | ||
| Q2 24 | 41.4% | — |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 55.8% | ||
| Q3 25 | 12.7% | 58.8% | ||
| Q2 25 | 13.1% | 58.7% | ||
| Q1 25 | 13.2% | 57.2% | ||
| Q4 24 | 15.1% | 52.6% | ||
| Q3 24 | 13.9% | 54.3% | ||
| Q2 24 | 12.6% | 58.0% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 46.1% | ||
| Q3 25 | 8.7% | 45.7% | ||
| Q2 25 | 9.7% | 45.5% | ||
| Q1 25 | 11.8% | 45.2% | ||
| Q4 24 | 13.6% | 44.6% | ||
| Q3 24 | 9.7% | 44.3% | ||
| Q2 24 | 8.8% | 46.8% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $4.52 | ||
| Q3 25 | $0.98 | $4.34 | ||
| Q2 25 | $1.06 | $4.07 | ||
| Q1 25 | $1.23 | $3.59 | ||
| Q4 24 | $1.58 | $3.64 | ||
| Q3 24 | $1.02 | $3.53 | ||
| Q2 24 | $0.93 | $3.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.6B |
| Total DebtLower is stronger | $10.1B | — |
| Stockholders' EquityBook value | $10.7B | $7.7B |
| Total Assets | $37.1B | $54.2B |
| Debt / EquityLower = less leverage | 0.95× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $10.6B | ||
| Q3 25 | $4.0B | $10.3B | ||
| Q2 25 | $3.7B | $9.0B | ||
| Q1 25 | $2.5B | $7.6B | ||
| Q4 24 | $2.9B | $8.4B | ||
| Q3 24 | $3.5B | $11.1B | ||
| Q2 24 | $2.0B | $7.0B |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $10.3B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $9.0B | — | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $9.2B | — |
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $7.7B | ||
| Q3 25 | $10.0B | $7.9B | ||
| Q2 25 | $9.7B | $7.9B | ||
| Q1 25 | $9.2B | $6.7B | ||
| Q4 24 | $8.4B | $6.5B | ||
| Q3 24 | $8.3B | $7.4B | ||
| Q2 24 | $7.8B | $7.4B |
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $54.2B | ||
| Q3 25 | $36.1B | $53.3B | ||
| Q2 25 | $35.5B | $51.4B | ||
| Q1 25 | $33.6B | $48.5B | ||
| Q4 24 | $33.1B | $48.1B | ||
| Q3 24 | $33.9B | $47.2B | ||
| Q2 24 | $31.9B | $42.3B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 1.18× | — |
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 | — | $5.0B |
| Free Cash FlowOCF − Capex | $112.0M | $4.9B |
| FCF MarginFCF / Revenue | 2.2% | 55.5% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $94.0M | $4.6B | ||
| Q1 25 | $250.0M | $2.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | $-119.0M | $3.1B |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | $8.0M | $4.6B | ||
| Q1 25 | $98.0M | $2.2B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | $-183.0M | $3.0B |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | 55.5% | ||
| Q3 25 | — | 63.8% | ||
| Q2 25 | 0.2% | 56.1% | ||
| Q1 25 | 2.1% | 30.6% | ||
| Q4 24 | — | 63.3% | ||
| Q3 24 | — | 68.2% | ||
| Q2 24 | -3.8% | 43.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.3% | ||
| Q3 25 | 2.1% | 2.1% | ||
| Q2 25 | 1.7% | 0.5% | ||
| Q1 25 | 3.2% | 2.2% | ||
| Q4 24 | 1.9% | 1.3% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 1.3% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 0.19× | 1.24× | ||
| Q1 25 | 0.44× | 0.73× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | -0.28× | 0.96× |
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% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
