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Side-by-side financial comparison of GE HealthCare (GEHC) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $5.1B, roughly 1.4× GE HealthCare). U.S. Bancorp runs the higher net margin — 27.8% vs 8.0%, a 19.8% gap on every dollar of revenue. On growth, GE HealthCare posted the faster year-over-year revenue change (7.4% vs 5.1%). Over the past eight quarters, U.S. Bancorp's revenue compounded faster (4.7% 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...

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

GEHC vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.4× larger
USB
$7.4B
$5.1B
GEHC
Growing faster (revenue YoY)
GEHC
GEHC
+2.3% gap
GEHC
7.4%
5.1%
USB
Higher net margin
USB
USB
19.8% more per $
USB
27.8%
8.0%
GEHC
Faster 2-yr revenue CAGR
USB
USB
Annualised
USB
4.7%
3.0%
GEHC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GEHC
GEHC
USB
USB
Revenue
$5.1B
$7.4B
Net Profit
$411.0M
$2.0B
Gross Margin
38.5%
Operating Margin
10.0%
34.4%
Net Margin
8.0%
27.8%
Revenue YoY
7.4%
5.1%
Net Profit YoY
-31.0%
23.0%
EPS (diluted)
$0.85
$1.26

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
GEHC
GEHC
USB
USB
Q1 26
$5.1B
Q4 25
$5.7B
$7.4B
Q3 25
$5.1B
$7.3B
Q2 25
$5.0B
$7.0B
Q1 25
$4.8B
$7.0B
Q4 24
$5.3B
$7.0B
Q3 24
$4.9B
$6.9B
Q2 24
$4.8B
$6.9B
Net Profit
GEHC
GEHC
USB
USB
Q1 26
$411.0M
Q4 25
$588.0M
$2.0B
Q3 25
$446.0M
$2.0B
Q2 25
$486.0M
$1.8B
Q1 25
$564.0M
$1.7B
Q4 24
$721.0M
$1.7B
Q3 24
$470.0M
$1.7B
Q2 24
$428.0M
$1.6B
Gross Margin
GEHC
GEHC
USB
USB
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%
Operating Margin
GEHC
GEHC
USB
USB
Q1 26
10.0%
Q4 25
14.5%
34.4%
Q3 25
12.7%
34.5%
Q2 25
13.1%
32.7%
Q1 25
13.2%
31.0%
Q4 24
15.1%
30.1%
Q3 24
13.9%
30.2%
Q2 24
12.6%
29.9%
Net Margin
GEHC
GEHC
USB
USB
Q1 26
8.0%
Q4 25
10.3%
27.8%
Q3 25
8.7%
27.3%
Q2 25
9.7%
25.9%
Q1 25
11.8%
24.6%
Q4 24
13.6%
23.7%
Q3 24
9.7%
25.0%
Q2 24
8.8%
23.3%
EPS (diluted)
GEHC
GEHC
USB
USB
Q1 26
$0.85
Q4 25
$1.28
$1.26
Q3 25
$0.98
$1.22
Q2 25
$1.06
$1.11
Q1 25
$1.23
$1.03
Q4 24
$1.58
$1.01
Q3 24
$1.02
$1.03
Q2 24
$0.93
$0.97

Balance Sheet & Financial Strength

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

Metric
GEHC
GEHC
USB
USB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$10.1B
Stockholders' EquityBook value
$10.7B
$65.2B
Total Assets
$37.1B
$692.3B
Debt / EquityLower = less leverage
0.95×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEHC
GEHC
USB
USB
Q1 26
Q4 25
$4.5B
Q3 25
$4.0B
Q2 25
$3.7B
Q1 25
$2.5B
Q4 24
$2.9B
Q3 24
$3.5B
Q2 24
$2.0B
Total Debt
GEHC
GEHC
USB
USB
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
Stockholders' Equity
GEHC
GEHC
USB
USB
Q1 26
$10.7B
Q4 25
$10.4B
$65.2B
Q3 25
$10.0B
$63.3B
Q2 25
$9.7B
$61.4B
Q1 25
$9.2B
$60.1B
Q4 24
$8.4B
$58.6B
Q3 24
$8.3B
$58.9B
Q2 24
$7.8B
$56.4B
Total Assets
GEHC
GEHC
USB
USB
Q1 26
$37.1B
Q4 25
$36.9B
$692.3B
Q3 25
$36.1B
$695.4B
Q2 25
$35.5B
$686.4B
Q1 25
$33.6B
$676.5B
Q4 24
$33.1B
$678.3B
Q3 24
$33.9B
$686.5B
Q2 24
$31.9B
$680.1B
Debt / Equity
GEHC
GEHC
USB
USB
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
GEHC
GEHC
USB
USB
Operating Cash FlowLast quarter
$2.8B
Free Cash FlowOCF − Capex
$112.0M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEHC
GEHC
USB
USB
Q1 26
Q4 25
$2.8B
Q3 25
$3.4B
Q2 25
$94.0M
$2.0B
Q1 25
$250.0M
$-285.0M
Q4 24
$4.8B
Q3 24
$972.0M
Q2 24
$-119.0M
$2.9B
Free Cash Flow
GEHC
GEHC
USB
USB
Q1 26
$112.0M
Q4 25
Q3 25
Q2 25
$8.0M
Q1 25
$98.0M
Q4 24
Q3 24
Q2 24
$-183.0M
FCF Margin
GEHC
GEHC
USB
USB
Q1 26
2.2%
Q4 25
Q3 25
Q2 25
0.2%
Q1 25
2.1%
Q4 24
Q3 24
Q2 24
-3.8%
Capex Intensity
GEHC
GEHC
USB
USB
Q1 26
Q4 25
2.4%
Q3 25
2.1%
Q2 25
1.7%
Q1 25
3.2%
Q4 24
1.9%
Q3 24
1.9%
Q2 24
1.3%
Cash Conversion
GEHC
GEHC
USB
USB
Q1 26
Q4 25
1.39×
Q3 25
1.69×
Q2 25
0.19×
1.12×
Q1 25
0.44×
-0.17×
Q4 24
2.87×
Q3 24
0.57×
Q2 24
-0.28×
1.79×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GEHC
GEHC

Imaging revenues$2.3B45%
AVS revenues$1.3B26%
PDx revenues$770.0M15%
PCS revenues$704.0M14%
Other revenues$18.0M0%

USB
USB

Segment breakdown not available.

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