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5. General Electric
General Electric
Financials: Latest Results
Rank: 5 (Previous rank: 6)
Compare tool: General Electric vs. Top 10
CEO: Jeffrey R. Immelt
Address: 3135 Easton Turnpike
Fairfield, CT 06828
Phone: 203-373-2211
Website: www.ge.com
For years, critics have complained that far from being a well-diversified conglomerate, GE was really just a financial company disguised as an industrial firm. CEO Jeff Immelt has typically brushed off such complaints, telling FORTUNE in November 2007, for instance, that he saw more opportunity than risk for GE's finance arm (which veers from business loans to real estate investments). "I like our financial hand right now," Immelt said.

Well, a year-and-a-half later, trouble in the finance unit -- which, to be fair, is still profitable -- has cost GE its triple-A credit rating as well as 70% of its stock market valuation. - J.B.

  $ millions % change from 2007
Revenues 183,207.0 3.7
Profits 17,410.0 -21.6
Assets 797,769.0
Stockholders' equity 104,665.0
Market value (3/27/2009) 113,841.4
Profits as % of  
Revenues 9.5
Assets 2.2
Stockholders' equity 16.6
Earnings per share  
2008 $ 1.72
% change from 2007 -20.7
1998-2008 annual growth rate % 6.3
Total return to investors %
2008 -54.2
1998-2008 annual rate -4.8
Rank Company 500
($ millions)
1 General Electric 5 183,207.0
2 Fannie Mae 112 22,652.0
3 International Assets Holding 140 18,358.9
4 Freddie Mac 220 12,302.0
5 Marsh & McLennan 232 11,587.0
6 Aon 307 8,406.0
7 SLM 331 7,689.4
8 Ameriprise Financial 348 7,149.0
9 AmeriCredit 768 2,543.1
10 Annaly Capital Management 810 2,366.3
11 Moody's 984 1,755.4
Issue date: May 4, 2009
Revenues: Includes revenues from discontinued operations.
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Rank # of Fortune 500 Companies
Texas 64
New York 56
California 51
Company 2008 $ (millions)
Exxon Mobil $45,220.0
Chevron $23,931.0
Microsoft $17,681.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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