Two of the biggest businesses in the world, General Electric and Siemens, have a long history of rivalry. Both businesses operate on a global scale and are active in a number of sectors, including healthcare, energy, transportation, and others. But the question “Is GE bigger than Siemens?” is frequently asked.
Siemens is currently the largest firm in terms of revenue. Forbes estimates that GE made $79.2 billion in revenue in 2020, compared to Siemens’ $94.2 billion. Revenue alone, however, does not accurately reflect a company’s scale. A company’s market capitalization, which is the sum of the value of its outstanding shares of stock, is higher for GE. GE has a market capitalization of $114.8 billion as of June 2021, while Siemens had a value of $117.2 billion.
Another often asked issue is “Who owns GE aircraft engines?” The answer is that General Electric aircraft engines are owned by GE Aviation, a division of GE. One of the biggest producers of aircraft engines, GE Aviation creates engines for both commercial and military aircraft.
General Electric was the most valuable corporation in the world in 2000. The corporation had a market value of more than $600 billion at that time. The 2008 financial crisis and the deterioration of its financial services segment were just two of the many difficulties the corporation has had to deal with since that time. Due to these issues, GE underwent a restructuring and its market capitalization significantly decreased.
GE divided into three distinct businesses in 2019: GE Aviation, GE Healthcare, and GE Renewable Energy. The remaining entity is simply known as GE and consists of GE’s power and renewable energy operations. The split was a component of a bigger plan to streamline business operations and boost financial performance.
In conclusion, General Electric has a larger market capitalization even though Siemens now has higher revenue. GE aviation engines are owned by General Electric’s division, GE Aviation. General Electric was the most valuable corporation in the world in 2000, but since then, the company has seen many difficulties. As part of a bigger initiative to enhance its financial performance, GE divided into three distinct entities in 2019.