GEHC vs PHG: GE HealthCare Technologies and Koninklijke Philips NV ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- GE HealthCare Technologies is the larger company, worth $31.0B, about 1.3 times Koninklijke Philips NV ADR.
- GE HealthCare Technologies grew revenue faster over the last year (+7.4% vs -1.0%).
- GE HealthCare Technologies keeps more of each dollar of revenue as operating profit (12.6% vs 8.0%).
- On earnings, GE HealthCare Technologies is the cheaper stock (16.4x vs 21.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GEHC | PHG |
|---|---|---|
| Market cap | $31.0B | $23.5B |
| Share price | $65.74 | $24.24 |
| Revenue (last fiscal year) | $20.6B | $17.8B |
| Free cash flow (last fiscal year) | $1.5B | — |
| Revenue growth, last year | +7.4% | -1.0% |
| Revenue growth per year, last 5 fiscal years | +4.1% | +1.0% |
| Operating margin | 12.6% | 8.0% |
| Net margin | 9.1% | 5.0% |
| Return on equity | 17.9% | 8.2% |
| P/E (trailing) | 16.4x | 21.2x |
| Price / free cash flow | 20.6x | 26.3x |
| EV / EBITDA | 10.6x | 9.83x |
| FCF growth the price implies | 5.4% | — |
| Dividend yield | 0.22% | 4.1% |
| Debt / equity | 2.46x | 1.46x |
| Fundamental grade | D | D |
| Superinvestors holding it | 9 | 3 |
| Insider purchases, last 12 months | 6 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
GE HealthCare Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $17.6B | $1.4B | 15.9% |
| 2022 | $18.3B | $1.8B | 13.8% |
| 2023 | $19.6B | $1.7B | 12.5% |
| 2024 | $19.7B | $1.6B | 13.3% |
| 2025 | $20.6B | $1.5B | 13.4% |
Koninklijke Philips NV ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $17.2B | — | 3.2% |
| 2022 | $17.8B | — | -8.6% |
| 2023 | $18.2B | — | -0.63% |
| 2024 | $18.0B | — | 2.9% |
| 2025 | $17.8B | — | 8.0% |
Where the revenue comes from
GE HealthCare Technologies · by segments, 2025
Imaging$9.2B45%
AVS$5.4B26%
PCS$3.1B15%
PDx$2.9B14%
Koninklijke Philips NV ADR · by segments, 2025
Diagnosis & Treatment$8.5B48%
Connected Care$5.1B28%
Personal Health$3.7B21%
Other$554M3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GEHC in InvestinglyQuestions
Which is bigger, GE HealthCare Technologies or Koninklijke Philips NV ADR?
GE HealthCare Technologies (GEHC), at $31.0B against $23.5B.
Is GEHC or PHG cheaper?
By trailing P/E, GE HealthCare Technologies (16.4x) is cheaper than Koninklijke Philips NV ADR (21.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, GEHC or PHG?
GE HealthCare Technologies: revenue grew +7.4% over the last year, against -1.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.