GE's sales have decreased 4.3% in the past 12 months as its net income rose 5.6% and earnings per share advanced 13%. GE's fourth-quarter net margin widened from 7.3% to 11%. Its trailing 12-month pre-tax margin, at 9.5%, ranks in the 70th percentile for industrial conglomerates. GE generated $150 billion of 2010 revenue and more than $14 billion of pre-tax income. Yet, it paid a paltry $4 million in current taxes to the U.S. and deferred expenses of $1 billion. GE had an effective tax rate of 7.4% for 2010.
10 Companies Paying the Least in Taxes
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts