GE HealthCare reported $16.1B of remaining performance obligations at 30 Sep 2026, up 7% from a year earlier and flat from the previous quarter. That is 0.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: -$5.00M.
Over the last twelve months it turned about 138% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 19.5% of the backlog.
Twelve-month book-to-bill: 1.05, i.e. 1.05 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -0 points — revenue is catching up with orders.
By backlog size it ranks 56th among US filers the cockpit tracks.
GE HealthCare backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$16.1B
$21.6B
0.7 yrs
$3.15B
30 Jun 2026
$16.1B
$21.3B
0.8 yrs
$3.06B
31 Mar 2026
$15.8B
$21.0B
0.8 yrs
$2.97B
31 Dec 2025
$15.7B
$20.6B
0.8 yrs
$2.90B
30 Sep 2025
$15.1B
$20.2B
0.7 yrs
$2.78B
30 Jun 2025
$15.3B
$20.0B
0.8 yrs
$2.72B
31 Mar 2025
$14.9B
$19.8B
0.8 yrs
$2.61B
31 Dec 2024
$14.5B
$19.7B
0.7 yrs
$2.63B
30 Sep 2024
$14.6B
$19.6B
0.7 yrs
$2.62B
30 Jun 2024
$14.5B
$19.5B
0.7 yrs
$2.56B
31 Mar 2024
$14.3B
$19.5B
0.7 yrs
$2.57B
31 Dec 2023
$14.7B
$19.6B
0.7 yrs
$2.62B
Questions
What is GE HealthCare's backlog?
GE HealthCare reported $16.1B of remaining performance obligations at 30 Sep 2026, up 7% from a year earlier and flat from the previous quarter. That is 0.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
How fast does GE HealthCare's backlog turn into revenue?
Over the last twelve months GE HealthCare recognised revenue equal to about 138% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.