General Electric (NYSE: GE) stock is up 125% over the last year and more than 78% in 2023 alone. It's a remarkable performance, all the more so because it comes at a time when its peers have floundered. There's a reason for the company's turnaround in recent years: excellent management and execution. Here's why GE has outperformed and why investors can expect more.

Management can point to improvements across all three of its current segments. As a reminder, GE Vernova (a combination of GE Power and GE Renewable Energy) will be spun off in early 2024, leaving the remaining company as GE Aerospace. The following table breaks out revenue from each segment, with further detail on businesses within the segment. 

Segment

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Source Fool.com