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GE Vernova Inc. (GEV) 10-Year Financial Performance & Capital Metrics

GEV • • Utilities
UtilitiesRenewable EnergyGrid, Storage and Power Equipment
AboutGE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.Show more
  • Revenue $38.07B +8.9%
  • EBITDA $2.24B +21.1%
  • Net Income $4.88B +214.7%
  • Free Cash Flow $3.71B +118.3%
  • EBITDA Margin 5.89% +11.1%
  • Net Margin 12.83% +188.9%
  • ROE 42.68% +160.9%
  • Interest Coverage -
  • Debt/Equity -
  • Net Debt/EBITDA -3.95 -11.0%
  • CapEx / Revenue 3.35% +32.7%
  • CapEx Coverage 3.91 +33.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 89 (top 11%)
  • ✓Good 3Y average ROE of 18.2%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Expensive at 19.6x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y8.68%
TTM9%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM214.69%

EPS CAGR

10Y-
5Y-
3Y-
TTM218.74%

ROCE

10Y Avg-2.48%
5Y Avg-2.48%
3Y Avg1.9%
Latest6.63%

Peer Comparison

Grid, Storage and Power Equipment
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GEVGE Vernova Inc.235.46B873.6049.388.94%12.83%39.72%1.58%
CREGSmart Powerr Corp.2.93M1.16-0.64-36.2%-2.58%9.1%0.05
BNRGBrenmiller Energy Ltd10.12M1.25-0.97-100%-150.96%1.08
RAINRain Enhancement Technologies Holdco Inc3.69K2.57-1.12
NRGVEnergy Vault Holdings, Inc.459.62M3.00-3.30-86.47%-172.61%-179.65%0.01
SMRNuScale Power Corporation249.47M12.85-5.92-100%-5.95%-87.38%
FLNCFluence Energy, Inc.800.3M15.54-42-16.15%-2.04%-10.63%0.71

Compare GEV vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs FLNC

Compare head-to-head with Fluence Energy, Inc.

vs NRGV

Compare head-to-head with Energy Vault Holdings, Inc.

Compare Top 5

vs FLNC, NRGV, SMR, BNRG

Profit & Loss

Dec 2022Dec 2023Dec 2024Dec 2025
Revenue+29.65B33.24B34.94B38.07B
Revenue Growth %-12.09%5.13%8.94%
Cost of Revenue26.2B28.42B28.63B30.53B
Gross Profit+3.46B4.82B6.31B7.54B
Gross Margin %----
Gross Profit Growth %-39.33%30.95%19.43%
Operating Expenses+6.34B5.74B5.52B6.15B
Other Operating Expenses----
EBITDA+-1.08B41M1.85B2.24B
EBITDA Margin %----
EBITDA Growth %-103.78%4414.63%21.07%
Depreciation & Amortization+1.8B964M1.06B853M
D&A / Revenue %----
Operating Income (EBIT)+-2.88B-923M787M1.39B
Operating Margin %----
Operating Income Growth %-67.96%185.27%76.37%
Interest Expense+151M98M00
Interest Coverage-19.08x-9.42x--
Interest / Revenue %----
Non-Operating Income1000K1000K1000K1000K
Pretax Income+-2.47B-130M2.5B2.83B
Pretax Margin %----
Income Tax+248M344M939M-2.05B
Effective Tax Rate %----
Net Income+-2.74B-438M1.55B4.88B
Net Margin %----
Net Income Growth %-83.99%454.34%214.69%
EPS (Diluted)+-10.06-1.615.5817.69
EPS Growth %-84%446.58%217.03%
EPS (Basic)-10.06-1.615.6417.92
Diluted Shares Outstanding272.08M272.08M278M276M

Balance Sheet

Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets+44.47B46.12B51.48B63.02B
Asset Growth %-3.71%11.63%22.4%
PP&E (Net)+5.11B5.23B5.15B6.01B
PP&E / Total Assets %----
Total Current Assets+25.9B27.43B34.15B40.22B
Cash & Equivalents2.07B1.55B8.21B8.85B
Receivables1000K1000K1000K1000K
Inventory6.75B7.2B7.82B10.43B
Other Current Assets2.13B2.58B558M1.84B
Long-Term Investments3.69B2.34B2.15B1.83B
Goodwill4.16B4.44B4.26B4.44B
Intangible Assets1.17B1.04B813M727M
Other Assets2.84B4.39B4.09B4.47B
Total Liabilities32.86B37.74B40.89B50.72B
Total Debt+1.66B1.71B1.62B0
Net Debt-411M158M-6.58B-8.85B
Long-Term Debt544M535M572M0
Short-Term Borrowings320M365M241M0
Capital Lease Obligations792M809M810M0
Total Current Liabilities+26.04B29.31B31.68B40.97B
Accounts Payable4.23B4.7B4.94B0
Accrued Expenses1.24B1.62B1.82B0
Deferred Revenue11.84B15.07B17.59B25.77B
Other Current Liabilities8.33B7.42B7.01B15.2B
Deferred Taxes1000K1000K1000K1000K
Other Liabilities4.74B6.54B6.84B8.59B
Total Equity+11.61B8.38B10.59B12.3B
Equity Growth %--27.8%26.41%16.08%
Shareholders Equity10.65B7.42B9.55B11.18B
Minority Interest957M964M1.05B1.12B
Common Stock12.11B8.05B3M3M
Additional Paid-in Capital009.73B9.81B
Retained Earnings001.61B6.15B
Accumulated OCI-1.46B-635M-1.76B-1.41B
Return on Assets (ROA)-6.15%-0.97%3.18%8.53%
Return on Equity (ROE)-23.57%-4.38%16.36%42.68%
Debt / Equity0.14x0.20x0.15x-
Debt / Assets3.72%3.71%3.15%-
Net Debt / EBITDA-3.85x-3.56x-3.95x
Book Value per Share42.6630.838.144.55

Cash Flow

Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+-114M1.19B2.58B4.99B
Operating CF Growth %-1140.35%117.79%93.11%
Operating CF / Revenue %----
Net Income-2.74B-438M1.56B4.88B
Depreciation & Amortization991M964M1.17B853M
Deferred Taxes00316M-2.05B
Other Non-Cash Items771M-412M-1.81B-1.61B
Working Capital Changes860M1.07B1.35B2.91B
Capital Expenditures+-513M-744M-883M-1.28B
CapEx / Revenue %----
CapEx / D&A----
CapEx Coverage (OCF/CapEx)----
Cash from Investing+-322M-734M-37M-755M
Acquisitions53M60M099M
Purchase of Investments-393M-83M-114M-87M
Sale of Investments1000K1000K1000K1000K
Other Investing191M-199M716M46M
Cash from Financing+811M-408M3.65B-3.81B
Dividends Paid000-275M
Dividend Payout Ratio %---5.63%
Debt Issuance (Net)1000K1000K-1000K0
Stock Issued0000
Share Repurchases000-3.32B
Other Financing796M-424M3.67B-222M
Net Change in Cash+2.07B-516M6.05B643M
Exchange Rate Effect1000K-1000K-1000K1000K
Cash at Beginning02.07B1.55B8.21B
Cash at End2.07B1.55B7.6B8.85B
Free Cash Flow+-627M442M1.7B3.71B
FCF Growth %-170.49%284.62%118.29%
FCF Margin %----
FCF / Net Income %----

Key Ratios

Metric2022202320242025
Return on Equity (ROE)-23.57%-4.38%16.36%42.68%
EBITDA Margin-3.66%0.12%5.3%5.89%
Net Debt / EBITDA-3.85x-3.56x-3.95x
Interest Coverage-19.08x-9.42x--
CapEx / Revenue1.73%2.24%2.53%3.35%
Dividend Payout Ratio---5.63%
Debt / Equity0.14x0.20x0.15x-
EPS Growth-84%446.58%217.03%

Deep Dive Analysis

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