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

GEV • • Utilities

UtilitiesRenewable EnergyRenewable Power GenerationDiversified Renewable Portfolio Operators

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 $34.94B +5.1%
EBITDA $1.64B +3907.3%
Net Income $1.55B +454.3%
Free Cash Flow $1.7B +284.6%
EBITDA Margin 4.7% +3712.8%
Net Margin 4.44% +437.1%
ROE 16.36% +473.3%
Interest Coverage -
Debt/Equity 0.10 -29.1%
Net Debt/EBITDA -4.36 +51.3%
CapEx / Revenue 2.53% +12.9%
CapEx Coverage 2.93 +83.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9

✗Weaknesses

✗Expensive at 16.9x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM9.44%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM46.52%

EPS CAGR

10Y-

5Y-

3Y-

TTM47.52%

ROCE

10Y Avg-6.1%

5Y Avg-6.1%

3Y Avg-6.1%

Latest2.57%

Peer Comparison

Diversified Renewable Portfolio Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GEVGE Vernova Inc.	174.25B	642.23	115.10	5.1%	4.52%	17.51%	0.98%	0.10
CEGConstellation Energy Corporation	123.61B	341.20	28.67	-5.42%	10.76%	18.64%	4.02%	0.62
BEPCBrookfield Renewable Corporation	5.62B	38.79	23.80	4.41%	-23.22%	-8.32%		1.16
AXIAAXIA Energia	18.95B	9.59	11.42	0.19%	-1.84%	-0.44%	3.65%	0.64
BEPBrookfield Renewable Partners L.P.	8.57B	28.00	-31.46	16.63%	-3.38%	-0.65%		0.98
ELLOEllomay Capital Ltd.	375.36M	27.24	-53.41	-17.13%	2.56%	0.57%		4.03

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Revenue+	29.65B	33.24B	34.94B
Revenue Growth %	-	0.12%	0.05%
Cost of Revenue	26.2B	28.42B	28.85B
Gross Profit+	3.46B	4.82B	6.08B
Gross Margin %	-	-	-
Gross Profit Growth %	-	0.39%	0.26%
Operating Expenses+	6.34B	5.74B	5.61B
Other Operating Expenses	-	-	-
EBITDA+	-1.08B	41M	1.64B
EBITDA Margin %	-	-	-
EBITDA Growth %	-	1.04%	39.07%
Depreciation & Amortization+	1.8B	964M	1.17B
D&A / Revenue %	-	-	-
Operating Income (EBIT)+	-2.88B	-923M	471M
Operating Margin %	-	-	-
Operating Income Growth %	-	0.68%	1.51%
Interest Expense+	151M	98M	0
Interest Coverage	-19.08x	-9.42x	-
Interest / Revenue %	-	-	-
Non-Operating Income	1000K	1000K	1000K
Pretax Income+	-2.47B	-130M	2.5B
Pretax Margin %	-	-	-
Income Tax+	248M	344M	939M
Effective Tax Rate %	-	-	-
Net Income+	-2.74B	-438M	1.55B
Net Margin %	-	-	-
Net Income Growth %	-	0.84%	4.54%
EPS (Diluted)+	-10.06	-1.98	5.58
EPS Growth %	-	0.8%	3.82%
EPS (Basic)	-10.06	-1.98	5.64
Diluted Shares Outstanding	272.08M	272.08M	278M

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Assets+	44.47B	46.12B	51.48B
Asset Growth %	-	0.04%	0.12%
PP&E (Net)+	5.11B	5.23B	5.15B
PP&E / Total Assets %	-	-	-
Total Current Assets+	25.9B	27.43B	34.15B
Cash & Equivalents	2.07B	1.55B	8.21B
Receivables	1000K	1000K	1000K
Inventory	6.75B	7.2B	7.82B
Other Current Assets	2.13B	2.58B	558M
Long-Term Investments	3.69B	2.34B	2.15B
Goodwill	4.16B	4.44B	4.26B
Intangible Assets	1.17B	1.04B	813M
Other Assets	2.84B	4.39B	4.09B
Total Liabilities	32.86B	37.74B	40.89B
Total Debt+	1.14B	1.18B	1.06B
Net Debt	-923M	-367M	-7.16B
Long-Term Debt	360M	10M	10M
Short-Term Borrowings	1000K	1000K	1000K
Capital Lease Obligations	663M	809M	725M
Total Current Liabilities+	26.04B	29.31B	31.68B
Accounts Payable	4.23B	4.7B	4.94B
Accrued Expenses	0	1.62B	0
Deferred Revenue	11.84B	15.07B	17.59B
Other Current Liabilities	4.9B	7.55B	5.17B
Deferred Taxes	1000K	1000K	1000K
Other Liabilities	5.23B	7.06B	7.4B
Total Equity+	11.61B	8.38B	10.59B
Equity Growth %	-	-0.28%	0.26%
Shareholders Equity	10.65B	7.42B	9.55B
Minority Interest	957M	964M	1.05B
Common Stock	0	8.05B	3M
Additional Paid-in Capital	0	0	9.73B
Retained Earnings	0	0	1.61B
Accumulated OCI	-1.46B	-635M	-1.76B
Return on Assets (ROA)	-0.06%	-0.01%	0.03%
Return on Equity (ROE)	-0.24%	-0.04%	0.16%
Debt / Equity	0.10x	0.14x	0.10x
Debt / Assets	0.03%	0.03%	0.02%
Net Debt / EBITDA	-	-8.95x	-4.36x
Book Value per Share	42.66	30.8	38.1

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-114M	1.19B	2.58B
Operating CF Growth %	-	11.4%	1.18%
Operating CF / Revenue %	-	-	-
Net Income	-2.74B	-438M	1.56B
Depreciation & Amortization	991M	964M	1.17B
Deferred Taxes	0	0	316M
Other Non-Cash Items	771M	-412M	-1.81B
Working Capital Changes	860M	1.07B	1.35B
Capital Expenditures+	-513M	-744M	-883M
CapEx / Revenue %	-	-	-
CapEx / D&A	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-
Cash from Investing+	-322M	-734M	-37M
Acquisitions	53M	60M	0
Purchase of Investments	-393M	-83M	-114M
Sale of Investments	1000K	1000K	1000K
Other Investing	191M	-199M	716M
Cash from Financing+	811M	-408M	3.65B
Dividends Paid	0	0	0
Dividend Payout Ratio %	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K
Stock Issued	0	0	0
Share Repurchases	0	0	0
Other Financing	796M	-424M	3.67B
Net Change in Cash+	2.07B	-516M	6.05B
Exchange Rate Effect	1000K	-1000K	-1000K
Cash at Beginning	0	2.07B	1.55B
Cash at End	2.07B	1.55B	7.6B
Free Cash Flow+	-627M	442M	1.7B
FCF Growth %	-	1.7%	2.85%
FCF Margin %	-	-	-
FCF / Net Income %	-	-	-

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	-23.57%	-4.38%	16.36%
EBITDA Margin	-3.66%	0.12%	4.7%
Net Debt / EBITDA	-	-8.95x	-4.36x
Interest Coverage	-19.08x	-9.42x	-
CapEx / Revenue	1.73%	2.24%	2.53%
Debt / Equity	0.10x	0.14x	0.10x
EPS Growth	-	80.32%	381.82%

Revenue by Segment

	2024
Product	18.95B
Product Growth	-
Service	15.98B
Service Growth	-

Revenue by Geography

	2024
Non-US	20.26B
Non-US Growth	-
UNITED STATES	14.68B
UNITED STATES Growth	-

Frequently Asked Questions

Valuation & Price

GE Vernova Inc. (GEV) has a price-to-earnings (P/E) ratio of 115.1x. This suggests investors expect higher future growth.

Growth & Financials

GE Vernova Inc. (GEV) reported $37.67B in revenue for fiscal year 2024. This represents a 27% increase from $29.65B in 2022.

GE Vernova Inc. (GEV) grew revenue by 5.1% over the past year. This is steady growth.

Yes, GE Vernova Inc. (GEV) is profitable, generating $1.70B in net income for fiscal year 2024 (4.4% net margin).

Dividend & Returns

GE Vernova Inc. (GEV) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

GE Vernova Inc. (GEV) generated $2.47B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

GE Vernova Inc. (GEV) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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