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GE Vernova Inc.(GEV)Earnings, Financials & Key Ratios
GEV•NYSE•Utilities
$1095.21
$294.3B mkt cap·61.9× P/E·Price updated May 6, 2026
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 Margin5.89%+11.1%
- Net Margin12.83%+188.9%
- ROE42.68%+160.9%
- Net Debt/EBITDA-3.95-11.0%
- CapEx / Revenue3.35%+32.7%
- CapEx Coverage3.91+33.5%
GEV Key Insights
GE Vernova Inc. (GEV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 90 (top 10%)
- ✓Good 3Y average ROE of 18.2%
✗Weaknesses
- ✗Expensive at 24.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GEV Price & Volume
GE Vernova Inc. (GEV) stock price & volume — 10-year historical chart
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GEV Growth Metrics
GE Vernova Inc. (GEV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years8.68%
TTM10.24%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM384.25%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM393.08%
Return on Capital
10 Years-2.48%
5 Years-2.48%
3 Years1.9%
Last Year6.63%
GEV Recent Earnings
GE Vernova Inc. (GEV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (56%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026EPS
$1.98
Est $1.95
+1.5%
Revenue
$9.3B
Est $9.3B
+0.9%
Q1 2026
Jan 28, 2026EPS
$13.39
Est $2.93
+357.0%
Revenue
$11.0B
Est $10.2B
+7.4%
Q4 2025
Oct 22, 2025EPS
$1.64
Est $1.72
-4.7%
Revenue
$10.0B
Est $9.1B
+9.0%
Q3 2025
Jul 23, 2025EPS
$1.86
Est $1.48
+25.7%
Revenue
$9.1B
Est $8.8B
+3.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $1.98vs $1.95+1.5% | $9.3Bvs $9.3B+0.9% |
| Q1 2026 | Jan 28, 2026 | $13.39vs $2.93+357.0% | $11.0Bvs $10.2B+7.4% |
| Q4 2025 | Oct 22, 2025 | $1.64vs $1.72-4.7% | $10.0Bvs $9.1B+9.0% |
| Q3 2025 | Jul 23, 2025 | $1.86vs $1.48+25.7% | $9.1Bvs $8.8B+3.4% |
Based on last 12 quarters of dataView full earnings history →
GEV Peer Comparison
GE Vernova Inc. (GEV) competitors in Grid, Storage and Power Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MHK | 5.96B | 97.39 | 16.42 | -0.48% | 3.77% | 4.96% | 10.34% | 0.33 |
 PWR | 115.79B | 771.61 | 113.47 | 19.76% | 3.72% | 12.96% | 1.4% | 0.13 |
 ETN | 159.41B | 410.86 | 39.28 | 10.33% | 13.99% | 20.76% | 2.81% | 0.57 |
 EMR | 77.82B | 138.40 | 34.26 | 3% | 13.35% | 12.1% | 3.43% | 0.68 |
 HUBB | 27B | 507.81 | 30.70 | 3.84% | 15.1% | 24.38% | 3.24% | 0.68 |
 VRT | 130.99B | 341.02 | 100.01 | 27.69% | 14.37% | 42.06% | 1.45% | 0.86 |
 ENPH | 4.75B | 36.02 | 27.92 | 10.72% | 9.64% | 13.28% | 2.02% | 1.14 |
 FSLR | 23.56B | 219.28 | 15.43 | 24.09% | 30.73% | 18.01% | 5.04% | 0.05 |
Compare GEV vs Peers
GE Vernova Inc. (GEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GEV Income Statement
GE Vernova Inc. (GEV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Revenue | 29.65B | 33.24B | 34.94B | 38.07B | 39.38B |
| Revenue Growth % | - | 12.09% | 5.13% | 8.94% | 10.24% |
| Cost of Revenue | 26.2B | 28.42B | 28.63B | 30.53B | 31.53B |
| Gross Profit | 3.46B▲ 0% | 4.82B▲ 39.3% | 6.31B▲ 30.9% | 7.54B▲ 19.4% | 7.85B▲ 0% |
| Gross Margin % | 11.66% | 14.5% | 18.06% | 19.79% | 19.93% |
| Gross Profit Growth % | - | 39.33% | 30.95% | 19.43% | - |
| Operating Expenses | 6.34B | 5.74B | 5.52B | 6.15B | 6.32B |
| Other Operating Expenses | - | - | - | - | - |
| EBITDA | -1.08B | 41M | 1.85B | 2.24B | 2.17B |
| EBITDA Margin % | -3.66% | 0.12% | 5.3% | 5.89% | 5.52% |
| EBITDA Growth % | - | 103.78% | 4414.63% | 21.07% | 10.65% |
| Depreciation & Amortization | 1.8B | 964M | 1.06B | 853M | 648M |
| D&A / Revenue % | 6.06% | 2.9% | 3.04% | 2.24% | 1.65% |
| Operating Income (EBIT) | -2.88B▲ 0% | -923M▲ 68.0% | 787M▲ 185.3% | 1.39B▲ 76.4% | 1.52B▲ 0% |
| Operating Margin % | -9.72% | -2.78% | 2.25% | 3.65% | 3.87% |
| Operating Income Growth % | - | 67.96% | 185.27% | 76.37% | - |
| Interest Expense | 151M | 98M | 0 | 0 | 0 |
| Interest Coverage | -15.38x | -0.33x | - | - | - |
| Interest / Revenue % | 0.51% | 0.29% | 0% | 0% | 0% |
| Non-Operating Income | 1000K | 1000K | 1000K | 1000K | 4M |
| Pretax Income | -2.47B▲ 0% | -130M▲ 94.7% | 2.5B▲ 2021.5% | 2.83B▲ 13.2% | 7.6B▲ 0% |
| Pretax Margin % | -8.34% | -0.39% | 7.15% | 7.43% | 19.3% |
| Income Tax | 248M | 344M | 939M | -2.05B | -1.76B |
| Effective Tax Rate % | -10.02% | -264.62% | 37.59% | -72.52% | -23.23% |
| Net Income | -2.74B▲ 0% | -438M▲ 84.0% | 1.55B▲ 454.3% | 4.88B▲ 214.7% | 9.38B▲ 0% |
| Net Margin % | -9.23% | -1.32% | 4.44% | 12.83% | 23.81% |
| Net Income Growth % | - | 83.99% | 454.34% | 214.69% | 384.25% |
| EPS (Diluted) | -10.06▲ 0% | -1.61▲ 84.0% | 5.58▲ 446.6% | 17.69▲ 217.0% | 34.47▲ 0% |
| EPS Growth % | - | 84% | 446.58% | 217.03% | 393.08% |
| EPS (Basic) | -10.06 | -1.61 | 5.64 | 17.92 | - |
| Diluted Shares Outstanding | 272.08M | 272.08M | 278M | 276M | 272M |
GEV Balance Sheet
GE Vernova Inc. (GEV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Total Assets | 44.47B | 46.12B | 51.48B | 63.02B | 75.61B |
| Asset Growth % | - | 3.71% | 11.63% | 22.4% | 86.48% |
| PP&E (Net) | 5.11B | 5.23B | 5.15B | 6.01B | 7.14B |
| PP&E / Total Assets % | 11.48% | 11.34% | 10% | 9.53% | 9.44% |
| Total Current Assets | 25.9B | 27.43B | 34.15B | 40.22B | 41.27B |
| Cash & Equivalents | 2.07B | 1.55B | 8.21B | 8.85B | 10.17B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 6.75B | 7.2B | 7.82B | 10.43B | 11.92B |
| Other Current Assets | 2.13B | 2.58B | 558M | 1.84B | 0 |
| Long-Term Investments | 3.69B | 2.34B | 2.15B | 1.83B | 8.82B |
| Goodwill | 4.16B | 4.44B | 4.26B | 4.44B | 9.86B |
| Intangible Assets | 1.17B | 1.04B | 813M | 727M | 4.54B |
| Other Assets | 2.84B | 4.39B | 4.09B | 4.47B | -2.9B |
| Total Liabilities | 32.86B | 37.74B | 40.89B | 50.72B | 60.55B |
| Total Debt | 1.66B | 1.71B | 1.62B | 0 | 2.86B |
| Net Debt | -411M | 158M | -6.58B | -8.85B | -7.32B |
| Long-Term Debt | 544M | 535M | 572M | 0 | 2.55B |
| Short-Term Borrowings | 320M | 365M | 241M | 0 | 51M |
| Capital Lease Obligations | 792M | 809M | 810M | 0 | 252M |
| Total Current Liabilities | 26.04B | 29.31B | 31.68B | 40.97B | 48.09B |
| Accounts Payable | 4.23B | 4.7B | 4.94B | 0 | 6.33B |
| Accrued Expenses | 1.24B | 1.62B | 1.82B | 0 | 0 |
| Deferred Revenue | 11.84B | 15.07B | 17.59B | 25.77B | 31.83B |
| Other Current Liabilities | 8.33B | 7.42B | 7.01B | 15.2B | 9.88B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 4.1B |
| Other Liabilities | 4.74B | 6.54B | 6.84B | 8.59B | 8.35B |
| Total Equity | 11.61B▲ 0% | 8.38B▼ 27.8% | 10.59B▲ 26.4% | 12.3B▲ 16.1% | 15.06B▲ 0% |
| Equity Growth % | - | -27.8% | 26.41% | 16.08% | 63.32% |
| Shareholders Equity | 10.65B | 7.42B | 9.55B | 11.18B | 13.92B |
| Minority Interest | 957M | 964M | 1.05B | 1.12B | 1.14B |
| Common Stock | 12.11B | 8.05B | 3M | 3M | 3M |
| Additional Paid-in Capital | 0 | 0 | 9.73B | 9.81B | 9.41B |
| Retained Earnings | 0 | 0 | 1.61B | 6.15B | 10.76B |
| Accumulated OCI | -1.46B | -635M | -1.76B | -1.41B | -1.57B |
| Return on Assets (ROA) | -6.15% | -0.97% | 3.18% | 8.53% | 15.24% |
| Return on Equity (ROE) | -23.57% | -4.38% | 16.36% | 42.68% | 79.72% |
| Debt / Equity | 0.14x | 0.20x | 0.15x | - | 0.19x |
| Debt / Assets | 3.72% | 3.71% | 3.15% | - | 3.78% |
| Net Debt / EBITDA | - | 3.85x | -3.56x | -3.95x | -3.95x |
| Book Value per Share | 42.66 | 30.8 | 38.1 | 44.55 | 55.39 |
GEV Cash Flow Statement
GE Vernova Inc. (GEV) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -114M | 1.19B | 2.58B | 4.99B | 4.99B |
| Operating CF Growth % | - | 1140.35% | 117.79% | 93.11% | 440.8% |
| Operating CF / Revenue % | -0.38% | 3.57% | 7.39% | 13.1% | 12.67% |
| Net Income | -2.74B | -438M | 1.56B | 4.88B | 9.38B |
| Depreciation & Amortization | 991M | 964M | 1.17B | 853M | 990M |
| Deferred Taxes | 0 | 0 | 316M | -2.05B | -1.04B |
| Other Non-Cash Items | 771M | -412M | -1.81B | -1.61B | -7.14B |
| Working Capital Changes | 860M | 1.07B | 1.35B | 2.91B | 6.84B |
| Capital Expenditures | -513M | -744M | -883M | -1.28B | -5.38B |
| CapEx / Revenue % | 1.73% | 2.24% | 2.53% | 3.35% | 13.67% |
| CapEx / D&A | 0.52x | 0.77x | 0.75x | 1.50x | 5.44x |
| CapEx Coverage (OCF/CapEx) | -0.22x | 1.59x | 2.93x | 3.91x | 0.93x |
| Cash from Investing | -322M | -734M | -37M | -755M | -4.95B |
| Acquisitions | 53M | 60M | 0 | 99M | 64M |
| Purchase of Investments | -393M | -83M | -114M | -87M | -91M |
| Sale of Investments | 340M | 232M | 244M | 464M | 418M |
| Other Investing | 191M | -199M | 716M | 46M | -3.86B |
| Cash from Financing | 811M | -408M | 3.65B | -3.81B | -2.11B |
| Dividends Paid | 0 | 0 | 0 | -275M | -343M |
| Dividend Payout Ratio % | - | - | - | 5.63% | - |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 0 | 1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -3.32B | -3.49B |
| Other Financing | 796M | -424M | 3.67B | -222M | -845M |
| Net Change in Cash | 2.07B▲ 0% | -516M▼ 125.0% | 6.05B▲ 1272.7% | 643M▼ 89.4% | 2.06B▲ 0% |
| Exchange Rate Effect | 1.69B | -560M | -147M | 223M | 119M |
| Cash at Beginning | 0 | 2.07B | 1.55B | 8.21B | 8.85B |
| Cash at End | 2.07B | 1.55B | 7.6B | 8.85B | 10.17B |
| Free Cash Flow | -627M▲ 0% | 442M▲ 170.5% | 1.7B▲ 284.6% | 3.71B▲ 118.3% | 3.63B▲ 0% |
| FCF Growth % | - | 170.49% | 284.62% | 118.29% | -9.85% |
| FCF Margin % | -2.11% | 1.33% | 4.87% | 9.75% | 9.23% |
| FCF / Net Income % | 22.92% | -100.91% | 109.54% | 75.98% | 38.75% |
GEV Key Ratios
GE Vernova Inc. (GEV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -4.38% | 16.36% | 42.68% | 79.72% |
| EBITDA Margin | 0.12% | 5.3% | 5.89% | 5.52% |
| Net Debt / EBITDA | 3.85x | -3.56x | -3.95x | -3.95x |
| Interest Coverage | -0.33x | - | - | - |
| CapEx / Revenue | 2.24% | 2.53% | 3.35% | 13.67% |
| Dividend Payout Ratio | - | - | 5.63% | 3.66% |
| Debt / Equity | 0.20x | 0.15x | - | 0.19x |
| EPS Growth | 84% | 446.58% | 217.03% | 393.08% |
GEV SEC Filings & Documents
GE Vernova Inc. (GEV) SEC filings — annual & quarterly reports (10-K, 10-Q)
GEV Frequently Asked Questions
GE Vernova Inc. (GEV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
GE Vernova Inc. (GEV) reported $39.38B in revenue for fiscal year 2025. This represents a 33% increase from $29.65B in 2022.
GE Vernova Inc. (GEV) grew revenue by 8.9% over the past year. This is steady growth.
Yes, GE Vernova Inc. (GEV) is profitable, generating $9.38B in net income for fiscal year 2025 (12.8% net margin).
Dividend & Returns
GE Vernova Inc. (GEV) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
GE Vernova Inc. (GEV) has a return on equity (ROE) of 42.7%. This is excellent, indicating efficient use of shareholder capital.
GE Vernova Inc. (GEV) generated $3.63B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
GE Vernova Inc. (GEV) has a dividend payout ratio of 6%. This suggests the dividend is well-covered and sustainable.
Explore More GEV
GE Vernova Inc. (GEV) financial analysis — history, returns, DCA and operating performance tools
Full GEV Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates