The company maintains a conservative capital structure with a debt-to-equity ratio of 0.19, providing significant flexibility as total assets expanded to $75.6 billion in 2026Q1.
| Total Assets | 75.61B | 63.02B | 51.48B | 46.12B | 44.47B |
| Asset Growth % | 86.48% | 22.4% | 11.63% | 3.71% | - |
| PP&E (Net) | 7.14B | 6.01B | 5.15B | 5.23B | 5.11B |
| PP&E / Total Assets % | 9.44% | 9.53% | 10% | 11.34% | 11.48% |
| Total Current Assets | 41.27B | 40.22B | 34.15B | 27.43B | 25.9B |
| Cash & Equivalents | 10.17B | 8.85B | 8.21B | 1.55B | 2.07B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 11.92B | 10.43B | 7.82B | 7.2B | 6.75B |
| Other Current Assets | 0 | 1.84B | 558M | 2.58B | 2.13B |
| Long-Term Investments | 8.82B | 1.83B | 2.15B | 2.34B | 3.69B |
| Goodwill | 9.86B | 4.44B | 4.26B | 4.44B | 4.16B |
| Intangible Assets | 4.54B | 727M | 813M | 1.04B | 1.17B |
| Other Assets | -2.9B | 4.47B | 4.09B | 4.39B | 2.84B |
| Total Liabilities | 60.55B | 50.72B | 40.89B | 37.74B | 32.86B |
| Total Debt | 2.86B | 0 | 1.62B | 1.71B | 1.66B |
| Net Debt | -7.32B | -8.85B | -6.58B | 158M | -411M |
| Long-Term Debt | 2.55B | 0 | 572M | 535M | 544M |
| Short-Term Borrowings | 51M | 0 | 241M | 365M | 320M |
| Capital Lease Obligations | 252M | 0 | 810M | 809M | 792M |
| Total Current Liabilities | 48.09B | 40.97B | 31.68B | 29.31B | 26.04B |
| Accounts Payable | 6.33B | 0 | 4.94B | 4.7B | 4.23B |
| Accrued Expenses | 0 | 0 | 1.82B | 1.62B | 1.24B |
| Deferred Revenue | 31.83B | 25.77B | 17.59B | 15.07B | 11.84B |
| Other Current Liabilities | 9.88B | 15.2B | 7.01B | 7.42B | 8.33B |
| Deferred Taxes | 4.1B | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 8.35B | 8.59B | 6.84B | 6.54B | 4.74B |
| Total Equity | 15.06B | 12.3B | 10.59B | 8.38B | 11.61B |
| Equity Growth % | 63.32% | 16.08% | 26.41% | -27.8% | - |
| Shareholders Equity | 13.92B | 11.18B | 9.55B | 7.42B | 10.65B |
| Minority Interest | 1.14B | 1.12B | 1.05B | 964M | 957M |
| Common Stock | 3M | 3M | 3M | 8.05B | 12.11B |
| Additional Paid-in Capital | 9.41B | 9.81B | 9.73B | 0 | 0 |
| Retained Earnings | 10.76B | 6.15B | 1.61B | 0 | 0 |
| Accumulated OCI | -1.57B | -1.41B | -1.76B | -635M | -1.46B |
| Return on Assets (ROA) | 15.24% | 8.53% | 3.18% | -0.97% | -6.15% |
| Return on Equity (ROE) | 79.72% | 42.68% | 16.36% | -4.38% | -23.57% |
| Debt / Equity | 0.19x | - | 0.15x | 0.20x | 0.14x |
| Debt / Assets | 3.78% | - | 3.15% | 3.71% | 3.72% |
| Net Debt / EBITDA | -3.37x | -3.95x | -3.56x | 3.85x | - |
| Book Value per Share | 55.39 | 44.55 | 38.1 | 30.8 | 42.66 |
Project execution and warranty
According to the latest balance sheet data, GEV's total assets surged to $75.6 billion in 2026Q1, reflecting a significant expansion from the $46.1 billion reported in 2023Q4, which suggests an aggressive scaling of infrastructure to meet rising demand for power generation and grid-related equipment.
The rapid growth in total assets appears to be driven by substantial capital deployment into manufacturing and project-related assets. Investors should monitor whether this asset expansion translates into sustainable long-term returns, as the current trajectory indicates a heavy reliance on capital-intensive growth strategies.
Based on reported financial statements, GEV maintains a debt-to-equity ratio of 0.19 as of 2026Q1, a conservative posture that provides the company with significant financial flexibility to navigate the inherent volatility of its large-scale project-based business model and ongoing offshore wind technical challenges.
The company's ability to operate with minimal debt for several quarters suggests a disciplined approach to capital structure management. This low leverage profile appears to be a strategic buffer, allowing the firm to absorb potential warranty-related costs without compromising its core operational stability.
As reported in recent filings, GEV's equity base has grown to $13.9 billion in 2026Q1, up from $7.4 billion in 2023Q4, which indicates that the company is successfully retaining earnings to bolster its balance sheet during this period of intense capital investment and operational transformation.
The expansion of the equity base suggests a strengthening of the company's financial foundation, which may provide a necessary cushion against future earnings volatility. Analysts should continue to evaluate whether this growth in equity is supported by consistent operational performance rather than one-time accounting gains.
According to quarterly balance sheet data, GEV's cash reserves reached $10.2 billion in 2026Q1, a substantial increase from the $1.6 billion held in 2023Q4, which suggests that the company is prioritizing liquidity to fund its aggressive capital expenditure requirements and manage potential project-related cash flow gaps.
The significant build-up in cash reserves appears to be a prudent measure given the company's high capital intensity and the cyclical nature of its wind and power segments. This liquidity position warrants further investigation to determine if it is intended for future strategic acquisitions or simply as a defensive reserve.
Quick answers to the most common questions about buying GEV stock.
As of 2025, GE Vernova Inc. (GEV) had total assets of $63.02B including $40.22B in current assets.
GE Vernova Inc. (GEV) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GE Vernova Inc. (GEV) has total shareholders' equity (book value) of $11.18B ($44.55 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GE Vernova Inc. (GEV) reported a current ratio of 0.98x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.