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GE Vernova (GEV) Financials

GE Vernova logo
$1,040.75 -4.88 (-0.47%)
Closing price 05/8/2026 03:58 PM Eastern
Extended Trading
$1,042.44 +1.69 (+0.16%)
As of 05/8/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for GE Vernova

Annual Income Statements for GE Vernova

This table shows GE Vernova's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2,736 -438 1,552 4,884
Consolidated Net Income / (Loss)		 -2,722 -474 1,559 4,879
Net Income / (Loss) Continuing Operations		 -2,722 -474 1,559 4,879
Total Pre-Tax Income 		-2,474 -130 2,498 2,828
Total Operating Income		 -2,881 -923 471 1,388
Total Gross Profit		 3,458 4,818 6,085 7,535
Total Revenue		 29,654 33,239 34,935 38,068
Operating Revenue		 29,654 33,239 34,935 38,068
Total Cost of Revenue		 26,196 28,421 28,850 30,533
Operating Cost of Revenue		 26,196 28,421 28,850 30,533
Total Operating Expenses		 6,339 5,741 5,614 6,146
Selling, General & Admin Expense		 5,360 4,845 4,632 4,949
Research & Development Expense		 979 896 982 1,197
Total Other Income / (Expense), net		 407 793 2,028 1,440
Interest Expense		 151 98 -120 -186
Other Income / (Expense), net		 558 891 1,908 1,254
Income Tax Expense		 248 344 939 -2,051
Net Income / (Loss) Attributable to Noncontrolling Interest		 14 -36 7.00 -4.00
Basic Earnings per Share		 ($10.00) ($1.60) $5.65 $17.92
Weighted Average Basic Shares Outstanding		 274M 274M 275M 272M
Diluted Earnings per Share		 ($10.00) ($1.60) $5.58 $17.69
Weighted Average Diluted Shares Outstanding		 274M 274M 278M 276M
Weighted Average Basic & Diluted Shares Outstanding		 - - 275.90M 269.53M
Cash Dividends to Common per Share		 - - $0.25 $1.25

Quarterly Income Statements for GE Vernova

This table shows GE Vernova's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -170 197 -130 1,294 -96 484 254 514 452 3,664 4,745
Consolidated Net Income / (Loss)		 -185 206 -106 1,280 -99 484 264 492 453 3,670 4,750
Net Income / (Loss) Continuing Operations		 -184 204 -106 1,280 -99 484 264 492 453 3,670 4,749
Total Pre-Tax Income 		-16 328 -96 1,602 -122 1,114 332 645 746 1,105 5,103
Total Operating Income		 -307 194 -289 527 -359 592 43 378 366 601 179
Total Gross Profit		 1,051 1,701 1,150 1,702 1,109 2,124 1,470 1,846 1,897 2,322 1,781
Total Revenue		 8,253 10,045 7,260 8,204 8,913 10,558 8,032 9,111 9,969 10,956 9,339
Operating Revenue		 8,253 10,045 7,260 8,204 8,913 10,558 8,032 9,111 9,969 10,956 9,339
Total Cost of Revenue		 7,201 8,344 6,109 6,502 7,804 8,435 6,562 7,266 8,071 8,634 7,558
Operating Cost of Revenue		 7,201 8,344 6,109 6,502 7,804 8,435 6,562 7,266 8,071 8,634 7,558
Total Operating Expenses		 1,358 1,507 1,439 1,175 1,469 1,531 1,427 1,467 1,531 1,721 1,602
Selling, General & Admin Expense		 1,135 1,252 1,202 938 1,226 1,266 1,188 1,185 1,221 1,355 1,298
Research & Development Expense		 223 255 237 237 243 265 239 282 310 366 304
Total Other Income / (Expense), net		 292 132 193 1,075 237 523 290 267 380 503 4,924
Interest Expense		 21 35 14 -60 -36 -38 -56 -42 -44 -44 -28
Other Income / (Expense), net		 313 167 207 1,015 201 485 234 225 336 459 4,896
Income Tax Expense		 169 122 10 322 -23 630 68 153 293 -2,565 354
Net Income / (Loss) Attributable to Noncontrolling Interest		 -15 9.00 24 -14 -3.00 - 11 -22 1.00 6.00 4.00
Basic Earnings per Share		 ($0.62) - ($0.47) $4.72 ($0.35) - $0.92 $1.89 $1.66 $13.45 $17.65
Weighted Average Basic Shares Outstanding		 274M 274M 274M 274M 275M 275M 275M 272M 272M 272M 269M
Diluted Earnings per Share		 ($0.62) - ($0.47) $4.65 ($0.35) - $0.91 $1.86 $1.64 $13.28 $17.44
Weighted Average Diluted Shares Outstanding		 274M 274M 274M 278M 275M 278M 279M 276M 275M 276M 272M
Weighted Average Basic & Diluted Shares Outstanding		 - 0.00 274.09M 274.80M 275.65M 275.90M 272.93M 272.22M 271.32M 269.53M 268.72M
Cash Dividends to Common per Share		 - - - - - - - $0.50 - - $0.50

Annual Cash Flow Statements for GE Vernova

This table details how cash moves in and out of GE Vernova's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 288 66 6,051 643
Net Cash From Operating Activities		 -114 1,186 2,583 4,987
Net Cash From Continuing Operating Activities		 -114 1,188 2,582 4,988
Net Income / (Loss) Continuing Operations		 -2,722 -474 1,559 4,879
Consolidated Net Income / (Loss)		 -2,722 -474 1,559 4,879
Depreciation Expense		 779 724 895 615
Amortization Expense		 1,018 240 277 238
Non-Cash Adjustments To Reconcile Net Income		 407 -470 -1,906 -4,110
Changes in Operating Assets and Liabilities, net		 404 1,168 1,757 3,366
Net Cash From Investing Activities		 -322 -734 -37 -755
Net Cash From Continuing Investing Activities		 -322 -734 -37 -754
Purchase of Property, Plant & Equipment		 -513 -744 -883 -1,277
Acquisitions		 -393 -83 -114 -87
Sale of Property, Plant & Equipment		 53 60 25 39
Divestitures		 340 232 1,057 524
Other Investing Activities, net		 191 -199 -122 47
Net Cash From Financing Activities		 811 -408 3,652 -3,813
Net Cash From Continuing Financing Activities		 811 -408 3,652 -3,812
Repayment of Debt		 -151 -63 785 -221
Repurchase of Common Equity		 - 0.00 -43 -3,316
Payment of Dividends		 - 0.00 0.00 -275
Issuance of Debt		 15 16 -23 0.00
Other Financing Activities, net		 947 -361 2,933 0.00
Effect of Exchange Rate Changes		 -87 22 -147 224
Cash Interest Paid		 77 83 74 53

Quarterly Cash Flow Statements for GE Vernova

This table details how cash moves in and out of GE Vernova's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -127 661 1,173 2,983 1,013 1,413 -99 -213 53 902 1,324
Net Cash From Operating Activities		 233 1,931 -444 979 1,127 921 1,161 367 980 2,479 5,188
Net Cash From Continuing Operating Activities		 232 1,934 -444 982 1,123 922 1,160 367 981 2,480 5,190
Net Income / (Loss) Continuing Operations		 -185 206 -106 1,280 -99 484 264 492 453 3,670 4,750
Consolidated Net Income / (Loss)		 -185 206 -106 1,280 -99 484 264 492 453 3,670 4,750
Depreciation Expense		 184 193 188 191 336 180 149 145 152 169 166
Amortization Expense		 58 59 63 63 62 89 56 60 61 61 176
Non-Cash Adjustments To Reconcile Net Income		 -87 -66 -457 -965 -127 -387 -576 -524 -32 -2,978 -5,172
Changes in Operating Assets and Liabilities, net		 262 1,542 -132 413 951 556 1,267 194 347 1,558 5,270
Net Cash From Investing Activities		 -36 -257 -285 537 -114 -175 -93 -121 -167 -374 -4,291
Net Cash From Continuing Investing Activities		 -34 -258 -284 536 -114 -175 -93 -121 -166 -374 -4,291
Purchase of Property, Plant & Equipment		 -181 -280 -217 -157 -159 -350 -186 -173 -247 -671 -397
Acquisitions		 -37 -6.00 -91 -17 -2.00 -4.00 -46 -24 -27 -30 -4,896
Sale of Property, Plant & Equipment		 10 6.00 4.00 9.00 3.00 9.00 34 - -1.00 6.00 177
Divestitures		 187 12 29 641 1.00 386 90 2.00 216 216 642
Other Investing Activities, net		 -13 10 -9.00 60 43 -216 15 74 -107 105 183
Net Cash From Financing Activities		 -286 -1,064 1,934 970 585 163 -1,257 -604 -774 -1,178 442
Net Cash From Continuing Financing Activities		 -285 -1,065 1,934 971 584 163 -1,256 -606 -773 -1,177 441
Repayment of Debt		 -8.00 -9.00 -66 30 615 163 -86 -56 -45 -34 -711
Repurchase of Common Equity		 - - 0.00 - - - -1,101 -480 -660 -1,075 -1,278
Payment of Dividends		 - - 0.00 - - - -69 -70 -68 -68 -137
Issuance of Debt		 1.00 -14 -23 - - - 0.00 - - - 2,567
Effect of Exchange Rate Changes		 -31 44 -32 - 18 -99 90 145 15 -26 -16

Annual Balance Sheets for GE Vernova

This table presents GE Vernova's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 46,121 51,485 63,016
Total Current Assets		 27,428 34,153 40,216
Cash & Equivalents		 1,551 8,205 8,848
Accounts Receivable		 7,489 8,177 9,803
Inventories, net		 8,253 8,587 10,429
Other Current Assets		 8,691 9,185 10,739
Other Current Nonoperating Assets		 1,444 0.00 396
Plant, Property, & Equipment, net		 5,228 5,150 6,006
Total Noncurrent Assets		 13,465 12,182 16,794
Long-Term Investments		 3,555 2,149 1,834
Goodwill		 4,437 4,263 4,439
Intangible Assets		 1,042 813 727
Noncurrent Deferred & Refundable Income Taxes		 1,582 1,639 5,321
Other Noncurrent Operating Assets		 2,849 3,318 4,473
Total Liabilities & Shareholders' Equity		 46,121 51,485 63,016
Total Liabilities		 37,741 40,892 50,720
Total Current Liabilities		 29,306 31,685 40,972
Accounts Payable		 8,432 8,602 8,809
Other Current Liabilities		 19,426 23,083 32,084
Other Current Nonoperating Liabilities		 1,448 0.00 79
Total Noncurrent Liabilities		 8,435 9,207 9,749
Long-Term Debt		 - - 265
Noncurrent Deferred & Payable Income Tax Liabilities		 382 827 1,162
Noncurrent Employee Benefit Liabilities		 3,273 3,264 3,171
Other Noncurrent Operating Liabilities		 4,780 5,116 5,151
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,380 10,593 12,296
Total Preferred & Common Equity		 7,416 9,546 11,178
Total Common Equity		 7,416 9,545 11,178
Common Stock		 0.00 9,736 9,816
Retained Earnings		 0.00 1,611 6,154
Treasury Stock		 0.00 -43 -3,385
Accumulated Other Comprehensive Income / (Loss)		 -635 -1,759 -1,407
Noncontrolling Interest		 964 1,047 1,118

Quarterly Balance Sheets for GE Vernova

This table presents GE Vernova's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 46,121 47,872 48,052 50,853 51,485 51,559 53,078 54,398 75,612
Total Current Assets		 27,428 29,243 30,722 33,141 34,153 33,936 34,709 36,278 42,969
Cash & Equivalents		 1,551 3,255 5,779 7,395 8,205 8,107 7,892 7,945 10,172
Accounts Receivable		 7,489 7,096 6,431 7,226 8,178 7,136 6,948 7,374 9,568
Inventories, net		 8,253 8,859 9,346 9,377 8,587 9,156 9,825 10,032 11,919
Other Current Assets		 8,691 9,041 9,165 9,142 9,183 9,537 10,044 10,419 11,310
Other Current Nonoperating Assets		 1,444 993 0.00 0.00 0.00 - - 508 0.00
Plant, Property, & Equipment, net		 5,228 5,224 5,168 5,148 5,150 5,225 5,419 5,555 7,139
Total Noncurrent Assets		 13,465 13,405 12,161 12,564 12,182 12,398 12,948 12,566 25,504
Long-Term Investments		 3,555 3,647 2,405 2,376 2,149 2,137 2,170 1,916 1,396
Goodwill		 4,437 4,403 4,354 4,444 4,263 4,368 4,528 4,327 9,855
Intangible Assets		 1,042 991 925 869 813 773 739 747 4,543
Noncurrent Deferred & Refundable Income Taxes		 1,582 1,428 1,383 1,499 1,639 1,639 1,733 1,684 5,182
Other Noncurrent Operating Assets		 2,849 2,936 3,094 3,376 3,318 3,481 3,778 3,892 4,528
Total Liabilities & Shareholders' Equity		 46,121 47,872 48,052 50,853 51,485 51,559 53,078 54,398 75,612
Total Liabilities		 37,741 37,892 38,003 40,336 40,892 41,887 43,131 44,669 60,547
Total Current Liabilities		 29,306 29,516 29,065 31,233 31,685 32,677 33,761 35,272 48,094
Accounts Payable		 8,432 7,726 7,885 9,000 8,602 8,421 9,035 9,541 9,572
Other Current Liabilities		 19,426 20,318 21,180 22,232 23,083 24,255 24,726 25,650 38,521
Other Current Nonoperating Liabilities		 1,448 1,472 0.00 0.00 0.00 - - 80 0.00
Total Noncurrent Liabilities		 8,435 8,376 8,938 9,103 9,207 9,210 9,370 9,397 12,453
Long-Term Debt		 - - - - - - - - 2,806
Noncurrent Deferred & Payable Income Tax Liabilities		 382 423 674 823 827 782 818 820 1,298
Noncurrent Employee Benefit Liabilities		 3,273 3,266 3,224 3,233 3,264 3,251 3,243 3,195 3,195
Other Noncurrent Operating Liabilities		 4,780 4,687 5,040 5,047 5,116 5,177 5,309 5,382 5,154
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,380 9,980 10,049 10,517 10,593 9,672 9,947 9,729 15,065
Total Preferred & Common Equity		 7,416 8,974 9,067 9,504 9,546 8,607 8,877 8,646 13,922
Total Common Equity		 7,416 8,973 9,067 9,504 9,545 8,606 8,877 8,646 13,921
Common Stock		 0.00 - 8,804 9,377 9,736 9,657 9,717 9,758 9,417
Retained Earnings		 0.00 - 1,294 1,198 1,611 1,865 2,241 2,626 10,762
Treasury Stock		 0.00 - - -40 -43 -1,256 -1,636 -2,300 -4,684
Accumulated Other Comprehensive Income / (Loss)		 -635 -686 -1,031 -1,031 -1,759 -1,660 -1,445 -1,438 -1,574
Noncontrolling Interest		 964 1,007 982 1,014 1,047 1,065 1,070 1,083 1,143

Annual Metrics And Ratios for GE Vernova

This table displays calculated financial ratios and metrics derived from GE Vernova's official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - -
Revenue Growth		 0.00% 12.09% 5.10% 8.97%
EBITDA Growth		 0.00% 277.19% 281.01% -1.58%
EBIT Growth		 0.00% 98.62% 7,534.38% 11.06%
NOPAT Growth		 0.00% 67.96% 145.50% 714.64%
Net Income Growth		 0.00% 82.59% 428.90% 212.96%
EPS Growth		 0.00% 84.00% 448.75% 217.03%
Operating Cash Flow Growth		 0.00% 1,140.35% 117.79% 93.07%
Free Cash Flow Firm Growth		 0.00% 0.00% 184.94% -59.79%
Invested Capital Growth		 0.00% 0.00% -92.71% 439.58%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 1.06%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -1.58%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -0.64%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 190.99%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 188.19%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 187.18%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 45.44%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -37.02%
Invested Capital Q/Q Growth		 0.00% 0.00% -67.96% 332.08%
Profitability Metrics		 - - - -
Gross Margin		 11.66% 14.50% 17.42% 19.79%
EBITDA Margin		 -1.77% 2.80% 10.16% 9.18%
Operating Margin		 -9.72% -2.78% 1.35% 3.65%
EBIT Margin		 -7.83% -0.10% 6.81% 6.94%
Profit (Net Income) Margin		 -9.18% -1.43% 4.46% 12.82%
Tax Burden Percent		 110.02% 364.62% 62.41% 172.52%
Interest Burden Percent		 106.50% 406.25% 105.00% 107.04%
Effective Tax Rate		 0.00% 0.00% 37.59% -72.52%
Return on Invested Capital (ROIC)		 0.00% -39.42% 16.72% 312.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -46.17% 0.35% 288.74%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 28.11% -0.28% -269.37%
Return on Equity (ROE)		 0.00% -11.31% 16.43% 42.63%
Cash Return on Invested Capital (CROIC)		 0.00% -239.42% 189.53% 174.55%
Operating Return on Assets (OROA)		 0.00% -0.07% 4.87% 4.61%
Return on Assets (ROA)		 0.00% -1.03% 3.19% 8.52%
Return on Common Equity (ROCE)		 0.00% -10.01% 14.69% 38.60%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -6.39% 16.33% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2,017 -646 294 2,395
NOPAT Margin		 -6.80% -1.94% 0.84% 6.29%
Net Nonoperating Expense Percent (NNEP)		 0.00% 6.75% 16.37% 23.27%
Return On Investment Capital (ROIC_SIMPLE)		 - -7.71% 2.78% 19.48%
Cost of Revenue to Revenue		 88.34% 85.51% 82.58% 80.21%
SG&A Expenses to Revenue		 18.08% 14.58% 13.26% 13.00%
R&D to Revenue		 3.30% 2.70% 2.81% 3.14%
Operating Expenses to Revenue		 21.38% 17.27% 16.07% 16.14%
Earnings before Interest and Taxes (EBIT)		 -2,323 -32 2,379 2,642
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -526 932 3,551 3,495
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 9.50 15.85
Price to Tangible Book Value (P/TBV)		 0.00 0.00 20.29 29.47
Price to Revenue (P/Rev)		 0.00 0.00 2.60 4.65
Price to Earnings (P/E)		 0.00 0.00 58.42 36.28
Dividend Yield		 0.00% 0.00% 0.08% 0.15%
Earnings Yield		 0.00% 0.00% 1.71% 2.76%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 340.43 129.45
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.33 4.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 22.91 47.96
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 34.20 63.45
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 276.79 70.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 31.50 33.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 24.41 125.13
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.61 -0.81 -0.93
Leverage Ratio		 0.00 5.50 5.14 5.00
Compound Leverage Factor		 0.00 22.36 5.40 5.35
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 11.50% 9.88% 9.09%
Common Equity to Total Capital		 0.00% 88.50% 90.11% 90.91%
Debt to EBITDA		 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 2.26 2.96
Noncontrolling Interest Sharing Ratio		 0.00% 11.50% 10.60% 9.46%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 0.94 1.08 0.98
Quick Ratio		 0.00 0.31 0.52 0.46
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -3,924 3,333 1,340
Operating Cash Flow to CapEx		 -24.78% 173.39% 301.05% 402.83%
Free Cash Flow to Firm to Interest Expense		 0.00 -40.04 0.00 0.00
Operating Cash Flow to Interest Expense		 -0.76 12.10 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -3.80 5.12 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.72 0.72 0.66
Accounts Receivable Turnover		 0.00 4.44 4.46 4.23
Inventory Turnover		 0.00 3.44 3.43 3.21
Fixed Asset Turnover		 0.00 6.36 6.73 6.82
Accounts Payable Turnover		 0.00 3.37 3.39 3.51
Days Sales Outstanding (DSO)		 0.00 82.24 81.84 86.20
Days Inventory Outstanding (DIO)		 0.00 105.99 106.53 113.66
Days Payable Outstanding (DPO)		 0.00 108.29 107.75 104.07
Cash Conversion Cycle (CCC)		 0.00 79.94 80.62 95.79
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 3,278 239 1,295
Invested Capital Turnover		 0.00 20.28 19.87 49.60
Increase / (Decrease) in Invested Capital		 0.00 3,278 -3,039 1,055
Enterprise Value (EV)		 0.00 0.00 81,364 167,632
Market Capitalization		 0.00 0.00 90,671 177,196
Book Value per Share		 $0.00 $27.07 $34.63 $41.20
Tangible Book Value per Share		 $0.00 $7.07 $16.21 $22.16
Total Capital		 0.00 8,380 10,593 12,296
Total Debt		 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 0.00 -5,106 -10,354 -10,682
Capital Expenditures (CapEx)		 460 684 858 1,238
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -3,429 -5,737 -9,604
Debt-free Net Working Capital (DFNWC)		 0.00 -1,878 2,468 -756
Net Working Capital (NWC)		 0.00 -1,878 2,468 -756
Net Nonoperating Expense (NNE)		 705 -172 -1,265 -2,484
Net Nonoperating Obligations (NNO)		 0.00 -5,102 -10,354 -11,001
Total Depreciation and Amortization (D&A)		 1,797 964 1,172 853
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -10.32% -16.42% -25.23%
Debt-free Net Working Capital to Revenue		 0.00% -5.65% 7.06% -1.99%
Net Working Capital to Revenue		 0.00% -5.65% 7.06% -1.99%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $5.65 $17.92
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 275M 272M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $5.58 $17.69
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 278M 276M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 275.90M 269.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -2,017 -646 294 972
Normalized NOPAT Margin		 -6.80% -1.94% 0.84% 2.55%
Pre Tax Income Margin		 -8.34% -0.39% 7.15% 7.43%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 -15.38 -0.33 0.00 0.00
NOPAT to Interest Expense		 -13.36 -6.59 0.00 0.00
EBIT Less CapEx to Interest Expense		 -18.43 -7.31 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -16.40 -13.57 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 5.64%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 73.60%

Quarterly Metrics And Ratios for GE Vernova

This table displays calculated financial ratios and metrics derived from GE Vernova's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 268,719,995.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 268,719,995.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 17.66
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 6.42% 1.05% 8.00% 5.11% 10.63% 11.06% 11.85% 3.77% 16.27%
EBITDA Growth		 0.00% 0.00% 203.68% 667.52% -3.23% 119.58% 185.21% -55.01% 281.25% -4.16% 1,023.86%
EBIT Growth		 0.00% 0.00% 79.19% 30,940.00% -2,733.33% 198.34% 437.80% -60.89% 544.30% -1.58% 1,732.13%
NOPAT Growth		 0.00% 0.00% 38.38% 276.40% -16.94% 111.10% 116.90% -31.52% 188.44% 676.06% 387.19%
Net Income Growth		 0.00% 0.00% 69.36% 959.06% 46.49% 134.95% 349.06% -61.56% 557.58% 658.26% 1,699.24%
EPS Growth		 0.00% 0.00% 0.00% 945.45% 43.55% 0.00% 293.62% -60.00% 568.57% 658.86% 1,816.48%
Operating Cash Flow Growth		 0.00% 0.00% 35.65% 439.93% 383.69% -52.30% 361.49% -62.51% -13.04% 169.16% 346.86%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 210.71% 257.31% 253.04% -71.44% -261.14%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -92.71% -116.05% -106.28% -174.80% 439.58% 1,204.03%
Revenue Q/Q Growth		 1.65% 21.71% 0.00% 13.00% 8.64% 18.46% -23.93% 13.43% 9.42% 9.90% -14.76%
EBITDA Q/Q Growth		 5.98% 147.18% 0.00% 962.72% -86.64% 460.83% -64.19% 67.63% 13.24% 40.98% 319.92%
EBIT Q/Q Growth		 220.00% 5,916.67% 0.00% 1,980.49% -110.25% 781.65% -74.28% 117.69% 16.42% 51.00% 378.77%
NOPAT Q/Q Growth		 9.97% 156.70% 0.00% 308.14% -159.68% 202.35% -86.71% 743.26% -22.92% 798.13% -91.65%
Net Income Q/Q Growth		 -24.16% 211.35% 0.00% 1,307.55% -107.73% 588.89% -45.45% 86.36% -7.93% 710.15% 29.43%
EPS Q/Q Growth		 -12.73% 0.00% 0.00% 0.00% -107.53% 0.00% 0.00% 104.40% -11.83% 709.76% 31.33%
Operating Cash Flow Q/Q Growth		 180.90% 728.76% 0.00% 320.50% 15.12% -18.28% 26.06% -68.39% 167.03% 152.96% 109.28%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 61.65% 30.84% 430.51% 26.30% -45.51% -32.72% -38.34% -812.84%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -47.64% -59.96% -67.96% -338.91% 79.51% -376.92% 332.08% 386.80%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 12.73% 16.93% 15.84% 20.75% 12.44% 20.12% 18.30% 20.26% 19.03% 21.19% 19.07%
EBITDA Margin		 3.01% 6.10% 2.33% 21.89% 2.69% 12.75% 6.00% 8.87% 9.18% 11.77% 58.00%
Operating Margin		 -3.72% 1.93% -3.98% 6.42% -4.03% 5.61% 0.54% 4.15% 3.67% 5.49% 1.92%
EBIT Margin		 0.07% 3.59% -1.13% 18.80% -1.77% 10.20% 3.45% 6.62% 7.04% 9.68% 54.34%
Profit (Net Income) Margin		 -2.24% 2.05% -1.46% 15.60% -1.11% 4.58% 3.29% 5.40% 4.54% 33.50% 50.86%
Tax Burden Percent		 1,156.25% 62.80% 110.42% 79.90% 81.15% 43.45% 79.52% 76.28% 60.72% 332.13% 93.08%
Interest Burden Percent		 -266.67% 90.86% 117.07% 103.89% 77.22% 103.44% 119.86% 106.97% 106.27% 104.25% 100.55%
Effective Tax Rate		 0.00% 37.20% 0.00% 20.10% 0.00% 56.55% 20.48% 23.72% 39.28% -232.13% 6.94%
Return on Invested Capital (ROIC)		 0.00% 12.30% 0.00% 0.00% 0.00% 48.40% 10.18% 132.73% 893.42% 903.67% 24.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 10.65% 0.00% 0.00% 0.00% 45.46% 7.42% 130.50% 891.12% 887.99% -23.73%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -6.48% 0.00% 0.00% 0.00% -37.04% -6.29% -119.10% -882.85% -828.44% 18.23%
Return on Equity (ROE)		 0.00% 5.82% 0.00% 0.00% 0.00% 11.36% 3.89% 13.63% 10.58% 75.23% 42.74%
Cash Return on Invested Capital (CROIC)		 0.00% -119.71% 0.00% 0.00% 0.00% 189.53% 0.00% 0.00% 0.00% 174.55% -79.27%
Operating Return on Assets (OROA)		 0.00% 2.59% 0.00% 0.00% 0.00% 7.30% 2.48% 4.79% 5.04% 6.43% 33.65%
Return on Assets (ROA)		 0.00% 1.48% 0.00% 0.00% 0.00% 3.28% 2.36% 3.91% 3.25% 22.27% 31.50%
Return on Common Equity (ROCE)		 0.00% 5.15% 0.00% 0.00% 0.00% 10.16% 3.48% 12.23% 9.48% 68.11% 38.92%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.41% 12.85% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -215 122 -202 421 -251 257 34 288 222 1,996 167
NOPAT Margin		 -2.60% 1.21% -2.79% 5.13% -2.82% 2.44% 0.43% 3.16% 2.23% 18.22% 1.78%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.65% 3.00% 20.99% 3.12% 2.93% 2.76% 2.23% 2.30% 15.68% 48.24%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.45% - - - 2.43% 0.35% 2.90% 2.28% 16.23% 0.93%
Cost of Revenue to Revenue		 87.25% 83.07% 84.15% 79.25% 87.56% 79.89% 81.70% 79.75% 80.96% 78.81% 80.93%
SG&A Expenses to Revenue		 13.75% 12.46% 16.56% 11.43% 13.76% 11.99% 14.79% 13.01% 12.25% 12.37% 13.90%
R&D to Revenue		 2.70% 2.54% 3.26% 2.89% 2.73% 2.51% 2.98% 3.10% 3.11% 3.34% 3.26%
Operating Expenses to Revenue		 16.45% 15.00% 19.82% 14.32% 16.48% 14.50% 17.77% 16.10% 15.36% 15.71% 17.15%
Earnings before Interest and Taxes (EBIT)		 6.00 361 -82 1,542 -158 1,077 277 603 702 1,060 5,075
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 248 613 169 1,796 240 1,346 482 808 915 1,290 5,417
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 5.18 7.37 9.50 9.78 16.26 19.35 15.85 16.90
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 12.41 16.72 20.29 24.29 39.99 46.84 29.47 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 2.60 2.36 3.94 4.44 4.65 5.98
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 58.42 43.47 124.88 98.19 36.28 25.10
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.08% 0.09% 0.12% 0.15% 0.20%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 1.71% 2.30% 0.80% 1.02% 2.76% 3.98%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 21.37 82.19 340.43 0.00 0.00 0.00 129.45 36.11
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 2.33 2.10 3.70 4.21 4.40 5.78
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 22.91 19.41 47.07 44.65 47.96 27.01
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 34.20 27.39 75.25 59.63 63.45 30.60
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 276.79 141.64 357.19 192.66 70.00 121.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 31.50 17.90 37.85 46.24 33.61 25.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 24.41 16.10 57.38 74.54 125.13 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19
Financial Leverage		 0.00 -0.61 -0.64 -0.81 -0.93 -0.81 -0.85 -0.91 -0.99 -0.93 -0.77
Leverage Ratio		 0.00 5.50 4.80 4.78 4.84 5.14 5.06 5.06 5.20 5.00 5.14
Compound Leverage Factor		 0.00 5.00 5.62 4.97 3.73 5.32 6.06 5.41 5.52 5.21 5.17
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.70%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.70%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 11.50% 10.09% 9.77% 9.64% 9.88% 11.01% 10.76% 11.13% 9.09% 6.40%
Common Equity to Total Capital		 0.00% 88.50% 89.91% 90.23% 90.37% 90.11% 88.98% 89.24% 88.87% 90.91% 77.90%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.33
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.04
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.33
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.49
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.67
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.49
Altman Z-Score		 0.00 0.00 0.00 0.93 1.11 2.18 2.00 2.82 3.07 2.88 3.19
Noncontrolling Interest Sharing Ratio		 0.00% 11.50% 10.09% 9.77% 9.63% 10.60% 10.55% 10.26% 10.35% 9.46% 8.93%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.94 0.99 1.06 1.06 1.08 1.04 1.03 1.03 0.98 0.89
Quick Ratio		 0.00 0.31 0.35 0.42 0.47 0.52 0.47 0.44 0.43 0.46 0.41
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -3,760 -1,442 -997 3,296 4,163 2,268 1,526 941 -6,708
Operating Cash Flow to CapEx		 136.26% 704.74% -208.45% 661.49% 722.44% 270.09% 763.82% 212.14% 395.16% 372.78% 2,358.18%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -268.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 11.10 55.17 -31.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 2.95 47.34 -46.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.72 0.00 0.00 0.00 0.72 0.72 0.72 0.72 0.66 0.62
Accounts Receivable Turnover		 0.00 4.44 0.00 0.00 0.00 4.46 5.02 5.47 5.16 4.23 4.71
Inventory Turnover		 0.00 3.44 0.00 0.00 0.00 3.43 3.25 3.14 3.13 3.21 2.99
Fixed Asset Turnover		 0.00 6.36 0.00 0.00 0.00 6.73 6.83 6.92 7.04 6.82 6.37
Accounts Payable Turnover		 0.00 3.37 0.00 0.00 0.00 3.39 3.63 3.55 3.27 3.51 3.50
Days Sales Outstanding (DSO)		 0.00 82.24 0.00 0.00 0.00 81.84 72.74 66.69 70.73 86.20 77.42
Days Inventory Outstanding (DIO)		 0.00 105.99 0.00 0.00 0.00 106.53 112.20 116.36 116.77 113.66 121.99
Days Payable Outstanding (DPO)		 0.00 108.29 0.00 0.00 0.00 107.75 100.56 102.70 111.55 104.07 104.15
Cash Conversion Cycle (CCC)		 0.00 79.94 0.00 0.00 0.00 80.62 84.37 80.35 75.95 95.79 95.26
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 3,278 3,558 1,863 746 239 -571 -117 -558 1,295 6,304
Invested Capital Turnover		 0.00 10.14 0.00 0.00 0.00 19.87 23.91 41.94 400.74 49.60 13.74
Increase / (Decrease) in Invested Capital		 0.00 0.00 3,558 1,863 746 -3,039 -4,129 -1,980 -1,304 1,055 6,875
Enterprise Value (EV)		 0.00 0.00 0.00 39,806 61,312 81,364 74,984 135,369 158,543 167,632 227,653
Market Capitalization		 0.00 0.00 0.00 47,008 70,069 90,671 84,163 144,361 167,321 177,196 235,272
Book Value per Share		 $0.00 $27.07 $32.74 $33.08 $34.58 $34.63 $31.19 $32.52 $31.76 $41.20 $51.65
Tangible Book Value per Share		 $0.00 $7.07 $13.06 $13.82 $15.25 $16.21 $12.56 $13.23 $13.12 $22.16 ($1.77)
Total Capital		 0.00 8,380 9,980 10,049 10,517 10,593 9,672 9,947 9,729 12,296 17,871
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,806
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,806
Net Debt		 0.00 -5,106 -6,902 -8,184 -9,771 -10,354 -10,244 -10,062 -9,861 -10,682 -8,762
Capital Expenditures (CapEx)		 171 274 213 148 156 341 152 173 248 665 220
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -3,429 -3,528 -4,122 -5,487 -5,737 -6,848 -6,944 -6,939 -9,604 -15,297
Debt-free Net Working Capital (DFNWC)		 0.00 -1,878 -273 1,657 1,908 2,468 1,259 948 1,006 -756 -5,125
Net Working Capital (NWC)		 0.00 -1,878 -273 1,657 1,908 2,468 1,259 948 1,006 -756 -5,125
Net Nonoperating Expense (NNE)		 -30 -84 -96 -859 -152 -227 -230 -204 -231 -1,674 -4,583
Net Nonoperating Obligations (NNO)		 0.00 -5,102 -6,422 -8,186 -9,771 -10,354 -10,243 -10,064 -10,287 -11,001 -8,761
Total Depreciation and Amortization (D&A)		 242 252 251 254 398 269 205 205 213 230 342
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -10.32% 0.00% 0.00% 0.00% -16.42% -19.18% -18.97% -18.42% -25.23% -38.85%
Debt-free Net Working Capital to Revenue		 0.00% -5.65% 0.00% 0.00% 0.00% 7.06% 3.53% 2.59% 2.67% -1.99% -13.02%
Net Working Capital to Revenue		 0.00% -5.65% 0.00% 0.00% 0.00% 7.06% 3.53% 2.59% 2.67% -1.99% -13.02%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $4.72 ($0.35) $0.00 $0.92 $1.89 $1.66 $13.45 $17.65
Adjusted Weighted Average Basic Shares Outstanding		 0.00 274M 274.09M 274M 275M 275M 275M 272M 272M 272M 269M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $4.65 ($0.35) $0.00 $0.91 $1.86 $1.64 $13.28 $17.44
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 274M 274.09M 278M 275M 278M 279M 276M 275M 276M 272M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 274.09M 274.80M 275.65M 275.90M 272.93M 272.22M 271.32M 269.53M 268.72M
Normalized Net Operating Profit after Tax (NOPAT)		 -215 122 -202 421 -251 414 34 288 222 421 167
Normalized NOPAT Margin		 -2.60% 1.21% -2.79% 5.13% -2.82% 3.93% 0.43% 3.16% 2.23% 3.84% 1.78%
Pre Tax Income Margin		 -0.19% 3.27% -1.32% 19.53% -1.37% 10.55% 4.13% 7.08% 7.48% 10.09% 54.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.29 10.31 -5.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -10.23 3.48 -14.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -7.86 2.49 -21.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -18.38 -4.35 -29.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.64% 3.66%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 73.60% 40.96%

Financials Breakdown Chart

Key Financial Trends

GE Vernova Inc. (GEV) posted a solid Q4 2025 result with improving top-line momentum, expanding gross margins, and meaningful cash flow generation. Looking across the last four quarters, the company has shown profitability resilience and ongoing capital returns, but continues to carry a relatively high balance sheet leverage. Below are the key takeaways for retail investors.

  • Revenue momentum: Q4 2025 operating revenue reached 10.96B, up from 9.97B in Q3 2025, signaling improving top-line momentum into year-end.
  • Gross margin expanded: Total gross profit of 2.322B on 10.956B revenue implies a gross margin of about 21.2%, up from the prior quarter.
  • Operating profitability improving: Q4 2025 operating income of 0.601B (~5.5% margin) vs 0.366B in Q3 2025, indicating margin improvement.
  • Strong net income and per-share performance: Net income attributable to common shareholders 3.664B with basic EPS 13.45 in Q4 2025, supported by solid quarterly profitability.
  • Healthy cash generation: Net cash from continuing operating activities of 2.48B in Q4 2025 and roughly 1.8B+ free cash flow when adjusting for capex, reflecting solid cash generation.
  • Balance sheet stability versus peers: Total liabilities around 44.7B vs total equity near 8.6B in recent quarters, indicating a higher leverage profile rather than a deficiency in liquidity.
  • Capital allocation activity: Notable share repurchases in Q4 2025 (about 1.08B) alongside ongoing debt management, which weighs on near-term cash but can support per-share metrics over time.
  • Capex cadence: Purchase of property, plant & equipment around 0.67B in Q4 2025, with capex varying by quarter, suggesting ongoing investments in asset base without excessive cash drag.
  • High leverage risk: Liabilities substantially exceed equity (liabilities ~44.7B vs equity ~8.6B), which may increase sensitivity to downturns or rising interest costs.
  • Financing outflows: Ongoing net cash outflows from financing activities (e.g., buybacks and dividends) in recent quarters, potentially constraining liquidity for other strategic needs.
05/10/26 03:26 AM ETAI Generated. May Contain Errors.

GE Vernova Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GE Vernova's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

GE Vernova's net income appears to be on an upward trend, with a most recent value of $4.88 billion in 2025, falling from -$2.72 billion in 2022. The previous period was $1.56 billion in 2024. Check out GE Vernova's forecast to explore projected trends and price targets.

GE Vernova's total operating income in 2025 was $1.39 billion, based on the following breakdown:
  • Total Gross Profit: $7.54 billion
  • Total Operating Expenses: $6.15 billion

Over the last 3 years, GE Vernova's total revenue changed from $29.65 billion in 2022 to $38.07 billion in 2025, a change of 28.4%.

GE Vernova's total liabilities were at $50.72 billion at the end of 2025, a 24.0% increase from 2024, and a 34.4% increase since 2023.

In the past 2 years, GE Vernova's cash and equivalents has ranged from $1.55 billion in 2023 to $8.85 billion in 2025, and is currently $8.85 billion as of their latest financial filing in 2025.

Over the last 3 years, GE Vernova's book value per share changed from 0.00 in 2022 to 41.20 in 2025, a change of 4,119.9%.


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Financial statements for NYSE:GEV last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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