GEV · Ge Vernova Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.34B | - | $9.97B | $9.11B | $8.03B | - | $8.25B | $8.12B | $7.26B | - |
| Cost of Revenue | $7.56B | - | $8.07B | $7.27B | $6.56B | - | $7.20B | $6.97B | $6.11B | - |
| Gross Profit | $1.78B | - | $1.90B | $1.85B | $1.47B | - | $1.11B | $1.15B | $1.15B | - |
| R&D | $304.00M | - | $310.00M | $282.00M | $239.00M | - | $243.00M | $237.00M | $237.00M | - |
| SG&A | $1.30B | - | $1.22B | $1.19B | $1.19B | - | $1.23B | $938.00M | $1.20B | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $166.00M | - | $152.00M | $145.00M | $149.00M | - | $184.00M | $191.00M | $188.00M | - |
| Operating Income | $179.00M | - | $366.00M | $378.00M | $43.00M | - | ($359.00M) | $527.00M | ($289.00M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $354.00M | - | $293.00M | $153.00M | $68.00M | - | $169.00M | $122.00M | $10.00M | - |
| Net Income | $4.75B | - | $452.00M | $514.00M | $254.00M | - | ($96.00M) | ($150.00M) | ($130.00M) | - |
| EPS - Basic | $17.65 | - | $1.66 | $1.89 | ($0.47) | - | ($0.62) | ($0.55) | - | - |
| EPS - Diluted | $17.44 | - | $1.64 | $1.86 | ($0.47) | - | ($0.35) | ($0.55) | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.17B | $8.85B | $7.95B | $7.89B | $8.11B | $8.21B | $7.39B | $4.20B | $3.25B | $1.80B |
| Accounts Receivable | $9.57B | $9.80B | $7.37B | $6.95B | $8.18B | - | - | - | - | - |
| Inventory | $11.92B | $10.43B | $10.03B | $9.82B | $9.16B | $8.59B | $9.38B | $9.35B | $8.25B | - |
| Accounts Payable | $6.33B | $5.72B | $5.89B | $5.75B | $4.97B | - | - | - | - | - |
| Current Assets | $42.97B | $40.22B | $36.28B | $34.71B | $33.94B | $34.15B | $33.14B | $30.72B | $27.43B | - |
| Total Assets | $75.61B | $63.02B | $54.40B | $53.08B | $51.56B | $51.48B | $50.85B | $48.05B | $46.12B | - |
| Current Liabilities | $48.09B | $40.97B | $35.27B | $33.76B | $32.68B | $31.68B | $31.23B | $29.07B | $29.31B | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $60.55B | $50.72B | $44.67B | $43.13B | $41.89B | $40.89B | $40.34B | $38.00B | $37.74B | - |
| Stockholders' Equity | $13.92B | $11.18B | $8.65B | $8.88B | $8.61B | $9.55B | $9.50B | $9.07B | $7.42B | $13.73B |
| Retained Earnings | $10.76B | $6.15B | $2.63B | $2.24B | $1.86B | $1.61B | $1.20B | $1.29B | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.19B | - | - | - | $1.16B | - | - | - | ($444.00M) | - |
| Investing Cash Flow | ($4.29B) | - | - | - | ($93.00M) | - | - | - | ($285.00M) | - |
| Financing Cash Flow | $442.00M | - | - | - | ($1.26B) | - | - | - | $1.93B | - |
| CapEx | $397.00M | - | - | - | $186.00M | - | - | - | $217.00M | - |
| Free Cash Flow | $4.79B | - | - | - | $975.00M | - | - | - | ($661.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.1% | - | 19.0% | 20.3% | 18.3% | - | 13.4% | 14.1% | 15.8% | - |
| Operating margin | 1.9% | - | 3.7% | 4.1% | 0.5% | - | -4.3% | 6.5% | -4.0% | - |
| EBITDA margin | 3.7% | - | 5.2% | 5.7% | 2.4% | - | -2.1% | 8.8% | -1.4% | - |
| Net margin | 50.8% | - | 4.5% | 5.6% | 3.2% | - | -1.2% | -1.8% | -1.8% | - |
| Free cash flow margin | 51.3% | - | - | - | 12.1% | - | - | - | -9.1% | - |
| FCF / Net income | 1.01 | - | - | - | 3.84 | - | - | - | 5.08 | - |
| R&D / Revenue | 3.3% | - | 3.1% | 3.1% | 3.0% | - | 2.9% | 2.9% | 3.3% | - |
| SG&A / Revenue | 13.9% | - | 12.2% | 13.0% | 14.8% | - | 14.9% | 11.6% | 16.6% | - |
| Effective tax rate | 6.9% | - | 39.3% | 22.9% | 21.1% | - | 231.5% | - | - | - |
| Return on assets | 6.3% | - | 0.8% | 1.0% | 0.5% | - | -0.2% | -0.3% | -0.3% | - |
| Return on equity | 34.1% | - | 5.2% | 5.8% | 3.0% | - | -1.0% | -1.7% | -1.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.89 | 0.98 | 1.03 | 1.03 | 1.04 | 1.08 | 1.06 | 1.06 | 0.94 | - |
| Quick ratio | 0.65 | 0.73 | 0.74 | 0.74 | 0.76 | 0.81 | 0.76 | 0.74 | 0.65 | - |
| Cash ratio | 0.21 | 0.22 | 0.23 | 0.23 | 0.25 | 0.26 | 0.24 | 0.14 | 0.11 | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 5.43 | 5.64 | 6.29 | 5.98 | 5.99 | 5.39 | 5.35 | 5.30 | 6.22 | - |
| Liabilities / Assets | 0.80 | 0.80 | 0.82 | 0.81 | 0.81 | 0.79 | 0.79 | 0.79 | 0.82 | - |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.18 | 0.17 | 0.16 | - | 0.16 | 0.17 | 0.16 | - |
| Inventory turnover | 0.63 | - | 0.80 | 0.74 | 0.72 | - | 0.77 | 0.75 | 0.74 | - |
| Days sales outstanding | 374d | - | 270d | 278d | 372d | - | - | - | - | - |
| Days inventory outstanding | 576d | - | 454d | 494d | 509d | - | 475d | 489d | 493d | - |
| Days payable outstanding | 306d | - | 266d | 289d | 276d | - | - | - | - | - |
| Cash conversion cycle | 644d | - | 457d | 483d | 605d | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 50.1x | - | 374.9x | 284.5x | - | - | - | - | - | - |
| P / B | 17.1x | - | 19.6x | 16.5x | 9.7x | - | 7.4x | 5.2x | - | - |
| P / S | 25.4x | - | 17.0x | 16.0x | 10.4x | - | 8.5x | 5.8x | - | - |
| EV / EBITDA | 658.7x | - | 311.1x | 264.2x | 393.4x | - | - | 59.6x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.3% | - | 20.8% | 12.2% | 10.6% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 21.2% | - | 71.1% | 60.9% | 27.8% | - | - | - | - | - |
| Operating income growth (YoY) | 316.3% | - | - | -28.3% | - | - | - | - | - | - |
| Net income growth (YoY) | 1768.1% | - | - | - | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 391.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 61.8% | 17.1% | -9.0% | -2.1% | 16.1% | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$30.87B totalPower Segment$16.01B · 51.9%
Wind Segment$8.24B · 26.7%
Electrification Segment$6.62B · 21.4%
Product / service
$38.07B totalProduct$20.93B · 55.0%
Service$17.13B · 45.0%
Geographic
$58.80B totalNon Us$20.73B · 35.3%
US$17.34B · 29.5%
Europe$7.59B · 12.9%
Middle East And Africa$5.39B · 9.2%
Asia$4.63B · 7.9%
Americas Excluding U.S.$3.12B · 5.3%
Peer comparison
Same SIC group: Electronic & Other Electrical Equipment (No Computer Equip)
Comparing GE Vernova Inc. against the 5 most active filers in the same SIC group.
Dividends
$1.50/share trailing 12 months · +200.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.5000 |
| Jan 5, 2026 | $0.5000 |
| Oct 20, 2025 | $0.2500 |
| Jul 21, 2025 | $0.2500 |
| Apr 17, 2025 | $0.2500 |
| Dec 20, 2024 | $0.2500 |