GE Vernova Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:07:21Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Free Cash Flow | 3.71B | 1.70B | 442.00M | -627.00M |
| EBITDA | 2.24B | 1.64B | 41.00M | -1.08B |
| Working Capital | -756.00M | 2.47B | -1.88B | — |
| Net Debt | -7.65B | -7.15B | -377.00M | — |
| Gross Margin | 19.79% | 17.42% | 14.49% | 11.66% |
| Operating Margin | 3.65% | 1.35% | -2.78% | -9.72% |
| Net Margin | 12.83% | 4.44% | -1.32% | -9.23% |
| Return on Equity (ROE) | 43.69% | 16.26% | -5.91% | -23.57% |
| Return on Assets (ROA) | 7.75% | 3.01% | -0.95% | — |
| Current Ratio | 0.98× | 1.08× | 0.94× | — |
| Debt-to-Equity | 0.11× | 0.11× | 0.16× | — |
| Effective Tax Rate | -72.52% | 37.59% | -264.62% | -10.02% |
| Cash Conversion Ratio | 1.02× | 1.66× | -2.71× | 0.04× |
| Accruals Ratio | -0.00× | -0.02× | -0.04× | — |
| SBC % of Revenue | 0.68% | 0.44% | — | — |
| CapEx Coverage | 3.91× | 2.93× | 1.59× | -0.22× |
| Free Cash Flow Per Share | $13.44 | $6.12 | $1.61 | $-2.29 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| P/E Trailing (Diluted) | 36.95× | 58.95× | — | — |
| P/FCF | 48.62× | 53.79× | — | — |
| FCF Yield | 2.06% | 1.86% | — | — |
| EV / EBITDA | 75.19× | 50.88× | — | — |
| P/S | 4.63× | 2.60× | — | — |
| P/B | 15.76× | 9.51× | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 38.07B | 34.94B | 33.24B | 29.65B |
| Cost of Goods and Services Sold | 30.53B | 28.85B | 28.42B | 26.20B |
| Gross Profit | 7.54B | 6.08B | 4.82B | 3.46B |
| Research and Development Expense | 1.20B | 982.00M | 896.00M | 979.00M |
| Selling, General and Administrative Expense | 4.95B | 4.63B | 4.84B | 5.36B |
| Operating Income (Loss) | 1.39B | 471.00M | -923.00M | -2.88B |
| Income Tax Expense (Benefit) | -2.05B | 939.00M | 344.00M | 248.00M |
| Net Income (Loss) Attributable to Parent | 4.88B | 1.55B | -438.00M | -2.74B |
| Earnings Per Share, Basic | $17.92 | $5.65 | $-1.60 | $-10.00 |
| Weighted Average Number of Shares Outstanding, Basic | 272.00M | 275.00M | 274.00M | 274.00M |
| Earnings Per Share, Diluted | $17.69 | $5.58 | $-1.60 | $-10.00 |
| Weighted Average Number of Shares Outstanding, Diluted | 276.00M | 278.00M | 274.00M | 274.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Assets, Current | 40.22B | 34.15B | 27.43B | — |
| Assets | 63.02B | 51.48B | 46.12B | — |
| Liabilities, Current | 40.97B | 31.68B | 29.31B | — |
| Liabilities | 50.72B | 40.89B | 37.74B | — |
| Stockholders' Equity Attributable to Parent | 11.18B | 9.55B | 7.42B | — |
| Common Stock, Shares, Outstanding | 269.53M | 275.88M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 | FY 2024 |
|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.99B | 2.58B | 1.19B | -114.00M |
| Net Cash Provided by (Used in) Investing Activities | -755.00M | -37.00M | -734.00M | -322.00M |
| Payments for Repurchase of Common Stock | 3.32B | 43.00M | 0 | — |
| Payments of Dividends | 275.00M | 0 | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -3.81B | 3.65B | -408.00M | 811.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 4.79B | 1.81B | 1.90B | 1.17B | 975.00M | 571.00M |
| EBITDA | 521.00M | 831.00M | 579.00M | 583.00M | 248.00M | 862.00M |
| Working Capital | -5.13B | -756.00M | 1.01B | 948.00M | 1.26B | 2.47B |
| Net Debt | -6.42B | -7.65B | -6.87B | -6.83B | -7.09B | -7.15B |
| Gross Margin | 19.07% | 21.19% | 19.03% | 20.26% | 18.30% | 20.11% |
| Operating Margin | 1.92% | 5.49% | 3.67% | 4.15% | 0.54% | 5.62% |
| Net Margin | 50.81% | 33.44% | 4.53% | 5.64% | 3.16% | 4.58% |
| Return on Equity (ROE) | 34.08% | 32.78% | 5.23% | 5.79% | 2.95% | 5.07% |
| Return on Assets (ROA) | 6.28% | 5.81% | 0.83% | 0.97% | 0.49% | 0.94% |
| Current Ratio | 0.89× | 0.98× | 1.03× | 1.03× | 1.04× | 1.08× |
| Debt-to-Equity | 0.27× | 0.11× | 0.12× | 0.12× | 0.12× | 0.11× |
| Effective Tax Rate | 6.94% | -232.13% | 39.28% | 23.72% | 20.48% | 56.51% |
| Cash Conversion Ratio | 1.09× | 0.68× | 5.55× | 2.97× | 4.57× | 1.90× |
| Accruals Ratio | -0.01× | 0.02× | -0.04× | -0.02× | -0.02× | -0.01× |
| SBC % of Revenue | — | — | — | — | — | 0.48% |
| CapEx Coverage | 13.07× | 3.69× | 4.14× | 4.26× | 6.24× | 2.63× |
| Free Cash Flow Per Share | $17.61 | $6.55 | $6.92 | $4.24 | $3.49 | $2.05 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 25.51× | 36.95× | 100.15× | 127.51× | 43.99× | 59.16× |
| EV / EBITDA | 90.75× | 75.19× | 70.41× | 79.18× | 39.48× | 50.82× |
| P/S | 5.96× | 4.63× | 4.43× | 3.93× | 2.33× | 2.60× |
| P/B | 16.85× | 15.76× | 19.30× | 16.23× | 9.68× | 9.51× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 9.34B | 10.96B | 9.97B | 9.11B | 8.03B | 10.56B |
| Cost of Goods and Services Sold | 7.56B | 8.63B | 8.07B | 7.27B | 6.56B | 8.44B |
| Gross Profit | 1.78B | 2.32B | 1.90B | 1.85B | 1.47B | 2.12B |
| Research and Development Expense | 304.00M | 365.00M | 310.00M | 282.00M | 239.00M | 265.00M |
| Selling, General and Administrative Expense | 1.30B | 1.35B | 1.22B | 1.19B | 1.19B | 1.27B |
| Operating Income (Loss) | 179.00M | 601.00M | 366.00M | 378.00M | 43.00M | 593.00M |
| Income Tax Expense (Benefit) | 354.00M | -2.56B | 293.00M | 153.00M | 68.00M | 629.00M |
| Net Income (Loss) Attributable to Parent | 4.75B | 3.66B | 452.00M | 514.00M | 254.00M | 484.00M |
| Earnings Per Share, Basic | $17.65 | $13.45 | $1.66 | $1.89 | $0.92 | $1.75 |
| Weighted Average Number of Shares Outstanding, Basic | 269.00M | 272.00M | 272.00M | 272.00M | 275.00M | 275.00M |
| Earnings Per Share, Diluted | $17.44 | $13.28 | $1.64 | $1.86 | $0.91 | $1.73 |
| Weighted Average Number of Shares Outstanding, Diluted | 272.00M | 276.00M | 275.00M | 276.00M | 279.00M | 278.00M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 42.97B | 40.22B | 36.28B | 34.71B | 33.94B | 34.15B |
| Assets | 75.61B | 63.02B | 54.40B | 53.08B | 51.56B | 51.48B |
| Liabilities, Current | 48.09B | 40.97B | 35.27B | 33.76B | 32.68B | 31.68B |
| Liabilities | 60.55B | 50.72B | 44.67B | 43.13B | 41.89B | 40.89B |
| Stockholders' Equity Attributable to Parent | 13.92B | 11.18B | 8.65B | 8.88B | 8.61B | 9.55B |
| Common Stock, Shares, Outstanding | 268.72M | 269.53M | 271.32M | 272.22M | 272.93M | 275.88M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 5.19B | 2.48B | 2.51B | 1.53B | 1.16B | 921.00M |
| Net Cash Provided by (Used in) Investing Activities | -4.29B | -374.00M | -381.00M | -214.00M | -93.00M | -175.00M |
| Payments for Repurchase of Common Stock | 1.28B | 1.07B | 2.24B | 1.58B | 1.10B | 3.00M |
| Payments of Dividends | 137.00M | 68.00M | 207.00M | 139.00M | 69.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | 442.00M | -1.18B | -2.63B | -1.86B | -1.26B | 163.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GEV CIK 0001996810),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.