GE Vernova Inc. GEV
INTRODUCTION. GE Vernova Inc. (the Company, GE Vernova, our, we, or us) is a global leader in the electric power industry, with
products and services that generate, transfer, orchestrate, convert, and store electricity. We design, manufacture, deliver, and service
technologies to create a more reliable, secure, and sustainable electric power system, enabling electrification and decarbonization,
underpinning the progress and prosperity of the communities we serve. We are a purpose-built company, positioned with a unique scope
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $38.07B | $34.94B | $33.24B | $29.65B | — |
| Cost of revenue | $30.53B | $28.85B | $28.42B | $26.20B | — |
| Gross profit | $7.54B | $6.08B | $4.82B | $3.46B | — |
| R&D | $1.20B | $982.0M | $896.0M | $979.0M | — |
| SG&A | $4.95B | $4.63B | $4.84B | $5.36B | — |
| Operating income | $1.39B | $471.0M | -$923.0M | -$2.88B | — |
| Pre-tax income | $2.83B | $2.50B | -$130.0M | -$2.47B | — |
| Income tax | $2.05B | $939.0M | $344.0M | $248.0M | — |
| Net income | $4.88B | $1.55B | -$438.0M | -$2.74B | — |
| EPS, basic | 17.92 | 5.65 | -1.60 | -10.00 | — |
| EPS, diluted | 17.69 | 5.58 | -1.60 | -10.00 | — |
| Shares, diluted (wtd. avg.) | $276.0M | $278.0M | $274.0M | $274.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $8.85B | $8.21B | $1.55B | $2.07B | $1.80B |
| Receivables | $9.80B | $8.18B | — | — | — |
| Inventory | $10.43B | $8.59B | $8.25B | — | — |
| Total current assets | $40.22B | $34.15B | $27.43B | — | — |
| Goodwill | $4.44B | $4.26B | $4.44B | $4.16B | — |
| Other intangibles | $727.0M | $813.0M | $1.04B | — | — |
| Total assets | $63.02B | $51.48B | $46.12B | — | — |
| Short-term debt | $63.0M | $60.0M | $145.0M | — | — |
| Total current liabilities | $40.97B | $31.68B | $29.31B | — | — |
| Total liabilities | $50.72B | $40.89B | $37.74B | — | — |
| Retained earnings | $6.15B | $1.61B | $0 | — | — |
| Total equity | $11.18B | $9.55B | $8.38B | $11.61B | $13.73B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $4.99B | $2.58B | $1.19B | -$114.0M | — |
| Depreciation and amortisation | $615.0M | $895.0M | $724.0M | $779.0M | — |
| Capital expenditure | $1.28B | $883.0M | $744.0M | $513.0M | — |
| Investing cash flow | -$755.0M | -$37.0M | -$734.0M | -$322.0M | — |
| Financing cash flow | -$3.81B | $3.65B | -$408.0M | $811.0M | — |
| Dividends paid | $275.0M | $0 | $0 | — | — |
| Buybacks | $3.32B | $43.0M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001996810-26-000015.
Others in SIC 3600
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|---|---|---|---|---|
| GE | GENERAL ELECTRIC CO | $349.78B | 41.4x | 18.5% |
| EMR | EMERSON ELECTRIC CO | $85.24B | 37.8x | 3.0% |
| OTIS | Otis Worldwide Corp | $27.11B | 20.3x | 1.2% |
| TRNR | Interactive Strength, Inc. | $4.7M | — | 114.3% |
| FXHO | UTime Ltd | — | — | -17.7% |
| MKDW | MKDWELL Tech Inc. | — | — | 51.6% |