GE Vernova Inc. GEV

Industrials SIC 3600 - Electronic & Other Electrical Equipment (No Computer Equip) NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing derived NYSE

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

Last close 815.00 2026-10-23
Market cap $217.06B 2026-06-30 share count
52-week range 530.16 - 1,195.94

Valuation FY2025 figures against the last close

P/S5.7x
P/E46.1x
P/FCF58.5x
EV/EBITDA104.0x
Dividend yield0.1%
Diluted EPS17.69

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 17.925.65-1.60-10.00—
EPS, diluted 17.695.58-1.60-10.00—
Shares, diluted (wtd. avg.) 276.0M278.0M274.0M274.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
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 FY2025FY2024FY2023FY2022FY2021
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B Revenue, FY2022: 29.7B Gross profit, FY2022: 3.5B Net income, FY2022: -2.7B Revenue, FY2023: 33.2B Gross profit, FY2023: 4.8B Net income, FY2023: -438M Revenue, FY2024: 34.9B Gross profit, FY2024: 6.1B Net income, FY2024: 1.6B Revenue, FY2025: 38.1B Gross profit, FY2025: 7.5B Net income, FY2025: 4.9B FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $29.65B $33.24B $34.94B $38.07B
Gross profit — $3.46B $4.82B $6.08B $7.54B
Net income — -$2.74B -$438.0M $1.55B $4.88B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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