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GE Vernova (GEV)

NYSE Industrials Heavy Electrical Equipment S&P 500
$774.11
+3.60 (+0.47%)
Close of Nov 06, 2026 · end-of-day data
Source: GE Vernova's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2022FY2023FY2024FY2025
Revenue$29.65B$33.24B$34.94B$38.07B
Cost of revenue$26.20B$28.42B$28.85B$30.53B
Gross profit$3.46B$4.82B$6.08B$7.54B
Research & development$979.00M$896.00M$982.00M$1.20B
Selling, general & admin$5.36B$4.84B$4.63B$4.95B
Operating income-$2.88B-$923.00M$471.00M$1.39B
Pre-tax income-$2.47B-$130.00M$2.50B$2.83B
Income tax$248.00M$344.00M$939.00M-$2.05B
Net income-$2.74B-$438.00M$1.55B$4.88B
EBITDA-$2.10B-$199.00M$1.37B$2.00B
EPS (basic)$-10.00$-1.60$5.65$17.92
EPS (diluted)$-10.00$-1.60$5.58$17.69
Diluted shares274.00M274.00M278.00M276.00M
Gross margin11.7%14.5%17.4%19.8%
Operating margin-9.7%-2.8%1.3%3.6%
Net margin-9.2%-1.3%4.4%12.8%

Balance sheet

fiscal years · USD
Fiscal yearFY2022FY2023FY2024FY2025
Cash & equivalents$2.07B$1.55B$8.21B$8.85B
Receivables——$8.18B$9.80B
Inventory—$8.25B$8.59B$10.43B
Total current assets—$27.43B$34.15B$40.22B
Goodwill$4.16B$4.44B$4.26B$4.44B
Total assets—$46.12B$51.48B$63.02B
Total current liabilities—$29.31B$31.68B$40.97B
Short-term debt—$145.00M$60.00M$63.00M
Long-term debt———$265.00M
Total debt—$145.00M$60.00M$328.00M
Total liabilities—$37.74B$40.89B$50.72B
Shareholders' equity$11.61B$7.42B$9.55B$11.18B

Cash flow

fiscal years · USD
Fiscal yearFY2022FY2023FY2024FY2025
Operating cash flow-$114.00M$1.19B$2.58B$4.99B
Capital expenditures$513.00M$744.00M$883.00M$1.28B
Free cash flow-$627.00M$442.00M$1.70B$3.71B
Investing cash flow-$322.00M-$734.00M-$37.00M-$755.00M
Financing cash flow$811.00M-$408.00M$3.65B-$3.81B
Dividends paid—$0$0$275.00M
Share buybacks—$0$43.00M$3.32B
Stock-based compensation——$155.00M$257.00M
Depreciation & amortization$779.00M$724.00M$895.00M$615.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.