GE Vernova (GEV) Financials

$465.36 +6.54 (+1.42%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$464.69 -0.67 (-0.14%)

As of 05/23/2025 07:59 PM Eastern

Annual Income Statements for GE Vernova

This table shows GE Vernova's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	1,552	-438	-2,736
Consolidated Net Income / (Loss)	1,559	-474	-2,722
Net Income / (Loss) Continuing Operations	1,559	-474	-2,722
Total Pre-Tax Income	2,498	-130	-2,474
Total Operating Income	471	-923	-2,881
Total Gross Profit	6,085	4,818	3,458
Total Revenue	34,935	33,239	29,654
Operating Revenue	34,935	33,239	29,654
Total Cost of Revenue	28,850	28,421	26,196
Operating Cost of Revenue	28,850	28,421	26,196
Total Operating Expenses	5,614	5,741	6,339
Selling, General & Admin Expense	4,632	4,845	5,360
Research & Development Expense	982	896	979
Total Other Income / (Expense), net	2,028	793	407
Interest Expense	-120	98	151
Other Income / (Expense), net	1,908	891	558
Income Tax Expense	939	344	248
Net Income / (Loss) Attributable to Noncontrolling Interest	7.00	-36	14
Basic Earnings per Share	$5.65	($1.60)	($10.00)
Weighted Average Basic Shares Outstanding	275M	274M	274M
Diluted Earnings per Share	$5.58	($1.60)	($10.00)
Weighted Average Diluted Shares Outstanding	278M	274M	274M
Weighted Average Basic & Diluted Shares Outstanding	275.90M	-	-
Cash Dividends to Common per Share	$0.25	-	-

This table shows GE Vernova's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Income / (Loss) Attributable to Common Shareholders	254	484	-96	1,294	-130	197	-170	-150	-315
Consolidated Net Income / (Loss)	264	484	-99	1,280	-106	206	-185	-149	-346
Net Income / (Loss) Continuing Operations	264	484	-99	1,280	-106	204	-184	-148	-346
Total Pre-Tax Income	332	1,114	-122	1,602	-96	328	-16	-27	-415
Total Operating Income	43	592	-359	527	-289	194	-307	-341	-469
Total Gross Profit	1,470	2,124	1,109	1,702	1,150	1,701	1,051	1,147	919
Total Revenue	8,032	10,558	8,913	8,204	7,260	10,045	8,253	8,119	6,822
Operating Revenue	8,032	10,558	8,913	8,204	7,260	10,045	8,253	8,119	6,822
Total Cost of Revenue	6,562	8,435	7,804	6,502	6,109	8,344	7,201	6,973	5,903
Operating Cost of Revenue	6,562	8,435	7,804	6,502	6,109	8,344	7,201	6,973	5,903
Total Operating Expenses	1,427	1,531	1,469	1,175	1,439	1,507	1,358	1,488	1,388
Selling, General & Admin Expense	1,188	1,266	1,226	938	1,202	1,252	1,135	1,272	1,186
Research & Development Expense	239	265	243	237	237	255	223	216	202
Total Other Income / (Expense), net	290	523	237	1,075	193	132	292	315	54
Interest Expense	-56	-38	-36	-60	14	35	21	21	21
Other Income / (Expense), net	234	485	201	1,015	207	167	313	336	75
Income Tax Expense	68	630	-23	322	10	122	169	122	-69
Net Income / (Loss) Attributable to Noncontrolling Interest	11	-	-3.00	-14	24	9.00	-15	2.00	-32
Basic Earnings per Share	$0.92	-	($0.35)	$4.72	-	-	($0.62)	($0.55)	-
Weighted Average Basic Shares Outstanding	275M	275M	275M	274M	274.09M	274M	274M	274M	-
Diluted Earnings per Share	$0.91	-	($0.35)	$4.65	-	-	($0.62)	($0.55)	-
Weighted Average Diluted Shares Outstanding	279M	278M	275M	278M	274.09M	274M	274M	274M	-
Weighted Average Basic & Diluted Shares Outstanding	272.93M	275.90M	275.65M	274.80M	274.09M	0.00	-	-	-

This table details how cash moves in and out of GE Vernova's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	6,051	66	288
Net Cash From Operating Activities	2,583	1,186	-114
Net Cash From Continuing Operating Activities	2,583	1,188	-114
Net Income / (Loss) Continuing Operations	1,559	-474	-2,722
Consolidated Net Income / (Loss)	1,559	-474	-2,722
Depreciation Expense	895	724	779
Amortization Expense	277	240	1,018
Non-Cash Adjustments To Reconcile Net Income	-2,304	-523	407
Changes in Operating Assets and Liabilities, net	2,156	1,221	404
Net Cash From Investing Activities	-37	-734	-322
Net Cash From Continuing Investing Activities	-37	-734	-322
Purchase of Property, Plant & Equipment	-883	-744	-513
Acquisitions	-114	-83	-393
Sale of Property, Plant & Equipment	25	60	53
Divestitures	1,057	232	340
Other Investing Activities, net	-122	-199	191
Net Cash From Financing Activities	3,652	-408	811
Net Cash From Continuing Financing Activities	3,652	-408	811
Repayment of Debt	742	-63	-151
Issuance of Debt	-23	16	15
Other Financing Activities, net	2,933	-361	947
Effect of Exchange Rate Changes	-147	22	-87
Cash Interest Paid	74	83	77

This table details how cash moves in and out of GE Vernova's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Net Change in Cash & Equivalents	-99	1,413	1,013	2,983	642	661	-127	-433	-35
Net Cash From Operating Activities	1,161	921	1,127	979	-444	1,931	233	-288	-690
Net Cash From Continuing Operating Activities	1,160	922	1,123	982	-444	1,934	232	-288	-690
Net Income / (Loss) Continuing Operations	264	484	-99	1,280	-106	206	-185	-149	-346
Consolidated Net Income / (Loss)	264	484	-99	1,280	-106	206	-185	-149	-346
Depreciation Expense	149	180	336	191	188	193	184	171	176
Amortization Expense	56	89	62	63	63	59	58	68	55
Non-Cash Adjustments To Reconcile Net Income	-576	-387	-127	-965	-825	-66	-87	-48	-322
Changes in Operating Assets and Liabilities, net	1,267	556	951	413	236	1,542	262	-330	-253
Net Cash From Investing Activities	-93	-175	-114	537	-285	-257	-36	-400	-41
Net Cash From Continuing Investing Activities	-93	-175	-114	536	-284	-258	-34	-401	-41
Purchase of Property, Plant & Equipment	-186	-350	-159	-157	-217	-280	-181	-159	-124
Acquisitions	-6.00	-4.00	-2.00	-17	-91	-6.00	-37	-22	-18
Sale of Property, Plant & Equipment	34	9.00	3.00	9.00	4.00	6.00	10	42	2.00
Divestitures	90	386	1.00	641	29	12	187	20	13
Other Investing Activities, net	-25	-216	43	60	-9.00	10	-13	-282	86
Net Cash From Financing Activities	-1,257	163	585	970	1,934	-1,064	-286	238	704
Net Cash From Continuing Financing Activities	-1,256	163	584	971	1,934	-1,065	-285	238	704
Repayment of Debt	-86	163	615	30	-66	-9.00	-8.00	-24	-22
Repurchase of Common Equity	-1,101	-	-	-	-	-	-	-	-
Payment of Dividends	-69	-	-	-	-	-	-	-	-
Issuance of Debt	0.00	-	-	-	-23	-14	1.00	11	18
Other Financing Activities, net	0.00	-	-31	941	2,023	-1,042	-278	251	708
Effect of Exchange Rate Changes	90	-99	18	-	-	44	-31	-	-

This table presents GE Vernova's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023
Period end date	12/31/2024	12/31/2023
Total Assets	51,485	46,121
Total Current Assets	34,153	27,428
Cash & Equivalents	8,205	1,551
Accounts Receivable	8,178	7,489
Inventories, net	8,587	8,253
Other Current Assets	9,183	8,691
Other Current Nonoperating Assets	0.00	1,444
Plant, Property, & Equipment, net	5,150	5,228
Total Noncurrent Assets	12,182	13,465
Long-Term Investments	2,149	3,555
Goodwill	4,263	4,437
Intangible Assets	813	1,042
Noncurrent Deferred & Refundable Income Taxes	1,639	1,582
Other Noncurrent Operating Assets	3,318	2,849
Total Liabilities & Shareholders' Equity	51,485	46,121
Total Liabilities	40,892	37,741
Total Current Liabilities	31,685	29,306
Accounts Payable	8,602	8,432
Other Current Liabilities	23,083	19,426
Other Current Nonoperating Liabilities	0.00	1,448
Total Noncurrent Liabilities	9,207	8,435
Noncurrent Deferred & Payable Income Tax Liabilities	827	382
Noncurrent Employee Benefit Liabilities	3,264	3,273
Other Noncurrent Operating Liabilities	5,116	4,780
Commitments & Contingencies	0.00	0.00
Total Equity & Noncontrolling Interests	10,593	8,380
Total Preferred & Common Equity	9,546	7,416
Total Common Equity	9,545	7,416
Common Stock	9,736	0.00
Retained Earnings	1,611	0.00
Treasury Stock	-43	0.00
Accumulated Other Comprehensive Income / (Loss)	-1,759	-635
Other Equity Adjustments	0.00	8,051
Noncontrolling Interest	1,047	964

This table presents GE Vernova's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023
Total Assets	51,559	51,485	50,853	48,052	47,872	46,121
Total Current Assets	33,936	34,153	33,141	30,722	29,243	27,428
Cash & Equivalents	8,107	8,205	7,395	5,779	3,255	1,551
Accounts Receivable	7,136	8,178	7,226	6,431	7,096	7,489
Inventories, net	9,156	8,587	9,377	9,346	8,859	8,253
Other Current Assets	9,537	9,183	9,142	9,165	9,041	8,691
Plant, Property, & Equipment, net	5,225	5,150	5,148	5,168	5,224	5,228
Total Noncurrent Assets	12,398	12,182	12,564	12,161	13,405	13,465
Long-Term Investments	2,137	2,149	2,376	2,405	3,647	3,555
Goodwill	4,368	4,263	4,444	4,354	4,403	4,437
Intangible Assets	773	813	869	925	991	1,042
Noncurrent Deferred & Refundable Income Taxes	1,639	1,639	1,499	1,383	1,428	1,582
Other Noncurrent Operating Assets	3,481	3,318	3,376	3,094	2,936	2,849
Total Liabilities & Shareholders' Equity	51,559	51,485	50,853	48,052	47,872	46,121
Total Liabilities	41,887	40,892	40,336	38,003	37,892	37,741
Total Current Liabilities	32,677	31,685	31,233	29,065	29,516	29,306
Accounts Payable	8,421	8,602	9,000	7,885	7,726	8,432
Other Current Liabilities	24,255	23,083	22,232	21,180	20,318	19,426
Total Noncurrent Liabilities	9,210	9,207	9,103	8,938	8,376	8,435
Noncurrent Deferred & Payable Income Tax Liabilities	782	827	823	674	423	382
Noncurrent Employee Benefit Liabilities	3,251	3,264	3,233	3,224	3,266	3,273
Other Noncurrent Operating Liabilities	5,177	5,116	5,047	5,040	4,687	4,780
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	9,672	10,593	10,517	10,049	9,980	8,380
Total Preferred & Common Equity	8,607	9,546	9,504	9,067	8,974	7,416
Total Common Equity	8,606	9,545	9,504	9,067	8,973	7,416
Common Stock	9,657	9,736	9,377	8,804	-	0.00
Retained Earnings	1,865	1,611	1,198	1,294	-	0.00
Treasury Stock	-1,256	-43	-40	-	-	0.00
Accumulated Other Comprehensive Income / (Loss)	-1,660	-1,759	-1,031	-1,031	-686	-635
Noncontrolling Interest	1,065	1,047	1,014	982	1,007	964

This table displays calculated financial ratios and metrics derived from GE Vernova's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	5.10%	12.09%	0.00%
EBITDA Growth	281.01%	277.19%	0.00%
EBIT Growth	7,534.38%	98.62%	0.00%
NOPAT Growth	145.50%	67.96%	0.00%
Net Income Growth	428.90%	82.59%	0.00%
EPS Growth	448.75%	84.00%	0.00%
Operating Cash Flow Growth	117.79%	1,140.35%	0.00%
Free Cash Flow Firm Growth	184.94%	0.00%	0.00%
Invested Capital Growth	-92.71%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-67.96%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	17.42%	14.50%	11.66%
EBITDA Margin	10.16%	2.80%	-1.77%
Operating Margin	1.35%	-2.78%	-9.72%
EBIT Margin	6.81%	-0.10%	-7.83%
Profit (Net Income) Margin	4.46%	-1.43%	-9.18%
Tax Burden Percent	62.41%	364.62%	110.02%
Interest Burden Percent	105.00%	406.25%	106.50%
Effective Tax Rate	37.59%	0.00%	0.00%
Return on Invested Capital (ROIC)	16.72%	-39.42%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.35%	-46.17%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.28%	28.11%	0.00%
Return on Equity (ROE)	16.43%	-11.31%	0.00%
Cash Return on Invested Capital (CROIC)	189.53%	-239.42%	0.00%
Operating Return on Assets (OROA)	4.87%	-0.07%	0.00%
Return on Assets (ROA)	3.19%	-1.03%	0.00%
Return on Common Equity (ROCE)	14.69%	-10.01%	0.00%
Return on Equity Simple (ROE_SIMPLE)	16.33%	-6.39%	0.00%
Net Operating Profit after Tax (NOPAT)	294	-646	-2,017
NOPAT Margin	0.84%	-1.94%	-6.80%
Net Nonoperating Expense Percent (NNEP)	16.37%	6.75%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	2.78%	-7.71%	-
Cost of Revenue to Revenue	82.58%	85.51%	88.34%
SG&A Expenses to Revenue	13.26%	14.58%	18.08%
R&D to Revenue	2.81%	2.70%	3.30%
Operating Expenses to Revenue	16.07%	17.27%	21.38%
Earnings before Interest and Taxes (EBIT)	2,379	-32	-2,323
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,551	932	-526
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	9.50	0.00	0.00
Price to Tangible Book Value (P/TBV)	20.29	0.00	0.00
Price to Revenue (P/Rev)	2.60	0.00	0.00
Price to Earnings (P/E)	58.42	0.00	0.00
Dividend Yield	0.08%	0.00%	0.00%
Earnings Yield	1.71%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	340.43	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.33	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	22.91	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	34.20	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	276.79	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	31.50	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	24.41	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.81	-0.61	0.00
Leverage Ratio	5.14	5.50	0.00
Compound Leverage Factor	5.40	22.36	0.00
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.88%	11.50%	0.00%
Common Equity to Total Capital	90.11%	88.50%	0.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	2.26	0.00	0.00
Noncontrolling Interest Sharing Ratio	10.60%	11.50%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.08	0.94	0.00
Quick Ratio	0.52	0.31	0.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	3,333	-3,924	0.00
Operating Cash Flow to CapEx	301.05%	173.39%	-24.78%
Free Cash Flow to Firm to Interest Expense	0.00	-40.04	0.00
Operating Cash Flow to Interest Expense	0.00	12.10	-0.76
Operating Cash Flow Less CapEx to Interest Expense	0.00	5.12	-3.80
Efficiency Ratios	-	-	-
Asset Turnover	0.72	0.72	0.00
Accounts Receivable Turnover	4.46	4.44	0.00
Inventory Turnover	3.43	3.44	0.00
Fixed Asset Turnover	6.73	6.36	0.00
Accounts Payable Turnover	3.39	3.37	0.00
Days Sales Outstanding (DSO)	81.84	82.24	0.00
Days Inventory Outstanding (DIO)	106.53	105.99	0.00
Days Payable Outstanding (DPO)	107.75	108.29	0.00
Cash Conversion Cycle (CCC)	80.62	79.94	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	239	3,278	0.00
Invested Capital Turnover	19.87	20.28	0.00
Increase / (Decrease) in Invested Capital	-3,039	3,278	0.00
Enterprise Value (EV)	81,364	0.00	0.00
Market Capitalization	90,671	0.00	0.00
Book Value per Share	$34.63	$27.07	$0.00
Tangible Book Value per Share	$16.21	$7.07	$0.00
Total Capital	10,593	8,380	0.00
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-10,354	-5,106	0.00
Capital Expenditures (CapEx)	858	684	460
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5,737	-3,429	0.00
Debt-free Net Working Capital (DFNWC)	2,468	-1,878	0.00
Net Working Capital (NWC)	2,468	-1,878	0.00
Net Nonoperating Expense (NNE)	-1,265	-172	705
Net Nonoperating Obligations (NNO)	-10,354	-5,102	0.00
Total Depreciation and Amortization (D&A)	1,172	964	1,797
Debt-free, Cash-free Net Working Capital to Revenue	-16.42%	-10.32%	0.00%
Debt-free Net Working Capital to Revenue	7.06%	-5.65%	0.00%
Net Working Capital to Revenue	7.06%	-5.65%	0.00%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$5.65	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	275M	0.00	0.00
Adjusted Diluted Earnings per Share	$5.58	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	278M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	275.90M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	294	-646	-2,017
Normalized NOPAT Margin	0.84%	-1.94%	-6.80%
Pre Tax Income Margin	7.15%	-0.39%	-8.34%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	-0.33	-15.38
NOPAT to Interest Expense	0.00	-6.59	-13.36
EBIT Less CapEx to Interest Expense	0.00	-7.31	-18.43
NOPAT Less CapEx to Interest Expense	0.00	-13.57	-16.40
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from GE Vernova's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	10.63%	5.11%	8.00%	1.05%	6.42%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	185.21%	119.58%	-3.23%	667.52%	203.68%	0.00%	0.00%	0.00%	0.00%
EBIT Growth	437.80%	198.34%	-2,733.33%	30,940.00%	79.19%	0.00%	0.00%	0.00%	0.00%
NOPAT Growth	116.90%	111.10%	-16.94%	276.40%	38.38%	0.00%	0.00%	0.00%	0.00%
Net Income Growth	349.06%	134.95%	46.49%	959.06%	69.36%	0.00%	0.00%	0.00%	0.00%
EPS Growth	293.62%	0.00%	43.55%	945.45%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	361.49%	-52.30%	383.69%	439.93%	35.65%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	210.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	-116.05%	-92.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	-23.93%	18.46%	8.64%	13.00%	0.00%	21.71%	1.65%	19.01%	0.00%
EBITDA Q/Q Growth	-64.19%	460.83%	-86.64%	962.72%	0.00%	147.18%	5.98%	243.56%	0.00%
EBIT Q/Q Growth	-74.28%	781.65%	-110.25%	1,980.49%	0.00%	5,916.67%	220.00%	98.73%	0.00%
NOPAT Q/Q Growth	-86.71%	202.35%	-159.68%	308.14%	0.00%	156.70%	9.97%	27.29%	0.00%
Net Income Q/Q Growth	-45.45%	588.89%	-107.73%	1,307.55%	0.00%	211.35%	-24.16%	56.94%	0.00%
EPS Q/Q Growth	0.00%	0.00%	-107.53%	0.00%	0.00%	0.00%	-12.73%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	26.06%	-18.28%	15.12%	320.50%	0.00%	728.76%	180.90%	58.26%	0.00%
Free Cash Flow Firm Q/Q Growth	26.30%	430.51%	30.84%	61.65%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-338.91%	-67.96%	-59.96%	-47.64%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	18.30%	20.12%	12.44%	20.75%	15.84%	16.93%	12.73%	14.13%	13.47%
EBITDA Margin	6.00%	12.75%	2.69%	21.89%	2.33%	6.10%	3.01%	2.88%	-2.39%
Operating Margin	0.54%	5.61%	-4.03%	6.42%	-3.98%	1.93%	-3.72%	-4.20%	-6.87%
EBIT Margin	3.45%	10.20%	-1.77%	18.80%	-1.13%	3.59%	0.07%	-0.06%	-5.78%
Profit (Net Income) Margin	3.29%	4.58%	-1.11%	15.60%	-1.46%	2.05%	-2.24%	-1.84%	-5.07%
Tax Burden Percent	79.52%	43.45%	81.15%	79.90%	110.42%	62.80%	1,156.25%	551.85%	83.37%
Interest Burden Percent	119.86%	103.44%	77.22%	103.89%	117.07%	90.86%	-266.67%	540.00%	105.33%
Effective Tax Rate	20.48%	56.55%	0.00%	20.10%	0.00%	37.20%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.18%	48.40%	0.00%	0.00%	0.00%	12.30%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	7.42%	45.46%	0.00%	0.00%	0.00%	10.65%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-6.29%	-37.04%	0.00%	0.00%	0.00%	-6.48%	0.00%	0.00%	0.00%
Return on Equity (ROE)	3.89%	11.36%	0.00%	0.00%	0.00%	5.82%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	189.53%	0.00%	0.00%	0.00%	-119.71%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.48%	7.30%	0.00%	0.00%	0.00%	2.59%	0.00%	0.00%	0.00%
Return on Assets (ROA)	2.36%	3.28%	0.00%	0.00%	0.00%	1.48%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	3.48%	10.16%	0.00%	0.00%	0.00%	5.15%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	22.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	34	257	-251	421	-202	122	-215	-239	-328
NOPAT Margin	0.43%	2.44%	-2.82%	5.13%	-2.79%	1.21%	-2.60%	-2.94%	-4.81%
Net Nonoperating Expense Percent (NNEP)	2.76%	2.93%	3.12%	20.99%	3.00%	1.65%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	0.35%	2.43%	-	-	-	1.45%	-	-	-
Cost of Revenue to Revenue	81.70%	79.89%	87.56%	79.25%	84.15%	83.07%	87.25%	85.89%	86.53%
SG&A Expenses to Revenue	14.79%	11.99%	13.76%	11.43%	16.56%	12.46%	13.75%	15.67%	17.38%
R&D to Revenue	2.98%	2.51%	2.73%	2.89%	3.26%	2.54%	2.70%	2.66%	2.96%
Operating Expenses to Revenue	17.77%	14.50%	16.48%	14.32%	19.82%	15.00%	16.45%	18.33%	20.35%
Earnings before Interest and Taxes (EBIT)	277	1,077	-158	1,542	-82	361	6.00	-5.00	-394
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	482	1,346	240	1,796	169	613	248	234	-163
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.78	9.50	7.37	5.18	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	24.29	20.29	16.72	12.41	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.36	2.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	43.47	58.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.08%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.30%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	340.43	82.19	21.37	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.10	2.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	19.41	22.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	27.39	34.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	141.64	276.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.90	31.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	16.10	24.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.85	-0.81	-0.93	-0.81	-0.64	-0.61	0.00	0.00	0.00
Leverage Ratio	5.06	5.14	4.84	4.78	4.80	5.50	0.00	0.00	0.00
Compound Leverage Factor	6.06	5.32	3.73	4.97	5.62	5.00	0.00	0.00	0.00
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.01%	9.88%	9.64%	9.77%	10.09%	11.50%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.98%	90.11%	90.37%	90.23%	89.91%	88.50%	0.00%	0.00%	0.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.00	2.18	1.11	0.93	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	10.55%	10.60%	9.63%	9.77%	10.09%	11.50%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	1.08	1.06	1.06	0.99	0.94	0.00	0.00	0.00
Quick Ratio	0.47	0.52	0.47	0.42	0.35	0.31	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,163	3,296	-997	-1,442	-3,760	0.00	0.00	0.00	0.00
Operating Cash Flow to CapEx	763.82%	270.09%	722.44%	661.49%	-208.45%	704.74%	136.26%	-246.15%	-565.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-268.59	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	-31.71	55.17	11.10	-13.71	-32.86
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-46.93	47.34	2.95	-19.29	-38.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.72	0.00	0.00	0.00	0.72	0.00	0.00	0.00
Accounts Receivable Turnover	5.02	4.46	0.00	0.00	0.00	4.44	0.00	0.00	0.00
Inventory Turnover	3.25	3.43	0.00	0.00	0.00	3.44	0.00	0.00	0.00
Fixed Asset Turnover	6.83	6.73	0.00	0.00	0.00	6.36	0.00	0.00	0.00
Accounts Payable Turnover	3.63	3.39	0.00	0.00	0.00	3.37	0.00	0.00	0.00
Days Sales Outstanding (DSO)	72.74	81.84	0.00	0.00	0.00	82.24	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	112.20	106.53	0.00	0.00	0.00	105.99	0.00	0.00	0.00
Days Payable Outstanding (DPO)	100.56	107.75	0.00	0.00	0.00	108.29	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	84.37	80.62	0.00	0.00	0.00	79.94	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-571	239	746	1,863	3,558	3,278	0.00	0.00	0.00
Invested Capital Turnover	23.91	19.87	0.00	0.00	0.00	10.14	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-4,129	-3,039	746	1,863	3,558	0.00	0.00	0.00	0.00
Enterprise Value (EV)	74,984	81,364	61,312	39,806	0.00	0.00	0.00	0.00	0.00
Market Capitalization	84,163	90,671	70,069	47,008	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$31.19	$34.63	$34.58	$33.08	$32.74	$27.07	$0.00	$0.00	$0.00
Tangible Book Value per Share	$12.56	$16.21	$15.25	$13.82	$13.06	$7.07	$0.00	$0.00	$0.00
Total Capital	9,672	10,593	10,517	10,049	9,980	8,380	0.00	0.00	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-10,244	-10,354	-9,771	-8,184	-6,902	-5,106	0.00	0.00	0.00
Capital Expenditures (CapEx)	152	341	156	148	213	274	171	117	122
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6,848	-5,737	-5,487	-4,122	-3,528	-3,429	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	1,259	2,468	1,908	1,657	-273	-1,878	0.00	0.00	0.00
Net Working Capital (NWC)	1,259	2,468	1,908	1,657	-273	-1,878	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-230	-227	-152	-859	-96	-84	-30	-90	18
Net Nonoperating Obligations (NNO)	-10,243	-10,354	-9,771	-8,186	-6,422	-5,102	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	205	269	398	254	251	252	242	239	231
Debt-free, Cash-free Net Working Capital to Revenue	-19.18%	-16.42%	0.00%	0.00%	0.00%	-10.32%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	3.53%	7.06%	0.00%	0.00%	0.00%	-5.65%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	3.53%	7.06%	0.00%	0.00%	0.00%	-5.65%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$0.00	($0.35)	$4.72	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	275M	275M	275M	274M	274.09M	274M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.91	$0.00	($0.35)	$4.65	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	279M	278M	275M	278M	274.09M	274M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	272.93M	275.90M	275.65M	274.80M	274.09M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	34	414	-251	421	-202	122	-215	-239	-328
Normalized NOPAT Margin	0.43%	3.93%	-2.82%	5.13%	-2.79%	1.21%	-2.60%	-2.94%	-4.81%
Pre Tax Income Margin	4.13%	10.55%	-1.37%	19.53%	-1.32%	3.27%	-0.19%	-0.33%	-6.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	-5.86	10.31	0.29	-0.24	-18.76
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-14.45	3.48	-10.23	-11.37	-15.63
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-21.07	2.49	-7.86	-5.81	-24.57
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-29.66	-4.35	-18.38	-16.94	-21.44
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About GE Vernova's Financials

When does GE Vernova's fiscal year end?

According to the most recent income statement we have on file, GE Vernova's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has GE Vernova's net income changed over the last 2 years?

GE Vernova's net income appears to be on a downward trend, with a most recent value of $1.56 billion in 2024, falling from -$2.72 billion in 2022. The previous period was -$474 million in 2023. View GE Vernova's forecast to see where analysts expect GE Vernova to go next.

What is GE Vernova's operating income?

GE Vernova's total operating income in 2024 was $471 million, based on the following breakdown:

Total Gross Profit: $6.09 billion
Total Operating Expenses: $5.61 billion

How has GE Vernova revenue changed over the last 2 years?

Over the last 2 years, GE Vernova's total revenue changed from $29.65 billion in 2022 to $34.94 billion in 2024, a change of 17.8%.

How much debt does GE Vernova have?

GE Vernova's total liabilities were at $40.89 billion at the end of 2024, a 8.3% increase from 2023, and a 8.3% increase since 2023.

How much cash does GE Vernova have?

In the past 1 years, GE Vernova's cash and equivalents has ranged from $1.55 billion in 2023 to $8.21 billion in 2024, and is currently $8.21 billion as of their latest financial filing in 2024.

How has GE Vernova's book value per share changed over the last 2 years?

Over the last 2 years, GE Vernova's book value per share changed from 0.00 in 2022 to 34.63 in 2024, a change of 3,462.7%.

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This page (NYSE:GEV) was last updated on 5/25/2025 by MarketBeat.com Staff

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GE Vernova (GEV) Financials

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GE Vernova (GEV) Financials

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