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GE Vernova (GEV) Financials

GE Vernova logo
$328.72 +6.42 (+1.99%)
Closing price 03:59 PM Eastern
Extended Trading
$328.61 -0.11 (-0.03%)
As of 04:47 PM Eastern
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Annual Income Statements for GE Vernova

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

Quarterly Income Statements for GE Vernova

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 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -315 -150 -170 197 -130 1,294 -96 484
Consolidated Net Income / (Loss)		 -346 -149 -185 206 -106 1,280 -99 484
Net Income / (Loss) Continuing Operations		 -346 -148 -184 204 -106 1,280 -99 484
Total Pre-Tax Income 		-415 -27 -16 328 -96 1,602 -122 1,114
Total Operating Income		 -469 -341 -307 194 -289 527 -359 592
Total Gross Profit		 919 1,147 1,051 1,701 1,150 1,702 1,109 2,124
Total Revenue		 6,822 8,119 8,253 10,045 7,260 8,204 8,913 10,558
Operating Revenue		 6,822 8,119 8,253 10,045 7,260 8,204 8,913 10,558
Total Cost of Revenue		 5,903 6,973 7,201 8,344 6,109 6,502 7,804 8,435
Operating Cost of Revenue		 5,903 6,973 7,201 8,344 6,109 6,502 7,804 8,435
Total Operating Expenses		 1,388 1,488 1,358 1,507 1,439 1,175 1,469 1,531
Selling, General & Admin Expense		 1,186 1,272 1,135 1,252 1,202 938 1,226 1,266
Research & Development Expense		 202 216 223 255 237 237 243 265
Total Other Income / (Expense), net		 54 315 292 132 193 1,075 237 523
Interest Expense		 21 21 21 35 14 -60 -36 -38
Other Income / (Expense), net		 75 336 313 167 207 1,015 201 485
Income Tax Expense		 -69 122 169 122 10 322 -23 630
Weighted Average Basic Shares Outstanding		 - 274M 274M 274M 274.09M 274M 275M 275M
Weighted Average Diluted Shares Outstanding		 - 274M 274M 274M 274.09M 278M 275M 278M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 0.00 274.09M 274.80M 275.65M 275.90M

Annual Cash Flow Statements for GE Vernova

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

Quarterly Cash Flow Statements for GE Vernova

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

Annual Balance Sheets for GE Vernova

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

Quarterly Balance Sheets for GE Vernova

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets		 46,121 47,872 48,052 50,853 51,485
Total Current Assets		 27,428 29,243 30,722 33,141 34,153
Cash & Equivalents		 1,551 3,255 5,779 7,395 8,205
Accounts Receivable		 7,489 7,096 6,431 7,226 8,178
Inventories, net		 8,253 8,859 9,346 9,377 8,587
Other Current Assets		 8,691 9,041 9,165 9,142 9,183
Other Current Nonoperating Assets		 1,444 993 0.00 0.00 0.00
Plant, Property, & Equipment, net		 5,228 5,224 5,168 5,148 5,150
Total Noncurrent Assets		 13,465 13,405 12,161 12,564 12,182
Long-Term Investments		 3,555 3,647 2,405 2,376 2,149
Goodwill		 4,437 4,403 4,354 4,444 4,263
Intangible Assets		 1,042 991 925 869 813
Noncurrent Deferred & Refundable Income Taxes		 1,582 1,428 1,383 1,499 1,639
Other Noncurrent Operating Assets		 2,849 2,936 3,094 3,376 3,318
Total Liabilities & Shareholders' Equity		 46,121 47,872 48,052 50,853 51,485
Total Liabilities		 37,741 37,892 38,003 40,336 40,892
Total Current Liabilities		 29,306 29,516 29,065 31,233 31,685
Accounts Payable		 8,432 7,726 7,885 9,000 8,602
Other Current Liabilities		 19,426 20,318 21,180 22,232 23,083
Other Current Nonoperating Liabilities		 1,448 1,472 0.00 0.00 0.00
Total Noncurrent Liabilities		 8,435 8,376 8,938 9,103 9,207
Noncurrent Deferred & Payable Income Tax Liabilities		 382 423 674 823 827
Noncurrent Employee Benefit Liabilities		 3,273 3,266 3,224 3,233 3,264
Other Noncurrent Operating Liabilities		 4,780 4,687 5,040 5,047 5,116
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 8,380 9,980 10,049 10,517 10,593
Total Preferred & Common Equity		 7,416 8,974 9,067 9,504 9,546
Total Common Equity		 7,416 8,973 9,067 9,504 9,545
Common Stock		 0.00 - 8,804 9,377 9,736
Retained Earnings		 0.00 - 1,294 1,198 1,611
Treasury Stock		 0.00 - - -40 -43
Accumulated Other Comprehensive Income / (Loss)		 -635 -686 -1,031 -1,031 -1,759
Other Equity Adjustments		 8,051 9,659 0.00 0.00 0.00
Noncontrolling Interest		 964 1,007 982 1,014 1,047

Annual Metrics and Ratios for GE Vernova

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

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

Quarterly Metrics and Ratios for GE Vernova

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

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

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.

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 4/15/2025 by MarketBeat.com Staff
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