GEV · GE Vernova Inc. · Financials

$783.77 -49.06 (-5.89%) Play latest call Q2 2026 earnings call transcript

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$220.43B

264.68M

Volume · Nov 5 2.18M Avg daily vol (3M) 2.48M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$38.07B +9%

FY2025

Net Income

$4.88B +214.7%

FY2025

Gross Margin

19.79% +2.4pp

FY2025

Operating Margin

3.65% +2.3pp

FY2025

Diluted EPS

$17.69 +217%

FY2025

Operating Cash Flow

$4.99B +93.1%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2028 (G)	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	+8.7%	—	—	at least $56B	$45.5B – $46.5B	$44.04B	$38.07B^G	$34.94B^G	$33.24B	$29.65B
Cost of Revenue	+5.2%	—	—	—	—	$34.47B	$30.53B	$28.85B	$28.42B	$26.2B
Gross Profit	+29.6%	—	—	—	—	$9.57B	$7.54B	$6.09B	$4.82B	$3.46B
Gross Margin	—	—	—	—	—	—	19.79%	17.42%	14.5%	11.66%
Research & Development	+6.9%	—	—	—	—	$1.36B	$1.2B	$982M	$896M	$979M
Selling, General & Administrative	-2.6%	—	—	—	—	$5.38B	$4.95B	$4.63B	$4.85B	$5.36B
Amortization of Intangibles	-38.4%	—	—	—	—	$712M	$238M	$277M	$240M	$1.02B
Restructuring Charges	+16.6%	—	—	—	—	$35M	$176M	$173M	$216M	$111M
Operating Income	—	—	—	—	—	$2.83B	$1.39B	$471M	-$923M	-$2.88B
Operating Margin	—	—	—	—	—	—	3.65%	1.35%	-2.78%	-9.72%
Other Non-Operating Income	+29.0%	—	—	—	—	$5.29B	$795M	$1.37B	$324M	$370M
Equity in Earnings of Unconsolidated Entities	+64.9%	—	—	—	—	$167M	$269M	$53M	-$64M	$60M
Pretax Income	—	—	—	—	—	$8.92B	$2.83B	$2.5B	-$130M	-$2.47B
Income Tax	—	—	—	—	—	-$1.44B	-$2.05B	$939M	$344M	$248M
Net Income	—	—	—	—	—	$10.37B	$4.88B	$1.55B	-$438M	-$2.74B
Net Margin	—	—	—	—	—	—	12.83%	4.44%	-1.32%	-9.23%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	—	-$11M	-$4M	$7M	-$36M	$14M
Comprehensive Income	—	—	—	—	—	$9.93B	$5.24B	$428M	$383M	-$2.94B
EPS (Basic) USD/shares	—	—	—	—	—	$38.45	$17.92	$5.65	-$1.60	-$10.00
EPS (Diluted) USD/shares	—	—	—	—	—	$38.00	$17.69	$5.58	-$1.60	-$10.00
Shares Outstanding (Basic Avg) shares	-0.2%	—	—	—	—	266M	272M	275M	274M	274M
Shares Outstanding (Diluted Avg) shares	+0.2%	—	—	—	—	268M	276M	278M	274M	274M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2023–FY2025: $3.36B in buybacks, $275M in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

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Latest reported total

USD 2,600,000,000

As of Jun 30, 2026

Tracked instruments

Loans, facilities and note series

Annual baseline

—

Latest approved annual total

Reported total debt history

As of	Reported label	Amount	Source
2026-06-30	Total debt, excluding finance leases	USD 2,600,000,000	10-Q filed 2026-07-22 Total debt, excluding finance leases, was $2.6 billion and less than $0.1 billion as of June 30, 2026 and December 31, 2025,

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Finance lease liabilities	2026-09-30	USD 271,000,000	10-Q filed 2026-10-28
Long-term debt and lease obligations, including current maturities	2026-09-30	USD 2,826,000,000	10-Q filed 2026-10-28
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current long-term debt and lease obligations USD 31,000,000 Line of credit borrowings, including current maturities USD 0 Noncurrent long-term debt and lease obligations USD 2,795,000,000
Operating lease liabilities	2026-09-30	USD 852,000,000	10-Q filed 2026-10-28

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.250% Senior Notes due 2031

Note · GE Vernova Inc.

Reference: 4.250% Senior Notes due 2031

Active

Original principal: USD 600,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: —

Last reported interest terms: 4.25% Reported 2026-02-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

Issuance · 8-K · 2026-02-04 — 8-K

Issuance · 2026-02-04 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2026-02-04
On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Issuer evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Supporting evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

4.875% Senior Notes due 2036

Note · GE Vernova Inc.

Reference: 4.875% Senior Notes due 2036

Active

Original principal: USD 1,000,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: —

Last reported interest terms: 4.875% Reported 2026-02-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

Issuance · 8-K · 2026-02-04 — 8-K

Issuance · 2026-02-04 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-02-04
On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Issuer evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Supporting evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

5.500% Senior Notes due 2056

Note · GE Vernova Inc.

Reference: 5.500% Senior Notes due 2056

Active

Original principal: USD 1,000,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: —

Last reported interest terms: 5.5% Reported 2026-02-04 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

Issuance · 8-K · 2026-02-04 — 8-K

Issuance · 2026-02-04 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-02-04
On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Issuer evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Supporting evidence: On February 4, 2026, GE Vernova Inc. (“GE Vernova”) completed its underwritten public offering (the “Offering”) of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2031 (the “2031 Notes”), $1,000,000,000 aggregate principal amount of 4.875% Senior Notes due 2036 (the “2036 Notes”) and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2056 (the “2056 Notes” and, together with the 2031 Notes and the 2036 Notes, the “Notes”) pursuant to the registration statement on Form S-3 (File No. 333-293059), filed with the Securities and Exchange Commission on January 29, 2026. The Notes are GE Vernova’s senior unsecured and unsubordinated debt obligations.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

4.69×

Peer median 4.89×

EV/EBIT

73.04×

Peer median 20.42×

P/E (TTM)

21.92×

Peer median 26.15×

Price/Sales (TTM)

5.01×

Peer median 4.65×

Price/Book

19.37×

Peer median 5.06×

Peer medians compare against the 12 similar-size Specialty Industrial Machinery companies (of 84 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021
Power Segment	$19,492,000,000	$17,900,000,000	$17,293,000,000	$15,894,000,000	$16,472,000,000
Electrification Segment	$9,458,000,000	$7,335,000,000	$6,118,000,000	$4,863,000,000	$5,031,000,000
Wind Segment	$9,082,000,000	$9,660,000,000	$9,815,000,000	$8,897,000,000	$11,503,000,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021
Non Us	$20,728,000,000	$20,256,000,000	$20,772,000,000	$18,064,000,000	$19,406,000,000
United States	$17,341,000,000	$14,679,000,000	$12,467,000,000	$11,590,000,000	$13,600,000,000
Europe	$7,594,000,000	$8,325,000,000	$8,417,000,000	$6,583,000,000	$7,375,000,000
Middle East and Africa	$5,389,000,000	$4,194,000,000	$3,919,000,000	$3,449,000,000	$4,003,000,000
Asia	$4,629,000,000	$4,698,000,000	$5,259,000,000	$4,942,000,000	$5,741,000,000
Americas Excluding U.S.	$3,116,000,000	$3,038,000,000	$3,177,000,000	$3,090,000,000	$2,287,000,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021
Product	$20,934,000,000	$18,952,000,000	$18,258,000,000	$15,819,000,000	$18,831,000,000
Service	$17,134,000,000	$15,983,000,000	$14,981,000,000	$13,835,000,000	$14,175,000,000

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