Companies / GEV

GE Vernova Inc. (GEV) financials and KPIs

GE Vernova Inc. reported revenue of $38.07B for fiscal 2025, up 9.0% from fiscal 2024. Net income was $4.88B and free cash flow was $3.71B.

Key ratios

Fiscal quarterQ3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$9.97B$10.96B$9.34B$11.10B$12.64B
Gross Margin %19.021.219.121.324.6
Operating Income$366.00M$601.00M$179.00M$653.00M$1.39B
Operating Margin %3.75.51.95.911.0
Net Income$453.00M$3.67B$4.75B$668.00M$1.29B
Earnings Per Share$1.64$13.39$17.44$2.47$4.81
Dividends$0.25$0.50$0.50$0.50$0.50
Payout Ratio %15.23.72.920.210.4
Shares275.0M273.0M272.0M270.0M268.0M
Book Value Per Share$31.44$40.95$51.18$44.29$42.47
Operating Cash Flow$980.00M$2.48B$5.19B$5.49B$6.06B
Cap Spending-$247.00M-$671.00M-$397.00M-$386.00M—
Free Cash Flow$733.00M$1.81B$4.79B$5.11B—
Free Cash Flow Per Share$2.67$6.62$17.61$18.91—
Working Capital$1.01B-$756.00M-$5.12B-$8.40B-$10.79B
Fiscal year2022202320242025
Revenue$29.65B$33.24B$34.94B$38.07B
Gross Margin %11.714.517.419.8
Operating Income-$2.88B-$923.00M$471.00M$1.39B
Operating Margin %-9.7-2.81.33.6
Net Income-$2.74B-$438.00M$1.56B$4.88B
Earnings Per Share-$10.00-$1.60$5.58$17.69
Dividends——$0.25$1.25
Payout Ratio %——4.57.1
Shares274.0M274.0M278.0M276.0M
Book Value Per Share—$27.07$34.34$40.50
Operating Cash Flow-$114.00M$1.19B$2.58B$4.99B
Cap Spending-$513.00M-$744.00M-$883.00M-$1.28B
Free Cash Flow-$627.00M$442.00M$1.70B$3.71B
Free Cash Flow Per Share-$2.29$1.61$6.12$13.44
Working Capital—-$1.88B$2.47B-$756.00M

Sources

Figures come from GE Vernova Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Earnings per share, dividends and share counts are restated for stock splits, so they sit on today's share count. Shares are the diluted weighted average, and a quarter the company does not report separately is worked out from its year-to-date figures. Earnings per share in such a quarter can differ by a few cents from a figure the company states elsewhere. Gross margin appears only where the company reports gross profit. Payout ratio is dividends over earnings per share. Book value per share is shareholders' equity over those diluted shares, and free cash flow per share uses the same count. Free cash flow is operating cash flow less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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