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GE VernovaGEV

$250.9B market cap
GE VernovaGEV
Revenue

Revenue: is the business selling more than it used to?

$38.1B+9% YoYFY 2025

0.00$20.0B$40.0B20222023202420252026$41.4B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $38.1B in 2025, compounding +9% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $41.4B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Net income

Net income: how much of that revenue becomes profit?

$4.9B+215% YoYFY 2025

0.00$5.0B$10.0B20222023202420252026$9.5B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $4.9B in 2025, against $1.6B the year before. Earnings per share moved +724% over the last twelve months. Trailing twelve-month profit stands at $9.5B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Growth rate

How fast is it growing, year by year?

+9.0%revenue growth, FY 2025

0.0%5.0%10%202320242025Revenue growth 9.0%

Off the axis: 2025 earnings +214.7% - rebounds off a collapsed prior year.

Revenue grew +9% in 2025 against a five-year average of +9%. 2025's +215% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$137.93revenue per share, FY 2025

0.001002022202320242025202615045.07

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $137.93 in 2025, compounding +8% a year - in line with GEV's own +9%, so the share count is not distorting your slice. Free cash flow per share stands at $13.44.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Free cash flow

Free cash flow: what is left in real cash after everything?

$3.7B+118% YoYFY 2025

0.00$5.0B$10.0B20222023202420252026$12.4B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $3.7B in 2025. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $12.4B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Income waterfall

Where does each dollar of revenue actually go?

$38.1BRevenue 2025$7.5BGross profit$1.4BOperating income$4.9BNet income

Of $38.1B in 2025 sales, $4.9B reaches net profit - 13 cents on the dollar. The largest single deduction is producing the product ($30.5B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%2022202320242025202630%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

10 cents of every sales dollar became free cash in 2025, up 12 points since 2022 - the best conversion in its filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%2.0%4.0%202220232024202520264.1%3.2%0.6%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is capital spending, at 3% of revenue (research and development 3%, stock compensation 1%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%20%2022202320242025202620%4.3%23%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin widened 13 points to 4% since 2022. After everything, 13 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Returns on capital

What does it earn on the money it uses?

0.0%50%2022202320242025202680%12%6.3%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of 80% sits well above ROCE of 6%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Debt & cash

Could it handle its debt if things went wrong?

0.00$5.0B$10.0B202120222023202420252026$2.8B$13.1B

The company holds $13.1B in cash against $2.8B of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Shareholders' equity

Is the company's own capital growing?

0.00$5.0B$10.0B2021$13.7B20222023202420252026$12.0B

The company's own capital grew from $7.4B in 2023 to $12.0B (+61%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B2023202420252026

Shareholders received $3.3B in buybacks and $275M in dividends in 2025. Stock compensation issued $257M of new shares in the same year, offsetting 7% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%1.0%202320241.5%2025-0.7%

The share count shrank 0.7% in 2025. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Return on capital employed

Does GEV earn more on its capital than that capital costs?

0.0%10%20232024202510% cost of capitalreturn on capital 6.3%

GEV earns 6.3% on the capital it employs, below the 10% most investors treat as the cost of capital.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Dilution against what it bought

GEV has issued or retired shares - did shareholders end up better off?

0501002022202320242025101127

GEV's share count has barely moved from 2022 to 2025, so growth has not been funded by issuing stock. Revenue per share is +27% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

GE VernovaGEV
Insider flow

Are the people running it buying or selling?

$4M$2M0.00Aug '25Mar '26May '26Jun '26

Insiders sold $14M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 57 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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