
$38.1B+9% YoYFY 2025
◌ 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
$4.9B+215% YoYFY 2025
◌ 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
+9.0%revenue growth, FY 2025
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
$3.7B+118% YoYFY 2025
◌ 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
→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
◌ 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
◌ 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
◌ 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
◌ 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
→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
→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
→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
→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
→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
→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
→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