GE VernovaGEVEarnings & Financial Report
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and manag...
Revenue
$10.6B
Gross Profit
$2.1B
Operating Profit
$592.0M
Net Profit
$484.0M
Gross Margin
20.1%
Operating Margin
5.6%
Net Margin
4.6%
YoY Growth
N/A
EPS
$1.75
GE Vernova Q4 FY2024 Financial Summary
GE Vernova reported revenue of $10.6B for Q4 FY2024, with a net profit of $484.0M (4.6% margin). Cost of goods sold was $8.4B, operating expenses totaled $1.5B.
Key Financial Metrics
| Total Revenue | $10.6B |
|---|---|
| Net Profit | $484.0M |
| Gross Margin | 20.1% |
| Operating Margin | 5.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
GE Vernova Q4 FY2024 revenue of $10.6B breaks down across 2 segments, led by Products at $5.9B (55.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $5.9B | 55.4% |
| Services | $4.7B | 44.6% |
GE Vernova Revenue by Segment — Quarterly Trend
GE Vernova revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Products | — | $6.0B | $5.9B | $4.9B |
| Services | — | $5.0B | $4.1B | $4.2B |
GE Vernova Annual Revenue by Year
GE Vernova annual revenue history includes year-by-year totals (for example, 2025 revenue was $38.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $38.1B |
| 2024 | $34.9B |
GE Vernova Quarterly Revenue & Net Profit History
GE Vernova results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $9.3B | +16.3% | $4.8B | 50.9% |
| Q4 FY2025 | $11.0B | +3.8% | $3.7B | 33.4% |
| Q3 FY2025 | $10.0B | +11.8% | $452.0M | 4.5% |
| Q2 FY2025 | $9.1B | +11.1% | $514.0M | 5.6% |
| Q1 FY2025 | $8.0B | +10.6% | $254.0M | 3.2% |
| Q4 FY2024 | $10.6B | — | $484.0M | 4.6% |
| Q3 FY2024 | $8.9B | +8.0% | $-96.0M | -1.1% |
| Q2 FY2024 | $8.2B | +1.0% | $1.3B | 15.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20B | $8.91B | $10.56B | $8.03B | $9.11B | $9.97B | $10.96B | $9.34B |
| YoY Growth | 1.0% | 8.0% | N/A | 10.6% | 11.1% | 11.8% | 3.8% | 16.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $48.05B | $50.85B | $51.48B | $51.56B | $53.08B | $54.40B | $63.02B | N/A |
| Liabilities | $38.00B | $40.34B | $40.89B | $41.89B | $43.13B | $44.67B | $50.72B | N/A |
| Equity | $9.07B | $9.50B | $9.55B | $8.61B | $8.88B | $8.65B | $11.18B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $979.0M | $1.13B | $921.0M | $1.16B | $367.0M | $980.0M | $2.48B |