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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and GE Vernova (GEV). Click either name above to swap in a different company.
GE Vernova is the larger business by last-quarter revenue ($9.3B vs $8.1B, roughly 1.1× Athene Holding Ltd.). GE Vernova runs the higher net margin — 50.9% vs 6.4%, a 44.4% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 16.3%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 6.7%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
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...
ATHS vs GEV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $9.3B |
| Net Profit | $523.0M | $4.8B |
| Gross Margin | — | — |
| Operating Margin | 16.9% | — |
| Net Margin | 6.4% | 50.9% |
| Revenue YoY | 115.1% | 16.3% |
| Net Profit YoY | -48.5% | 5.9% |
| EPS (diluted) | — | $17.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $9.3B | ||
| Q4 25 | $8.1B | $11.0B | ||
| Q3 25 | $8.0B | $10.0B | ||
| Q2 25 | $5.4B | $9.1B | ||
| Q1 25 | $4.2B | $8.0B | ||
| Q4 24 | $3.8B | $10.6B | ||
| Q3 24 | $6.5B | $8.9B | ||
| Q2 24 | $4.7B | $8.2B |
| Q1 26 | — | $4.8B | ||
| Q4 25 | $523.0M | $3.7B | ||
| Q3 25 | $1.3B | $452.0M | ||
| Q2 25 | $464.0M | $514.0M | ||
| Q1 25 | $465.0M | $254.0M | ||
| Q4 24 | $1.0B | $484.0M | ||
| Q3 24 | $625.0M | $-96.0M | ||
| Q2 24 | $629.0M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | — | 20.7% |
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 5.5% | ||
| Q3 25 | 26.8% | 3.7% | ||
| Q2 25 | 12.2% | 4.1% | ||
| Q1 25 | 22.3% | 0.5% | ||
| Q4 24 | 30.4% | 5.6% | ||
| Q3 24 | 25.7% | -4.0% | ||
| Q2 24 | 22.0% | 6.4% |
| Q1 26 | — | 50.9% | ||
| Q4 25 | 6.4% | 33.4% | ||
| Q3 25 | 15.7% | 4.5% | ||
| Q2 25 | 8.7% | 5.6% | ||
| Q1 25 | 11.1% | 3.2% | ||
| Q4 24 | 26.8% | 4.6% | ||
| Q3 24 | 9.6% | -1.1% | ||
| Q2 24 | 13.5% | 15.8% |
| Q1 26 | — | $17.44 | ||
| Q4 25 | — | $13.28 | ||
| Q3 25 | — | $1.64 | ||
| Q2 25 | — | $1.86 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.75 | ||
| Q3 24 | — | $-0.35 | ||
| Q2 24 | — | $4.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | — |
| Total Assets | $442.2B | — |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $20.5B | $11.2B | ||
| Q3 25 | $20.4B | $8.6B | ||
| Q2 25 | $18.1B | $8.9B | ||
| Q1 25 | $17.5B | $8.6B | ||
| Q4 24 | $16.4B | $9.5B | ||
| Q3 24 | $17.4B | $9.5B | ||
| Q2 24 | $15.0B | $9.1B |
| Q1 26 | — | — | ||
| Q4 25 | $442.2B | $63.0B | ||
| Q3 25 | $429.9B | $54.4B | ||
| Q2 25 | $405.3B | $53.1B | ||
| Q1 25 | $381.5B | $51.6B | ||
| Q4 24 | $363.3B | $51.5B | ||
| Q3 24 | $355.0B | $50.9B | ||
| Q2 24 | $332.6B | $48.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | — |
| Free Cash FlowOCF − Capex | — | $4.8B |
| FCF MarginFCF / Revenue | — | 51.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.82× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $636.0M | $980.0M | ||
| Q2 25 | $1.1B | $367.0M | ||
| Q1 25 | $426.0M | $1.2B | ||
| Q4 24 | $386.0M | $921.0M | ||
| Q3 24 | $780.0M | $1.1B | ||
| Q2 24 | $525.0M | $979.0M |
| Q1 26 | — | $4.8B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $733.0M | ||
| Q2 25 | — | $194.0M | ||
| Q1 25 | — | $975.0M | ||
| Q4 24 | — | $571.0M | ||
| Q3 24 | — | $968.0M | ||
| Q2 24 | — | $822.0M |
| Q1 26 | — | 51.3% | ||
| Q4 25 | — | 16.5% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 10.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.82× | 0.68× | ||
| Q3 25 | 0.51× | 2.17× | ||
| Q2 25 | 2.28× | 0.71× | ||
| Q1 25 | 0.92× | 4.57× | ||
| Q4 24 | 0.38× | 1.90× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.83× | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
