vs
Side-by-side financial comparison of GE Vernova (GEV) and Southwest Airlines (LUV). Click either name above to swap in a different company.
GE Vernova is the larger business by last-quarter revenue ($9.3B vs $7.2B, roughly 1.3× Southwest Airlines). GE Vernova runs the higher net margin — 50.9% vs 3.1%, a 47.7% gap on every dollar of revenue. On growth, GE Vernova posted the faster year-over-year revenue change (16.3% vs 12.8%). Over the past eight quarters, GE Vernova's revenue compounded faster (6.7% CAGR vs -0.7%).
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...
Southwest Airlines is a major low-cost airline of the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C.
GEV vs LUV — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.3B | $7.2B |
| Net Profit | $4.8B | $227.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 50.9% | 3.1% |
| Revenue YoY | 16.3% | 12.8% |
| Net Profit YoY | 5.9% | 252.3% |
| EPS (diluted) | $17.44 | $0.45 |
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 | $7.2B | ||
| Q4 25 | $11.0B | $7.4B | ||
| Q3 25 | $10.0B | $6.9B | ||
| Q2 25 | $9.1B | $7.2B | ||
| Q1 25 | $8.0B | $6.4B | ||
| Q4 24 | $10.6B | $6.9B | ||
| Q3 24 | $8.9B | $6.9B | ||
| Q2 24 | $8.2B | $7.4B |
| Q1 26 | $4.8B | $227.0M | ||
| Q4 25 | $3.7B | $323.0M | ||
| Q3 25 | $452.0M | $54.0M | ||
| Q2 25 | $514.0M | $213.0M | ||
| Q1 25 | $254.0M | $-149.0M | ||
| Q4 24 | $484.0M | $262.0M | ||
| Q3 24 | $-96.0M | $67.0M | ||
| Q2 24 | $1.3B | $367.0M |
| 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 | 5.5% | 5.3% | ||
| Q3 25 | 3.7% | 0.5% | ||
| Q2 25 | 4.1% | 3.1% | ||
| Q1 25 | 0.5% | -3.5% | ||
| Q4 24 | 5.6% | 4.0% | ||
| Q3 24 | -4.0% | 0.6% | ||
| Q2 24 | 6.4% | 5.4% |
| Q1 26 | 50.9% | 3.1% | ||
| Q4 25 | 33.4% | 4.3% | ||
| Q3 25 | 4.5% | 0.8% | ||
| Q2 25 | 5.6% | 2.9% | ||
| Q1 25 | 3.2% | -2.3% | ||
| Q4 24 | 4.6% | 3.8% | ||
| Q3 24 | -1.1% | 1.0% | ||
| Q2 24 | 15.8% | 5.0% |
| Q1 26 | $17.44 | $0.45 | ||
| Q4 25 | $13.28 | $0.56 | ||
| Q3 25 | $1.64 | $0.10 | ||
| Q2 25 | $1.86 | $0.39 | ||
| Q1 25 | $0.91 | $-0.26 | ||
| Q4 24 | $1.75 | $0.46 | ||
| Q3 24 | $-0.35 | $0.11 | ||
| Q2 24 | $4.65 | $0.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.3B |
| Total DebtLower is stronger | — | $5.4B |
| Stockholders' EquityBook value | — | $6.9B |
| Total Assets | — | $20.4B |
| Debt / EquityLower = less leverage | — | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.7B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $10.0B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $11.2B | $8.0B | ||
| Q3 25 | $8.6B | $7.8B | ||
| Q2 25 | $8.9B | $8.0B | ||
| Q1 25 | $8.6B | $9.4B | ||
| Q4 24 | $9.5B | $10.3B | ||
| Q3 24 | $9.5B | $10.4B | ||
| Q2 24 | $9.1B | $10.5B |
| Q1 26 | — | $20.4B | ||
| Q4 25 | $63.0B | $29.1B | ||
| Q3 25 | $54.4B | $28.3B | ||
| Q2 25 | $53.1B | $28.7B | ||
| Q1 25 | $51.6B | $33.2B | ||
| Q4 24 | $51.5B | $33.8B | ||
| Q3 24 | $50.9B | $34.8B | ||
| Q2 24 | $48.1B | $35.6B |
| Q1 26 | — | 0.78× | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.48× |
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 | — | $1.4B |
| Free Cash FlowOCF − Capex | $4.8B | — |
| FCF MarginFCF / Revenue | 51.3% | — |
| Capex IntensityCapex / Revenue | — | 8.7% |
| Cash ConversionOCF / Net Profit | — | 6.25× |
| TTM Free Cash FlowTrailing 4 quarters | $7.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.5B | $294.0M | ||
| Q3 25 | $980.0M | $287.0M | ||
| Q2 25 | $367.0M | $401.0M | ||
| Q1 25 | $1.2B | $860.0M | ||
| Q4 24 | $921.0M | $476.0M | ||
| Q3 24 | $1.1B | $113.0M | ||
| Q2 24 | $979.0M | $-23.0M |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $1.8B | $-565.0M | ||
| Q3 25 | $733.0M | $-391.0M | ||
| Q2 25 | $194.0M | $-234.0M | ||
| Q1 25 | $975.0M | $359.0M | ||
| Q4 24 | $571.0M | $16.0M | ||
| Q3 24 | $968.0M | $-404.0M | ||
| Q2 24 | $822.0M | $-517.0M |
| Q1 26 | 51.3% | — | ||
| Q4 25 | 16.5% | -7.6% | ||
| Q3 25 | 7.4% | -5.6% | ||
| Q2 25 | 2.1% | -3.2% | ||
| Q1 25 | 12.1% | 5.6% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 10.9% | -5.9% | ||
| Q2 24 | 10.0% | -7.0% |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 6.1% | 11.5% | ||
| Q3 25 | 2.5% | 9.8% | ||
| Q2 25 | 1.9% | 8.8% | ||
| Q1 25 | 2.3% | 7.8% | ||
| Q4 24 | 3.3% | 6.6% | ||
| Q3 24 | 1.8% | 7.5% | ||
| Q2 24 | 1.9% | 6.7% |
| Q1 26 | — | 6.25× | ||
| Q4 25 | 0.68× | 0.91× | ||
| Q3 25 | 2.17× | 5.31× | ||
| Q2 25 | 0.71× | 1.88× | ||
| Q1 25 | 4.57× | — | ||
| Q4 24 | 1.90× | 1.82× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | 0.76× | -0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEV
| Organic revenues | $8.6B | 92% |
| Other | $752.0M | 8% |
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
