vs

Side-by-side financial comparison of GE Vernova (GEV) and U.S. Bancorp (USB). Click either name above to swap in a different company.

GE Vernova is the larger business by last-quarter revenue ($9.3B vs $7.4B, roughly 1.3× U.S. Bancorp). GE Vernova runs the higher net margin — 50.9% vs 27.8%, a 23.1% gap on every dollar of revenue. On growth, GE Vernova posted the faster year-over-year revenue change (16.3% vs 5.1%). Over the past eight quarters, GE Vernova's revenue compounded faster (6.7% CAGR vs 4.7%).

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...

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

GEV vs USB — Head-to-Head

Bigger by revenue
GEV
GEV
1.3× larger
GEV
$9.3B
$7.4B
USB
Growing faster (revenue YoY)
GEV
GEV
+11.2% gap
GEV
16.3%
5.1%
USB
Higher net margin
GEV
GEV
23.1% more per $
GEV
50.9%
27.8%
USB
Faster 2-yr revenue CAGR
GEV
GEV
Annualised
GEV
6.7%
4.7%
USB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GEV
GEV
USB
USB
Revenue
$9.3B
$7.4B
Net Profit
$4.8B
$2.0B
Gross Margin
Operating Margin
34.4%
Net Margin
50.9%
27.8%
Revenue YoY
16.3%
5.1%
Net Profit YoY
5.9%
23.0%
EPS (diluted)
$17.44
$1.26

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.

Revenue
GEV
GEV
USB
USB
Q1 26
$9.3B
Q4 25
$11.0B
$7.4B
Q3 25
$10.0B
$7.3B
Q2 25
$9.1B
$7.0B
Q1 25
$8.0B
$7.0B
Q4 24
$10.6B
$7.0B
Q3 24
$8.9B
$6.9B
Q2 24
$8.2B
$6.9B
Net Profit
GEV
GEV
USB
USB
Q1 26
$4.8B
Q4 25
$3.7B
$2.0B
Q3 25
$452.0M
$2.0B
Q2 25
$514.0M
$1.8B
Q1 25
$254.0M
$1.7B
Q4 24
$484.0M
$1.7B
Q3 24
$-96.0M
$1.7B
Q2 24
$1.3B
$1.6B
Gross Margin
GEV
GEV
USB
USB
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%
Operating Margin
GEV
GEV
USB
USB
Q1 26
Q4 25
5.5%
34.4%
Q3 25
3.7%
34.5%
Q2 25
4.1%
32.7%
Q1 25
0.5%
31.0%
Q4 24
5.6%
30.1%
Q3 24
-4.0%
30.2%
Q2 24
6.4%
29.9%
Net Margin
GEV
GEV
USB
USB
Q1 26
50.9%
Q4 25
33.4%
27.8%
Q3 25
4.5%
27.3%
Q2 25
5.6%
25.9%
Q1 25
3.2%
24.6%
Q4 24
4.6%
23.7%
Q3 24
-1.1%
25.0%
Q2 24
15.8%
23.3%
EPS (diluted)
GEV
GEV
USB
USB
Q1 26
$17.44
Q4 25
$13.28
$1.26
Q3 25
$1.64
$1.22
Q2 25
$1.86
$1.11
Q1 25
$0.91
$1.03
Q4 24
$1.75
$1.01
Q3 24
$-0.35
$1.03
Q2 24
$4.65
$0.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GEV
GEV
USB
USB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$65.2B
Total Assets
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
GEV
GEV
USB
USB
Q1 26
Q4 25
$11.2B
$65.2B
Q3 25
$8.6B
$63.3B
Q2 25
$8.9B
$61.4B
Q1 25
$8.6B
$60.1B
Q4 24
$9.5B
$58.6B
Q3 24
$9.5B
$58.9B
Q2 24
$9.1B
$56.4B
Total Assets
GEV
GEV
USB
USB
Q1 26
Q4 25
$63.0B
$692.3B
Q3 25
$54.4B
$695.4B
Q2 25
$53.1B
$686.4B
Q1 25
$51.6B
$676.5B
Q4 24
$51.5B
$678.3B
Q3 24
$50.9B
$686.5B
Q2 24
$48.1B
$680.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GEV
GEV
USB
USB
Operating Cash FlowLast quarter
$2.8B
Free Cash FlowOCF − Capex
$4.8B
FCF MarginFCF / Revenue
51.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$7.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEV
GEV
USB
USB
Q1 26
Q4 25
$2.5B
$2.8B
Q3 25
$980.0M
$3.4B
Q2 25
$367.0M
$2.0B
Q1 25
$1.2B
$-285.0M
Q4 24
$921.0M
$4.8B
Q3 24
$1.1B
$972.0M
Q2 24
$979.0M
$2.9B
Free Cash Flow
GEV
GEV
USB
USB
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
FCF Margin
GEV
GEV
USB
USB
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%
Capex Intensity
GEV
GEV
USB
USB
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%
Cash Conversion
GEV
GEV
USB
USB
Q1 26
Q4 25
0.68×
1.39×
Q3 25
2.17×
1.69×
Q2 25
0.71×
1.12×
Q1 25
4.57×
-0.17×
Q4 24
1.90×
2.87×
Q3 24
0.57×
Q2 24
0.76×
1.79×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons