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Stocks / United States / GEV · Electronic & Other Electrical Equipment (No Computer Equip) · NYSE

GE Vernova Inc. (GEV)

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GE Vernova Inc. (GEV) reported revenue of $11.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 21.9% on the same quarter a year earlier. Net income was $668 million, up 30.0% on the year, and diluted earnings per share $2.47. The figures are the company's own, from the 10-Q it filed with the SEC on 22 July 2026.

Revenue$11.1 billionup 21.9%
Net income$668 millionup 30.0%
Diluted EPS$2.47
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE79.7%
ROCE12.2%
Operating margin4.3%
Net margin23.0%
FCF margin30.1%
Interest covern/a
Debt to equity0.23
Cash conversion1.48
Share count, 1 year-2.2%
Sales CAGR, 3 years8.7%
Profit CAGR, 3 yearsn/a
EPS, TTM$34.83

At the close of 21 September 2026

Price$946.22
Market cap$252.0 billion
Stock P/E27.17
Price to book21.08
EV / EBITDA80.51
Dividend yield0.1%
Market cap / sales6.09
52-week high$1,174.86
52-week low$547.96
Price, 1 year51.6%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure GE Vernova Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 2 April 2024 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GEV

Filings18 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales4 Form 144 notices in twelve months, $21.4 million; latest 1 June 2026
Options tapeput/call 1.62 by open interest on 23 September 2026; the straddle prices a 3.4% move to 25 September 2026
Holders13 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest8.8 million shares short, 3.92 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8,25310,0457,2608,2048,91310,5588,0329,1119,96910,9569,33911,104
Cost of revenue7,2018,3446,1096,5027,8048,4356,5627,2668,0718,6347,5588,744
Gross profit1,0511,7011,1501,7021,1092,1241,4701,8461,8972,3221,7812,360
Gross margin13%17%16%21%12%20%18%20%19%21%19%21%
R&D223255237237243265239282310366304334
SG&A1,1351,2521,2029381,2261,2661,1881,1851,2211,3551,2981,372
Operating income-307194-289527-35959243.0378366601179653
Operating margin-4%2%-4%6%-4%6%1%4%4%5%2%6%
Pre-tax income-16.0328-96.01,602-1221,1143326457461,1055,103925
Tax raten/a37%n/a20%n/a57%20%24%39%-232%7%30%
Net income-170197-1301,294-96.04842545144523,6644,745668
Net margin-2%2%-2%16%-1%5%3%6%5%33%51%6%
Diluted EPS-$0.62n/a-$0.47$4.65-$0.35$1.75$0.91$1.86$1.64$13.28$17.44$2.47
Operating cash flow2331,931-4449791,1279211,1613679802,4795,1885,492
Capital expenditure181280217157159350186173247671397386
Free cash flow52.01,651-6618229685719751947331,8084,7915,106
Buybacksn/an/a0.00.040.03.01,1014806601,0751,2782,393
Dividends paidn/an/a0.00.00.00.069.070.068.068.0137136
Shares outstanding276m276m274m275m276m276m273m272m271m270m269m266m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 4 fiscal years and the trailing twelve months

FY2022FY2023FY2024FY2025TTM
Revenue29,65433,23934,93538,06841,368
Cost of revenue26,19628,42128,85030,53333,007
Gross profit3,4584,8186,0857,5358,360
Gross margin11.7%14.5%17.4%19.8%20.2%
Research and development9798969821,1971,314
Selling, general and administrative5,3604,8454,6324,9495,246
Operating income-2,881-9234711,3881,799
Operating margin-9.7%-2.8%1.3%3.6%4.3%
Pre-tax income-2,474-1302,4982,8287,879
Income tax248344939-2,051-1,642
Effective tax raten/an/a37.6%-72.5%-20.8%
Net income-2,736-4381,5524,8849,529
Net margin-9.2%-1.3%4.4%12.8%23.0%
Diluted EPS-$10.00-$1.60$5.58$17.69$34.83
Filing10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2022FY2023FY2024FY2025TTM
Operating cash flow-1141,1862,5834,98714,139
Capital expenditure5137448831,2771,701
Free cash flow-6274421,7003,71012,438
Free cash flow margin-2.1%1.3%4.9%9.7%30.1%
Depreciation and amortisation1,7979641,1728531,203
Share-based compensationn/an/a155257n/a
Buybacksn/a0.043.03,3165,406
Dividends paidn/a0.00.0275409
Dividend per sharen/an/a$0.25$1.25n/a
Diluted shares, weighted274m274m278m276m270m
Shares outstanding at period endn/an/a276m270m266m
Filing10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023FY2024FY2025TTM
Total assetsn/a46,12151,48563,01680,800
Cash and equivalents2,0671,5518,2058,84813,120
Receivablesn/an/a8,1779,80311,099
Inventoryn/a8,2538,58710,42912,692
Goodwill4,1644,4374,2634,4399,689
Long-term debt including finance leasesn/an/an/a2652,794
Operating lease liabilitiesn/a525562661n/a
Finance lease liabilitiesn/a284248254n/a
Shareholders' equity11,6077,4169,54611,17811,957
Filing10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a8.7%13.0%
Profit growth, compoundedn/an/an/a724.3%
Return on equity, averagen/a7.6%18.0%43.7%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electronic & Other Electrical Equipment (No Computer Equip)

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
General Electric Co. GE$331.0 billion37.5750.9%18.1%21.7%1.090.5%
GE Vernova Inc. GEV$252.0 billion27.1779.7%4.3%13.0%0.230.1%
Emerson Electric Co. EMR$84.6 billion33.2212.7%n/a4.8%0.371.4%
Otis Worldwide Corp. OTIS$25.4 billion17.13n/a15.4%5.2%n/a2.5%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202622 July 2026EDGAR
10-Q31 March 202622 April 2026EDGAR
10-K31 December 202529 January 2026EDGAR
10-Q30 September 202522 October 2025EDGAR
10-Q30 June 202523 July 2025EDGAR
10-Q31 March 202523 April 2025EDGAR
10-K31 December 20246 February 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202424 July 2024EDGAR
10-Q31 March 202430 April 2024EDGAR

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