GE Vernova GEV
US equityMarket cap rank #83Specialty Industrial MachineryEnergy Storage ConceptPower semiconductorNuclear Power
$774.11 +$3.60 (+0.47%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $776.00 +0.24%
Open$797.23
Prev close$770.51
Day range$751.25 – $821.50
Volume7.21M
Market cap$204.89B
P/E (TTM)20.3
Dividend yield0.23%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$12.64B+26.8% YoY
Operating profit$1.39B+279.8% YoY
Net profit$1.29B+184.5% YoY
Diluted EPS$4.81+193.3% YoY
Free cash flow$5.41B+638.1% YoY
Operating cash flow$6.06B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin21.7%
Operating margin6.4%
Net margin23.5%
Return on equity103.5%
Return on assets14.7%
Return on invested capital77.9%
Current ratio0.83
Liabilities / assets85.5%
Cash & investments$16.76B
Total debt$2.80B
Net cash (debt)$13.97B
Free cash flow / sales38.9%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $12.64B | $11.10B | $9.34B | $38.07B | $10.96B |
| Total Operating Revenue | $12.64B | $11.10B | $9.34B | $38.07B | $10.96B |
| Cost of Revenue | $9.54B | $8.74B | $7.56B | $30.53B | $8.63B |
| Gross Profit | $3.11B | $2.36B | $1.78B | $7.54B | $2.32B |
| Operating Expense | $1.71B | $1.71B | $1.60B | $6.15B | $1.72B |
| Selling and Admin Expenses | $1.35B | $1.37B | $1.30B | $4.95B | $1.36B |
| Research & Development | $358.00M | $334.00M | $304.00M | $1.20B | $365.00M |
| Operating Profit | $1.39B | $655.00M | $179.00M | $1.39B | $602.00M |
| Net Non-Operating Interest Income (Expense) | $78.00M | $101.00M | $291.00M | $455.00M | $189.00M |
| Non-Operating Interest Income | $78.00M | $101.00M | – | $455.00M | $189.00M |
| Other Income (Expense) | $309.00M | $169.00M | $4.63B | $984.00M | $313.00M |
| Gain on Sale of Security | $21.00M | -$2.00M | $5.00M | -$14.00M | -$6.00M |
| Earnings from Equity Interest | $31.00M | $7.00M | $65.00M | $269.00M | $64.00M |
| Special Income (Charges) | $35.00M | $22.00M | $4.41B | $185.00M | $119.00M |
| -Less:Restructuring and Mergern & Acquisition | -$35.00M | -$22.00M | -$4.41B | -$185.00M | -$119.00M |
| Other Non-Operating Income (Expenses) | $222.00M | $142.00M | $157.00M | $544.00M | $136.00M |
| Pretax Profit | $1.78B | $925.00M | $5.10B | $2.83B | $1.11B |
| Tax | $493.00M | $276.00M | $354.00M | -$2.05B | -$2.57B |
| Net Profit | $1.29B | $649.00M | $4.75B | $4.88B | $3.67B |
| Profit from Continuing Operations | $1.29B | $649.00M | $4.75B | $4.88B | $3.67B |
| Minority Interests | -$2.00M | -$19.00M | $4.00M | -$4.00M | $7.00M |
| Net Income to Parent Company | $1.29B | $668.00M | $4.75B | $4.88B | $3.66B |
| Net Income to Common Stockholders | $1.29B | $668.00M | $4.75B | $4.88B | $3.66B |
| Basic EPS | $4.86 | $2.49 | $17.65 | $17.96 | $13.56 |
| Diluted EPS | $4.81 | $2.47 | $17.44 | $17.69 | $13.39 |
| Dividend Per Share | $0.00 | $0.50 | $0.50 | $1.25 | $0.75 |
| Total Other Finance Costs | – | – | -$291.00M | – | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $86.22B | $80.80B | $75.61B | $63.02B | $63.02B |
| Total Current Assets | $51.68B | $47.43B | $42.97B | $40.22B | $40.22B |
| Cash and Cash Equivalents & Short-Term Investments | $16.76B | $13.12B | $10.17B | $9.31B | $9.31B |
| -Cash and Cash Equivalents | $16.76B | $13.12B | $10.17B | $8.85B | $8.85B |
| Receivables | $20.91B | $20.62B | $19.18B | $19.10B | $19.10B |
| -Accounts Receivable | $9.14B | $8.80B | $7.36B | $7.87B | $7.87B |
| -Taxes Receivable | $817.00M | $853.00M | $845.00M | $662.00M | $662.00M |
| -Other Receivables | $11.32B | $11.41B | $11.43B | $11.01B | $11.01B |
| -Receivables Adjustments Allowances | -$365.00M | -$434.00M | -$450.00M | -$441.00M | -$441.00M |
| Inventory | $12.08B | $11.96B | $11.09B | $9.64B | $9.64B |
| Current Deferred Assets | $961.00M | $730.00M | $828.00M | $786.00M | $786.00M |
| Other Current Assets | $965.00M | $999.00M | $1.70B | $47.00M | $47.00M |
| Total Non-Current Assets | $34.54B | $33.37B | $32.64B | $22.80B | $22.80B |
| Net PPE | $7.82B | $7.35B | $7.14B | $6.01B | $6.01B |
| -Gross PPE | $16.10B | $15.71B | $15.44B | $6.01B | $6.01B |
| -Accumulated Depreciation | -$8.28B | -$8.36B | -$8.30B | – | – |
| Investments and Advances | $1.43B | $1.38B | $1.40B | $1.83B | $1.83B |
| -Long Term Equity Investment | $1.43B | $1.38B | $1.40B | $1.83B | $1.83B |
| Non Current Accounts Receivables | $471.00M | $453.00M | $462.00M | $2.37B | $2.37B |
| Goodwill and Other Intangible Assets | $13.95B | $14.20B | $14.40B | $5.17B | $5.17B |
| -Goodwill | $9.61B | $9.69B | $9.86B | $4.44B | $4.44B |
| -Other Intangible Assets | $4.34B | $4.51B | $4.54B | $726.00M | $726.00M |
| Non-Current Deferred Assets | $6.52B | $5.79B | $5.18B | $5.32B | $5.32B |
| Other Non-Current Assets | $4.35B | $4.19B | $4.07B | $487.00M | $487.00M |
| Total Liabilities | $73.68B | $67.69B | $60.55B | $50.72B | $50.72B |
| Total Current Liabilities | $62.47B | $55.83B | $48.09B | $40.97B | $40.97B |
| Payables | $10.79B | $10.11B | $9.57B | $9.43B | $9.43B |
| -Accounts Payable | $7.11B | $6.63B | $6.33B | $5.72B | $5.72B |
| -Total Tax Payable | $295.00M | $275.00M | $314.00M | $822.00M | $822.00M |
| -Other Payable | $3.38B | $3.20B | $2.93B | $2.75B | $2.75B |
| Current Deferred Liabilities | $45.67B | $39.94B | $31.83B | $25.77B | $25.77B |
| Other Current Liabilities | $6.01B | $5.78B | $6.69B | $3.38B | $3.38B |
| Total Non-Current Liabilities | $11.22B | $11.86B | $12.45B | $9.75B | $9.75B |
| Long Term Debt and Capital Lease Obligation | $2.80B | $2.79B | $2.81B | $926.00M | $926.00M |
| -Long Term Debt | $2.80B | $2.79B | $2.81B | $265.00M | $265.00M |
| Non-Current Deferred Liabilities | $1.47B | $1.47B | $1.30B | $1.34B | $1.34B |
| Employee Benefits | $2.16B | $2.65B | $3.20B | $3.17B | $3.17B |
| Other Non-Current Liabilities | $4.79B | $4.94B | $5.15B | $2.53B | $2.53B |
| Total Equity | $12.54B | $13.12B | $15.07B | $12.30B | $12.30B |
| Stockholders' Equity | $11.38B | $11.96B | $13.92B | $11.18B | $11.18B |
| Capital Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| -Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| Additional Paid-In Capital | $9.50B | $9.45B | $9.41B | $9.81B | $9.81B |
| Retained Earnings | $12.46B | $11.30B | $10.76B | $6.15B | $6.15B |
| Less: Treasury Stock | $8.70B | $7.06B | $4.68B | $3.39B | $3.39B |
| Gains/Losses Not Affecting Retained Earnings | -$1.87B | -$1.73B | -$1.57B | -$1.41B | -$1.41B |
| Minority Interests | $1.16B | $1.16B | $1.14B | $1.12B | $1.12B |
| Other Equity Interests | – | $1.00M | $1.00M | – | – |
| -Short Term Investments | – | – | – | $466.00M | $466.00M |
| Prepaid Assets | – | – | – | $698.00M | $698.00M |
| Financial Assets | – | – | – | $223.00M | $223.00M |
| Non-Current Prepaid Assets | – | – | – | $231.00M | $231.00M |
| Defined Pension Benefit | – | – | – | $1.16B | $1.16B |
| -Dividends Payable | – | – | – | $135.00M | $135.00M |
| Short-Term Debt and Capital Lease Obligation | – | – | – | $246.00M | $246.00M |
| -Current Debt | – | – | – | $63.00M | $63.00M |
| -Current Capital Lease Obligation | – | – | – | $183.00M | $183.00M |
| Long Term Accounts Payable and Other Payables | – | – | – | $1.18B | $1.18B |
| -Long Term Capital Lease Obligation | – | – | – | $661.00M | $661.00M |
| Derivative Product Liabilities | – | – | – | $63.00M | $63.00M |
| Non-Current Liabilities | – | – | – | $541.00M | $541.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $6.06B | $5.49B | $5.19B | $4.99B | $2.48B |
| Net cash flow from continuing operations | $6.06B | $5.49B | $5.19B | $4.99B | $2.48B |
| Net Income from Continuing Operations | $1.29B | $648.00M | $4.75B | $4.88B | $3.67B |
| Gain/Loss from Continuing Operations | -$602.00M | -$648.00M | -$170.00M | -$588.00M | -$153.00M |
| Depreciation & Depletion & Amortization | $439.00M | $417.00M | $342.00M | $853.00M | $230.00M |
| Deferred Tax | -$930.00M | -$448.00M | -$180.00M | -$2.88B | -$2.91B |
| Other Non-Cash Items | $591.00M | -$866.00M | -$4.86B | -$1.37B | -$614.00M |
| Change in Working Capital | $5.27B | $6.39B | $5.31B | $4.10B | $2.25B |
| -Change in Receivables | -$811.00M | -$1.39B | $193.00M | -$2.38B | -$2.29B |
| -Change in Inventory | -$308.00M | -$814.00M | -$930.00M | -$1.43B | -$386.00M |
| -Change in Payables and Accrued Expense | $573.00M | $476.00M | $473.00M | -$105.00M | -$671.00M |
| -Change In Other Working Capital | $5.82B | $8.12B | $5.57B | $8.02B | $5.60B |
| Net cash flow from investing | -$667.00M | $229.00M | -$4.29B | -$755.00M | -$374.00M |
| Net Cash Flow from Continuing Investing Activities | -$667.00M | $229.00M | -$4.29B | -$754.00M | -$373.00M |
| Net PPE Purchase and Sale | -$640.00M | -$362.00M | -$220.00M | -$1.24B | -$665.00M |
| Net Business Purchase and Sale | $2.00M | $21.00M | -$4.25B | $437.00M | $350.00M |
| Net Other Investing Changes | -$29.00M | $570.00M | $183.00M | $46.00M | -$59.00M |
| Financing Cash Flow | -$1.78B | -$2.74B | $442.00M | -$3.81B | -$1.18B |
| Net Cash Flow from Continuing Financing Activities | -$1.78B | -$2.74B | $441.00M | -$3.81B | -$1.18B |
| Net Issuance Payments Of Debt | $0.00 | $0.00 | $2.57B | $0.00 | $0.00 |
| Net Common Stock Issuance | -$1.63B | -$2.39B | -$1.28B | -$3.32B | -$1.08B |
| Cash Dividends Paid | -$133.00M | -$136.00M | -$137.00M | -$275.00M | -$68.00M |
| Net Other Financing Charges | -$25.00M | -$214.00M | -$710.00M | -$222.00M | -$35.00M |
| Ending Cash Balance | $16.76B | $13.12B | $10.17B | $8.85B | $8.85B |
| Net Change in Cash | $3.61B | $2.98B | $1.34B | $421.00M | $933.00M |
| Beginning Cash Balance | $13.12B | $10.17B | $8.85B | $8.21B | $7.95B |
| Effect of Exchange Rate Changes | $37.00M | -$30.00M | -$16.00M | $224.00M | -$26.00M |
| Free Cash Flow | $5.41B | $5.11B | $4.79B | $3.71B | $1.81B |
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