GEV
$988.70+0.13%
as of close, Oct 2, 2026
☾ AH $988.70 +0.13%
GE Vernova Inc.Stock · IndustrialsS&P 500 0.5%Russell 1000 0.5%US Stock Market 0.4%Russell 3000 0.4%MSCI World 0.3%MSCI ACWI 0.3%S&P 500 Equal Weight 0.2%
GEV financial statements
The full income statement, balance sheet, and cash-flow statement for GE Vernova Inc. (GEV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 274.8M2024-09 275.7M2024-12 275.9M2025-03 272.9M2025-06 272.2M2025-09 271.3M2025-12 269.5M2026-03 268.7M2026-06 266.3M-3.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 38.1B+9.0% | 34.9B+5.1% | 33.2B+12.1% | 29.7B | |
| 7.54B+23.8% | 6.08B+26.3% | 4.82B+39.3% | 3.46B | ||
| Cost of revenue | 30.5B+5.8% | 28.9B+1.5% | 28.4B+8.5% | 26.2B | |
| Research & development | 1.20B+21.9% | 982M+9.6% | 896M-8.5% | 979M | |
| Selling, general & administrative | 4.95B+6.8% | 4.63B-4.4% | 4.84B-9.6% | 5.36B | |
| Restructuring | 176M+1.7% | 173M-19.9% | 216M+94.6% | 111M | |
| Amortization of intangibles | 238M-14.1% | 277M+15.4% | 240M-76.4% | 1.02B | |
| Provision for credit losses | 2.00M-93.9% | 33.0M+571.4% | -7.00M-177.8% | 9.00M | |
| Operating income | 1.39B+194.7% | 471M+151.0% | -923M+68.0% | -2.88B | |
| Other non-operating income | 795M-42.1% | 1.37B+323.5% | 324M-12.4% | 370M | |
| Equity-method income | 269M+407.5% | 53.0M+182.8% | -64.0M-206.7% | 60.0M | |
| Pre-tax income | 2.83B+13.2% | 2.50B+2021.5% | -130M+94.7% | -2.47B | |
| Income tax | -2.05B-318.4% | 939M+173.0% | 344M+38.7% | 248M | |
| 4.88B+214.7% | 1.55B+454.3% | -438M+84.0% | -2.74B | ||
| Net income to non-controlling interest | -4.00M-157.1% | 7.00M+119.4% | -36.0M-357.1% | 14.0M | |
| $17.69+217.0% | $5.58+448.8% | -$1.60+84.0% | -$10.00 | ||
| EPS (basic) | $17.92+217.2% | $5.65+453.1% | -$1.60+84.0% | -$10.00 | |
| Weighted-avg shares (basic) | 272M-1.1% | 275M+0.4% | 274M+0.0% | 274M | |
| Weighted-avg shares (diluted) | 276M-0.7% | 278M+1.5% | 274M+0.0% | 274M | |
| Dividends per share | $1.25+400.0% | $0.25 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 40.2B+17.8% | 34.2B+24.5% | 27.4B | — | ||
| Cash & equivalents | 8.85B+7.8% | 8.21B+429.0% | 1.55B-25.0% | 2.07B | |
| Accounts receivable | 9.80B+19.9% | 8.18B | — | — | |
| Inventory | 10.4B+21.5% | 8.59B+4.0% | 8.25B | — | |
| Other current assets | 1.45B+156.2% | 564M+60.2% | 352M | — | |
| 63.0B+22.4% | 51.5B+11.6% | 46.1B | — | ||
| Operating lease right-of-use | 788M+17.4% | 671M+0.4% | 668M | — | |
| Goodwill | 4.44B+4.1% | 4.26B-3.9% | 4.44B+6.6% | 4.16B | |
| Intangible assets | 727M-10.6% | 813M-22.0% | 1.04B | — | |
| Deferred tax assets | 5.32B+224.6% | 1.64B+3.6% | 1.58B | — | |
| Other non-current assets | 4.09B+48.2% | 2.76B+24.0% | 2.23B | — | |
| 41.0B+29.3% | 31.7B+8.1% | 29.3B | — | ||
| Accounts payable | 5.72B+15.2% | 4.97B | — | — | |
| Deferred revenue | 25.8B+46.6% | 17.6B+16.7% | 15.1B | — | |
| Short-term & current debt | 63.0M+5.0% | 60.0M-58.6% | 145M | — | |
| Current lease liability | 183M+12.3% | 163M-15.5% | 193M | — | |
| Other current liabilities | 6.31B+14.8% | 5.50B+26.3% | 4.35B | — | |
| Finance lease liability (current) | 24.0M+33.3% | 18.0M-33.3% | 27.0M | — | |
| 50.7B+24.0% | 40.9B+8.3% | 37.7B | — | ||
| Long-term debt | 265M | — | — | — | |
| Deferred revenue (non-current) | 175M+11.5% | 157M-9.2% | 173M | — | |
| Non-current lease liability | 661M+17.6% | 562M+7.0% | 525M | — | |
| Operating lease liability (total) | 843M+16.3% | 725M+1.0% | 718M | — | |
| Finance lease liability (total) | 278M+4.5% | 266M-14.5% | 311M | — | |
| Finance lease liability | 254M+2.4% | 248M-12.7% | 284M | — | |
| Deferred tax liabilities | 1.16B+40.5% | 827M+116.5% | 382M | — | |
| Other non-current liabilities | 5.15B+0.7% | 5.12B+7.0% | 4.78B | — | |
| 11.2B+17.1% | 9.55B+28.7% | 7.42B-36.1% | 11.6B | ||
| Common stock | 3.00M+0.0% | 3.00M | 0.00 | — | |
| Additional paid-in capital | 9.81B+0.8% | 9.73B | 0.00 | — | |
| Retained earnings | 6.15B+282.0% | 1.61B | 0.00 | — | |
| Treasury stock | 3.38B+7772.1% | 43.0M | 0.00 | — | |
| Accumulated other comprehensive income | -1.41B+20.0% | -1.76B-177.0% | -635M | — | |
| Non-controlling interest | 1.12B+6.8% | 1.05B+8.6% | 964M | — | |
| Total equity incl. non-controlling | 12.3B+16.1% | 10.6B+26.4% | 8.38B-27.8% | 11.6B | |
| Total liabilities & equity | 63.0B+22.4% | 51.5B+11.6% | 46.1B | — | |
| Common shares issued | 270M-2.3% | 276M | — | — | |
| Common shares outstanding | 270M-2.3% | 276M | — | — | |
| Shares outstanding (cover) | 270M-2.3% | 276M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 4.99B+93.1% | 2.58B+117.8% | 1.19B+1140.4% | -114M | ||
| Depreciation & amortization | 853M-27.2% | 1.17B+21.6% | 964M-46.4% | 1.80B | |
| Intangible amortization | 238M-14.1% | 277M+15.4% | 240M-76.4% | 1.02B | |
| Change in inventory | 1.43B+123.6% | 641M+167.1% | 240M-74.7% | 949M | |
| Other operating activities | -1.19B-618.3% | 229M+51.7% | 151M-50.0% | 302M | |
| -755M-1940.5% | -37.0M+95.0% | -734M-128.0% | -322M | ||
| Capital expenditure | 1.28B+44.6% | 883M+18.7% | 744M+45.0% | 513M | |
| Free cash flow | 3.71B+118.2% | 1.70B+284.6% | 442M+170.5% | -627M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 39.0M+56.0% | 25.0M-58.3% | 60.0M+13.2% | 53.0M | |
| Other investing activities | -47.0M-138.5% | 122M-38.7% | 199M+204.2% | -191M | |
| -3.81B-204.4% | 3.65B+995.1% | -408M-150.3% | 811M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 3.32B+7611.6% | 43.0M | 0.00 | 0.00 | |
| Dividends paid | 275M | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -221M-128.2% | 785M+1346.0% | -63.0M+58.3% | -151M | |
| Net change in cash | 644M-89.4% | 6.05B+9068.2% | 66.0M-77.1% | 288M | |
| Interest paid | 53.0M-28.4% | 74.0M-10.8% | 83.0M+7.8% | 77.0M | |
| Income taxes paid | 830M+33.2% | 623M+31050.0% | 2.00M-97.8% | 91.0M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 176B+94.1% | 90.8B | — | — | |
| P/E | 36.1×-38.3% | 58.5× | — | — | |
| P/S | 4.6×+78.1% | 2.6× | — | — | |
| P/B | 15.8×+65.8% | 9.5× | — | — | |
| P/FCF | 47.5×-11.1% | 53.4× | — | — | |
| Earnings yield | 2.8%+62.1% | 1.7% | — | — | |
| FCF yield | 2.1%+12.4% | 1.9% | — | — | |
| Dividend yield | 0.19%+151.6% | 0.08% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GEV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GEV filings on SEC EDGAR → Not investment advice.