How GE Vernova makes money

Period

FY2025

How does GE Vernova make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

GE Vernova Inc. · FY2025 · year ended 2025-12-31

Revenue$38.1BGross profit$7.5B · 20%Cost of revenue$30.5B · 80%Operating income$1.4B · 4%Operating expenses$6.1B · 16%R&D$1.2B · 3%SG&A$4.9B · 13%Pre-tax income$4.9B · 13%Other income$3.5B · 9%Net income$4.9B · 13%Product$20.9B · 55%Service$17.1B · 45%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.