Revenue
12.6 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 12642000000 USD Source
Fundies. English
GE Vernova Inc.
EDGARAnnual consolidated revenue for 2025: about USD 38.07B, using the latest reported figures. The previous period, 2024, was about USD 34.94B.
Latest quarter
Operating margin
11.03%
2026 Q3 · %
Operating cash flow
6.06 billion USD
2026 Q3 · USD
- Cash and cash equivalents
- Not available
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 265 million shares Source
Exact value
264677066 shares
Reported share-count change
-2.45% · -6.64 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
44 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
10.4 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
19.2 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 4987000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 2508000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 5188000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 10680000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 5188000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 16737000000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 10680000000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-28.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 4 of 11 periods available· newest 2025-12-31
- Operating income: 4 of 11 periods available· newest 2025-12-31
- Net income: 4 of 11 periods available· newest 2025-12-31
- Operating cash flow: 4 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 3 of 11 periods available· newest 2025-12-31
- Total liabilities: 3 of 11 periods available· newest 2025-12-31
- Current assets: 3 of 11 periods available· newest 2025-12-31
- Current liabilities: 3 of 11 periods available· newest 2025-12-31
- cash and cash equivalents: No compatible figures in this window
- long term debt: No compatible figures in this window
- Shares outstanding: 2 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+9%Prior period
USD 34.94 billion
–
Current period
USD 38.07 billion
–
Exact inputs and evidence
38068000000 − 34935000000 = 3133000000 USD
34935000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source38068000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+214.7%Prior period
USD 1.55 billion
–
Current period
USD 4.88 billion
–
Exact inputs and evidence
4884000000 − 1552000000 = 3332000000 USD
1552000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source4884000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+93.1%Prior period
USD 2.58 billion
–
Current period
USD 4.99 billion
–
Exact inputs and evidence
4987000000 − 2583000000 = 2404000000 USD
2583000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source4987000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 38.07 billion 100% of revenue
- Cost of revenue USD 30.53 billion 80% of revenue
- Operating expenses USD 6.15 billion 16% of revenue
- Operating income USD 1.39 billion 3.6% of revenue
- Tax, interest and other Derived −USD 3.5 billion −9.2% of revenue
- Net income USD 4.88 billion 13% of revenue
Cash
- Operating cash flow USD 4.99 billion 13% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2022 Operating loss: operating costs were 110% of revenue.
- 2023 Operating loss: operating costs were 103% of revenue.
- 2024 Net income was higher than operating income, so the split is not drawn.
- 2025 Net income was higher than operating income, so the split is not drawn.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | 29654000000 | 32535000000 Derived | -2881000000 | -145000000 Derived | -2736000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 33239000000 | 34162000000 Derived | -923000000 | -485000000 Derived | -438000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 34935000000 | 34464000000 Derived | 471000000 | -1081000000 Derived | 1552000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 38068000000 | 36680000000 Derived | 1388000000 | -3496000000 Derived | 4884000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 38.1B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Revenue | 29654000000 |
|
| 2023 | Revenue | 33239000000 |
|
| 2024 | Revenue | 34935000000 |
|
| 2025 | Revenue | 38068000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Year over year | No prior comparable period |
|
| 2023 | Year over year | 12.1% |
|
| 2024 | Year over year | 5.1% |
|
| 2025 | Year over year | 9% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 3.6% 2025
Net margin 12.8% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022 | Operating margin | -9.7% |
|
| 2023 | Operating margin | -2.8% |
|
| 2024 | Operating margin | 1.3% |
|
| 2025 | Operating margin | 3.6% |
|
| 2022 | Net margin | -9.2% |
|
| 2023 | Net margin | -1.3% |
|
| 2024 | Net margin | 4.4% |
|
| 2025 | Net margin | 12.8% |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 5B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Operating cash flow | -114000000 |
|
| 2023 | Operating cash flow | 1186000000 |
|
| 2024 | Operating cash flow | 2583000000 |
|
| 2025 | Operating cash flow | 4987000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
80.5% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2023 | Liabilities / assets | 81.8% |
|
| 2024 | Liabilities / assets | 79.4% |
|
| 2025 | Liabilities / assets | 80.5% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.98× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023 | Current assets / current liabilities | 0.94× |
|
| 2024 | Current assets / current liabilities | 1.08× |
|
| 2025 | Current assets / current liabilities | 0.98× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2022 2022-01-01 – 2022-12-31 | −USD 2.74 billion Exact valueExact value: -2736000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 114 million Exact valueExact value: -114000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | −USD 438 million Exact valueExact value: -438000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.19 billion Exact valueExact value: 1186000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 1.55 billion Exact valueExact value: 1552000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.58 billion Exact valueExact value: 2583000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 4.88 billion Exact valueExact value: 4884000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.99 billion Exact valueExact value: 4987000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
20 filings · 3,848 latest values · 3,848 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001996810, 1996810, GEV, edgar:1996810
Also known as GE Vernova Inc., GE Vernova LLC