Gross margin
19.8% Fiscal year 2025
Rank 11 of 100: higher than 11% of 153 peers (All). weak.
Rank 25 of 100: higher than 25% of 22 peers (Sector). weak.
Median Industrials: 35.4%
Share of revenue left after the direct cost of the products sold.
GE Vernova was spun off from General Electric in 2024 and combines the energy business. The company builds gas turbines, steam and hydropower equipment, onshore and offshore wind turbines, and technology for power grids and their control. As of Oct 11, 2026
GE Vernova develops, manufactures, delivers and services technology for generating, transmitting, orchestrating, converting and storing electricity. The company builds, modernizes and services power systems so that customers can electrify their operations and reduce emissions. Its customers include utilities, project developers and governments as well as electricity users. Besides new technology, the company also services the installed base of equipment. In April 2024 GE Vernova became an independent company through a spin-off from General Electric, now GE Aerospace.
Automatically summarized from SEC annual report (10-K, filed Jan 29, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: greenDebt: gray
GE Vernova · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Jan 29, 2026.
One-off effect in profit – prior-year figures are only partly comparable. unusually high profit in quarter Q4/25 (net margin 33.4%).
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
19.8% Fiscal year 2025
Rank 11 of 100: higher than 11% of 153 peers (All). weak.
Rank 25 of 100: higher than 25% of 22 peers (Sector). weak.
Median Industrials: 35.4%
Share of revenue left after the direct cost of the products sold.
3.6% Fiscal year 2025
Rank 26 of 100: higher than 26% of 192 peers (All). weak.
Rank 27 of 100: higher than 27% of 28 peers (Sector). weak.
Median Industrials: 10.4%
Operating income divided by revenue: what the core business earns before interest and taxes.
12.8% Fiscal year 2025
Rank 47 of 100: higher than 47% of 237 peers (All). medium.
Rank 49 of 100: higher than 49% of 34 peers (Sector). medium.
Median Industrials: 12.9%
Profit after all costs, interest and taxes divided by revenue.
43.7% Fiscal year 2025
Rank 86 of 100: higher than 86% of 218 peers (All). strong.
Rank 80 of 100: higher than 80% of 32 peers (Sector). strong.
Median Industrials: 26.3%
Net income divided by equity at fiscal year end.
7.8% Fiscal year 2025 (total assets at year end)
Rank 62 of 100: higher than 62% of 238 peers (All). medium.
Rank 54 of 100: higher than 54% of 34 peers (Sector). medium.
Median Industrials: 7.5%
Net income divided by total assets at fiscal year end.
17.7% Fiscal year 2025
Rank 22 of 100: higher than 22% of 239 peers (All). weak.
Rank 22 of 100: higher than 22% of 34 peers (Sector). weak.
Median Industrials: 33.2%
Equity as a share of total assets. Usually low for banks.
9.7% Fiscal year 2025
Rank 42 of 100: higher than 42% of 213 peers (All). medium.
Rank 48 of 100: higher than 48% of 32 peers (Sector). medium.
Median Industrials: 10.5%
Free cash flow divided by revenue.
3.7B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+8.7% per year
Rank 51 of 100: higher than 51% of 230 peers (All). medium.
Rank 55 of 100: higher than 55% of 32 peers (Sector). medium.
Median Industrials: +8.5%
Average growth per year over 3 fiscal years.
7% Fiscal year 2025
Dividend per share divided by earnings per share.
10.8x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
6 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
0.03 at fiscal year end
Rank 93 of 100: lower than 93% of 199 peers (All). strong.
Rank 92 of 100: lower than 92% of 32 peers (Sector). strong.
Median Industrials: 0.62
Long-term financial debt divided by equity.
0.98 at fiscal year end
Rank 23 of 100: higher than 23% of 215 peers (All). weak.
Rank 23 of 100: higher than 23% of 33 peers (Sector). weak.
Median Industrials: 1.22
Current assets divided by current liabilities.
+0.7% in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 38.1B USD · Net income 4.9B USD · Net margin 12.8%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 19.8 USD gross profit, 3.6 USD operating income and 12.8 USD net income remained.
Net income is above operating income (e.g. a tax benefit, gains on investments or securities).
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 38.1B USD | 100.0% |
| Gross profit | 7.5B USD | 19.8% |
| Cost of revenue | 30.5B USD | 80.2% |
| Operating income | 1.4B USD | 3.6% |
| Research & development | 1.2B USD | 3.1% |
| Other operating expenses | 5.0B USD | 13.0% |
| Net income | 4.9B USD | 12.8% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin rose in 3 years from −9.7% to 3.6%.
Gross marginOperating marginNet marginReturn on equity rose in 3 years from −23.6% to 43.7%.
Return on equityReturn on assetsThe equity ratio rose in 2 years from 16.1% to 17.7%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio stayed roughly the same in 2 years (0.98).
Current ratioFree cash flow rose in 3 years from −627.0M USD to 3.7B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count stayed roughly the same in 3 years.
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose within one year from 0.25 USD to 1.25 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio rose within one year from 4.5% to 7.1%.
Payout ratio (earnings)Payout ratio (free cash flow)Over 3 years, 3.6B USD went back to shareholders, 92% of it through share repurchases. That is 62% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
GE Vernova next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| GD General Dynamics | 52.6B USD | +6.7% | – | 10.2% | 8.0% | 16.4% | 44.8% | 7.5% | – |
| UBER Uber | 52.0B USD | +36.1% | 39.8% | 10.7% | 19.3% | 37.2% | 43.8% | 18.8% | 6/9 |
| GE GE Aerospace | 45.9B USD | −10.4% | – | – | 19.0% | 46.6% | 14.3% | 15.8% | – |
| DE Deere & Company | 45.7B USD | +5.2% | – | – | 11.0% | 19.4% | 24.5% | – | – |
| GEV GE Vernova this stock | 38.1B USD | – | 19.8% | 3.6% | 12.8% | 43.7% | 17.7% | 9.7% | – |
| CMI Cummins | 33.7B USD | +11.2% | 25.3% | 12.0% | 8.4% | 23.0% | 36.3% | 7.1% | 7/9 |
| PWR Quanta Services | 28.5B USD | +20.5% | 15.0% | 5.7% | 3.6% | 11.5% | 35.9% | 5.7% | 5/9 |
| ETN Eaton Corporation | 27.4B USD | +9.0% | 37.6% | – | 14.9% | 21.0% | 47.1% | 12.9% | 6/9 |
| WM Waste Management | 25.2B USD | +10.6% | 40.4% | 17.1% | 10.7% | 27.1% | 21.8% | 11.2% | 6/9 |
| Median of the sector 34 symbols | 24.1B USD | +9.2% | 35.4% | 10.4% | 12.9% | 26.3% | 33.2% | 9.7% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
+8.7% per year, last 3 years
Sector Industrials: median +5.6% (86 symbols)
What does this mean? Revenue: over 3 years it grew by 8.7% per year on average – at least as fast as the median company in the sector (+5.6%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
– per year, last 3 years
Sector Industrials: median +3.7% (77 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
12.8% last fiscal year
Sector Industrials: median 11.1% (88 symbols)
What does this mean? Of every 100 USD in revenue, 12.83 USD remained as profit – at least as much as the median company in the sector (11.1%).
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.24 latest balance sheet
Sector Industrials: median 0.58 (77 symbols)
What does this mean? For every 1 USD of equity there is 0.24 USD of financial debt – no more than the median company in the sector (0.58). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
7% Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.07 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
2 of 4 fiscal years with a profit
What does this mean? In 2 of the last 4 fiscal years the bottom line showed a profit. 2 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 38.1B | 4.9B | 12.8% | 17.69 | 1.25 | 7% |
| 2024 | Dec 31, 2024 | 34.9B | 1.6B | 4.4% | 5.58 | 0.25 | 4% |
| 2023 | Dec 31, 2023 | 33.2B | −438.0M | −1.3% | −1.60 | – | – |
| 2022 | Dec 31, 2022 | 29.7B | −2.7B | −9.2% | −10.00 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 11.1B | 668.0M | 6.0% | 2.47 | 0.50 | 20% |
| Q1/26 | Mar 31, 2026 | 9.3B | 4.7B | 50.8% | 17.44 | 0.50 | 3% |
| Q4/25* | Dec 31, 2025 | 11.0B | 3.7B | 33.4% | – | 0.50 | – |
| Q3/25 | Sep 30, 2025 | 10.0B | 452.0M | 4.5% | 1.64 | 0.25 | 15% |
| Q2/25 | Jun 30, 2025 | 9.1B | 514.0M | 5.6% | 1.86 | 0.50 | 27% |
| Q1/25 | Mar 31, 2025 | 8.0B | 254.0M | 3.2% | 0.91 | – | – |
| Q4/24* | Dec 31, 2024 | 10.6B | 484.0M | 4.6% | – | – | – |
| Q3/24 | Sep 30, 2024 | 8.9B | −96.0M | −1.1% | −0.35 | – | – |
| Q2/24 | Jun 30, 2024 | 8.2B | 1.3B | 15.8% | 4.65 | – | – |
| Q1/24 | Mar 31, 2024 | 7.3B | −130.0M | −1.8% | −0.47 | – | – |
| Q4/23* | Dec 31, 2023 | 10.0B | 197.0M | 2.0% | – | – | – |
| Q3/23 | Sep 30, 2023 | 8.3B | −170.0M | −2.1% | −0.62 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $00 people | $0 |
| 6 months | $00 people | $7.0M2 people | −$7.0M |
| 12 months | $00 people | $11.5M3 people | −$11.5M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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