GE Vernova (GEV) financials
GE Vernova revenue and earnings by year
GE Vernova's revenue was $38.1 billion in the fiscal year to December 31, 2025, up 9.0% from the year before. Net income was $4.88 billion, 12.8% of revenue. Since the fiscal year to December 31, 2021, revenue has grown 3.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 5 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 38.1 | 34.9 | 33.2 | 29.7 | 33.0 |
| Revenue growth | 9.0% | 5.1% | 12.1% | -10.2% | — |
| Gross profit | 7.5 | 6.1 | 4.8 | 3.5 | 4.9 |
| Gross margin | 19.8% | 17.4% | 14.5% | 11.7% | 15.0% |
| Operating income | 1.4 | 0.5 | -0.9 | -2.9 | -0.9 |
| Operating margin | 3.6% | 1.3% | -2.8% | -9.7% | -2.7% |
| Net income | 4.9 | 1.6 | -0.4 | -2.7 | -0.6 |
| Net margin | 12.8% | 4.4% | -1.3% | -9.2% | -1.9% |
| Diluted EPS | $17.69 | $5.58 | — | — | — |
| Free cash flow | 3.7 | 1.7 | 0.5 | -0.6 | -2.2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open GEV in Markets.
How GE Vernova makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $8.34B | 66.0% |
| Services | $4.30B | 34.0% |
See also: GEV valuation and P/E history · GEV returns
No forecast, no recommendation. This page describes GE Vernova from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.