For the twelve months ended Sep 30, 2026, GE Vernova Inc. reported $44.04B of revenue and $10.37B of net income.
GEV revenue was $12.64B in fiscal Q3 2026 (ended Sep 30, 2026), up 26.8% from a year earlier and up 13.9% from the prior quarter. For the full fiscal 2025 it was $38.07B, up 9.0% from fiscal 2024. It rose in each of the last 3 fiscal years.
GEV net income was $1.29B in fiscal Q3 2026 (ended Sep 30, 2026), up 185.6% from a year earlier and up 93.3% from the prior quarter. For the full fiscal 2025 it was $4.88B, up 214.7% from fiscal 2024.
GEV diluted EPS was $4.81 in fiscal Q3 2026 (ended Sep 30, 2026), up 193.3% from a year earlier and up 94.7% from the prior quarter. For the full fiscal 2025 it was $17.69, up 217.0% from fiscal 2024.
GEV free cash flow was $5.41B in fiscal Q3 2026 (ended Sep 30, 2026), up 638.1% from a year earlier and up 6.0% from the prior quarter. For the full fiscal 2025 it was $3.71B, up 118.2% from fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $38.07B | $34.94B | $33.24B | $29.65B |
| Cost of revenue | $30.53B | $28.85B | $28.42B | $26.20B |
| Gross profit | $7.54B | $6.08B | $4.82B | $3.46B |
| Research and development | $1.20B | $982.00M | $896.00M | $979.00M |
| Selling, general and admin | $4.95B | $4.63B | $4.84B | $5.36B |
| Operating income | $1.39B | $471.00M | -$923.00M | -$2.88B |
| Pre-tax income | $2.83B | $2.50B | -$130.00M | -$2.47B |
| Income tax | -$2.05B | $939.00M | $344.00M | $248.00M |
| Net income | $4.88B | $1.55B | -$438.00M | -$2.74B |
| EPS, basic | $17.92 | $5.65 | -$1.60 | -$10.00 |
| EPS, diluted | $17.69 | $5.58 | -$1.60 | -$10.00 |
| Diluted shares | 276.0M | 278.0M | 274.0M | 274.0M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $8.85B | $8.21B | $1.55B | $2.07B |
| Receivables | $9.80B | $8.18B | - | - |
| Inventory | $10.43B | $8.59B | $8.25B | - |
| Current assets | $40.22B | $34.15B | $27.43B | - |
| Goodwill | $4.44B | $4.26B | $4.44B | $4.16B |
| Total assets | $63.02B | $51.48B | $46.12B | - |
| Current liabilities | $40.97B | $31.68B | $29.31B | - |
| Short-term debt | $63.00M | $60.00M | $145.00M | - |
| Long-term debt | $265.00M | - | - | - |
| Total debt | $328.00M | - | - | - |
| Total liabilities | $50.72B | $40.89B | $37.74B | - |
| Shareholders' equity | $11.18B | $10.59B | $8.38B | $11.61B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | $4.99B | $2.58B | $1.19B | -$114.00M |
| Capital expenditures | $1.28B | $883.00M | $744.00M | $513.00M |
| Free cash flow | $3.71B | $1.70B | $442.00M | -$627.00M |
| Investing cash flow | -$755.00M | -$37.00M | -$734.00M | -$322.00M |
| Financing cash flow | -$3.81B | $3.65B | -$408.00M | $811.00M |
| Dividends paid | $275.00M | $0 | $0 | - |
| Share repurchases | $3.32B | $43.00M | $0 | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | 9.0% | 5.1% | 12.1% | - |
| Net income growth, YoY | 214.7% | - | - | - |
| EPS growth, YoY | 217.0% | - | - | - |
| Gross margin | 19.8% | 17.4% | 14.5% | 11.7% |
| Operating margin | 3.6% | 1.3% | -2.8% | -9.7% |
| Net margin | 12.8% | 4.4% | -1.3% | -9.2% |
| Free cash flow margin | 9.7% | 4.9% | 1.3% | -2.1% |
| Return on equity | 43.7% | 14.7% | -5.2% | -23.6% |
| Return on assets | 7.8% | 3.0% | -0.9% | - |
| Current ratio | 0.98 | 1.08 | 0.94 | - |
| Debt to equity | 0.03 | - | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.64B | $11.10B | $9.34B | $10.96B | $9.97B | $9.11B | $8.03B | $10.56B | $8.91B | $8.20B | $7.26B | $10.04B |
| Cost of revenue | $9.54B | $8.74B | $7.56B | $8.63B | $8.07B | $7.27B | $6.56B | $8.44B | $7.80B | $6.50B | $6.11B | $8.34B |
| Gross profit | $3.11B | $2.36B | $1.78B | $2.32B | $1.90B | $1.85B | $1.47B | $2.12B | $1.11B | $1.70B | $1.15B | $1.70B |
| Research and development | $358.00M | $334.00M | $304.00M | $365.00M | $310.00M | $282.00M | $239.00M | $265.00M | $243.00M | $237.00M | $237.00M | $255.00M |
| Selling, general and admin | $1.35B | $1.37B | $1.30B | $1.35B | $1.22B | $1.19B | $1.19B | $1.27B | $1.23B | $938.00M | $1.20B | $1.25B |
| Operating income | $1.39B | $653.00M | $179.00M | $601.00M | $366.00M | $378.00M | $43.00M | $593.00M | -$359.00M | $527.00M | -$289.00M | $195.00M |
| Pre-tax income | $1.78B | $925.00M | $5.10B | $1.10B | $746.00M | $645.00M | $332.00M | $1.11B | -$122.00M | $1.60B | -$96.00M | $328.00M |
| Income tax | $493.00M | $276.00M | $354.00M | -$2.56B | $293.00M | $153.00M | $68.00M | $629.00M | -$23.00M | $322.00M | $10.00M | $122.00M |
| Net income | $1.29B | $668.00M | $4.75B | $3.66B | $452.00M | $514.00M | $254.00M | $484.00M | -$96.00M | $1.29B | -$130.00M | $197.00M |
| EPS, basic | $4.86 | $2.49 | $17.65 | $13.45 | $1.66 | $1.89 | $0.92 | $1.75 | -$0.35 | $4.72 | -$0.47 | - |
| EPS, diluted | $4.81 | $2.47 | $17.44 | $13.28 | $1.64 | $1.86 | $0.91 | $1.75 | -$0.35 | $4.65 | -$0.47 | - |
| Diluted shares | 268.0M | 270.0M | 272.0M | - | 275.0M | 276.0M | 279.0M | - | 275.0M | 278.0M | 274.0M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.76B | $13.12B | $10.17B | $8.85B | $7.95B | $7.89B | $8.11B | $8.21B | $7.39B | $5.78B | $3.25B | $1.55B |
| Receivables | $11.59B | $11.10B | $9.57B | $9.80B | $7.37B | $6.95B | $7.14B | $8.18B | - | - | - | - |
| Inventory | $13.04B | $12.69B | $11.92B | $10.43B | $10.03B | $9.82B | $9.16B | $8.59B | $9.38B | $9.35B | $8.86B | $8.25B |
| Current assets | $51.68B | $47.43B | $42.97B | $40.22B | $36.28B | $34.71B | $33.94B | $34.15B | $33.14B | $30.72B | $29.24B | $27.43B |
| Goodwill | $9.61B | $9.69B | $9.86B | $4.44B | $4.33B | $4.53B | $4.37B | $4.26B | $4.44B | $4.35B | $4.40B | $4.44B |
| Total assets | $86.22B | $80.80B | $75.61B | $63.02B | $54.40B | $53.08B | $51.56B | $51.48B | $50.85B | $48.05B | $47.87B | $46.12B |
| Current liabilities | $62.47B | $55.83B | $48.09B | $40.97B | $35.27B | $33.76B | $32.68B | $31.68B | $31.23B | $29.07B | $29.52B | $29.31B |
| Short-term debt | - | - | - | $63.00M | - | - | - | $60.00M | - | - | - | $145.00M |
| Long-term debt | $2.79B | $2.79B | $2.81B | $265.00M | - | - | - | - | - | - | - | - |
| Total debt | $2.79B | $2.79B | $2.81B | $328.00M | - | - | - | - | - | - | - | - |
| Total liabilities | $73.68B | $67.69B | $60.55B | $50.72B | $44.67B | $43.13B | $41.89B | $40.89B | $40.34B | $38.00B | $37.89B | $37.74B |
| Shareholders' equity | $11.38B | $13.12B | $15.06B | $11.18B | $9.73B | $9.95B | $9.67B | $10.59B | $10.52B | $10.05B | $9.98B | $8.38B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.06B | $5.49B | $5.19B | $2.48B | $980.00M | $367.00M | $1.16B | $921.00M | $1.13B | $979.00M | -$444.00M | $1.93B |
| Capital expenditures | $647.00M | $386.00M | $397.00M | $671.00M | $247.00M | $173.00M | $186.00M | $350.00M | $159.00M | $157.00M | $217.00M | $280.00M |
| Free cash flow | $5.41B | $5.11B | $4.79B | $1.81B | $733.00M | $194.00M | $975.00M | $571.00M | $968.00M | $822.00M | -$661.00M | $1.65B |
| Investing cash flow | -$667.00M | $229.00M | -$4.29B | -$374.00M | -$167.00M | -$121.00M | -$93.00M | -$175.00M | -$114.00M | $537.00M | -$285.00M | -$257.00M |
| Financing cash flow | -$1.78B | -$2.74B | $442.00M | -$1.18B | -$774.00M | -$604.00M | -$1.26B | $163.00M | $585.00M | $970.00M | $1.93B | -$1.06B |
| Dividends paid | $133.00M | $136.00M | $137.00M | $68.00M | $68.00M | $70.00M | $69.00M | $0 | $0 | $0 | $0 | - |
| Share repurchases | $1.63B | $2.39B | $1.28B | $1.07B | $660.00M | $480.00M | $1.10B | $3.00M | $40.00M | $0 | $0 | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 26.8% | 21.9% | 16.3% | 3.8% | 11.8% | 11.1% | 10.6% | 5.1% | 8.0% | 1.0% | 6.4% | - |
| Net income growth, YoY | 185.6% | 30.0% | 1768.1% | 657.0% | - | -60.3% | - | 145.7% | - | - | - | - |
| EPS growth, YoY | 193.3% | 32.8% | 1816.5% | 658.9% | - | -60.0% | - | - | - | - | - | - |
| Gross margin | 24.6% | 21.3% | 19.1% | 21.2% | 19.0% | 20.3% | 18.3% | 20.1% | 12.4% | 20.7% | 15.8% | 16.9% |
| Operating margin | 11.0% | 5.9% | 1.9% | 5.5% | 3.7% | 4.1% | 0.5% | 5.6% | -4.0% | 6.4% | -4.0% | 1.9% |
| Net margin | 10.2% | 6.0% | 50.8% | 33.4% | 4.5% | 5.6% | 3.2% | 4.6% | -1.1% | 15.8% | -1.8% | 2.0% |
| Free cash flow margin | 42.8% | 46.0% | 51.3% | 16.5% | 7.4% | 2.1% | 12.1% | 5.4% | 10.9% | 10.0% | -9.1% | 16.4% |
| Current ratio | 0.83 | 0.85 | 0.89 | 0.98 | 1.03 | 1.03 | 1.04 | 1.08 | 1.06 | 1.06 | 0.99 | 0.94 |
| Debt to equity | 0.25 | 0.21 | 0.19 | 0.03 | - | - | - | - | - | - | - | - |
Source: XBRL data GE Vernova Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| GEV | $44.04B | +16.9% | $10.37B | 23.5% | $204.89B |
| GE | $52.58B | +19.6% | $9.10B | 17.3% | $334.02B |
| SONY | ¥12.48T | +3.7% | -¥326.87B | -2.6% | $159.16B |
| EMR | $18.64B | +4.8% | $2.58B | 13.8% | $90.56B |
| SN | $7.26B | - | $844.85M | 11.6% | $31.42B |
| OTIS | $15.13B | +5.8% | $1.56B | 10.3% | $30.06B |
| AOS | $3.80B | -0.7% | $494.60M | 13.0% | $8.67B |
| KN | $666.10M | +16.1% | $71.70M | 10.8% | $2.65B |
| WHR | $14.56B | -6.4% | -$123.00M | -0.8% | $2.01B |