GE Vernova (GEV): financials, SEC filings and peers
GE Vernova (GEV) is a heavy electrical equipment company in the Industrials sector of the S&P 500, headquartered in Cambridge, Massachusetts.
It was founded in 2024 and joined the S&P 500 on April 2, 2024.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electronic & Other Electrical Equipment (No Computer Equip)”.
GE Vernova at a glance
- Revenue (12 months)
- $44.0B
- Revenue growth
- +16.9%
- Operating margin
- 6.4%
- Net income (12 months)
- $10.4B
- Free cash flow (12 months)
- $17.1B
- Cash
- $16.8B
- Debt
- $2.8B
- Diluted EPS (12 months)
- $38.00
Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, GE Vernova reported revenue of $44.0 billion, up 16.9% from a year earlier.
Its operating margin was 6.4%, up 2.8 percentage points from a year earlier: for every $100 of sales, about $6 was left as operating profit.
Net income was $10.4 billion (23.5% of revenue), 508.5% higher than a year earlier.
Operating cash flow was $19.2 billion and capital spending $2.1 billion, leaving free cash flow of $17.1 billion (38.9% of revenue).
At the end of the period it held $16.8 billion in cash and $2.8 billion in debt, a net cash position of $13.9 billion.
The diluted share count fell 2.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $29.7 billion in fiscal 2022 to $38.1 billion in fiscal 2025, about 8.7% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin widened from -9.7% to 3.6% over the same years.
- Free cash flow was negative in 1 of the last 4 fiscal years.
- GE Vernova reported a net loss in 2 of the last 4 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $29.7B | $33.2B | $34.9B | $38.1B |
| Revenue growth | — | 12.1% | 5.1% | 9.0% |
| Operating margin | -9.7% | -2.8% | 1.3% | 3.6% |
| Net income | −$2.7B | −$438M | $1.6B | $4.9B |
| Free cash flow | −$627M | $442M | $1.7B | $3.7B |
| Diluted EPS | $-10.00 | $-1.60 | $5.58 | $17.69 |
Fiscal years as reported in GE Vernova’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 28, 2026 — quarterly report
- 8-K filed October 28, 2026 — Earnings results
- 8-K filed August 27, 2026 — Executive or director change
- 10-Q filed July 22, 2026 — quarterly report
- 8-K filed July 22, 2026 — Earnings results
- 8-K filed May 22, 2026 — Shareholder vote results
- 10-Q filed April 22, 2026 — quarterly report
- 8-K filed April 22, 2026 — Earnings results
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Questions about GE Vernova
Is GE Vernova's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $44.0 billion, up 16.9% from a year earlier, according to its SEC filings.
Is GE Vernova profitable?
Yes. It earned $10.4 billion in net income over the twelve months to September 30, 2026, a net margin of 23.5%.
Does GE Vernova have more cash or more debt?
At September 30, 2026 it had $16.8 billion in cash and $2.8 billion in debt, so more cash than debt.
When did GE Vernova last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.
Which companies are similar to GE Vernova?
In the S&P 500, GE Vernova is grouped in Heavy Electrical Equipment within the Industrials sector. Generac (GNRC) are in the same group.
Understand the numbers
Source: GE Vernova’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.