GE Vernova Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	36,614	34,935	33,239	29,654
Revenue Growth (YoY)	8.45%	5.10%	12.09%	-
Cost of Revenue	30,066	28,850	28,421	26,196
Gross Profit	6,548	6,085	4,818	3,458
Selling, General & Admin	4,865	4,632	4,845	5,360
Research & Development	1,029	982	896	979
Operating Income	655	471	-923	-2,881
Total Non-Operating Income (Expense)	972	1,788	989	709
Pretax Income	1,969	2,498	-130	-2,474
Provision for Income Taxes	827	939	344	248
Net Income	1,156	1,552	-438	-2,736
Minority Interest in Earnings	-	7	-36	14
Net Income to Common	1,156	1,552	-438	-2,736
Net Income Growth	-2.94%	-	-	-
Shares Outstanding (Basic)	275	275	274	274
Shares Outstanding (Diluted)	278	278	274	274
Shares Change (YoY)	1.00%	1.46%	-	-
EPS (Basic)	4.21	5.65	-1.60	-10.00
EPS (Diluted)	4.15	5.58	-1.60	-10.00
EPS Growth	-3.04%	-	-	-
Free Cash Flow	2,708	1,700	442	-627
Free Cash Flow Growth	59.29%	284.62%	-	-
Free Cash Flow Per Share	9.75	6.12	1.61	-2.29
Dividends Per Share	0.750	0.250	-	-
Dividend Growth	200.00%	-	-	-
Gross Margin	17.88%	17.42%	14.50%	11.66%
Operating Margin	1.79%	1.35%	-2.78%	-9.72%
Profit Margin	3.12%	4.46%	-1.43%	-9.18%
FCF Margin	7.40%	4.87%	1.33%	-2.11%
EBITDA	1,732	1,643	41	-1,084
EBITDA Margin	4.73%	4.70%	0.12%	-3.66%
EBIT	655	471	-923	-2,881
EBIT Margin	1.79%	1.35%	-2.78%	-9.72%
Effective Tax Rate	42.00%	37.59%	-264.62%	-10.02%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.