GE Vernova Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	38,068	34,935	33,239	29,654	33,006
Revenue Growth (YoY)	8.97%	5.10%	12.09%	-10.16%	-
Cost of Revenue	30,533	28,594	28,274	26,004	27,692
Gross Profit	7,535	6,341	4,965	3,650	5,314
Selling, General & Admin	4,490	4,207	3,976	4,222	4,684
Research & Development	1,197	982	896	979	1,008
Operating Expenses	5,687	5,189	4,872	5,201	5,692
Operating Income	1,848	1,152	93	-1,551	-378
Interest Expense	-	-10	-45	-54	-63
Interest & Investment Income	186	66	63	42	71
Earnings From Equity Investments	-	53	-64	60	-179
Other Non Operating Income (Expenses)	795	205	57	145	314
EBT Excluding Unusual Items	2,829	1,466	104	-1,358	-235
Merger & Restructuring Charges	-	-421	-443	-314	-506
Gain (Loss) on Sale of Investments	-	183	209	22	-
Gain (Loss) on Sale of Assets	-	964	-	-	-123
Asset Writedown	-	-	-	-824	-
Legal Settlements	-	306	-	-	-
Pretax Income	2,829	2,498	-130	-2,474	-864
Income Tax Expense	-2,051	939	344	248	-140
Earnings From Continuing Operations	4,880	1,559	-474	-2,722	-724
Minority Interest in Earnings	4	-7	36	-14	91
Net Income	4,884	1,552	-438	-2,736	-633
Net Income to Common	4,884	1,552	-438	-2,736	-633
Net Income Growth	214.69%	-	-	-	-
Shares Outstanding (Basic)	272	275	274	274	-
Shares Outstanding (Diluted)	276	278	274	274	-
Shares Change (YoY)	-0.72%	1.46%	-	-	-
EPS (Basic)	17.96	5.64	-1.60	-9.99	-
EPS (Diluted)	17.69	5.58	-1.60	-10.00	-
EPS Growth	217.02%	-	-	-	-
Free Cash Flow	3,710	1,700	442	-627	-2,237
Free Cash Flow Per Share	13.44	6.12	1.61	-2.29	-
Dividend Per Share	1.250	0.250	-	-	-
Dividend Growth	400.00%	-	-	-	-
Gross Margin	19.79%	18.15%	14.94%	12.31%	16.10%
Operating Margin	4.85%	3.30%	0.28%	-5.23%	-1.15%
Profit Margin	12.83%	4.44%	-1.32%	-9.23%	-1.92%
Free Cash Flow Margin	9.75%	4.87%	1.33%	-2.11%	-6.78%
EBITDA	2,701	2,216	1,057	-560	798
EBITDA Margin	7.09%	6.34%	3.18%	-1.89%	2.42%
D&A For EBITDA	853	1,064	964	991	1,176
EBIT	1,848	1,152	93	-1,551	-378
EBIT Margin	4.85%	3.30%	0.28%	-5.23%	-1.15%
Effective Tax Rate	-	37.59%	-	-	-
Revenue as Reported	38,068	34,935	33,239	29,654	33,006

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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