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	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	36,615	34,935	33,239	29,654	33,006
Revenue Growth (YoY)	8.45%	5.10%	12.09%	-10.16%	-
Cost of Revenue	29,853	28,594	28,274	26,004	27,692
Gross Profit	6,762	6,341	4,965	3,650	5,314
Selling, General & Admin	4,537	4,207	3,976	4,222	4,684
Research & Development	1,029	982	896	979	1,008
Operating Expenses	5,566	5,189	4,872	5,201	5,692
Operating Income	1,196	1,152	93	-1,551	-378
Interest Expense	-10	-10	-45	-54	-63
Interest & Investment Income	123	66	63	42	71
Earnings From Equity Investments	135	53	-64	60	-179
Other Non Operating Income (Expenses)	222	205	57	145	314
EBT Excluding Unusual Items	1,666	1,466	104	-1,358	-235
Merger & Restructuring Charges	-322	-421	-443	-314	-506
Gain (Loss) on Sale of Investments	207	183	209	22	-
Gain (Loss) on Sale of Assets	111	964	-	-	-123
Asset Writedown	-	-	-	-824	-
Legal Settlements	306	306	-	-	-
Pretax Income	1,968	2,498	-130	-2,474	-864
Income Tax Expense	827	939	344	248	-140
Earnings From Continuing Operations	1,141	1,559	-474	-2,722	-724
Minority Interest in Earnings	15	-7	36	-14	91
Net Income	1,156	1,552	-438	-2,736	-633
Net Income to Common	1,156	1,552	-438	-2,736	-633
Shares Outstanding (Basic)	275	275	274	274	-
Shares Outstanding (Diluted)	279	278	274	274	-
Shares Change (YoY)	1.46%	1.46%	-	-	-
EPS (Basic)	4.20	5.64	-1.60	-9.99	-
EPS (Diluted)	4.15	5.58	-1.60	-10.00	-
Free Cash Flow	2,708	1,700	442	-627	-2,237
Free Cash Flow Per Share	9.71	6.12	1.61	-2.29	-
Dividend Per Share	0.750	0.250	-	-	-
Gross Margin	18.47%	18.15%	14.94%	12.31%	16.10%
Operating Margin	3.27%	3.30%	0.28%	-5.23%	-1.15%
Profit Margin	3.16%	4.44%	-1.32%	-9.23%	-1.92%
Free Cash Flow Margin	7.40%	4.87%	1.33%	-2.11%	-6.78%
EBITDA	2,165	2,216	1,057	-560	798
EBITDA Margin	5.91%	6.34%	3.18%	-1.89%	2.42%
D&A For EBITDA	969	1,064	964	991	1,176
EBIT	1,196	1,152	93	-1,551	-378
EBIT Margin	3.27%	3.30%	0.28%	-5.23%	-1.15%
Effective Tax Rate	42.02%	37.59%	-	-	-
Revenue as Reported	36,615	34,935	33,239	29,654	33,006

Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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