GE Vernova Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	39,375	38,068	34,935	33,239	29,654	33,006
Revenue Growth (YoY)	10.27%	8.97%	5.10%	12.09%	-10.16%	-
Cost of Revenue	31,527	30,533	28,850	28,421	26,196	28,061
Gross Profit	7,846	7,535	6,085	4,818	3,458	4,945
Selling, General & Admin	5,059	4,949	4,632	4,845	5,360	4,821
Research & Development	1,261	1,197	982	896	979	1,008
Total Operating Expenses	6,320	6,146	5,614	5,741	6,339	5,829
Operating Income	1,524	1,388	471	-923	-2,881	-884
Interest Income	159	186	120	-98	-151	-172
Other Non-Operating Income (Expense)	5,916	1,254	1,908	891	558	192
Total Non-Operating Income (Expense)	6,075	1,440	2,028	793	407	20
Pretax Income	7,599	2,828	2,498	-130	-2,474	-864
Provision for Income Taxes	-1,765	-2,051	939	344	248	-140
Net Income	9,375	4,884	1,552	-438	-2,736	-633
Minority Interest in Earnings	-10	-4	7	-36	14	-91
Net Income to Common	9,375	4,884	1,552	-438	-2,736	-633
Net Income Growth	384.25%	214.69%	-	-	-	-
Shares Outstanding (Basic)	271	272	275	274	274	-
Shares Outstanding (Diluted)	274	276	278	274	274	-
Shares Change (YoY)	-1.35%	-0.72%	1.46%	-	-	-
EPS (Basic)	34.76	17.92	5.65	-1.60	-10.00	-
EPS (Diluted)	34.33	17.69	5.58	-1.60	-10.00	-
EPS Growth	394.67%	217.02%	-	-	-	-
Shares Outstanding	268.72	269.53	275.88	-	-	-
Free Cash Flow	7,526	3,710	1,700	442	-627	-2,237
Free Cash Flow Growth	102.86%	118.23%	284.62%	-	-	-
Free Cash Flow Per Share	27.44	13.44	6.12	1.61	-2.29	-
Dividends Per Share	1.500	1.250	0.250	-	-	-
Dividend Growth	20.00%	400.00%	-	-	-	-
Gross Margin	19.93%	19.79%	17.42%	14.49%	11.66%	14.98%
Operating Margin	3.87%	3.65%	1.35%	-2.78%	-9.72%	-2.68%
Profit Margin	23.78%	12.82%	4.46%	-1.43%	-9.18%	-2.19%
FCF Margin	19.11%	9.75%	4.87%	1.33%	-2.11%	-6.78%
EBITDA	2,514	2,241	1,643	41	-1,084	292
EBITDA Margin	6.38%	5.89%	4.70%	0.12%	-3.66%	0.88%
EBIT	1,524	1,388	471	-923	-2,881	-884
EBIT Margin	3.87%	3.65%	1.35%	-2.78%	-9.72%	-2.68%
Effective Tax Rate	-23.23%	-72.52%	37.59%	-264.62%	-10.02%	16.20%

Updated Apr 22, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q