GE Vernova Inc. (GEV) — Financial statements
Income statement, balance sheet, and cash flow for GE Vernova Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 38,068↑8.9% | 34,943↑5.1% | 33,239↑12.1% | 29,654↓10.2% | 33,006 | |
| Cost of Revenue | 30,533↑6.6% | 28,634↑0.7% | 28,421↑8.5% | 26,196↓6.6% | 28,061 | |
| Gross Profit | 7,535↑19.4% | 6,309↑30.9% | 4,818↑39.3% | 3,458↓30.1% | 4,945 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,197↑21.9% | 982↑9.6% | 896↓8.5% | 979↓2.9% | 1,008 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 4,949↑9.0% | 4,540↓6.3% | 4,845↓9.6% | 5,360↑11.2% | 4,821 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 6,146↑11.3% | 5,522↓3.8% | 5,741↓9.4% | 6,339↑8.7% | 5,829 | |
| Total Costs & Expenses | 36,679↑7.4% | 34,156↓0.0% | 34,162↑5.0% | 32,535↓4.0% | 33,890 | |
| Operating Results | ||||||
| Operating Income | 1,388↑76.4% | 787↑185.3% | -923↑68.0% | -2,881↓225.9% | -884 | |
| Depreciation & Amortization | 853↓19.8% | 1,064↑10.4% | 964↓46.4% | 1,797↑52.8% | 1,176 | |
| EBITDA | 3,681↑3.3% | 3,562↑282.2% | 932↑277.2% | -526↓208.7% | 484 | |
| EBIT | 2,828↑13.2% | 2,498↑7906.3% | -32↑98.6% | -2,323↓235.7% | -692 | |
| Interest & Other Income | ||||||
| Net Interest Income | 186↑0.0% | 186↑631.4% | -35↑67.9% | -109↓7.9% | -101 | |
| Interest Income | 186↑0.0% | 186↑195.2% | 63↑50.0% | 42↓40.8% | 71 | |
| Interest Expense | 0.00 | 0.00↓100.0% | 98↓35.1% | 151↓12.2% | 172 | |
| Non-Operating Income | -1,440↑15.8% | -1,711↓92.0% | -891↓59.7% | -558↓190.6% | -192 | |
| Other Income / Expenses | 1,440↓15.8% | 1,711↑115.8% | 793↑94.8% | 407↑1935.0% | 20 | |
| Income Before Tax | 2,828↑13.2% | 2,498↑2021.5% | -130↑94.7% | -2,474↓186.3% | -864 | |
| Income Tax Expense | -2,051↓318.4% | 939↑173.0% | 344↑38.7% | 248↑277.1% | -140 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,879↑213.0% | 1,559↑428.9% | -474↑82.6% | -2,722↓276.0% | -724 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,884↑214.7% | 1,552↑454.3% | -438↑84.0% | -2,736↓332.2% | -633 | |
| Bottom-Line Net Income | 4,884↑214.7% | 1,552↑454.3% | -438↑84.0% | -2,736↓332.2% | -633 | |
| EPS (Basic) | 17.92↑217.7% | 5.64↑450.3% | -1.61↑84.0% | -10.06↓331.8% | -2.33 | |
| EPS (Diluted) | 17.69↑217.0% | 5.58↑446.6% | -1.61↑84.0% | -10.06↓331.8% | -2.33 | |
| Weighted Average Shares | 272↓1.1% | 275↑1.1% | 272↑0.0% | 272↑0.0% | 272 | |
| Weighted Average Diluted Shares | 276↓0.7% | 278↑2.2% | 272↑0.0% | 272↑0.0% | 272 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.