GEV logo GE Vernova +
Ticker
GEV
CEG
Headquarter
Cambridge ,MA
US
Baltimore ,MD
US
CEO
Scott L. Strazik
Joseph Dominguez
Industry
Renewable Utilities
Renewable Utilities
Stock Price
Stock Price
Market Cap
Market Cap
$236.84 B
$87.21 B
Employees
Years
  • 2026
  • 2024
  • 2025
  • 2026
Employees
  • 75.00 K
  • 13.87 K
  • 14.26 K
  • 2.50 K
Y/Y
0%
3.75%
2.83%
82.47%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $33.24 B
  • $34.94 B
  • $38.07 B
  • $24.92 B
  • $23.57 B
  • $25.53 B
Y/Y
12.09%
5.1%
8.97%
1.96%
5.42%
8.34%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • $896.00 M
  • $982.00 M
  • $1.20 B
  • -
  • -
  • -
Y/Y
8.48%
9.6%
21.89%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • -$923.00 M
  • $471.00 M
  • $1.39 B
  • $1.61 B
  • $4.35 B
  • $3.09 B
Y/Y
67.96%
151.03%
194.69%
225.25%
170.31%
29.09%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • -264.62%
  • 37.59%
  • -72.52%
  • 35.26%
  • 17.15%
  • 33.81%
Y/Y
2539.75%
114.21%
292.94%
49.56%
51.35%
97.08%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • -$438.00 M
  • $1.55 B
  • $4.88 B
  • $1.62 B
  • $3.75 B
  • $2.32 B
Y/Y
83.99%
454.34%
214.69%
1114.38%
130.99%
38.14%
Revenue Per Employee
Years
  • 2026
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • -
  • $1.70 M
  • $1.79 M
  • -
Y/Y
100%
8.83%
5.35%
100%
Net Income Per Employee
Years
  • 2026
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • -
  • $270.28 K
  • $162.58 K
  • -
Y/Y
100%
122.65%
39.85%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $46.12 B
  • $51.49 B
  • $63.02 B
  • $50.76 B
  • $52.93 B
  • $57.25 B
Y/Y
3.71%
11.63%
22.4%
8.21%
4.27%
8.17%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $37.74 B
  • $40.89 B
  • $50.72 B
  • $39.47 B
  • $39.39 B
  • $42.40 B
Y/Y
14.84%
8.35%
24.04%
11.07%
0.22%
7.64%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$744.00 M
  • -$883.00 M
  • -$1.28 B
  • -$2.42 B
  • -$2.57 B
  • -$2.95 B
Y/Y
45.03%
18.68%
44.62%
43.4%
5.9%
14.97%

Profitability

Operating Income Margin (%)

No data found

Years
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • -2.78%
  • 2.25%
  • 3.65%
Y/Y
71.42%
181.11%
61.89%
Net Income Margin (%)

No data found

Years
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • -1.32%
  • 4.44%
  • 12.83%
Y/Y
85.72%
437.06%
188.86%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $932.00 M
  • $1.64 B
  • $3.68 B
  • $4.22 B
  • $6.97 B
  • $5.01 B
Y/Y
277.19%
76.29%
124.04%
44.54%
65.16%
28.19%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $442.00 M
  • $1.70 B
  • $3.71 B
  • -$7.72 B
  • -$5.03 B
  • $1.29 B
Y/Y
170.49%
284.62%
118.29%
91.07%
34.88%
125.61%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • -5.91%
  • 16.26%
  • 43.69%
  • 14.86%
  • 28.47%
  • 15.97%
Y/Y
77.01%
375.27%
168.75%
1123.01%
91.67%
43.9%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • -0.95%
  • 3.01%
  • 7.75%
  • 3.20%
  • 7.08%
  • 4.05%
Y/Y
84.56%
417.42%
157.11%
1037.45%
121.53%
42.81%
Debt to Equity

No data found

Years
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 23.04%
  • 17.00%
  • 0.00%
Y/Y
48.2%
26.22%
100%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $35.34 B
  • $83.31 B
  • $168.92 B
  • $46.65 B
  • $75.86 B
  • $115.82 B
Y/Y
1.53%
135.72%
102.76%
38.74%
62.62%
52.68%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 1.06
  • 2.38
  • 4.44
  • 1.87
  • 3.22
  • 4.54
Y/Y
9.42%
124.27%
86.07%
36.08%
71.93%
40.93%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 37.92
  • 50.71
  • 45.89
  • 11.05
  • 10.88
  • 23.13
Y/Y
157.3%
33.71%
9.5%
4.01%
1.54%
112.62%