GE Vernova Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $38.1B | $34.9B | $33.2B | $29.7B | — |
| Cost of revenue | $30.5B | $28.9B | $28.4B | $26.2B | — |
| Gross profit | $7.5B | $6.1B | $4.8B | $3.5B | — |
| Selling, general & administrative | $4.9B | $4.6B | $4.8B | $5.4B | — |
| Research and development | $1.2B | $982.0M | $896.0M | $979.0M | — |
| Operating income | $1.4B | $471.0M | -$923.0M | -$2.9B | — |
| Pretax income | $2.8B | $2.5B | -$130.0M | -$2.5B | — |
| Income tax expense | -$2.1B | $939.0M | $344.0M | $248.0M | — |
| Net income | $4.9B | $1.6B | -$438.0M | -$2.7B | — |
| Balance Sheet | |||||
| Current assets | $40.2B | $34.2B | $27.4B | — | — |
| Total assets | $63.0B | $51.5B | $46.1B | — | — |
| Current liabilities | $41.0B | $31.7B | $29.3B | — | — |
| Total liabilities | $50.7B | $40.9B | $37.7B | — | — |
| Stockholders' equity | $11.2B | $9.5B | $7.4B | $11.6B | $13.7B |
| Cash Flow Statement | |||||
| Cash from operations | $5.0B | $2.6B | $1.2B | -$114.0M | — |
| Depreciation and amortization | $615.0M | $895.0M | $724.0M | $779.0M | — |
| Stock-based compensation | $257.0M | $155.0M | — | — | — |
| Capital expenditure | $1.3B | $883.0M | $744.0M | $513.0M | — |
| Free cash flow | $3.7B | $1.7B | $442.0M | -$627.0M | — |
| Dividends paid | $275.0M | $0 | $0 | — | — |
| Share repurchases | $3.3B | $43.0M | $0 | — | — |
Shares outstanding 268.7M · Free float 99.9%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.