Friday 6 November 2026 Export GEV’s income statement to Excel — free account

GE Vernova Inc.

GEV Industrials Specialty Industrial Machinery

GE Vernova Inc.’s revenue for fiscal 2025 (year ended December 2025) was $38.1 billion, up 8.97% from fiscal 2024.

Revenue: +26.8%
EPS: +191.9%
Free cash flow: +640.0%

Quarter to September 2026, against a year earlier

775.58 57.25 −6.87%

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Market cap: $203.9B
P/E: 20.1×
Fwd P/E: 27.3×
Dividend yield: 0.26%
F-score: 7/9
Altman Z: 2.90
Beneish M: −2.29
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

GE Vernova Inc. (GEV) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Equipment	20,934	54.99%
Services	17,134	45.01%
Gross margin		19.79%
Operating margin		3.65%
Pre-tax margin		7.43%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022
Equipment	20,934 54.99%	18,952 54.25%	18,258 54.93%	15,819 53.35%
Services	17,134 45.01%	15,983 45.75%	14,981 45.07%	13,835 46.65%
Revenue	38,068	34,935	33,239	29,654

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022
Equipment	‡	‡	‡	‡
Services	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022
U.S.	17,341 45.55%	14,679 42.02%	12,467 37.51%	11,590 39.08%
Europe	7,594 19.95%	8,325 23.83%	8,417 25.32%	6,583 22.20%
Middle East and Africa	5,389 14.16%	4,194 12.01%	3,919 11.79%	3,449 11.63%
Asia	4,629 12.16%	4,698 13.45%	5,259 15.82%	4,942 16.67%
Americas	3,116 8.19%	3,038 8.70%	3,177 9.56%	3,090 10.42%
Non-U.S.	20,728	20,256	20,772	18,064
Revenue	38,068	34,935	33,239	29,654

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q3 FY2026	60.0%	—	—
Backlog growth	Q3 FY2026	$20.0B	$6.6B	+203.03%
Electrification orders	Q3 FY2026	$5.4B	$5.1B	+5.11%
Equipment backlog	Q3 FY2026	$42.2B	—	—
Orders	Q3 FY2026	$2.1B	$1.8B	+16.75%
Power orders	Q3 FY2026	$21.8B	$7.8B	+178.98%
Remaining performance obligations	Q3 FY2026	$196.7B	$135.3B	+45.43%
Total orders	Q1 FY2026	$18.3B	$10.2B	+79.41%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024
Backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Backlog growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Electrification orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equipment backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Power orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.