GEV — GE Vernova Inc.Industrials · Specialty Industrial MachineryNYSE

$279.5B

Mkt Cap

$271.8B

Ent. Value

$7.7B

Net Cash

$1040.15

52W $387 – $1182

$279.5B

Mkt Cap

$271.8B

Ent. Value

$7.7B

Net Cash

31.4×

P/E TTM

—

PEG

37.1×

P/FCF

25.0×

P/Book

7.1×

P/Sales

121.2×

EV/EBITDA

195.7×

EV/EBIT

73.3×

EV/FCF

7.1×

EV/Sales

3.2%

Earn Yld

2.6%

FCF Yld

0.1%

Div Yld

$1040.15

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	38.07B	34.94B	33.24B	29.65B
YoY Growth	+9.0%	+5.1%	+12.1%	—
Gross Profit	7.54B	6.08B	4.82B	3.46B
Gross Margin	19.8%	17.4%	14.5%	11.7%
R&D	1.20B	982.00M	896.00M	979.00M
SG&A	4.95B	4.63B	4.84B	5.36B
EBIT	1.39B	471.00M	(923.00M)	(2.88B)
EBIT Margin	3.6%	1.3%	-2.8%	-9.7%
D&A	853.00M	1.17B	964.00M	1.80B
EBITDA	2.24B	1.64B	932.00M	(526.00M)
EBITDA Margin	5.9%	4.7%	2.8%	-1.8%
Net Income	4.88B	1.55B	(438.00M)	(2.74B)
Net Margin	12.8%	4.4%	-1.3%	-9.2%
EPS (diluted)	$17.69	$5.58	-$1.60	-$10.06
Shares (dil., M)	276	278	274	272

Company Brief

GE Vernova Inc., an energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa. The company operates through three segments: Power, Wind, and Electrification. The Power segment designs, manufactures, and services gas, nuclear, hydro, and steam technologies. It serves industrial, government, and other customers. The Wind segment offers wind generation technologies, including onshore and offshore wind turbines and blades. The Electrification segment provides grid solutions; power conversion; electrification software; and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The company was incorporated in 2023 and is headquartered in Cambridge, Massachusetts.

CEOMr. Scott L. StrazikEmployees78,000IPO Date2024-03-27CountryUnited StatesWebsitewww.gevernova.com

Margins (TTM)

Gross Margin	19.9%
EBITDA Margin	6.4%
EBIT Margin	3.9%
Net Margin	23.8%
FCF Margin	19.1%

Returns on Capital

ROIC	12.3%
ROCE	6.9%
ROE	83.9%
ROA	14.9%
Asset Turnover	0.62×

Earnings Quality

FCF / Net Income	76.0%
SBC / Net Income	—
SBC / Revenue	—
Capex / D&A	1.50×

Growth (CAGR)

Metric	3yr
Revenue	8.7%
EPS	217.0%
FCF	189.7%
Dividend	—

Ownership

Float	99.8%
Shares Out.	268.7M
Insiders %	0.1%
Institutions %	80.8%
Institutions (of float)	80.9%
Institution holders	3,720
Insider net buy 6M	+3.8%

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Balance Sheet

Cash & ST Invest.	$9.3B
Total Debt	$1.2B
Net Cash / (Debt)	$7.7B
Total Assets	$63.0B
Total Equity	$11.2B
Goodwill & Intang.	$5.2B
Tangible Book Value	$6.0B
NCAV (Graham)	-$11.6B
Tangible Book/sh	$22.38
NCAV/sh	-$43.25

Leverage

D/E Ratio	0.10×
Net Debt / EBITDA	-3.05×
Interest Coverage	—
Current Ratio	0.98×
Quick Ratio	0.75×

Capital Allocation (last FY)

Capex	$1.3B
Capex / Revenue	3.4%
SBC	—
Dividends Paid	$275.0M
Buybacks	$3.3B

Dividends

Annual DPS	$1.50
Yield (fwd)	0.14%
Payout Ratio	5.1%
Ex-div Date	2026-03-17

Valuation vs History

P/E vs 4Y	31.4×vs 58.9× median
Div yield vs 10Y	14.0%vs 0.0% median

Buyback History

FY 2025$3.3B-2.2%

FY 2024$43.0M+0.6%

FY 2023—0.0%

FY 2022——

Margins (TTM)

Gross Margin	19.9%
EBITDA Margin	6.4%
EBIT Margin	3.9%
Net Margin	23.8%
FCF Margin	19.1%

Returns on Capital

ROIC	12.3%
ROCE	6.9%
ROE	83.9%
ROA	14.9%
Asset Turnover	0.62×

Earnings Quality

FCF / Net Income	76.0%
SBC / Net Income	—
SBC / Revenue	—
Capex / D&A	1.50×

Growth (CAGR)

Metric	3yr
Revenue	8.7%
EPS	217.0%
FCF	189.7%
Dividend	—

Ownership

Float	99.8%
Shares Out.	268.7M
Insiders %	0.1%
Institutions %	80.8%
Institutions (of float)	80.9%
Institution holders	3,720
Insider net buy 6M	+3.8%

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$1040.15

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	38.07B	34.94B	33.24B	29.65B
YoY Growth	+9.0%	+5.1%	+12.1%	—
Gross Profit	7.54B	6.08B	4.82B	3.46B
Gross Margin	19.8%	17.4%	14.5%	11.7%
R&D	1.20B	982.00M	896.00M	979.00M
SG&A	4.95B	4.63B	4.84B	5.36B
EBIT	1.39B	471.00M	(923.00M)	(2.88B)
EBIT Margin	3.6%	1.3%	-2.8%	-9.7%
D&A	853.00M	1.17B	964.00M	1.80B
EBITDA	2.24B	1.64B	932.00M	(526.00M)
EBITDA Margin	5.9%	4.7%	2.8%	-1.8%
Net Income	4.88B	1.55B	(438.00M)	(2.74B)
Net Margin	12.8%	4.4%	-1.3%	-9.2%
EPS (diluted)	$17.69	$5.58	-$1.60	-$10.06
Shares (dil., M)	276	278	274	272

Company Brief

CEOMr. Scott L. StrazikEmployees78,000IPO Date2024-03-27CountryUnited StatesWebsitewww.gevernova.com

Balance Sheet

Cash & ST Invest.	$9.3B
Total Debt	$1.2B
Net Cash / (Debt)	$7.7B
Total Assets	$63.0B
Total Equity	$11.2B
Goodwill & Intang.	$5.2B
Tangible Book Value	$6.0B
NCAV (Graham)	-$11.6B
Tangible Book/sh	$22.38
NCAV/sh	-$43.25

Leverage

D/E Ratio	0.10×
Net Debt / EBITDA	-3.05×
Interest Coverage	—
Current Ratio	0.98×
Quick Ratio	0.75×

Capital Allocation (last FY)

Capex	$1.3B
Capex / Revenue	3.4%
SBC	—
Dividends Paid	$275.0M
Buybacks	$3.3B

Dividends

Annual DPS	$1.50
Yield (fwd)	0.14%
Payout Ratio	5.1%
Ex-div Date	2026-03-17

Valuation vs History

P/E vs 4Y	31.4×vs 58.9× median
Div yield vs 10Y	14.0%vs 0.0% median

Buyback History

FY 2025$3.3B-2.2%

FY 2024$43.0M+0.6%

FY 2023—0.0%

FY 2022——

Not investment adviceUpdated 4/17/2026