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GE Vernova Inc (GEV) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for GEV. Market data source · as of 2026-06-30.

Section freshness

Price Jul 31, 4:00 PM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

GEV latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$11.10B

+21.9% YoY

Net income

$668.00M

-85.9% QoQ

Gross margin

21.25%

Gross profit $2.36B

Net margin

6.02%

Operating margin 5.88%

Balance sheet coverage

GEV balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

11 quarterly · 2 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

11 quarterly · 2 annual rows

Assets / liabilities

$80.80B

Liabilities $67.69B

Cash / debt

$13.12B

Net cash $10.27B

Equity / working capital

$11.96B

Working capital -$8.40B

Financial statements

GEV statement coverage.

Income statement, balance sheet, and cash-flow figures for GEV, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual GEV statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

GEV statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality14 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count11 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends14 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 14 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$11.10B	$2.36B	$653.00M	$668.00M	6.02%	+18.9%	-85.9%
Q1 FY2026	$9.34B	$1.78B	$179.00M	$4.75B	50.81%	-14.8%	+29.5%
Q4 FY2025	$10.96B	$2.32B	$601.00M	$3.66B	33.44%	+9.9%	+710.6%
Q3 FY2025	$9.97B	$1.90B	$366.00M	$452.00M	4.53%	+9.4%	-12.1%
Q2 FY2025	$9.11B	$1.85B	$378.00M	$514.00M	5.64%	+13.4%	+102.4%
Q1 FY2025	$8.03B	$1.47B	$43.00M	$254.00M	3.16%	-23.9%	-47.5%
Q4 FY2024	$10.56B	$2.12B	$592.00M	$484.00M	4.58%	+18.5%	+604.2%
Q3 FY2024	$8.91B	$1.11B	-$359.00M	-$96.00M	-1.08%	+8.6%	-107.4%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 11 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q2 FY2026	$13.12B	$47.43B	$55.83B	$80.80B	$67.69B	$2.85B	$11.96B	-0.3%
Q1 FY2026	$10.17B	$42.97B	$48.09B	$75.61B	$60.55B	$2.86B	$13.92B	+888.6%
Q4 FY2025	$8.85B	$40.22B	$40.97B	$63.02B	$50.72B	$289.00M	$11.18B
Q3 FY2025	$7.95B	$36.28B	$35.27B	$54.40B	$44.67B		$8.65B
Q2 FY2025	$7.89B	$34.71B	$33.76B	$53.08B	$43.13B		$8.88B
Q1 FY2025	$8.11B	$33.94B	$32.68B	$51.56B	$41.89B		$8.61B
Q4 FY2024	$8.21B	$34.15B	$31.68B	$51.48B	$40.89B		$9.55B
Q3 FY2024	$7.39B	$33.14B	$31.23B	$50.85B	$40.34B		$9.50B

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 14 Quarterly

Period	Operating cash flow	Net income	Dividends paid	Buybacks
Q2 FY2026	$5.49B	$668.00M	$136.00M	$2.39B
Q1 FY2026	$5.19B	$4.75B	$137.00M	$1.28B
Q4 FY2025	$2.48B	$3.66B	$68.00M	$1.07B
Q3 FY2025	$980.00M	$452.00M	$68.00M	$660.00M
Q2 FY2025	$367.00M	$514.00M	$70.00M	$480.00M
Q1 FY2025	$1.16B	$254.00M	$69.00M	$1.10B
Q4 FY2024	$921.00M	$484.00M	—	$3.00M
Q3 FY2024	$1.13B	-$96.00M	—	$40.00M

Valuation and returns

Enterprise value: $253.48B; TECHi computed

Return on equity: 79.69%; Market data source

Return on assets: 11.79%; Market data source

Debt / equity: 0.24; Current ratio 0.85

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $38.07B; Annual statement 2025-12-31

Annual income base: $4.88B; Annual statement 2025-12-31

Market cap / annual revenue: 6.93; Live market value divided by annual revenue

Market cap / annual income: 54.00; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue6.66

EV / annual operating income182.62

Market capitalization bridge

Market cap / annual revenue6.93

Market cap / annual income54.00

TTM valuation multiples

TTM revenue: $41.37B; Trailing twelve months

TTM EBIT: $1.80B; TTM operating income

Market cap / TTM revenue: 6.38; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 6.13; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income27.68

EV / TTM EBIT140.90

Revenue, net income, and free cash flow

Revenue$11.10BNet income$668.00M

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+21.9%

Quarterly margin heatmap

Gross margin

Q1 FY2025

18.30%

Q2 FY2025

20.26%

Q3 FY2025

19.03%

Q4 FY2025

21.19%

Q1 FY2026

19.07%

Q2 FY2026

21.25%

Operating margin

Q1 FY2025

0.54%

Q2 FY2025

4.15%

Q3 FY2025

3.67%

Q4 FY2025

5.49%

Q1 FY2026

1.92%

Q2 FY2026

5.88%

Net margin

Q1 FY2025

3.16%

Q2 FY2025

5.64%

Q3 FY2025

4.53%

Q4 FY2025

33.44%

Q1 FY2026

50.81%

Q2 FY2026

6.02%

Latest quarter expense mix

Cost of revenue$8.74B

R&D$334.00M

SG&A$1.37B

Profit bridge

EBIT$653.00M

Pretax income$925.00M

Tax expense$276.00M

Other income statement lines

Income before tax$925.00M

Income tax expense$276.00M

Balance sheet · Q2 FY2026

Cash & equivalents: $13.12B

Total debt: $2.85B

Net cash: $10.27B; Net cash position

Total equity: $11.96B

Balance sheet detail

Current assets: $47.43B

Current liabilities: $55.83B

Inventory: $12.69B

Current debt: $55.00M

Long-term debt: $2.79B

Debt and liquidity

Debt / revenuei0.07

Debt / income0.30

Cash / debt4.61

Quick ratioi0.23

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $5.49B

Capital returned: $2.53B; Buybacks + dividends paid

Cash-flow detail

Investing cash flow: $229.00M

Financing cash flow: -$2.74B

Buybacks: $2.39B

Net buybacks: $2.39B; Repurchases less stock issuance

Dividends paid: $136.00M

Frequently asked

Common questions.

What financial data is available for GEV?

The GEV Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for GE Vernova Inc. Missing modules and empty line items are omitted.

How current are GEV's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is GE Vernova Inc's reported net margin?

GE Vernova Inc's fresh reported margin field is 23.03%. The Financials page shows the supporting period data currently available for GEV.