GE Vernova Inc.

GEV 10-K · FY 2025

GEV FY 2025 request

Playground key active
Request URL /api/financials?ticker=GEV&year=2025&quarter=4&full_year_mode=true
waiting 0 ms
Pick an endpoint and run the request.
curl

Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 38,068 34,935 +9.0%
Show Product Lines breakouts
Product 20,934 18,952 +10.5%
Product · Electrification 7,290 5,412 +34.7%
Product · Operating Segments 20,934 18,939 +10.5%
Product · Power 6,420 5,509 +16.5%
Product · Wind 7,224 8,018 -9.9%
Service 17,134 15,983 +7.2%
Service · Electrification 2,168 1,923 +12.7%
Service · Operating Segments 17,098 15,955 +7.2%
Service · Power 13,072 12,391 +5.5%
Service · Wind 1,858 1,642 +13.2%
Show Business Segments breakouts
Electrification · Electrification Software 973 917 +6.1%
Electrification · Grid Solutions 6,620 4,957 +33.5%
Electrification · Intersegment Elimination 183 215 -14.9%
Electrification · Operating segments, inclusive of intersegment sales 9,642 7,550 +27.7%
Electrification · Power Conversion & Storage 2,049 1,676 +22.3%
Power · Gas Power 16,006 14,465 +10.7%
Power · Hydro Power 806 781 +3.2%
Power · Intersegment Elimination 276 227 +21.6%
Power · Nuclear Power 1,018 819 +24.3%
Power · Operating segments, inclusive of intersegment sales 19,767 18,127 +9.0%
Power · Steam Power 1,937 2,063 -6.1%
Wind · Intersegment Elimination 28 41 -31.7%
Wind · LM Wind Power 217 542 -60.0%
Wind · Offshore Wind 652 1,377 -52.7%
Wind · Onshore Wind 8,241 7,781 +5.9%
Wind · Operating segments, inclusive of intersegment sales 9,110 9,701 -6.1%
Show Geography breakouts
Americas 3,116 3,038 +2.6%
Asia 4,629 4,698 -1.5%
Europe 7,594 8,325 -8.8%
Middle East and Africa 5,389 4,194 +28.5%
Non Us 20,728 20,256 +2.3%
US 17,341 14,679 +18.1%
Show Consolidation Items breakouts
Intersegment Elimination 487 483 +0.8%
Operating segments, inclusive of intersegment sales 38,519 35,377 +8.9%
Other revenues and elimination of intersegment revenues -451 -442 -2.0%
Revenue (FY)
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 7,204 9,811 -26.6%
Cost of Revenue 30,533 28,850 +5.8%
Show Product Lines breakouts
Product 18,759 17,989 +4.3%
Service 11,774 10,861 +8.4%
Gross Profit 7,535 6,085 +23.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 2,606 2,010 +29.7%
Research & Development 1,197 982 +21.9%
Selling, General & Administrative 4,949 4,632 +6.8%
Operating Income 1,388 471 +194.7%
Other Non-Operating Income (Expense) 795 1,372 -42.1%
Income Before Taxes 2,828 2,498 +13.2%
Income Tax Expense (Benefit) -2,051 939 -318.4%
Show Consolidation Items breakouts
Corporate Non Segment · Financial Services 11 -56 +119.6%
Material Reconciling Items -2,062 995 -307.2%
Net Income 4,879 1,559 +213.0%
Show Equity Components breakouts
Noncontrolling Interest -4 7 -157.1%
Retained Earnings 4,884
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 554 610 -9.2%
Net Income 4,884 1,552 +214.7%
Comprehensive Income 5,235 428 +1123.1%
EPS (Basic) 17.92 5.65 +217.2%
EPS (Diluted) 17.69 5.58 +217.0%
Wtd Avg Shares (Basic) 272 275 -1.1%
Wtd Avg Shares (Diluted) 276 278 -0.7%
Net Income Loss Attributable To Noncontrolling Interest 4 -7 +157.1%
Income Loss From Equity Method Investments 269 53 +407.5%
Show Business Segments breakouts
Electrification · Operating Segments 191 123 +55.3%
Power · Operating Segments 33 -11 +400.0%
Show Consolidation Items breakouts
Corporate Non Segment 45 -64 +170.3%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Aero Alliance 27 29 -6.9%
China XD Electric 15 23 -34.8%
Hitachi-GE Nuclear Energy 12 -12 +200.0%
Other Investees 35 -92 +138.0%
Prolec GE 180 105 +71.4%
Foreign Currency Transaction Gain Loss Before Tax -170 20 -950.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Receivables Net Current 9,803 8,177 +19.9%
Inventory 10,429 8,587 +21.5%
Contract With Customer Asset Net Current 9,294 8,621 +7.8%
Show Product Lines breakouts
Product 3,877 3,300 +17.5%
Product · Electrification 1,368 1,139 +20.1%
Product · Power 1,521 1,622 -6.2%
Product · Wind 988 538 +83.6%
Service 5,417 5,321 +1.8%
Service · Power 5,417 5,321 +1.8%
Show Business Segments breakouts
Electrification 1,368 1,139 +20.1%
Power 6,938 6,944 -0.1%
Wind 988 538 +83.6%
Other Assets Current 1,445 564 +156.2%
Assets Of Disposal Group Including Discontinued Operation Current 396
Total Current Assets 40,216 34,153 +17.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 7,326 10,647 -31.2%
Non-Current Assets
Goodwill 4,439 4,263 +4.1%
Show Business Segments breakouts
Electrification · Operating Segments 808 918 -12.0%
Power · Operating Segments 328 310 +5.8%
Wind · Operating Segments 3,302 3,035 +8.8%
Contract And Other Deferred Assets Noncurrent 378 555 -31.9%
Show Business Segments breakouts
Electrification 9 11 -18.2%
Power 368 536 -31.3%
Wind 1 8 -87.5%
Deferred Tax Assets 5,321 1,639 +224.6%
Other Non-Current Assets 4,095 2,763 +48.2%
Total Assets 63,016 51,485 +22.4%
Show Business Segments breakouts
Electrification · Operating Segments 9,201 7,402 +24.3%
Power · Operating Segments 26,663 24,161 +10.4%
Wind · Operating Segments 11,444 9,970 +14.8%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 85 90 -5.6%
Variable Interest Entity Not Primary Beneficiary · Financial Services 27 37 -27.0%
Variable Interest Entity Primary Beneficiary 128 111 +15.3%
Show Consolidation Items breakouts
Corporate Non Segment 15,709 9,952 +57.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 13,363 19,941 -33.0%
Property, Plant & Equipment (Q)
Show Property Plant And Equipment By Type breakouts
Buildings, structures, and related equipment 1,349 1,339 +0.7%
Equipment leased to others 225 374 -39.8%
Land And Land Improvements 342 323 +5.9%
Leasehold costs and manufacturing plant under construction 1,225 533 +129.8%
Machinery And Equipment 2,302 2,284 +0.8%
Operating Lease Right-of-Use Assets 788 671 +17.4%
Intangible Assets 727 813 -10.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Computer Software Intangible Asset 127 165 -23.0%
Customer Related Intangible Assets 246 318 -22.6%
Intellectual Property 325 283 +14.8%
Trademarks & other 29 48 -39.6%
Other Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 8,848 8,205 +7.8%
Property Plant And Equipment And Operating Lease Right Of Use Asset After Accumulated Depreciation And Amortization 6,006 5,150 +16.6%
Intangible Assets Net Excluding Goodwill 727 813 -10.6%
Equity Method Investments 1,834 2,149 -14.7%
Show Business Segments breakouts
Electrification · Operating Segments 479 743 -35.5%
Power · Operating Segments 922 919 +0.3%
Wind · Operating Segments 30 49 -38.8%
Show Consolidation Items breakouts
Corporate Non Segment 403 438 -8.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Aero Alliance 569 544 +4.6%
Hitachi-GE Nuclear Energy 184 184 0.0%
Other Investees 697 769 -9.4%
Prolec GE 384 251 +53.0%
Current Liabilities
Accounts Payable And Other Accrued Liabilities Current 8,809 8,602 +2.4%
Show Counterparty Name breakouts
Aero Alliance · Related Party 55 24 +129.2%
Deferred Revenue (Current) 25,774 17,587 +46.6%
Show Business Segments breakouts
Electrification 6,449 4,034 +59.9%
Power 16,527 9,674 +70.8%
Wind 2,796 3,877 -27.9%
Other Liabilities Current 6,310 5,496 +14.8%
Liabilities Of Disposal Group Including Discontinued Operation Current 79
Total Current Liabilities 40,972 31,685 +29.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 4,953 6,906 -28.3%
Non-Current Liabilities
Deferred Tax Liabilities 1,162 827 +40.5%
Deferred Compensation Liability Classified Noncurrent 3,171 3,264 -2.8%
Other Non-Current Liabilities 5,416 5,116 +5.9%
Total Liabilities 50,720 40,892 +24.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 132 134 -1.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Other 7,781 10,631 -26.8%
Operating Lease Liabilities 661 562 +17.6%
Contract With Customer Liability Noncurrent 175 157 +11.5%
Show Business Segments breakouts
Electrification 13 16 -18.8%
Power 20 29 -31.0%
Wind 142 112 +26.8%
Stockholders' Equity
Common Stock 3 3 0.0%
Additional Paid-In Capital 9,813 9,733 +0.8%
Retained Earnings 6,154 1,611 +282.0%
Treasury Stock Common Value -3,385 -43 -7772.1%
Accumulated Other Comprehensive Income -1,407 -1,759 +20.0%
Total Stockholders' Equity 11,178 9,546 +17.1%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 12,296 10,593 +16.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -247 -58 -325.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent 100 33 +203.0%
Accumulated Other Comprehensive Income -1,407 -1,759 +20.0%
Accumulated Translation Adjustment -1,260 -1,734 +27.3%
Additional Paid In Capital 9,813 9,733 +0.8%
Common Stock 3 3 0.0%
Noncontrolling Interest 1,118 1,047 +6.8%
Retained Earnings 6,154 1,611 +282.0%
Treasury Stock Common -3,385 -43 -7772.1%
Total Liabilities & Equity 63,016 51,485 +22.4%
Minority Interest 1,118 1,047 +6.8%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization (FY)
Show Consolidation Items breakouts
Material Reconciling Items -847 -1,008 +16.0%
Change in Inventory -1,433 -641 -123.6%
Change in Deferred Revenue 8,019 2,799 +186.5%
Net Cash from Operations 4,987 2,583 +93.1%
Investing Activities
Other Investing Activities 47 -122 +138.5%
Net Cash from Investing -755 -37 -1940.5%
Financing Activities
Share Repurchases -3,316 -43 -7611.6%
Net Cash from Financing -3,813 3,652 -204.4%
Supplemental
Income Taxes Paid -830 -623 -33.2%
Interest Paid -53 -74 +28.4%
Other Cash Flow
Net Change in Cash 644 6,051 -89.4%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

Get API Key