Dashboard|GEV – Overview

GEV

GE Vernova Inc.

Technology • CIK: 0001996810

Market Cap

$168.63B

P/E (TTM)

98.9x

Rev Growth (TTM)

+9.4%

Net Margin (TTM)

4.5%

FCF Yield (TTM)

1.5%

FCF Margin (TTM)

6.6%

LATEST EARNINGS

•

Q4 FY2025

•

about 1 month ago

•View source

Revenue

$10.96B

+3.8%

Net Income

$3.67B

+658.3%

EPS

$13.39

+671.7%

Gross

21.2%↑ +1.1%

Operating

5.5%↓ -0.1%

Net

33.5%↑ +28.9%

•Orders increased 65% organically to $22.2B in Q4 and 34% organically to $59.3B for the full year, driven by strong equipment demand in Power and Electrification.
•Backlog grew by $15.0B sequentially in Q4 and $31.2B year-over-year, with equipment backlog margins improving by 6 points.
•Free cash flow more than doubled year-over-year, reaching $3.7B for the full year, primarily due to working capital benefits and stronger Adjusted EBITDA.
•Credit ratings were upgraded by S&P and Fitch to investment grade (BBB and BBB+, respectively), with positive outlooks maintained.

View Full Earnings →

Cash Flow Health

Free Cash Flow7/8 positive

TTM$2.5B

Q3 '25

$733M+278%

Q2 '25

$194M-80%

FCF Margin

TTM6.6%

Q3 '257.4%+245%

Sector: 10.0%Below Avg

OCF Margin9.1%

OCF/NI2.01x

CapEx Coverage3.6x

FCF Yield1.5%

FCF Growth (2Y)–

Cash Conversion Cycle

185 days

DSO: 73+DIO: 112−DPO: 0

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Growth Focused

Total Shareholder YieldTTM

TTM1.4%

Div Yield0.0%

Buyback (TTM)1.4%

Prioritizing reinvestment over distributions

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$2.5B

Stock Repurchases (TTM)$2.3B

Capital Return / FCF100.6%

Est. Dividends Paid (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

76.8%

Stable

+12.6% YoY+1.1%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

2.2%

8Q: 1.7%

Asset Turnover

0.72x

8Q: 0.71x

Leverage (1+D/E)

1.00x

D/E: 0.00x

DuPont: 1.6% ≈ 76.8% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

1.84x

8Q:1.77x

-19.3%

Invested Cap Turn

35.12x

8Q:18.64x

+4061.7%

CapEx Intensity

89.1%

8Q:50.9%

CapEx/Depreciation

1.53x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Revenue	$37.7B	$10.0B↑9.4%	$9.1B↑13.4%	$8.0B↓23.9%	$10.6B↑18.5%	$8.9B↑8.6%	$8.2B↑13.0%	$7.3B↓27.7%	$10.0B
Operating Income	$1.4B	$366.0M↓3.2%	$378.0M↑779.1%	$43.0M↓92.7%	$593.0M↑265.2%	$-359.0M↓168.1%	$527.0M↑282.4%	$-289.0M↓248.2%	$195.0M
Net Income	$1.7B	$452.0M↓12.1%	$514.0M↑102.4%	$254.0M↓47.5%	$484.0M↑604.2%	$-96.0M↓107.4%	$1.3B↑1095.4%	$-130.0M↓166.0%	$197.0M
Operating Cash Flow	$3.4B	$980.0M↑167.0%	$367.0M↓68.4%	$1.2B↑26.1%	$921.0M↓18.3%	$1.1B↑15.1%	$979.0M↑320.5%	$-444.0M↓123.0%	$1.9B
Free Cash Flow	$2.5B	$733.0M↑277.8%	$194.0M↓80.1%	$975.0M↑70.8%	$571.0M↓41.0%	$968.0M↑17.8%	$822.0M↑224.4%	$-661.0M↓140.0%	$1.7B
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

98.9x

Valuation Lenses

Earnings

98.9x

vs – sector

Cash Flow

40.9x

EV/FCF vs –

Growth-Adj

2.8xPEG

Expensive for growth

Quality-Adj

1.3P/E per %ROIC

ROIC: 76.8%

Shareholder Returns

Dividend

–

Buyback

1.4%

Total Yield

1.4%

Market Cap$168.63B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

94/100

Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg

18.9%

8Q:–

Return on Invested Capital (ROIC)Top 25%

76.8%

8Q:–

Flat

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 2.2%

Asset Turnover: 0.72x

Earnings Quality

Cash Conversion

2.01x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin19.5%

Capital Efficiency

Invested Capital Turnover35.12x

Working Capital

Cash Conversion Cycle185 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

59/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

9.4%

OpInc Growth YoY

201.9%

EPS Growth YoY

34.9%

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

19.5%

Operating

3.7%

Below Avg in sector

Net

4.5%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+2.0 pts

FCF: 6.6% | Net: 4.5%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $7.95B

Interest Coverage

–

+Net cash position: $7.95B

Leverage Metrics

Debt-to-Equity

0.00x

Balance sheet risk & solvency analysis