Power equipment and grid technology company serving utilities, gas power, wind, and electrification markets central to reindustrialization.
Profile & Fundamentals
GE Vernova LLC: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
GE Vernova LLC Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
GE Vernova LLC
Common Stock · Industrials · Heavy Electrical Equipment
Company
- Company / asset
- GE Vernova LLC
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Heavy Electrical Equipment
- HQ
- 🇺🇸 United States
- Head office
- 58 Charles Street, Cambridge, MA, United States, 02141
Leadership & scale
- Chief executive
- Mr. Scott L. Strazik
- CEO year born
- 1979
- Full-time employees
- 78K
- Fiscal year end
- December
- IPO date
- 2024-03-27
Fundamentals snapshot
- Market Cap
- USD 277.9B
- P/E
- 29.2x
- Revenue (Q2 26)
- USD 11.1B
- Profit (Q2 26)
- USD 668.0M
- Dividend Yield
- 0.1%
- Revenue (FY 25)
- USD 38.1B
- Shares in public float
- 265.8M
- Insider ownership
- 0.13%
Reporting & identifiers
- Symbol
- GEV.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US36828A1016
- Asset ID
- equity_238acad3-0ea8-5977-8ee3-376e689d95e2
Ownership
Shares Outstanding
Latest: 270.0M | Max: 278.0M | Min: 270.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.44%
265.8M latest reported shares
Insider Ownership
0.13%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
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| Reporting date | Shares outstanding |
|---|---|
| 2022-01-01 | 274,000,000 |
| 2023-01-01 | 272,083,600 |
| 2024-01-01 | 278,000,000 |
| 2025-01-01 | 276,000,000 |
| 2026-01-01 | 270,000,000 |
Top Holders
Available reported ownership records.
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| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 20,726,610 | 7.78% | 2026-03-31 |
| FMR Inc | 18,336,935 | 6.89% | 2026-03-31 |
| Vanguard Capital Management, LLC | 17,516,600 | 6.58% | 2026-03-31 |
| State Street Corp | 11,394,498 | 4.28% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,539,965 | 3.21% | 2026-08-31 |
| Vanguard 500 Index Investor | 7,139,442 | 2.68% | 2026-08-31 |
| JPMorgan Chase & Co | 6,752,963 | 2.54% | 2026-03-31 |
| Geode Capital Management, LLC | 6,385,078 | 2.4% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 6,369,723 | 2.39% | 2026-03-31 |
| Capital World Investors | 5,007,405 | 1.88% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 4,798,236 | 1.8% | 2026-03-31 |
| iShares Core S&P 500 ETF | 3,578,288 | 1.34% | 2026-08-31 |
| Fisher Asset Management, LLC | 3,559,479 | 1.34% | 2026-06-30 |
| Fidelity 500 Index | 3,474,830 | 1.3% | 2026-07-31 |
| NORGES BANK | 3,419,249 | 1.28% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's headline financials present a tale of two realities. Reported twelve-month net income showed massive headline growth, reaching over nine billion dollars. However, closer inspection reveals that this optical surge was heavily boosted by one-time tax accounting credits and acquisition-related accounting gains rather than purely ongoing manufacturing operations. Core operating profit was significantly lower, reflecting the true recurring baseline. At the same time, underlying business momentum is genuinely strong. Second-quarter revenue expanded by more than twenty percent year-over-year, propelled by robust deliveries of gas turbines and grid equipment. Operating profit quality will improve as higher-priced contract backlogs are fulfilled and one-off adjustments fade into history.
The company's headline financials present a tale of two realities. Reported twelve-month net income showed massive headline growth, reaching over nine billion dollars. However, closer inspection reveals that this optical surge was heavily boosted by one-time tax accounting credits and acquisition-related accounting gains rather than purely ongoing manufacturing operations. Core operating profit was significantly lower, reflecting the true recurring baseline. At the same time, underlying business momentum is genuinely strong. Second-quarter revenue expanded by more than twenty percent year-over-year, propelled by robust deliveries of gas turbines and grid equipment. Operating profit quality will improve as higher-priced contract backlogs are fulfilled and one-off adjustments fade into history.
Revenue, Net Income, and Free Cash Flow
Latest: USD 38.1B | Max: USD 38.1B | Min: USD -2.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 37x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has staged an impressive operational turnaround from prior operating losses, driven by pricing power in gas turbines and favorable product mix in electrification. Historically, turbine equipment was sold near cost to capture future maintenance contracts; today, acute energy shortages allow the company to capture double-digit margins on new equipment sales. Nevertheless, consolidated profit margins continue to face drag from the offshore wind division, which generated an estimated four hundred million dollar operating loss due to legacy fixed-price contracts. As these unprofitable legacy wind obligations burn off through 2028, consolidated operating margins should structurally advance toward corporate double-digit targets.
Profitability has staged an impressive operational turnaround from prior operating losses, driven by pricing power in gas turbines and favorable product mix in electrification. Historically, turbine equipment was sold near cost to capture future maintenance contracts; today, acute energy shortages allow the company to capture double-digit margins on new equipment sales. Nevertheless, consolidated profit margins continue to face drag from the offshore wind division, which generated an estimated four hundred million dollar operating loss due to legacy fixed-price contracts. As these unprofitable legacy wind obligations burn off through 2028, consolidated operating margins should structurally advance toward corporate double-digit targets.
Profitability Margins
Latest: 19.8% | Max: 19.8% | Min: -9.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
19.8%
Gross profit / revenue
Operating Margin
3.6%
Operating income / revenue
Net Margin
12.8%
Net income / revenue
FCF Margin
9.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2021-12-31 | 33,006,000,000 | -633,000,000 | -2,237,000,000 |
| 2022-12-31 | 29,654,000,000 | -2,736,000,000 | -627,000,000 |
| 2023-12-31 | 33,239,000,000 | -438,000,000 | 442,000,000 |
| 2024-12-31 | 34,943,000,000 | 1,552,000,000 | 1,700,000,000 |
| 2025-12-31 | 38,068,000,000 | 4,884,000,000 | 3,711,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 36.93 | Trailing four quarters |
| 2024-12-31 | 58.92 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2021-12-31 | 14.98 | -2.68 | -1.92 | -6.78 |
| 2022-12-31 | 11.66 | -9.72 | -9.23 | -2.11 |
| 2023-12-31 | 14.5 | -2.78 | -1.32 | 1.33 |
| 2024-12-31 | 18.06 | 2.25 | 4.44 | 4.87 |
| 2025-12-31 | 19.79 | 3.65 | 12.83 | 9.75 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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