GEV GE Vernova

XNYS Sideways Alert

Industrials

· How we analyze

About the company

GE Vernova was spun off from General Electric in 2024 and combines the energy business. The company builds gas turbines, steam and hydropower equipment, onshore and offshore wind turbines, and technology for power grids and their control. As of Oct 11, 2026

Fact sheet (from the annual report) Electrical equipment and electronics · Cambridge, USA

GE Vernova develops, manufactures, delivers and services technology for generating, transmitting, orchestrating, converting and storing electricity. The company builds, modernizes and services power systems so that customers can electrify their operations and reduce emissions. Its customers include utilities, project developers and governments as well as electricity users. Besides new technology, the company also services the installed base of equipment. In April 2024 GE Vernova became an independent company through a spin-off from General Electric, now GE Aerospace.

Automatically summarized from SEC annual report (10-K, filed Jan 29, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +4.7%
  • 7 days +0.5%
  • 30 days −6.5%
  • 1 year +53.2%
Day range (last trading day)
−3.0%Price at 86% of the range+0.5%
52-week range
−40.8%Price at 55% of the range+33.6%
Distance from the all-time high
−25.2%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for GEV. The check runs daily after the close.

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What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NYSE:GEV

Fundamental analysis

GE Vernova · Sector Industrials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Jan 29, 2026.

One-off effect in profit – prior-year figures are only partly comparable. unusually high profit in quarter Q4/25 (net margin 33.4%).

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 3 without data 2 of 5 criteria met Growth Revenue and earnings per share · 5 without data 2 of 2 criteria met Dividend Level, consistency, coverage · 5 without data 2 of 2 criteria met Financial strength Piotroski, debt, liquidity · 3 without data 2 of 3 criteria met

Quality 2 of 5 met · 3 without data

  • not met: Gross margin above 40% 19.8%
  • not met: Operating margin above 15% 3.6%
  • met: Net margin above 10% 12.8%
  • met: Return on equity above 15% 43.7%
  • no data: Free cash flow margin above 10% not stated in the SEC filings
  • no data: Profit in each of the last 5 fiscal years fewer than 5 fiscal years reported
  • no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
  • not met: Equity ratio above 30% 17.7%
Gross margin

19.8% Fiscal year 2025

No rank: too few peers or not computed yet.

Share of revenue left after the direct cost of the products sold.

Operating margin

3.6% Fiscal year 2025

No rank: too few peers or not computed yet.

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

12.8% Fiscal year 2025

No rank: too few peers or not computed yet.

Profit after all costs, interest and taxes divided by revenue.

Return on equity

43.7% Fiscal year 2025

No rank: too few peers or not computed yet.

Net income divided by equity at fiscal year end.

Return on assets

7.8% Fiscal year 2025 (total assets at year end)

No rank: too few peers or not computed yet.

Net income divided by total assets at fiscal year end.

Equity ratio

17.7% Fiscal year 2025

No rank: too few peers or not computed yet.

Equity as a share of total assets. Usually low for banks.

Growth 2 of 2 met · 5 without data

  • met: Over 3 years, revenue grew by more than 5% per year +8.7%
  • no data: Over 5 years, revenue grew by more than 5% per year no comparable figures over 5 years
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Revenue rose in at least 4 of the last 5 fiscal years fewer than 6 fiscal years reported
  • met: Revenue rose in the last fiscal year +9.0%
Revenue growth 3 years

+8.7% per year

No rank: too few peers or not computed yet.

Average growth per year over 3 fiscal years.

Dividend 2 of 2 met · 5 without data

  • met: Pays a dividend 1.25 USD
  • met: Payout ratio at most 60% of earnings 7%
  • no data: Dividend paid in each of the last 5 fiscal years not reported as an annual figure for each of the last 5 fiscal years
  • no data: Dividend per share never lowered in the last 5 fiscal years not reported as an annual figure for each of the last 5 fiscal years
  • no data: Dividend per share higher than 5 years ago no comparable dividend 5 years ago
  • no data: Free cash flow per share covers the dividend not stated in the SEC filings
  • no data: Dividends paid over the last 5 years covered by free cash flow dividends paid or free cash flow reported for fewer than 3 years
Payout ratio

7% Fiscal year 2025

Dividend per share divided by earnings per share.

Financial strength 2 of 3 met · 3 without data

  • no data: Piotroski F-Score at least 7 of 9 too many criteria without data 6 of 8 · 1 without data
  • met: Long-term debt no higher than equity 0.03
  • not met: Current assets cover current liabilities 0.98
  • met: Positive equity 11.2B USD
  • no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
  • no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Piotroski F-Score

6 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.03 at fiscal year end

No rank: too few peers or not computed yet.

Long-term financial debt divided by equity.

Liquidity (current ratio)

0.98 at fiscal year end

No rank: too few peers or not computed yet.

Current assets divided by current liabilities.

Change in share count

+0.7% in 3 years

No rank: too few peers or not computed yet.

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • no data: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.

In short

  • Light green: Revenue grew over 3 years (+8.7% per year), at least as fast as the sector median.
  • Light green: Net margin 12.8%, above the sector median (11.1%).
  • Light green: Debt not higher than usual in the sector.
  • Light red: Profit in 2 of 4 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 29.7B USD · Net income −2.7B USD · Net margin −9.2%
  2. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 33.2B USD · Net income −438.0M USD · Net margin −1.3%
  3. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 34.9B USD · Net income 1.6B USD · Net margin 4.4%
  4. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 38.1B USD · Net income 4.9B USD · Net margin 12.8%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 38.1B USD · Net income 4.9B USD · Net margin 12.8%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 19.8 USD gross profit, 3.6 USD operating income and 12.8 USD net income remained.

Net income is above operating income (e.g. a tax benefit, gains on investments or securities).

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue38.1B USD100.0%
Gross profit7.5B USD19.8%
Cost of revenue30.5B USD80.2%
Operating income1.4B USD3.6%
Research & development1.2B USD3.1%
Other operating expenses5.0B USD13.0%
Net income4.9B USD12.8%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 3 years from −9.7% to 3.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2022: Gross margin 11.7% · Operating margin −9.7% · Net margin −9.2%
  2. Fiscal year 2023: Gross margin 14.5% · Operating margin −2.8% · Net margin −1.3%
  3. Fiscal year 2024: Gross margin 17.4% · Operating margin 1.3% · Net margin 4.4%
  4. Fiscal year 2025: Gross margin 19.8% · Operating margin 3.6% · Net margin 12.8%

Returns

Return on equity rose in 3 years from −23.6% to 43.7%.

Return on equityReturn on assets
  1. Fiscal year 2022: Return on equity −23.6% · Return on assets not available
  2. Fiscal year 2023: Return on equity −5.9% · Return on assets −0.9%
  3. Fiscal year 2024: Return on equity 16.3% · Return on assets 3.0%
  4. Fiscal year 2025: Return on equity 43.7% · Return on assets 7.8%

Equity and long-term debt

The equity ratio rose in 2 years from 16.1% to 17.7%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2022: Equity 11.6B USD · Long-term debt not available
  2. Fiscal year 2023: Equity 7.4B USD · Long-term debt not available
  3. Fiscal year 2024: Equity 9.5B USD · Long-term debt not available
  4. Fiscal year 2025: Equity 11.2B USD · Long-term debt 289.0M USD

Liquidity (current ratio)

The current ratio stayed roughly the same in 2 years (0.98).

Current ratio
  1. Fiscal year 2022: Current ratio not available
  2. Fiscal year 2023: Current ratio 0.94
  3. Fiscal year 2024: Current ratio 1.08
  4. Fiscal year 2025: Current ratio 0.98

Cash flow

Operating cash flow rose in 3 years from −114.0M USD to 5.0B USD.

Operating cash flow in USD
  1. Fiscal year 2022: Operating cash flow −114.0M USD
  2. Fiscal year 2023: Operating cash flow 1.2B USD
  3. Fiscal year 2024: Operating cash flow 2.6B USD
  4. Fiscal year 2025: Operating cash flow 5.0B USD

Share count

The share count stayed roughly the same in 3 years.

Diluted share count
  1. Fiscal year 2022: Diluted share count 274.0M
  2. Fiscal year 2023: Diluted share count 274.0M
  3. Fiscal year 2024: Diluted share count 278.0M
  4. Fiscal year 2025: Diluted share count 276.0M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
1.25 USD · Fiscal year 2025
Dividend growth per year
3 y –5 y –10 y –
Years without a cut
at least 1 as far as the data goes
Payout ratio
of earnings 7% of free cash flow –

Dividend per share

The dividend per share rose within one year from 0.25 USD to 1.25 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2022: Dividend per share not available
  2. Fiscal year 2023: Dividend per share not available
  3. Fiscal year 2024: Dividend per share 0.25 USD
  4. Fiscal year 2025: Dividend per share 1.25 USD

Payout ratios

The payout ratio rose within one year from 4.5% to 7.1%.

Payout ratio (earnings)
  1. Fiscal year 2022: Payout ratio (earnings) not available
  2. Fiscal year 2023: Payout ratio (earnings) not available
  3. Fiscal year 2024: Payout ratio (earnings) 4.5%
  4. Fiscal year 2025: Payout ratio (earnings) 7.1%

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+8.7% per year, last 3 years

Sector Industrials: median +5.7% (86 symbols)

What does this mean? Revenue: over 3 years it grew by 8.7% per year on average – at least as fast as the median company in the sector (+5.7%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 3 years

Sector Industrials: median +3.7% (77 symbols)

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

12.8% last fiscal year

Sector Industrials: median 11.1% (88 symbols)

What does this mean? Of every 100 USD in revenue, 12.83 USD remained as profit – at least as much as the median company in the sector (11.1%).

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.24 latest balance sheet

Sector Industrials: median 0.59 (67 symbols)

What does this mean? For every 1 USD of equity there is 0.24 USD of financial debt – no more than the median company in the sector (0.59). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

7% Dividend / earnings per share

Sector Industrials: median 35% (65 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.07 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 2 loss years

2 of 4 fiscal years with a profit

What does this mean? In 2 of the last 4 fiscal years the bottom line showed a profit. 2 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
38.1B USD
Revenue vs. prior year
+9.0%
Net income (FY)
4.9B USD
Net income vs. prior year
+214.7%
EPS (FY)
17.69 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−5.4%
Fiscal year to Dec 31, 2025 · 10-K filed Jan 29, 2026 · Balance sheet Jun 30, 2026 (filed Jul 22, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 38.1B4.9B 12.8% 17.69 1.25 7%
2024Dec 31, 2024 34.9B1.6B 4.4% 5.58 0.25 4%
2023Dec 31, 2023 33.2B−438.0M −1.3% −1.60 – –
2022Dec 31, 2022 29.7B−2.7B −9.2% −10.00 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 11.1B668.0M 6.0% 2.47 0.50 20%
Q1/26Mar 31, 2026 9.3B4.7B 50.8% 17.44 0.50 3%
Q4/25*Dec 31, 2025 11.0B3.7B 33.4% – 0.50 –
Q3/25Sep 30, 2025 10.0B452.0M 4.5% 1.64 0.25 15%
Q2/25Jun 30, 2025 9.1B514.0M 5.6% 1.86 0.50 27%
Q1/25Mar 31, 2025 8.0B254.0M 3.2% 0.91 – –
Q4/24*Dec 31, 2024 10.6B484.0M 4.6% – – –
Q3/24Sep 30, 2024 8.9B−96.0M −1.1% −0.35 – –
Q2/24Jun 30, 2024 8.2B1.3B 15.8% 4.65 – –
Q1/24Mar 31, 2024 7.3B−130.0M −1.8% −0.47 – –
Q4/23*Dec 31, 2023 10.0B197.0M 2.0% – – –
Q3/23Sep 30, 2023 8.3B−170.0M −2.1% −0.62 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $00 people $0
6 months $00 people $7.0M2 people −$7.0M
12 months $00 people $11.5M3 people −$11.5M

Latest transactions

  • Jun 1, 2026 Abate Victor Chief executive (CEO) Open-market sale 4,819 shares · $4.6M · SEC
  • May 14, 2026 Potvin Matthew Joseph Officer Open-market sale 2,333 shares · $2.5M · SEC
  • Mar 3, 2026 Baert Steven Officer Open-market sale 5,300 shares · $4.5M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -25

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)20.4
Rel. strength 60 d−12.0%

ATR and moving averages as price values only when logged in.

More stocks from Industrials

All symbols in this sector

News

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