What is GE VERNOVA LLC's earnings per share (EPS)?

GE VERNOVA LLC (GEV) reported diluted earnings per share of $17.69 for fiscal year 2025. This represents a 217.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

GE VERNOVA LLC Financials

GEV

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows GE VERNOVA LLC (GEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

GE VERNOVA LLC has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 1.4% the prior year.

Growth

GE VERNOVA LLC's revenue grew 9.0% year-over-year to $38.1B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

GE VERNOVA LLC has elevated debt relative to equity (D/E of 4.54), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 9/100, reflecting increased financial risk.

Liquidity

GE VERNOVA LLC's current ratio of 0.98 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

GE VERNOVA LLC has a free cash flow margin of 9.8%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

GE VERNOVA LLC earns a strong 43.7% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 16.3% the prior year.

Altman Z-Score Safe

3.66

GE VERNOVA LLC scores 3.66, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($242.2B) relative to total liabilities ($50.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

GE VERNOVA LLC passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.02x

For every $1 of reported earnings, GE VERNOVA LLC generates $1.02 in operating cash flow ($5.0B OCF vs $4.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$38.1B

YoY+9.0%

GE VERNOVA LLC generated $38.1B in revenue in fiscal year 2025. This represents an increase of 9.0% from the prior year.

EBITDA

$2.2B

YoY+36.4%

GE VERNOVA LLC's EBITDA was $2.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.4% from the prior year.

Net Income

$4.9B

YoY+214.7%

GE VERNOVA LLC reported $4.9B in net income in fiscal year 2025. This represents an increase of 214.7% from the prior year.

EPS (Diluted)

$17.69

YoY+217.0%

GE VERNOVA LLC earned $17.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 217.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$3.7B

YoY+118.2%

GE VERNOVA LLC generated $3.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 118.2% from the prior year.

Cash & Debt

$8.8B

YoY+7.8%

GE VERNOVA LLC held $8.8B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.25

YoY+400.0%

GE VERNOVA LLC paid $1.25 per share in dividends in fiscal year 2025. This represents an increase of 400.0% from the prior year.

Shares Outstanding

270M

YoY-2.3%

GE VERNOVA LLC had 270M shares outstanding in fiscal year 2025. This represents a decrease of 2.3% from the prior year.

Margins & Returns

Gross Margin

19.8%

YoY+2.4pp

GE VERNOVA LLC's gross margin was 19.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.4 percentage points from the prior year.

Operating Margin

3.6%

YoY+2.3pp

GE VERNOVA LLC's operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is up 2.3 percentage points from the prior year.

Net Margin

12.8%

YoY+8.4pp

GE VERNOVA LLC's net profit margin was 12.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.4 percentage points from the prior year.

Return on Equity

43.7%

YoY+27.4pp

GE VERNOVA LLC's ROE was 43.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 27.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.2B

YoY+21.9%

GE VERNOVA LLC invested $1.2B in research and development in fiscal year 2025. This represents an increase of 21.9% from the prior year.

Share Buybacks

$3.3B

YoY+7611.6%

GE VERNOVA LLC spent $3.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7611.6% from the prior year.

Capital Expenditures

$1.3B

YoY+44.6%

GE VERNOVA LLC invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 44.6% from the prior year.

GEV Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$38.1B+9.0%	$34.9B+5.1%	$33.2B+12.1%	$29.7B
Cost of Revenue	$30.5B+5.8%	$28.9B+1.5%	$28.4B+8.5%	$26.2B
Gross Profit	$7.5B+23.8%	$6.1B+26.3%	$4.8B+39.3%	$3.5B
R&D Expenses	$1.2B+21.9%	$982.0M+9.6%	$896.0M-8.5%	$979.0M
SG&A Expenses	$4.9B+6.8%	$4.6B-4.4%	$4.8B-9.6%	$5.4B
Operating Income	$1.4B+194.7%	$471.0M+151.0%	-$923.0M+68.0%	-$2.9B
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	-$2.1B-318.4%	$939.0M+173.0%	$344.0M+38.7%	$248.0M
Net Income	$4.9B+214.7%	$1.6B+454.3%	-$438.0M+84.0%	-$2.7B
EPS (Diluted)	$17.69+217.0%	$5.58+448.8%	$-1.60+84.0%	$-10.00

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$11.0B+9.9%	$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
Cost of Revenue	$8.6B+7.0%	$8.1B+11.1%	$7.3B+10.7%	$6.6B-22.2%	$8.4B+8.1%	$7.8B+20.0%	$6.5B+6.4%	$6.1B
Gross Profit	$2.3B+22.4%	$1.9B+2.8%	$1.8B+25.6%	$1.5B-30.8%	$2.1B+91.5%	$1.1B-34.8%	$1.7B+48.0%	$1.1B
R&D Expenses	$366.0M+18.1%	$310.0M+9.9%	$282.0M+18.0%	$239.0M-9.8%	$265.0M+9.1%	$243.0M+2.5%	$237.0M0.0%	$237.0M
SG&A Expenses	$1.4B+11.0%	$1.2B+3.0%	$1.2B-0.3%	$1.2B-6.2%	$1.3B+3.3%	$1.2B+30.7%	$938.0M-22.0%	$1.2B
Operating Income	$601.0M+64.2%	$366.0M-3.2%	$378.0M+779.1%	$43.0M-92.7%	$592.0M+264.9%	-$359.0M-168.1%	$527.0M+282.4%	-$289.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$2.6B-975.4%	$293.0M+91.5%	$153.0M+125.0%	$68.0M-89.2%	$630.0M+2839.1%	-$23.0M-107.1%	$322.0M+3120.0%	$10.0M
Net Income	$3.7B+710.6%	$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
EPS (Diluted)	N/A	$1.64-11.8%	$1.86+104.4%	$0.91	N/A	$-0.35-107.5%	$4.65+1089.4%	$-0.47

GEV Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$63.0B+22.4%	$51.5B+11.6%	$46.1B	N/A
Current Assets	$40.2B+17.8%	$34.2B+24.5%	$27.4B	N/A
Cash & Equivalents	$8.8B+7.8%	$8.2B+429.0%	$1.6B-25.0%	$2.1B
Inventory	$10.4B+21.5%	$8.6B+4.0%	$8.3B	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	$4.4B+4.1%	$4.3B-3.9%	$4.4B+6.6%	$4.2B
Total Liabilities	$50.7B+24.0%	$40.9B+8.3%	$37.7B	N/A
Current Liabilities	$41.0B+29.3%	$31.7B+8.1%	$29.3B	N/A
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$11.2B+17.1%	$9.5B+28.7%	$7.4B-36.1%	$11.6B
Retained Earnings	$6.2B+282.0%	$1.6B	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$63.0B+15.8%	$54.4B+2.5%	$53.1B+2.9%	$51.6B+0.1%	$51.5B+1.2%	$50.9B+5.8%	$48.1B+0.4%	$47.9B
Current Assets	$40.2B+10.9%	$36.3B+4.5%	$34.7B+2.3%	$33.9B-0.6%	$34.2B+3.1%	$33.1B+7.9%	$30.7B+5.1%	$29.2B
Cash & Equivalents	$8.8B+11.4%	$7.9B+0.7%	$7.9B-2.7%	$8.1B-1.2%	$8.2B+11.0%	$7.4B+28.0%	$5.8B+77.5%	$3.3B
Inventory	$10.4B+4.0%	$10.0B+2.1%	$9.8B+7.3%	$9.2B+6.6%	$8.6B-8.4%	$9.4B+0.3%	$9.3B+5.5%	$8.9B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.4B+2.6%	$4.3B-4.4%	$4.5B+3.7%	$4.4B+2.5%	$4.3B-4.1%	$4.4B+2.1%	$4.4B-1.1%	$4.4B
Total Liabilities	$50.7B+13.5%	$44.7B+3.6%	$43.1B+3.0%	$41.9B+2.4%	$40.9B+1.4%	$40.3B+6.1%	$38.0B+0.3%	$37.9B
Current Liabilities	$41.0B+16.2%	$35.3B+4.5%	$33.8B+3.3%	$32.7B+3.1%	$31.7B+1.4%	$31.2B+7.5%	$29.1B-1.5%	$29.5B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$11.2B+29.3%	$8.6B-2.6%	$8.9B+3.1%	$8.6B-9.8%	$9.5B+0.4%	$9.5B+4.8%	$9.1B+1.0%	$9.0B
Retained Earnings	$6.2B+134.3%	$2.6B+17.2%	$2.2B+20.2%	$1.9B+15.8%	$1.6B+34.5%	$1.2B-7.4%	$1.3B	N/A

GEV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$5.0B+93.1%	$2.6B+117.8%	$1.2B+1140.4%	-$114.0M
Capital Expenditures	$1.3B+44.6%	$883.0M+18.7%	$744.0M+45.0%	$513.0M
Free Cash Flow	$3.7B+118.2%	$1.7B+284.6%	$442.0M+170.5%	-$627.0M
Investing Cash Flow	-$755.0M-1940.5%	-$37.0M+95.0%	-$734.0M-128.0%	-$322.0M
Financing Cash Flow	-$3.8B-204.4%	$3.7B+995.1%	-$408.0M-150.3%	$811.0M
Dividends Paid	$275.0M	$0	$0	N/A
Share Buybacks	$3.3B+7611.6%	$43.0M	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.5B+153.0%	$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
Capital Expenditures	$671.0M+171.7%	$247.0M+42.8%	$173.0M-7.0%	$186.0M-46.9%	$350.0M+120.1%	$159.0M+1.3%	$157.0M-27.6%	$217.0M
Free Cash Flow	$1.8B+146.7%	$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
Investing Cash Flow	-$374.0M-124.0%	-$167.0M-38.0%	-$121.0M-30.1%	-$93.0M+46.9%	-$175.0M-53.5%	-$114.0M-121.2%	$537.0M+288.4%	-$285.0M
Financing Cash Flow	-$1.2B-52.2%	-$774.0M-28.1%	-$604.0M+51.9%	-$1.3B-871.2%	$163.0M-72.1%	$585.0M-39.7%	$970.0M-49.8%	$1.9B
Dividends Paid	$68.0M0.0%	$68.0M-2.9%	$70.0M+1.4%	$69.0M	$0	$0	$0	$0
Share Buybacks	$1.1B+62.9%	$660.0M+37.5%	$480.0M-56.4%	$1.1B+36600.0%	$3.0M-92.5%	$40.0M	$0	$0

GEV Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	19.8%+2.4pp	17.4%+2.9pp	14.5%+2.8pp	11.7%
Operating Margin	3.6%+2.3pp	1.4%+4.1pp	-2.8%+6.9pp	-9.7%
Net Margin	12.8%+8.4pp	4.4%+5.8pp	-1.3%+7.9pp	-9.2%
Return on Equity	43.7%+27.4pp	16.3%+22.2pp	-5.9%+17.7pp	-23.6%
Return on Assets	7.8%+4.7pp	3.0%+4.0pp	-0.9%	N/A
Current Ratio	0.98-0.1	1.08+0.1	0.94	N/A
Debt-to-Equity	4.54+0.3	4.28-0.8	5.09	N/A
FCF Margin	9.8%+4.9pp	4.9%+3.5pp	1.3%+3.4pp	-2.1%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	21.2%+2.2pp	19.0%-1.2pp	20.3%+2.0pp	18.3%-1.8pp	20.1%+7.7pp	12.4%-8.3pp	20.8%+4.9pp	15.8%
Operating Margin	5.5%+1.8pp	3.7%-0.5pp	4.2%+3.6pp	0.5%-5.1pp	5.6%+9.6pp	-4.0%-10.4pp	6.4%+10.4pp	-4.0%
Net Margin	33.4%+28.9pp	4.5%-1.1pp	5.6%+2.5pp	3.2%-1.4pp	4.6%+5.7pp	-1.1%-16.9pp	15.8%+17.6pp	-1.8%
Return on Equity	32.8%+27.5pp	5.2%-0.6pp	5.8%+2.8pp	2.9%-2.1pp	5.1%+6.1pp	-1.0%-15.3pp	14.3%+15.7pp	-1.5%
Return on Assets	5.8%+5.0pp	0.8%-0.1pp	1.0%+0.5pp	0.5%-0.5pp	0.9%+1.1pp	-0.2%-2.9pp	2.7%+3.0pp	-0.3%
Current Ratio	0.98-0.0	1.030.0	1.03-0.0	1.04-0.0	1.08+0.0	1.060.0	1.06+0.1	0.99
Debt-to-Equity	4.54-0.6	5.17+0.3	4.860.0	4.87+0.6	4.28+0.0	4.24+0.1	4.19-0.0	4.22
FCF Margin	16.5%+9.2pp	7.3%+5.2pp	2.1%-10.0pp	12.1%+6.7pp	5.4%-5.5pp	10.9%+0.8pp	10.0%+19.1pp	-9.1%

Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is GE VERNOVA LLC's annual revenue?

GE VERNOVA LLC (GEV) reported $38.1B in total revenue for fiscal year 2025. This represents a 9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GE VERNOVA LLC's revenue growing?

GE VERNOVA LLC (GEV) revenue grew by 9% year-over-year, from $34.9B to $38.1B in fiscal year 2025.

Is GE VERNOVA LLC profitable?

Yes, GE VERNOVA LLC (GEV) reported a net income of $4.9B in fiscal year 2025, with a net profit margin of 12.8%.

What is GE VERNOVA LLC's EBITDA?

GE VERNOVA LLC (GEV) had EBITDA of $2.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is GE VERNOVA LLC's gross margin?

GE VERNOVA LLC (GEV) had a gross margin of 19.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is GE VERNOVA LLC's operating margin?

GE VERNOVA LLC (GEV) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is GE VERNOVA LLC's net profit margin?

GE VERNOVA LLC (GEV) had a net profit margin of 12.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does GE VERNOVA LLC pay dividends?

Yes, GE VERNOVA LLC (GEV) paid $1.25 per share in dividends during fiscal year 2025.

What is GE VERNOVA LLC's return on equity (ROE)?

GE VERNOVA LLC (GEV) has a return on equity of 43.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is GE VERNOVA LLC's free cash flow?

GE VERNOVA LLC (GEV) generated $3.7B in free cash flow during fiscal year 2025. This represents a 118.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is GE VERNOVA LLC's operating cash flow?

GE VERNOVA LLC (GEV) generated $5.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are GE VERNOVA LLC's total assets?

GE VERNOVA LLC (GEV) had $63.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are GE VERNOVA LLC's capital expenditures?

GE VERNOVA LLC (GEV) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does GE VERNOVA LLC spend on research and development?

GE VERNOVA LLC (GEV) invested $1.2B in research and development during fiscal year 2025.

Does GE VERNOVA LLC buy back shares?

Yes, GE VERNOVA LLC (GEV) spent $3.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does GE VERNOVA LLC have outstanding?

GE VERNOVA LLC (GEV) had 270M shares outstanding as of fiscal year 2025.

What is GE VERNOVA LLC's current ratio?

GE VERNOVA LLC (GEV) had a current ratio of 0.98 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is GE VERNOVA LLC's debt-to-equity ratio?

GE VERNOVA LLC (GEV) had a debt-to-equity ratio of 4.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GE VERNOVA LLC's return on assets (ROA)?

GE VERNOVA LLC (GEV) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is GE VERNOVA LLC's Altman Z-Score?

GE VERNOVA LLC (GEV) has an Altman Z-Score of 3.66, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is GE VERNOVA LLC's Piotroski F-Score?

GE VERNOVA LLC (GEV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GE VERNOVA LLC's earnings high quality?

GE VERNOVA LLC (GEV) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is GE VERNOVA LLC?

GE VERNOVA LLC (GEV) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.