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Profile & Fundamentals

GE Vernova LLC Profile & Fundamentals

Name: GE Vernova LLC financial chart data preview
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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

Official website

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

Updated 2026-09-13

Market Cap: USD 253.9B
P/E: 26.6x
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

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc20,726,610 shares · 7.78% · Reported 2026-03-31
FMR Inc18,336,935 shares · 6.88% · Reported 2026-03-31
Vanguard Capital Management, LLC17,516,600 shares · 6.58% · Reported 2026-03-31
State Street Corp11,394,498 shares · 4.28% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest8,556,789 shares · 3.21% · Reported 2026-07-31
Vanguard 500 Index Investor7,054,266 shares · 2.65% · Reported 2026-07-31
JPMorgan Chase & Co6,752,963 shares · 2.54% · Reported 2026-03-31

View more holders (8)

Geode Capital Management, LLC6,385,078 shares · 2.40% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts6,369,723 shares · 2.39% · Reported 2026-03-31
Capital World Investors5,007,405 shares · 1.88% · Reported 2026-06-30
Vanguard Portfolio Management, LLC4,798,236 shares · 1.80% · Reported 2026-03-31
iShares Core S&P 500 ETF3,578,288 shares · 1.34% · Reported 2026-08-31
Fisher Asset Management, LLC3,559,479 shares · 1.34% · Reported 2026-06-30
Fidelity 500 Index3,474,830 shares · 1.30% · Reported 2026-07-31
NORGES BANK3,419,249 shares · 1.28% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's recent financial performance shows a massive jump, with net income surging to over nine billion dollars and free cash flow reaching seven and a half billion dollars. This explosive growth is driven by huge upfront customer deposits for power equipment and peak pricing. However, there is a clear disagreement about how sustainable these numbers are. Some reports warn that the recent earnings look artificially high due to one-time tax benefits and accounting gains from spin-offs and acquisitions, meaning true operational earnings are much lower. While everyone agrees that the long-term trend is positive because of the massive order backlog, there is a clash over the near-term outlook. Cautious views suggest that earnings will normalize downward as the initial rush of orders slows, while optimistic views believe that high-margin maintenance contracts will keep cash flows growing steadily.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins have turned around dramatically, with gross margins reaching nearly twenty percent and operating margins finally turning positive after years of losses. This improvement is driven by strong pricing power in its gas turbine and grid segments. However, there is a sharp clash over the future margin outlook. Cautious assessments point out that the current stock price expects software-like , which is unrealistic for a heavy manufacturer facing rising costs for copper and steel. They also note that the wind power division remains a persistent loss-maker that drags down overall profits. In contrast, bullish views argue that as more equipment is installed, highly profitable long-term service contracts will automatically lift margins over time. The key disagreement is whether these service profits can expand fast enough to prevent the stock price from falling.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2021-12-31	33,006,000,000	-2,237,000,000	-633,000,000	14.98	-2.68	-1.92	-6.78
2022-12-31	29,654,000,000	-627,000,000	-2,736,000,000	11.66	-9.72	-9.23	-2.11
2023-12-31	33,239,000,000	442,000,000	-438,000,000	14.5	-2.78	-1.32	1.33
2024-12-31	34,943,000,000	1,700,000,000	1,552,000,000	18.06	2.25	4.44	4.87
2025-12-31	38,068,000,000	3,711,000,000	4,884,000,000	19.79	3.65	12.83	9.75

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	36.93	Trailing four quarters
2024-12-31	58.92	Trailing four quarters

Shares outstanding — chart values
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

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