GE Vernova Inc.GEV
GE Vernova Inc. Financial Overview 2024–2025
GE Vernova delivered a massive profitability inflection in its first full fiscal years as a standalone entity, with net income more than tripling to $4.9 billion in FY2025. This surge confirms the company has successfully pivoted from complex restructuring to high-margin execution, capitalizing on critical infrastructure demand. The financial trajectory is clear: revenue expanded from $34.9 billion in FY2024 to $38.1 billion in FY2025, driven by pricing power and volume growth rather than cost-cutting alone.
Underlying segment performance demonstrates significant operational leverage. The Electrification unit led the charge in FY2025 with 28% revenue growth and EBITDA margins that nearly doubled to 14.9%, while the Power segment delivered a 28% improvement in EBITDA. This execution generated $3.7 billion in free cash flow for FY2025, funding a shareholder return program backed by a $6 billion repurchase authorization. Forward visibility is exceptionally high, with remaining performance obligations (RPO) growing to $150.2 billion. The market rewarded this growth profile with a premium valuation, trading at 36.9x earnings with a market cap of $176.2 billion at the close of FY2025.
Recent Developments (Q3 and Q4 2025)
Momentum accelerated in Q3 2025, with revenue rising 12% to $10.0 billion and net income swinging to a positive $452 million from a prior-year loss. Following the fiscal year-end, the company executed a major strategic expansion by closing the $5.3 billion acquisition of the remaining 50% stake in Prolec GE on February 2, 2026. This transaction was supported by a $2.6 billion senior note offering completed in early February 2026.
In leadership news, Eric Gray was appointed CEO of the Power segment in January 2026, replacing Mavi Zingoni. Valuations expanded further following the earnings release, with the stock trading at 40.6x earnings as of January 28, 2026. Bulls point to the aggressive capital deployment and credit rating upgrades as signs of mature financial health, while bears caution that the premium multiple leaves little margin for error in integrating the new Prolec assets.
What to watch: margin impact from the Prolec GE integration; operational stability in the Power segment under new leadership.
Rev
$38.07B
FY2025
NI
$4.88B
FY2025
EPS
$17.92
FY2025
OCF
$4.99B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
GE Vernova Inc. 8-K Report, Corporate Update (Feb 4, 2026)
GE Vernova Inc. (GEV) announced the successful completion of a significant public offering of senior unsecured notes totaling $2.6 billion. This offering comprises three tranches with varying maturities and interest rates: $600 million of 4.250% Senior Notes due 2031, $1 billion of 4.875% Senior Notes due 2036, and $1 billion of 5.500% Senior Notes due 2056. The proceeds from this issuance are earmarked for general corporate purposes and, notably, to fund a portion of the acquisition of the remaining 50% stake in Prolec GE, which closed shortly before this offering. This debt issuance signifies GE Vernova's strategic moves to strengthen its financial position and support key growth initiatives. The dual purpose of the funding, covering both general operations and a significant acquisition, indicates management's confidence in future cash flows and strategic direction. Investors should note the fixed interest rates and maturities, which provide predictability for the company's debt servicing obligations and offer investors different yield and duration profiles.
GE Vernova Inc. 8-K Report, Financial Results (Jan 28, 2026)
GE Vernova Inc. (GEV) has filed a Form 8-K to announce the release of its fourth-quarter and full-year 2025 financial results, which were made available on its investor relations website on January 28, 2026. While the specific financial performance details are not included within the 8-K itself, the filing indicates that the complete results and accompanying materials are accessible via the company's investor relations portal. Investors should refer to the press release and associated financial statements attached as Exhibit 99 for comprehensive information regarding revenue, profitability, segment performance, and forward-looking guidance. This filing serves as notification of the earnings release, and the detailed financial information will provide critical insights into GE Vernova's operational performance, strategic execution, and outlook for the upcoming fiscal year. Investors are encouraged to review the furnished materials to understand the company's financial health and assess its investment potential.
GE Vernova Inc. 8-K Report, Executive Changes (Jan 21, 2026)
GE Vernova Inc. (GEV) has announced a significant leadership change within its Power Segment. Mavi Zingoni will be stepping down as Chief Executive Officer of the Power Segment, effective January 21, 2026. Ms. Zingoni will transition into an advisory role to ensure a smooth handover, with her departure from the company scheduled for June 30, 2026. This change represents a shift in leadership for a critical segment of GE Vernova's operations, and investors will be keen to understand the implications for the segment's strategic direction and performance under new leadership.
GE Vernova Inc. 8-K Report, Financial Results (Oct 22, 2025)
GE Vernova Inc. (GEV) has filed a Current Report (8-K) on October 22, 2025, to announce its third-quarter 2025 financial results. The company has made these results available on its investor relations website, with a press release attached as an exhibit to the filing. Investors should refer to the official press release for detailed financial performance, operational updates, and forward-looking guidance for the third quarter of 2025. This filing serves as a notification of the results release. While the information is furnished and not deemed 'filed' for certain legal purposes, it provides crucial insights into the company's financial health, revenue generation, profitability, and any significant business developments during the quarter. Investors are encouraged to review the detailed financial statements and accompanying commentary to assess the company's performance against expectations and its strategic direction.
GE Vernova Inc. 8-K Report, Acquisition Completed (Jul 23, 2025)
GE Vernova Inc. (GEV) has filed a Current Report on Form 8-K to announce its second-quarter 2025 financial results. The official release of these results occurred on July 23, 2025, and the detailed financial information, including revenue, profitability, and segment performance, is available on the company's investor relations website. Investors should refer to the press release, attached as Exhibit 99 to this filing, for comprehensive details regarding the company's operational and financial condition during the second quarter. This filing serves as a notification of the financial results release, with the actual financial data contained within the exhibit. While this information is furnished and not deemed 'filed' for certain regulatory purposes, it represents the company's official disclosure of its performance. Investors are encouraged to review the full press release for a thorough understanding of GE Vernova's performance and any forward-looking statements or guidance provided.
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