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GEV · NYSE · United States · Electronic & Other Electrical Equipment (No Computer Equip)
In shortGE Vernova Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+9.0% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 3.6% | 29/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 12.8% | 71/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 47.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.6% | 64/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.98× | 15/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.03× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.62 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.7% | 59/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.76× | 57/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 4 | 50/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 3.5% | 98/100 |
| Operating margin volatility | 5.9% | 56/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.7% | 65/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 29,654 | 33,239 | 34,935 | 38,068 |
| Cost of revenue | 26,196 | 28,421 | 28,850 | 30,533 |
| Gross profit | 3,458 | 4,818 | 6,085 | 7,535 |
| Research & development | 979 | 896 | 982 | 1,197 |
| Selling, general & admin | 5,360 | 4,845 | 4,632 | 4,949 |
| Operating income | (2,881) | (923) | 471 | 1,388 |
| Pre-tax income | (2,474) | (130) | 2,498 | 2,828 |
| Income tax | 248 | 344 | 939 | (2,051) |
| Net income | (2,736) | (438) | 1,552 | 4,884 |
| Diluted EPS | −$10.00 | −$1.60 | $5.58 | $17.69 |
| Diluted shares (millions) | 274 | 274 | 278 | 276 |
0.62 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 22, 2026