GE VERNOVA INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 63 | 0.6 |
| Stockholders' equity | 11,178 | 99.4 |
| Total capitalization | 11,241 | 100.0 |
266,333,581 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 22 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Short-term borrowings / commercial paper | 63 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,000,000,000 |
| Common shares issued | 269,529,464 |
| Treasury shares | 8,397,266 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 6/30/26 | 266,333,581 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.25 | 7.1 |
| 2024 | 0.25 | 4.5 |
| 2023 | – | – |
| 2022 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as GE Vernova LLC (to 13 March 2024).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3600, Electronic & Other Electrical Equipment (No Computer Equip). Large accelerated filer. Principal executive office: 58 Charles Street, Cambridge, MA 02141. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 38,068 | 34,935 | 33,239 |
| Cost of revenues | 30,533 | 28,850 | 28,421 |
| Gross profit | 7,535 | 6,085 | 4,818 |
| Research and development | 1,197 | 982 | 896 |
| Selling, general and administrative | 4,949 | 4,632 | 4,845 |
| Depreciation and amortization | 615 | 895 | 724 |
| Operating income | 1,388 | 471 | (923) |
| Income before income taxes | 2,828 | 2,498 | (130) |
| Income taxes | (2,051) | 939 | 344 |
| Net income | 4,884 | 1,552 | (438) |
| Earned per share, diluted ($) | 17.69 | 5.58 | (1.60) |
| Dividends per share ($) | 1.25 | 0.25 | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Receivables, net | 9,803 | 8,177 |
| Inventories | 10,429 | 8,587 |
| Total current assets | 40,216 | 34,153 |
| Goodwill | 4,439 | 4,263 |
| Total assets | 63,016 | 51,485 |
| Total current liabilities | 40,972 | 31,685 |
| Total liabilities | 50,720 | 40,892 |
| Stockholders' equity | 11,178 | 9,546 |
| Total liabilities and equity | 63,016 | 51,485 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 38,068 | 1,388 | 4,884 | 12.8 | 17.69 | 1.25 | 4,987 | 1,277 | 3,710 | 63,016 | 50,720 | 63 | 11,178 | 43.7 | 0.01 |
| 12/31/24 | 34,935 | 471 | 1,552 | 4.4 | 5.58 | 0.25 | 2,583 | 883 | 1,700 | 51,485 | 40,892 | 60 | 9,546 | 16.3 | 0.01 |
| 12/31/23 | 33,239 | (923) | (438) | -1.3 | (1.60) | – | 1,186 | 744 | 442 | 46,121 | 37,741 | 145 | 7,416 | -5.9 | 0.02 |
| 12/31/22 | 29,654 | (2,881) | (2,736) | -9.2 | (10.00) | – | (114) | 513 | (627) | – | – | – | 11,607 | -23.6 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
GE Vernova Inc.
CIK 1996810 · EIN 46-1480316
PRINCIPAL OFFICE:
58 Charles Street, Cambridge, MA 02141
Tel.: 617-674-7555
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3600 · Electronic & Other Electrical Equipment (No Computer Equip)
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 29 January 2026
FORMER NAMES:
GE Vernova LLC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/29/26) · 10-K FY2024 (filed 2/6/25). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.