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GE Vernova (GEV) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Industrials•Specialty Industrial Machinery
B
GoodMetricSide Score: 78/100
ProfitabilityProfit23/30
GrowthGrowth25/25
Balance SheetBalance17/25
Cash QualityCash13/20
Price & Volume
Market Cap $299.43B

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.

Moat Signals

Competitive analysis based on 9 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 3.0%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Moderate Moat

ROE averages 30.4% but has fluctuated — the competitive advantage may be cyclical or emerging.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 9 quarters

Some Concerns

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$39.38B
10.3%
Q. Revenue
$9.34B
TTM EBITDA
$1.52B
89.8%
TTM Op. Income
$1.52B
89.8%
Q. Op. Income
$179.00M
TTM Net Income
$9.38B
384.2%
Q. Net Income
$4.75B
EPS
$17.65
Shares Out.
$269.00M
2.2%
$39.38B in TTM revenue grew 10.3% YoY, reaching $9.34B last quarter. TTM EBITDA of $1.52B and TTM operating income of $1.52B shows growth is flowing through. Net income of $9.38B TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
19.1%
4.2%
EBITDA Margin
1.9%
Op. Margin
1.9%
258.0%
Net Margin
50.8%
1506.7%
Op. margin of 1.9% is up 1.4% YoY — cost efficiency is improving. Net margin at 50.8% and gross margin of 19.1% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
31.9x
P/S Ratio
7.6x
P/B Ratio
21.5x
At 31.9x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 7.6x and P/B of 21.5x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$75.61B
Cash
$10.17B
Long-Term Debt
N/A
Book Value
$13.92B
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$5.19B
Free Cash Flow
$4.79B
391.4%
FCF Margin
12.2%
FCF / Net Income
1.0
FCF of $4.79B on $5.19B in operating cash flow. The FCF / Net Income ratio of 0.5x indicates partial cash conversion — earnings quality needs attention.

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