GE Vernova Inc.GEV
NYSE•Industrials•Specialty Industrial Machinery
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.
GE Vernova Inc. (GEV) reported trailing twelve months revenue of $39.38B as of March 2026, a 10.3% increase year-over-year. Quarterly revenue reached $9.34B, reflecting continued top-line momentum.
GE Vernova Inc. generated $9.38B in TTM net income, with quarterly EBITDA of $179.00M. The operating margin expanded from 0.5% to 1.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (1.9%) and net margin (50.8%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.2% a year ago, signaling stronger bottom-line efficiency.
GEV trades at a P/E of 23.5x (in line with broad market averages) and a P/S of 5.6x. The price-to-book ratio of 15.8x indicates a significant premium over book value.
The company generated $4.79B in free cash flow over the trailing twelve months, a 391.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $75.61B in total assets with no in long-term debt against $13.92B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 9 quarters of fundamental data
Operating margins are under pressure, averaging 3.0%. The business may lack pricing power or face rising costs.'
ROE averages 30.4% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 9 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation