Investment Thesis
GE Vernova demonstrates strong operational efficiency with a 12.8% net margin and impressive 43.7% ROE, supported by solid revenue growth of 9.0% YoY and robust free cash flow generation of $3.7B. However, liquidity concerns with a 0.98x current ratio and high leverage (50.7B liabilities vs 11.2B equity) present meaningful financial risks that warrant monitoring.
GEV Strengths
- Exceptional profitability with 43.7% ROE and 12.8% net margin indicating efficient capital deployment
- Strong free cash flow generation of $3.7B with 9.7% FCF margin providing financial flexibility
- Revenue growth of 9.0% YoY demonstrates market demand and business expansion
- Substantial cash position of $8.8B providing operational cushion
GEV Risks
- Tight liquidity position with current ratio of 0.98x suggesting potential short-term cash flow challenges
- High leverage with total liabilities at 4.5x stockholders equity raises financial stability concerns
- Operating margin of only 3.6% despite strong net margin indicates heavy non-operating benefits or favorable one-time items
- Missing long-term debt data limits ability to fully assess debt maturity profile and refinancing risk
Key Metrics to Watch
- Current ratio and working capital trends to ensure liquidity sustainability
- Operating margin expansion to verify profitability is sustainable at operational level
- Debt/Equity ratio and long-term debt levels to monitor leverage trajectory
- Free cash flow conversion rate and capital expenditure intensity
GEV Financial Metrics
GEV Profitability Ratios
GEV Balance Sheet & Liquidity
GEV 5-Year Financial Trend
5-Year Trend Summary: GE Vernova Inc.'s revenue has shown modest growth of 9% over the 5-year period. The most recent EPS of $-1.60 indicates the company is currently unprofitable.
GEV Growth Metrics (YoY)
GEV Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $8.9B | -$96.0M | $-0.35 |
| Q2 2025 | $8.2B | $514.0M | $1.86 |
| Q1 2025 | $7.3B | -$130.0M | $-0.47 |
| Q3 2024 | $8.3B | -$96.0M | $-0.35 |
| Q2 2024 | $8.1B | -$150.0M | $-0.55 |
| Q1 2024 | $6.8B | -$130.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
GEV Capital Allocation
GEV SEC Filings
Access official SEC EDGAR filings for GE Vernova Inc. (CIK: 0001996810)