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Screener / SEC EDGAR /CIK 0001996810 /10-K filed Jan 29, 2026, compared with Feb 6, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
GEVDENOCCMIHONPWR
NYSE Industrials · Electrical Equipment

GE Vernova GEV

GEV quote by TradingView

INTRODUCTION. GE Vernova Inc. (the Company, GE Vernova, our, we, or us) is a global leader in the electric power industry, with products and services that generate, transfer, orchestrate, convert, and store electricity. 10-K, Item 1

Employees
3,000
Headquarters
Cambridge, MA
CEO
Scott Strazik
Next results
around Jan 27, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $38.1B through the costs to a net profit of $4.9B · income statement of the 10-K

4% operating margin
Revenue to Gross profit: $7.5BRevenue to Cost of revenue: $30.5BGross profit to Operating profit: $1.4BGross profit to Operating expenses: $6.1BOperating profit to Net profit: $1.4BOther income to Net profit: $3.5BOperating expenses to R&D: $1.2BOperating expenses to SG&A: $5.0B Revenue: $38.1B REVENUE $38.1B +9% Y/Y Gross profit: $7.5B · 20% margin GROSS PROFIT $7.5B 20% margin · +24% Y/Y Cost of revenue: $30.5B · 80% of revenue COST OF REVENUE $30.5B 80% of revenue Operating profit: $1.4B · 4% margin OPERATING PROFIT $1.4B 4% margin · +195% Y/Y Other income: $3.5B · 9% of revenue OTHER INCOME $3.5B 9% of revenue Operating expenses: $6.1B · 16% of revenue OPERATING EXPENSES $6.1B 16% of revenue Net profit: $4.9B · 13% margin NET PROFIT $4.9B 13% margin · +215% Y/Y R&D: $1.2B · 3% of revenue R&D $1.2B 3% of revenue SG&A: $5.0B · 13% of revenue SG&A $5.0B 13% of revenue
Gross profit $7.5B 20% margin · +24% Y/Y
Operating profit $1.4B 4% margin · +195% Y/Y
Net profit $4.9B 13% margin · +215% Y/Y
The full income statement, year by year

GEV among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 9.0%, above 78% of 81 peers (their median 4.6%) REVENUE GROWTH 9.0% · above 78% Gross margin: 21.7%, above 10% of 51 peers (their median 38.6%) GROSS MARGIN 21.7% · above 10% Operating margin: 6.4%, above 11% of 71 peers (their median 17.5%) OPERATING MARGIN 6.4% · above 11% Net margin: 23.5%, above 94% of 81 peers (their median 13.0%) NET MARGIN 23.5% · above 94% FCF margin: 38.9%, above 100% of 78 peers (their median 13.0%) FCF MARGIN 38.9% · above 100% Return on capital: 16.9%, above 71% of 65 peers (their median 13.8%) RETURN ON CAPITAL 16.9% · above 71%
GEV Peer median Below the median

What changed

376 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Jan 29, 2026 against Feb 6, 2025.

Risk factors
376 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +19.9% vs revenue +9.0% (+10.9 pts)
10-K · XBRL
Inventory growing faster than revenue
Inventory +21.5% vs revenue +9.0% (+12.5 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +19.9% vs revenue +9.0% (+10.9 pts)
  • Inventory growing faster than revenue
    Inventory +21.5% vs revenue +9.0% (+12.5 pts)
  • Cash from operations $5.0B vs net income $4.9B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: The Company enters into long-term service agreements with customers within its Power segment. These agreements require the Company; Our auditing procedures over the estimates and key assumptions described above related to the amount and timing of revenue recognition
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

376 paragraphs in Risk Factors that were not in the 10-K filed Feb 6, 2025. Quoted as filed.

All 376 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    Quality issues among our products, solutions, and services could cause us to incur significant costs, reduce demand for our products and services, lead to claims for damages or regulatory actions, and harm our business or reputation. We design,
  2. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    Disruptions or capacity constraints at our manufacturing and operating facilities could delay deliveries, increase costs, damage customer relationships, and limit our ability to meet demand for our products and services, and planned capacity expansions may not result in the benefits we expect if demand does not meet expectations. We…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    We may fail to execute and accurately estimate long-term service obligations. We enter into long-term service agreements with many
  4. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    Power, depends on our ability to execute and estimates of product durability and reliability, our costs to deliver products and services over time, and the availability of cost-reducing materials, technology, and skilled technicians. Under such agreements for our long-cycle businesses, errors in estimating, planning, or execution may…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$29.7B$33.2B$34.9B$38.1B
Net income−$2.7B−$438.0M$1.6B$4.9B
Operating cash flow−$114.0M$1.2B$2.6B$5.0B
Free cash flow−$627.0M$442.0M$1.7B$3.7B

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$38.1B ▲ 9.0% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

GE Vernova, Cambridge, MA · from the 10-K filed Jan 29, 2026

INTRODUCTION. GE Vernova Inc. (the Company, GE Vernova, our, we, or us) is a global leader in the electric power industry, with products and services that generate, transfer, orchestrate, convert, and store electricity. We design, manufacture, deliver, and service technologies to create a more reliable, secure, and sustainable electric power system, enabling electrification and decarbonization, underpinning the progress and prosperity of the communities we serve. We are a purpose-built company, positioned with a unique scope

Headquarters
Cambridge, MA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Employees, at the top of the page: "In addition, we have over 3,000 employees in quality or environmental, health, and safety (EHS) roles, critical disciplines for our success as a company" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Jan 29, 2026 (open at SEC), compared with the 10-K filed Feb 6, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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