GEVGE Vernova

Industrials · Electrical Equipment · NYSE

GEV and 9 peers, year by year

The 9 Industrials companies closest to GEV in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
GEV GE Vernova	FY2025	$38.1B	+9.0%	19.8%	3.6%	12.8%	9.7%	43.7%	0.03
NOC Northrop Grumman	FY2025	$42.0B	+2.2%	-	10.8%	10.0%	7.9%	25.1%	0.94
DE Deere & Company	FY2025	$45.7B	−11.7%	-	-	11.0%	13.4%	19.4%	0.53
HON Honeywell Technologies	FY2025	$37.4B	+7.8%	-	21.7%	12.6%	14.5%	34.0%	2.49
PWR Quanta Services	FY2025	$28.5B	+20.3%	15.0%	5.7%	3.6%	5.7%	11.5%	0.67
CMI Cummins	FY2025	$33.7B	−1.3%	25.3%	12.0%	8.4%	7.1%	23.0%	0.59
GE GE Aerospace	FY2025	$45.9B	+18.5%	-	-	19.0%	15.8%	46.6%	1.10
FERG Ferguson Enterprises	FY2025	$30.8B	+3.8%	30.7%	8.5%	6.0%	5.2%	31.8%	0.72
ETN Eaton Corporation	FY2025	$27.4B	+10.3%	-	-	14.9%	12.9%	21.0%	0.51
GD General Dynamics	FY2025	$52.5B	+10.1%	-	10.2%	8.0%	7.5%	16.4%	0.35

Revenuepeer median $37.4B

Sales growthpeer median +7.8%

Gross marginpeer median 25.3%

FERG 30.7%
CMI 25.3%
GEV 19.8%
PWR 15.0%
NOC -
DE -
HON -
GE -
ETN -
GD -

Operating marginpeer median 10.5%

HON 21.7%
CMI 12.0%
NOC 10.8%
GD 10.2%
FERG 8.5%
PWR 5.7%
GEV 3.6%
DE -
GE -
ETN -

Net marginpeer median 10.0%

FCF marginpeer median 7.9%

GE 15.8%
HON 14.5%
DE 13.4%
ETN 12.9%
GEV 9.7%
NOC 7.9%
GD 7.5%
CMI 7.1%
PWR 5.7%
FERG 5.2%

Return on equitypeer median 23.0%

Debt / equitypeer median 0.67

HON 2.49
GE 1.10
NOC 0.94
FERG 0.72
PWR 0.67
CMI 0.59
DE 0.53
ETN 0.51
GD 0.35
GEV 0.03

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2022 to FY2025

Revenue as reported in the 10-K.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	$29.7B	$33.2B	$34.9B	$38.1B
NOC Dec	$36.6B	$39.3B	$41.0B	$42.0B
DE Nov	$52.6B	$61.3B	$51.7B	$45.7B
HON Dec	$35.5B	$33.0B	$34.7B	$37.4B
PWR Dec	$17.1B	$20.9B	$23.7B	$28.5B
CMI Dec	$28.1B	$34.1B	$34.1B	$33.7B
GE Dec	$29.1B	$35.3B	$38.7B	$45.9B
FERG Jul	$28.6B	$29.7B	$29.6B	$30.8B
ETN Dec	$20.8B	$23.2B	$24.9B	$27.4B
GD Dec	$39.4B	$42.3B	$47.7B	$52.5B
Peer median	$29.1B	$34.1B	$34.7B	$37.4B

Sales growth, FY2022 to FY2025

Revenue against the fiscal year before.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	-	+12.1%	+5.1%	+9.0%
NOC Dec	+2.6%	+7.3%	+4.4%	+2.2%
DE Nov	+19.4%	+16.5%	−15.6%	−11.7%
HON Dec	+3.1%	+3.4%	+5.2%	+7.8%
PWR Dec	+31.5%	+22.3%	+13.4%	+20.3%
CMI Dec	+16.9%	+21.3%	+0.1%	−1.3%
GE Dec	+2.9%	+21.3%	+9.5%	+18.5%
FERG Jul	-	+4.1%	−0.3%	+3.8%
ETN Dec	+5.7%	+11.8%	+7.3%	+10.3%
GD Dec	+2.4%	+7.3%	+12.9%	+10.1%
Peer median	+4.4%	+11.8%	+5.2%	+7.8%

Gross margin, FY2022 to FY2025

Gross profit / revenue.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	11.7%	14.5%	17.4%	19.8%
NOC Dec	-	-	-	-
DE Nov	-	-	-	-
HON Dec	-	-	-	-
PWR Dec	14.8%	14.1%	14.8%	15.0%
CMI Dec	23.9%	24.2%	24.7%	25.3%
GE Dec	-	-	-	-
FERG Jul	30.7%	30.4%	30.5%	30.7%
ETN Dec	-	-	-	-
GD Dec	-	-	-	-
Peer median	23.9%	24.2%	24.7%	25.3%

Operating margin, FY2022 to FY2025

Operating income / revenue.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−9.7%	−2.8%	1.3%	3.6%
NOC Dec	9.8%	6.5%	10.6%	10.8%
DE Nov	18.1%	21.2%	17.5%	-
HON Dec	22.6%	22.9%	22.1%	21.7%
PWR Dec	5.1%	5.4%	5.7%	5.7%
CMI Dec	10.4%	5.2%	11.0%	12.0%
GE Dec	-	-	-	-
FERG Jul	9.9%	8.9%	8.9%	8.5%
ETN Dec	-	-	-	-
GD Dec	10.7%	10.0%	10.1%	10.2%
Peer median	10.4%	8.9%	10.6%	10.5%

Net margin, FY2022 to FY2025

Net income / revenue.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−9.2%	−1.3%	4.4%	12.8%
NOC Dec	13.4%	5.2%	10.2%	10.0%
DE Nov	13.6%	16.6%	13.7%	11.0%
HON Dec	14.0%	17.1%	16.4%	12.6%
PWR Dec	2.9%	3.6%	3.8%	3.6%
CMI Dec	7.7%	2.2%	11.6%	8.4%
GE Dec	1.2%	26.8%	16.9%	19.0%
FERG Jul	7.4%	6.4%	5.9%	6.0%
ETN Dec	11.9%	13.9%	15.3%	14.9%
GD Dec	8.6%	7.8%	7.9%	8.0%
Peer median	8.6%	7.8%	11.6%	10.0%

Free cash flow, FY2022 to FY2025

Cash from operations minus capital spending.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−$627.0M	$442.0M	$1.7B	$3.7B
NOC Dec	$1.5B	$2.1B	$2.6B	$3.3B
DE Nov	$3.6B	$7.1B	$7.6B	$6.1B
HON Dec	$4.5B	$4.6B	$5.2B	$5.4B
PWR Dec	$702.7M	$1.1B	$1.5B	$1.6B
CMI Dec	$1.0B	$2.8B	$279.0M	$2.4B
GE Dec	$4.5B	$4.3B	$3.7B	$7.3B
FERG Jul	$859.0M	$2.3B	$1.5B	$1.6B
ETN Dec	$1.9B	$2.9B	$3.5B	$3.6B
GD Dec	$3.5B	$3.8B	$3.2B	$4.0B
Peer median	$1.9B	$2.9B	$3.2B	$3.6B

FCF margin, FY2022 to FY2025

Free cash flow / revenue.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−2.1%	1.3%	4.9%	9.7%
NOC Dec	4.0%	5.3%	6.4%	7.9%
DE Nov	6.8%	11.6%	14.7%	13.4%
HON Dec	12.7%	13.9%	15.1%	14.5%
PWR Dec	4.1%	5.5%	6.2%	5.7%
CMI Dec	3.7%	8.1%	0.8%	7.1%
GE Dec	15.6%	12.2%	9.5%	15.8%
FERG Jul	3.0%	7.7%	5.1%	5.2%
ETN Dec	9.3%	12.4%	14.1%	12.9%
GD Dec	8.8%	9.0%	6.7%	7.5%
Peer median	6.8%	9.0%	6.7%	7.9%

Return on equity, FY2022 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−23.6%	−5.9%	16.3%	43.7%
NOC Dec	32.0%	13.9%	27.3%	25.1%
DE Nov	35.2%	46.7%	31.1%	19.4%
HON Dec	29.7%	35.7%	30.6%	34.0%
PWR Dec	9.1%	11.9%	12.4%	11.5%
CMI Dec	24.0%	8.3%	38.4%	23.0%
GE Dec	1.0%	34.6%	33.9%	46.6%
FERG Jul	45.5%	37.5%	30.9%	31.8%
ETN Dec	14.5%	16.9%	20.5%	21.0%
GD Dec	18.3%	15.6%	17.1%	16.4%
Peer median	24.0%	16.9%	30.6%	23.0%

Debt / equity, FY2022 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	-	0.02	0.01	0.03
NOC Dec	0.84	0.94	1.06	0.94
DE Nov	0.62	0.82	0.59	0.53
HON Dec	1.17	1.29	1.67	2.49
PWR Dec	0.69	0.67	0.57	0.67
CMI Dec	0.85	0.72	0.65	0.59
GE Dec	0.71	0.80	1.00	1.10
FERG Jul	-	0.75	0.70	0.72
ETN Dec	0.51	0.49	0.50	0.51
GD Dec	0.64	0.46	0.47	0.35
Peer median	0.70	0.75	0.65	0.67

EPS (diluted), FY2022 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2022	FY2023	FY2024	FY2025
GEV Dec	−$10.00	−$1.60	$5.58	$17.69
NOC Dec	$31.47	$13.53	$28.34	$29.08
DE Nov	$23.28	$34.63	$25.62	$18.50
HON Dec	$14.54	$16.94	$17.42	$14.72
PWR Dec	$3.32	$5.00	$6.03	$6.80
CMI Dec	$15.12	$5.15	$28.37	$20.50
GE Dec	$0.05	$8.36	$5.99	$8.14
FERG Jul	$9.69	$9.12	$8.53	$9.32
ETN Dec	$6.14	$8.02	$9.50	$10.45
GD Dec	$12.19	$12.02	$13.63	$15.45
Peer median	$12.19	$9.12	$13.63	$14.72

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out GEV and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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