← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
GE Vernova, the power-equipment maker spun out of GE in 2024, grew revenue 9.0% to $38.07B and more than doubled free cash flow to $3.71B, while its backlog rose to $150.2 billion
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 9.0% to $38.07B; backlog $119.0 billion to $150.2 billionOK
- Profitability — Operating margin up 230 bps to 3.65%; net income $4.88B helped by a tax benefitOK
- Cash flow — Free cash flow up 118.2% to $3.71BOK
- Balance sheet — Total debt $63M; cash, cash equivalents and restricted cash $8.8 billionOK
- Accounting — No manipulation flag; earnings quality safe; distress score lowWatch
- Capital allocation — Buybacks $3.32B; first dividends $0.28B; Prolec GE purchase agreedNote
Business
GE Vernova, headquartered in Cambridge, Massachusetts, makes and services equipment that generates and moves electricity: gas, steam, nuclear and hydro power equipment, grid and power-conversion gear, and onshore and offshore wind turbines. It became an independent company when GE completed its spin-off on April 2, 2024. Services, largely long-term agreements on its installed base, were $17.13B of 2025 revenue.
Where the revenue comes from
Fiscal 2025, as GE Vernova Inc. reports it. History and quarterly detail are in the app.
- Equipment$20.9B
- Services$17.1B
Leadership changes
From GE Vernova Inc.'s own filings, the day they're filed.
- K. Also · director · appointmenteff. 2024-05-16
- Stephen Angel · Director · appointmenteff. 2024-03-27
- Qualifying Termination · departure
Latest filings
- 8-K · Company announcement2026-08-27
- 8-K · Company announcement2026-07-22
- 10-Q · Quarterly report2026-07-22
- 8-K · Company announcement2026-05-22
- 8-K · Company announcement2026-04-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about GE Vernova Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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