See more : AXELL Corporation (6730.T) Income Statement Analysis – Financial Results
Complete financial analysis of GE Vernova Inc. (GEV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GE Vernova Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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GE Vernova Inc. (GEV)
About GE Vernova Inc.
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 33.24B | 29.65B | 33.01B |
| Cost of Revenue | 28.27B | 26.00B | 27.69B |
| Gross Profit | 4.97B | 3.65B | 5.31B |
| Gross Profit Ratio | 14.94% | 12.31% | 16.10% |
| Research & Development | 896.00M | 979.00M | 1.01B |
| General & Administrative | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 4.85B | 4.41B | 4.68B |
| Other Expenses | 0.00 | 387.00M | 396.00M |
| Operating Expenses | 5.89B | 5.39B | 5.69B |
| Cost & Expenses | 34.16B | 31.40B | 33.38B |
| Interest Income | 0.00 | 42.00M | 71.00M |
| Interest Expense | 71.00M | 151.00M | 172.00M |
| Depreciation & Amortization | 964.00M | 991.00M | 1.18B |
| EBITDA | 932.00M | -1.33B | 484.00M |
| EBITDA Ratio | 2.80% | -2.54% | 2.42% |
| Operating Income | -923.00M | -1.74B | -378.00M |
| Operating Income Ratio | -2.78% | -5.88% | -1.15% |
| Total Other Income/Expenses | 793.00M | 407.00M | 20.00M |
| Income Before Tax | -130.00M | -2.47B | -864.00M |
| Income Before Tax Ratio | -0.39% | -8.34% | -2.62% |
| Income Tax Expense | 344.00M | 248.00M | -140.00M |
| Net Income | -438.00M | -2.74B | -633.00M |
| Net Income Ratio | -1.32% | -9.23% | -1.92% |
| EPS | -1.98 | -10.06 | -2.33 |
| EPS Diluted | -1.98 | -10.06 | -2.33 |
| Weighted Avg Shares Out | 272.08M | 272.08M | 272.08M |
| Weighted Avg Shares Out (Dil) | 272.08M | 272.08M | 272.08M |
GE Vernova's Rally Could Continue as Wind Business Gains Ground
Shares of energy business GE Vernova LLC NYSE: GEV surged to all-time highs at the end of August, the first time the firm's stock ascended to $200 per share since it was spun off from parent company General Electric Co....
GE Vernova (GEV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
GE Vernova (GEV) concluded the recent trading session at $198.44, signifying a -0.6% move from its prior day's close.
GE Vernova Stock Rises as Analysts Deliver Bullish Call Amid Surge in Power Demand
GE Vernova (GEV) shares rose Wednesday as the power company received a "buy" rating from Jefferies analysts, who said the company is "uniquely positioned" to benefit from the surging demand for power across the globe to power facilities like data...
GE Vernova Gets a Bold Call From Wall Street. The Stock Is Jumping.
An analyst now covering the stock appears to be the most bullish of them all.
Is GE Vernova (GEV) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
GE Vernova buys remaining stake in Saudi JV from Dussur
U.S. power equipment maker GE Vernova said on Monday it has acquired the remaining ownership stake in a Saudi gas turbine producing joint venture from state-owned Dussur.
GE Vernova blames latest offshore wind blade failure on high winds, shares rise
Energy equipment maker GE Vernova on Friday said recent turbine blade failures at two offshore wind farms in the United States and the United Kingdom are unrelated and blamed the latest mishap on strong winds.
5 Things to Know Before the Stock Market Opens
Investors are watching for key July inflation data, shares of Dell (DELL) and MongoDB (MDB) are rising in pre-market trading on their better-than-expected quarterly results, and Intel (INTC) is gaining after a report the chipmaker is considering splitting off its...
GE Vernova Stock Hits Record High Amid AI Power Demand Optimism
GE Vernova (GEV) shares jumped Thursday to their all-time high after William Blair analyst Jed Dorsheimer initiated coverage of the power-generation equipment and services company with an "outperform" rating, citing the demand for energy to run artificial intelligence (AI) products.
GE Vernova Stock Surges 31% YTD: Should You Buy Now or Later?
GEV rides on rising electricity demand and enhancing grid modernization efforts, despite inflation pressure and the challenges it faces in the wind market.
Source: https://incomestatements.info
Category: Stock Reports