GE Vernova (GEV)

Industrials · $220B market cap · SEC CIK 0001996810

Next reports on Jan 26, 2027, before the open, with analysts expecting $6.61 in earnings per share.

52-week range $530.16 to $1,196. 33% below its 52-week high and 50% above its low.

The case for GEV

• Earns 86% on shareholder equity, a figure flattered by a small equity base.
• 24% of revenue drops through to net profit.
• Revenue growing 16.9% year over year.
• Earnings per share up 521.9%.
• Reasonably priced for its growth: 21.2× earnings, where 17% a year of growth would justify about 34×.
• Barely leveraged. Debt is 0.25× equity.

The case against

• Priced at 22× book value. Very little hard asset backing here.
• Current liabilities exceed current assets (ratio 0.83).
• Stability is weak (42/100): beta 1.09, a 56% swing over the year.
• Free-cash-flow yield of 1.7% is lower than 93% of Industrials companies.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.

The financials

The financials, five years deep

Pulled from GE Vernova's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What GE Vernova says it does

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 and scale of solutions to help accelerate the energy transition, while servicing and growing our installed base and strengthening our own profitability and stockholder returns. We have a strong history of innovation, which is a key strength enabling us to meet our customers’ needs. The breadth of our portfolio also enables us to provide an extensive range of technologies and integrated solutions to help advance our…

Risk factors GEV lists in its 10-K

• 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
• Significant supply chain and logistics disruptions, including volatility in the cost or availability of critical materials and
• components, could delay or impact our ability to deliver on customer obligations, increase costs, and expose us to contractual
• 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 may fail to achieve anticipated cost savings
• We may fail to execute and accurately estimate long-term service obligations
• We may fail to compete successfully in the highly-competitive global markets in which we operate
• Our business success is dependent upon our ability to innovate and successfully commercialize new technologies in fast-
• changing markets, and manage our product cycles
• We may not realize the benefits we expect from our strategic transactions
• Joint ventures, consortiums, and other third-party collaborations expose us to partner, governance, compliance, and financial
• risks that could impose additional costs and obligations, cause reputational harm and adversely affect our business, results of
• operations, cash flows, financial condition, or prospects
• Issues with grid connectivity and customers’ ability to sell generated electricity could delay projects, reduce output, demand and
• revenues, increase costs, and cause reputational harm
• Our failure to manage customer and counterparty relationships and contracts could adversely affect our financial results
• Our ability to maintain our investment grade credit ratings could affect our ability to access capital, increase our interest rates,
• and limit our ability to secure new contracts or business opportunities
• Fixed‑price customer contracts expose us to reduced margins and project loss risks if costs exceed expectations
• We may not be able to access the capital and credit markets or obtain other financing on terms that are favorable to us, or at all
• We are subject to decarbonization and energy-transition dynamics, including shifting policies, market economics, and
• Changes in energy, environmental, and tax policies may reduce demand for our products and undermine project economics
• Operating globally, especially in emerging markets, creates complex legal, regulatory, and compliance risks
• Major events beyond our control, such as natural disasters, the physical effects of climate change, pandemics, and others, may
• increase our cost of doing business or disrupt our operations
• Geopolitical events beyond our control may impact or increase our cost of doing business or disrupt our operations
• Failure to meet expectations, standards, or our goals for sustainability could harm our business and reputation
• International trade policies could limit market access, disrupt supply chains and operations, raise costs, and harm our
• Failure to obtain, maintain, or comply with approvals, licenses, and permits could disrupt operations and growth
• Compliance with EHS laws and regulations could result in significant costs, sanctions, operational restrictions, and reputational
• Claims, litigation, regulatory proceedings, and enforcement actions could be costly, disruptive, and unpredictable
• Noncompliance with antitrust and competition laws could result in fines, sanctions, business restrictions, and reputational harm
• Noncompliance with government contracting and procurement laws and rules could result in penalties, contract loss, or
• Failure to comply with financial services regulations or manage conflicts of interest could result in enforcement actions and
• We may fail to secure, successfully deploy, and protect our IP or defend against third party IP claims
• We do not own GE trademarks and use them under a license agreement that, if terminated, could require costly rebranding and
• Security or data privacy incidents or disruptions of our or our third parties’ information technology systems could adversely
• Evolving and divergent global data privacy and protection requirements, and any failure to comply with them or adequately
• safeguard personal information, could lead to significant costs, fines, litigation, operational restrictions, and reputational harm
• Inability to attract, retain, and safely deploy highly qualified personnel could impair execution of our strategy and adversely affect
• our operations, reputation, and financial results
• Significant postretirement benefit obligations and volatility in assumptions and asset returns could increase required
• contributions and expenses and adversely affect our earnings, cash flows, and financial condition
• Labor disputes, collective bargaining obligations, and other labor actions could disrupt our operations and increase our costs
• Volatility in foreign currency exchange rates may adversely affect our financial condition, results of operation, and cash flows
• Future impairments of long-lived assets, including goodwill, could result in significant non-cash charges
• Changes in tax laws and rates, adverse positions taken by taxing authorities, and tax audits could increase our tax obligations
• and our ability to use deferred tax assets may be subject to limitation
• The Spin-Off could result in significant tax liability to
• and its stockholders if it is determined to be a taxable transaction and
• we may have corresponding indemnification obligations
• The Tax Matters Agreement limits us from taking certain actions and may require us to indemnify GE significant amounts
• We may not realize expected benefits from the Spin-Off
• Our stock price may be volatile, and we could face securities litigation
• We may not achieve our targeted return of cash to stockholders
• Future equity issuances, including equity compensation, may dilute stockholders
• Anti-takeover provisions and Delaware law may deter transactions and limit stockholder rights
• Exclusive forum provisions may limit stockholders’ choice of judicial forum

Filings

Other Industrials companies