GEV FY 2024 Earnings Report — GE Vernova Inc. Revenue & Financial Results | Market Cap Arena

GE Vernova Inc.GEV

FY 2024 Earnings

Reported February 6, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$34.9B	—	$33.2B	—	5.1%
Op. Income	$787M	—	-$923M	—	185.3%
Gross Margin	18.1%	—	14.5%	—	3.6pp
Net Margin	4.4%	—	-1.3%	—	5.8pp
EPS (Diluted)	$5.58	—	$-1.61	—	446.6%
Free Cash Flow	$1.7B	—	$442M	—	284.6%

Revenue Flow

Item	Amount
REVENUE	$34.9B
Cost of Revenue	$28.6B
GROSS PROFIT	$6.3B
R&D Expenses	$982M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.5B
Other Expenses	$0
Operating Expenses	$5.5B
Cost & Expenses	$34.2B
OPERATING INCOME	$787M
Interest Income	$186M
Interest Expense	$0
Other Income/Expenses	$1.7B
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$939M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$1.1B
EBIT	$2.5B
EBITDA	$3.6B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$34.9B
Cost of Revenue	$28.6B
GROSS PROFIT	$6.3B
R&D Expenses	$982M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.5B
Other Expenses	$0
Operating Expenses	$5.5B
Cost & Expenses	$34.2B
OPERATING INCOME	$787M
Interest Income	$186M
Interest Expense	$0
Other Income/Expenses	$1.7B
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$939M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$1.1B
EBIT	$2.5B
EBITDA	$3.6B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$0
Deferred Income Tax	$316M
Other Non-Cash Items	-$1.8B
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$883M
Acquisitions (Net)	$0
Purchases of Investments	-$114M
Sales/Maturities of Investments	$244M
Other Investing Activities	$716M
NET CASH FROM INVESTING	-$37M
Net Debt Issuance	-$23M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3.7B
NET CASH FROM FINANCING	$3.7B
FREE CASH FLOW	$1.7B
Net Change in Cash	$6.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.2B
Short-Term Investments	$0
Net Receivables	$16.8B
Inventory	$7.8B
Other Current Assets	$558M
TOTAL CURRENT ASSETS	$34.2B
PP&E (Net)	$5.2B
Goodwill	$4.3B
Intangible Assets	$813M
Long-Term Investments	$2.1B
Tax Assets	$1.6B
Other Non-Current Assets	$4.1B
TOTAL NON-CURRENT ASSETS	$18.1B
TOTAL ASSETS	$51.5B
Account Payables	$4.9B
Short-Term Debt	$241M
Deferred Revenue	$17.6B
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$31.7B
Long-Term Debt	$572M
Deferred Revenue NC	$157M
Deferred Tax Liabilities	$827M
Other Non-Current Liabilities	$6.8B
TOTAL NON-CURRENT LIABILITIES	$9.2B
TOTAL LIABILITIES	$40.9B
Common Stock	$3M
Additional Paid-In Capital	$9.7B
Retained Earnings	$1.6B
Treasury Stock	-$43M
Accum. Other Comp. Income	-$1.8B
Other Equity	$1M
TOTAL STOCKHOLDERS' EQUITY	$9.5B
Minority Interest	$1.0B
TOTAL EQUITY	$10.6B
TOTAL LIABILITIES & EQUITY	$51.5B
Total Debt	$1.6B
Net Debt	-$6.6B