Value20242025TTMSelling/general/admin expenses4.63 B4.95 B4.95 BResearch & development982 M1.2 B1.2 BOperating income471 M1.39 B1.39 BNon-Operating Income, Total1.46 B1.25 B1.08 BInterest expense, net of interest capitalized———Non-Operating Income, excl. Interest Expenses91 M453 M283 MUnusual income/expense1.37 B795 M795 MPretax income2.5 B2.83 B2.83 BEquity in earnings53 M269 M269 MTaxes939 M-2.05 B-2.05 BNon-controlling/minority interest7 M-4 M-4 MAfter tax other income/expense———Net income before discontinued operations1.55 B4.88 B4.88 BDiscontinued operations———Net income1.55 B4.88 B4.88 BDilution adjustment———Preferred dividends———Diluted net income available to common stockholders1.55 B4.88 B4.88 BBasic earnings per share (Basic EPS)5.6517.9217.91Diluted earnings per share (Diluted EPS)5.5817.6917.69Average basic shares outstanding275 M272 M1.09 BDiluted shares outstanding278 M276 M1.11 BEBITDA912 M1.72 B1.72 BEBIT-260 M864 M687 MCost of revenue28.85 B30.53 B30.53 BOther cost of goods sold———Depreciation & amortization (cash flow)1.17 B853 M1.03 B
GE Vernova Inc.
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and management of electricity.
GE Vernova was formed as part of the breakup of General Electric, which was founded in 1892 through the merger of Thomas Edison's Edison General Electric Company and Thomson-Houston Electric Company. In November 2021, GE announced plans to split into three independent public companies. GE HealthCare was spun off in January 2023, followed by the spin-off of GE's energy businesses in April 2024 to create GE Vernova from the merger of GE Power, GE Renewable Energy, GE Digital, and GE Energy Financial Services. The remaining aviation business became GE Aerospace.