GE Vernova Inc. (GEV)
Industrials · Heavy Electrical Equipment · US stock · S&P 500 component
$815.00
▼ -12.42 (1.50%)
Fair valueFair
$723 −11.2% to fair value
$362fair band $616–$877$1,085
Day's range
$796.42 – $832.18
52-week range
$530.16 – $1,195.94
About GE Vernova Inc.
GE Vernova is an energy equipment and services company that was separated from General Electric as an independent business. It makes gas turbines and steam equipment for power plants, wind turbines, and electrical gear that helps connect and manage power grids. The company is organised into power, wind and electrification businesses. Customers include utilities, independent power producers, governments and industrial users that build or upgrade electricity generation and grid networks.
The business earns money by supplying large equipment and then servicing it over many years under maintenance agreements. Revenue was $41.4 billion over the last twelve months, growing at 8.7% a year across the last three years, while the operating margin is 4.3%. It earns a profit of 63% on the capital invested in it and has net debt of -5.2 times EBITDA, meaning it holds more cash than debt. The dividend yield is 0.2%. On the site's X-Ray Score it receives 50 out of 100.
GEV news
GE Vernova shares fall 10.64% while reports point to a wider sell-offCopper Slips as Rising Inventories Ease Supply ConcernsCopper premium set at record as supply and demand reports diverge
All GEV news →Price chart
52-wk range $530.16 – $1,195.94Volume 3,857,653Daily, split-adjusted
Vitals
Market cap$220.1B
52-week range$530.16 – $1,195.94
Volume (last day)3,857,653
P/E (TTM)23.4
EBIT / EV yield0.8%
Free-cash-flow yield5.7%
Dividend yield0.2%
Revenue (TTM)$41.4B
Net income (TTM)$9.5B
Operating margin4.3%
Return on capital63.3%
Debt incl. leases$3.7B
Cash & securities$13.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$723middle half of models $669 – $761
Fair
−11.2% to fair value
Average of the 10 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $815
Undervalued < $616Fair $616 – $877Overvalued > $877
P/E multiple
$926
P/B multiple
$659
P/S multiple
$732
EV/EBITDA multiple
$763
EV/EBIT multiple
$888
EV/revenue multiple
$758
10-year DCF, EBITDA exit
$522
5-year DCF, EBITDA exit
$723
10-year DCF, revenue exit
$562
5-year DCF, revenue exit
$701
10-year DCF, growth exit · not used
$55
5-year DCF, growth exit · not used
$80
Dividend discount, stable · not used
$56
Dividend discount, multi-stage · not used
$93
Earnings power value · not used
$65
Growth the price implies
48.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 4.96%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
40/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.8%
Free-cash-flow yield5.7%
Fair value vs price0.9×
Growth
Strong
77/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)8.7%
Growth consistency100%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital63.3%
Operating margin4.3%
Gross profitability10.3%
Financial health
Weak
50/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-5.2×
Interest coverNo interest cost
Dividends
Weak
38/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.2%
Dividends vs free cash flow3%
Quarterly results: last 6 quarters
+10.6%
Mar '25
+11.1%
Jun '25
+11.8%
Sep '25
+3.8%
Dec '25
+16.3%
Mar '26
+21.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.1B, diluted EPS $2.47.
Compare with peers
GNRC Generac Holdings Inc.32Other Heavy Electrical Equipment companies by X-Ray Score.
SWOT analysis: GE Vernova Inc.
Strengthsinside the company
- Return on invested capital is 63.3%, against a median of 14.9% for sector peers.
- Free cash flow equals 5.7% of the market value, which funds dividends, buybacks or debt paydown.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- Operating margin of 4.3% is thin against 17.5% for sector peers.
- Altman Z-score of 0.1 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare GEV with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 44, GE 50, RTX 52, DE 43, UNP 46, BA 36.
| Metric | GEV | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 50 | 51 | 51 |
| Valuation | 40 | 49 | 49 |
| Growth | 77 | 50 | 50 |
| Profitability | 44 | 51 | 51 |
| Financial health | 50 | 49 | 49 |
| Dividends | 38 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
GEV ranks #42 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for GEV
Each factor is rated by where GEV stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 11 Good · 2 Average · 8 Bad of 21
Growth: 2 · 0 · 0
Profitability: 3 · 0 · 2
Financial strength: 2 · 1 · 1
Valuation: 2 · 0 · 3
Cash flow: 2 · 1 · 0
Efficiency: 0 · 0 · 2
| Factor | GEV | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +8.7% | Good beats 72% | +5.6% | – | – |
| Revenue growth, last year | +9.0% | Good beats 79% | +4.5% | +9.0% | ≈ In line |
| Profitability | |||||
| Gross margin | 20.2% | Bad beats 12% | 38.0% | 16.0% | ▲ Better |
| Operating margin | 4.3% | Bad beats 3% | 17.5% | -0.7% | ▲ Better |
| Net margin | 23.0% | Good beats 93% | 12.8% | 1.6% | ▲ Better |
| Return on invested capital | 63.3% | Good beats 94% | 14.9% | – | – |
| Return on equity | 79.7% | Good beats 97% | 23.7% | 5.2% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | -5.2x | Good beats 99% | 1.8x | – | – |
| Interest cover | 50.0x | Good beats 76% | 21.4x | – | – |
| Current ratio | 0.85 | Bad beats 16% | 1.25 | 0.98 | ▼ Worse |
| Piotroski F-score | 6 / 9 | Average beats 41% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 23.1x | Good beats 72% | 28.2x | – | – |
| Price / book | 18.4x | Bad beats 7% | 6.2x | – | – |
| Price / sales | 5.3x | Bad beats 24% | 3.6x | – | – |
| EV / EBITDA | 117.7x | Bad beats 3% | 18.3x | – | – |
| Free cash flow yield | 5.7% | Good beats 78% | 3.8% | – | – |
| Cash flow | |||||
| Free cash flow margin | 30.1% | Good beats 94% | 13.8% | 3.1% | ▲ Better |
| Cash from operations / net income | 1.48 | Average beats 57% | 1.39 | – | – |
| Accruals (lower is better) | −5.7% | Good beats 80% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.6x | Bad beats 10% | 4.0x | 3.4x | ▼ Worse |
| Days sales outstanding | 98 days | Bad beats 5% | 57 days | – | – |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 5 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.
Financials
| FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|
| Revenue | $29.7B | $33.2B | $34.9B | $38.1B |
| Operating income | −$2.9B | −$923M | $471M | $1.4B |
| Net income | −$2.7B | −$438M | $1.6B | $4.9B |
| Operating cash flow | −$114M | $1.2B | $2.6B | $5.0B |
| Operating margin | -9.7% | -2.8% | 1.3% | 3.6% |
| Free cash flow | −$627M | $442M | $1.7B | $3.7B |
| Diluted EPS | $-10.00 | $-1.60 | $5.58 | $17.69 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 0 neutral · 12 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 8 bearish
Monthly
Neutral
2 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 915.7 | Bearish |
| EMA 10 | 899.9 | Bearish |
| SMA 20 | 950.8 | Bearish |
| EMA 20 | 927.5 | Bearish |
| SMA 50 | 949.5 | Bearish |
| EMA 50 | 952.4 | Bearish |
| SMA 100 | 987.5 | Bearish |
| EMA 100 | 959.4 | Bearish |
| SMA 200 | 938.3 | Bearish |
| EMA 200 | 906.5 | Bearish |
Oscillators (daily)
| RSI (14) | 29.93 | Bullish |
| MACD (12, 26) | -26.57 | Bearish |
| Momentum (12) | -18.26 | Bearish |
| Stochastic %K (14) | 7.25 | Bullish |
| Williams %R (14) | -92.75 | Bullish |
| CCI (20) | -216.7 | Bullish |
Pivot points (classic, last session)
S3 761.1 | S2 778.8 | S1 796.9 | Pivot 814.5 | R1 832.6 | R2 850.3 | R3 868.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.50 USD
Yield on today's price
0.18%
Frequency
Quarterly
Next ex-dividend date
27 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.5000 |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold GEV
| ETF | Share of the fund |
|---|---|
| AIPO Defiance AI & Power Infrastructure | 7.21% |
| XLI Industrial Select Sector SPDR | 5.48% |
| SPHQ Invesco S&P 500 Quality | 4.13% |
| FIDU Fidelity MSCI Industrials Index | 3.80% |
| VIS Vanguard Industrials | 3.72% |
| IVES Dan IVES Wedbush AI Revolution | 3.43% |
| IYJ iShares U.S. Industrials | 3.19% |
| MTUM iShares MSCI USA Momentum Factor | 3.07% |
The eight funds with the largest weight in GEV among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
GEV SEC filings
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.