# GE Vernova Inc. (GEV) — Stock CV

GE Vernova Inc. is a $267B technology company. Revenue grew 13.0% over the last year, and it keeps 23¢ of every dollar of sales as profit. It trades at 28.1× earnings — near the lowest of its own history.

> GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification.

## Identity

- **Ticker**: GEV
- **Sector**: Technology
- **Industry**: Electronic & Other Electrical Equipment (No Computer Equip)
- **Headquarters**: CAMBRIDGE, MA
- **Employees**: 75 000
- **Website**: https://www.gevernova.com
- **Market cap**: $267B
- **Last price**: $1 003.07
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $41.4B
- **Net income**: $9.53B
- **Free cash flow**: $12.4B
- **P/E**: 28.1
- **Revenue growth (YoY)**: 13.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 54 |
| Growth | 6 |
| Profitability | 95 |
| Health | 24 |
| Quality | 85 |
| Moat | 23 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +13.0% YoY
- [x] Profitable — $9.53B TTM
- [x] Profit growing — +214.7% YoY
- [x] Generates cash — $12.4B TTM
- [ ] Debt under control — current ratio 0.85
- [x] Established company — $267B market cap
- [x] Not printing shares — +0.7% shares over ~5y
- [ ] Proven track record — 2/5 profitable years
- [x] Financially stable — Altman Z 2.8 — grey
- [x] Pays a dividend — yield 0.15%
- [x] Valuation not extreme — P/E 28.1

## Experience (career milestones)

- **FY2025** — Best year on record: $4.88B net income
- **FY2024** — Turned profitable: $1.55B net income after a loss year
- **2023** — GE HealthCare was spun off in January 2023, followed by the spin-off of GE's energy businesses in April 2024 to…
- **Feb 28, 2023** — In preparation for the spin-off, GE Vernova, LLC was founded on February 28, 2023
- **Jan 4, 2023** — GE Healthcare was the first to be spun off, on January 4, 2023
- **2022** — France's EDF and General Electric agreed on a takeover of a major part of GE Steam Power (formerly…
- **FY2021** — Revenue already above $10B: $33.0B in first reported year
- **2016** — General Electric announced the acquisition of LM Wind Power, a Danish company that is one of its…
- **2015** — The Franco-American subsidiary GE Renewable Energy was created from the acquisition of the energy…
- **Apr 24, 2014** — The first information was published about General Electric's partial takeover of Alstom for $13…
- **2012** — GE Power was created following the spin-off of GE Energy
- **1900** — GE Vernova operates an Advanced Research Center in Niskayuna, New York, co-located on the historic GE Research…

## Strengths

- Strongly profitable — 23.0% net margin
- Revenue growing 13.0% year over year
- Strong cash conversion — FCF is 30.1% of revenue
- High returns on invested capital (ROIC 209.6%)

## Watch-outs

- Thin interest coverage (-0.0×)
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $33.0B | -$633M | -$2.24B |
| FY2022 | $29.7B | -$2.74B | -$627M |
| FY2023 | $33.2B | -$438M | $442M |
| FY2024 | $34.9B | $1.55B | $1.70B |
| FY2025 | $38.1B | $4.88B | $3.71B |

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Source: https://stockcv.com/GEV — derived from company filings; may be delayed or incomplete. Information, not investment advice.