TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

GEV stock analysis: GE Vernova

GE Vernova (GEV) is an S&P 500 company in Power Equipment. It grades strongest on growth.

The model's view of GEV · subscribers

Where GEV ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with GEV · updated 2026-10-05 · from prices and SEC filings

GEV price performance

GEV against the S&P 500, one year
+0%+50%+100%GEV +65%S&P 500 +18%2025-09-292026-10-05
Year to date+51.7%S&P 500 +14.5% · ahead by 37.2 pts
1 year+66.8%S&P 500 +17.0% · ahead by 49.7 pts

Total returns with dividends reinvested.

GEV factor grades

Each grade compares GEV with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 28.4x (sector 27.2x)FCF yield 4.7% (sector 4.0%)
AGrowthRevenue growth +13% (sector +7%)EPS growth +739% (sector +9%)
C+ProfitabilityOperating margin 4.3% (sector 16.9%)
BMomentum12-month change +67%From 52-wk high -16%

GEV in plain numbers

GEV key statistics

SectorIndustrials
IndustryPower Equipment
IndexS&P 500
Market value$263.7B
Revenue growth (y/y)+13%
Free-cash-flow yield4.7%
Dividend yield0.2%
Next earnings (expected)2026-10-21
Valuation measures
Market value$263.7B
Enterprise value$250.6B
P/E (trailing)28.4x
Forward P/E (Torvanta estimate)18.9x
PEG (Torvanta estimate)0.38
Price / sales6.4x
Price / book22.1x
EV / revenue6.1x
EV / EBITDA139.3x
Financial highlights
Revenue, last 12 months$41.4B
Net income, last 12 months$9.5B
EPS, last 12 months (GAAP)$34.83
Gross margin20.2%
Operating margin4.3%
Net margin23.0%
Return on equity91.5%
Cash$13.1B
Free cash flow, last 12 months$12.4B
Current ratio0.85x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

GEV earnings trends

Revenue vs earnings
-$96.0M$2.7B$5.5B$8.3B$11.1BSep 2024 Revenue: $8.9BDec 2024 Revenue: $10.6BMar 2025 Revenue: $8.0BJun 2025 Revenue: $9.1BSep 2025 Revenue: $10.0BDec 2025 Revenue: $11.0BMar 2026 Revenue: $9.3BJun 2026 Revenue: $11.1BSep 2024 Net income: -$96.0MDec 2024 Net income: $484.0MMar 2025 Net income: $254.0MJun 2025 Net income: $514.0MSep 2025 Net income: $452.0MDec 2025 Net income: $3.7BMar 2026 Net income: $4.7BJun 2026 Net income: $668.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: -1.1%Net margin: 4.6%Net margin: 3.2%Net margin: 5.6%Net margin: 4.5%Net margin: 33.4%Net margin: 50.8%Net margin: 6.0%-1%25%51%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.4$4.1$8.6$13.0$17.4Sep 2024 EPS (GAAP, diluted): $-0.4Dec 2024 EPS (GAAP, diluted): $1.7Mar 2025 EPS (GAAP, diluted): $0.9Jun 2025 EPS (GAAP, diluted): $1.9Sep 2025 EPS (GAAP, diluted): $1.6Dec 2025 EPS (GAAP, diluted): $13.3Mar 2026 EPS (GAAP, diluted): $17.4Jun 2026 EPS (GAAP, diluted): $2.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Dec 2025 +668% · Mar 2026 +1816% · Jun 2026 +33%

From the company's 10-Q and 10-K filings with the SEC.

GE Vernova financials (from SEC filings)

Fiscal yearFY2023FY2024FY2025
Revenue$33.2B$34.9B$38.1B
Net income-$438.0M$1.6B$4.9B
EPS (GAAP)n/a$5.56$17.69
Free cash flow$442.0M$1.7B$3.7B

GEV earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$2.47+33%+22%-3.1%
2026-04-22$17.44+1816%+16%+15.3%
2026-01-28$13.28+668%+4%+3.8%
2025-10-22$1.64n/a+12%+1.6%
2025-04-23$0.91n/a+11%+6.9%
2025-01-22$1.73+140%+5%+4.1%

About GE Vernova

HeadquartersCambridge, MA
Industry (SEC code)Electronic & Other Electrical Equipment (No Computer Equip)
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyGE Vernova LLC

From the company's SEC registration record.

Companies similar to GEV

CompanyMarket valueP/ERevenue growthOperating margin12-month change
GEV GE Vernova$263.7B28.4x+13%4.3%+67%
RTX RTX Corp$248.4B32.5x+12%11.2%+12%compare
GE GE Aerospace$317.8B36.1x+22%n/a+4%compare
DE Deere$183.9B37.9x+8%n/a+49%compare
CAT Caterpillar$389.9B36.5x+18%17.5%+72%
ETN Eaton$168.0B44.0x+16%n/a+17%
UNP Union Pacific$164.6B22.4x+4%40.0%+19%

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Frequently asked questions

Is GEV stock a buy?

Torvanta does not tell individuals what to buy. Its grades for GEV are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is GEV's P/E ratio?

GEV trades at about 28.4 times its last 12 months of GAAP earnings reported to the SEC, and about 18.9 times Torvanta's own estimate of the next 12 months.

When does GEV report earnings next?

Based on its filing history, Torvanta expects GE Vernova to report around 2026-10-21.

Does GEV pay a dividend?

Yes. Its dividend yield is about 0.2%, and it has raised its dividend 1 years in a row.

How has GEV performed against the S&P 500?

Over the past year GEV returned +66.8%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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