Latest period
$1.7B
YoY change
+44.6%
5Y CAGR
—
Peak year (FY2025)
$1.28B
Cumulative CapEx
$4.78B
CapEx history chart for GE Vernova (GEV) from 2021 to 2025
Latest: $1.28B
CapEx growth chart for GE Vernova (GEV) from 2021 to 2025
Latest: +44.6%
CapEx history table for GE Vernova (GEV) from 2021 to 2025
| FY2025 | $1.28B | +44.6% | +$394M | ||
| FY2024 | $883M | +18.7% | +$139M | ||
| FY2023 | $744M | +45.0% | +$231M | ||
| FY2022 | $513M | -11.1% | -$64M | ||
| FY2021 | $577M | — | — |
- FY2025$1.28B+44.6%
- FY2024$883M+18.7%
- FY2023$744M+45.0%
- FY2022$513M-11.1%
- FY2021$577M—
CapEx values are taken from GE Vernova's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at GE Vernova (GEV)
According to GE Vernova's latest reported financial statements, the company's current CapEx (TTM) is $1.7B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, GE Vernova (GEV) reported CapEx of $1.28B – surged 44.6% year-over-year.
2025 marks the peak CapEx at $1.28B, with the historical low of $513M recorded in 2022.
GE Vernova Capital Expenditures by Year
GE Vernova Capital Expenditures 2025: $1.28B
In 2025, GE Vernova reported CapEx of $1.28B, surged 44.6% from 2024. This figure represents the highest annual value in the available history.
GE Vernova Capital Expenditures 2024: $883M
GE Vernova CapEx in 2024 was $883M, grew 18.7% from 2023.
GE Vernova Capital Expenditures 2023: $744M
2023's CapEx for GE Vernova came in at $744M, surged 45.0% from 2022.
GE Vernova Capital Expenditures 2022: $513M
GE Vernova posted CapEx of $513M in 2022, declined 11.1% below 2021. This figure represents the lowest annual value in the available history.
GE Vernova Capital Expenditures 2021: $577M
GE Vernova CapEx in 2021 was $577M.
See more financial history for GE Vernova (GEV).
Sector peers by CapEx
Utilities peers of GE Vernova (GEV), ranked by their latest CapEx
| $14B | |
| $12.7B | |
| $12.6B | |
| $10.6B | |
| $9.27B | |
| $7.94B | |
| $2.95B | |
| $130M |
- $12.7B
- $12.6B
- $10.6B
- $9.27B
- $7.94B
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