How does GE Vernova (GEV) make money?

GE Vernova (GEV) generates revenue primarily from Product, which accounted for 55.8% of total revenue in TTM through Q1 2026. The company reported $39.38B in revenue and converted 23.8% of it into net profit, equivalent to roughly $9.38B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of GE Vernova (GEV)?

GE Vernova (GEV) reported a gross profit margin of 19.9% in TTM through Q1 2026, equivalent to $7.85B in gross profit on $39.38B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of GE Vernova (GEV)?

GE Vernova (GEV) reported an operating profit margin of 3.9% in TTM through Q1 2026, equivalent to $1.52B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of GE Vernova (GEV)?

GE Vernova (GEV) reported a net profit margin of 23.8% in TTM through Q1 2026, equivalent to $9.38B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is GE Vernova (GEV) profitable?

Yes. GE Vernova (GEV) reported $9.38B in net income for TTM through Q1 2026, with a net profit margin of 23.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does GE Vernova (GEV) invest in research and development?

GE Vernova (GEV) invested $1.26B in research and development during TTM through Q1 2026, roughly 3.2% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does GE Vernova (GEV) spend on capital expenditures?

GE Vernova (GEV) spent $1.49B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does GE Vernova (GEV) generate?

GE Vernova (GEV) generated $7.53B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 19.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of GE Vernova (GEV)?

GE Vernova (GEV) reports revenue across 3 reportable product segments, led by Product at 55.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How GE Vernova Makes Money: 2026 Visual Revenue Map

GE Vernova (GEV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 22, 2026).

GE Vernova discloses geographic revenue only in annual filings. to view the full breakdown.

GE Vernova (GEV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for GE Vernova (GEV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Product	$21.99B	55.8%
Service	$17.38B	44.1%
Power Segment	$11.00M	0%
Total	$39.38B	100%

Product$21.99B
Service$17.38B
Power Segment$11.00M
Total$39.38B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, GE Vernova (GEV) reports revenue across 3 operating segments; the largest segment was Product at 55.8%, followed by Service (44.1%) and Power Segment (0%).

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