How does GE Vernova (GEV) make money?

GE Vernova (GEV) generates revenue primarily from Product, which accounted for 56.9% of total revenue in TTM through Q2 2026. The company reported $41.4B in revenue and converted 23% of it into net profit, equivalent to roughly $9.53B 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 20.2% in TTM through Q2 2026, equivalent to $8.36B in gross profit on $41.4B 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 4.4% in TTM through Q2 2026, equivalent to $1.8B 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% in TTM through Q2 2026, equivalent to $9.53B 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 $9.53B in net income for TTM through Q2 2026, with a net profit margin of 23%. 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 $1.31B in research and development during TTM through Q2 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 $1.7B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 4.1% 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 $12.4B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 30.1%. 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 56.9% of total revenue in TTM through Q2 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 Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 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 Q2 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), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Product	$23.5B	56.9%
Service	$17.8B	43%
Power Segment	$23M	0.1%
Total	$41.4B	100%

Product$23.5B
Service$17.8B
Power Segment$23M
Total$41.4B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, GE Vernova (GEV) reports revenue across 3 reportable product segments; the largest segment was Product at 56.9%, followed by Service (43%) and Power Segment (0.1%).

Frequently asked questions

Data & methodology

GE Vernova (GEV) Key Financials

Charts, filings, and peer comparison for every metric

Trains Company Knowledge

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

GEV Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation