Filing Flows › GE Vernova (GEV) › Q4 2025
GE Vernova (GEV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 29, 2026
GE Vernova (GEV) reported revenue of $11.0B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +10% from the quarter before. Operating margin was 5.5%, net earnings $3.7B (33.5% of revenue).
GE Vernova, Q4 2025: revenue $11.0B (+4% year over year), operating margin 5.5%, net earnings $3.7B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.0B | +10% | +4% |
| Gross profit | $2.3B | +22% | +9% |
| Operating profit | $601M | +64% | +1% |
| Net earnings | $3.7B | +710% | +658% |
| Operating cash flow | $2.5B | +153% | +169% |
| Free cash flow | $1.8B | +147% | +217% |
What changed
Revenue was $11.0B in Q4 2025, up 4% year over year and up 10% from the previous quarter. Equipment was the largest line at 54% of revenue.
Gross margin was 21.2%, up 1.1 points from a year earlier. Operating profit was $0.60B, a 5.5% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 6% margin then. Operating expenses grew 12% against revenue growth of 4%. The fastest-growing cost line was Research & development (+38%). Net earnings were $3.7B, up 657% year over year. The tax line was a benefit of $2.6B on pre-tax earnings of $1.1B. Non-operating items added $0.50B, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.5B (up 169% year over year), 68% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization. Working capital and other items used $1.4B. Capital expenditures of $0.67B left free cash flow of $1.8B.
Questions
What was GE Vernova's revenue in the fourth quarter 2025?
GE Vernova (GEV) reported revenue of $11.0B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +10% from the quarter before.
Was GE Vernova profitable in the fourth quarter 2025?
Operating profit was $601M (5.5% of revenue) and net earnings $3.7B.
Source: GE Vernova 10-K on SEC EDGAR.