Other

Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent

GE Vernova Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent remained flat by 0.0% to 1.3% in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 103.1%, from -40.0% to 1.3%. Over 2 years (FY 2022 to FY 2024), Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent shows an upward trend with a -18.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionOther
CategoryEfficiency
SignalHigher is better
VolatilityStable
First reportedQ1 2022
Last reportedQ4 2024Jan 29, 2026

How to read this metric

An increase indicates that miscellaneous tax credits are providing a larger relative benefit to the effective tax rate.

Detailed definition

The percentage point impact of miscellaneous tax credits on the effective tax rate. This metric quantifies the relative...

Peer comparison

Used by analysts to compare the tax efficiency of different companies' incentive portfolios.

Metric ID: other_effective_income_tax_rate_reconciliation_tax_credi_e55475

Historical Data

3 years
 FY'22FY'23FY'24
Value-7.6%-160%5%
YoY Change—<-999%+103.1%
Range-160% – 5%
CAGR-18.9%
Avg YoY Growth-951.1%
Median YoY Growth-951.1%

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Frequently Asked Questions

What is GE Vernova's effective income tax rate reconciliation, tax credit, other, percent?
GE Vernova (GEV) reported effective income tax rate reconciliation, tax credit, other, percent of 1.3% in Q4 2024.
How has GE Vernova's effective income tax rate reconciliation, tax credit, other, percent changed year-over-year?
GE Vernova's effective income tax rate reconciliation, tax credit, other, percent increased by 103.1% year-over-year, from -40.0% to 1.3%.
What is the long-term trend for GE Vernova's effective income tax rate reconciliation, tax credit, other, percent?
Over 2 years (2022 to 2024), GE Vernova's effective income tax rate reconciliation, tax credit, other, percent has grown at a -18.9% compound annual growth rate (CAGR), from -7.6% to 5.0%.
What does effective income tax rate reconciliation, tax credit, other, percent mean?
The percentage impact of non-R&D tax credits on the effective tax rate.