What is GE Vernova's capex?

GE Vernova (GEV) reported capex of $397M in Q1 2026.

How has GE Vernova's capex changed year-over-year?

GE Vernova's capex increased by 113.4% year-over-year, from $186M to $397M.

What is the long-term trend for GE Vernova's capex?

Over 3 years (2022 to 2025), GE Vernova's capex has grown at a 35.5% compound annual growth rate (CAGR), from $513M to $1.28B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

GE Vernova GEV CapEx

CapEx at other companies

Powell IndustriesPOWL

$1.83M-55.0%

Energizer HoldingsENR

$17.7M-15.7%

ArcosaACA

$43.5M+31.8%

Constellation EnergyCEG

$1.28B+58.2%

Quanta ServicesPWR

$220.09M+65.8%

CaterpillarCAT

$728M+2.5%

Other financials

Income statement

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Revenue$9.3B+16.3%

Gross profit$1.8B+21.2%

Operating income$179.0M+316%

Net income$4.7B+1,768%

EPS (diluted)$17.44+1,816%

Balance sheet

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Cash & equivalents$10.2B+25.5%

Total debt$1.2B+18.6%

Total equity$13.9B+61.8%

Total assets$75.6B+46.7%

Cash flow

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Operating cash flow$5.2B+347%

Free cash flow$4.8B+391%

Valuation

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Market cap$291.69B+119%

Enterprise value$282.72B+125%

P/E31.1×-37.5×

P/S7.4×+3.7×

Profitability

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Gross margin19.9%+2.0pp

Operating margin3.9%+1.6pp

Net margin23.8%+18.4pp

FCF margin19.1%+9.8pp

Returns & leverage

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Return on equity83.2%+61.2pp

Debt / equity0.1×0.0×

Current ratio0.9×-0.1×

Where this comes from

Reported directly by GE Vernova in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: GE Vernova’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GE Vernova's capex?: GE Vernova (GEV) reported capex of $397M in Q1 2026.
How has GE Vernova's capex changed year-over-year?: GE Vernova's capex increased by 113.4% year-over-year, from $186M to $397M.
What is the long-term trend for GE Vernova's capex?: Over 3 years (2022 to 2025), GE Vernova's capex has grown at a 35.5% compound annual growth rate (CAGR), from $513M to $1.28B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.