What is GE Vernova's contract assets?

GE Vernova (GEV) reported contract assets of $9.52B in Q2 2026.

How has GE Vernova's contract assets changed year-over-year?

GE Vernova's contract assets increased by 0.3% year-over-year, from $9.49B to $9.52B.

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

Over 2 years (2023 to 2025), GE Vernova's contract assets has grown at a 5.6% compound annual growth rate (CAGR), from $8.34B to $9.29B.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

GE Vernova GEV Contract Assets

Contract Assets at other companies

Powell IndustriesPOWL

$113.3M-2.3%

Broadwind, Inc.BWEN

$314K-66.1%

Quanta ServicesPWR

$1.61B+27.9%

ArganAGX

$36.92M+21.6%

Segments

By segment

See full

Power$7.04B—

Electrification$1.53B—

Wind$953M—

By product

See full

Services$5.4B—

Other financials

Income statement

See full

Revenue$11.1B+21.9%

Gross profit$2.4B+27.9%

Operating income$653.0M+72.8%

Net income$668.0M+30.0%

EPS (diluted)$2.47+32.8%

Balance sheet

See full

Cash & equivalents$13.1B+66.2%

Total debt$4.0B+274%

Total equity$12.0B+34.7%

Total assets$80.8B+52.2%

Cash flow

See full

Operating cash flow$5.5B+1,396%

CapEx$386.0M+123%

Free cash flow$5.1B+2,532%

Valuation

See full

Market cap$274.64B+61.7%

Enterprise value$265.48B+62.8%

P/E28.8×-118×

P/S6.6×+2.0×

Profitability

See full

Gross margin20.2%+2.3pp

Operating margin4.3%+2.6pp

Net margin23%+19.9pp

FCF margin30.1%+22.7pp

Returns & leverage

See full

Return on equity91.5%+78.6pp

Debt / equity0.3×+0.2×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by GE Vernova in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

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

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Questions, answered.

What is GE Vernova's contract assets?: GE Vernova (GEV) reported contract assets of $9.52B in Q2 2026.
How has GE Vernova's contract assets changed year-over-year?: GE Vernova's contract assets increased by 0.3% year-over-year, from $9.49B to $9.52B.
What is the long-term trend for GE Vernova's contract assets?: Over 2 years (2023 to 2025), GE Vernova's contract assets has grown at a 5.6% compound annual growth rate (CAGR), from $8.34B to $9.29B.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.