What does electrification — current contract assets (note 9) mean?

Represents the portion of revenue recognized for performance obligations satisfied in the Electrification segment that have not yet been billed to the customer. These assets arise when the company has a right to consideration for goods or services transferred but the right is conditional on something other than the passage of time. It is a key indicator of unbilled work-in-progress for long-term projects.

GE Vernova GEV Electrification — Current contract assets (Note 9)

Other segment segments

Power

$7.04B—

Wind

$953M—

Similar metrics at other companies

KAIContract Assets, Net

$6.11M+9.3%

AGXContract Assets

$36.92M+21.6%

NXTContract Assets

$533.26M+31.4%

COCOContract Assets, Net

$472K-21.5%

GTL

GTLSContract Assets

$1.05B+25.4%

TRSContract Assets, Net

$1.04M-41.9%

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 →

Ask your AI about GE Vernova's electrification — current contract assets (note 9).

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is GE Vernova's electrification — current contract assets (note 9)?: GE Vernova (GEV) reported electrification — current contract assets (note 9) of $1.53B in Q2 2026.
What does electrification — current contract assets (note 9) mean?: Represents the portion of revenue recognized for performance obligations satisfied in the Electrification segment that have not yet been billed to the customer. These assets arise when the company has a right to consideration for goods or services transferred but the right is conditional on something other than the passage of time. It is a key indicator of unbilled work-in-progress for long-term projects.