What is GE Vernova's equipment — current contract assets (note 9)?

GE Vernova (GEV) reported equipment — current contract assets (note 9) of $4.12B in Q2 2026.

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

Represents the entity's right to consideration in exchange for goods or services that have been transferred to a customer, but for which the right to payment is conditional on something other than the passage of time. These assets arise when revenue is recognized for performance obligations satisfied before the customer is billed. It is a key indicator of unbilled work-in-progress and potential future cash inflows.

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

Other product segments

Services

$5.4B—

Similar metrics at other companies

COCOContract Assets, Net

$472K-21.5%

KOPContract Assets, Net

$8M-7.0%

AQSTContract Assets, Net

$435K+29.1%

ADMAContract Assets, Net

$3.98M+1.7%

KAIContract Assets, Net

$6.11M+9.3%

OPXSContract Assets, Net

$404K+74.1%

Other financials

Income statement

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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

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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

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Operating cash flow$5.5B+1,396%

CapEx$386.0M+123%

Free cash flow$5.1B+2,532%

Valuation

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Market cap$274.64B+61.7%

Enterprise value$265.48B+62.8%

P/E28.8×-118×

P/S6.6×+2.0×

Profitability

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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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What is GE Vernova's equipment — current contract assets (note 9)?: GE Vernova (GEV) reported equipment — current contract assets (note 9) of $4.12B in Q2 2026.
What does equipment — current contract assets (note 9) mean?: Represents the entity's right to consideration in exchange for goods or services that have been transferred to a customer, but for which the right to payment is conditional on something other than the passage of time. These assets arise when revenue is recognized for performance obligations satisfied before the customer is billed. It is a key indicator of unbilled work-in-progress and potential future cash inflows.