What does equipment — service agreement liabilities mean?

Reflects the deferred revenue or obligations arising from long-term service agreements where the company has received payment or has a contractual obligation to provide future maintenance and support. This represents the liability for services that have been paid for by the customer but not yet performed. It serves as a proxy for the company's future service revenue backlog.

GE Vernova GEV Equipment — Service agreement liabilities

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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

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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 gev:ContractWithCustomerLiabilityServiceAgreementsCurrent.

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 equipment — service agreement liabilities?: GE Vernova (GEV) reported equipment — service agreement liabilities of $38.06B in Q2 2026.
What does equipment — service agreement liabilities mean?: Reflects the deferred revenue or obligations arising from long-term service agreements where the company has received payment or has a contractual obligation to provide future maintenance and support. This represents the liability for services that have been paid for by the customer but not yet performed. It serves as a proxy for the company's future service revenue backlog.