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

GE Vernova (GEV) reported power — current contract assets (note 9) of $7.04B in Q2 2026.

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

This represents the value of work performed on long-term power contracts that has been recognized as revenue but not yet billed to the customer. It indicates the timing difference between revenue recognition and the contractual right to payment. High levels may suggest long project cycles or specific billing milestones.

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

Other segment segments

Electrification

$1.53B—

Wind

$953M—

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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

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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

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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What is GE Vernova's power — current contract assets (note 9)?: GE Vernova (GEV) reported power — current contract assets (note 9) of $7.04B in Q2 2026.
What does power — current contract assets (note 9) mean?: This represents the value of work performed on long-term power contracts that has been recognized as revenue but not yet billed to the customer. It indicates the timing difference between revenue recognition and the contractual right to payment. High levels may suggest long project cycles or specific billing milestones.