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GE Vernova GEV Services — Cost of equipment and services

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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 us-gaap:CostOfGoodsAndServicesSold.

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 services — cost of equipment and services?
GE Vernova (GEV) reported services — cost of equipment and services of $3.13B in Q2 2026.
How has GE Vernova's services — cost of equipment and services changed year-over-year?
GE Vernova's services — cost of equipment and services increased by 4.3% year-over-year, from $3B to $3.13B.
What does services — cost of equipment and services mean?
Captures the direct costs associated with delivering service contracts and equipment support, including labor, parts, logistics, and field service overhead. Monitoring this metric is essential for evaluating the profitability and operational efficiency of the service business model. It reflects the cost structure required to maintain the company's installed base of equipment.