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

GE Vernova (GEV) reported wind — current contract assets (note 9) of $953M in Q2 2026.

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

Represents the right to consideration in exchange for goods or services transferred to customers in the Wind segment that is conditional on something other than the passage of time. These assets typically arise from long-term construction or service contracts where revenue is recognized before the billing milestone is reached. It is a critical measure of unbilled work-in-progress.

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

Other segment segments

Power

$7.04B—

Electrification

$1.53B—

Similar metrics at other companies

KAIContract Assets, Net

$6.11M+9.3%

KOPContract Assets, Net

$8M-7.0%

ADMAContract Assets, Net

$3.98M+1.7%

OPXSContract Assets, Net

$404K+74.1%

COCOContract Assets, Net

$472K-21.5%

OPTXContract Assets, Net

$134.14K+27.0%

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 wind — current contract assets (note 9)?: GE Vernova (GEV) reported wind — current contract assets (note 9) of $953M in Q2 2026.
What does wind — current contract assets (note 9) mean?: Represents the right to consideration in exchange for goods or services transferred to customers in the Wind segment that is conditional on something other than the passage of time. These assets typically arise from long-term construction or service contracts where revenue is recognized before the billing milestone is reached. It is a critical measure of unbilled work-in-progress.