What is GE Vernova's variable costs?

GE Vernova (GEV) reported variable costs of $5.25M in Q4 2025.

How has GE Vernova's variable costs changed year-over-year?

GE Vernova's variable costs decreased by 55.3% year-over-year, from $11.75M to $5.25M.

What is the long-term trend for GE Vernova's variable costs?

Over 3 years (2022 to 2025), GE Vernova's variable costs has grown at a -26.6% compound annual growth rate (CAGR), from $53M to $21M.

GE Vernova GEV Variable costs

Variable costs at other companies

Carnival CorporationCCL

$52.25M-0.9%

Devon EnergyDVN

$0—

Iron MountainIRM

$59.9M+74.1%

Las Vegas SandsLVS

$0—

Medline, Inc. MDLN

$500K0.0%

Granite Point Mortgage TrustGPMT

——

Other financials

Income statement

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Revenue$9.3B+16.3%

Gross profit$1.8B+21.2%

Operating income$179.0M+316%

Net income$4.7B+1,768%

EPS (diluted)$17.44+1,816%

Balance sheet

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Cash & equivalents$10.2B+25.5%

Total debt$1.2B+18.6%

Total equity$13.9B+61.8%

Total assets$75.6B+46.7%

Cash flow

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Operating cash flow$5.2B+347%

CapEx$397.0M+113%

Free cash flow$4.8B+391%

Valuation

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Market cap$298.21B+182%

Enterprise value$289.24B+196%

P/E31.8×-22.8×

P/S7.6×+4.6×

Profitability

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Gross margin19.9%+2.0pp

Operating margin3.9%+1.6pp

Net margin23.8%+18.4pp

Returns & leverage

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Return on equity83.2%+61.2pp

Debt / equity0.1×0.0×

Current ratio0.9×-0.1×

Where this comes from

Reported directly by GE Vernova in its filing.

Tagged under the XBRL concept us-gaap:VariableLeaseCost.

The official record: GE Vernova’s 10-K, filed January 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GE Vernova's variable costs?: GE Vernova (GEV) reported variable costs of $5.25M in Q4 2025.
How has GE Vernova's variable costs changed year-over-year?: GE Vernova's variable costs decreased by 55.3% year-over-year, from $11.75M to $5.25M.
What is the long-term trend for GE Vernova's variable costs?: Over 3 years (2022 to 2025), GE Vernova's variable costs has grown at a -26.6% compound annual growth rate (CAGR), from $53M to $21M.