What is GE Vernova's R&D?

GE Vernova (GEV) reported R&D of $304M in Q1 2026.

How has GE Vernova's R&D changed year-over-year?

GE Vernova's R&D increased by 27.2% year-over-year, from $239M to $304M.

What is the long-term trend for GE Vernova's R&D?

Over 3 years (2022 to 2025), GE Vernova's R&D has grown at a 6.9% compound annual growth rate (CAGR), from $979M to $1.2B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

GE Vernova GEV R&D

R&D at other companies

Powell IndustriesPOWL

$4.29M+56.2%

Aviat NetworksAVNW

$7.66M-0.6%

Energizer HoldingsENR

$7.6M-6.2%

Ormat TechnologiesORA

$1.13M-55.5%

CaterpillarCAT

$537M+11.9%

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$315.71B+116%

Enterprise value$306.74B+121%

P/E33.7×-92.6×

P/S8×+4.0×

Profitability

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Gross margin19.9%+2.0pp

Operating margin3.9%+1.6pp

Net margin23.8%+18.4pp

FCF margin19.1%+9.8pp

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:ResearchAndDevelopmentExpense.

The official record: GE Vernova’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GE Vernova's R&D?: GE Vernova (GEV) reported R&D of $304M in Q1 2026.
How has GE Vernova's R&D changed year-over-year?: GE Vernova's R&D increased by 27.2% year-over-year, from $239M to $304M.
What is the long-term trend for GE Vernova's R&D?: Over 3 years (2022 to 2025), GE Vernova's R&D has grown at a 6.9% compound annual growth rate (CAGR), from $979M to $1.2B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.