GE Vernova GEV Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Electrification | $2.96B0.0% | $2.96B+13.8% | $2.6B+16.1% | $2.24B+21.8% | $1.84B-15.6% | |
| Power | $4.97B-13.5% | $5.75B+18.8% | $4.84B+2.2% | $4.73B+6.4% | $4.45B-18.1% | |
| Wind | $1.43B-39.5% | $2.37B-10.5% | $2.65B+17.9% | $2.25B+21.4% | $1.85B-40.5% | |
| Total Assets by Business | ||||||
| Electrification | $20.62B+129% | $9.02B+7.0% | $8.43B— | —— | —— | |
| Power | $26.92B+0.3% | $26.85B+7.6% | $24.96B— | —— | —— | |
| Wind | $11.78B+2.9% | $11.44B+5.0% | $10.89B— | —— | —— | |
| Cost of revenues, excluding depreciation and amortization by Business | ||||||
| Electrification | $2.03B+0.4% | $2.02B+10.6% | $1.82B+19.2% | $1.53B+20.3% | $1.27B-17.3% | |
| Power | $3.64B-12.2% | $4.15B+13.2% | $3.66B+6.1% | $3.45B+2.5% | $3.37B-15.2% | |
| Wind | $1.65B-31.6% | $2.41B-4.8% | $2.53B+13.7% | $2.23B+21.0% | $1.84B-37.2% | |
| Other segment items by Business | ||||||
| Electrification | -$57M-83.9% | -$31M+53.7% | -$67M-3.1% | -$65M-32.7% | -$49M0.0% | |
| Power | -$55M-27.9% | -$43M+4.4% | -$45M+2.2% | -$46M-254% | -$13M0.0% | |
| Wind | $1M-75.0% | $4M-75.0% | $16M+433% | $3M+127% | -$11M+38.9% | |
| Selling, general, and administrative expenses, excluding depreciation and amortization by Business | ||||||
| Electrification | $354M+1.1% | $350M+4.2% | $336M+0.6% | $334M+1.2% | $330M+2.5% | |
| Power | $445M-10.5% | $497M+14.0% | $436M+0.2% | $435M-7.1% | $468M-12.7% | |
| Wind | $128M-4.5% | $134M+13.6% | $118M-16.3% | $141M+5.2% | $134M-1.5% | |
| EBITDA by Business | ||||||
| Electrification | $528M+4.8% | $504M+28.2% | $393M+18.7% | $331M+61.5% | $205M-27.6% | |
| Power | $811M-16.5% | $971M+50.5% | $645M-16.1% | $769M+48.7% | $517M-36.3% | |
| Wind | -$382M-69.8% | -$225M-269% | -$61M+63.3% | -$166M-13.7% | -$146M— | |
| Equity method income (loss) by Business | ||||||
| Electrification | $56M+86.7% | $30M-47.4% | $57M+5.6% | $54M+8.0% | $50M+11.1% | |
| Power | $17M+113% | $8M-57.9% | $19M+18.8% | $16M+260% | -$10M+75.0% | |
| Wind | $0— | $0— | $0— | $0— | $0-100% | |
| Currency exchange and other by Business | ||||||
| Electrification | -$23M+48.9% | -$45M0.0% | -$45M0.0% | -$45M0.0% | -$45M-2,471% | |
| Power | $0-100% | $750K0.0% | $750K0.0% | $750K0.0% | $750K0.0% | |
| Wind | -$34M-151% | $66.75M0.0% | $66.75M0.0% | $66.75M0.0% | $66.75M+257% | |
| Research and development expenses, excluding depreciation and amortization by Business | ||||||
| Electrification | $107M-9.3% | $118M+2.6% | $115M+3.6% | $111M+35.4% | $82M-4.7% | |
| Power | $132M-25.8% | $178M+28.1% | $139M+13.0% | $123M+12.8% | $109M-14.2% | |
| Wind | $36M-18.2% | $44M+2.3% | $43M+4.9% | $41M+24.2% | $33M-21.4% | |
| Acquisitions by Business | ||||||
| Electrification | $5.47B+31,174% | $17.5M0.0% | $17.5M0.0% | $17.5M0.0% | $17.5M— | |
| Power | $0-100% | $3.75M0.0% | $3.75M0.0% | $3.75M0.0% | $3.75M— | |
| Wind | $0— | $0— | —— | —— | —— | |
| Restructuring and other charges by Business | ||||||
| Electrification | $62M+675% | $8M-63.6% | $22M-12.0% | $25M+1,150% | $2M0.0% | |
| Power | $14M-22.2% | $18M-47.1% | $34M+162% | $13M+18.2% | $11M— | |
| Wind | $6M-77.8% | $27M— | $0-100% | $1M-98.0% | $51M+113% | |
| Current contract assets (Note 9) by Business | ||||||
| Electrification | $1.6B+17.0% | $1.37B-2.0% | $1.4B— | —— | —— | |
| Power | $7.08B+2.1% | $6.94B-4.3% | $7.25B— | —— | —— | |
| Wind | $928M-6.1% | $988M+17.3% | $842M— | —— | —— | |
| Property, plant, and equipment additions by Business | ||||||
| Electrification | $1.03B+534% | $163M+298% | $41M+24.2% | $33M-8.3% | $36M-54.4% | |
| Power | $168M-46.3% | $313M+193% | $107M+55.1% | $69M-17.9% | $84M-60.7% | |
| Wind | $95M+164% | $36M-41.0% | $61M+32.6% | $46M-8.0% | $50M+25.0% | |
| Contract with Customer, Liability by Business | ||||||
| Electrification | $8.27B+28.0% | $6.46B+22.7% | $5.27B— | —— | —— | |
| Power | $20.4B+23.3% | $16.55B+30.9% | $12.65B— | —— | —— | |
| Wind | $3.28B+11.6% | $2.94B+22.9% | $2.39B— | —— | —— | |
| D&A by Business | ||||||
| Electrification | $150M+456% | $27M+8.0% | $25M+13.6% | $22M+4.8% | $21M-4.5% | |
| Power | $117M-2.5% | $120M+3.4% | $116M+0.9% | $115M-0.9% | $116M-21.1% | |
| Wind | $58M-13.4% | $67M+19.6% | $56M+9.8% | $51M-5.6% | $54M-40.7% | |
| Goodwill by Business | ||||||
| Electrification | $6.07B+873% | $624M-10.0% | $693M— | —— | —— | |
| Power | $512M0.0% | $512M+56.1% | $328M— | —— | —— | |
| Wind | $3.27B-1.0% | $3.3B-0.1% | $3.31B— | —— | —— | |
| Equity method investments (Note 11) by Business | ||||||
| Electrification | $85M-82.3% | $479M+3.5% | $463M— | —— | —— | |
| Power | $934M+1.3% | $922M-0.3% | $925M— | —— | —— | |
| Wind | $28M-6.7% | $30M-6.3% | $32M— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does GE Vernova break its business down?
- GE Vernova (GEV) reports total revenues by business across 3 parts — Electrification, Power and Wind. Each is extracted from the segment footnotes and tracked over time.
- Where does GE Vernova's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in GE Vernova's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
