GE Vernova GEV Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Electrification | $2.96B+60.8% | $2.96B+35.7% | $2.6B+34.9% | $2.24B— | $1.84B— | |
| Power | $4.97B+11.7% | $5.75B+5.8% | $4.84B+15.0% | $4.73B— | $4.45B— | |
| Wind | $1.43B-22.6% | $2.37B-23.8% | $2.65B-8.4% | $2.25B— | $1.85B— | |
| Total Assets by Business | ||||||
| Electrification | $20.62B— | $9.02B+21.8% | $8.43B— | —— | —— | |
| Power | $26.92B— | $26.85B+11.1% | $24.96B— | —— | —— | |
| Wind | $11.78B— | $11.44B+14.8% | $10.89B— | —— | —— | |
| Cost of revenues, excluding depreciation and amortization by Business | ||||||
| Electrification | $2.03B+59.4% | $2.02B+31.1% | $1.82B+33.9% | $1.53B— | $1.27B— | |
| Power | $3.64B+8.0% | $4.15B+4.4% | $3.66B+15.0% | $3.45B— | $3.37B— | |
| Wind | $1.65B-10.4% | $2.41B-17.7% | $2.53B-15.5% | $2.23B— | $1.84B— | |
| Other segment items by Business | ||||||
| Electrification | -$57M-16.3% | -$31M+36.7% | -$67M-42.6% | -$65M— | -$49M— | |
| Power | -$55M-323% | -$43M-231% | -$45M+10.0% | -$46M— | -$13M— | |
| Wind | $1M+109% | $4M+122% | $16M+23.1% | $3M— | -$11M— | |
| Selling, general, and administrative expenses, excluding depreciation and amortization by Business | ||||||
| Electrification | $354M+7.3% | $350M+8.7% | $336M+2.4% | $334M— | $330M— | |
| Power | $445M-4.9% | $497M-7.3% | $436M-9.0% | $435M— | $468M— | |
| Wind | $128M-4.5% | $134M-1.5% | $118M-14.5% | $141M— | $134M— | |
| EBITDA by Business | ||||||
| Electrification | $528M+158% | $504M+78.1% | $393M+95.5% | $331M— | $205M— | |
| Power | $811M+56.9% | $971M+19.7% | $645M+29.3% | $769M— | $517M— | |
| Wind | -$382M-162% | -$225M— | -$61M+80.8% | -$166M— | -$146M— | |
| Equity method income (loss) by Business | ||||||
| Electrification | $56M+12.0% | $30M-33.3% | $57M+58.3% | $54M— | $50M— | |
| Power | $17M+270% | $8M+120% | $19M+273% | $16M— | -$10M— | |
| Wind | $0— | $0-100% | $0— | $0— | $0— | |
| Currency exchange and other by Business | ||||||
| Electrification | -$23M+48.9% | -$45M-2,471% | -$45M-2,471% | -$45M-2,471% | -$45M-2,471% | |
| Power | $0-100% | $750K0.0% | $750K0.0% | $750K0.0% | $750K0.0% | |
| Wind | -$34M-151% | $66.75M+257% | $66.75M+257% | $66.75M+257% | $66.75M+257% | |
| Research and development expenses, excluding depreciation and amortization by Business | ||||||
| Electrification | $107M+30.5% | $118M+37.2% | $115M+36.9% | $111M— | $82M— | |
| Power | $132M+21.1% | $178M+40.2% | $139M+52.7% | $123M— | $109M— | |
| Wind | $36M+9.1% | $44M+4.8% | $43M-27.1% | $41M— | $33M— | |
| Acquisitions by Business | ||||||
| Electrification | $5.47B+31,174% | $17.5M— | $17.5M— | $17.5M— | $17.5M— | |
| Power | $0-100% | $3.75M— | $3.75M— | $3.75M— | $3.75M— | |
| Wind | $0— | $0— | —— | —— | —— | |
| Restructuring and other charges by Business | ||||||
| Electrification | $62M+3,000% | $8M+300% | $22M— | $25M— | $2M— | |
| Power | $14M+27.3% | $18M— | $34M-82.3% | $13M— | $11M— | |
| Wind | $6M-88.2% | $27M+12.5% | $0-100% | $1M— | $51M— | |
| Current contract assets (Note 9) by Business | ||||||
| Electrification | $1.6B— | $1.37B+20.1% | $1.4B— | —— | —— | |
| Power | $7.08B— | $6.94B-0.1% | $7.25B— | —— | —— | |
| Wind | $928M— | $988M+83.6% | $842M— | —— | —— | |
| Property, plant, and equipment additions by Business | ||||||
| Electrification | $1.03B+2,769% | $163M+106% | $41M+7.9% | $33M— | $36M— | |
| Power | $168M+100% | $313M+46.3% | $107M+59.7% | $69M— | $84M— | |
| Wind | $95M+90.0% | $36M-10.0% | $61M+35.6% | $46M— | $50M— | |
| Contract with Customer, Liability by Business | ||||||
| Electrification | $8.27B— | $6.46B+59.6% | $5.27B— | —— | —— | |
| Power | $20.4B— | $16.55B+70.5% | $12.65B— | —— | —— | |
| Wind | $3.28B— | $2.94B-26.3% | $2.39B— | —— | —— | |
| D&A by Business | ||||||
| Electrification | $150M+614% | $27M+22.7% | $25M+13.6% | $22M— | $21M— | |
| Power | $117M+0.9% | $120M-18.4% | $116M-12.8% | $115M— | $116M— | |
| Wind | $58M+7.4% | $67M-26.4% | $56M-55.9% | $51M— | $54M— | |
| Goodwill by Business | ||||||
| Electrification | $6.07B— | $624M-32.0% | $693M— | —— | —— | |
| Power | $512M— | $512M+65.2% | $328M— | —— | —— | |
| Wind | $3.27B— | $3.3B+8.8% | $3.31B— | —— | —— | |
| Equity method investments (Note 11) by Business | ||||||
| Electrification | $85M— | $479M-35.5% | $463M— | —— | —— | |
| Power | $934M— | $922M+0.3% | $925M— | —— | —— | |
| Wind | $28M— | $30M-38.8% | $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.
