GE Vernova (GEV) stock
Industrials · Heavy Electrical Equipment
GE Vernova (GEV) is a Heavy Electrical Equipment company in the Industrials sector, headquartered in Cambridge, Massachusetts. As of October 23, 2026, GEV closed at $815.00, a market capitalization of $217.06 billion, the 52nd largest company in the S&P 500. Over the last twelve months it generated $41.37 billion in revenue (+22% year over year) and $12.44 billion in free cash flow. The stock trades at 23.4x trailing earnings and 32.4x forward earnings.
- 1-year total return: +37.2% (dividends reinvested)
- 52-week range: $530.16 – $1,195.94
- Gross margin 20.6%, operating margin 7.5%
- Dividend yield: 0.25%
- FI Handbook report card: B- across 10 metrics
- 4th largest of 83 Industrials stocks in the S&P 500
GEV price chart
1Y price change: +36.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| GEV | -14.4% | +24.9% | +37.2% | — | — | — | +103.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2024.
GEV key statistics
- Market cap
- $217.1B
- #52 in S&P 500
- P/E (TTM)
- 23.4x
- Forward P/E
- 32.4x
- EPS (TTM)
- $34.88
- Revenue (TTM)
- $41.4B
- +22%
- Free cash flow
- $12.4B
- Gross margin
- 20.6%
- Operating margin
- 7.5%
- Return on equity
- 82.6%
- Dividend yield
- 0.25%
- 52-week range
- $530.16 – $1,196
- Beta
- 0.97
- Price / sales
- 5.2x
- EV / EBITDA
- 53.3x
- Debt / equity
- 0.28x
- Employees
- 78,000
GEV report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth21.9%A
- Gross margin20.6%D
- Operating margin7.5%D
- FCF margin30.1%A
- Return on equity82.6%A
- Net debt / EBITDA-2.3xA
- Forward P/E32.4xD
- PEG ratio1.7xC
- Shareholder yield1.8%C
- Share count change / yr0.2%C
GE Vernova financials
Revenue went from $29.7B in fiscal 2022 to $38.1B in fiscal 2025, growing 8.7% a year.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $29.7B | $33.2B | $34.9B | $38.1B |
| Gross profit | $3.5B | $4.8B | $6.1B | $7.5B |
| Operating income | -$2.9B | -$923.0M | $471.0M | $1.4B |
| Net income | -$2.7B | -$438.0M | $1.6B | $4.9B |
| EPS (diluted) | $-10.00 | $-1.60 | $5.58 | $17.69 |
| Free cash flow | -$627.0M | $442.0M | $1.7B | $3.7B |
| Buybacks | — | $0 | $43.0M | $3.3B |
| Dividends paid | — | $0 | $0 | $275.0M |
| Diluted shares | 274.0M | 274.0M | 278.0M | 276.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into GEV?
A reverse DCF asks what growth the current price requires. With an enterprise value of $208.1B and $12.4B of trailing free cash flow, GE Vernova needs to grow free cash flow about 6.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 46.1x vs. median 75.6x (10th–90th percentile 50.6x–119.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
GEV dividend
- Dividend yield
- 0.25%
- Annual dividend
- $2.00
- Years of increases
- —
- 5-yr dividend growth
- —
- per year
- Payout ratio
- 6%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
GEV analyst price targets
33 analysts' average 12-month target is $1,224 (+50% vs. $815.00). Targets range from $940.00 to $1,450. 82% rate it a buy.
GEV earnings
Next report: October 28, 2026. Last quarter's revenue was $11.1B (+22% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 22, 2026 | $3.18 | $2.47 | -22.4% |
| Apr 22, 2026 | $1.67 | $2.01 | +20.4% |
| Jan 28, 2026 | $3.14 | $12.91 | +310.9% |
| Oct 22, 2025 | $1.86 | $1.64 | -11.7% |
| Jul 23, 2025 | $1.64 | $1.86 | +13.4% |
| Apr 23, 2025 | $0.61 | $0.91 | +49.1% |
| Jan 22, 2025 | $2.37 | $1.33 | -44.0% |
| Oct 23, 2024 | $0.26 | $-0.35 | -232.7% |
Stocks like GEV
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GNRC Generac Holdlings | -0.59% | -1% | $11.0B | 43.0x | Compare |
 CAT Caterpillar | -2.42% | +33% | $315.8B | 29.6x | Compare |
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 RTX RTX | -1.90% | +8% | $257.8B | 31.1x | Compare |
 DE Deere & | +0.39% | +39% | $174.2B | 35.9x | Compare |
 UNP Union Pacific | -1.75% | +36% | $174.0B | 22.8x | Compare |
 BA Boeing | +0.43% | -14% | $148.9B | 67.3x | Compare |
 ETN Eaton | -0.78% | -1% | $142.2B | 37.2x | Compare |
GEV news
- Can GE Vernova's Gas Turbines Make Up for a Collapsing Wind Business? · Oct 25, 2026
- Constellation, Vistra, and GE Vernova Ranked From Worst to First for the AI Power Boom · Oct 25, 2026
- GE Vernova Stock Fell 11% in a Day. Here's What I Think It Could Be Worth by 2030. · Oct 24, 2026
- GE Vernova (GEV) Stock May Be Fully Priced After Fresh AI Power Orders · Oct 24, 2026
- The AI Power Bill Comes Due: Will GE Vernova’s Q3 Earnings Oct. 28 Prove Its $176B Backlog Is Real? · Oct 24, 2026
GEV stock FAQ
What is GEV's market cap?
GE Vernova's market capitalization is $217.06 billion as of October 23, 2026, ranking 52nd in the S&P 500.
What is GEV's P/E ratio?
GEV trades at a trailing price-to-earnings ratio of 23.4x and a forward P/E of 32.4x. Its median P/E over the period we track is 75.6x.
Does GEV pay a dividend?
Yes. GE Vernova pays $2.00 per share a year, a 0.25% yield.
How much has GEV stock returned?
Including reinvested dividends, GEV returned +37.2% over one year through October 23, 2026.
Is GEV stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies GE Vernova must grow free cash flow about 6% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the GEV price target?
33 analysts cover GEV with an average 12-month price target of $1,223.98, +50% from the current price. 82% of them rate it a buy.
When does GEV report earnings?
GE Vernova is expected to report earnings on October 28, 2026.
How many employees does GE Vernova have?
GE Vernova has about 78,000 full-time employees, or $530,346 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology