GE Vernova (GEV) Capital Expenditures (2023 - 2026)
GE Vernova (GEV) reported Capital Expenditures of $386 million for Q2 2026, up 123.1% from $173 million a year earlier but down 2.8% from the prior quarter.
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Analysis
GE Vernova (GEV) Capital Expenditures (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, GE Vernova's Capital Expenditures came in at $1.7 billion, up 96.0% year-over-year; for FY2025, it came in at $1.28 billion, up 44.6% from FY2024.
- Capital Expenditures has increased for three consecutive years, with a three-year compound annual growth rate of 35.5% (FY2022 to FY2025).
- By year, Capital Expenditures came in at $883 million in FY2024 (+18.7%), $744 million in FY2023 (+45.0%) and $513 million in FY2022.
- Five-year quarterly Capital Expenditures spans a low of $124 million in Q1 2023 and a high of $671 million in Q4 2025.
- Year over year, Capital Expenditures has now increased in each of the last five quarters, with growth averaging 49.0% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q2 2026 (growth of 123.1%); the low point was Q1 2025 (a decline of 14.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $397 million (Q1 2026), $671 million (Q4 2025) and $247 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 386.00 Mn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 51.64 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 161.32 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 58.29 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 15.90 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 41.43 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 12.42 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 14.39 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 10.40 Mn |
| 10 | Nuscale Power | 3.18 Bn | 3.13 Bn | -152,000.00 | 431,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 386.00 Mn |
| Mar 31, 2026 | 397.00 Mn |
| Dec 31, 2025 | 671.00 Mn |
| Sep 30, 2025 | 247.00 Mn |
| Jun 30, 2025 | 173.00 Mn |
| Mar 31, 2025 | 186.00 Mn |
| Dec 31, 2024 | 350.00 Mn |
| Sep 30, 2024 | 159.00 Mn |
| Jun 30, 2024 | 157.00 Mn |
| Mar 31, 2024 | 217.00 Mn |
| Dec 31, 2023 | 280.00 Mn |
| Sep 30, 2023 | 181.00 Mn |
| Jun 30, 2023 | 159.00 Mn |
| Mar 31, 2023 | 124.00 Mn |
API Access
GE Vernova Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();