GE Vernova (GEV) FCF Margin (2023 - 2026)
GE Vernova (GEV) recorded FCF Margin of 42.79% in Q3 2026, up 35.44 percentage points from 7.35% a year earlier but down 3.19 percentage points from the prior quarter.
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Analysis
GE Vernova (GEV) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, GE Vernova's FCF Margin came in at 38.86% as of Sep 30, 2026, up 32.30 percentage points year-over-year; for FY2025, it came in at 9.75%, up 4.88 percentage points from FY2024.
- Annual FCF Margin has increased for three straight years, with a three-year change of +11.86 percentage points (FY2022 to FY2025).
- Across earlier years, FCF Margin came in at 4.87% in FY2024 (+3.54 pp), 1.33% in FY2023 (+3.44 pp) and -2.11% in FY2022.
- Quarterly FCF Margin has ranged from -11.93% in Q1 2023 to 51.30% in Q1 2026 over the past five years.
- On a year-over-year basis, FCF Margin has increased for four consecutive quarters, with an average year-over-year change of +16.05 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 43.85 percentage points in Q2 2026, against a drop of 11.03 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 45.98% (Q2 2026), 51.30% (Q1 2026) and 16.50% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 42.79% |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | -14.62% |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | -16.07% |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 12.17% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 15.79% |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 10.17% |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 17.53% |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 23.27% |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 17.03% |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | -3.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 42.79% |
| Jun 30, 2026 | 45.98% |
| Mar 31, 2026 | 51.30% |
| Dec 31, 2025 | 16.50% |
| Sep 30, 2025 | 7.35% |
| Jun 30, 2025 | 2.13% |
| Mar 31, 2025 | 12.14% |
| Dec 31, 2024 | 5.41% |
| Sep 30, 2024 | 10.86% |
| Jun 30, 2024 | 10.02% |
| Mar 31, 2024 | -9.10% |
| Dec 31, 2023 | 16.44% |
| Sep 30, 2023 | 0.63% |
| Jun 30, 2023 | -5.51% |
| Mar 31, 2023 | -11.93% |
API Access
GE Vernova FCF Margin 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=fcf-margin&ticker=GEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=GEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();