GE Vernova (GEV) Gross Margin (2023 - 2026)
GE Vernova (GEV) reported Gross Margin of 19.07% for Q1 2026, up 77.0% on a YoY basis from 10.77% in Q1 2025, and down 10.02% quarter-over-quarter from 21.19% in Q4 2025.
GE Vernova (GEV) Gross Margin (2023 - 2026) Analysis & Trends
GE Vernova has reported Gross Margin for 4 years, with the latest figure at 19.07% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 77.0% year-over-year to 19.07%; the trailing twelve-month figure through Mar 2026 stood at 19.93% (up 199.0% YoY), and the FY2025 full-year result was 19.79%, up 238.0% from the prior year.
- Gross Margin for Q1 2026 stood at 19.07%, down from 21.19% in the prior quarter.
- The five-year high for Gross Margin was 21.19% in Q4 2025, with the low at 12.44% in Q3 2024.
- Historically, Gross Margin has averaged 17.25% across 4 years, with a median of 18.3% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin surged 662 bps — and 2025, when it plunged 48 bps.
- GE Vernova's Gross Margin stood at 16.94% in 2023, then advanced by 19 bps to 20.11% in 2024, then increased by 5 bps to 21.19% in 2025, then fell by 10 bps to 19.07% in 2026.
- The last three Gross Margin figures came in at 19.07% (Q1 2026), 21.19% (Q4 2025), and 19.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 19.07% |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 50.25% |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 38.86% |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 42.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.07% |
| Dec 31, 2025 | 21.19% |
| Sep 30, 2025 | 19.03% |
| Jun 30, 2025 | 20.26% |
| Mar 31, 2025 | 18.30% |
| Dec 31, 2024 | 20.11% |
| Sep 30, 2024 | 12.44% |
| Jun 30, 2024 | 20.75% |
| Mar 31, 2024 | 15.84% |
| Dec 31, 2023 | 16.94% |
| Sep 30, 2023 | 12.73% |
| Jun 30, 2023 | 14.13% |
| Mar 31, 2023 | 13.47% |