GE Vernova (GEV) Gross Margin (2023 - 2026)
GE Vernova (GEV) recorded Gross Margin of 21.25% in Q2 2026, up 0.99 percentage points from 20.26% a year earlier and up 2.18 percentage points from the prior quarter.
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Analysis
GE Vernova (GEV) Gross Margin (2023 - 2026) Analysis & Trends
On a TTM basis, GE Vernova's Gross Margin came in at 20.21% as of Jun 30, 2026, up 2.33 percentage points year-over-year; for FY2025, it came in at 19.79%, up 2.38 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a three-year change of +8.13 percentage points (FY2022 to FY2025).
- Across earlier years, Gross Margin came in at 17.42% in FY2024 (+2.92 pp), 14.50% in FY2023 (+2.83 pp) and 11.66% in FY2022.
- The Q2 2026 figure is the highest quarterly Gross Margin in data going back to Q1 2023.
- On a year-over-year basis, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +1.79 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 6.62 percentage points in Q2 2024, against a drop of 0.48 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.07% (Q1 2026), 21.19% (Q4 2025) and 19.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 49.89% |
| 10 | Nuscale Power | 3.25 Bn | 3.20 Bn | -152,000.00 | -202.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.25% |
| 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% |
API Access
GE Vernova Gross 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=gross-margin&ticker=GEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=GEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();