GE Vernova (GEV) Net Income (2023 - 2026)
GE Vernova's (GEV) quarterly Net Income came in at $649.0 million in Q2 2026, up 31.91% YoY from $492.0 million in Q2 2025, and down 86.33% on a QoQ basis from $4.7 billion in Q1 2026.
GE Vernova (GEV) Net Income (2023 - 2026) Analysis & Trends
GE Vernova (GEV) has 4 years of Net Income data on file, last reported at $649.0 million in Q2 2026.
- Quarterly Net Income rose 31.91% year-over-year to $649.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $9.5 billion (up 734.44% YoY) and the FY2025 annual result came in at $4.9 billion, up 212.96% from the prior year.
- Net Income declined to $649.0 million in Q2 2026, from $4.7 billion in the prior quarter.
- In the past five years, Net Income ranged from a high of $4.7 billion in Q1 2026 to a low of -$346.0 million in Q1 2023.
- A 4-year average of $816.1 million and a median of $358.5 million in 2025 frame the typical range for Net Income.
- Annual changes were most pronounced in 2025 — Net Income sank 61.56% — and 2026, when it surged 1698.86%.
- Tracing GEV's Net Income over 4 years: stood at $206.0 million in 2023, then soared by 134.95% to $484.0 million in 2024, then surged by 658.26% to $3.7 billion in 2025, then tumbled by 82.32% to $649.0 million in 2026.
- The last three Net Income figures came in at $649.0 million (Q2 2026), $4.7 billion (Q1 2026), and $3.7 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 649.00 Mn |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 823.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 904.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 718.00 Mn |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 968.00 Mn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 815.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 406.90 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 408.00 Mn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 258.00 Mn |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | 449.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 649.00 Mn |
| Mar 31, 2026 | 4.75 Bn |
| Dec 31, 2025 | 3.67 Bn |
| Sep 30, 2025 | 453.00 Mn |
| Jun 30, 2025 | 492.00 Mn |
| Mar 31, 2025 | 264.00 Mn |
| Dec 31, 2024 | 484.00 Mn |
| Sep 30, 2024 | -99.00 Mn |
| Jun 30, 2024 | 1.28 Bn |
| Mar 31, 2024 | -43.00 Mn |
| Dec 31, 2023 | 206.00 Mn |
| Sep 30, 2023 | -185.00 Mn |
| Jun 30, 2023 | -149.00 Mn |
| Mar 31, 2023 | -346.00 Mn |