GE Vernova (GEV) Tax Rate (2023 - 2026)
GE Vernova (GEV) reported Tax Rate of 6.94% for Q1 2026, down 1354.0% on a YoY basis from 0.55% in Q1 2025, and up 102.99% quarter-over-quarter from 232.13% in Q4 2025.
GE Vernova (GEV) Tax Rate (2023 - 2026) Analysis & Trends
GE Vernova has reported Tax Rate for 4 years, with the latest figure at 6.94% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 1354.0% year-over-year to 6.94%; the trailing twelve-month figure through Mar 2026 stood at 23.23% (down 5728.0% YoY), and the FY2025 full-year result was 72.52%, down 11011.0% from the prior year.
- Tax Rate for Q1 2026 stood at 6.94%, up from 232.13% in the prior quarter.
- The five-year high for Tax Rate was 56.51% in Q4 2024, with the low at 1056.25% in Q3 2023.
- Historically, Tax Rate has averaged 111.18% across 4 years, with a median of 20.1% in 2024.
- Annual changes were most pronounced in 2024 — Tax Rate soared 107510 bps — and 2025, when it sank 28864 bps.
- GE Vernova's Tax Rate stood at 37.2% in 2023, then surged by 52 bps to 56.51% in 2024, then sank by 511 bps to 232.13% in 2025, then jumped by 103 bps to 6.94% in 2026.
- The last three Tax Rate figures came in at 6.94% (Q1 2026), 232.13% (Q4 2025), and 39.28% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 299.46 Bn | 290.43 Bn | 1.78 Bn | 6.94 |
| 2 | Eaton | 164.06 Bn | 163.35 Bn | 2.65 Bn | 21.68 |
| 3 | Parker-Hannifin | 120.65 Bn | 120.18 Bn | 2.02 Bn | 19.21 |
| 4 | Cummins | 98.98 Bn | 96.25 Bn | 2.24 Bn | 27.19 |
| 5 | Emerson Electric | 84.75 Bn | 82.97 Bn | 2.42 Bn | 22.07 |
| 6 | Illinois Tool Works | 76.17 Bn | 75.34 Bn | 1.76 Bn | 20.58 |
| 7 | Ametek | 54.28 Bn | 53.79 Bn | 717.56 Mn | 18.99 |
| 8 | Rockwell Automation | 53.18 Bn | 52.81 Bn | 1.13 Bn | 20.23 |
| 9 | Ingersoll Rand | 30.53 Bn | 29.32 Bn | 792.40 Mn | 15.70 |
| 10 | Dover | 30.25 Bn | 28.61 Bn | 798.14 Mn | 20.12 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.94% |
| Mar 31, 2026 | 6.94% |
| Dec 31, 2025 | -232.13% |
| Dec 31, 2025 | -232.13% |
| Sep 30, 2025 | 39.28% |
| Sep 30, 2025 | 39.28% |
| Jun 30, 2025 | 23.72% |
| Jun 30, 2025 | 23.72% |
| Mar 31, 2025 | 20.48% |
| Mar 31, 2025 | 20.48% |
| Dec 31, 2024 | 56.51% |
| Dec 31, 2024 | 56.51% |
| Sep 30, 2024 | 18.85% |
| Sep 30, 2024 | 18.85% |
| Jun 30, 2024 | 20.10% |
| Jun 30, 2024 | 20.10% |
| Mar 31, 2024 | 55.21% |
| Mar 31, 2024 | 55.21% |
| Dec 31, 2023 | 37.20% |
| Dec 31, 2023 | 37.20% |