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 251.14 Bn 242.11 Bn 1.78 Bn 6.94%
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 21.68%
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 19.21%
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 27.19%
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 22.07%
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 20.58%
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 18.99%
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 20.23%
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 20.12%
10 Ingersoll Rand 28.28 Bn 27.07 Bn 792.40 Mn 15.70%

Historic Data

Download Data
DateValue
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%