GE Vernova (GEV) Tax Rate (2023 - 2026)
GE Vernova's (GEV) quarterly Tax Rate came in at 29.84% in Q2 2026, up 612.0% on a YoY basis from 4.19% in Q2 2025, and up 330.12% quarter-over-quarter from 6.94% in Q1 2026.
Analysis
GE Vernova (GEV) Tax Rate (2023 - 2026) Analysis & Trends
GE Vernova (GEV) has reported Tax Rate for 4 consecutive years, with 29.84% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 612.0% year-over-year to 29.84%; the trailing twelve-month figure through Jun 2026 stood at 20.84% (down 6286.0% YoY), and the FY2025 full-year result was 72.52%, down 11011.0% from the prior year.
- Tax Rate rose to 29.84% in Q2 2026 per GEV's latest filing, from 6.94% in the prior quarter.
- Across five years, Tax Rate topped out at 56.51% in Q4 2024 and bottomed at 1056.25% in Q3 2023.
- Historically, Tax Rate has averaged 105.79% across 4 years, with a median of 19.48% in 2024.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 107510 bps in 2024, then slumped 28864 bps in 2025.
- Over 4 years, Tax Rate stood at 37.2% in 2023, then jumped by 52 bps to 56.51% in 2024, then tumbled by 511 bps to 232.13% in 2025, then surged by 113 bps to 29.84% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 29.84%, 6.94%, and 232.13% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 250.86 Bn | 238.90 Bn | 2.36 Bn | 29.84% |
| 2 | Generac Holdings | 11.06 Bn | 10.79 Bn | 521.81 Mn | 24.61% |
| 3 | American Superconductor | 1.41 Bn | 1.27 Bn | - | - |
| 4 | Babcock & Wilcox Enterprises | 1.06 Bn | 708.06 Mn | 46.64 Mn | -8.35% |
| 5 | Hyliion Holdings | 662.60 Mn | 662.60 Mn | 366,000.00 | - |
| 6 | HyOrc | 44.31 Mn | 44.25 Mn | 24,000.00 | - |
| 7 | Clean Energy Technologies | 12.53 Mn | 12.28 Mn | 17,619.00 | 0.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.84% |
| Mar 31, 2026 | 6.94% |
| Dec 31, 2025 | -232.13% |
| Sep 30, 2025 | 39.28% |
| Jun 30, 2025 | 23.72% |
| Mar 31, 2025 | 20.48% |
| Dec 31, 2024 | 56.51% |
| Sep 30, 2024 | 18.85% |
| Jun 30, 2024 | 20.10% |
| Mar 31, 2024 | -10.42% |
| Dec 31, 2023 | 37.20% |
| Sep 30, 2023 | -1,056.25% |
| Jun 30, 2023 | -451.85% |
| Mar 31, 2023 | 16.63% |