Gas Power was GE Vernova’s largest segment in fiscal 2025, bringing in $16.01B of $38.52B (42%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Gas Power | $12.08B | $13.22B | $14.47B | $16.01B |
| Onshore Wind | $7.94B | $7.76B | $7.78B | $8.24B |
| Grid Solutions | $3.13B | $3.96B | $4.96B | $6.62B |
| Steam Power | $2.64B | $2.50B | $2.06B | $1.94B |
| Power Conversion Storage | — | $1.55B | $1.68B | $2.05B |
| Offshore Wind | $531.00M | $1.46B | $1.38B | $652.00M |
| Electrification Software | $804.00M | $874.00M | $917.00M | $973.00M |
| Power Conversion | $843.00M | — | — | — |
| Nuclear Power | $699.00M | $827.00M | $819.00M | $1.02B |
| Hydro Power | $703.00M | $887.00M | $781.00M | $806.00M |
| Lm Wind Power | $433.00M | $610.00M | $542.00M | $217.00M |
| Solar Storage Solutions | $296.00M | — | — | — |
| Total | $30.11B | $33.64B | $35.38B | $38.52B |
GE Vernova brought in $38.52B from its 10 segments in fiscal 2025, the year ended December 31, 2025. That was up 8.9% from $35.38B in fiscal 2024. Gas Power was the largest at $16.01B (41.6%), ahead of Onshore Wind at $8.24B (21.4%) and Grid Solutions at $6.62B (17.2%). The other seven segments brought in $7.65B combined.
Compared with fiscal 2024, Grid Solutions grew fastest, up 33.5% to $6.62B, while Steam Power fell the most, down 6.1% to $1.94B.
GE Vernova began breaking out Power Conversion Storage in fiscal 2023, when it brought in $1.55B. GE Vernova stopped reporting Power Conversion ($843.00M in fiscal 2022) and Solar Storage Solutions ($296.00M in fiscal 2022) as separate segments.
U.S was GE Vernova’s largest region in fiscal 2025, bringing in $17.34B of $38.07B (46%).
| Geography | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| U.S | $11.59B | $12.47B | $14.68B | $17.34B |
| Europe | $6.58B | $8.42B | $8.33B | $7.59B |
| Asia | $4.94B | $5.26B | $4.70B | $4.63B |
| Middle East & Africa | $3.45B | $3.92B | $4.19B | $5.39B |
| Americas | $3.09B | $3.18B | $3.04B | $3.12B |
| Total | $29.65B | $33.24B | $34.93B | $38.07B |
GE Vernova brought in $38.07B from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $34.93B in fiscal 2024. U.S was the largest at $17.34B (45.6%), ahead of Europe at $7.59B (19.9%) and Middle East & Africa at $5.39B (14.2%). The other two regions brought in $7.75B combined.
Compared with fiscal 2024, Middle East & Africa grew fastest, up 28.5% to $5.39B, while Europe fell the most, down 8.8% to $7.59B. From fiscal 2022 to 2025, combined revenue from these regions grew from $29.65B to $38.07B, a compound annual growth rate of 8.7%. U.S's share of the total rose from 39.1% to 45.6%.
Services was GE Vernova’s largest product and service line in fiscal 2025, bringing in $13.07B of $20.36B (64%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Services | $11.04B | $11.76B | $12.39B | $13.07B |
| Equipment | $7.60B | $8.33B | $8.02B | $7.29B |
| Total | $18.63B | $20.09B | $20.41B | $20.36B |
GE Vernova brought in $20.36B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $38.52B it reports by segment, so these lines do not cover all of its revenue. Services was the largest at $13.07B (64.2%), ahead of Equipment at $7.29B (35.8%).
Compared with fiscal 2024, Services grew 5.5% to $13.07B, while Equipment fell 9.1% to $7.29B.
GE Vernova (GEV) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Gas Power was its largest segment, bringing in $16.01B (41.6% of the total), followed by Onshore Wind at $8.24B (21.4%).
Gas Power was GE Vernova's largest segment in fiscal 2025, bringing in $16.01B, or 41.6% of the $38.52B total across its 10 segments.
U.S was GE Vernova's largest region in fiscal 2025, bringing in $17.34B, or 45.6% of the $38.07B total across its five regions.
Services was GE Vernova's largest product and service line in fiscal 2025, bringing in $13.07B, or 64.2% of the $20.36B total across its two product and service lines.
Among GE Vernova's segments that make up at least 2% of revenue, Grid Solutions grew fastest in fiscal 2025, up 33.5% from $4.96B to $6.62B.
Every figure comes from GE Vernova's annual financial filings, as reported. Each line keeps the name GE Vernova gives it, and years follow its fiscal calendar.
GE Vernova's revenue by segment goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.