Gas Power was GE Vernova’s largest segment in fiscal 2025, bringing in $16.01B of $38.52B (42%).
| Subsegments | 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.
Power was GE Vernova’s largest segment in fiscal 2025, bringing in $19.49B of $38.07B (51%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Power | $15.89B | $17.29B | $17.90B | $19.49B |
| Wind | $8.90B | $9.82B | $9.66B | $9.08B |
| Electrification | $4.86B | $6.12B | $7.34B | $9.46B |
| Intersegment Revenues | — | $414.00M | $483.00M | $487.00M |
| Intersegment | $451.00M | — | — | — |
| Other Revenues & Elimination Of Intersegment Revenues | -$451.00M | -$401.00M | -$442.00M | -$451.00M |
| Total | $29.65B | $33.24B | $34.94B | $38.07B |
GE Vernova brought in $38.07B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $34.94B in fiscal 2024. Power was the largest at $19.49B (51.2%), ahead of Electrification at $9.46B (24.8%) and Wind at $9.08B (23.9%). The remaining segment, Intersegment Revenues, brought in $487.00M.
Compared with fiscal 2024, Electrification grew fastest, up 28.9% to $9.46B, while Wind fell the most, down 6.0% to $9.08B.
GE Vernova began breaking out Intersegment Revenues in fiscal 2023, when it brought in $414.00M. GE Vernova stopped reporting Intersegment as a separate segment after fiscal 2022, when it brought in $451.00M. The total is net of Other Revenues & Elimination Of Intersegment Revenues, which took $451.00M off revenue in fiscal 2025.
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%.
GE Vernova (GEV) reports its revenue by subsegments, by segment and by geography. 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.
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 subsegments 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.