GE Vernova Inc. (GEV) Key Metrics
GEV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $245.35B
- Enterprise value
- $243.18B
- P/E (TTM)
- 26.4
- Forward P/E
- 38.8
- PEG ratio
- 1.86
- Price / sales
- 5.9
- Price / book
- 21.2
- EV / EBITDA
- 81.0
- Dividend yield
- 0.22% $2.00 a year
- Beta
- 0.97
GEV key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGEV valuation Price multiples at each fiscal year-end price.
GEV returns How much profit the business earns on the capital it uses.
GEV per-share figures Results divided by the shares outstanding at year-end.
GEV financial health Debt, liquidity and how easily interest is covered.
GEV efficiency & capital use Working capital cycle and where the cash goes.
GEV valuation history
GEV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GEV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GEV cash returned to shareholders
GEV price vs earnings per share
GEV key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $180.39B | $91.44B | — | — | — |
| Enterprise value | $171.87B | $84.86B | — | — | — |
| P/E ratio | 36.9 | 58.9 | — | — | — |
| Price / sales | 4.7 | 2.6 | — | — | — |
| Price / book | 16.1 | 9.6 | — | — | — |
| Price / free cash flow | 48.6 | 53.8 | — | — | — |
| Price / operating cash flow | 36.2 | 35.4 | — | — | — |
| EV / sales | 4.5 | 2.4 | — | — | — |
| EV / EBITDA | 46.7 | 23.1 | — | — | — |
| EV / free cash flow | 46.3 | 49.9 | — | — | — |
| Earnings yield | 2.7% | 1.7% | — | — | — |
| Free cash flow yield | 2.1% | 1.9% | — | — | — |
| Dividend yield | 0.2% | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $653.57 | $328.93 | — | — | — |
| Per share | |||||
| Revenue per share | $137.93 | $125.69 | $122.16 | $108.99 | $121.31 |
| Earnings per share | $17.70 | $5.58 | −$1.61 | −$10.06 | −$2.33 |
| Operating cash flow per share | $18.07 | $9.29 | $4.36 | −$0.42 | −$6.10 |
| Free cash flow per share | $13.45 | $6.12 | $1.62 | −$2.30 | −$8.22 |
| Cash per share | $32.06 | $29.51 | $5.70 | $7.60 | — |
| Book value per share | $40.50 | $34.34 | $27.26 | $39.14 | — |
| Tangible book value per share | $21.78 | $16.08 | $7.12 | $19.52 | — |
| Dividends per share | $1.00 | $0.00 | $0.00 | — | — |
| Capex per share | $4.63 | $3.18 | $2.73 | $1.89 | $2.12 |
| Debt per share | $1.19 | $5.84 | $6.28 | $6.09 | — |
| Shares outstanding | 276.0M | 278.0M | 272.1M | 272.1M | 272.1M |
| Change in shares outstanding | −0.7% | +2.2% | 0.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | 47.1% | 18.3% | −4.8% | −25.7% | — |
| Return on invested capital (ROIC) | 49.4% | 9.3% | −8.2% | −22.2% | — |
| Return on assets (ROA) | 8.5% | 3.2% | −1.0% | −6.2% | — |
| Return on tangible assets | 8.4% | 3.3% | −1.1% | −7.0% | — |
| Free cash flow margin | 9.7% | 4.9% | 1.3% | −2.1% | −6.8% |
| Income quality (OCF / net income) | 1.02 | 1.66 | — | — | — |
| Financial health | |||||
| Total debt | $328.0M | $1.62B | $1.71B | $1.66B | — |
| Cash & short-term investments | $8.85B | $8.21B | $1.55B | $2.07B | — |
| Net debt | −$8.52B | −$6.58B | $158.0M | −$411.0M | — |
| Debt / equity | 0.03 | 0.17 | 0.23 | 0.16 | — |
| Debt / assets | 0.01 | 0.03 | 0.04 | 0.04 | — |
| Net debt / EBITDA | −2.31 | −1.79 | 0.17 | — | — |
| Current ratio | 0.98 | 1.08 | 0.94 | 0.99 | — |
| Quick ratio | 0.73 | 0.83 | 0.69 | 0.74 | — |
| Interest coverage | — | 6.6 | -9.4 | -19.1 | -5.1 |
| Working capital | −$756.0M | $2.47B | −$1.88B | −$141.0M | — |
| Invested capital | $2.66B | $2.96B | $7.57B | $10.24B | — |
| Tangible asset value | $7.13B | $5.52B | $2.90B | $6.27B | — |
| Net current asset value | −$10.51B | −$6.74B | −$10.31B | −$6.96B | — |
| Graham number | $126.98 | $65.68 | — | — | — |
| Graham net-net per share | −$80.93 | −$58.20 | −$75.76 | −$59.79 | — |
| Capital allocation | |||||
| Dividends paid | $275.0M | $0 | $0 | — | — |
| Share buybacks (net) | $3.32B | $43.0M | $0 | — | — |
| Dividend payout ratio | 5.6% | 0.0% | — | — | — |
| Dividends + buybacks / free cash flow | 96.8% | 2.5% | 0.0% | — | — |
| Capex / revenue | 3.4% | 2.5% | 2.2% | 1.7% | 1.7% |
| Capex / operating cash flow | 25.6% | 34.2% | 62.7% | — | — |
| Capex / depreciation | 1.50 | 0.75 | 0.77 | 0.29 | 0.49 |
| Stock-based compensation / revenue | — | — | −11.7% | −10.0% | −9.0% |
| R&D / revenue | 3.1% | 2.8% | 2.7% | 3.3% | 3.1% |
| SG&A / revenue | 13.0% | 13.3% | 14.8% | 18.1% | 14.6% |
| Efficiency | |||||
| Days sales outstanding | 172.1 | 171.1 | 169.4 | 183.1 | — |
| Days of inventory on hand | 109.1 | 95.7 | 89.5 | 94.0 | — |
| Days payables outstanding | 63.7 | 61.5 | 57.4 | 59.0 | — |
| Cash conversion cycle (days) | 217.4 | 205.4 | 201.5 | 218.1 | — |
| Receivables turnover | 2.12 | 2.13 | 2.16 | 1.99 | — |
| Payables turnover | 5.73 | 5.94 | 6.36 | 6.19 | — |
| Inventory turnover | 3.35 | 3.81 | 4.08 | 3.88 | — |
| Asset turnover | 0.66 | 0.72 | 0.73 | 0.67 | — |
| Average receivables | $17.95B | $16.38B | $15.42B | $14.88B | — |
| Average payables | $5.33B | $4.82B | $4.47B | $4.23B | — |
| Average inventory | $9.12B | $7.51B | $6.97B | $6.75B | — |
| Intangibles / total assets | 8.2% | 9.9% | 11.9% | 12.0% | — |
Computed from GEV's annual financial statements (latest annual report filed January 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GEV valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), GE Vernova traded at 36.9 times earnings. Based on the latest twelve months, the trailing P/E is 26.4 and the forward P/E is 38.8. GE Vernova earned a return on equity of 47.1% and a return on invested capital of 49.4% in fiscal 2025. It ended the year with $328.0 million of debt and $8.8 billion in cash and short-term investments, a net cash position of $8.5 billion. It returned $3.6 billion to shareholders: $275.0 million in dividends and $3.3 billion in share buybacks, 97% of free cash flow.
See the GEV income statement, the GEV chart for price history, or the GEV stock overview for the latest quote and news.
GEV key metrics FAQ
What is GE Vernova's P/E ratio?
GE Vernova's trailing P/E ratio is 26.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 38.8. At the end of fiscal 2025 it was 36.9.
What is GE Vernova's EV/EBITDA?
GE Vernova's enterprise value was 46.7 times EBITDA at the end of fiscal 2025 (enterprise value $171.9 billion, EBITDA $3.7 billion); the current EV/EBITDA is 81.0.
What is GE Vernova's return on equity?
GE Vernova's return on equity (ROE) was 47.1% in fiscal 2025: net income of $4.9 billion on average shareholders' equity of $10.4 billion.
What is GE Vernova's ROIC?
GE Vernova's return on invested capital was 49.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does GE Vernova have?
GE Vernova had total debt of $328.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
What is GE Vernova's dividend yield?
GE Vernova's forward dividend yield is 0.22%. GE Vernova paid $275.0 million in dividends in fiscal 2025 ($1.00 per share), a payout ratio of 5.6%.
Does GE Vernova buy back its shares?
Yes. GE Vernova spent $3.3 billion on net share repurchases in fiscal 2025 Shares outstanding changed −0.7% over the year, to 276.0M..
What is GE Vernova's free cash flow yield?
GE Vernova generated $3.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.1% on its market value at year-end ($180.4 billion).
What is GE Vernova's current ratio?
GE Vernova's current ratio was 0.98 at the end of fiscal 2025: current assets were 0.98 times current liabilities.