GE Vernova Inc
MIL:1GEV
GE Vernova Inc
GE Vernova, Inc. is a electric power industry. The company is headquartered in Cambridge, Massachusetts and currently employs 75,000 full-time employees. The company went IPO on 2024-02-26. The company designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Its segments include Power, Wind and Electrification. Power segment includes design, manufacture, and servicing of gas, nuclear, hydro and steam technologies, providing a critical foundation of dispatchable, flexible, stable and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage and orchestration of electricity from point of generation to point of consumption. Its accelerator businesses include consulting services, advanced research and financial services. The company has over 57,000 wind turbines and 7,000 gas turbines.
GE Vernova, Inc. is a electric power industry. The company is headquartered in Cambridge, Massachusetts and currently employs 75,000 full-time employees. The company went IPO on 2024-02-26. The company designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Its segments include Power, Wind and Electrification. Power segment includes design, manufacture, and servicing of gas, nuclear, hydro and steam technologies, providing a critical foundation of dispatchable, flexible, stable and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage and orchestration of electricity from point of generation to point of consumption. Its accelerator businesses include consulting services, advanced research and financial services. The company has over 57,000 wind turbines and 7,000 gas turbines.
Backlog Growth: GE Vernova closed 2025 with a record $150 billion backlog, up over 25% year-over-year, reflecting strong order momentum in Power and Electrification.
Revenue & Orders: Full-year revenue reached $38 billion, up 9% YoY, and total orders hit $59 billion, up 34% YoY; Q4 orders surged 65% YoY.
Profitability: Adjusted EBITDA margin expanded by 210 basis points YoY to 12.5%; free cash flow more than doubled YoY to $3.7 billion.
Guidance Raised: 2026 revenue guidance increased to $44–45 billion (from $41–42B), with free cash flow guidance now at $5–5.5 billion (from $4.5–5B), including the Prolec GE acquisition.
Electrification Surge: Electrification segment posted over 25% revenue growth in 2025 and is expected to deliver $13.5–14 billion in 2026 revenue, with Prolec GE adding about $3 billion.
Wind Headwinds: Wind segment losses reached $600 million in 2025, higher than expected due to a U.S. offshore wind halt; improvement is seen for 2026 but challenges remain.
Capital Returns: $3.6 billion was returned to shareholders in 2025, dividend to double in 2026, and stock buyback authorization increased from $6 billion to $10 billion.
Margin Expansion: Equipment backlog margin improved by 6 points in 2025, with Power segment seeing 11 points of growth; further margin improvement expected in 2026.
