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Stocks/Industrials/Heavy Electrical Equipment

GE VernovaGEV

Heavy Electrical Equipment · Cambridge, Massachusetts · In the S&P 500
Solid businessPricier than peers
$857.87−3.38%After hours: $860.35 (+0.29%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 48.4% over 1 year
GE Vernova over 1 yearDaily close, $, to 30 Oct 2026
$600$800$1,000$1,200Nov2026MarMayJulSep$857.87$750$1,000NovMarJul$857.87
Source: Nasdaq daily closes
Market value$227B
Price to earnings22.5x
Forward P/E40.8x
Dividend yield0.23%
Year to date+31.3%
One year+48.4%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$547.96$1,174.86

Quality and valuation

How GE Vernova compares with other industrials stocks. A description, not a recommendation.

GE Vernova and 7 heavy electrical equipment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among industrials companies, priced above most of them.

GE Vernova trades at 40.8 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +16.9% vs +8.2%
  • Keeps less of each sale (gross margin): 21.7% vs 38.1%
  • Less profitable (operating margin): 6.4% vs 17.5%
  • Turns more of its sales into cash: 38.9% vs 13.1%
GEV trades at 40.8x forward earnings, above the sector medianForward p/e, Heavy Electrical Equipment peers
LMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xETN24.4xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 22.5x earnings, GEV is cheaper than its average since Feb 2025Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
50x100x150xAverage 70.0x202622.5x50x100x150xAverage 70.0x202622.5x
Source: Nasdaq prices; SEC filings

Financials

From GE Vernova's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 26.8% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.6bnQ3 ’26$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.6bnQ3 ’26
Source: SEC filings
Growth sped up to +26.8% last quarterRevenue growth, year on year, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2526.8%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2526.8%Q3 ’26
Source: SEC filings
Operating margin was 11.0% last quarterOperating income as a share of revenue, %
0%5%10%Q4 ’24Q2 ’25Q4 ’2511.0%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’2511.0%Q3 ’26
Source: SEC filings
Free cash flow was $17.1 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$5.4bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$5.4bnQ3 ’26
Source: SEC filings
Last 12 monthsGEVSector median
Revenue growth+16.9%+8.2%
Gross margin21.7%38.1%
Operating margin6.4%17.5%
Free cash flow margin38.9%13.1%
Price to earnings22.5x25.8x

Stories on GE Vernova

Thursday, 29 October
Earnings

GE Vernova (GEV) Tops Q3 Estimates as Orders Nearly Double to $29 Billion

GE Vernova's revenue rose 27% to $12.64 billion, beating the $11.99 billion expected, as orders jumped 96%. The stock fell 1.9% on Wednesday, then rose 1.1% on Thursday.

GEV▲ 1.1%
Wind turbines and a gas turbine on a hill with a line of crates

Similar companies

Heavy Electrical Equipment, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B
BABoeing$171.55−0.64%−21.0%$136B