GE Vernova Reports 9% Revenue Growth to $38.1 Billion in 2025 Fiscal Year

GE Vernova Inc. reported significant financial growth in its 2025 fiscal year, with total revenues reaching $38.1 billion, a 9% increase from $34.9 billion in 2024. The company also achieved a net income of $4.9 billion, up from $1.6 billion the previous year, resulting in a net income margin of 12.8%. Diluted earnings per share rose to $17.69, compared to $5.58 in 2024. The company’s cash flow from operating activities also improved, totaling $5.0 billion, up from $2.6 billion in the prior year.

The company experienced a notable increase in its Remaining Performance Obligations (RPO), which rose to $150.2 billion, a 26% increase from $119.0 billion in 2024. This growth was primarily driven by the Power segment, particularly in Gas Power, which saw increased demand for Heavy-Duty Gas Turbines and Aeroderivative equipment. The Electrification segment also contributed to this growth, with significant demand for grid solutions and power conversion technologies. However, the Wind segment faced challenges, particularly in Offshore Wind, where project delays and policy uncertainties led to a decrease in orders.

Strategically, GE Vernova announced the acquisition of the remaining 50% stake in Prolec GE, a joint venture with Xignux, for approximately $5.3 billion, expected to close in February 2026. This acquisition is part of the company's strategy to enhance its capabilities in grid equipment supply. Additionally, the company has streamlined its product offerings within the Electrification segment, combining its Power Conversion and Solar & Storage Solutions business units to improve operational efficiency.

Operationally, GE Vernova's workforce consisted of approximately 75,000 employees, with a significant portion engaged in manufacturing and engineering roles. The company reported strong customer engagement metrics, with a gas turbine installed base of about 7,000 units and approximately 1,800 units under long-term service agreements. The company also emphasized its commitment to sustainability, aiming for carbon neutrality in its operations by 2030 and investing heavily in research and development, with plans to allocate approximately $5 billion from 2025 to 2028.

Looking ahead, GE Vernova anticipates continued growth driven by the global energy transition and increasing demand for sustainable energy solutions. The company is focused on enhancing its production capacity and efficiency while navigating challenges such as supply chain disruptions and regulatory changes. The management expressed confidence in its ability to meet customer demands and achieve its sustainability goals, positioning itself as a leader in the evolving electric power industry.