GE Vernova (GEV)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-04
$941.95+0.01%
Close 2026-09-04 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · GEV
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within industrials on a research-validated quality screen. As of 2026-09-04.
The screen ranks GEV against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated strong grew net income 67% of the time over the next year (vs 52% for the rest of the cohort, n=6958).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing orders, revenue, and backlog in Power and Electrification, driven by gas turbine equipment, grid equipment, and services growth.
Stated as a priority in 6 of last 6 quarters. Orders increased from $10.2B in 2025-Q1 to $24.2B in 2026-Q2, revenue grew from $8.0B to $11.1B over the same period, driven by Power and Electrification segments. Management consistently raised guidance reflecting this growth, indicating delivering momentum.
“Orders of $24.2B, +88% organically led by robust growth in Power and Electrification”
“Orders of $18.3B, +71% organically with growth in all segments”
“Orders of $22.2B, +65% organically with growth in all segments”
“Orders of $14.6B, +55% organically, led by equipment at Power and Electrification”
“Orders of $12.4B, +4% organically; continued strong demand at Power and Electrification”
“Orders of $10.2B, +8% organically, led by services +16% and Power equipment +43%”
Grow gas turbine equipment backlog to at least 125 GW by year-end 2026 and increase annual gas turbine output to 20 GW in Q3 2026, 24 GW in 2028, and 30 GW in 2030.
Stated in 4 of last 6 quarters. Gas Power equipment backlog increased from 55 GW in 2025-Q3 to 116 GW in 2026-Q2, with management targeting at least 125 GW by year-end 2026 and ramping output capacity to 30 GW by 2030. The trajectory shows clear delivery on backlog growth and capacity expansion.
“Gas Power equipment backlog grew from 100 to 116 GW; anticipate at least 125 GW by year-end 2026”
Generate significant free cash flow growth and raise full-year 2026 free cash flow guidance from $6.5-$7.5B to $11.5-$12.5B.
Stated in 4 of last 6 quarters. Free cash flow increased from $0.7B in 2025-Q3 to $5.1B in 2026-Q2, exceeding full-year 2025 levels. Management raised 2026 free cash flow guidance from $6.5-$7.5B to $11.5-$12.5B, reflecting strong cash generation and delivery on capital allocation priorities.
“Free cash flow of $5.1B in the quarter, more than all of 2025”
Expand adjusted EBITDA margin through volume growth, price, productivity, and disciplined underwriting across segments.
Stated in 6 of last 6 quarters. Adjusted EBITDA margin improved from 5.7% in 2025-Q1 to 11.3% in 2026-Q2, with management raising 2026 guidance to 12%-14%. Margin expansion driven by volume, price, and productivity gains, indicating delivering on profitability improvement.
“Adjusted EBITDA margin of 11.3%, up 340 basis points organically”
Commit to invest $6 billion in capital expenditures and $5 billion in R&D from 2025 through 2028 to support production capacity and breakthrough energy transition technologies.
Stated in 4 of last 6 quarters. Management committed to invest $6B in capital expenditures and $5B in R&D from 2025 through 2028, with quarterly investments reported around $0.2-$0.4B in capex and $0.3B in R&D. The company is maintaining this investment pace consistent with stated priorities.
“Invested $0.4B in capex, part of $6B commitment from 2025-2028; funded $0.3B in R&D spending, part of $5B commitment”
Over the trailing year it converted 1.55x of net income into operating cash flow. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=6654).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates (low R² over the window).
4 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 55% of the time over the next year (vs 58% for the rest of the cohort, n=2546).
Not investment advice. As of 2026-09-04.
“Gas Power equipment backlog grew from 83 to 100 GW; anticipate at least 110 GW by year-end 2026”
“Gas Power equipment backlog grew from 62 to 83 GW”
“Gas Power equipment backlog grew from 55 to 62 GW”
“Free cash flow of $4.8B, more than quadrupling year-over-year”
“Free cash flow of $1.8B in 2025-Q4; full year 2025 free cash flow of $3.7B”
“Free cash flow of $0.7B in 2025-Q3”
“Adjusted EBITDA margin of 9.6%, up 390 basis points”
“Adjusted EBITDA margin of 10.6%”
“Adjusted EBITDA margin of 8.1%”
“Adjusted EBITDA margin of 8.5%”
“Adjusted EBITDA margin of 5.7%”
“Invested $0.4B in capex, part of $6B commitment from 2025-2028; funded $0.3B in R&D spending, part of $5B commitment”
“Invested $0.7B in capex, part of $6B commitment from 2025-2028; funded $0.4B in R&D spending, part of $5B commitment”
“Invested $0.2B in capex, part of $4B commitment through 2028; funded $0.3B in R&D spending, part of $5B commitment”