GE Vernova LLC (GEV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,085,000 | 4,965,000 | 3,650,000 | 5,314,000 |
| Revenue | US$ in thousands | 34,950,000 | 33,239,000 | 29,654,000 | 33,006,000 |
| Gross profit margin | 17.41% | 14.94% | 12.31% | 16.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,085,000K ÷ $34,950,000K
= 17.41%
The gross profit margin for GE Vernova LLC has shown some fluctuations over the past four years. In December 31, 2021, the gross profit margin was 16.10%, indicating that the company retained approximately 16.10% of its revenue after accounting for the cost of goods sold. By December 31, 2022, the gross profit margin decreased to 12.31%, suggesting a lower efficiency in generating profits from its core operations. However, in December 31, 2023, the gross profit margin improved to 14.94%, indicating better cost management or an increase in sales prices. The most recent data on December 31, 2024, shows a further increase in the gross profit margin to 17.41%, suggesting that the company's ability to generate profits has strengthened. Overall, the trend in the gross profit margin of GE Vernova LLC reflects a mix of challenges and improvements in its profitability over the analyzed period.
Peer comparison
Dec 31, 2024