GE Vernova LLC (GEV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,084,000 | 5,647,000 | 5,589,000 | 5,034,000 | 4,803,000 |
| Revenue (ttm) | US$ in thousands | 34,951,000 | 34,416,000 | 33,748,000 | 33,674,000 | 33,239,000 |
| Gross profit margin | 17.41% | 16.41% | 16.56% | 14.95% | 14.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,084,000K ÷ $34,951,000K
= 17.41%
The gross profit margin of GE Vernova LLC has shown a positive trend over the past year. It stood at 14.45% as of December 31, 2023, and steadily increased to 17.41% by the end of December 31, 2024. This signifies an improvement in the company's ability to generate profits from its sales after deducting direct costs associated with production. The gradual increase in the gross profit margin indicates that the company may have implemented cost-saving measures or experienced pricing power during the period under review. Overall, the rising trend in the gross profit margin reflects positively on GE Vernova LLC's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024