GE Vernova LLC (GEV)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,552,000 | -438,000 | -2,736,000 | -633,000 |
| Revenue | US$ in thousands | 34,950,000 | 33,239,000 | 29,654,000 | 33,006,000 |
| Net profit margin | 4.44% | -1.32% | -9.23% | -1.92% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,552,000K ÷ $34,950,000K
= 4.44%
The net profit margin of GE Vernova LLC has varied significantly over the past four years. In December 2021, the net profit margin was -1.92%, indicating that the company was operating at a loss relative to its revenue. This negative trend intensified in December 2022, with the net profit margin decreasing to -9.23%, suggesting that the company's expenses were outpacing its revenue by a significant margin.
However, there was a notable improvement in December 2023, where the net profit margin improved to -1.32%. While still negative, this indicates that the company's financial performance was better compared to the previous two years. The most significant improvement was seen in December 2024, with the net profit margin rising to 4.44%, turning positive for the first time in the analyzed period. This positive net profit margin suggests that the company was able to generate profit after accounting for all expenses and taxes.
Overall, the fluctuating net profit margins of GE Vernova LLC reflect a period of financial instability, but the improvement in December 2024 indicates that the company may be on a path towards sustainable profitability.
Peer comparison
Dec 31, 2024