GE Vernova LLC (GEV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -438,000 | -2,736,000 | -633,000 |
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Net profit margin | -1.32% | -9.23% | -1.92% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-438,000K ÷ $33,239,000K
= -1.32%
The net profit margin of GE Vernova LLC has shown a significant improvement over the past three years. In 2021, the company reported a net profit margin of -1.92%, indicating that it incurred a loss equivalent to 1.92% of its total revenue. However, there was a notable turnaround in 2022, with the net profit margin improving to -9.23%, albeit still negative. This improvement suggests that the company was able to better manage its expenses relative to its revenue.
The most recent data for 2023 shows a further improvement in the net profit margin, with it becoming -1.32%. Despite still being negative, this indicates that the company's performance has continued to strengthen, signaling a positive trend towards profitability. It is important to note that even though the net profit margin remains negative, the successive improvements highlight the company's efforts in enhancing operational efficiency and controlling costs.
Overall, the positive trajectory in the net profit margin over the three years demonstrates GE Vernova LLC's commitment to enhancing its financial performance and moving towards profitability, albeit from a previously challenging position.
Peer comparison
Dec 31, 2023