GE Vernova LLC (GEV)
Net profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,163,000 | 1,089,000 | -355,000 | -540,000 |
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Net profit margin | 3.38% | 3.22% | -1.05% | -1.62% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,163,000K ÷ $34,432,000K
= 3.38%
Based on the provided data for GE Vernova LLC, the trend in the net profit margin has been fluctuating over the periods indicated. The net profit margin was negative in December 31, 2023, and March 31, 2024, showing values of -1.62% and -1.05%, respectively. However, there was a notable improvement in the net profit margin in June 30, 2024, and September 30, 2024, with values of 3.22% and 3.38%, respectively.
The negative net profit margins recorded in the earlier periods may indicate that the company's expenses exceeded its revenues during that time. However, the subsequent positive net profit margins suggest that the company was able to generate more profit relative to its revenue in the later periods.
It is essential for GE Vernova LLC to sustain or improve its positive net profit margins to ensure financial stability and profitability in the long run. Monitoring and analyzing the factors contributing to these fluctuations in net profit margin can help the company make informed decisions to optimize its financial performance.
Peer comparison
Sep 30, 2024