GE Vernova LLC (GEV)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,552,000 | 1,163,000 | 1,089,000 | -355,000 | -540,000 |
| Revenue (ttm) | US$ in thousands | 34,951,000 | 34,416,000 | 33,748,000 | 33,674,000 | 33,239,000 |
| Net profit margin | 4.44% | 3.38% | 3.23% | -1.05% | -1.62% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,552,000K ÷ $34,951,000K
= 4.44%
The net profit margin of GE Vernova LLC has shown fluctuations in the recent quarters. As of December 31, 2023, the net profit margin was at -1.62%, indicating that the company experienced a loss relative to its revenue. However, this improved slightly to -1.05% by March 31, 2024.
A positive shift occurred in the subsequent quarters, with the net profit margin rising to 3.23% by June 30, 2024, and further increasing to 3.38% by September 30, 2024. This suggests that the company was able to generate more profit from its revenue during these periods.
The most significant improvement was seen by December 31, 2024, where the net profit margin jumped to 4.44%. This indicates that the company was more efficient in controlling costs and expenses relative to its revenue, resulting in a higher level of profitability.
Overall, based on the trend observed, GE Vernova LLC has made progress in enhancing its net profit margin over the quarters, showcasing a positive direction in its financial performance.
Peer comparison
Dec 31, 2024