GE Vernova LLC (GEV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | -480,000 | -1,743,000 | -378,000 |
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Operating profit margin | -1.44% | -5.88% | -1.15% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-480,000K ÷ $33,239,000K
= -1.44%
The operating profit margin of GE Vernova LLC has shown improvement over the past three years. In 2021, the operating profit margin was recorded at -1.15%, indicating that the company's operating expenses exceeded its operating income, resulting in a negative margin. This improved to -5.88% in 2022, suggesting a further deterioration in performance.
However, there was a notable turnaround in 2023, with the operating profit margin reaching -1.44%. Despite remaining negative, this reflects a significant improvement compared to the preceding year.
Overall, while GE Vernova LLC's operating profit margin has been in the negative range over the three years analyzed, the positive trend observed in 2023 suggests that the company may be taking steps to enhance its operational efficiency and profitability.
Peer comparison
Dec 31, 2023