GE Vernova LLC (GEV)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,498,000 | -130,000 | -2,474,000 | -864,000 |
| Revenue | US$ in thousands | 34,950,000 | 33,239,000 | 29,654,000 | 33,006,000 |
| Pretax margin | 7.15% | -0.39% | -8.34% | -2.62% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,498,000K ÷ $34,950,000K
= 7.15%
The pretax margin of GE Vernova LLC has exhibited variability over the years based on the provided data. In December 31, 2021, the pretax margin was -2.62%, indicating that the company's profitability before taxes was slightly in the negative. Subsequently, the pretax margin deteriorated significantly to -8.34% by December 31, 2022, suggesting a deeper decline in profitability. However, the company managed to reverse this trend by December 31, 2023, with a slightly positive pretax margin of -0.39%, indicating a potential improvement in profitability.
Notably, by December 31, 2024, the pretax margin experienced a notable positive uptick to 7.15%, indicating a significant improvement in profitability before taxes. This positive trend suggests that GE Vernova LLC may have implemented strategic measures to enhance its operating efficiency and profitability in the most recent period.
Overall, the fluctuation in pretax margins over the years underscores the importance of closely monitoring and analyzing financial performance metrics to assess the company's operational effectiveness and financial health. It is crucial for stakeholders to further investigate the factors contributing to these fluctuations to make informed decisions regarding the company's future direction and strategies.
Peer comparison
Dec 31, 2024