GE Vernova LLC (GEV)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,490,000 | 1,786,000 | 1,889,000 | 246,000 | -49,000 |
| Revenue (ttm) | US$ in thousands | 34,951,000 | 34,416,000 | 33,748,000 | 33,674,000 | 33,239,000 |
| Pretax margin | 7.12% | 5.19% | 5.60% | 0.73% | -0.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,490,000K ÷ $34,951,000K
= 7.12%
The pretax margin of GE Vernova LLC has shown a mixed performance over the period analyzed. The margin was negative at -0.15% as of December 31, 2023, indicating that the company was facing challenges generating profits before accounting for taxes. However, there was a notable improvement in the pretax margin in the subsequent quarters. By March 31, 2024, the margin increased to 0.73%, reflecting a turnaround in the company's profitability.
The positive momentum continued into the following quarters, with substantial growth in the pretax margin. By June 30, 2024, the margin improved significantly to 5.60%, showcasing efficient cost management and enhanced revenue generation strategies. Despite a slight dip to 5.19% by September 30, 2024, the company maintained a relatively strong pretax margin performance.
The most recent data as of December 31, 2024, revealed a notable jump in the pretax margin to 7.12%, indicating that GE Vernova LLC was able to further boost its profitability towards the end of the analyzed period. Overall, the trend in the pretax margin suggests that the company made progress in enhancing operational efficiency and financial performance, positioning itself on a path of improved profitability.
Peer comparison
Dec 31, 2024