GE Vernova LLC (GEV)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,793,000 | 1,899,000 | 270,000 | -49,000 |
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Pretax margin | 5.21% | 5.62% | 0.80% | -0.15% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,793,000K ÷ $34,432,000K
= 5.21%
The pretax margin of GE Vernova LLC has shown variations over the period from December 31, 2023, to September 30, 2024. The margin was negative at -0.15% by the end of December 2023, indicating that the company had incurred operating losses before considering taxes. However, the situation improved significantly by March 31, 2024, with the pretax margin increasing to 0.80%, reflecting better operational efficiency.
The trend continued to show positive signs as of June 30, 2024, with the pretax margin rising to 5.62%. This substantial improvement suggests enhanced profitability and effective cost management within the organization. Despite a slight decrease in the pretax margin to 5.21% by the end of September 2024, the company maintained a relatively strong performance compared to the initial negative margin.
Overall, the positive trend in the pretax margin of GE Vernova LLC indicates improvements in operational efficiency and cost effectiveness over the analyzed period. Management should continue to focus on sustaining and improving profitability to ensure the long-term financial health of the company.
Peer comparison
Sep 30, 2024