GE Vernova LLC (GEV)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,552,000 | -438,000 | -2,736,000 | -633,000 |
| Total stockholders’ equity | US$ in thousands | 9,546,000 | 7,416,000 | 10,650,000 | — |
| ROE | 16.26% | -5.91% | -25.69% | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,552,000K ÷ $9,546,000K
= 16.26%
The Return on Equity (ROE) of GE Vernova LLC has shown varying trends over the past few years. As of December 31, 2022, the ROE was negative at -25.69%, indicating that the company generated a net loss relative to its equity. However, there was a slight improvement in ROE by December 31, 2023, with a negative ROE of -5.91%, although still not reaching positive territory.
By December 31, 2024, the ROE improved significantly to 16.26%, signifying a positive return on equity. This turnaround indicates that the company was able to generate a profit relative to the equity invested, demonstrating increased efficiency in utilizing shareholder funds to generate earnings. Overall, the varying ROE trends suggest fluctuations in the company's profitability and efficiency in utilizing its equity capital over the analyzed period.
Peer comparison
Dec 31, 2024