GE Vernova LLC (GEV)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 2,828,000 2,498,000 -32,000 -2,323,000 -692,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 11,178,000 9,546,000 7,416,000 10,650,000 —
Return on total capital 25.30% 26.17% -0.43% -21.81% —

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,828,000K ÷ ($—K + $11,178,000K)
= 25.30%