GE Vernova LLC (GEV)

Return on total capital

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 2,829,000 2,316,000 1,210,000 1,092,000 677,000 502,000 867,000 334,000 22,000
Long-term debt US$ in thousands — — — — — — — — —
Total stockholders’ equity US$ in thousands 11,178,000 8,646,000 8,877,000 8,607,000 9,546,000 9,504,000 9,067,000 8,974,000 7,416,000
Return on total capital 25.31% 26.79% 13.63% 12.69% 7.09% 5.28% 9.56% 3.72% 0.30%

December 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,829,000K ÷ ($—K + $11,178,000K)
= 25.31%