GE Vernova Inc. stock research
FY2025 Q2
GE Vernova (GEV) Gross Margin — Quarter Ended Jun 30, 2025
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter, producing an improved gross margin. Versus the same quarter last year, revenue and gross profit were also higher, but cost of revenue rose more, resulting in a slightly lower gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter, producing an improved gross margin. Versus the same quarter last year, revenue and gross profit were also higher, but cost of revenue rose more, resulting in a slightly lower gross margin.
- The relative growth rates of revenue and cost of revenue are the strongest observable driver. Sequentially, revenue grew faster than cost, expanding the margin; year over year, cost grew faster than revenue, shrinking the margin.
- Sequentially, gross margin improved as revenue growth exceeded cost growth. Year over year, gross margin weakened as cost growth exceeded revenue growth.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
20.3%
Gross profit
$1.8B
Revenue
$9.1B
Cost of revenue
$7.3B
Quarter-over-quarter change
+2.0 pts
Year-over-year change
-0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $8.9B | $1.1B | $7.8B | 12.4% |
| Dec 31, 2024 | $10.6B | $2.1B | $8.4B | 20.1% |
| Mar 31, 2025 | $8.0B | $1.5B | $6.6B | 18.3% |
| Jun 30, 2025 | $9.1B | $1.8B | $7.3B | 20.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+2.0 pts
Year-over-year change
Jun 30, 2024
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The relative growth rates of revenue and cost of revenue are the strongest observable driver. Sequentially, revenue grew faster than cost, expanding the margin; year over year, cost grew faster than revenue, shrinking the margin.
Sequentially, gross margin improved as revenue growth exceeded cost growth. Year over year, gross margin weakened as cost growth exceeded revenue growth.
Monitor the relative growth rates of revenue and cost of revenue in future quarters.