GE Vernova Inc. stock research
FY2025 Q4
GE Vernova (GEV) Gross Margin — Quarter Ended Dec 31, 2025
Revenue increased while cost of revenue increased at a slower pace, resulting in higher gross profit and an improved gross margin. The margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue increased while cost of revenue increased at a slower pace, resulting in higher gross profit and an improved gross margin. The margin strengthened compared to both the immediately preceding quarter and the same quarter one year earlier.
- The strongest observable margin driver is the faster growth of gross profit relative to cost of revenue, as gross margin expanded despite rising costs.
- Compared to the prior quarter, revenue was higher and gross margin improved. Compared to the same quarter last year, both revenue and gross margin were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
21.2%
Gross profit
$2.3B
Revenue
$11.0B
Cost of revenue
$8.6B
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+1.1 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $8.0B | $1.5B | $6.6B | 18.3% |
| Jun 30, 2025 | $9.1B | $1.8B | $7.3B | 20.3% |
| Sep 30, 2025 | $10.0B | $1.9B | $8.1B | 19.0% |
| Dec 31, 2025 | $11.0B | $2.3B | $8.6B | 21.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
+2.2 pts
Year-over-year change
Dec 31, 2024
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the faster growth of gross profit relative to cost of revenue, as gross margin expanded despite rising costs.
Compared to the prior quarter, revenue was higher and gross margin improved. Compared to the same quarter last year, both revenue and gross margin were higher.
Monitor the trend in cost of revenue, as its movement relative to revenue continues to influence margin direction.