CluenexGE Vernova GEV
GE Vernova scores good on business quality (6.4 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What GE Vernova does
GE Vernova manufactures gas turbines, wind turbines, and grid software, selling equipment and maintenance services to global utilities and power generators. The business is capturing grid upgrade demand, scaling nuclear backlog, and expanding manufacturing capacity to meet electrification needs.
- What it does best
GE Vernova converts revenue into free cash flow with exceptional efficiency, hitting the top decile of its sector at a 99% FCF margin rank. This cash machine status stems from massive installed turbine fleets that require high-margin service contracts over decades.
- The main risk
Supply chain bottlenecks and rising component costs threaten project execution across its wind and grid divisions. If material inflation persists, it risks eroding the slim 5.1% operating margin that supports its current valuation.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins sit at 5.1% while net margin reaches 23.0%, driven by non-operating gains and tax benefits. The low operating margin shows that scaling revenue does not yet translate into thick core operating profits.
Its moat relies on a massive installed base of power generation equipment that locks in utilities for decades of servicing. However, a low gross margin sector percentile of 14 limits pricing power against competing heavy equipment makers.
Revenue grew 9.0% to $41.4 billion, showing steady top-line acceleration compared to prior years where revenue sat near $33.0 billion. Grid equipment demand is the primary engine pulling this growth forward.
Debt is negligible with total debt at $328.0 million against $8.9 billion in cash, leaving net debt negative at -$8.6 billion. Free cash flow surged to $12.4 billion, reflecting a fortress balance sheet getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on GEV
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
GE Vernova scores good on the Cluenex quality check (6.4 of 10), measured against its own industry. Profitability is fair, moat weak, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 28, 2026.
See GEV today
- Today's verdict on GEV, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “GE Vernova (GEV)”, https://cluenex.com/stocks/gev/, data as of Oct 10, 2026.