GE Vernova Reports Strong Q1 2025 Financial Results

GE Vernova delivered a solid performance in the first quarter of 2025, showing notable growth across orders, revenues, margins, and cash generation.

- Orders reached $10.2 billion, up 8% organically, with strong contributions from services (+16%) and Power equipment (+43%).
- Backlog increased by $4.4 billion sequentially, bringing Gas Power equipment backlog to 29 GW, along with 21 GW in slot reservation agreements.
- Revenue was $8.0 billion, up 11% reported and 15% organically, driven by growth in both equipment and services.
- Net income rose to $0.3 billion, a $0.4 billion improvement year-over-year, with a 3.3% net income margin (+480 basis points).
- Adjusted EBITDA came in at $0.5 billion with a 5.7% margin.
- Cash from operating activities totaled $1.2 billion, up $1.6 billion from the prior year; free cash flow was $1.0 billion, also up $1.6 billion.
- The company reported a strong cash position of $8.1 billion and returned $1.3 billion to shareholders.
- 2025 full-year guidance was reaffirmed, incorporating the estimated effects of current tariffs and related inflation.

GE Vernova continues to demonstrate resilience and strong operational performance as it supports the energy transition through its power and electrification technologies.