Similar companies
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 8.21B | 13.1% |
Gross Profit | 1.74B | 51.2% |
Cost of Revenue | 6.48B | 6% |
Operating expense | 1.09B | 24.6% |
Net Income | 1.29B | 1095.4% |
EBITDA | 908M | 685.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 48.1B | 0.4% |
Total Liabilities | 38B | 0.3% |
Total Equity | 9.07B | 1% |
Shares Outstanding | 278M | 2.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 982M | 321.2% |
Cash from financing | 970M | 49.8% |
EPS
Financial Highlights for GE Vernova in Q2 '24
GE Vernova reported a revenue of 8.21B, which is a 13.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.74B, marking a 51.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 6.48B, a 6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.09B, showing a -24.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.29B, showing a 1095.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 908M, showing a 685.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GE Vernova with growth in revenue, gross profit, and net income.