FINHUB Insights

GEV · Q4 FY23 · Oct 1 – Dec 31, 2023

GE Vernova Q4 FY23: where the revenue came from and where it went

GE Vernova Q4 FY23: revenue $10.0B (+0% year over year). Net profit $0.20B. Largest cohort Services revenues power $3.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2023
Reported
Jul 22, 2026 10-Q
Sankey diagram of GE Vernova's income statement for Q4 FY23: revenue of $10.05 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$10.05B +0% year over year
Gross profit$1.70B 17% margin
Operating profit$0.19B 2% margin
Net profit$0.20B 2% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY23 (period ends Dec 31, 2023).
ItemValueShare of revenueYear over year
Revenue 10.05 100% +0%
Services revenues power 3.51 35%
Equipment… electrification 3.11 31%
Equipment revenues power 1.96 19%
Wind 0.63 6%
Services… electrification 0.50 5%
Other 0.34 3%
Cost of revenue−8.3483%
Gross profit1.7017% margin+0pp
R&D−0.263%+0pp
SG&A−1.2512%+0pp
Operating profit0.192% margin+0pp
Tax−0.12
Net profit0.202%+0pp
Filing on EDGAR More quarters of GEV

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.