The Filing Desk

GE Vernova vs NuScale Power

GE Vernova GEV · NuScale Power SMR · Heavy Electrical Equipment

GE Vernova reported revenue of $38.1 billion in fiscal 2025, 1208.5 times NuScale Power's $32 million in fiscal 2025. GE Vernova's revenue grew 9.0% in its latest year, and NuScale Power's fell 15.0%. GE Vernova had an operating margin of 3.6%, against -2190.6% at NuScale Power. Free cash flow was $3.7 billion at GE Vernova and −$460 million at NuScale Power.

Side by side

GE VernovaNuScale Power
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$38.1B$32M
Revenue growth9.0%−15.0%
Revenue growth a year, last 5 years—120.8%
Gross margin19.8%36.3%
Operating margin3.6%−2,190.6%
Net margin12.8%−1,130.3%
Free cash flow$3.7B−$460M
Free cash flow margin9.8%−1,461.7%
Return on capital——
Net debt to EBITDA−3.8x—
Dividends and buybacks$3.6B$0M
Change in diluted share count−0.7%75.6%
Last close$855.12$5.27
P/E at the last close24.6×—
Insider trades, last 12 monthssold $11.5 millionsold $1.8 billion
Piotroski F-score7 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
GE VernovaNuScale Power
Operating margin
Percent of revenue
GE VernovaNuScale Power
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GE VernovaNuScale Power

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the GE Vernova and NuScale Power pages.