GE Vernova Inc. Earnings Per Share Disclosure
(In millions, except per share amounts) | 2025 | 2024 | 2023 |
Numerator: | |||
Net income (loss) | $4,879 | $1,559 | $(474) |
Net loss (income) attributable to noncontrolling interests | 4 | (7) | 36 |
Net income (loss) attributable to GE Vernova | $4,884 | $1,552 | $(438) |
Denominator: | |||
Basic weighted-average shares outstanding | 272 | 275 | 274 |
Dilutive effect of common stock equivalents | 4 | 3 | — |
Diluted weighted-average shares outstanding | 276 | 278 | 274 |
Basic earnings (loss) per share | $17.92 | $5.65 | $(1.60) |
Diluted earnings (loss) per share | $17.69 | $5.58 | $(1.60) |
Antidilutive securities(a) | 1 | 1 | — |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 29, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.