GE Vernova
GEV Β· Heavy Electrical Equipment
$815.00
1.5%Honeywell Technologies
HON Β· Industrial Conglomerates
$221.15
1.3%The short version
- GE Vernova is the larger business, with $38.1B of revenue in fiscal 2025 against $37.4B for Honeywell Technologies.
- GE Vernova grew revenue faster (9.0%, against 7.9%).
- Honeywell Technologies kept more of each dollar of sales as operating profit (21.7% operating margin, against 3.7% operating margin).
- Honeywell Technologies turned more of its sales into free cash flow (14.5% FCF margin, against 9.8% FCF margin).
| Latest fiscal year | GEV Β· FY25 | HON Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $220.1B | $70.6B |
| Revenue | $38.1B | $37.4B |
| Free cash flow | $3.7B | $5.4B |
| Net income | $4.9B | $4.7B |
| Growth | ||
| Revenue growth | 9.0% | 7.9% |
| 5-year growth | β | 2.8% |
| Share count change | β0.7% | β1.9% |
| Profitability | ||
| Gross margin | 19.8% | 36.9% |
| Operating margin | 3.7% | 21.7% |
| Net margin | 12.8% | 12.6% |
| FCF margin | 9.8% | 14.5% |
| Return on capital | β | 17.1% |
| Return on equity | 47.1% | 29.1% |
| Balance sheet | ||
| Net debt | β$8.5B | $22.1B |
| Net debt / EBITDA | β3.8x | 2.3x |
| Dividends and buybacks | $3.6B | $6.8B |
| Valuation & quality | ||
| P/E | 23.4x | β |
| Piotroski F-score | 7 | 4 |
FY16
GEV β
HON $39.3B
FY17
GEV β
HON $40.5B
FY18
GEV β
HON $41.8B
FY19
GEV β
HON $36.7B
FY20
GEV β
HON $32.6B
FY21
GEV β
HON $34.4B
FY22
GEV $29.7B
HON $35.5B
FY23
GEV $33.2B
HON $33.0B
FY24
GEV $34.9B
HON $34.7B
FY25
GEV $38.1B
HON $37.4B
GEV
HON
FY16
GEV β
HON β
FY17
GEV β
HON β
FY18
GEV β
HON β
FY19
GEV β
HON β
FY20
GEV β
HON β
FY21
GEV β
HON β
FY22
GEV β9.7%
HON 22.6%
FY23
GEV β2.8%
HON 22.9%
FY24
GEV 1.4%
HON 22.1%
FY25
GEV 3.7%
HON 21.7%
GEV
HON
FY16
GEV β
HON $4.4B
FY17
GEV β
HON $4.9B
FY18
GEV β
HON $5.6B
FY19
GEV β
HON $6.1B
FY20
GEV β
HON $5.3B
FY21
GEV β
HON $5.1B
FY22
GEV β$627M
HON $4.5B
FY23
GEV $442M
HON $4.6B
FY24
GEV $1.7B
HON $5.2B
FY25
GEV $3.7B
HON $5.4B
GEV
HON
FY16
GEV β
HON 20.3%
FY17
GEV β
HON 14.8%
FY18
GEV β
HON 30.2%
FY19
GEV β
HON 27.1%
FY20
GEV β
HON 20.8%
FY21
GEV β
HON 22.3%
FY22
GEV β
HON 22.9%
FY23
GEV β
HON 21.5%
FY24
GEV 5.9%
HON 17.7%
FY25
GEV β
HON 17.1%
GEV
HON
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.