GE Vernova Inc. — Earnings Quality Grade D
GEV · Industrials
Significant concerns
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 75 days, change +9 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 9.0%, CFFO 93.1%. Cash follows revenue
Expense Quality
Inventory growth 23.4% far exceeds COGS 5.8%, margin rising. Fraud signal
CapEx growth 44.6% is >2x revenue growth 9.0%
SG&A/Gross Profit = 65.7%. Normal
Gross margin 19.8%, change +2.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.02. Profits backed by cash
FCF $3.7B, FCF/NI = 0.76
Accruals ratio = -0.2%. Low accruals
Cash $9.3B covers debt $1.2B
Balance Sheet Health
Goodwill+Intangibles $5.2B = 46% of equity
Debt/EBITDA = 0.5x. Healthy
Other assets grew 36.0% vs revenue 9.0%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -2.25 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25