Orders

• Definition: The total new contractual commitments received during the reporting period.
• It represents incoming demand — customers have placed and signed new purchase orders for equipment, services, or projects.
• It’s a flow metric: what came in this quarter or year.

Example:
If GEV signs a new $500 million contract for gas turbines in Q3 2025, that $500 million goes into “Orders” for Q3 2025.

Why it matters:
Orders show the pace of new business being won. Analysts use them to assess demand momentum and backlog growth.

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RPO (Remaining Performance Obligations)

• Definition: The backlog of unfilled orders — revenue GEV has already contracted to deliver in the future but has not yet recognized.
• It includes both equipment still to be delivered and long-term service agreements (LTSA) still to be performed.
• It’s a stock metric: what is on hand at quarter- or year-end.

Example:
If the company has previously signed $100 billion in multi-year contracts and has delivered $10 billion of it, then RPO = $90 billion remaining.

Why it matters:
RPO reflects future revenue visibility — how much business is already locked in.