Technology · Electronic Production Equipment

Vertiv Holdings Co

NYSEVRT ISINUS92537N1081 SEC CIK0001674101 Listed on NYSE · USD

$209.13 +2.62 (+1.27%) Pre-market $197.38 (-4.42%) ≈ ₹19,627 a share

Open chart

Price, last 12 months+14.86% in a year

Key numbers

Market value: $80.53B
P/E (TTM): 39.1
Forward P/E: 25.9
EPS (TTM): $5.35
Dividend yield: 0.12%
Beta: 2.11
Day range: $193.82 – $209.49
52-week range: $147.82 – $379.94
Volume: 1,453,365
10-day avg volume: $9.18M
Revenue (TTM): $13.12B
EBITDA (TTM): $3.11B
Gross margin: 38.1%
Net margin: 16.0%
Return on equity: 46.6%
Debt / equity: 53.2%
Price / sales: 6.14
Shares out: 385.06M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.87B$285.20M$232.60M

Dec 23

$1.64B$202.60M$-5.90M

Mar 24

$1.95B$336.00M$178.10M

Jun 24

$2.07B$371.60M$176.60M

Sep 24

$2.35B$457.20M$147.00M

Dec 24

$2.04B$290.70M$164.50M

Mar 25

$2.64B$442.40M$324.20M

Jun 25

$2.68B$516.70M$398.50M

Sep 25

$2.88B$579.90M$445.60M

Dec 25

$2.65B$440.10M$390.10M

Mar 26

$3.27B$637.90M$497.80M

Jun 26

$4.31B$983.80M$764.50M

Sep 26

Revenue · QoQ (vs last quarter)

—-12%+19%+6.2%+13%-13%+30%+1.4%+7.6%-8.0%+24%+32%

Revenue · YoY (vs a year ago)

————+26%+24%+35%+29%+23%+30%+24%+61%

Net income · QoQ (vs last quarter)

—-103%+3,119%-0.8%-17%+12%+97%+23%+12%-12%+28%+54%

Net income · YoY (vs a year ago)

————-37%+2,888%+82%+126%+203%+137%+54%+92%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$1.87B	$1.64B	$1.95B	$2.07B	$2.35B	$2.04B	$2.64B	$2.68B	$2.88B	$2.65B	$3.27B	$4.31B
Cost of revenue	$1.18B	$1.07B	$1.21B	$1.32B	$1.48B	$1.35B	$1.74B	$1.67B	$1.76B	$1.65B	$2.04B	$2.67B
Gross profit	$683.40M	$566.40M	$741.20M	$756.40M	$870.20M	$686.50M	$896.60M	$1.01B	$1.12B	$999.70M	$1.23B	$1.64B
Gross margin	36.6%	34.6%	38.0%	36.5%	37.1%	33.7%	34.0%	37.8%	38.9%	37.7%	37.7%	38.1%
Selling, general & admin	$348.80M	$314.00M	$363.80M	$334.60M	$361.60M	$346.30M	$395.60M	$414.30M	$461.60M	$456.70M	$494.40M	$556.90M
Operating income	$285.20M	$202.60M	$336.00M	$371.60M	$457.20M	$290.70M	$442.40M	$516.70M	$579.90M	$440.10M	$637.90M	$983.80M
Operating margin	15.3%	12.4%	17.2%	17.9%	19.5%	14.3%	16.8%	19.3%	20.1%	16.6%	19.5%	22.8%
Interest expense	$42.90M	$39.00M	$44.80M	$35.90M	$30.70M	$25.30M	$21.30M	$22.80M	$16.70M	$-4.40M	$17.40M	$6.40M
Pre-tax income	$187.30M	$-13.00M	$264.70M	$268.50M	$245.20M	$265.40M	$421.10M	$492.20M	$563.20M	$438.30M	$620.00M	$994.80M
Income tax	$-45.30M	$-7.10M	$86.60M	$91.90M	$98.20M	$100.90M	$96.90M	$93.70M	$117.60M	$48.20M	$122.20M	$230.30M
Net income	$232.60M	$-5.90M	$178.10M	$176.60M	$147.00M	$164.50M	$324.20M	$398.50M	$445.60M	$390.10M	$497.80M	$764.50M
Net margin	12.5%	-0.4%	9.1%	8.5%	6.3%	8.1%	12.3%	14.9%	15.5%	14.7%	15.2%	17.7%
EPS (diluted)	—	$-0.02	$0.46	$0.46	—	$0.42	$0.83	$1.02	—	$0.99	$1.27	$1.95

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$0$-2.87B$-314.00M

FY18

$0$-2.98B$-140.80M

FY19

$4.37B$1.47B$-327.30M

FY20

$5.00B$1.52B$119.60M

FY21

$5.69B$1.62B$76.60M

FY22

$6.86B$2.40B$460.20M

FY23

$8.01B$2.93B$495.80M

FY24

$10.23B$3.72B$1.33B

FY25

Revenue · YoY (vs a year ago)

———+14%+14%+21%+17%+28%

Net income · YoY (vs a year ago)

—+55%-132%+137%-36%+501%+7.7%+169%

RevenueGross profitNet incomeLine = trend

$-2.65

FY18

$-1.19

FY19

$-1.07

FY20

$0.33

FY21

$-0.04

FY22

$1.19

FY23

$1.28

FY24

$3.41

FY25

EPS (diluted) · YoY (vs a year ago)

—+55%+10%+131%-112%+3,075%+7.6%+166%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$0	$0	$4.37B	$5.00B	$5.69B	$6.86B	$8.01B	$10.23B
Revenue growth	—	—	—	14.4%	13.9%	20.6%	16.7%	27.7%
Cost of revenue	$2.87B	$2.98B	$2.90B	$3.48B	$4.08B	$4.46B	$5.08B	$6.51B
Gross profit	$-2.87B	$-2.98B	$1.47B	$1.52B	$1.62B	$2.40B	$2.93B	$3.72B
Gross margin	—	—	33.7%	30.5%	28.4%	35.0%	36.6%	36.3%
Research & development	$198.30M	$229.40M	$228.60M	$266.40M	$282.00M	$303.50M	$367.60M	$441.70M
Selling, general & admin	$1.22B	$1.10B	$1.01B	$1.11B	$1.18B	$1.31B	$1.37B	$1.62B
Operating income	—	$206.10M	$213.50M	$259.90M	$223.40M	$872.20M	$1.37B	$1.83B
Operating margin	—	—	4.9%	5.2%	3.9%	12.7%	17.1%	17.9%
Depreciation & amortisation	$217.00M	$202.90M	$203.10M	$227.00M	$302.40M	$271.00M	$277.00M	$308.60M
Interest expense	$288.80M	$310.40M	$150.40M	$90.60M	$147.30M	$180.10M	$150.40M	$86.10M
Pre-tax income	$-271.00M	$-104.30M	$-254.60M	$166.20M	$167.00M	$533.70M	$765.40M	$1.74B
Income tax	$49.90M	$36.50M	$72.70M	$46.60M	$90.40M	$73.50M	$269.60M	$409.10M
Tax rate	—	—	—	28.0%	54.1%	13.8%	35.2%	23.5%
Net income	$-314.00M	$-140.80M	$-327.30M	$119.60M	$76.60M	$460.20M	$495.80M	$1.33B
Net margin	—	—	-7.5%	2.4%	1.3%	6.7%	6.2%	13.0%
EPS (diluted)	$-2.65	$-1.19	$-1.07	$0.33	$-0.04	$1.19	$1.28	$3.41

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$-540.30M$215.10M

FY18

$-704.80M$3.47B$223.50M

FY19

$512.10M$2.15B$534.60M

FY20

$1.42B$2.97B$439.10M

FY21

$1.44B$3.19B$260.60M

FY22

$2.01B$2.94B$780.40M

FY23

$2.43B$2.93B$1.23B

FY24

$3.94B$2.91B$1.73B

FY25

Shareholders' equity · YoY (vs a year ago)

—-30%+173%+177%+1.7%+40%+21%+62%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$215.10M	$223.50M	$534.60M	$439.10M	$260.60M	$780.40M	$1.23B	$1.73B
Current assets	$1.18M	$2.02B	$2.52B	$2.70B	$3.16B	$4.00B	$5.10B	$6.82B
Total assets	$697.34M	$4.66B	$5.07B	$6.94B	$7.10B	$8.00B	$9.13B	$12.21B
Current liabilities	$1.28M	$1.52B	$1.74B	$1.85B	$1.90B	$2.31B	$3.10B	$4.41B
Long-term debt	—	$3.47B	$2.13B	$2.95B	$3.17B	$2.92B	$2.91B	$2.89B
Short-term debt	—	$0	$22.00M	$21.80M	$21.80M	$21.80M	$21.00M	$20.90M
Total debt	—	$3.47B	$2.15B	$2.97B	$3.19B	$2.94B	$2.93B	$2.91B
Total liabilities	$25.43M	$5.36B	$4.56B	$5.52B	$5.65B	$5.98B	$6.70B	$8.27B
Shareholders' equity	$-540.30M	$-704.80M	$512.10M	$1.42B	$1.44B	$2.01B	$2.43B	$3.94B
Current ratio	0.92	1.33	1.45	1.45	1.66	1.74	1.65	1.55
Debt / equity	—	—	4.20	2.10	2.21	1.46	1.20	0.74
Return on equity	—	—	-63.9%	8.4%	5.3%	22.8%	20.4%	33.8%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$-221.90M$-286.50M$0

FY18

$57.50M$9.90M$0

FY19

$208.90M$164.50M$3.30M

FY20

$210.90M$137.50M$3.80M

FY21

$-152.80M$-252.80M$3.80M

FY22

$900.50M$772.60M$9.50M

FY23

$1.32B$1.15B$642.10M

FY24

$2.11B$1.89B$66.60M

FY25

Operating cash flow · YoY (vs a year ago)

—+126%+263%+1.0%-172%+689%+47%+60%

Free cash flow · YoY (vs a year ago)

—+103%+1,562%-16%-284%+406%+49%+64%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$-221.90M	$57.50M	$208.90M	$210.90M	$-152.80M	$900.50M	$1.32B	$2.11B
Capital spending	$-64.60M	$-47.60M	$-44.40M	$-73.40M	$-100.00M	$-127.90M	$-167.00M	$-220.00M
Free cash flow	$-286.50M	$9.90M	$164.50M	$137.50M	$-252.80M	$772.60M	$1.15B	$1.89B
FCF margin	—	—	3.8%	2.8%	-4.4%	11.3%	14.4%	18.5%
Stock-based pay	$0	$0	$13.00M	$23.20M	$24.70M	$25.00M	$34.60M	$45.90M
Cash from investing	$-207.70M	$-65.30M	$-45.70M	$-1.22B	$-112.10M	$-139.10M	$-201.70M	$-1.50B
Cash from financing	$245.10M	$14.80M	$140.70M	$914.90M	$100.20M	$-247.50M	$-652.10M	$-72.30M
Dividends paid	$0	$0	$-3.30M	$-3.80M	$-3.80M	$-9.50M	$-42.20M	$-66.60M
Share buybacks	—	—	—	—	$0	$0	$-599.90M	$0

About

About Vertiv Holdings Co

Vertiv Holdings Co. is an American provider of infrastructure and services for data centers, communication networks, and commercial and industrial environments. Headquartered in Westerville, Ohio, Vertiv has around 34,000 employees worldwide, operating in more than 40 countries and with 30 manufacturing and assembly facilities.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Vertiv Holdings Co
Ticker: VRT
Exchange: NYSE
ISIN: US92537N1081
SEC CIK: 0001674101
Sector: Technology
Industry: Electronic Production Equipment
SEC industry (SIC): Electronic Components, Nec (3679)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 13 Feb 2026
CEO: Giordano Albertazzi
Chair: David M. Cote
Headquarters: Westerville
Address: 505 N. Cleveland Ave., Westerville, Oh 43082
Founded: 1965
Employees: 34,000
Formerly known as: Gs Acquisition Holdings Corp
Trades in: US dollars (USD)
Website: vertiv.com

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Vertiv Holdings Co

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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