Vertiv Holdings Co Class A Common Stock (VRT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.43	$1.52	+6.3%	—	$3.3B	—
Q1 26	$1.01	$1.17	+15.8%	—	$2.6B	—
Q4 25	$1.3	$1.36	+4.6%	—	$2.9B	—
Q3 25	$0.99	$1.24	+25.3%	—	$2.7B	—
Q2 25	$0.83	$0.95	+14.5%	—	—	—
Q1 25	$0.62	$0.64	+3.2%	—	—	—
Q4 24	$0.82	$0.99	+20.7%	—	—	—
Q3 24	$0.69	$0.76	+10.1%	—	—	—
Q2 24	$0.57	$0.67	+17.5%	—	—	—
Q1 24	$0.36	$0.43	+19.4%	—	—	—
Q4 23	$0.53	$0.56	+5.7%	—	—	—
Q3 23	$0.44	$0.52	+18.2%	—	—	—
Q2 23	$0.29	$0.46	+58.6%	—	$1.7B	—
Q1 23	$0.16	$0.24	+50.0%	—	$1.5B	—
Q4 22	$0.31	$0.28	-9.7%	—	$1.7B	—
Q3 22	$0.21	$0.23	+9.5%	—	$1.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.49	—	—	$10.2B	—
FY24	—	$1.32	—	—	$8B	—
FY23	—	$1.21	—	—	$6.9B	—
FY22	—	$0.2	—	—	$5.7B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$0	$0	$0	$4.4B	$5B	$5.7B	$6.9B	$8B	$10.2B
YoY change	—	0%	0%	+InfinityT%	+14.4%	+13.9%	+20.6%	+16.7%	+27.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	0	0	0	4.4B	5B	5.7B	6.9B	8B	10.2B
Cost of revenue	—	—	—	2.9B	3.5B	4.1B	4.5B	5.1B	6.5B
Gross profit	—	—	—	1.5B	1.5B	1.6B	2.4B	2.9B	3.7B
Gross margin	—	—	—	33.7%	30.5%	28.4%	35%	36.6%	36.3%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.3K	1M	7.7M	1B	1.1B	1.2B	1.3B	1.4B	1.6B
Operating expenses	1.3K	1M	7.7M	1B	1.1B	1.2B	1.3B	1.4B	1.6B
Operating income	-1.3K	-1M	-7.7M	335.1M	273.2M	227.8M	916.8M	1.4B	1.9B
Operating margin	—	—	—	7.67%	5.47%	4%	13.4%	17.2%	18.5%
Non-operating income, net	—	7.4M	14.2M	-439.3M	-16.4M	86.5M	-203M	-466.2M	-68.2M
Pretax income	-1.3K	6.4M	6.5M	-254.6M	166.2M	167M	533.7M	765.4M	1.7B
Income tax	0	1.3M	2.1M	72.7M	46.6M	90.4M	73.5M	269.6M	409.1M
Net income	-1.3K	5M	4.4M	-327.3M	119.6M	76.6M	460.2M	495.8M	1.3B
Net margin	—	—	—	-7.49%	2.39%	1.35%	6.71%	6.19%	13%
EBITDA	-1.3K	-8.4M	-22M	538.2M	559.4M	530.2M	1.2B	1.7B	2.2B
EPS	-0	0.06	-1.63	-0.6	0.34	0.2	1.21	1.32	3.49
Diluted EPS	-0	0.06	-1.63	-0.6	0.33	0.04	1.19	1.28	3.41

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	2.7B	2.9B	2.6B	3.3B
Cost of revenue	—	—	—	—	—	—	—	—	1.7B	1.8B	1.6B	2B
Gross profit	—	—	—	—	—	—	—	—	1B	1.1B	999.7M	1.2B
Gross margin	—	—	—	—	—	—	—	—	37.8%	38.9%	37.7%	37.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	414.3M	461.6M	456.7M	494.4M
Operating expenses	—	—	—	—	—	—	—	—	414.2M	455.2M	488.5M	523.3M
Operating income	—	—	—	—	—	—	—	—	548.3M	606.9M	433.6M	637.9M
Operating margin	—	—	—	—	—	—	—	—	20.5%	21.1%	16.4%	19.5%
Non-operating income, net	—	—	—	—	—	—	—	—	-33.3M	-27M	300K	-500K
Pretax income	—	—	—	—	—	—	—	—	492.2M	563.2M	438.3M	620M
Income tax	—	—	—	—	—	—	—	—	93.7M	117.6M	48.2M	122.2M
Net income	—	—	—	—	—	—	—	—	398.5M	445.6M	390.1M	497.8M
Net margin	—	—	—	—	—	—	—	—	14.9%	15.5%	14.7%	15.2%
EBITDA	—	—	—	—	—	—	—	—	623.7M	695.2M	541M	753.2M
EPS	0.25	0.61	-0.02	0.48	0.47	0.39	0.43	0.85	1.04	1.16	1.02	1.29
Diluted EPS	0.24	0.6	-0.02	0.46	0.46	0.38	0.42	0.83	1.02	1.14	0.99	1.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	845.3M	951.3M	—	—	5.1B	18.3B	42.8B	61.8B	94B
Enterprise value	—	—	844.4M	950.4M	—	—	8.3B	20.6B	44.7B	63.2B	97.7B
Shares outstanding	—	86.3M	86.3M	86.3M	307.1M	355.5M	376.7M	380.1M	376.4M	381.7M	381.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	168	216.7	—	—	67.2	39.7	86.3	46.4	56
P/S	—	—	—	—	—	—	0.9	2.66	5.34	6.05	8.3
P/B	—	—	1.26	1.4	—	—	3.57	9.06	17.6	15.7	20
EV/EBITDA	—	—	-100	-43.2	—	—	15.6	17.3	26.9	28.7	36.5
EV/Sales	—	—	—	—	—	—	1.45	3	5.58	6.18	8.51
Earnings yield	—	—	0.6%	0.46%	—	—	1.49%	2.52%	1.16%	2.16%	1.79%
FCF yield	—	—	0.49%	1.02%	—	—	-5.13%	4.19%	2.65%	3.05%	2.87%
PEG	—	—	—	—	—	—	—	—	—	—	1.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	—	—	—	33.7%	30.5%	28.4%	35%	36.6%	36.3%	37.7%
Operating margin	—	—	—	—	7.67%	5.47%	4%	13.4%	17.2%	18.5%	20.4%
Net margin	—	—	—	—	-7.49%	2.39%	1.35%	6.71%	6.19%	13%	15.1%
ROE	—	-5.38%	0.75%	0.65%	-63.9%	8.44%	5.31%	22.8%	20.4%	33.8%	43.9%
ROA	—	-5.1%	0.72%	0.62%	-6.45%	1.72%	1.08%	5.75%	5.43%	10.9%	10.9%
ROIC	—	-5.38%	-0.12%	-0.77%	15.4%	4.79%	2.3%	18.1%	20.6%	27.2%	36.6%
Return on tangible assets	—	-5.1%	0.72%	0.62%	-26.1%	4K%	8.57%	23.1%	14.1%	30.6%	22.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	19.6	0.92	23.1	1.45	1.45	1.66	1.74	1.65	1.55	1.38
Quick ratio	—	19.6	0.92	23.1	1.19	1.12	1.23	1.35	1.25	1.22	1.03
Debt / equity	—	—	—	—	4.29	2.21	2.34	1.55	1.29	0.82	0.7
Debt / assets	—	—	—	—	0.43	0.45	0.47	0.39	0.34	0.26	0.21
Net debt / EBITDA	—	—	—	—	3.08	4.81	5.86	1.98	1.16	0.63	0.09
Interest coverage	—	—	—	—	-0.69	2.83	2.13	3.96	6.09	21.2	21.2
Effective tax rate	—	0%	21%	32.5%	0%	28%	54.1%	13.8%	35.2%	23.5%	18.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	0	0	0	14.2	14.1	15.1	18.1	21.3	26.8	30
EPS (basic)	—	-0	0.06	-1.63	-0.6	0.34	0.2	1.21	1.32	3.49	3.49
EPS (diluted)	—	-0	0.06	-1.63	-0.6	0.33	0.04	1.19	1.28	3.41	4.42
Book value per share	—	0	7.79	7.86	1.67	3.99	3.83	5.3	6.47	10.3	12.4
FCF per share	—	0	0.05	0.11	0.51	0.36	-0.7	2.01	3.02	4.94	7.44
Cash per share	—	0	0.01	0.01	1.74	1.24	0.69	2.05	3.26	4.79	8.08
Capex per share	—	—	—	—	0.02	0.03	0.01	0.03	0	0.59	1.1

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	0.16%	0.2%	0.07%	0.18%	0%	2.21%	3.75%
Capex / operating cash flow	—	—	—	—	-4.89%	5.09%	-15.9%	2.05%	0%	10.7%	12.8%
Payout ratio	—	—	—	—	-1.01%	3.18%	4.96%	2.06%	8.51%	5%	5.09%
Dividend yield	—	—	—	—	—	—	0.07%	0.05%	0.1%	0.11%	0.1%

Yield

0.1%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.063

ex-dividend Sep 14, 2026

Payout ratio

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 14, 2026	$0.063
Jun 15, 2026	$0.063
Mar 17, 2026	$0.063
Nov 25, 2025	$0.063
Sep 15, 2025	$0.038
Jun 16, 2025	$0.038
Mar 18, 2025	$0.0375
Dec 3, 2024	$0.0375

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$2.7B	$2.9B	$2.6B	$3.3B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	—	0	835.5K	955.5K	534.6M	439.1M	260.6M	780.4M	1.2B	1.8B
Receivables	—	—	—	—	1.4B	1.5B	1.9B	2.2B	2.4B	3.1B
Inventory	—	—	—	—	446.6M	616.3M	822M	884.3M	1.2B	1.5B
Total current assets	25K	25K	1.2M	709.1M	2.5B	2.7B	3.2B	4B	5.1B	6.8B
Property, plant & equipment	—	—	—	—	172.1M	337.4M	343.4M	390M	465.1M	816.2M
Goodwill & intangibles	—	—	—	—	3.8B	6.9B	6.2B	6B	5.6B	7.9B
Total assets	25K	25K	697.3M	709.1M	5.1B	6.9B	7.1B	8B	9.1B	12.2B
Accounts payable	0	1.3K	1.2M	6.6M	730.5M	858.5M	984M	986.4M	1.3B	1.8B
Short-term debt	—	—	—	—	64.3M	63.9M	67M	64.7M	66.7M	90.6M
Total current liabilities	0	1.3K	1.3M	30.8M	1.7B	1.9B	1.9B	2.3B	3.1B	4.4B
Long-term debt	—	—	—	—	2.1B	3.1B	3.3B	3.1B	3.1B	3.1B
Total liabilities	0	1.3K	25.4M	30.8M	4.6B	5.5B	5.7B	6B	6.7B	8.3B
Shareholders' equity	25K	23.7K	671.9M	678.3M	512.1M	1.4B	1.4B	2B	2.4B	3.9B
Total debt	—	—	—	—	2.2B	3.1B	3.4B	3.1B	3.1B	3.2B
Net debt	—	—	—	—	1.7B	2.7B	3.1B	2.3B	1.9B	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	1.9B	1.8B	2.5B	3.1B
Receivables	—	—	—	—	—	—	—	—	2.8B	3.1B	3.1B	3.8B
Inventory	—	—	—	—	—	—	—	—	1.4B	1.5B	1.8B	2.5B
Total current assets	—	—	—	—	—	—	—	—	6.5B	6.8B	8B	10B
Property, plant & equipment	—	—	—	—	—	—	—	—	583.6M	816.2M	916.3M	1.1B
Goodwill & intangibles	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.4B	5.9B	7.9B	7.7B	8.2B
Total assets	—	—	—	—	—	—	—	—	10.8B	12.2B	13.4B	15.9B
Accounts payable	—	—	—	—	—	—	—	—	1.7B	1.8B	2B	2.5B
Short-term debt	—	—	—	—	—	—	—	—	84.9M	90.6M	72.3M	82M
Total current liabilities	—	—	—	—	—	—	—	—	3.6B	4.4B	5.3B	7.2B
Long-term debt	—	—	—	—	—	—	—	—	3.1B	3.1B	3.2B	3.3B
Total liabilities	—	—	—	—	—	—	—	—	7.3B	8.3B	9.2B	11.1B
Shareholders' equity	—	—	—	—	—	—	—	—	3.5B	3.9B	4.2B	4.8B
Total debt	—	—	—	—	—	—	—	—	3.2B	3.2B	3.3B	3.3B
Net debt	—	—	—	—	—	—	—	—	1.8B	1.5B	1.1B	527.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-303.4K	-1.3K	5M	4.4M	-327.3M	119.6M	76.6M	460.2M	495.8M	1.3B
Depreciation & amortization	—	—	—	—	203.1M	227M	302.4M	271M	277M	308.6M
Stock-based compensation	—	—	—	—	13M	23.2M	24.7M	25M	34.6M	45.9M
Change in working capital	278.4K	1.3K	-611K	5.8M	-74.1M	-80.6M	-415.6M	-70M	107.1M	246.2M
Operating cash flow	-25K	0	4.4M	10.2M	-143.1M	192.5M	-24.6M	605.9M	863.1M	2.1B
Capital expenditure	—	—	—	—	7M	9.8M	3.9M	12.4M	0	-226.4M
Investing cash flow	—	—	-690M	—	7M	-1.1B	-1.1M	-4.5M	-17.6M	-1.5B
Dividends paid	—	—	—	—	-3.3M	-3.8M	-3.8M	-9.5M	-42.2M	-66.6M
Share repurchases	—	—	—	—	-341.6M	—	—	—	-599.9M	0
Financing cash flow	25K	0	675.7M	2M	-504.9M	803.3M	332.1M	-274.9M	-685.1M	-98.7M
Net change in cash	0	0	-9.8M	12.2M	-641M	-136.4M	306.4M	326.5M	160.4M	514.3M
Free cash flow	-25K	0	4.2M	9.7M	156.2M	126.3M	-263.8M	765.9M	1.1B	1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	94.1M	232.6M	-5.9M	178.1M	176.6M	147M	164.5M	324.2M	398.5M	445.6M	390.1M	497.8M
Depreciation & amortization	68.2M	68.9M	68.7M	68.4M	68.9M	71M	71.6M	73.3M	75.4M	88.3M	107.7M	115.8M
Stock-based compensation	6.5M	6.2M	9.2M	8.5M	8.1M	8.8M	11.2M	13.3M	14.2M	7.2M	17M	13.8M
Change in working capital	23.3M	0	-18.5M	33.4M	47.2M	55.1M	74.8M	-126.7M	-134M	432.1M	323.2M	333.4M
Operating cash flow	192.7M	217.2M	42.1M	290.3M	282.3M	255.4M	382.9M	286.6M	508.7M	978.9M	766.8M	1.1B
Capital expenditure	0	0	0	0	0	0	—	—	-46.7M	-95M	-114M	-174.5M
Investing cash flow	0	-16.9M	0	0	0	0	—	-98.1M	-709.9M	-1.1B	-376.7M	-404M
Dividends paid	0	—	-9.3M	-9.4M	-9.4M	-14.1M	-14.2M	-14.2M	-14.2M	-24M	-23.9M	-23.9M
Share repurchases	0	—	-599.9M	0	0	0	0	0	0	0	—	—
Financing cash flow	-5.7M	-5.8M	-617.5M	-29.7M	-15.1M	-19.7M	-26.2M	-19.7M	-20.4M	-32.4M	-11.6M	-35.5M
Net change in cash	187M	194.5M	-575.4M	260.6M	267.2M	235.7M	356.7M	168.8M	-221.6M	-111.6M	378.5M	660.3M
Free cash flow	221.3M	305.1M	101M	333.4M	335.9M	361.8M	264.5M	277M	462M	883.9M	652.8M	925.3M

Vertiv Holdings Co Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement