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Vertiv Holdings Co.

VRT Industrials Electrical Equipment & Parts

Vertiv Holdings Co.’s revenue for fiscal 2025 (year ended December 2025) was $10.2 billion, up 27.7% from fiscal 2024.

Revenue
+61.2%
EPS
+90.9%
Free cash flow
+49.6%
Total debt
+0.34%

Quarter to September 2026, against a year earlier

177.41 28.14 −13.69%
Market cap
$68.1B
P/E
32.5×
Fwd P/E
36.6×
Dividend yield
0.14%
F-score
6/9
Altman Z
6.17
Beneish M
−2.44
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Americas
  • Asia Pacific
  • Europe, Middle East & Africa

Every year since 2018 →

Insider Decisions last twelve months

Sold, $m 127.24
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 1 — — — — — 1 — —
Insider Ownership 0.31%

Capital & Financial Ratios $m

Size
Market Cap 68,050.00
Revenue ttm 13,116.60
Net income ttm 2,098.00
Free cash flow ttm 3,140.20
Net debt Q (783.20)
Valuation
P/E 32.52
Forward P/E 36.60 (above 35: high)
Price / sales 5.21
Forward P/S Powerpack
Price / FCF 21.75
Price / book 12.41 (above 6: high)
Financial health
Current ratio Q 1.39
Debt / equity Q 0.53
Interest coverage Q 153.72
Growth
Revenue growth Q +61.18% (above 0%: growing)
Operating income growth Q +90.40% (above 0%: growing)
EPS, this year +70.39% (at or above 15%: strong)
EPS, next year A +37.74% (at or above 15%: strong)
Revenue, next year A +1.28%
EPS, past 5 yrs —
EPS, next 5 yrs A +43.83% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.1×, against a ten-year median of 2.3×; over the ten years it ranged from 1.0× in 2020 to 11.6× in 2026.
P/E against its own 10 years 1.26%
10-year low 10-year high
P/S against its own 10 years 73.81%
10-year low 10-year high
P/B against its own 10 years 36.58%
10-year low 10-year high
EV/Sales against its own 10 years 70.73%
10-year low 10-year high
EV/FCF against its own 10 years 0.60%
10-year low 10-year high

Dividends raised 4 years running

Yield
0.14%
Annual rate
0.25
Payout ratio
4.68%
Growth, 2020–26
+63.0%/yr
  1. 0.01 ’20
  2. 0.01 ’21 +0
  3. 0.01 ’22 +0
  4. 0.03 ’23 +150
  5. 0.11 ’24 +350
  6. 0.18 ’25 +56
  7. 0.19 ’26 +7
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 780 1,228 1,828 3,712
Receivables 2,118 2,363 3,109 4,380
Inventory 884 1,244 1,457 3,288
Other 219 267 426 744
4,002 5,102 6,820 12,123
2023 2024 2025 Q'26
Payables 986 1,316 1,756 3,245
ST’ Debt 22 21 21 3
Other — — — —
2,305 3,097 4,407 8,711

Compound Annual Growth %

10y 5y 3y
Sales — 18.54% 21.59%
Cash Flow — 58.86% 0.00%
Earnings — 0.00% 159.13%
Book Value — 50.40% 39.82%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.82 Actual 2.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.29 1.36 Beat by 0.07
Q1 FY26 1.02 1.17 Beat by 0.15
Q2 FY26 1.43 1.52 Beat by 0.09
Q3 FY26 1.82 2.21 Beat by 0.39
Q4 FY26 2.27 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.99 1.27 1.95 — —
’25 0.42 0.83 1.02 1.14 3.41
’24 (0.02) 0.46 0.46 0.38 1.28
’23 0.12 0.22 0.24 0.60 1.19
’22 0.02 0.05 0.06 0.07 0.20
’21 0.09 0.03 0.15 0.06 0.33
’20 (0.87) (0.17) (0.32) 0.22 (1.07)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,650 3,274 4,313 — —
’25 2,036 2,638 2,676 2,880 10,230
’24 1,639 1,953 2,074 2,346 8,012
’23 1,521 1,734 1,743 1,865 6,863
’22 1,156 1,399 1,481 1,655 5,692
’21 1,098 1,260 1,229 1,411 4,998
’20 897 1,006 1,162 1,306 4,371
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 767 1,100 794 — —
’25 303 323 483 1,005 2,114
’24 138 382 375 425 1,319
’23 42 254 249 356 901
’22 (132) (206) 4 181 (153)
’21 61 59 54 37 211
’20 (195) 73 136 195 209
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 653 925 652 — —
’25 265 277 436 910 1,887
’24 101 337 336 362 1,135
’23 25 227 221 305 778
’22 (150) (232) (20) 143 (260)
’21 43 41 44 8 136
’20 (203) 62 129 175 163
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 7.1% a year for ten years.

Implied
7.1%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 4,286 4,431 4,371 4,998 5,692 6,863 8,012 10,230 13,117 +13.2% 10,361 13,673 16,670 +17.7%
Gross margin, % — — 33.14 32.79 33.72 30.47 28.39 34.98 36.62 36.32 38.12 +3.2 pt
EBT 0 0 (271) (104) (255) 166 167 534 765 1,742 2,616 n/m
EBT margin, % 0.00 0.00 (6.32) (2.35) (5.83) 3.33 2.93 7.78 9.55 17.03 19.95 +17.0 pt
Net income 0 0 (314) (141) (327) 120 77 460 496 1,333 2,098 n/m
Per share, $
Per share, $ Revenue 0.00 0.00 36.24 37.47 14.23 14.06 15.11 18.05 21.28 26.80 34.07 n/m
Earnings 0.00 0.00 (2.65) (1.19) (1.07) 0.34 0.20 1.21 1.32 3.49 5.46 n/m
Cash flow 0.00 0.00 (1.88) 0.49 0.68 0.59 (0.41) 2.37 3.50 5.54 9.52 n/m
Capex 0.00 0.00 (0.74) (0.55) (0.15) (0.21) (0.28) (0.32) (0.49) (0.59) (1.36) n/m
Free cash flow 0.00 0.00 (2.62) (0.07) 0.53 0.38 (0.69) 2.05 3.02 4.94 8.16 n/m
Book value 0.00 0.00 0.04 (5.96) 1.67 3.99 3.83 5.30 6.47 10.33 14.29 +209.2%
Shares, m 69 17 118 118 307 356 377 380 376 382 384 +20.9%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 73.44 66.50 37.72 85.78 46.55 32.52 38.7
P/S — — 0.00 0.29 1.31 1.78 0.88 2.53 5.34 6.05 5.21 2.3
P/B — — 231.79 0.00 11.20 6.26 3.47 8.61 17.57 15.69 12.41 36.8
EV/Sales — — 0.00 1.03 1.68 2.28 1.40 2.84 5.55 6.15 5.15 2.6
EV/FCF — — (3.74) (583.11) 45.04 83.84 (30.55) 25.07 39.17 33.34 21.50 (48.9)
Cash, $m
Cash, $m Operating cash flow 0 — (222) 58 209 211 (153) 901 1,319 2,114 3,666 n/m
Capex — — (88) (65) (46) (75) (107) (122) (184) (226) (525) +14.5%
Free cash flow 0 — (310) (8) 163 136 (260) 778 1,135 1,887 3,140 n/m
Balance, $m
Balance, $m Working capital 0 0 0 498 777 844 1,261 1,696 2,005 2,413 3,413 +258.0%
Net debt — — (1) 3,279 1,618 2,533 2,930 2,161 1,701 1,085 (783) n/m
Shareholders’ equity 0 0 5 (705) 512 1,418 1,442 2,015 2,434 3,941 5,502 +278.0%
Returns, %
Returns, % ROA 0.00 (5.20) (90.05) (5.26) (6.73) 1.99 1.09 6.10 5.79 12.49 14.47 +12.5 pt
ROIC 0.00 (3.43) 2,950.54 5.00 6.26 4.11 3.19 13.06 20.67 22.75 34.99 +22.8 pt
ROE 0.00 (5.34) (12,500.75) 40.24 339.70 12.40 5.36 26.63 22.29 41.81 46.57 +41.8 pt
People
People Employees — — — 19,800 20,972 24,000 27,000 27,000 31,000 34,000 — +9.4%
Revenue/emp, $m — — 0.00 0.22 0.21 0.21 0.21 0.25 0.26 0.30 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Vertiv designs, makes, installs and services the equipment that powers and cools digital infrastructure. Its customers include data center operators, communications networks, and commercial and industrial businesses. The company is headquartered in Westerville, Ohio, and its chief executive is Giordano Albertazzi. Its roots trace to 1946, when Ralph Liebert founded the precursor to the Liebert Corporation.

A data center needs more than computers: it also needs equipment to distribute electricity, provide backup power and remove heat. Vertiv supplies power-management equipment, switchgear, racks and cooling systems for those jobs. Its cooling range includes both air and liquid systems, while modular solutions combine infrastructure into configurations tailored to a customer’s needs.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Americas 6,386 62.43%
Asia Pacific 2,019 19.74%
Europe, Middle East & Africa 1,824 17.83%
Gross margin 36.32%
Operating margin 17.89%
Pre-tax margin 17.03%

Revenue by segment since 2018

Vertiv Holdings Co. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VRT Vertiv Holdings Co. $68.1B 32.5× 36.6× +61.18% (above 0%: growing) +90.93% (above 0%: growing) +49.59% (above 0%: growing) 38.11% 22.81%
BE Bloom Energy Corporation $49.5B 96.4× 76.1× +138.10% (above 0%: growing) n/m −2,550.79% (below 0%: shrinking) 33.75% 18.24% Compare
HUBB Hubbell Inc $22.1B 24.5× 24.4× +24.63% (above 0%: growing) +4.21% (above 0%: growing) +10.48% (above 0%: growing) 36.75% 21.83% Compare
NVT nVent Electric PLC $15.9B 23.5× 28.0× +43.73% (above 0%: growing) +66.67% (above 0%: growing) +33.08% (above 0%: growing) 35.84% 18.63% Compare
AYI Acuity, Inc. $9.6B 18.4× 18.4× +2.92% (above 0%: growing) +55.53% (above 0%: growing) +61.06% (above 0%: growing) 53.85% 18.24% Compare
AEIS Advanced Energy Industries, Inc. $7.5B 25.4× 26.9× +50.31% (above 0%: growing) +134.96% (above 0%: growing) −33.07% (below 0%: shrinking) 41.51% 20.56% Compare
FPS Forgent Power Solutions, Inc. $5.5B — — +94.30% (above 0%: growing) — +188.32% (above 0%: growing) 36.11% 19.91% Compare
ENS Enersys $5.1B 14.9× 14.3× +4.77% (above 0%: growing) +115.54% (above 0%: growing) +881.05% (above 0%: growing) 33.49% 16.18% Compare
POWL Powell Industries, Inc. $4.6B 24.1× 29.1× +8.90% (above 0%: growing) +7.25% (above 0%: growing) +121.73% (above 0%: growing) 30.57% 20.55% Compare
Median of peers $8.6B 24.1× 26.9× +34.18% +61.10% +47.07% 35.98% 19.27%

All 55 Electrical Equipment & Parts stocks →

From the latest earnings call

Updated

  • CEO Giordano Albertazzi said third-quarter organic orders rose more than 100.0% year over year, while power availability, permitting and construction labor were pacing growth.
  • Albertazzi said Vertiv was expanding manufacturing capacity and supplier agreements, while CFO Craig described continued work to deliver complex projects at a steady pace.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Citi Nov 5, 2026 Target raised Buy 362.00
Bernstein Nov 3, 2026 Reiterated Outperform 376.00
GLJ Research Nov 3, 2026 Initiated Sell 188.00
RBC Oct 20, 2026 Target cut Outperform 337.00 → 323.00
Morgan Stanley Oct 19, 2026 Target cut — 350.00 → 330.00
Mizuho Oct 19, 2026 Target cut — 300.00 → 280.00
BMO Capital Oct 5, 2026 Initiated Outperform 329.00
Wells Fargo Sep 29, 2026 Initiated Outperform 340.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 81.22%
Held by the ten largest 40.07%
Holder Shares Stake Change
Vanguard 47.01m 12.21% +301.44k
BlackRock 35.92m 9.33% −1.29m
State Street 16.53m 4.29% +704.97k
JPMorgan Chase 10.06m 2.61% +4.00m
T. Rowe Price 9.11m 2.37% +1.25m
Geode Capital Management 9.03m 2.35% −1.85m
Bank of America 8.28m 2.15% −136.26k
Morgan Stanley 6.89m 1.79% +239.43k
UBS 5.88m 1.53% −1.85m
Invesco 5.54m 1.44% −1.01m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 18.31m 102.02m 871.48
2024 12.28m 103.65m 610.28
2023 6.18m 49.59m 257.70
2022 8.03m (6.56m) 73.25
2021 5.18m 13.61m 133.80

Ownership

Directors and executive officers, together 1.10%
BlackRock, Inc. 5.55%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Vertiv Holdings Co. (VRT) Latest News

5 Nov

Impact 3 · · Trefis
Impact 3 · · TIKR
Impact 3 · · 24/7 Wall St.

4 Nov

Impact 3 · · Simply Wall St.
Impact 3 · · Trefis
Impact 3 · · MarketBeat transcript

3 Nov

Impact 3 · · TIKR
Impact 3 · · 24/7 Wall St.

2 Nov

Impact 4 · · TIKR
Impact 4 · · Trefis
Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · TIKR
Impact 3 · · Zacks

1 Nov

Impact 4 · · TIKR

31 Oct

Impact 3 · · The Motley Fool

30 Oct

Impact 4 · · Investing.com
Impact 3 · · Simply Wall St.
Impact 3 · · TIKR
Impact 3 · · 24/7 Wall St.

29 Oct

Impact 4 · · Trefis
Impact 4 · · TIKR
Impact 4 · · The Motley Fool
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · 24/7 Wall St.
Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

VRT metrics, ten years each

stockrow.com/VRT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com