What it does
Vertiv states that it designs, manufactures, sells, installs, maintains and services critical digital infrastructure technologies and customized solutions. Its offerings include power management, thermal management, switchgear, busbar, racks, energy storage, hardware and software for managing IT equipment. The company also provides pre-sale and after-sales services, including maintenance, project management, testing, consulting, remote monitoring, training and spare parts. It says these offerings serve data centers, communication networks, and commercial and industrial environments.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1 — sec.gov
How it makes money
The company states that it earns revenue from products and from services and spares. It identifies delivery of products as a performance obligation, covering power, thermal management, switchgear, integrated solutions, racks, energy storage, hardware and IT-management software. Its global services include preventative maintenance, engineering and consulting, project management, remote monitoring, specialized fluid management, training and spare parts. Vertiv manages the business through three reportable geographic segments: the Americas, Asia Pacific, and Europe, Middle East & Africa. The segment table below provides the related revenue detail.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1 — sec.gov
Customers and geography
Vertiv states that it primarily serves three end markets: data centers, communication networks, and commercial and industrial applications. It reaches these end users through direct sales professionals, independent sales representatives, channel partners and original equipment manufacturers. The company says its footprint includes engineering, manufacturing, operations, sales and service locations in more than 40 countries across the Americas, Asia Pacific and Europe, Middle East & Africa. For 2025, it reported net sales of $10,229.9, with 62% transacted in the Americas, 20% in Asia Pacific and 18% in Europe, Middle East & Africa.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1 — sec.gov
Competition
The filing states that competition is primarily based on reliability, quality, price, service and customer relationships. It identifies two principal competitor types across its geographic segments: niche players and large-scale global competitors. Named niche players are Delta Electronics, Inc., Stulz GmbH, Johnson Controls International PLC and Socomec Holding SA. Named large-scale global competitors are Schneider Electric, S.E., Eaton Corporation Plc, Legrand SA and Huawei Investment & Holding Co., Ltd. The company also states that most competitors target a specific offering or geographic location.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1 — sec.gov
Key risks
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The company relies on continued growth in customers’ critical infrastructure systems, particularly data center and communication infrastructure.
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Customer markets could be disrupted by policy changes, zoning decisions, community opposition, moratoria, consolidation or shifts in purchasing power.
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Long-term, fixed-price contracts may create excess costs and penalties, including from cost changes, shortages, delays or supplier performance failures.
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Changes in production costs beyond the company’s control may be exacerbated by failures to manage supply chain and inventory.
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Future legislation and regulation could disrupt customer markets and affect business operations and performance.
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Global macroeconomic weakness and uncertainty could adversely affect the business, operating results and financial condition.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1A — sec.gov
People and operations
As of December 31, 2025, Vertiv employed approximately 34,000 full-time and part-time employees; the company states that approximately 41% worked in manufacturing operations. It reports significant manufacturing and operations facilities in the Americas, Asia Pacific and Europe, Middle East & Africa, supported by regional engineering and configuration centers. The company says it obtains materials and supplies from a variety of sources, generally from more than one supplier. It also states that shortages, spot purchases, premium freight, logistical issues and trade restrictions can create production and delivery challenges.
Source: Vertiv Holdings Co. Form 10-K for fiscal 2025, Item 1 — sec.gov