Friday 6 November 2026 Export VRT’s income statement to Excel — free account

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%

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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 Segments Valuation Filings

Vertiv Holdings Co. (VRT) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Products	8,391 82.02%	6,394 79.80%	5,406 78.77%	4,335 76.17%	3,695 73.92%	3,069 70.21%	3,356 75.74%	3,230 75.38%
Services	1,839 17.98%	1,618 20.20%	1,457 21.23%	1,356 23.83%	1,304 26.08%	1,302 29.79%	1,075 24.26%	1,055 24.62%
Also reported: a second breakdown of the same revenue
Products	8,207 80.23%	6,245 77.95%	5,271 76.80%	4,211 73.99%	—	—	—	—
Services & spares	2,023 19.77%	1,767 22.05%	1,592 23.20%	1,481 26.01%	1,439 28.78%	1,317 30.14%	1,338 30.20%	1,305 30.46%
Critical Infrastructure And Solutions	—	—	—	—	2,900 58.03%	2,435 55.70%	2,468 55.68%	2,301 53.69%
Integrated Rack Solutions	—	—	—	—	659 13.19%	619 14.16%	626 14.12%	679 15.85%
Product And Service Total	—	—	—	—	4,998	—	—	—
Revenue	10,230	8,012	6,863	5,692	4,998	4,371	4,431	4,286

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Products	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Americas	6,386 62.43%	4,501 56.17%	3,845 56.02%	2,729 47.94%	2,206 44.14%	2,041 46.69%	2,229 50.30%	2,146 50.07%
Asia Pacific	2,019 19.74%	1,718 21.44%	1,528 22.26%	1,601 28.13%	1,694 33.88%	1,368 31.31%	1,278 28.84%	1,244 29.03%
Europe, Middle East & Africa	1,824 17.83%	1,793 22.38%	1,491 21.72%	1,362 23.92%	1,267 25.36%	1,010 23.10%	976 22.03%	938 21.89%
Eliminations	—	—	—	—	(169) (3.39%)	(48) (1.10%)	(52) (1.17%)	(42) (0.99%)
Revenue	10,230	8,012	6,863	5,692	4,998	4,371	4,431	4,286

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Americas	‡	‡	‡	‡	‡	‡	‡	‡
Europe, Middle East & Africa	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023
United States	6,014 58.78%	4,086 51.00%	3,430 49.98%
Asia Pacific	2,020 19.75%	1,702 21.24%	1,480 21.57%
Europe	1,475 14.41%	1,524 19.02%	1,307 19.05%
Latin America and Canada	437 4.27%	427 5.33%	449 6.54%
Middle East/Africa	285 2.78%	274 3.42%	197 2.86%
Revenue	10,230	8,012	6,863

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q3 FY2025	$9.5B	—	—
Book-to-bill ratio	Q3 FY2025	1.4×	—	—
Orders	Q3 FY2025	21.0%	17.0%	—

	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡
Book-to-bill ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡
Orders	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.