Overview
Vertiv Holdings Co
Latest 10-K: FY2025, filed Feb 13, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $10.23B
- 27.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- $3.72B
- 26.6%YoYup from FY2024
- GrossProfit
- Operating income
- $1.83B
- 33.8%YoYup from FY2024
- OperatingIncome
- Net income
- $1.33B
- 168.8%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.41
- 166.4%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 390.7M
- 1.1%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Vertiv Holdings Co reported revenue of $10.23B for fiscal 2025, up 27.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 17.9% and net margin was 13.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.41, up 166.4% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $10.23B27.7%up Benchmark median 6.4% | $8.01B16.7%up Benchmark median 4.5% | $6.86B20.6%up Benchmark median 4.8% | $5.69B13.9%up Benchmark median 10.3% | $5.00B14.4%up Benchmark median 13.8% | 19.6% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $3.72B26.6%up Benchmark median 6.8% | $2.93B22.2%up Benchmark median 5.5% | $2.40B48.5%up Benchmark median 5.2% | $1.62B6.1%up Benchmark median 8.3% | $1.52B3.3%up Benchmark median 15.7% | 25.0% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $1.83B33.8%up Benchmark median 7.3% | $1.37B56.8%up Benchmark median 7.4% | $0.87B290.4%up Benchmark median 4.9% | $0.22B14.0%down Benchmark median 7.5% | $0.26B21.7%up Benchmark median 23.5% | 62.9% Benchmark median 7.2% |
| Net Income | $1.33B168.8%up Benchmark median 4.8% | $0.50B7.7%up Benchmark median 5.7% | $0.46B500.8%up Benchmark median 1.9% | $0.08B36.0%down Benchmark median 1.3% | $0.12Bn/m Benchmark median 33.9% | 82.7% Benchmark median 4.1% |
| EPS (Diluted) | $3.41166.4%up Benchmark median 6.2% | $1.287.6%up Benchmark median 7.9% | $1.19n/m Benchmark median 1.9% | negative: -$0.04112.1%down Benchmark median 1.5% | $0.33n/m Benchmark median 34.8% | 79.3% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $12.21B33.7%up Benchmark median 5.6% | $9.13B14.2%up Benchmark median 3.4% | $8.00B12.7%up Benchmark median 4.1% | $7.10B2.2%up Benchmark median 2.2% | $6.94B36.8%up Benchmark median 6.7% | 15.2% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $8.27B23.5%up Benchmark median 6.4% | $6.70B11.9%up Benchmark median 1.9% | $5.98B5.8%up Benchmark median 2.9% | $5.65B2.4%up Benchmark median 2.0% | $5.52B21.0%up Benchmark median 5.2% | 10.6% Benchmark median 4.4% |
| Stockholders' Equity | $3.94B61.9%up Benchmark median 6.8% | $2.43B20.8%up Benchmark median 5.4% | $2.01B39.7%up Benchmark median 7.3% | $1.44B1.7%up Benchmark median 2.5% | $1.42B176.8%up Benchmark median 9.0% | 29.1% Benchmark median 6.1% |
| Cash & Equivalents | $1.73B40.8%up Benchmark median 5.2% | $1.23B57.3%up Benchmark median 1.9% | $0.78B199.5%up Benchmark median 6.7% | $0.26B40.7%down Benchmark median -8.6% | $0.44B17.9%down Benchmark median -2.9% | 40.9% Benchmark median 2.0% |
| Total Debt | $2.91B0.5%down Benchmark median 2.1% | $2.93B0.4%down Benchmark median 0.2% | $2.94B7.8%down Benchmark median 0.3% | $3.19B7.4%up Benchmark median 0.1% | $2.97B38.1%up Benchmark median -0.1% | -0.5% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.11B60.2%up Benchmark median 6.3% | $1.32B46.5%up Benchmark median 4.8% | $0.90Bn/m Benchmark median 9.9% | negative: -$0.15B172.5%down Benchmark median -0.7% | $0.21B1.0%up Benchmark median 10.7% | 77.9% Benchmark median 7.0% |
| Capital Expenditures | $220.00M31.7%up Benchmark median 5.4% | $167.00M30.6%up Benchmark median 2.8% | $127.90M27.9%up Benchmark median 11.3% | $100.00M36.2%up Benchmark median 14.0% | $73.40M65.3%up Benchmark median 8.1% | 31.6% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.89B64.3%up Benchmark median 7.3% | $1.15B49.1%up Benchmark median 6.1% | $0.77Bn/m Benchmark median 8.8% | negative: -$0.25B283.9%down Benchmark median -11.3% | $0.14B16.4%down Benchmark median 10.2% | 92.6% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.1%
Wall Street
on net earnings
FY2024 1.1%
3.0%
Value investor
on free cash flow
FY2024 2.6%
Gap +0.9 pts: Value-investor figure 0.9 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 47.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
3.3%
Wall Street
on EBITDA
FY2024 3.6%
2.8%
Value investor
on EBIT
FY2024 3.0%
Gap −0.5 pts: Value-investor figure 0.5 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 30.2×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
6.2%
Wall Street
on book equity
FY2024 5.5%
0.0%
Value investor
on tangible book
FY2024 n/m
Gap −6.2 pts: Value-investor figure 6.2 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 16.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
41.8%
Wall Street
ROE: net income ÷ equity
FY2024 22.3%
23.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 18.4%
Gap −18.7 pts: Value-investor figure 18.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
20.9%
Wall Street
EBITDA margin
FY2024 20.5%
18.5%
Value investor
Free-cash-flow margin
FY2024 14.4%
Gap −2.4 pts: Value-investor figure 2.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.55×
Wall Street
Current ratio
FY2024 1.65×
1.22×
Value investor
Quick ratio, inventory excluded
FY2024 1.25×
Gap −0.33×: Value-investor figure 0.33 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.73×
Wall Street
EBITDA ÷ total debt
FY2024 0.56×
0.65×
Value investor
FCF ÷ total debt
FY2024 0.39×
Gap −0.08×: Value-investor figure 0.08 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.55×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
24.8×
Wall Street
EBITDA ÷ interest
FY2024 10.9×
21.3×
Value investor
EBIT ÷ interest
FY2024 9.1×
Gap −3.5×: Value-investor figure 3.5 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on VRT yet.
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Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/VRT
Valuein. (2026, October 31). Vertiv Holdings Co (VRT) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/VRT
@misc{valuein_vrt_2026,
author = {{Valuein}},
title = {Vertiv Holdings Co (VRT) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/VRT}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 13, 2026 · accession 0001674101-26-000008
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point-in-time · survivorship-free · every number traceable to its SEC filing
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