Vertiv Holdings Co VRT

Technology SIC 3679 - Electronic Components, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Other Electronic Component Manufacturing derived NYSE

Vertiv is a global leader in critical digital infrastructure for applications in data centers, communication networks, and commercial and industrial environments. As businesses, industries, and communities become more connected, we pioneer and deliver end-to-end power and cooling technologies to help our customers stay resilient, optimized, and future-ready. With our industry-leading innovative technologies and global services network, we are fueling the revolution of the digital world — keeping technology ecosystems running efficiently and without interruption. We believe that Vertiv is supercharging data's potential; accelerating the pace of technology, raising the bar for accelerated compute and redefining the limits of densification. The world depends on data we power and cool™.

Last close 194.32 2026-10-23
Market cap $74.81B 2026-06-30 share count
52-week range 147.82 - 379.94

Valuation FY2025 figures against the last close

P/S7.3x
P/E57.0x
P/FCF39.5x
EV/EBITDA35.5x
Dividend yield0.1%
Diluted EPS3.41

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Asia Pacific
  • Europe
  • Latin America and Canada
  • Middle East/Africa
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 6B (58.8%) 59% United States Asia Pacific, FY2025: 2B (19.7%) 20% Asia Pacific Europe, FY2025: 1.5B (14.4%) 14% Europe Latin America and Canada, FY2025: 436.9M (4.3%) 4% Middle East/Africa, FY2025: 284.5M (2.8%) FY2024 United States, FY2024: 4.1B (51.0%) 51% Asia Pacific, FY2024: 1.7B (21.2%) 21% Europe, FY2024: 1.5B (19.0%) 19% Latin America and Canada, FY2024: 426.9M (5.3%) 5% Middle East/Africa, FY2024: 274.1M (3.4%) FY2023 United States, FY2023: 3.4B (50.0%) 50% Asia Pacific, FY2023: 1.5B (21.6%) 22% Europe, FY2023: 1.3B (19.0%) 19% Latin America and Canada, FY2023: 448.9M (6.5%) 7% Middle East/Africa, FY2023: 196.6M (2.9%)
Region FY2025FY2024FY2023
United States $6.01B $4.09B $3.43B
Asia Pacific $2.02B $1.70B $1.48B
Europe $1.47B $1.52B $1.31B
Latin America and Canada $436.9M $426.9M $448.9M
Middle East/Africa $284.5M $274.1M $196.6M

As the company reported it, from the “SEGMENT INFORMATION - Schedule of Sales by Destination (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Americas
  • Asia Pacific
  • Europe, Middle East, & Africa
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 6.4B (62.4%) 62% Americas Asia Pacific, FY2025: 2B (19.7%) 20% Asia Pacific Europe, Middle East, & Africa, FY2025: 1.8B (17.8%) 18% FY2024 Americas, FY2024: 4.5B (56.2%) 56% Asia Pacific, FY2024: 1.7B (21.4%) 21% Europe, Middle East, & Africa, FY2024: 1.8B (22.4%) 22% FY2023 Americas, FY2023: 3.8B (56.0%) 56% Asia Pacific, FY2023: 1.5B (22.3%) 22% Europe, Middle East, & Africa, FY2023: 1.5B (21.7%) 22%
Segment FY2025FY2024FY2023
Americas $6.39B $4.50B $3.84B
Asia Pacific $2.02B $1.72B $1.53B
Europe, Middle East, & Africa $1.82B $1.79B $1.49B

As the company reported it, from the “SEGMENT INFORMATION - Schedule of Income (loss) before income taxes (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $10.23B$8.01B$6.86B$5.69B$5.00B$4.37B$4.43B$4.29B$0—
Cost of revenue $6.51B$5.08B$4.46B$4.08B$3.48B$2.90B$2.98B$2.87B——
Gross profit $3.72B$2.93B$2.40B$1.62B$1.52B$1.47B$1.45B$1.42B——
R&D $441.7M$367.6M$303.5M$282.0M$266.4M$228.6M$229.4M$198.3M——
SG&A $1.62B$1.37B$1.31B$1.18B$1.11B$1.01B$1.10B$1.22B$1.3K—
Operating income $1.83B$1.37B$872.2M$223.4M$259.9M$213.5M$206.1M———
Interest expense $86.1M$150.4M$180.1M$147.3M$90.6M$150.4M$310.4M$288.8M——
Pre-tax income $1.74B$765.4M$533.7M$167.0M$166.2M-$254.6M-$104.3M-$271.0M-$1.3K—
Income tax $409.1M$269.6M$73.5M$90.4M$46.6M$72.7M$36.5M$49.9M$0—
Net income $1.33B$495.8M$460.2M$76.6M$119.6M-$327.3M-$140.8M-$314.0M-$1.3K-$303.4K
EPS, basic 3.491.321.210.200.34-1.07-1.19-2.65——
EPS, diluted 3.411.281.19-0.040.33-1.07-1.19-2.65——
Shares, diluted (wtd. avg.) 390.7M386.3M386.2M378.2M360.1M307.1M118.3M118.3M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.73B$1.23B$780.4M$273.2M$447.1M$542.6M$233.7M$225.3M$398.2M—
Receivables $3.11B$2.36B$2.12B$1.89B$1.54B$1.35B$1.21B———
Inventory $1.46B$1.24B$884.3M$822.0M$616.3M$446.6M$401.0M———
Total current assets $6.82B$5.10B$4.00B$3.16B$2.70B$2.52B$2.02B$1.2M$25.0K—
Property, plant and equipment $921.8M$625.1M$560.1M$489.4M$489.3M$427.6M$428.2M———
Goodwill $2.03B$1.32B$1.33B$1.28B$1.33B$607.2M$605.8M$634.0M——
Other intangibles $1.89B$1.49B$1.67B$1.82B$2.14B$1.30B$1.44B———
Total assets $12.21B$9.13B$8.00B$7.10B$6.94B$5.07B$4.66B$697.3M$25.0K—
Accounts payable $1.76B$1.32B$986.4M$984.0M$858.5M$730.5M$636.8M$644.2K$1.3K—
Short-term debt $20.9M$21.0M$21.8M$21.8M$21.8M$22.0M$0———
Total current liabilities $4.41B$3.10B$2.31B$1.90B$1.85B$1.74B$1.52B$1.3M$1.3K—
Long-term debt $2.89B$2.91B$2.92B$3.17B$2.95B$2.13B$3.47B———
Total liabilities $8.27B$6.70B$5.98B$5.65B$5.52B$4.56B$5.36B$25.4M$1.3K—
Retained earnings $1.03B-$238.3M-$691.9M-$1.14B-$1.22B-$1.33B-$1.00B$4.7M-$304.7K—
Total equity $3.94B$2.43B$2.01B$1.44B$1.42B$512.1M-$704.8M-$540.3M-$129.6M$25.0K

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.11B$1.32B$900.5M-$152.8M$210.9M$208.9M$57.5M-$221.9M—-$25.0K
Depreciation and amortisation $308.6M$277.0M$271.0M$302.4M$227.0M$203.1M$202.9M$217.0M——
Stock-based compensation $45.9M$34.6M$25.0M$24.7M$23.2M$13.0M$0$0——
Capital expenditure $220.0M$167.0M$127.9M$100.0M$73.4M$44.4M$47.6M$64.6M——
Investing cash flow -$1.50B-$201.7M-$139.1M-$112.1M-$1.22B-$45.7M-$65.3M-$207.7M——
Financing cash flow -$72.3M-$652.1M-$247.5M$100.2M$914.9M$140.7M$14.8M$245.1M—$25.0K
Dividends paid $66.6M$42.2M$9.5M$3.8M$3.8M$3.3M$0$0——
Buybacks $0$599.9M$0$0——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-174898.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Net income, FY2016: -303.4K Revenue, FY2017: 0 Net income, FY2017: -1.3K Revenue, FY2018: 4.3B Gross profit, FY2018: 1.4B Net income, FY2018: -314M Revenue, FY2019: 4.4B Gross profit, FY2019: 1.5B Net income, FY2019: -140.8M Revenue, FY2020: 4.4B Gross profit, FY2020: 1.5B Net income, FY2020: -327.3M Revenue, FY2021: 5B Gross profit, FY2021: 1.5B Net income, FY2021: 119.6M Revenue, FY2022: 5.7B Gross profit, FY2022: 1.6B Net income, FY2022: 76.6M Revenue, FY2023: 6.9B Gross profit, FY2023: 2.4B Net income, FY2023: 460.2M Revenue, FY2024: 8B Gross profit, FY2024: 2.9B Net income, FY2024: 495.8M Revenue, FY2025: 10.2B Gross profit, FY2025: 3.7B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $0 $4.29B $4.43B $4.37B $5.00B $5.69B $6.86B $8.01B $10.23B
Gross profit — — $1.42B $1.45B $1.47B $1.52B $1.62B $2.40B $2.93B $3.72B
Net income -$303.4K -$1.3K -$314.0M -$140.8M -$327.3M $119.6M $76.6M $460.2M $495.8M $1.33B

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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