Vertiv Holdings Co VRT
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™.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.49 | 1.32 | 1.21 | 0.20 | 0.34 | -1.07 | -1.19 | -2.65 | — | — |
| EPS, diluted | 3.41 | 1.28 | 1.19 | -0.04 | 0.33 | -1.07 | -1.19 | -2.65 | — | — |
| Shares, diluted (wtd. avg.) | $390.7M | $386.3M | $386.2M | $378.2M | $360.1M | $307.1M | $118.3M | $118.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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