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VRT Vertiv Holdings Co

NYSETechnologyElectronic Components, NECWesterville, OHFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 13, 2026

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$10.2BYoYup 27.69%ended Dec 31, 2025
Net income
$1.33B13.0% margin
Diluted EPS
$3.41YoYup 166.41%
Free cash flow
$1.89B18.5% margin
Cash
$1.73BNet debt $1.18B
Total debt
$2.91BD/E 0.74×
About Vertiv Holdings Co

Overview

Vertiv Holdings Co (VRT) is listed on NYSE; the SEC classifies it under "Electronic Components, NEC".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $10.23B, up 27.7% from fiscal 2024.

Net income was $1.33B, a net margin of 13.0%.

At fiscal year end it had total assets of $12.21B and stockholders' equity of $3.94B (32.3% of assets).

Fiscal years shown
FY2018–FY2025 (8 years)
Latest 10-K
Feb 13, 2026
Latest filing
10-QOct 28, 2026
FY2018–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2018 to FY2025.
PeriodRevenueNet incomeNet margin
FY2018—$5.03M—
FY2019—$4.39M—
FY2020$4.37B-$184M-4.2%
FY2021$5B$120M2.4%
FY2022$5.69B$76.6M1.3%
FY2023$6.86B$460M6.7%
FY2024$8.01B$496M6.2%
FY2025$10.2B$1.33B13.0%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2018 to FY2025.
PeriodGross marginOperating marginNet margin
FY2018———
FY2019———
FY202033.7%—-4.2%
FY202130.5%5.2%2.4%
FY202228.4%3.9%1.3%
FY202335.0%12.7%6.7%
FY202436.6%17.1%6.2%
FY202536.3%17.9%13.0%

Diluted EPS

Diluted EPS, fiscal years FY2018 to FY2025.
PeriodEPS (diluted)
FY2018—
FY2019—
FY2020-$0.60
FY2021$0.33
FY2022-$0.04
FY2023$1.19
FY2024$1.28
FY2025$3.41

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2018 to FY2025.
PeriodFree cash flowNet income
FY2018—$5.03M
FY2019—$4.39M
FY2020$165M-$184M
FY2021$138M$120M
FY2022-$253M$76.6M
FY2023$773M$460M
FY2024$1.15B$496M
FY2025$1.89B$1.33B

Diluted shares

Diluted shares, fiscal years FY2018 to FY2025.
PeriodDiluted shares (weighted)
FY2018—
FY2019—
FY2020307M
FY2021360M
FY2022378M
FY2023386M
FY2024386M
FY2025391M

Cash vs total debt

Cash vs total debt, fiscal years FY2018 to FY2025.
PeriodCash & equivalentsTotal debt
FY2018$836K—
FY2019$707M—
FY2020$535M$2.15B
FY2021$439M$2.97B
FY2022$261M$3.19B
FY2023$780M$2.94B
FY2024$1.23B$2.93B
FY2025$1.73B$2.91B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
36.3%
Operating margin
17.9%
Net margin
13.0%
FCF margin
18.5%
Return on equity
41.8%
Return on assets
12.5%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR
Revenueup 27.69%up 21.59%up 18.54%
EPS (diluted)up 166.41%——
Free cash flowup 64.35%—up 63.02%
Change in share count
+1.12%

Financial strength

Current ratio
1.55×
Debt / equity
0.74×
Liabilities / assets
67.7%
Net debt
$1.18B
Interest coverage
21.3×
Equity / assets
32.3%

Shareholder returns

Dividends paid
$66.6M
Buybacks
$0
Payout ratio
5.0%
Stock comp. / revenue
0.4%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

6 of 9 checks passed

FY2025 vs FY2024

  • PassPositive return on assets14.6%
  • PassPositive operating cash flow$2.11B
  • PassReturn on assets improved14.6% vs 6.2%
  • PassOperating cash flow above net income23.1% vs 14.6%
  • PassLong-term debt / assets fell23.7% vs 31.8%
  • FailCurrent ratio improved1.55× vs 1.65×
  • FailNo increase in share count391M vs 386M
  • FailGross margin improved36.3% vs 36.6%
  • PassAsset turnover improved1.12× vs 1×

Altman Z''-Score

Safe zone (above 2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.198×6.561.30
Retained earnings / assets0.084×3.260.27
Operating income / assets0.150×6.721.01
Equity / liabilities0.477×1.050.50
Z''3.08

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 8 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018
Revenue10,2308,0126,8635,6924,9984,371——
YoY (Revenue)+27.69%+16.74%+20.59%+13.87%+14.36%———
Gross profit3,7152,9342,4011,6161,5231,474——
Research & development442352304282266229——
Selling, general & admin.1,6181,3741,3121,1781,1091,008——
Operating income1,8301,367872223260———
Interest expense86.115018014790.6150——
Pretax income1,742765534167166-1116.56.37
Income tax40927073.590.446.672.72.111.34
Net income1,33349646076.6120-1844.395.03
YoY (Net income)+168.82%+7.74%+500.78%-35.95%—-4,282.43%-12.74%—
EPS (basic)3.491.321.210.200.34-0.60——
EPS (diluted)3.411.281.19-0.040.33-0.60——
YoY (EPS (diluted))+166.41%+7.56%—-112.12%————
Diluted shares (weighted)391386386378360307——

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018
Cash & equivalents1,7281,2287802614395357070.84
Receivables3,1092,3632,1851,8891,5361,354——
Inventory1,4571,244884822616447——
Current assets6,8205,1024,0023,1592,6992,5197091.18
Goodwill2,0341,3211,3301,2851,330607——
Intangible assets1,8951,4871,6731,8162,1381,303——
Total assets12,2129,1337,9997,0966,9405,074709697
Current liabilities4,4073,0972,3051,8981,8551,67330.81.28
Short-term debt20.92121.821.821.822——
Long-term debt2,8922,9072,9193,1692,9512,131——
Total liabilities8,2716,6985,9845,6545,5224,40630.825.4
Retained earnings1,028-238-692-1,143-1,215-1,18854.73
Stockholders' equity3,9412,4342,0151,4421,41866855
Shares outstanding383381382377376342328—

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018
Operating cash flow2,1141,319901-1532112099.72-0.71
Capital expenditures22016712810073.444.4——
Free cash flow1,8941,152773-253138165——
YoY (Free cash flow)+64.35%+49.15%—-283.85%-16.41%———
Depreciation & amortization309277271302227203——
Stock-based compensation45.934.62524.723.213——
Share repurchases0600——————
Dividends paid66.642.29.53.83.83.3——
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$3.41
Revenue per share
$26.19
FCF per share
$4.85
Book value per share
$10.09
Tangible book per share
$0.03
Cash per share
$4.42
Public floatas of Jun 30, 2025
$48.2B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-K
    Current report· Oct 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Oct 27, 2026(SEC EDGAR)
    • 2.01Acquisition or disposal of assets
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  4. 8-K
    Current report· Oct 26, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  5. 8-K
    Current report· Sep 24, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Sep 1, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· Sep 2, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  8. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  9. 8-K
    Current report· Jul 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  10. 8-K
    Current report· Jun 17, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
All filings on SEC EDGAR

Frequently asked questions

What does Vertiv Holdings Co do?

The SEC classifies Vertiv Holdings Co under Standard Industrial Classification (SIC) code 3679, "Electronic Components, NEC". It is headquartered in Westerville, OH. It is incorporated in DE. In fiscal 2025 it reported revenue of $10.23B and net income of $1.33B in its annual 10-K report.

What was Vertiv Holdings Co's revenue in 2025?

Vertiv Holdings Co reported revenue of $10.23B for fiscal 2025, which ended Dec 31, 2025, up 27.7% from $8.01B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 13, 2026.

What was Vertiv Holdings Co's net income in 2025?

Vertiv Holdings Co reported net income of $1.33B for fiscal 2025, a net margin of 13.0% of revenue.

Where is Vertiv Holdings Co listed?

According to the SEC, Vertiv Holdings Co's ticker VRT is listed on NYSE.

When does Vertiv Holdings Co's fiscal year end?

According to the SEC, Vertiv Holdings Co's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.