Vertiv Holdings Co Financials
This page shows Vertiv Holdings Co (VRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vertiv Holdings Co has an operating margin of 17.9%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is up from 17.1% the prior year.
Vertiv Holdings Co's revenue surged 27.7% year-over-year to $10.2B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Vertiv Holdings Co carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Vertiv Holdings Co's current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Vertiv Holdings Co converts 18.5% of revenue into free cash flow ($1.9B). This strong cash generation earns a score of 93/100.
Vertiv Holdings Co earns a strong 33.8% return on equity (ROE), meaning it generates $34 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 20.4% the prior year.
Vertiv Holdings Co scores 8.43, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($93.0B) relative to total liabilities ($8.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Vertiv Holdings Co passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Vertiv Holdings Co generates $1.59 in operating cash flow ($2.1B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Vertiv Holdings Co earns $21.3 in operating income for every $1 of interest expense ($1.8B vs $86.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Vertiv Holdings Co generated $10.2B in revenue in fiscal year 2025. This represents an increase of 27.7% from the prior year.
Vertiv Holdings Co's EBITDA was $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.0% from the prior year.
Vertiv Holdings Co generated $1.9B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 64.3% from the prior year.
Vertiv Holdings Co reported $1.3B in net income in fiscal year 2025. This represents an increase of 168.8% from the prior year.
Vertiv Holdings Co earned $3.41 per diluted share (EPS) in fiscal year 2025. This represents an increase of 166.4% from the prior year.
Vertiv Holdings Co held $1.7B in cash against $2.9B in long-term debt as of fiscal year 2025.
Vertiv Holdings Co had 383M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Vertiv Holdings Co's gross margin was 36.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Vertiv Holdings Co's operating margin was 17.9% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Vertiv Holdings Co's net profit margin was 13.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.
Vertiv Holdings Co's ROE was 33.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.5 percentage points from the prior year.
Vertiv Holdings Co invested $441.7M in research and development in fiscal year 2025. This represents an increase of 20.2% from the prior year.
Vertiv Holdings Co spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Vertiv Holdings Co invested $220.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 31.7% from the prior year.
VRT Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B+7.6% | $2.7B+1.4% | $2.6B+29.6% | $2.0B-13.2% | $2.3B+25.8% | $1.9B+7.0% | $1.7B+0.5% | $1.7B |
| Cost of Revenue | $1.8B+5.6% | $1.7B-4.4% | $1.7B+29.0% | $1.3B-8.6% | $1.5B+24.9% | $1.2B+6.0% | $1.1B-2.2% | $1.1B |
| Gross Profit | $1.1B+11.0% | $1.0B+12.7% | $896.6M+30.6% | $686.5M-21.1% | $870.2M+27.3% | $683.4M+8.9% | $627.6M+5.7% | $594.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $461.6M+11.4% | $414.3M+4.7% | $395.6M+14.2% | $346.3M-4.2% | $361.6M+3.7% | $348.8M+6.6% | $327.2M-0.1% | $327.6M |
| Operating Income | $579.9M+12.2% | $516.7M+16.8% | $442.4M+52.2% | $290.7M-36.4% | $457.2M+60.3% | $285.2M+13.7% | $250.9M+21.9% | $205.8M |
| Interest Expense | $16.7M-26.8% | $22.8M+7.0% | $21.3M-15.8% | $25.3M-17.6% | $30.7M-28.4% | $42.9M-1.4% | $43.5M-7.2% | $46.9M |
| Income Tax | $117.6M+25.5% | $93.7M-3.3% | $96.9M-4.0% | $100.9M+2.7% | $98.2M+316.8% | -$45.3M-187.6% | $51.7M+74.1% | $29.7M |
| Net Income | $445.6M+11.8% | $398.5M+22.9% | $324.2M+97.1% | $164.5M+11.9% | $147.0M-36.8% | $232.6M+147.2% | $94.1M+13.1% | $83.2M |
| EPS (Diluted) | $1.14+11.8% | $1.02+22.9% | $0.83+97.6% | $0.42+10.5% | $0.38-37.7% | $0.61+154.2% | $0.24+9.1% | $0.22 |
VRT Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2B+12.9% | $10.8B+3.9% | $10.4B+10.1% | $9.5B+3.5% | $9.1B+14.2% | $8.0B+7.9% | $7.4B+2.2% | $7.3B |
| Current Assets | $6.8B+4.1% | $6.5B+3.9% | $6.3B+15.4% | $5.5B+7.1% | $5.1B+27.5% | $4.0B+10.5% | $3.6B+7.2% | $3.4B |
| Cash & Equivalents | $1.7B+23.8% | $1.4B-14.9% | $1.6B+11.8% | $1.5B+19.5% | $1.2B+57.3% | $780.4M+56.1% | $500.0M+81.9% | $274.9M |
| Inventory | $1.5B+1.3% | $1.4B+1.7% | $1.4B+2.2% | $1.4B+11.2% | $1.2B+40.7% | $884.3M-4.1% | $921.7M+0.2% | $920.2M |
| Accounts Receivable | $3.1B+10.6% | $2.8B-0.7% | $2.8B+22.5% | $2.3B-2.2% | $2.4B+11.5% | $2.1B+4.8% | $2.0B-0.1% | $2.0B |
| Goodwill | $2.0B+40.8% | $1.4B+5.1% | $1.4B+2.6% | $1.3B+1.4% | $1.3B-0.7% | $1.3B+3.6% | $1.3B-1.2% | $1.3B |
| Total Liabilities | $8.3B+13.2% | $7.3B+0.4% | $7.3B+7.3% | $6.8B+1.3% | $6.7B+11.9% | $6.0B+5.0% | $5.7B+1.8% | $5.6B |
| Current Liabilities | $4.4B+23.2% | $3.6B-1.0% | $3.6B+13.5% | $3.2B+2.8% | $3.1B+34.3% | $2.3B+9.7% | $2.1B+2.2% | $2.1B |
| Long-Term Debt | $2.9B-0.2% | $2.9B-0.1% | $2.9B-0.1% | $2.9B-0.1% | $2.9B-0.4% | $2.9B-0.1% | $2.9B-0.1% | $2.9B |
| Total Equity | $3.9B+12.3% | $3.5B+12.3% | $3.1B+17.2% | $2.7B+9.5% | $2.4B+20.8% | $2.0B+17.6% | $1.7B+3.4% | $1.7B |
| Retained Earnings | $1.0B+69.5% | $606.3M+173.1% | $222.0M+352.3% | -$88.0M+63.1% | -$238.3M+65.6% | -$691.9M+24.4% | -$915.0M+9.3% | -$1.0B |
VRT Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $978.9M+92.4% | $508.7M+57.5% | $322.9M+6.5% | $303.3M-28.7% | $425.2M+19.4% | $356.2M+43.2% | $248.7M-1.9% | $253.6M |
| Capital Expenditures | $93.3M+106.4% | $45.2M+0.4% | $45.0M+23.3% | $36.5M-39.9% | $60.7M+27.0% | $47.8M+80.4% | $26.5M+2.7% | $25.8M |
| Free Cash Flow | $885.6M+91.1% | $463.5M+66.8% | $277.9M+4.2% | $266.8M-26.8% | $364.5M+18.2% | $308.4M+38.8% | $222.2M-2.5% | $227.8M |
| Investing Cash Flow | -$608.1M+14.3% | -$709.9M-393.0% | -$144.0M-271.1% | -$38.8M+52.1% | -$81.0M-19.1% | -$68.0M-148.2% | -$27.4M-4.2% | -$26.3M |
| Financing Cash Flow | -$28.0M-145.6% | -$11.4M-42.5% | -$8.0M+67.9% | -$24.9M-112.8% | -$11.7M-8.3% | -$10.8M-250.0% | $7.2M+103.2% | -$225.1M |
| Dividends Paid | $24.0M+69.0% | $14.2M0.0% | $14.2M0.0% | $14.2M+0.7% | $14.1M+48.4% | $9.5M | $0 | $0 |
| Share Buybacks | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
VRT Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.9%+1.2pp | 37.8%+3.8pp | 34.0%+0.3pp | 33.7%-3.4pp | 37.1%+0.5pp | 36.6%+0.6pp | 36.0%+1.8pp | 34.3% |
| Operating Margin | 20.1%+0.8pp | 19.3%+2.5pp | 16.8%+2.5pp | 14.3%-5.2pp | 19.5%+4.2pp | 15.3%+0.9pp | 14.4%+2.5pp | 11.9% |
| Net Margin | 15.5%+0.6pp | 14.9%+2.6pp | 12.3%+4.2pp | 8.1%+1.8pp | 6.3%-6.2pp | 12.5%+7.1pp | 5.4%+0.6pp | 4.8% |
| Return on Equity | 11.3%-0.1pp | 11.4%+1.0pp | 10.4%+4.2pp | 6.2%+0.1pp | 6.0%-5.5pp | 11.5%+6.1pp | 5.5%+0.5pp | 5.0% |
| Return on Assets | 3.6%-0.0pp | 3.7%+0.6pp | 3.1%+1.4pp | 1.7%+0.1pp | 1.6%-1.3pp | 2.9%+1.6pp | 1.3%+0.1pp | 1.1% |
| Current Ratio | 1.55-0.3 | 1.83+0.1 | 1.74+0.0 | 1.72+0.1 | 1.65-0.1 | 1.74+0.0 | 1.72+0.1 | 1.64 |
| Debt-to-Equity | 0.73-0.1 | 0.83-0.1 | 0.93-0.2 | 1.09-0.1 | 1.19-0.3 | 1.45-0.3 | 1.71-0.1 | 1.77 |
| FCF Margin | 30.8%+13.4pp | 17.3%+6.8pp | 10.5%-2.6pp | 13.1%-2.4pp | 15.5%-1.0pp | 16.5%+3.8pp | 12.8%-0.4pp | 13.1% |
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Frequently Asked Questions
What is Vertiv Holdings Co's annual revenue?
Vertiv Holdings Co (VRT) reported $10.2B in total revenue for fiscal year 2025. This represents a 27.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vertiv Holdings Co's revenue growing?
Vertiv Holdings Co (VRT) revenue grew by 27.7% year-over-year, from $8.0B to $10.2B in fiscal year 2025.
Is Vertiv Holdings Co profitable?
Yes, Vertiv Holdings Co (VRT) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 13.0%.
What is Vertiv Holdings Co's earnings per share (EPS)?
Vertiv Holdings Co (VRT) reported diluted earnings per share of $3.41 for fiscal year 2025. This represents a 166.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vertiv Holdings Co's EBITDA?
Vertiv Holdings Co (VRT) had EBITDA of $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vertiv Holdings Co have?
As of fiscal year 2025, Vertiv Holdings Co (VRT) had $1.7B in cash and equivalents against $2.9B in long-term debt.
What is Vertiv Holdings Co's gross margin?
Vertiv Holdings Co (VRT) had a gross margin of 36.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vertiv Holdings Co's operating margin?
Vertiv Holdings Co (VRT) had an operating margin of 17.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vertiv Holdings Co's net profit margin?
Vertiv Holdings Co (VRT) had a net profit margin of 13.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vertiv Holdings Co's return on equity (ROE)?
Vertiv Holdings Co (VRT) has a return on equity of 33.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vertiv Holdings Co's free cash flow?
Vertiv Holdings Co (VRT) generated $1.9B in free cash flow during fiscal year 2025. This represents a 64.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vertiv Holdings Co's operating cash flow?
Vertiv Holdings Co (VRT) generated $2.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vertiv Holdings Co's total assets?
Vertiv Holdings Co (VRT) had $12.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vertiv Holdings Co's capital expenditures?
Vertiv Holdings Co (VRT) invested $220.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Vertiv Holdings Co spend on research and development?
Vertiv Holdings Co (VRT) invested $441.7M in research and development during fiscal year 2025.
How many shares does Vertiv Holdings Co have outstanding?
Vertiv Holdings Co (VRT) had 383M shares outstanding as of fiscal year 2025.
What is Vertiv Holdings Co's current ratio?
Vertiv Holdings Co (VRT) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Vertiv Holdings Co's debt-to-equity ratio?
Vertiv Holdings Co (VRT) had a debt-to-equity ratio of 0.73 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vertiv Holdings Co's return on assets (ROA)?
Vertiv Holdings Co (VRT) had a return on assets of 10.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vertiv Holdings Co's Altman Z-Score?
Vertiv Holdings Co (VRT) has an Altman Z-Score of 8.43, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vertiv Holdings Co's Piotroski F-Score?
Vertiv Holdings Co (VRT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vertiv Holdings Co's earnings high quality?
Vertiv Holdings Co (VRT) has an earnings quality ratio of 1.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vertiv Holdings Co cover its interest payments?
Vertiv Holdings Co (VRT) has an interest coverage ratio of 21.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vertiv Holdings Co?
Vertiv Holdings Co (VRT) scores 85 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.