Vertiv Holdings VRT
$182.86 +$6.13 (+3.47%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $183.02 +0.09%
Open$190.47
Prev close$176.73
Day range$178.25 – $192.14
Volume9.64M
Market cap$70.41B
P/E (TTM)34.2
Dividend yield0.14%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$4.31B+61.2% YoY
Operating profit$991.10M+80.8% YoY
Net profit$764.50M+91.8% YoY
Diluted EPS$1.95+91.2% YoY
Free cash flow$652.20M+49.6% YoY
Operating cash flow$794.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin38.1%
Operating margin20.4%
Net margin16.0%
Return on equity46.6%
Return on assets14.5%
Return on invested capital27.3%
Current ratio1.39
Liabilities / assets69.7%
Cash & investments$3.71B
Total debt$3.27B
Net cash (debt)$443.50M
Free cash flow / sales23.9%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $4.31B | $3.27B | $2.65B | $10.23B | $2.88B |
| Total Operating Revenue | $4.31B | $3.27B | $2.65B | $10.23B | $2.88B |
| Cost of Revenue | $2.67B | $2.04B | $1.65B | $6.51B | $1.76B |
| Gross Profit | $1.64B | $1.23B | $999.70M | $3.72B | $1.12B |
| Operating Expense | $652.30M | $597.00M | $566.10M | $1.82B | $514.50M |
| Selling and Admin Expenses | $556.90M | $494.40M | $456.70M | $1.62B | $461.60M |
| Depreciation & Amortization & Depletion | $65.30M | $73.70M | $77.60M | $200.40M | $59.30M |
| -Depreciation & Amortization | $65.30M | $73.70M | $77.60M | $200.40M | $59.30M |
| Other Operating Expenses | $30.10M | $28.90M | $31.80M | $800,000.00 | -$6.40M |
| Operating Profit | $991.10M | $637.90M | $433.60M | $1.90B | $606.90M |
| Net Non-Operating Interest Income (Expense) | -$6.40M | -$17.40M | $4.40M | -$86.10M | -$16.70M |
| Non-Operating Interest Expense | $6.40M | $17.40M | – | $86.10M | $16.70M |
| Other Income (Expense) | $10.10M | -$500,000.00 | $300,000.00 | -$68.20M | -$27.00M |
| Gain on Sale of Security | -$7.10M | -$3.90M | $1.60M | -$12.00M | -$6.20M |
| Special Income (Charges) | -$200,000.00 | $3.90M | -$1.30M | -$56.20M | -$20.80M |
| -Less:Restructuring and Mergern & Acquisition | $200,000.00 | -$3.90M | -$4.90M | $54.50M | $20.80M |
| Other Non-Operating Income (Expenses) | $17.40M | -$500,000.00 | – | – | – |
| Pretax Profit | $994.80M | $620.00M | $438.30M | $1.74B | $563.20M |
| Tax | $230.30M | $122.20M | $48.20M | $409.10M | $117.60M |
| Net Profit | $764.50M | $497.80M | $390.10M | $1.33B | $445.60M |
| Profit from Continuing Operations | $764.50M | $497.80M | $390.10M | $1.33B | $445.60M |
| Net Income to Parent Company | $764.50M | $497.80M | $390.10M | $1.33B | $445.60M |
| Net Income to Common Stockholders | $764.50M | $497.80M | $390.10M | $1.33B | $445.60M |
| Basic EPS | $1.99 | $1.29 | $1.02 | $3.49 | $1.16 |
| Diluted EPS | $1.95 | $1.27 | $0.99 | $3.41 | $1.14 |
| Dividend Per Share | $0.06 | $0.06 | $0.06 | $0.18 | $0.06 |
| Non-Operating Interest Income | – | – | $4.40M | – | – |
| -Less:Other Special Charges | – | – | $6.20M | $1.70M | $0.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $18.17B | $15.90B | $13.40B | $12.21B | $12.21B |
| Total Current Assets | $12.12B | $9.98B | $7.98B | $6.82B | $6.82B |
| Cash and Cash Equivalents & Short-Term Investments | $3.71B | $3.11B | $2.50B | $1.83B | $1.83B |
| -Cash and Cash Equivalents | $3.51B | $2.81B | $2.15B | $1.73B | $1.73B |
| -Short Term Investments | $198.80M | $300.00M | $349.90M | $99.50M | $99.50M |
| Receivables | $4.38B | $3.75B | $3.15B | $3.11B | $3.11B |
| -Accounts Receivable | $4.38B | $3.75B | $3.15B | $3.11B | $3.11B |
| Inventory | $3.29B | $2.52B | $1.83B | $1.46B | $1.46B |
| Other Current Assets | $743.50M | $601.30M | $500.80M | $426.10M | $426.10M |
| Total Non-Current Assets | $6.05B | $5.92B | $5.42B | $5.39B | $5.39B |
| Net PPE | $1.74B | $1.57B | $1.33B | $1.22B | $1.22B |
| -Gross PPE | $2.36B | $2.16B | $1.88B | $1.75B | $1.75B |
| -Accumulated Depreciation | -$620.20M | -$583.80M | -$547.90M | -$526.30M | -$526.30M |
| Goodwill and Other Intangible Assets | $4.02B | $4.08B | $3.83B | $3.93B | $3.93B |
| -Goodwill | $2.28B | $2.28B | $2.02B | $2.03B | $2.03B |
| -Other Intangible Assets | $1.74B | $1.80B | $1.81B | $1.89B | $1.89B |
| Non-Current Deferred Assets | $171.90M | $170.10M | $177.80M | $179.60M | $179.60M |
| Other Non-Current Assets | $123.90M | $90.40M | $79.70M | $60.00M | $60.00M |
| Total Liabilities | $12.67B | $11.14B | $9.16B | $8.27B | $8.27B |
| Total Current Liabilities | $8.71B | $7.24B | $5.34B | $4.41B | $4.41B |
| Payables | $3.39B | $2.55B | $2.03B | $1.80B | $1.80B |
| -Accounts Payable | $3.24B | $2.47B | $1.95B | $1.76B | $1.76B |
| -Total Tax Payable | $145.80M | $74.80M | $73.50M | $43.40M | $43.40M |
| Current Accrued Expenses | $293.60M | $257.10M | $606.60M | $701.90M | $701.90M |
| Short-Term Debt and Capital Lease Obligation | $92.10M | $82.00M | $72.30M | $90.60M | $90.60M |
| -Current Debt | $3.40M | – | – | $20.90M | $20.90M |
| -Current Capital Lease Obligation | $88.70M | $82.00M | $72.30M | $69.70M | $69.70M |
| Current Deferred Liabilities | $4.12B | $3.63B | $2.46B | $1.81B | $1.81B |
| Other Current Liabilities | $814.00M | $722.30M | $177.30M | – | – |
| Total Non-Current Liabilities | $3.96B | $3.90B | $3.81B | $3.86B | $3.86B |
| Long Term Debt and Capital Lease Obligation | $3.26B | $3.26B | $3.19B | $3.14B | $3.14B |
| -Long Term Debt | $2.93B | $2.94B | $2.92B | $2.89B | $2.89B |
| -Long Term Capital Lease Obligation | $339.70M | $316.40M | $270.40M | $245.20M | $245.20M |
| Non-Current Deferred Liabilities | $248.50M | $234.10M | $221.20M | $232.80M | $232.80M |
| Other Non-Current Liabilities | $448.50M | $410.00M | $398.20M | $494.00M | $494.00M |
| Total Equity | $5.50B | $4.76B | $4.24B | $3.94B | $3.94B |
| Stockholders' Equity | $5.50B | $4.76B | $4.24B | $3.94B | $3.94B |
| Capital Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| -Common Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $2.97B | $2.95B | $2.93B | $2.90B | $2.90B |
| Retained Earnings | $2.61B | $1.87B | $1.39B | $1.03B | $1.03B |
| Gains/Losses Not Affecting Retained Earnings | -$81.40M | -$65.20M | -$76.20M | $18.20M | $18.20M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $794.00M | $1.10B | $766.80M | $2.11B | $1.00B |
| Net cash flow from continuing operations | $794.00M | $1.10B | $766.80M | $2.11B | $1.00B |
| Net Income from Continuing Operations | $764.50M | $497.80M | $390.10M | $1.33B | $445.60M |
| Depreciation & Depletion & Amortization | $107.90M | $115.80M | $107.70M | $308.60M | $88.30M |
| Deferred Tax | $16.10M | $2.10M | -$28.20M | $22.60M | -$69.60M |
| Other Non-Cash Items | $24.10M | $19.30M | $52.40M | $64.60M | $27.40M |
| Change in Working Capital | -$138.30M | $451.00M | $227.80M | $339.30M | $506.00M |
| -Change in Receivables | -$631.90M | -$586.50M | -$57.70M | -$547.50M | -$207.70M |
| -Change in Inventory | -$766.90M | -$663.80M | -$384.20M | -$164.70M | -$21.60M |
| -Change in Payables and Accrued Expense | $836.50M | $600.10M | $107.40M | $474.30M | $93.00M |
| -Change in Other Current Assets | -$160.20M | -$56.80M | -$88.50M | -$72.90M | -$32.20M |
| -Change In Other Working Capital | $584.20M | $1.16B | $650.80M | $650.10M | $674.50M |
| Net cash flow from investing | -$47.60M | -$404.00M | -$376.70M | -$1.50B | -$634.10M |
| Net Cash Flow from Continuing Investing Activities | -$47.60M | -$404.00M | -$376.70M | -$1.50B | -$634.10M |
| Capital Expenditure | -$141.80M | -$174.50M | -$114.00M | -$226.40M | -$95.00M |
| Net Business Purchase and Sale | -$10.00M | -$282.80M | -$14.30M | -$1.18B | -$989.10M |
| Net Investment Purchase and Sale | $104.20M | $53.30M | -$248.40M | -$89.60M | $450.00M |
| Financing Cash Flow | -$39.40M | -$14.90M | $11.90M | -$72.30M | -$28.00M |
| Net Cash Flow from Continuing Financing Activities | -$39.40M | -$14.90M | $11.90M | -$72.30M | -$28.00M |
| Net Issuance Payments Of Debt | -$11.90M | $0.00 | $23.90M | -$20.90M | -$5.20M |
| Cash Dividends Paid | -$24.00M | -$23.90M | -$23.90M | -$66.60M | -$24.00M |
| Proceeds from Stock Option Exercised | $800,000.00 | $20.60M | $23.50M | $26.40M | $4.40M |
| Net Other Financing Charges | -$4.30M | -$11.60M | -$11.60M | -$11.20M | -$3.20M |
| Ending Cash Balance | $3.58B | $2.88B | $2.19B | $1.79B | $1.79B |
| Net Change in Cash | $707.00M | $680.90M | $402.00M | $540.70M | $342.80M |
| Beginning Cash Balance | $2.88B | $2.19B | $1.79B | $1.23B | $1.44B |
| Effect of Exchange Rate Changes | $600,000.00 | $3.50M | -$600,000.00 | $16.90M | $2.80M |
| Free Cash Flow | $652.20M | $925.30M | $652.80M | $1.89B | $909.90M |
| Net PPE Purchase and Sale | – | – | – | $0.00 | – |
| Net Common Stock Issuance | – | – | – | $0.00 | $0.00 |
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