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Vertiv Holdings VRT

$245.56
−$3.22 (-1.29%)
Market open · Sep 24, 1:10 pm ET
After hours $249.02 +0.10%
Open$240.41
Prev close$248.78
Day range$239.00 – $246.22
Volume2.27M
Market cap$94.54B
P/E (TTM)55.6
Dividend yield0.09%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$3.27B+24.1% YoY
Operating profit$637.90M+42.8% YoY
Net profit$497.80M+53.5% YoY
Diluted EPS$1.27+53.0% YoY
Free cash flow$925.30M+234.0% YoY
Operating cash flow$1.10B

Revenue, last 8 quarters

$2.1BSep '24$2.3BDec '24$2.0BMar '25$2.6BJun '25$2.7BSep '25$2.9BDec '25$2.6BMar '26$3.3BJun '26

Net profit, last 8 quarters

$176.6MSep '24$147.0MDec '24$164.5MMar '25$324.2MJun '25$398.5MSep '25$445.6MDec '25$390.1MMar '26$497.8MJun '26

Diluted EPS by quarter

0.46Sep '240.38Dec '240.42Mar '250.83Jun '251.02Sep '251.14Dec '250.99Mar '261.27Jun '26

Free cash flow by quarter

$335.9MSep '24$361.8MDec '24$264.5MMar '25$277.0MJun '25$462.0MSep '25$883.9MDec '25$652.8MMar '26$925.3MJun '26

Annual revenue

$4.4BFY20$5.0BFY21$5.7BFY22$6.9BFY23$8.0BFY24$10.2BFY25

Profitability & balance sheet

Gross margin38.0%
Operating margin19.4%
Net margin15.1%
Return on equity43.9%
Return on assets13.2%
Return on invested capital24.7%
Current ratio1.38
Liabilities / assets70.1%
Cash & investments$3.11B
Total debt$3.26B
Net cash (debt)-$145.60M
Free cash flow / sales25.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Products$2.61B 79.6%
  • Services & spares$667.90M 20.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $3.27B $2.65B $10.23B $2.88B $2.68B
Total Operating Revenue $3.27B $2.65B $10.23B $2.88B $2.68B
Cost of Revenue $2.04B $1.65B $6.51B $1.76B $1.67B
Gross Profit $1.23B $999.70M $3.72B $1.12B $1.01B
Operating Expense $597.00M $566.10M $1.82B $514.50M $462.40M
Selling and Admin Expenses $494.40M $456.70M $1.62B $461.60M $414.30M
Depreciation & Amortization & Depletion $73.70M $77.60M $200.40M $59.30M $48.20M
-Depreciation & Amortization $73.70M $77.60M $200.40M $59.30M $48.20M
Other Operating Expenses $28.90M $31.80M $800,000.00 -$6.40M -$100,000.00
Operating Profit $637.90M $433.60M $1.90B $606.90M $548.30M
Net Non-Operating Interest Income (Expense) -$17.40M $4.40M -$86.10M -$16.70M -$22.80M
Non-Operating Interest Expense $17.40M $86.10M $16.70M $22.80M
Other Income (Expense) -$500,000.00 $300,000.00 -$68.20M -$27.00M -$33.30M
Gain on Sale of Security -$3.90M $1.60M -$12.00M -$6.20M -$900,000.00
Special Income (Charges) $3.90M -$1.30M -$56.20M -$20.80M -$32.40M
-Less:Restructuring and Mergern & Acquisition -$3.90M -$4.90M $54.50M $20.80M $30.70M
Other Non-Operating Income (Expenses) -$500,000.00
Pretax Profit $620.00M $438.30M $1.74B $563.20M $492.20M
Tax $122.20M $48.20M $409.10M $117.60M $93.70M
Net Profit $497.80M $390.10M $1.33B $445.60M $398.50M
Profit from Continuing Operations $497.80M $390.10M $1.33B $445.60M $398.50M
Net Income to Parent Company $497.80M $390.10M $1.33B $445.60M $398.50M
Net Income to Common Stockholders $497.80M $390.10M $1.33B $445.60M $398.50M
Basic EPS $1.29 $1.02 $3.49 $1.16 $1.04
Diluted EPS $1.27 $0.99 $3.41 $1.14 $1.02
Dividend Per Share $0.06 $0.06 $0.18 $0.06 $0.04
Non-Operating Interest Income $4.40M
-Less:Other Special Charges $6.20M $1.70M $0.00 $1.70M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $15.90B $13.40B $12.21B $12.21B $10.82B
Total Current Assets $9.98B $7.98B $6.82B $6.82B $6.55B
Cash and Cash Equivalents & Short-Term Investments $3.11B $2.50B $1.83B $1.83B $1.94B
-Cash and Cash Equivalents $2.81B $2.15B $1.73B $1.73B $1.40B
-Short Term Investments $300.00M $349.90M $99.50M $99.50M $544.60M
Receivables $3.75B $3.15B $3.11B $3.11B $2.81B
-Accounts Receivable $3.75B $3.15B $3.11B $3.11B $2.81B
Inventory $2.52B $1.83B $1.46B $1.46B $1.44B
Other Current Assets $601.30M $500.80M $426.10M $426.10M $360.80M
Total Non-Current Assets $5.92B $5.42B $5.39B $5.39B $4.27B
Net PPE $1.57B $1.33B $1.22B $1.22B $981.70M
-Gross PPE $2.16B $1.88B $1.75B $1.75B $1.51B
-Accumulated Depreciation -$583.80M -$547.90M -$526.30M -$526.30M -$530.50M
Goodwill and Other Intangible Assets $4.08B $3.83B $3.93B $3.93B $2.95B
-Goodwill $2.28B $2.02B $2.03B $2.03B $1.44B
-Other Intangible Assets $1.80B $1.81B $1.89B $1.89B $1.51B
Non-Current Deferred Assets $170.10M $177.80M $179.60M $179.60M $258.50M
Other Non-Current Assets $90.40M $79.70M $60.00M $60.00M $74.90M
Total Liabilities $11.14B $9.16B $8.27B $8.27B $7.31B
Total Current Liabilities $7.24B $5.34B $4.41B $4.41B $3.58B
Payables $2.55B $2.03B $1.80B $1.80B $1.74B
-Accounts Payable $2.47B $1.95B $1.76B $1.76B $1.72B
-Total Tax Payable $74.80M $73.50M $43.40M $43.40M $23.70M
Current Accrued Expenses $257.10M $606.60M $701.90M $701.90M $617.40M
Short-Term Debt and Capital Lease Obligation $82.00M $72.30M $90.60M $90.60M $84.90M
-Current Capital Lease Obligation $82.00M $72.30M $69.70M $69.70M $64.00M
Current Deferred Liabilities $3.63B $2.46B $1.81B $1.81B $1.13B
Other Current Liabilities $722.30M $177.30M
Total Non-Current Liabilities $3.90B $3.81B $3.86B $3.86B $3.73B
Long Term Debt and Capital Lease Obligation $3.26B $3.19B $3.14B $3.14B $3.13B
-Long Term Debt $2.94B $2.92B $2.89B $2.89B $2.90B
-Long Term Capital Lease Obligation $316.40M $270.40M $245.20M $245.20M $231.40M
Non-Current Deferred Liabilities $234.10M $221.20M $232.80M $232.80M $285.10M
Other Non-Current Liabilities $410.00M $398.20M $494.00M $494.00M $316.70M
Total Equity $4.76B $4.24B $3.94B $3.94B $3.51B
Stockholders' Equity $4.76B $4.24B $3.94B $3.94B $3.51B
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 $2.95B $2.93B $2.90B $2.90B $2.88B
Retained Earnings $1.87B $1.39B $1.03B $1.03B $606.30M
Gains/Losses Not Affecting Retained Earnings -$65.20M -$76.20M $18.20M $18.20M $19.20M
-Current Debt $20.90M $20.90M $20.90M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.10B $766.80M $2.11B $978.90M $508.70M
Net cash flow from continuing operations $1.10B $766.80M $2.11B $978.90M $508.70M
Net Income from Continuing Operations $497.80M $390.10M $1.33B $445.60M $398.50M
Depreciation & Depletion & Amortization $115.80M $107.70M $308.60M $88.30M $75.40M
Deferred Tax $2.10M -$28.20M $22.60M -$69.60M $69.10M
Other Non-Cash Items $19.30M $52.40M $64.60M $27.40M -$3.00M
Change in Working Capital $451.00M $227.80M $339.30M $480.00M -$45.50M
-Change in Receivables -$586.50M -$57.70M -$547.50M -$207.70M $41.00M
-Change in Inventory -$663.80M -$384.20M -$164.70M -$21.60M -$5.60M
-Change in Payables and Accrued Expense $600.10M $107.40M $474.30M $67.00M $181.10M
-Change in Other Current Assets -$56.80M -$88.50M -$72.90M -$32.20M -$16.80M
-Change In Other Working Capital $1.16B $650.80M $650.10M $674.50M -$245.20M
Net cash flow from investing -$404.00M -$376.70M -$1.50B -$608.10M -$709.90M
Net Cash Flow from Continuing Investing Activities -$404.00M -$376.70M -$1.50B -$608.10M -$709.90M
Capital Expenditure -$174.50M -$114.00M -$226.40M -$95.00M -$46.70M
Net Business Purchase and Sale -$282.80M -$14.30M -$1.18B -$963.10M -$221.70M
Net Investment Purchase and Sale $53.30M -$248.40M -$89.60M $450.00M -$441.50M
Financing Cash Flow -$14.90M $11.90M -$72.30M -$28.00M -$11.40M
Net Cash Flow from Continuing Financing Activities -$14.90M $11.90M -$72.30M -$28.00M -$11.40M
Net Issuance Payments Of Debt $0.00 $23.90M -$20.90M -$5.20M -$5.20M
Cash Dividends Paid -$23.90M -$23.90M -$66.60M -$24.00M -$14.20M
Proceeds from Stock Option Exercised $20.60M $23.50M $26.40M $4.40M $9.00M
Net Other Financing Charges -$11.60M -$11.60M -$11.20M -$3.20M -$1.00M
Ending Cash Balance $2.88B $2.19B $1.79B $1.79B $1.44B
Net Change in Cash $680.90M $402.00M $540.70M $342.80M -$212.60M
Beginning Cash Balance $2.19B $1.79B $1.23B $1.44B $1.66B
Effect of Exchange Rate Changes $3.50M -$600,000.00 $16.90M $2.80M $800,000.00
Free Cash Flow $925.30M $652.80M $1.89B $883.90M $462.00M
Net PPE Purchase and Sale $0.00
Net Common Stock Issuance $0.00 $0.00 $0.00
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