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Stocks / United States / VRT · Electronic Components, Nec · NYSE

Vertiv Holdings Co. (VRT)

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Vertiv Holdings Co. (VRT) reported revenue of $3.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 24.1% on the same quarter a year earlier. Net income was $498 million, up 53.5% on the year, and diluted earnings per share $1.27. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$3.3 billionup 24.1%
Net income$498 millionup 53.5%
Diluted EPS$1.27
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE36.4%
ROCE28.3%
Operating margin18.9%
Net margin15.1%
FCF margin25.5%
Interest cover41.42
Debt to equity0.62
Cash conversion1.94
Share count, 1 year0.8%
Sales CAGR, 3 years21.6%
Profit CAGR, 3 years159.1%
EPS, TTM$4.42

At the close of 21 September 2026

Price$250.86
Market cap$96.6 billion
Stock P/E56.76
Price to book20.30
EV / EBITDA37.74
Dividend yieldn/a
Market cap / sales8.41
52-week high$376.23
52-week low$138.62
Price, 1 year74.7%
Price CAGR, 3 years90.2%
Price CAGR, 5 years59.9%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Vertiv Holdings Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VRT

Filings28 in twelve months: 18 current reports (8-K), about 14 regulation fd disclosure; 4 other events; 4 results of operations; 3 material agreement; 1 shareholder vote
Planned insider sales17 Form 144 notices in twelve months, $543.2 million; latest 1 September 2026
Options tapeput/call 1.51 by open interest on 23 September 2026; the straddle prices a 4.4% move to 25 September 2026
Holders12 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading72 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest13.8 million shares short, 3.14 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,7431,8651,6391,9532,0742,3462,0362,6382,6762,8802,6503,274
Cost of revenue1,1151,1821,0731,2121,3171,4761,3501,7421,6651,7591,6502,039
Gross profit6286835667417568706868971,0111,1211,0001,235
Gross margin36%37%35%38%36%37%34%34%38%39%38%38%
SG&A327349314364335362346396414462457494
Operating income251285203336372457291442517580440638
Operating margin14%15%12%17%18%19%14%17%19%20%17%19%
Interest expense43.542.939.044.835.930.725.321.322.816.7-4.417.4
Pre-tax income146187-13.0265268245265421492563438620
Tax rate35%-24%n/a33%34%40%38%23%19%21%11%20%
Net income94.1233-5.9178177147164324398446390498
Net margin5%12%-0%9%9%6%8%12%15%15%15%15%
Diluted EPS$0.24$0.61-$0.02$0.46$0.46$0.38$0.42$0.83$1.02$1.14$0.99$1.27
Operating cash flow2493561383783784253033235099797671,100
Capital expenditure26.547.835.834.136.460.736.545.045.293.3113173
Free cash flow222308102344342364267278464886654926
Buybacks0.00.06000.00.00.00.00.00.00.0n/an/a
Dividends paid0.09.59.39.49.414.114.214.214.224.023.923.9
Shares outstanding381m382m374m375m375m381m381m382m382m383m384m385m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 9 fiscal years and the trailing twelve months

FY2017 FY2018 FY2019 FY2020 FY2021FY2022FY2023 FY2024 FY2025TTM
Revenue0.00.00.04,3714,9985,6926,8638,01210,23011,480
Cost of revenuen/a2,8652,9782,8973,4754,0754,4635,0786,5157,113
Gross profitn/a-2,865-2,9781,4741,5231,6162,4002,9343,7154,367
Gross marginn/an/an/a33.7%30.5%28.4%35.0%36.6%36.3%38.0%
Research and developmentn/a198229229266282304368442n/a
Selling, general and administrativen/a1,2241,1011,0081,1091,1781,3121,3741,6181,827
Operating incomen/an/a2062142602238721,3671,8302,175
Operating marginn/an/an/a4.9%5.2%3.9%12.7%17.1%17.9%18.9%
Interest expensen/a28931015090.614718015086.152.5
Pre-tax income-0.0-271-104-2551661675347651,7422,114
Income tax0.049.936.572.746.690.473.5270409382
Effective tax raten/an/an/an/a28.0%54.1%13.8%35.2%23.5%18.1%
Net income-0.0-314-141-32712076.64604961,3331,732
Net marginn/an/an/a-7.5%2.4%1.3%6.7%6.2%13.0%15.1%
Diluted EPSn/a-$2.65-$1.19-$0.60$0.33-$0.04$1.19$1.28$3.41$4.42
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2017 FY2018 FY2019 FY2020 FY2021FY2022FY2023 FY2024 FY2025TTM
Operating cash flown/a-22257.5209211-1539001,3192,1143,354
Capital expendituren/a64.647.644.473.4100128167220424
Free cash flown/a-2869.9164138-2537731,1521,8942,930
Free cash flow marginn/an/an/a3.8%2.8%-4.4%11.3%14.4%18.5%25.5%
Depreciation and amortisationn/a217203203227302271277309387
Share-based compensationn/a0.00.013.023.224.725.034.645.952.2
Buybacksn/an/an/an/an/a0.00.06000.0n/a
Dividends paidn/a0.00.03.33.83.89.542.266.686.0
Diluted shares, weightedn/a118m118m307m360m378m386m386m391m393m
Shares outstanding at period endn/an/a118m342m376m377m382m381m383m385m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017 FY2018 FY2019 FY2020 FY2021FY2022FY2023 FY2024 FY2025TTM
Total assets0.06974,6575,0746,9407,0967,9989,13212,21215,901
Cash and equivalents3982152245354392617801,2281,7282,811
Receivablesn/an/a1,2121,3541,5361,8892,1182,3633,1093,750
Inventoryn/an/a4014476168228841,2441,4562,523
Goodwilln/a6346066071,3301,2851,3301,3212,0342,283
Long-term debtn/an/a3,4672,1522,9723,1912,9412,9282,9132,940
Borrowings, as the company tags themn/an/an/an/a3,0123,2252,9682,947954n/a
Operating lease liabilitiesn/an/a78.2107114130141167245n/a
Shareholders' equity-130-540-7055121,4181,4422,0152,4343,9414,758
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a18.5%21.6%26.2%
Profit growth, compoundedn/an/a159.1%113.2%
Return on equity, averagen/a18.2%25.7%33.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202622 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202522 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202523 April 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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