Vertiv Holdings Co
VRT- Exchange
- NYSE
- Industry
- Electronic Components, NEC
- SEC CIK
- 0001674101
In the last 90 days, Vertiv Holdings Co insiders filed 0 open-market purchases and 1 sale; 2,070 institutions reported holding it in 13F filings for Q2 2026, worth $105.0B in total; superinvestors Coatue Management and Fundsmith hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 29, 2026, 1:14 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Revenue | $10.2B | $8.01B | $6.86B | $5.69B | $5.00B |
| Cost of revenue | $6.51B | $5.08B | $4.46B | $4.08B | $3.48B |
| Research and development | $441.7M | $352.1M | $303.5M | $282.0M | $266.4M |
| Selling, general and administrative | $1.62B | $1.37B | $1.31B | $1.18B | $1.11B |
| Operating income | $1.83B | $1.37B | $872.2M | $223.4M | $259.9M |
| Interest expense | $86.1M | $150.4M | $180.1M | $147.3M | $90.6M |
| Income tax | $409.1M | $269.6M | $73.5M | $90.4M | $46.6M |
| Net income | $1.33B | $495.8M | $460.2M | $76.6M | $119.6M |
| EPS, basic | $3.49 | $1.32 | $1.21 | $0.20 | $0.34 |
| EPS, diluted | $3.41 | $1.28 | $1.19 | $-0.04 | $0.33 |
| Weighted shares, basic | 381.7M | 376.4M | 380.1M | 376.7M | 355.5M |
| Weighted shares, diluted | 390.7M | 386.3M | 386.2M | 378.2M | 360.1M |
| Margins and growth | |||||
| Operating margin | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% |
| Net margin | 13.0% | 6.2% | 6.7% | 1.3% | 2.4% |
| Revenue growth, year over year | +27.7% | +16.7% | +20.6% | +13.9% | +14.4% |
| Net income growth, year over year | +168.8% | +7.7% | +500.8% | −36.0% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Cash and equivalents | $1.73B | $1.23B | $780.4M | $260.6M | $439.1M |
| Accounts receivable | $3.11B | $2.36B | $2.19B | $1.89B | $1.54B |
| Inventory | $1.46B | $1.24B | $884.3M | $822.0M | $616.3M |
| Total current assets | $6.82B | $5.10B | $4.00B | $3.16B | $2.70B |
| Property, plant and equipment | $921.8M | $625.1M | $560.1M | $489.4M | $489.3M |
| Goodwill | $2.03B | $1.32B | $1.33B | $1.28B | $1.33B |
| Intangible assets | $1.89B | $1.49B | $1.67B | $1.82B | $2.14B |
| Total assets | $12.2B | $9.13B | $8.00B | $7.10B | $6.94B |
| Accounts payable | $1.76B | $1.32B | $986.4M | $984.0M | $858.5M |
| Short-term debt | $20.9M | $21.0M | $21.8M | $21.8M | $21.8M |
| Total current liabilities | $4.41B | $3.10B | $2.31B | $1.90B | $1.85B |
| Long-term debt | $2.89B | $2.91B | $2.92B | $3.17B | $2.95B |
| Total liabilities | $8.27B | $6.70B | $5.98B | $5.65B | $5.52B |
| Shareholders' equity | $3.94B | $2.43B | $2.01B | $1.44B | $1.42B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 21, 2024 | Feb 22, 2023 | Feb 23, 2022 |
| Operating cash flow | $2.11B | $1.32B | $900.5M | -$152.8M | $210.9M |
| Capital expenditures | $220.0M | $167.0M | $127.9M | $100.0M | $73.4M |
| Free cash flow | $1.89B | $1.15B | $772.6M | -$252.8M | $137.5M |
| Depreciation and amortization | $308.6M | $277.0M | $271.0M | $302.4M | $227.0M |
| Stock-based compensation | $45.9M | $34.6M | $25.0M | $24.7M | $23.2M |
| Dividends paid | $66.6M | $42.2M | $9.50M | $3.80M | $3.80M |
| Share buybacks | $0 | $599.9M | – | – | – |
| Investing cash flow | -$1.50B | -$201.7M | -$139.1M | -$112.1M | -$1.22B |
| Financing cash flow | -$72.3M | -$652.1M | -$247.5M | $100.2M | $914.9M |
| Net change in cash | $557.6M | $443.6M | $515.4M | -$173.9M | -$95.5M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 26, 2026 | 385.1M | +0.7% | SEC |
| Jul 27, 2026 | 385.0M | +0.8% | SEC |
| Apr 20, 2026 | 384.1M | +0.8% | SEC |
| Feb 9, 2026 | 382.6M | +0.5% | SEC |
| Oct 20, 2025 | 382.3M | +1.9% | SEC |
| Jul 28, 2025 | 381.9M | +1.8% | SEC |
| Apr 21, 2025 | 381.1M | +1.8% | SEC |
| Feb 10, 2025 | 380.8M | −0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.