Vertiv (VRT) Financials

$139.90 +0.51 (+0.37%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$140.29 +0.39 (+0.28%)

As of 08/8/2025 08:00 PM Eastern

Annual Income Statements for Vertiv

This table shows Vertiv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.00	-314	-141	-327	120	77	460	496
Consolidated Net Income / (Loss)	-0.00	-314	-141	-327	120	77	460	496
Net Income / (Loss) Continuing Operations	-0.00	-321	-141	-327	120	77	460	496
Total Pre-Tax Income	-0.00	-271	-104	-255	166	167	534	765
Total Operating Income	-0.00	18	206	214	260	223	872	1,367
Total Gross Profit	0.00	1,420	1,453	1,474	1,523	1,616	2,401	2,934
Total Revenue	0.00	4,286	4,431	4,371	4,998	5,692	6,863	8,012
Operating Revenue	0.00	4,286	4,431	4,371	4,998	5,692	6,863	8,012
Total Cost of Revenue	0.00	2,865	2,978	2,897	3,475	4,075	4,463	5,078
Operating Cost of Revenue	-	2,865	2,978	2,897	3,475	4,075	4,463	5,078
Total Operating Expenses	0.00	1,403	1,247	1,260	1,263	1,393	1,528	1,567
Selling, General & Admin Expense	0.00	1,403	1,101	1,008	1,109	1,178	1,312	1,374
Amortization Expense	-	-	129	129	144	216	181	184
Other Operating Expenses / (Income)	-	-	-3.80	28	-0.60	-2.10	6.10	3.30
Restructuring Charge	-	-	21	74	1.40	0.70	29	5.30
Total Other Income / (Expense), net	0.00	-289	-310	-468	-94	-56	-339	-602
Interest Expense	-	289	310	324	91	147	181	153
Other Income / (Expense), net	-	0.00	0.00	-144	-2.70	91	-158	-449
Income Tax Expense	0.00	50	37	73	47	90	74	270
Basic Earnings per Share	$0.00	($2.65)	($1.19)	($1.07)	$0.34	$0.20	$1.21	$1.32
Weighted Average Basic Shares Outstanding	0.00	118.26M	118.26M	307.08M	355.54M	376.73M	380.14M	376.42M
Diluted Earnings per Share	$0.00	($2.65)	($1.19)	($1.07)	$0.33	($0.04)	$1.19	$1.28
Weighted Average Diluted Shares Outstanding	0.00	118.26M	118.26M	307.08M	360.14M	378.22M	386.23M	386.33M
Weighted Average Basic & Diluted Shares Outstanding	17.25M	118.26M	-	-	-	-	-	380.78M

This table shows Vertiv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-	50	83	94	233	-5.90	178	177	147	165	324
Consolidated Net Income / (Loss)	-	50	83	94	233	-5.90	178	177	147	165	324
Net Income / (Loss) Continuing Operations	-	50	83	94	233	-5.90	178	177	147	165	324
Total Pre-Tax Income	-	88	113	146	187	-13	265	269	245	265	421
Total Operating Income	-	130	206	251	285	203	336	372	457	291	442
Total Gross Profit	-	496	594	628	683	566	741	756	870	687	897
Total Revenue	-	1,521	1,734	1,743	1,865	1,639	1,953	2,074	2,346	2,036	2,638
Operating Revenue	-	1,521	1,734	1,743	1,865	1,639	1,953	2,074	2,346	2,036	2,638
Total Cost of Revenue	-	1,026	1,140	1,115	1,182	1,073	1,212	1,317	1,476	1,350	1,742
Operating Cost of Revenue	-	1,026	1,140	1,115	1,182	1,073	1,212	1,317	1,476	1,350	1,742
Total Operating Expenses	-	365	388	377	398	364	405	385	413	396	452
Selling, General & Admin Expense	-	309	328	327	349	314	364	335	362	346	396
Amortization Expense	-	45	45	46	45	46	46	45	47	46	47
Other Operating Expenses / (Income)	-	-1.80	6.10	2.70	-0.90	3.50	-1.90	-1.40	3.10	2.40	7.50
Restructuring Charge	-	13	9.10	1.30	5.10	0.30	-2.50	6.30	1.20	1.10	1.90
Total Other Income / (Expense), net	-	-43	-93	-105	-98	-216	-71	-103	-212	-25	-24
Interest Expense	-	47	47	44	43	39	46	36	32	25	21
Other Income / (Expense), net	-	4.20	-46	-62	-55	-177	-25	-67	-180	0.00	-2.30
Income Tax Expense	-	37	30	52	-45	-7.10	87	92	98	101	97
Basic Earnings per Share	-	$0.13	$0.22	$0.25	$0.61	($0.02)	$0.48	$0.47	$0.39	$0.43	$0.85
Weighted Average Basic Shares Outstanding	376.73M	378.13M	379.94M	380.90M	380.14M	379.14M	374.73M	375.20M	376.42M	380.85M	381.48M
Diluted Earnings per Share	-	$0.12	$0.22	$0.24	$0.61	($0.02)	$0.46	$0.46	$0.38	$0.42	$0.83
Weighted Average Diluted Shares Outstanding	378.22M	381.68M	382.35M	388.24M	386.23M	379.14M	384.49M	384.32M	386.33M	390.11M	389.85M
Weighted Average Basic & Diluted Shares Outstanding	0.00	-	-	-	0.00	374.34M	375.15M	375.34M	380.78M	381.11M	381.87M

This table details how cash moves in and out of Vertiv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.00	-173	8.40	309	-96	-174	515	444
Net Cash From Operating Activities	-0.03	-222	58	209	211	-153	901	1,319
Net Cash From Continuing Operating Activities	-0.03	-222	58	209	211	-153	901	1,319
Net Income / (Loss) Continuing Operations	-0.30	-314	-141	-327	120	77	460	496
Consolidated Net Income / (Loss)	-0.30	-314	-141	-327	120	77	460	496
Depreciation Expense	-	60	57	60	69	72	74	82
Amortization Expense	-	182	174	153	164	238	205	202
Non-Cash Adjustments To Reconcile Net Income	-0.03	-6.90	0.00	373	42	-79	183	484
Changes in Operating Assets and Liabilities, net	0.30	-144	-33	-50	-184	-461	-22	56
Net Cash From Investing Activities	0.00	-208	-65	-46	-1,217	-112	-139	-202
Net Cash From Continuing Investing Activities	0.00	-208	-65	-46	-1,217	-112	-139	-202
Purchase of Property, Plant & Equipment	-	-106	-70	-53	-85	-111	-135	-184
Acquisitions	-	-124	0.00	0.00	-1,164	-5.00	-29	-18
Sale of Property, Plant & Equipment	-	18	5.00	7.00	9.80	3.90	12	0.00
Divestitures	-	4.40	0.00	0.00	22	0.00	12	0.00
Net Cash From Financing Activities	0.03	245	15	141	915	100	-248	-652
Net Cash From Continuing Financing Activities	0.03	245	15	141	915	100	-248	-652
Repayment of Debt	-0.30	-320	-99	-3,964	-36	-573	-487	-291
Repurchase of Common Equity	0.00	-	-	-	-	0.00	0.00	-600
Payment of Dividends	-	0.00	0.00	-3.30	-3.80	-3.80	-9.50	-42
Issuance of Debt	0.30	565	114	2,535	850	791	225	270
Other Financing Activities, net	0.00	0.00	0.00	-260	104	-114	24	11
Effect of Exchange Rate Changes	-	12	1.40	5.00	-4.50	-9.20	1.50	-22
Cash Interest Paid	-	260	272	167	75	133	177	156
Cash Income Taxes Paid	0.00	58	49	65	97	105	153	273

This table details how cash moves in and out of Vertiv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-	7.60	-	225	284	-508	307	330	315	244	180
Net Cash From Operating Activities	-	42	-	249	356	138	378	378	425	303	323
Net Cash From Continuing Operating Activities	-	42	-	249	356	138	378	378	425	303	323
Net Income / (Loss) Continuing Operations	-	50	-	94	233	-5.90	178	177	147	165	324
Consolidated Net Income / (Loss)	-	50	-	94	233	-5.90	178	177	147	165	324
Depreciation Expense	-	18	-	19	20	20	20	21	21	23	24
Amortization Expense	-	52	-	51	51	51	50	50	52	51	52
Non-Cash Adjustments To Reconcile Net Income	-	1.30	-	68	61	186	34	75	189	11	13
Changes in Operating Assets and Liabilities, net	-	-79	-	17	-7.60	-113	96	56	17	54	-90
Net Cash From Investing Activities	-	-17	-	-27	-68	-37	-45	-39	-81	-39	-144
Net Cash From Continuing Investing Activities	-	-17	-	-27	-68	-37	-45	-39	-81	-39	-144
Purchase of Property, Plant & Equipment	-	-30	-	-27	-51	-37	-45	-39	-63	-39	-46
Net Cash From Financing Activities	-	-19	-	7.20	-11	-603	-21	-17	-12	-25	-8.00
Net Cash From Continuing Financing Activities	-	-19	-	7.20	-11	-603	-21	-17	-12	-25	-8.00
Repayment of Debt	-	-121	-	-70	-5.60	-195	-85	-5.30	-5.20	-5.30	-5.20
Payment of Dividends	-	0.00	-	-	-9.50	-9.30	-9.40	-9.40	-14	-14	-14
Other Financing Activities, net	-	2.10	-	13	4.00	11	-5.80	-2.10	7.60	-5.40	11
Effect of Exchange Rate Changes	-	1.80	-	-3.70	6.20	-6.00	-5.70	7.50	-18	4.30	9.00

This table presents Vertiv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	0.03	697	4,657	5,074	6,940	7,096	7,999	9,133
Total Current Assets	0.03	1.18	2,017	2,519	2,699	3,159	4,002	5,102
Cash & Equivalents	0.00	0.84	224	535	439	261	780	1,228
Short-Term Investments	-	-	-	-	-	-	-	0.00
Accounts Receivable	0.03	-	1,212	1,354	1,536	1,889	2,118	2,363
Inventories, net	-	-	401	447	616	822	884	1,244
Other Current Assets	-	0.00	181	183	107	187	219	267
Plant, Property, & Equipment, net	0.00	0.00	428	428	489	489	560	625
Total Noncurrent Assets	0.00	696	2,212	2,127	3,752	3,448	3,437	3,406
Goodwill	-	-	606	607	1,330	1,285	1,330	1,321
Intangible Assets	-	-	1,442	1,303	2,138	1,816	1,673	1,487
Noncurrent Deferred & Refundable Income Taxes	-	-	9.00	21	48	46	160	303
Other Noncurrent Operating Assets	0.00	696	155	197	236	300	274	294
Total Liabilities & Shareholders' Equity	0.03	697	4,657	5,074	6,940	7,096	7,999	9,133
Total Liabilities	0.00	25	5,362	4,562	5,522	5,654	5,984	6,698
Total Current Liabilities	0.00	1.28	1,520	1,742	1,855	1,898	2,305	3,097
Short-Term Debt	-	-	0.00	22	22	22	22	21
Accounts Payable	0.00	1.18	637	731	859	984	986	1,316
Accrued Expenses	0.00	-	868	902	953	514	612	613
Current Deferred Revenue	-	0.00	-	-	-	359	639	1,063
Current Deferred & Payable Income Tax Liabilities	0.00	0.09	15	19	21	20	47	84
Total Noncurrent Liabilities	0.00	24	3,843	2,820	3,667	3,756	3,678	3,601
Long-Term Debt	-	-	3,467	2,131	2,951	3,169	2,919	2,907
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	125	117	199	177	160	240
Other Noncurrent Operating Liabilities	0.00	24	251	573	518	410	600	454
Total Equity & Noncontrolling Interests	0.02	5.00	-705	512	1,418	1,442	2,015	2,434
Total Preferred & Common Equity	0.02	5.00	-705	512	1,418	1,442	2,015	2,434
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.02	5.00	-705	512	1,418	1,442	2,015	2,434
Common Stock	0.33	0.27	278	1,792	2,598	2,631	2,711	2,821
Retained Earnings	-0.30	4.73	-1,001	-1,331	-1,215	-1,143	-692	-238
Accumulated Other Comprehensive Income / (Loss)	-	-	18	52	36	-46	-4.50	-149

This table presents Vertiv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	6,827	7,255	7,257	7,414	7,591	8,108	8,891	9,451	10,406
Total Current Assets	2,974	3,341	3,378	3,621	3,632	4,191	4,805	5,462	6,302
Cash & Equivalents	258	276	275	500	276	580	909	1,467	1,641
Short-Term Investments	-	-	-	-	-	-	-	-	98
Accounts Receivable	1,744	1,992	2,023	2,021	2,097	2,219	2,329	2,311	2,831
Inventories, net	804	904	920	922	987	1,104	1,255	1,384	1,413
Other Current Assets	168	169	161	179	272	289	312	300	319
Plant, Property, & Equipment, net	466	496	503	509	565	571	593	637	666
Total Noncurrent Assets	3,387	3,418	3,375	3,285	3,394	3,346	3,494	3,352	3,438
Goodwill	1,247	1,295	1,299	1,284	1,323	1,322	1,349	1,340	1,374
Intangible Assets	1,802	1,787	1,747	1,674	1,616	1,578	1,573	1,463	1,454
Noncurrent Deferred & Refundable Income Taxes	43	53	48	47	159	161	297	269	292
Other Noncurrent Operating Assets	295	283	281	280	296	285	275	280	318
Total Liabilities & Shareholders' Equity	6,827	7,255	7,257	7,414	7,591	8,108	8,891	9,451	10,406
Total Liabilities	5,560	5,705	5,599	5,700	6,198	6,571	7,078	6,785	7,281
Total Current Liabilities	1,838	1,972	2,056	2,102	2,710	3,080	3,489	3,184	3,615
Short-Term Debt	22	22	22	22	21	21	21	21	21
Accounts Payable	883	917	942	932	984	1,098	1,240	1,407	1,605
Accrued Expenses	900	496	538	555	542	601	624	534	579
Current Deferred Revenue	-	503	520	543	735	889	1,016	1,095	1,257
Current Deferred & Payable Income Tax Liabilities	33	34	33	49	57	74	124	127	153
Total Noncurrent Liabilities	3,722	3,733	3,543	3,599	3,488	3,491	3,589	3,601	3,666
Long-Term Debt	3,224	3,156	2,927	2,923	2,916	2,914	2,910	2,904	2,901
Noncurrent Deferred & Payable Income Tax Liabilities	152	189	185	178	155	159	240	238	253
Other Noncurrent Operating Liabilities	346	389	431	498	417	418	439	458	513
Total Equity & Noncontrolling Interests	1,267	1,551	1,658	1,714	1,393	1,538	1,814	2,666	3,125
Total Preferred & Common Equity	1,267	1,551	1,658	1,714	1,393	1,538	1,814	2,666	3,125
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,267	1,551	1,658	1,714	1,393	1,538	1,814	2,666	3,125
Common Stock	2,622	2,662	2,677	2,698	2,745	2,141	2,152	2,830	2,858
Retained Earnings	-1,165	-1,092	-1,009	-915	-707	-538	-371	-88	222
Accumulated Other Comprehensive Income / (Loss)	-189	-19	-9.80	-69	-39	-65	33	-75	45

This table displays calculated financial ratios and metrics derived from Vertiv's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.59%	16.74%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	218.23%	42.09%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	709.07%	85.64%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,267.91%	271.09%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	500.78%	23.21%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6,150.00%	7.56%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,378.67%	93.02%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	128.71%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.00%	-50.49%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.16%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	332.01%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	241.01%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-44.17%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-45.70%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.04%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	227.69%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.80%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	0.00%	33.14%	32.79%	33.72%	30.47%	56.79%	69.95%	109.87%
EBITDA Margin	0.00%	6.07%	9.86%	6.48%	9.81%	10.97%	14.47%	30.01%
Operating Margin	0.00%	0.42%	4.65%	4.88%	5.20%	7.85%	25.42%	34.13%
EBIT Margin	0.00%	0.42%	4.65%	1.60%	5.15%	5.52%	20.82%	11.46%
Profit (Net Income) Margin	0.00%	-7.33%	-3.18%	-7.49%	2.39%	1.35%	13.41%	12.38%
Tax Burden Percent	100.00%	115.87%	135.00%	128.55%	71.96%	45.87%	172.46%	129.55%
Interest Burden Percent	100.00%	-1,522.47%	-50.61%	-364.76%	64.62%	106.27%	149.43%	250.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	28.04%	54.13%	13.77%	105.67%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	2.34%	17.60%	28.38%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	1.46%	6.13%	1.24%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	2.97%	9.03%	5.02%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.31%	26.63%	15.86%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-75.50%	29.67%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	8.86%	9.46%	32.16%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	2.16%	6.10%	11.58%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.31%	26.63%	15.86%
Return on Equity Simple (ROE_SIMPLE)	-5.38%	0.00%	19.98%	-63.91%	8.44%	5.31%	22.84%	20.37%
Net Operating Profit after Tax (NOPAT)	-0.00	12	144	149	187	102	752	1,772
NOPAT Margin	0.00%	0.29%	3.26%	3.42%	3.74%	1.80%	10.96%	11.06%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	11.47%	25.90%
Return On Investment Capital (ROIC_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	2.21%	15.18%	33.04%
Cost of Revenue to Revenue	0.00%	66.86%	67.21%	66.28%	69.53%	71.61%	65.02%	126.75%
SG&A Expenses to Revenue	0.00%	32.73%	24.84%	23.07%	22.19%	41.41%	38.24%	34.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	32.73%	28.14%	28.83%	25.27%	48.94%	22.27%	39.11%
Earnings before Interest and Taxes (EBIT)	-0.00	18	206	70	257	314	1,429	1,836
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.00	260	437	283	491	624	1,986	2,404
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	3.57	9.08	52.55
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.20	0.21	1.40	1.76	0.90	2.67	15.97
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	73.43	67.17	39.76	258.02
Dividend Yield	0.00%	0.00%	0.00%	0.05%	0.04%	0.07%	0.05%	0.20%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.36%	1.49%	2.51%	3.49%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	1.85	4.90	32.17
Enterprise Value to Revenue (EV/Rev)	0.00	0.20	0.21	1.40	1.76	1.42	2.98	11.07
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.24	2.17	21.57	17.90	12.94	20.60	36.88
Enterprise Value to EBIT (EV/EBIT)	0.00	47.32	4.60	87.59	34.15	25.69	57.28	144.88
Enterprise Value to NOPAT (EV/NOPAT)	0.00	67.60	6.57	40.91	46.96	78.81	54.41	100.12
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	16.49	29.27	41.64	0.00	22.72	100.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	47.87
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	2.21	2.92	1.20
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	4.40	1.45	3.58
Financial Leverage	0.00	0.00	0.00	0.00	0.00	2.03	1.47	4.06
Leverage Ratio	0.00	0.00	0.00	0.00	0.00	4.92	8.73	11.55
Compound Leverage Factor	0.00	0.00	0.00	0.00	0.00	5.23	6.53	9.63
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	137.75%	59.34%	54.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.94%	0.44%	0.78%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	136.81%	58.90%	54.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	62.25%	40.66%	90.79%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	10.22	2.96	7.31
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	4.69	2.18	4.24
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	10.15	2.94	7.25
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	62.28	3.91	6.61
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	28.60	5.75	5.76
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	30.93	7.76	6.56
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	2.96	6.24	15.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.00	0.00	1.66	1.74	4.94
Quick Ratio	0.00	0.00	0.00	0.00	0.00	2.27	1.26	2.32
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	-6,453	1,853
Operating Cash Flow to CapEx	0.00%	-252.73%	88.06%	457.11%	281.95%	-285.34%	736.91%	716.62%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-17.87	36.37
Operating Cash Flow to Interest Expense	0.00	-0.77	0.19	0.64	2.32	-2.07	9.97	25.90
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1.07	-0.03	0.50	1.50	-3.53	8.62	22.29
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	1.60	1.82	1.87
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	3.43	3.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	5.23	9.54
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	26.16	27.04
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	9.06	4.41
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	106.55	306.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	139.56	229.53
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	80.58	248.30
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	191.50	287.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	0.00	0.00	4,372	8,351	8,270
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	1.30	1.61	1.28
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	0.00	0.00	12,329	-162
Enterprise Value (EV)	600	842	948	6,114	8,782	8,075	20,459	88,685
Market Capitalization	600	842	948	6,114	8,782	5,145	18,299	42,642
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.82	$10.56	$6.49
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($4.40)	($5.18)	($1.00)
Total Capital	0.00	0.00	0.00	0.00	0.00	4,633	4,956	5,363
Total Debt	0.00	0.00	0.00	0.00	0.00	3,191	2,941	2,928
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	3,169	5,838	5,814
Net Debt	0.00	0.00	0.00	0.00	0.00	2,930	4,321	3,401
Capital Expenditures (CapEx)	0.00	88	65	46	75	107	122	368
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	0.00	0.00	1,022	1,875	798
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	0.00	0.00	1,283	3,436	4,052
Net Working Capital (NWC)	0.00	0.00	0.00	0.00	0.00	1,261	1,696	4,010
Net Nonoperating Expense (NNE)	0.00	326	285	477	67	26	584	780
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	0.00	0.00	2,930	4,321	3,401
Total Depreciation and Amortization (D&A)	0.00	243	231	214	233	310	558	568
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	17.96%	27.32%	19.93%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	45.07%	50.06%	75.86%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	22.15%	49.43%	75.07%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.21	$1.32
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	380.14M	376.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.19	$1.28
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	386.23M	386.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	381.97M	380.78M
Normalized Net Operating Profit after Tax (NOPAT)	-0.00	12	159	216	194	157	777	889
Normalized NOPAT Margin	0.00%	0.29%	3.58%	4.95%	3.89%	2.76%	11.32%	22.20%
Pre Tax Income Margin	0.00%	-6.32%	-2.35%	-5.83%	3.33%	2.93%	15.55%	28.66%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.06	0.66	0.22	2.83	2.13	7.91	12.02
NOPAT to Interest Expense	0.00	0.04	0.46	0.46	2.06	1.39	8.33	17.39
EBIT Less CapEx to Interest Expense	0.00	-0.24	0.45	0.07	2.00	2.81	6.56	14.41
NOPAT Less CapEx to Interest Expense	0.00	-0.26	0.25	0.32	1.23	-0.06	3.49	13.78
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-1.01%	3.18%	9.92%	2.06%	8.51%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-1.01%	3.18%	4.96%	2.06%	388.52%

This table displays calculated financial ratios and metrics derived from Vertiv's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	15.52%	25.22%	18.99%	25.79%	24.21%	35.09%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-10.01%	85.67%	44.62%	32.20%	88.27%	-32.35%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-271.00%	188.74%	-39.20%	40.31%	1,018.08%	-29.15%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	279.54%	396.26%	50.93%	-22.61%	-36.48%	-24.67%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-223.46%	228.13%	175.35%	-73.60%	2,888.14%	82.03%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-350.00%	218.18%	183.33%	-75.41%	2,200.00%	80.43%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	0.00%	682.14%	0.00%	156.21%	19.37%	120.58%	-15.36%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-42.90%	126.61%	152.07%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	-4.50%	0.00%	0.00%	0.00%	-1.94%	-49.15%	-44.67%
Revenue Q/Q Growth	0.00%	0.00%	28.01%	0.49%	14.09%	-24.26%	57.42%	18.54%	26.32%	-13.23%	29.57%
EBITDA Q/Q Growth	0.00%	0.00%	101.37%	26.27%	-83.75%	-71.45%	880.79%	-1.65%	-53.34%	4.23%	41.43%
EBIT Q/Q Growth	0.00%	0.00%	37.62%	36.92%	-39.07%	-266.19%	4,578.46%	-102.00%	-17.87%	4.87%	51.39%
NOPAT Q/Q Growth	0.00%	0.00%	102.94%	13.54%	237.44%	-19.92%	59.41%	-137.83%	36.44%	-34.26%	89.03%
Net Income Q/Q Growth	0.00%	0.00%	130.82%	26.20%	294.37%	-205.07%	9,355.93%	-2.53%	-16.76%	11.90%	97.08%
EPS Q/Q Growth	0.00%	0.00%	83.33%	18.18%	308.33%	-309.84%	7,200.00%	0.00%	-17.39%	10.53%	97.62%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	43.22%	-122.80%	525.60%	-0.11%	24.85%	-28.67%	6.46%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-5,881.65%	106.30%	102.05%	117.52%	562.08%	-8.35%
Invested Capital Q/Q Growth	0.00%	-200.00%	0.00%	0.00%	0.00%	282.68%	-12.00%	-101.46%	15.60%	-0.26%	4.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	65.15%	68.51%	72.03%	73.27%	69.11%	113.87%	72.96%	74.17%	33.72%	33.99%
EBITDA Margin	0.00%	26.80%	23.67%	29.74%	16.15%	17.72%	58.53%	54.21%	29.81%	17.90%	19.54%
Operating Margin	0.00%	17.13%	11.87%	28.80%	30.58%	24.72%	17.21%	35.84%	58.46%	14.28%	16.77%
EBIT Margin	0.00%	17.68%	9.22%	21.73%	12.37%	3.17%	47.72%	44.04%	11.81%	14.28%	16.68%
Profit (Net Income) Margin	0.00%	6.61%	9.60%	5.40%	24.94%	-0.72%	18.24%	17.03%	6.26%	8.08%	12.29%
Tax Burden Percent	0.00%	114.71%	147.39%	129.08%	248.37%	90.77%	201.85%	65.77%	119.90%	61.98%	76.99%
Interest Burden Percent	0.00%	130.41%	141.30%	77.02%	162.38%	-150.00%	255.67%	264.62%	176.91%	91.30%	95.68%
Effective Tax Rate	0.00%	42.65%	26.31%	70.92%	-48.37%	0.00%	98.15%	102.68%	80.10%	38.02%	23.01%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	91.47%	89.38%	85.65%	46.28%	67.57%	12.17%	19.42%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	51.43%	18.69%	116.25%	79.15%	31.88%	11.70%	18.49%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	75.74%	107.11%	178.08%	132.37%	13.83%	19.55%	14.03%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	136.72%	65.50%	204.37%	90.41%	72.71%	31.71%	33.45%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-657.58%	-626.14%	-705.79%	-697.56%	89.17%	14.05%	74.99%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	33.74%	5.84%	56.49%	24.87%	22.10%	14.09%	16.39%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	11.34%	-1.32%	48.59%	43.28%	5.86%	7.97%	12.07%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	136.72%	65.50%	306.56%	90.41%	36.36%	31.71%	33.45%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	28.99%	64.90%	32.06%	0.00%	24.99%	0.00%
Net Operating Profit after Tax (NOPAT)	0.00	75	152	162	354	284	452	244	274	180	341
NOPAT Margin	0.00%	4.91%	17.49%	9.29%	37.97%	8.65%	34.73%	11.79%	11.68%	8.85%	12.91%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	14.33%	22.20%	8.15%	6.71%	19.75%	0.46%	0.93%
Return On Investment Capital (ROIC_SIMPLE)	0.00%	0.00%	0.00%	0.00%	7.15%	6.55%	5.05%	10.30%	5.11%	3.22%	5.63%
Cost of Revenue to Revenue	0.00%	134.85%	65.75%	127.97%	63.36%	196.33%	124.09%	127.04%	188.74%	66.28%	66.01%
SG&A Expenses to Revenue	0.00%	20.29%	37.78%	37.55%	37.40%	57.47%	37.26%	32.27%	30.82%	17.01%	15.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	24.01%	44.77%	43.23%	42.69%	66.59%	62.25%	18.56%	17.60%	19.44%	17.13%
Earnings before Interest and Taxes (EBIT)	0.00	269	320	379	231	26	621	304	277	291	440
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.00	204	410	518	301	194	762	749	350	365	516
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.57	0.00	0.00	0.00	9.08	44.68	21.07	41.15	17.52	10.31	15.66
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	164.66
Price to Revenue (P/Rev)	0.90	0.00	0.00	0.00	2.67	13.38	4.50	9.91	5.32	3.27	5.38
Price to Earnings (P/E)	67.17	0.00	0.00	0.00	39.76	77.04	129.84	64.18	86.01	41.27	60.25
Dividend Yield	0.07%	0.07%	0.08%	0.05%	0.05%	0.06%	0.17%	0.10%	0.10%	0.17%	0.11%
Earnings Yield	1.49%	0.00%	0.00%	0.00%	2.51%	2.60%	4.62%	1.56%	1.16%	2.42%	1.66%
Enterprise Value to Invested Capital (EV/IC)	1.85	0.00	0.00	0.00	4.90	25.00	8.93	20.51	10.72	7.02	11.63
Enterprise Value to Revenue (EV/Rev)	1.42	0.00	0.00	0.00	2.98	9.68	4.83	5.22	5.53	3.44	5.51
Enterprise Value to EBITDA (EV/EBITDA)	12.94	0.00	0.00	0.00	10.30	85.77	16.73	17.05	18.44	19.70	31.24
Enterprise Value to EBIT (EV/EBIT)	25.69	0.00	0.00	0.00	14.32	167.32	91.84	90.25	24.15	24.47	38.19
Enterprise Value to NOPAT (EV/NOPAT)	78.81	0.00	0.00	0.00	27.20	38.34	113.68	80.08	50.06	31.16	47.41
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	45.44	0.00	93.00	62.92	67.22	19.49	35.14
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.94	33.68	11.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.21	0.00	0.00	0.00	4.38	6.32	5.73	3.23	2.41	1.10	0.93
Long-Term Debt to Equity	2.20	0.00	0.00	0.00	4.35	6.28	1.90	4.81	3.58	1.09	0.93
Financial Leverage	2.03	0.00	0.00	0.00	2.95	3.82	3.06	1.11	0.87	1.67	0.76
Leverage Ratio	4.92	0.00	0.00	0.00	8.73	10.90	10.55	9.80	7.70	4.20	3.97
Compound Leverage Factor	0.00	0.00	0.00	0.00	3.55	-8.17	13.48	4.32	6.81	3.83	3.80
Debt to Total Capital	68.88%	0.00%	0.00%	0.00%	59.34%	135.65%	65.62%	61.77%	163.82%	52.31%	48.31%
Short-Term Debt to Total Capital	0.47%	0.00%	0.00%	0.00%	1.32%	1.47%	0.95%	0.89%	0.78%	0.38%	0.35%
Long-Term Debt to Total Capital	68.41%	0.00%	0.00%	0.00%	58.90%	134.67%	65.15%	61.33%	54.21%	51.94%	47.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	31.12%	0.00%	0.00%	0.00%	121.97%	96.52%	68.76%	76.45%	45.39%	47.69%	51.69%
Debt to EBITDA	5.11	0.00	0.00	0.00	2.96	7.46	2.83	3.81	2.44	1.99	1.82
Net Debt to EBITDA	4.69	0.00	0.00	0.00	1.09	6.76	3.40	0.88	1.41	0.99	0.74
Long-Term Debt to EBITDA	5.08	0.00	0.00	0.00	4.41	11.10	1.40	2.52	2.42	1.98	1.81
Debt to NOPAT	31.14	0.00	0.00	0.00	11.73	3.33	9.60	2.98	3.31	3.15	2.76
Net Debt to NOPAT	28.60	0.00	0.00	0.00	8.62	6.04	5.14	4.12	1.92	1.57	1.12
Long-Term Debt to NOPAT	30.93	0.00	0.00	0.00	3.88	3.31	6.36	5.92	4.92	3.13	2.74
Altman Z-Score	1.34	0.00	0.00	0.00	2.92	11.88	8.09	4.24	5.02	3.70	5.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.66	0.00	0.00	0.00	3.47	4.02	4.08	1.38	4.94	1.72	1.74
Quick Ratio	1.13	0.00	0.00	0.00	3.77	2.63	2.73	1.86	1.16	1.19	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	551	-15,652	-7,333	-3,591	629	4,166	3,818
Operating Cash Flow to CapEx	0.00%	482.76%	0.00%	907.66%	697.06%	753.42%	2,522.67%	1,929.59%	1,341.33%	781.70%	703.49%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	25.39	-401.34	-479.30	-200.08	9.83	164.66	179.25
Operating Cash Flow to Interest Expense	0.00	1.79	0.00	11.43	24.62	7.05	16.49	31.60	26.58	11.99	15.16
Operating Cash Flow Less CapEx to Interest Expense	0.00	1.05	0.00	5.09	21.09	7.77	21.79	9.44	33.92	10.45	13.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.60	0.00	0.00	0.00	1.82	3.68	3.55	5.08	2.81	0.99	0.98
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	6.85	0.00	0.00	0.00	10.73	3.82	3.60
Inventory Turnover	0.00	0.00	0.00	0.00	10.46	0.00	0.00	0.00	14.31	4.52	4.68
Fixed Asset Turnover	0.00	0.00	0.00	0.00	26.16	0.00	0.00	0.00	27.04	13.98	14.70
Accounts Payable Turnover	0.00	0.00	0.00	0.00	9.06	0.00	0.00	0.00	8.82	4.48	4.35
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	213.10	0.00	0.00	0.00	204.14	95.66	101.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	139.56	0.00	0.00	0.00	229.53	80.80	78.06
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	161.16	0.00	0.00	0.00	82.77	81.49	83.84
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	191.50	0.00	0.00	0.00	191.62	94.97	95.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,372	0.00	0.00	0.00	4,175	8,110	7,785	3,836	4,135	4,124	4,308
Invested Capital Turnover	1.30	0.00	0.00	0.00	1.61	6.89	11.10	3.93	1.93	1.37	1.50
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	-197	16,220	7,785	7,672	-41	-3,986	-3,478
Enterprise Value (EV)	8,075	5,395	18,779	14,131	20,459	67,574	34,743	39,335	44,343	28,950	50,120
Market Capitalization	5,145	5,395	9,390	14,131	18,299	31,126	32,388	37,312	42,642	27,492	48,938
Book Value per Share	$3.82	$0.00	$0.00	$0.00	$5.28	$7.35	$4.11	$9.67	$6.49	$7.00	$8.20
Tangible Book Value per Share	($4.40)	$0.00	$0.00	$0.00	($2.59)	($8.15)	($7.28)	($2.95)	($1.99)	($0.36)	$0.78
Total Capital	4,633	0.00	0.00	0.00	4,956	8,661	8,945	9,489	10,725	5,592	6,047
Total Debt	3,191	0.00	0.00	0.00	2,941	2,937	2,935	2,931	5,856	2,925	2,922
Total Long-Term Debt	3,169	0.00	0.00	0.00	2,919	2,916	5,827	2,910	5,814	2,904	2,901
Net Debt	2,930	0.00	0.00	0.00	4,321	5,323	4,710	4,044	3,401	1,458	1,183
Capital Expenditures (CapEx)	0.00	35	0.00	55	51	73	90	39	63	39	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,022	0.00	0.00	0.00	1,875	1,335	1,106	856	1,596	831	970
Debt-free Net Working Capital (DFNWC)	1,283	0.00	0.00	0.00	1,718	1,886	2,266	2,673	4,052	2,299	2,709
Net Working Capital (NWC)	1,261	0.00	0.00	0.00	3,392	1,844	2,223	2,631	2,005	2,278	2,688
Net Nonoperating Expense (NNE)	0.00	49	137	68	122	148	96	68	127	16	16
Net Nonoperating Obligations (NNO)	2,930	0.00	0.00	0.00	2,161	5,323	2,355	4,044	1,701	1,458	1,183
Total Depreciation and Amortization (D&A)	0.00	139	91	140	141	142	141	141	145	74	75
Debt-free, Cash-free Net Working Capital to Revenue	17.96%	0.00%	0.00%	0.00%	27.32%	28.68%	15.36%	11.36%	19.93%	9.89%	10.66%
Debt-free Net Working Capital to Revenue	22.54%	0.00%	0.00%	0.00%	75.09%	27.02%	47.20%	35.50%	50.57%	27.34%	29.78%
Net Working Capital to Revenue	22.15%	0.00%	0.00%	0.00%	74.14%	13.21%	46.32%	34.93%	50.05%	27.09%	29.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.61	($0.02)	$0.48	$0.47	$0.39	$0.43	$0.85
Adjusted Weighted Average Basic Shares Outstanding	376.73M	0.00	0.00	0.00	380.14M	379.14M	374.73M	375.20M	376.42M	380.85M	381.48M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.61	($0.02)	$0.46	$0.46	$0.38	$0.42	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	378.22M	0.00	0.00	0.00	386.23M	379.14M	384.49M	384.32M	386.33M	390.11M	389.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	374.34M	375.15M	375.34M	380.78M	381.11M	381.87M
Normalized Net Operating Profit after Tax (NOPAT)	0.00	82	158	163	203	284	224	249	275	181	342
Normalized NOPAT Margin	0.00%	10.81%	9.13%	18.68%	21.79%	17.33%	34.47%	23.97%	23.42%	8.88%	12.97%
Pre Tax Income Margin	0.00%	11.53%	13.02%	16.73%	20.08%	-2.38%	13.55%	12.95%	20.90%	13.04%	15.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	5.75	3.41	8.70	10.63	2.00	20.30	16.96	8.66	11.49	20.66
NOPAT to Interest Expense	0.00	3.19	3.23	7.45	24.48	10.91	14.78	6.81	17.13	7.12	15.99
EBIT Less CapEx to Interest Expense	0.00	5.00	3.41	3.72	12.41	-0.81	5.79	22.16	13.36	9.96	18.51
NOPAT Less CapEx to Interest Expense	0.00	2.45	6.47	6.19	20.95	8.10	11.84	11.43	13.17	5.59	13.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.96%	0.00%	0.00%	0.00%	4.13%	0.00%	16.96%	12.93%	25.53%	7.07%	6.39%
Augmented Payout Ratio	4.96%	0.00%	0.00%	0.00%	6.19%	0.00%	251.79%	219.30%	388.52%	7.07%	6.39%

Key Financial Trends

Vertiv Holdings Co (NYSE: VRT) has demonstrated solid financial performance over the last several quarters, with consistent revenue growth, improving profitability, and positive cash flows reflecting operational strength.

Key Positive Trends:

Operating Revenue has shown a steady increase from $1.52 billion in Q1 2023 to $2.64 billion in Q2 2025, reflecting robust top-line growth.
Net Income has improved significantly, turning from a loss of $5.9 million in Q1 2024 to a strong profit of $324.2 million in Q2 2025.
Gross Profit has increased from $495.5 million in Q1 2023 to $896.6 million in Q2 2025, indicating improved cost management and operational efficiency.
Cash & Equivalents have grown from $276 million in Q1 2023 to $1.64 billion in Q2 2025, providing a strong liquidity position.
Net Cash From Operating Activities showed consistent positive cash inflows, reaching $322.9 million in Q2 2025 from $42 million in Q1 2023, demonstrating strong cash generation capacity.
Vertiv has maintained investment in Property, Plant & Equipment, sustaining capital expenditures while growing cash flow from operations, suggesting balanced growth and expansion.
Diluted Earnings Per Share (EPS) rose from a negative $0.02 in Q1 2024 to $0.83 in Q2 2025, indicating improved profitability per share, benefiting shareholders.
Total Equity increased from approximately $1.39 billion in Q1 2023 to $3.13 billion in Q2 2025, signaling strengthening of the company’s net asset position.

Neutral Trends:

Interest Expense fluctuated but remains a manageable part of expenses relative to operating income, with interest costs around $21 million in Q2 2025 compared to higher figures in previous periods.
Restructuring Charges are relatively small in recent periods, indicating limited ongoing restructuring impact.

Negative Trends and Risks:

Changes in operating assets and liabilities show volatile cash impacts, with a significant $90 million net decrease in operating capital in Q2 2025, potentially signaling working capital management challenges.
Debt levels remain high with long-term debt above $2.9 billion consistently, which may pose leverage and interest burden risks.
Payment of Dividends and Repayment of Debt are consistent cash outflows, reducing free cash available for other purposes, such as reinvestment or debt reduction acceleration.
Amortization Expense remains substantial (around $51-52 million per quarter), which could pressure future earnings.
While other operating expenses have been generally controlled, occasional sizable charges such as restructuring and other nonrecurring items have contributed to expense volatility.

Summary: Vertiv has displayed encouraging growth in revenue, profitability, and cash position over the last two years through Q2 2025. The company’s operational cash flow generation has strengthened significantly alongside expanding equity, which bodes well for financial stability and shareholder value. However, high leverage and capital allocation towards debt repayment and dividends warrant attention, alongside managing working capital more effectively to reduce cash flow volatility. Investors should monitor the company's debt management and continued margin improvement while benefiting from its top-line growth momentum and increasing earnings per share.

08/09/25 06:20 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Vertiv's Financials

When does Vertiv's financial year end?

According to the most recent income statement we have on file, Vertiv's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Vertiv's net income changed over the last 7 years?

Vertiv's net income appears to be on an upward trend, with a most recent value of $495.80 million in 2024, falling from -$1.28 thousand in 2017. The previous period was $460.20 million in 2023. See where experts think Vertiv is headed by visiting Vertiv's forecast page.

What is Vertiv's operating income?

Vertiv's total operating income in 2024 was $1.37 billion, based on the following breakdown:

Total Gross Profit: $2.93 billion
Total Operating Expenses: $1.57 billion

How has Vertiv's revenue changed over the last 7 years?

Over the last 7 years, Vertiv's total revenue changed from $0.00 in 2017 to $8.01 billion in 2024, a change of 801,180,000,000.0%.

How much debt does Vertiv have?

Vertiv's total liabilities were at $6.70 billion at the end of 2024, a 11.9% increase from 2023, and a 524,937,204.1% increase since 2017.

How much cash does Vertiv have?

In the past 7 years, Vertiv's cash and equivalents has ranged from $0.00 in 2017 to $1.23 billion in 2024, and is currently $1.23 billion as of their latest financial filing in 2024.

How has Vertiv's book value per share changed over the last 7 years?

Over the last 7 years, Vertiv's book value per share changed from 0.00 in 2017 to 6.49 in 2024, a change of 648.6%.

Related Companies

This page (NYSE:VRT) was last updated on 8/9/2025 by MarketBeat.com Staff

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Vertiv (VRT) Financials

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Vertiv (VRT) Financials

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