Vertiv (VRT) Financials

$340.92 +9.96 (+3.01%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$353.00 +12.07 (+3.54%)

As of 08:58 AM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.00	-314	-141	-327	120	77	460	496	1,333
Consolidated Net Income / (Loss)	-0.00	-314	-141	-327	120	77	460	496	1,333
Net Income / (Loss) Continuing Operations	-0.00	-321	-141	-327	120	77	460	496	1,333
Total Pre-Tax Income	-0.00	-271	-104	-255	166	167	534	765	1,742
Total Operating Income	-0.00	18	206	214	260	223	872	1,367	1,830
Total Gross Profit	0.00	1,420	1,453	1,474	1,523	1,616	2,401	2,934	3,715
Total Revenue	0.00	4,286	4,431	4,371	4,998	5,692	6,863	8,012	10,230
Operating Revenue	0.00	4,286	4,431	4,371	4,998	5,692	6,863	8,012	10,230
Total Cost of Revenue	0.00	2,865	2,978	2,897	3,475	4,075	4,463	5,078	6,515
Operating Cost of Revenue	-	2,865	2,978	2,897	3,475	4,075	4,463	5,078	6,515
Total Operating Expenses	0.00	1,403	1,247	1,260	1,263	1,393	1,528	1,567	1,886
Selling, General & Admin Expense	0.00	1,403	1,101	1,008	1,109	1,178	1,312	1,374	1,618
Amortization Expense	-	-	129	129	144	216	181	184	200
Other Operating Expenses / (Income)	-	-	-3.80	28	-0.60	-2.10	6.10	3.30	13
Restructuring Charge	-	-	21	74	1.40	0.70	29	5.30	55
Total Other Income / (Expense), net	0.00	-289	-310	-468	-94	-56	-339	-602	-88
Interest Expense	-	289	310	324	91	147	181	153	88
Other Income / (Expense), net	-	0.00	0.00	-144	-2.70	91	-158	-449	0.00
Income Tax Expense	0.00	50	37	73	47	90	74	270	409
Basic Earnings per Share	$0.00	($2.65)	($1.19)	($1.07)	$0.34	$0.20	$1.21	$1.32	$3.49
Weighted Average Basic Shares Outstanding	0.00	118.26M	118.26M	307.08M	355.54M	376.73M	380.14M	376.42M	381.71M
Diluted Earnings per Share	$0.00	($2.65)	($1.19)	($1.07)	$0.33	($0.04)	$1.19	$1.28	$3.41
Weighted Average Diluted Shares Outstanding	0.00	118.26M	118.26M	307.08M	360.14M	378.22M	386.23M	386.33M	390.65M
Weighted Average Basic & Diluted Shares Outstanding	17.25M	118.26M	-	-	-	-	381.97M	380.78M	382.60M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	94	233	-5.90	178	177	147	165	324	399	446	390
Consolidated Net Income / (Loss)	94	233	-5.90	178	177	147	165	324	399	446	390
Net Income / (Loss) Continuing Operations	94	233	-5.90	178	177	147	165	324	399	446	390
Total Pre-Tax Income	146	187	-13	265	269	245	265	421	492	563	438
Total Operating Income	251	285	203	336	372	457	291	442	517	580	440
Total Gross Profit	628	683	566	741	756	870	687	897	1,011	1,121	1,000
Total Revenue	1,743	1,865	1,639	1,953	2,074	2,346	2,036	2,638	2,676	2,880	2,650
Operating Revenue	1,743	1,865	1,639	1,953	2,074	2,346	2,036	2,638	2,676	2,880	2,650
Total Cost of Revenue	1,115	1,182	1,073	1,212	1,317	1,476	1,350	1,742	1,665	1,759	1,650
Operating Cost of Revenue	1,115	1,182	1,073	1,212	1,317	1,476	1,350	1,742	1,665	1,759	1,650
Total Operating Expenses	377	398	364	405	385	413	393	452	494	544	561
Selling, General & Admin Expense	327	349	314	364	335	362	346	396	414	462	457
Amortization Expense	46	45	46	46	45	47	46	47	48	59	78
Other Operating Expenses / (Income)	2.70	-0.90	3.50	-1.90	-1.40	3.10	-0.20	7.50	0.80	2.10	32
Restructuring Charge	1.30	5.10	0.30	-2.50	6.30	1.20	1.10	1.90	31	21	-4.90
Total Other Income / (Expense), net	-105	-98	-216	-71	-103	-212	-28	-24	-25	-14	-0.20
Interest Expense	44	43	39	46	36	32	25	21	25	17	1.80
Other Income / (Expense), net	-62	-55	-177	-25	-67	-180	-2.60	-2.30	0.00	2.30	1.60
Income Tax Expense	52	-45	-7.10	87	92	98	101	97	94	118	48
Basic Earnings per Share	$0.25	$0.61	($0.02)	$0.48	$0.47	$0.39	$0.43	$0.85	$1.04	$1.17	$1.02
Weighted Average Basic Shares Outstanding	380.90M	380.14M	379.14M	374.73M	375.20M	376.42M	380.85M	381.48M	382.03M	381.71M	382.92M
Diluted Earnings per Share	$0.24	$0.61	($0.02)	$0.46	$0.46	$0.38	$0.42	$0.83	$1.02	$1.14	$0.99
Weighted Average Diluted Shares Outstanding	388.24M	386.23M	379.14M	384.49M	384.32M	386.33M	390.11M	389.85M	390.93M	390.65M	392.13M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	374.34M	375.15M	375.34M	380.78M	381.11M	381.87M	382.34M	382.60M	384.11M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	0.00	-173	8.40	309	-96	-174	515	444	558
Net Cash From Operating Activities	-0.03	-222	58	209	211	-153	901	1,319	2,114
Net Cash From Continuing Operating Activities	-0.03	-222	58	209	211	-153	901	1,319	2,114
Net Income / (Loss) Continuing Operations	-0.30	-314	-141	-327	120	77	460	496	1,333
Consolidated Net Income / (Loss)	-0.30	-314	-141	-327	120	77	460	496	1,333
Depreciation Expense	-	60	57	60	69	72	74	82	97
Amortization Expense	-	182	174	153	164	238	205	202	217
Non-Cash Adjustments To Reconcile Net Income	-0.03	-6.90	0.00	373	42	-79	183	484	46
Changes in Operating Assets and Liabilities, net	0.30	-144	-33	-50	-184	-461	-22	56	421
Net Cash From Investing Activities	0.00	-208	-65	-46	-1,217	-112	-139	-202	-1,501
Net Cash From Continuing Investing Activities	0.00	-208	-65	-46	-1,217	-112	-139	-202	-1,501
Purchase of Property, Plant & Equipment	-	-106	-70	-53	-85	-111	-135	-184	-226
Acquisitions	-	-124	0.00	0.00	-1,164	-5.00	-29	-18	-1,185
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-540
Sale of Property, Plant & Equipment	-	18	5.00	7.00	9.80	3.90	12	0.00	0.00
Divestitures	-	4.40	0.00	0.00	22	0.00	12	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	450
Net Cash From Financing Activities	0.03	245	15	141	915	100	-248	-652	-72
Net Cash From Continuing Financing Activities	0.03	245	15	141	915	100	-248	-652	-72
Repayment of Debt	-0.30	-320	-99	-3,964	-36	-573	-487	-291	-21
Repurchase of Common Equity	0.00	-	-	-	-	0.00	0.00	-600	0.00
Payment of Dividends	-	0.00	0.00	-3.30	-3.80	-3.80	-9.50	-42	-67
Issuance of Debt	0.30	565	114	2,535	850	791	225	270	0.00
Other Financing Activities, net	0.00	0.00	0.00	-260	104	-114	24	11	15
Effect of Exchange Rate Changes	-	12	1.40	5.00	-4.50	-9.20	1.50	-22	17
Cash Interest Paid	-	260	272	167	75	133	177	156	127

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	225	284	-508	307	330	315	244	180	-212	346	401
Net Cash From Operating Activities	249	356	138	378	378	425	303	323	509	979	767
Net Cash From Continuing Operating Activities	249	356	138	378	378	425	303	323	509	979	767
Net Income / (Loss) Continuing Operations	94	233	-5.90	178	177	147	165	324	399	446	390
Consolidated Net Income / (Loss)	94	233	-5.90	178	177	147	165	324	399	446	390
Depreciation Expense	19	20	20	20	21	21	23	24	25	26	28
Amortization Expense	51	51	51	50	50	52	51	52	52	63	82
Non-Cash Adjustments To Reconcile Net Income	68	61	186	34	75	189	11	13	14	7.20	17
Changes in Operating Assets and Liabilities, net	17	-7.60	-113	96	56	17	54	-90	20	437	250
Net Cash From Investing Activities	-27	-68	-37	-45	-39	-81	-39	-144	-710	-608	-377
Net Cash From Continuing Investing Activities	-27	-68	-37	-45	-39	-81	-39	-144	-710	-608	-377
Purchase of Property, Plant & Equipment	-27	-51	-37	-45	-39	-63	-39	-46	-47	-95	-114
Acquisitions	-	-	-	-	-	-	0.00	-	-	-963	-0.40
Purchase of Investments	-	-	-	-	-	-	0.00	-	-442	-	-362
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	100
Net Cash From Financing Activities	7.20	-11	-603	-21	-17	-12	-25	-8.00	-11	-28	12
Net Cash From Continuing Financing Activities	7.20	-11	-603	-21	-17	-12	-25	-8.00	-11	-28	12
Repayment of Debt	-70	-5.60	-195	-85	-5.30	-5.20	-5.30	-5.20	-5.20	-5.20	-2,076
Payment of Dividends	-	-9.50	-9.30	-9.40	-9.40	-14	-14	-14	-14	-24	-24
Issuance of Debt	65	0.30	190	80	-	-	0.00	-	-	-	2,100
Other Financing Activities, net	13	4.00	11	-5.80	-2.10	7.60	-5.40	11	8.00	1.20	12
Effect of Exchange Rate Changes	-3.70	6.20	-6.00	-5.70	7.50	-18	4.30	9.00	0.80	2.80	-0.60

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	2025
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	12/31/2025
Total Assets	0.03	697	4,657	5,074	6,940	7,096	7,999	9,133	12,212
Total Current Assets	0.03	1.18	2,017	2,519	2,699	3,159	4,002	5,102	6,820
Cash & Equivalents	0.00	0.84	224	535	439	261	780	1,228	1,728
Short-Term Investments	-	-	-	-	-	-	-	0.00	100
Accounts Receivable	0.03	-	1,212	1,354	1,536	1,889	2,118	2,363	3,109
Inventories, net	-	-	401	447	616	822	884	1,244	1,457
Other Current Assets	-	0.00	181	183	107	187	219	267	426
Plant, Property, & Equipment, net	0.00	0.00	428	428	489	489	560	625	922
Total Noncurrent Assets	0.00	696	2,212	2,127	3,752	3,448	3,437	3,406	4,471
Goodwill	-	-	606	607	1,330	1,285	1,330	1,321	2,034
Intangible Assets	-	-	1,442	1,303	2,138	1,816	1,673	1,487	1,895
Noncurrent Deferred & Refundable Income Taxes	-	-	9.00	21	48	46	160	303	180
Other Noncurrent Operating Assets	0.00	696	155	197	236	300	274	294	363
Total Liabilities & Shareholders' Equity	0.03	697	4,657	5,074	6,940	7,096	7,999	9,133	12,212
Total Liabilities	0.00	25	5,362	4,562	5,522	5,654	5,984	6,698	8,271
Total Current Liabilities	0.00	1.28	1,520	1,742	1,855	1,898	2,305	3,097	4,407
Short-Term Debt	-	-	0.00	22	22	22	22	21	21
Accounts Payable	0.00	1.18	637	731	859	984	986	1,316	1,756
Accrued Expenses	0.00	-	868	902	953	514	612	613	772
Current Deferred Revenue	-	0.00	-	-	-	359	639	1,063	1,815
Current Deferred & Payable Income Tax Liabilities	0.00	0.09	15	19	21	20	47	84	43
Total Noncurrent Liabilities	0.00	24	3,843	2,820	3,667	3,756	3,678	3,601	3,864
Long-Term Debt	-	-	3,467	2,131	2,951	3,169	2,919	2,907	2,892
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	125	117	199	177	160	240	233
Other Noncurrent Operating Liabilities	0.00	24	251	573	518	410	600	454	739
Total Equity & Noncontrolling Interests	0.02	5.00	-705	512	1,418	1,442	2,015	2,434	3,941
Total Preferred & Common Equity	0.02	5.00	-705	512	1,418	1,442	2,015	2,434	3,941
Preferred Stock	0.00	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	3,941
Common Stock	0.33	0.27	278	1,792	2,598	2,631	2,711	2,821	2,895
Retained Earnings	-0.30	4.73	-1,001	-1,331	-1,215	-1,143	-692	-238	1,028
Accumulated Other Comprehensive Income / (Loss)	-	-	18	52	36	-46	-4.50	-149	18

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	Q3 2025	Q1 2026
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	9/30/2025	3/31/2026
Total Assets	6,827	7,255	7,257	7,414	7,591	8,108	8,891	9,451	10,406	10,816	13,400
Total Current Assets	2,974	3,341	3,378	3,621	3,632	4,191	4,805	5,462	6,302	6,549	7,985
Cash & Equivalents	258	276	275	500	276	580	909	1,467	1,641	1,396	2,151
Short-Term Investments	-	-	-	-	-	-	-	-	98	545	350
Accounts Receivable	1,744	1,992	2,023	2,021	2,097	2,219	2,329	2,311	2,831	2,811	3,149
Inventories, net	804	904	920	922	987	1,104	1,255	1,384	1,413	1,437	1,835
Other Current Assets	168	169	161	179	272	289	312	300	319	361	501
Plant, Property, & Equipment, net	466	496	503	509	565	571	593	637	666	698	998
Total Noncurrent Assets	3,387	3,418	3,375	3,285	3,394	3,346	3,494	3,352	3,438	3,569	4,418
Goodwill	1,247	1,295	1,299	1,284	1,323	1,322	1,349	1,340	1,374	1,444	2,024
Intangible Assets	1,802	1,787	1,747	1,674	1,616	1,578	1,573	1,463	1,454	1,508	1,806
Noncurrent Deferred & Refundable Income Taxes	43	53	48	47	159	161	297	269	292	259	178
Other Noncurrent Operating Assets	295	283	281	280	296	285	275	280	318	359	411
Total Liabilities & Shareholders' Equity	6,827	7,255	7,257	7,414	7,591	8,108	8,891	9,451	10,406	10,816	13,400
Total Liabilities	5,560	5,705	5,599	5,700	6,198	6,571	7,078	6,785	7,281	7,308	9,155
Total Current Liabilities	1,838	1,972	2,056	2,102	2,710	3,080	3,489	3,184	3,615	3,577	5,343
Short-Term Debt	22	22	22	22	21	21	21	21	21	21	0.00
Accounts Payable	883	917	942	932	984	1,098	1,240	1,407	1,605	1,719	1,952
Accrued Expenses	900	496	538	555	542	601	624	534	579	681	856
Current Deferred Revenue	-	503	520	543	735	889	1,016	1,095	1,257	1,132	2,462
Current Deferred & Payable Income Tax Liabilities	33	34	33	49	57	74	124	127	153	24	74
Total Noncurrent Liabilities	3,722	3,733	3,543	3,599	3,488	3,491	3,589	3,601	3,666	3,731	3,812
Long-Term Debt	3,224	3,156	2,927	2,923	2,916	2,914	2,910	2,904	2,901	2,898	2,922
Noncurrent Deferred & Payable Income Tax Liabilities	152	189	185	178	155	159	240	238	253	285	221
Other Noncurrent Operating Liabilities	346	389	431	498	417	418	439	458	513	548	669
Total Equity & Noncontrolling Interests	1,267	1,551	1,658	1,714	1,393	1,538	1,814	2,666	3,125	3,509	4,245
Total Preferred & Common Equity	1,267	1,551	1,658	1,714	1,393	1,538	1,814	2,666	3,125	3,509	4,245
Preferred Stock	0.00	0.00	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	3,509	4,245
Common Stock	2,622	2,662	2,677	2,698	2,745	2,141	2,152	2,830	2,858	2,883	2,927
Retained Earnings	-1,165	-1,092	-1,009	-915	-707	-538	-371	-88	222	606	1,394
Accumulated Other Comprehensive Income / (Loss)	-189	-19	-9.80	-69	-39	-65	33	-75	45	19	-76

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

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.59%	16.74%	27.69%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	218.23%	42.09%	-10.82%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	709.07%	85.64%	-0.36%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,267.91%	271.09%	-20.97%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	500.78%	23.21%	168.82%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6,150.00%	7.56%	166.41%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,378.67%	93.02%	60.22%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	128.71%	150.65%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.00%	-50.49%	-39.22%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.16%	5.50%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.41%	17.63%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	332.01%	20.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	241.01%	12.92%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-44.17%	28.87%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-45.70%	28.68%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.04%	35.49%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	227.69%	4.94%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.80%	12.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	33.14%	32.79%	33.72%	30.47%	56.79%	69.95%	109.87%	36.32%
EBITDA Margin	0.00%	6.07%	9.86%	6.48%	9.81%	10.97%	14.47%	30.01%	20.96%
Operating Margin	0.00%	0.42%	4.65%	4.88%	5.20%	7.85%	25.42%	34.13%	17.89%
EBIT Margin	0.00%	0.42%	4.65%	1.60%	5.15%	5.52%	20.82%	11.46%	17.89%
Profit (Net Income) Margin	0.00%	-7.33%	-3.18%	-7.49%	2.39%	1.35%	13.41%	12.38%	13.03%
Tax Burden Percent	100.00%	115.87%	135.00%	128.55%	71.96%	45.87%	172.46%	129.55%	76.51%
Interest Burden Percent	100.00%	-1,522.47%	-50.61%	-364.76%	64.62%	106.27%	149.43%	250.08%	95.20%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	28.04%	54.13%	13.77%	105.67%	23.49%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	2.34%	17.60%	28.38%	21.06%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	1.46%	6.13%	1.24%	18.06%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	2.97%	9.03%	5.02%	12.71%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.31%	26.63%	15.86%	33.77%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-75.50%	29.67%	69.85%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	8.86%	9.46%	32.16%	17.14%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	2.16%	6.10%	11.58%	12.49%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.31%	26.63%	15.86%	33.77%
Return on Equity Simple (ROE_SIMPLE)	-5.38%	0.00%	19.98%	-63.91%	8.44%	5.31%	22.84%	20.37%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.00	12	144	149	187	102	752	1,772	1,400
NOPAT Margin	0.00%	0.29%	3.26%	3.42%	3.74%	1.80%	10.96%	11.06%	13.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	11.47%	25.90%	2.99%
Return On Investment Capital (ROIC_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	2.21%	15.18%	33.04%	20.42%
Cost of Revenue to Revenue	0.00%	66.86%	67.21%	66.28%	69.53%	71.61%	65.02%	126.75%	63.68%
SG&A Expenses to Revenue	0.00%	32.73%	24.84%	23.07%	22.19%	41.41%	38.24%	34.30%	15.81%
R&D to Revenue	0.00%	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%	18.43%
Earnings before Interest and Taxes (EBIT)	-0.00	18	206	70	257	314	1,429	1,836	1,830
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.00	260	437	283	491	624	1,986	2,404	2,144
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	3.57	9.08	52.55	15.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4,839.27
Price to Revenue (P/Rev)	0.00	0.20	0.21	1.40	1.76	0.90	2.67	15.97	6.06
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	73.43	67.17	39.76	258.02	46.48
Dividend Yield	0.00%	0.00%	0.00%	0.05%	0.04%	0.07%	0.05%	0.20%	0.13%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.36%	1.49%	2.51%	3.49%	2.15%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	1.85	4.90	32.17	12.54
Enterprise Value to Revenue (EV/Rev)	0.00	0.20	0.21	1.40	1.76	1.42	2.98	11.07	6.16
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.24	2.17	21.57	17.90	12.94	20.60	36.88	29.39
Enterprise Value to EBIT (EV/EBIT)	0.00	47.32	4.60	87.59	34.15	25.69	57.28	144.88	34.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	67.60	6.57	40.91	46.96	78.81	54.41	100.12	45.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	16.49	29.27	41.64	0.00	22.72	100.83	29.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	47.87	13.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	2.21	2.92	1.20	0.74
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	4.40	1.45	3.58	0.73
Financial Leverage	0.00	0.00	0.00	0.00	0.00	2.03	1.47	4.06	0.70
Leverage Ratio	0.00	0.00	0.00	0.00	0.00	4.92	8.73	11.55	3.35
Compound Leverage Factor	0.00	0.00	0.00	0.00	0.00	5.23	6.53	9.63	3.19
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	137.75%	59.34%	54.61%	42.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.94%	0.44%	0.78%	0.30%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	136.81%	58.90%	54.21%	42.19%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	62.25%	40.66%	90.79%	57.50%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	10.22	2.96	7.31	1.36
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	4.69	2.18	4.24	0.51
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	10.15	2.94	7.25	1.35
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	62.28	3.91	6.61	2.08
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	28.60	5.75	5.76	0.78
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	30.93	7.76	6.56	2.07
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	2.96	6.24	15.77	6.18
Noncontrolling Interest Sharing Ratio	0.00%	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	1.55
Quick Ratio	0.00	0.00	0.00	0.00	0.00	2.27	1.26	2.32	1.12
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	4,643
Operating Cash Flow to CapEx	0.00%	-252.73%	88.06%	457.11%	281.95%	-285.34%	736.91%	716.62%	933.66%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-17.87	36.37	52.89
Operating Cash Flow to Interest Expense	0.00	-0.77	0.19	0.64	2.32	-2.07	9.97	25.90	24.08
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1.07	-0.03	0.50	1.50	-3.53	8.62	22.29	21.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	1.60	1.82	1.87	0.96
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	3.43	3.58	3.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	5.23	9.54	4.82
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	26.16	27.04	13.23
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	9.06	4.41	4.24
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	106.55	306.20	97.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	139.56	229.53	75.66
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	80.58	248.30	86.08
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	191.50	287.43	87.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	0.00	0.00	4,372	8,351	8,270	5,026
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	1.30	1.61	1.28	1.54
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	0.00	0.00	12,329	-162	-3,243
Enterprise Value (EV)	600	842	948	6,114	8,782	8,075	20,459	88,685	63,028
Market Capitalization	600	842	948	6,114	8,782	5,145	18,299	42,642	61,943
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.82	$10.56	$6.49	$10.31
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($4.40)	($5.18)	($1.00)	$0.03
Total Capital	0.00	0.00	0.00	0.00	0.00	4,633	4,956	5,363	6,854
Total Debt	0.00	0.00	0.00	0.00	0.00	3,191	2,941	2,928	2,913
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	3,169	5,838	5,814	2,892
Net Debt	0.00	0.00	0.00	0.00	0.00	2,930	4,321	3,401	1,085
Capital Expenditures (CapEx)	0.00	88	65	46	75	107	122	368	226
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	0.00	0.00	1,022	1,875	798	606
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	0.00	0.00	1,283	3,436	4,052	2,433
Net Working Capital (NWC)	0.00	0.00	0.00	0.00	0.00	1,261	1,696	4,010	2,413
Net Nonoperating Expense (NNE)	0.00	326	285	477	67	26	584	780	67
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	0.00	0.00	2,930	4,321	3,401	1,085
Total Depreciation and Amortization (D&A)	0.00	243	231	214	233	310	558	568	315
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%	5.92%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	45.07%	50.06%	75.86%	23.79%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	22.15%	49.43%	75.07%	23.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.21	$1.32	$3.49
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	380.14M	376.42M	381.71M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.19	$1.28	$3.41
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	386.23M	386.33M	390.65M
Adjusted Basic & Diluted Earnings per Share	$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	0.00	381.97M	380.78M	382.60M
Normalized Net Operating Profit after Tax (NOPAT)	-0.00	12	159	216	194	157	777	889	1,442
Normalized NOPAT Margin	0.00%	0.29%	3.58%	4.95%	3.89%	2.76%	11.32%	22.20%	14.09%
Pre Tax Income Margin	0.00%	-6.32%	-2.35%	-5.83%	3.33%	2.93%	15.55%	28.66%	17.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.06	0.66	0.22	2.83	2.13	7.91	12.02	20.84
NOPAT to Interest Expense	0.00	0.04	0.46	0.46	2.06	1.39	8.33	17.39	15.95
EBIT Less CapEx to Interest Expense	0.00	-0.24	0.45	0.07	2.00	2.81	6.56	14.41	18.26
NOPAT Less CapEx to Interest Expense	0.00	-0.26	0.25	0.32	1.23	-0.06	3.49	13.78	13.37
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-1.01%	3.18%	9.92%	2.06%	8.51%	5.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-1.01%	3.18%	4.96%	2.06%	388.52%	5.00%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	382,598,464.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	382,598,464.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	15.52%	25.22%	18.99%	25.79%	24.21%	35.09%	29.05%	22.74%	30.13%
EBITDA Growth	0.00%	0.00%	-10.01%	85.67%	44.62%	32.20%	88.27%	-32.35%	-20.86%	91.91%	52.25%
EBIT Growth	0.00%	0.00%	-271.00%	188.74%	-39.20%	40.31%	1,018.08%	-29.15%	69.74%	110.03%	53.31%
NOPAT Growth	0.00%	0.00%	279.54%	396.26%	50.93%	-22.61%	-36.48%	-24.67%	71.16%	67.39%	117.39%
Net Income Growth	0.00%	0.00%	-223.46%	228.13%	175.35%	-73.60%	2,888.14%	82.03%	125.65%	203.13%	137.14%
EPS Growth	0.00%	0.00%	-350.00%	218.18%	183.33%	-75.41%	2,200.00%	80.43%	121.74%	200.00%	135.71%
Operating Cash Flow Growth	0.00%	0.00%	682.14%	0.00%	156.21%	19.37%	120.58%	-15.36%	35.62%	130.22%	152.82%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-42.90%	126.61%	152.07%	93.53%	-168.77%	-103.62%
Invested Capital Growth	0.00%	-4.50%	0.00%	0.00%	0.00%	-1.94%	-49.15%	-44.67%	16.97%	21.56%	13.15%
Revenue Q/Q Growth	0.49%	14.09%	-24.26%	57.42%	18.54%	26.32%	-13.23%	29.57%	1.43%	7.63%	-8.00%
EBITDA Q/Q Growth	26.27%	-83.75%	-71.45%	880.79%	-1.65%	-53.34%	4.23%	41.43%	15.05%	13.15%	-17.90%
EBIT Q/Q Growth	36.92%	-39.07%	-266.19%	4,578.46%	-102.00%	-17.87%	4.87%	51.39%	17.41%	12.68%	-24.13%
NOPAT Q/Q Growth	13.54%	237.44%	-19.92%	59.41%	-137.83%	36.44%	-34.26%	89.03%	22.82%	9.68%	-14.63%
Net Income Q/Q Growth	26.20%	294.37%	-205.07%	9,355.93%	-2.53%	-16.76%	11.90%	97.08%	22.92%	11.82%	-12.46%
EPS Q/Q Growth	18.18%	308.33%	-309.84%	7,200.00%	0.00%	-17.39%	10.53%	97.62%	22.89%	11.76%	-13.16%
Operating Cash Flow Q/Q Growth	0.00%	43.22%	-122.80%	525.60%	-0.11%	24.85%	-28.67%	6.46%	57.54%	92.43%	-21.67%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-5,881.65%	106.30%	102.05%	117.52%	562.08%	-8.35%	-106.09%	-86.13%	65.17%
Invested Capital Q/Q Growth	0.00%	0.00%	282.68%	-12.00%	-101.46%	15.60%	-0.26%	4.45%	4.15%	12.03%	-7.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.03%	73.27%	69.11%	113.87%	72.96%	74.17%	33.72%	33.99%	37.77%	38.94%	37.73%
EBITDA Margin	29.74%	16.15%	17.72%	58.53%	54.21%	29.81%	17.90%	19.54%	22.17%	23.30%	20.80%
Operating Margin	28.80%	30.58%	24.72%	17.21%	35.84%	58.46%	14.28%	16.77%	19.31%	20.14%	16.61%
EBIT Margin	21.73%	12.37%	3.17%	47.72%	44.04%	11.81%	14.28%	16.68%	19.31%	20.22%	16.67%
Profit (Net Income) Margin	5.40%	24.94%	-0.72%	18.24%	17.03%	6.26%	8.08%	12.29%	14.89%	15.47%	14.72%
Tax Burden Percent	129.08%	248.37%	90.77%	201.85%	65.77%	119.90%	61.98%	76.99%	80.96%	79.12%	89.00%
Interest Burden Percent	77.02%	162.38%	-150.00%	255.67%	264.62%	176.91%	91.30%	95.68%	95.26%	96.74%	99.23%
Effective Tax Rate	70.92%	-48.37%	0.00%	98.15%	102.68%	80.10%	38.02%	23.01%	19.04%	20.88%	11.00%
Return on Invested Capital (ROIC)	0.00%	91.47%	89.38%	85.65%	46.28%	67.57%	12.17%	19.42%	36.43%	35.58%	36.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	51.43%	18.69%	116.25%	79.15%	31.88%	11.70%	18.49%	35.64%	34.63%	36.30%
Return on Net Nonoperating Assets (RNNOA)	0.00%	75.74%	107.11%	178.08%	132.37%	13.83%	19.55%	14.03%	33.63%	15.13%	9.87%
Return on Equity (ROE)	0.00%	136.72%	65.50%	204.37%	90.41%	72.71%	31.71%	33.45%	70.06%	50.71%	46.34%
Cash Return on Invested Capital (CROIC)	0.00%	-657.58%	-626.14%	-705.79%	-697.56%	89.17%	14.05%	74.99%	106.34%	101.37%	24.31%
Operating Return on Assets (OROA)	0.00%	33.74%	5.84%	56.49%	24.87%	22.10%	14.09%	16.39%	19.00%	19.38%	15.82%
Return on Assets (ROA)	0.00%	11.34%	-1.32%	48.59%	43.28%	5.86%	7.97%	12.07%	14.65%	14.83%	13.97%
Return on Common Equity (ROCE)	0.00%	136.72%	65.50%	306.56%	90.41%	36.36%	31.71%	33.45%	70.06%	50.71%	46.34%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	28.99%	64.90%	32.06%	0.00%	24.99%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	162	354	284	452	244	274	180	341	418	459	392
NOPAT Margin	9.29%	37.97%	8.65%	34.73%	11.79%	11.68%	8.85%	12.91%	15.63%	15.93%	14.78%
Net Nonoperating Expense Percent (NNEP)	0.00%	14.33%	22.20%	8.15%	6.71%	19.75%	0.46%	0.93%	0.79%	0.95%	0.17%
Return On Investment Capital (ROIC_SIMPLE)	0.00%	7.15%	6.55%	5.05%	10.30%	5.11%	3.22%	5.63%	6.51%	6.69%	5.47%
Cost of Revenue to Revenue	127.97%	63.36%	196.33%	124.09%	127.04%	188.74%	66.28%	66.01%	62.23%	61.06%	62.27%
SG&A Expenses to Revenue	37.55%	37.40%	57.47%	37.26%	32.27%	30.82%	17.01%	15.00%	15.48%	16.03%	17.24%
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	43.23%	42.69%	66.59%	62.25%	18.56%	17.60%	19.44%	17.13%	18.46%	18.88%	21.18%
Earnings before Interest and Taxes (EBIT)	379	231	26	621	304	277	291	440	517	582	442
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	518	301	194	762	749	350	365	516	593	671	551
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	9.08	44.68	21.07	41.15	17.52	10.31	15.66	16.42	15.72	22.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	164.66	103.48	4,839.27	230.90
Price to Revenue (P/Rev)	0.00	2.67	13.38	4.50	9.91	5.32	3.27	5.38	5.94	6.06	8.84
Price to Earnings (P/E)	0.00	39.76	77.04	129.84	64.18	86.01	41.27	60.25	55.70	46.48	61.52
Dividend Yield	0.05%	0.05%	0.06%	0.17%	0.10%	0.10%	0.17%	0.11%	0.10%	0.13%	0.08%
Earnings Yield	0.00%	2.51%	2.60%	4.62%	1.56%	1.16%	2.42%	1.66%	1.80%	2.15%	1.63%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.90	25.00	8.93	20.51	10.72	7.02	11.63	13.06	12.54	20.63
Enterprise Value to Revenue (EV/Rev)	0.00	2.98	9.68	4.83	5.22	5.53	3.44	5.51	6.04	6.16	8.88
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.30	85.77	16.73	17.05	18.44	19.70	31.24	32.14	29.39	41.27
Enterprise Value to EBIT (EV/EBIT)	0.00	14.32	167.32	91.84	90.25	24.15	24.47	38.19	38.42	34.45	48.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	27.20	38.34	113.68	80.08	50.06	31.16	47.41	47.25	45.02	59.78
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	45.44	0.00	93.00	62.92	67.22	19.49	35.14	37.55	29.82	37.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	23.94	33.68	11.05	13.24	13.57	90.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	4.38	6.32	5.73	3.23	2.41	1.10	0.93	0.83	0.74	0.69
Long-Term Debt to Equity	0.00	4.35	6.28	1.90	4.81	3.58	1.09	0.93	0.83	0.73	0.69
Financial Leverage	0.00	2.95	3.82	3.06	1.11	0.87	1.67	0.76	0.94	0.44	0.27
Leverage Ratio	0.00	8.73	10.90	10.55	9.80	7.70	4.20	3.97	3.70	3.35	3.31
Compound Leverage Factor	0.00	3.55	-8.17	13.48	4.32	6.81	3.83	3.80	3.53	3.24	3.28
Debt to Total Capital	0.00%	59.34%	135.65%	65.62%	61.77%	163.82%	52.31%	48.31%	45.41%	42.50%	40.77%
Short-Term Debt to Total Capital	0.00%	1.32%	1.47%	0.95%	0.89%	0.78%	0.38%	0.35%	0.33%	0.30%	0.00%
Long-Term Debt to Total Capital	0.00%	58.90%	134.67%	65.15%	61.33%	54.21%	51.94%	47.97%	45.08%	42.19%	40.77%
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	0.00%	121.97%	96.52%	68.76%	76.45%	45.39%	47.69%	51.69%	54.59%	57.50%	59.23%
Debt to EBITDA	0.00	2.96	7.46	2.83	3.81	2.44	1.99	1.82	1.60	1.36	1.25
Net Debt to EBITDA	0.00	1.09	6.76	3.40	0.88	1.41	0.99	0.74	0.54	0.51	0.18
Long-Term Debt to EBITDA	0.00	4.41	11.10	1.40	2.52	2.42	1.98	1.81	1.59	1.35	1.25
Debt to NOPAT	0.00	11.73	3.33	9.60	2.98	3.31	3.15	2.76	2.35	2.08	1.81
Net Debt to NOPAT	0.00	8.62	6.04	5.14	4.12	1.92	1.57	1.12	0.79	0.78	0.26
Long-Term Debt to NOPAT	0.00	3.88	3.31	6.36	5.92	4.92	3.13	2.74	2.34	2.07	1.81
Altman Z-Score	0.00	2.92	11.88	8.09	4.24	5.02	3.70	5.39	6.19	5.84	7.58
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	0.00	3.47	4.02	4.08	1.38	4.94	1.72	1.74	1.83	1.55	1.49
Quick Ratio	0.00	3.77	2.63	2.73	1.86	1.16	1.19	1.26	1.33	1.12	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	551	-15,652	-7,333	-3,591	629	4,166	3,818	-232	-433	-151
Operating Cash Flow to CapEx	907.66%	697.06%	753.42%	2,522.67%	1,929.59%	1,341.33%	781.70%	703.49%	1,089.29%	1,030.42%	672.63%
Free Cash Flow to Firm to Interest Expense	0.00	25.39	-401.34	-479.30	-200.08	9.83	164.66	179.25	-9.49	-25.91	-83.72
Operating Cash Flow to Interest Expense	11.43	24.62	7.05	16.49	31.60	26.58	11.99	15.16	20.76	58.62	426.00
Operating Cash Flow Less CapEx to Interest Expense	5.09	21.09	7.77	21.79	9.44	33.92	10.45	13.00	18.86	52.93	362.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.82	3.68	3.55	5.08	2.81	0.99	0.98	0.98	0.96	0.95
Accounts Receivable Turnover	0.00	6.85	0.00	0.00	0.00	10.73	3.82	3.60	3.77	3.74	3.97
Inventory Turnover	0.00	10.46	0.00	0.00	0.00	14.31	4.52	4.68	4.63	4.82	4.24
Fixed Asset Turnover	0.00	26.16	0.00	0.00	0.00	27.04	13.98	14.70	15.02	13.23	13.26
Accounts Payable Turnover	0.00	9.06	0.00	0.00	0.00	8.82	4.48	4.35	4.21	4.24	4.06
Days Sales Outstanding (DSO)	0.00	213.10	0.00	0.00	0.00	204.14	95.66	101.34	96.73	97.61	91.88
Days Inventory Outstanding (DIO)	0.00	139.56	0.00	0.00	0.00	229.53	80.80	78.06	78.84	75.66	86.18
Days Payable Outstanding (DPO)	0.00	161.16	0.00	0.00	0.00	82.77	81.49	83.84	86.64	86.08	89.95
Cash Conversion Cycle (CCC)	0.00	191.50	0.00	0.00	0.00	191.62	94.97	95.56	88.93	87.20	88.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	4,175	8,110	7,785	3,836	4,135	4,124	4,308	4,487	5,026	4,667
Invested Capital Turnover	0.00	1.61	6.89	11.10	3.93	1.93	1.37	1.50	2.33	2.23	2.47
Increase / (Decrease) in Invested Capital	0.00	-197	16,220	7,785	7,672	-41	-3,986	-3,478	651	892	542
Enterprise Value (EV)	14,131	20,459	67,574	34,743	39,335	44,343	28,950	50,120	58,586	63,028	96,293
Market Capitalization	14,131	18,299	31,126	32,388	37,312	42,642	27,492	48,938	57,608	61,943	95,872
Book Value per Share	$0.00	$5.28	$7.35	$4.11	$9.67	$6.49	$7.00	$8.20	$9.19	$10.31	$11.09
Tangible Book Value per Share	$0.00	($2.59)	($8.15)	($7.28)	($2.95)	($1.99)	($0.36)	$0.78	$1.46	$0.03	$1.09
Total Capital	0.00	4,956	8,661	8,945	9,489	10,725	5,592	6,047	6,427	6,854	7,167
Total Debt	0.00	2,941	2,937	2,935	2,931	5,856	2,925	2,922	2,919	2,913	2,922
Total Long-Term Debt	0.00	2,919	2,916	5,827	2,910	5,814	2,904	2,901	2,898	2,892	2,922
Net Debt	0.00	4,321	5,323	4,710	4,044	3,401	1,458	1,183	978	1,085	422
Capital Expenditures (CapEx)	55	51	73	90	39	63	39	46	47	95	114
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,875	1,335	1,106	856	1,596	831	970	1,053	606	141
Debt-free Net Working Capital (DFNWC)	0.00	1,718	1,886	2,266	2,673	4,052	2,299	2,709	2,993	2,433	2,641
Net Working Capital (NWC)	0.00	3,392	1,844	2,223	2,631	2,005	2,278	2,688	2,972	2,413	2,641
Net Nonoperating Expense (NNE)	68	122	148	96	68	127	16	16	20	13	1.60
Net Nonoperating Obligations (NNO)	0.00	2,161	5,323	2,355	4,044	1,701	1,458	1,183	978	1,085	422
Total Depreciation and Amortization (D&A)	140	141	142	141	141	145	74	75	76	89	109
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	27.32%	28.68%	15.36%	11.36%	19.93%	9.89%	10.66%	10.86%	5.92%	1.30%
Debt-free Net Working Capital to Revenue	0.00%	75.09%	27.02%	47.20%	35.50%	50.57%	27.34%	29.78%	30.87%	23.79%	24.36%
Net Working Capital to Revenue	0.00%	74.14%	13.21%	46.32%	34.93%	50.05%	27.09%	29.55%	30.66%	23.58%	24.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.61	($0.02)	$0.48	$0.47	$0.39	$0.43	$0.85	$1.04	$1.17	$1.02
Adjusted Weighted Average Basic Shares Outstanding	0.00	380.14M	379.14M	374.73M	375.20M	376.42M	380.85M	381.48M	382.03M	381.71M	382.92M
Adjusted Diluted Earnings per Share	$0.00	$0.61	($0.02)	$0.46	$0.46	$0.38	$0.42	$0.83	$1.02	$1.14	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	0.00	386.23M	379.14M	384.49M	384.32M	386.33M	390.11M	389.85M	390.93M	390.65M	392.13M
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	374.34M	375.15M	375.34M	380.78M	381.11M	381.87M	382.34M	382.60M	384.11M
Normalized Net Operating Profit after Tax (NOPAT)	163	203	284	224	249	275	181	342	443	475	387
Normalized NOPAT Margin	18.68%	21.79%	17.33%	34.47%	23.97%	23.42%	8.88%	12.97%	16.56%	16.50%	14.62%
Pre Tax Income Margin	16.73%	20.08%	-2.38%	13.55%	12.95%	20.90%	13.04%	15.96%	18.39%	19.56%	16.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.70	10.63	2.00	20.30	16.96	8.66	11.49	20.66	21.09	34.86	245.39
NOPAT to Interest Expense	7.45	24.48	10.91	14.78	6.81	17.13	7.12	15.99	17.07	27.47	217.61
EBIT Less CapEx to Interest Expense	3.72	12.41	-0.81	5.79	22.16	13.36	9.96	18.51	19.18	29.17	182.06
NOPAT Less CapEx to Interest Expense	6.19	20.95	8.10	11.84	11.43	13.17	5.59	13.84	15.17	21.79	154.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	4.13%	0.00%	16.96%	12.93%	25.53%	7.07%	6.39%	5.48%	5.00%	4.90%
Augmented Payout Ratio	0.00%	6.19%	0.00%	251.79%	219.30%	388.52%	7.07%	6.39%	5.48%	5.00%	4.90%

Financials Breakdown Chart

Key Financial Trends

Vertiv Holdings Co (VRT) has shown improving profitability and cash generation in 2025, with stronger revenue, higher margins, and expanding operating cash flow in the latest quarter vs the prior year. Below are the 10 most notable points drawn from Vertiv’s quarterly income statements, balance sheets, and cash flow statements across the last four years.

Revenue growth: Q4 2025 operating revenue reached $2.88B, about 23% higher than Q4 2024's $2.347B.
Gross margin expansion: Q4 2025 gross margin rose to ~38.9% (1.1214B gross profit on 2.88B revenue) versus ~37.1% in Q4 2024 (0.8702B on 2.3464B).
Operating margin improvement: Q4 2025 operating margin ~20.1% (579.9M on 2.88B) vs ~19.5% in Q4 2024 (457.2M on 2.3464B).
Net income growth: Net income attributable to common shareholders rose to $445.6M in Q4 2025 from $147.0M in Q4 2024.
Stronger operating cash flow: Net cash from continuing operating activities was $978.9M in Q4 2025, up from $425.2M in Q4 2024.
Robust cash flow progression in 2025: Quarterly cash flow from continuing operations grew from about $303.3M (Q1) to $978.9M (Q4), signaling a rising trend in operating cash generation through 2025.
Leverage and liquidity context: As of Q3 2025, long-term debt was about $2.90B and total liabilities around $7.31B, with total equity near $3.51B, indicating a substantial but manageable balance sheet footprint.
Acquisition-related investing activity: Q4 2025 included a large acquisitions outflow of $963.1M, contributing to a substantial investing activity footprint in late 2025.
Investing cash outflows persist: Net cash from continuing investing activities in Q4 2025 was -$608.1M, reflecting sizable capital deployment beyond routine capex.
Financing activity impact: Net cash from financing activities in Q4 2025 was -$28.0M, indicating modest net external financing activity alongside ongoing debt and equity considerations.

05/06/26 08:19 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Vertiv's Financials

When does Vertiv's fiscal year end?

According to the most recent income statement we have on file, Vertiv's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Vertiv's net income changed over the last 8 years?

Vertiv's net income appears to be on an upward trend, with a most recent value of $1.33 billion in 2025, falling from -$1.28 thousand in 2017. The previous period was $495.80 million in 2024. Find out what analysts predict for Vertiv in the coming months.

What is Vertiv's operating income?

Vertiv's total operating income in 2025 was $1.83 billion, based on the following breakdown:

Total Gross Profit: $3.72 billion
Total Operating Expenses: $1.89 billion

How has Vertiv's revenue changed over the last 8 years?

Over the last 8 years, Vertiv's total revenue changed from $0.00 in 2017 to $10.23 billion in 2025, a change of 1,022,990,000,000.0%.

How much debt does Vertiv have?

Vertiv's total liabilities were at $8.27 billion at the end of 2025, a 23.5% increase from 2024, and a 648,205,229.2% increase since 2017.

How much cash does Vertiv have?

In the past 8 years, Vertiv's cash and equivalents has ranged from $0.00 in 2017 to $1.73 billion in 2025, and is currently $1.73 billion as of their latest financial filing in 2025.

How has Vertiv's book value per share changed over the last 8 years?

Over the last 8 years, Vertiv's book value per share changed from 0.00 in 2017 to 10.31 in 2025, a change of 1,030.8%.

Related Companies

Financial statements for NYSE:VRT last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Vertiv (VRT) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Vertiv's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Vertiv (VRT) Financials

Annual Income Statements for Vertiv

Quarterly Income Statements for Vertiv

Annual Cash Flow Statements for Vertiv

Quarterly Cash Flow Statements for Vertiv

Annual Balance Sheets for Vertiv

Quarterly Balance Sheets for Vertiv

Annual Metrics And Ratios for Vertiv

Quarterly Metrics And Ratios for Vertiv

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Vertiv's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools