Vertiv (VRT)

NYSE Industrials Electrical Components & Equipment S&P 500

$182.86

+6.13 (+3.47%)

Close of Nov 06, 2026 · end-of-day data

Source: Vertiv's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$0	$4.29B	$4.43B	$4.37B	$5.00B	$5.69B	$6.86B	$8.01B	$10.23B
Cost of revenue	—	$2.87B	$2.98B	$2.90B	$3.48B	$4.08B	$4.46B	$5.08B	$6.51B
Gross profit	—	$1.42B	$1.45B	$1.47B	$1.52B	$1.62B	$2.40B	$2.93B	$3.72B
Research & development	—	$198.30M	$229.40M	$228.60M	$266.40M	$282.00M	$303.50M	$367.60M	$441.70M
Selling, general & admin	—	$1.22B	$1.10B	$1.01B	$1.11B	$1.18B	$1.31B	$1.37B	$1.62B
Operating income	—	—	$206.10M	$213.50M	$259.90M	$223.40M	$872.20M	$1.37B	$1.83B
Interest expense	—	$288.80M	$310.40M	$150.40M	$90.60M	$147.30M	$180.10M	$150.40M	$86.10M
Pre-tax income	-$1.28K	-$271.00M	-$104.30M	-$254.60M	$166.20M	$167.00M	$533.70M	$765.40M	$1.74B
Income tax	$0	$49.90M	$36.50M	$72.70M	$46.60M	$90.40M	$73.50M	$269.60M	$409.10M
Net income	-$1.28K	-$314.00M	-$140.80M	-$327.30M	$119.60M	$76.60M	$460.20M	$495.80M	$1.33B
EBITDA	—	—	$409.00M	$416.60M	$486.90M	$525.80M	$1.14B	$1.64B	$2.14B
EPS (basic)	—	$-2.65	$-1.19	$-1.07	$0.34	$0.20	$1.21	$1.32	$3.49
EPS (diluted)	—	$-2.65	$-1.19	$-1.07	$0.33	$-0.04	$1.19	$1.28	$3.41
Diluted shares	—	118.26M	118.26M	307.08M	360.14M	378.22M	386.23M	386.33M	390.65M
Gross margin	—	33.1%	32.8%	33.7%	30.5%	28.4%	35.0%	36.6%	36.3%
Operating margin	—	—	4.7%	4.9%	5.2%	3.9%	12.7%	17.1%	17.9%
Net margin	—	-7.3%	-3.2%	-7.5%	2.4%	1.3%	6.7%	6.2%	13.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$398.20M	$215.10M	$223.50M	$534.60M	$439.10M	$260.60M	$780.40M	$1.23B	$1.73B
Receivables	—	—	$1.21B	$1.35B	$1.54B	$1.89B	$2.12B	$2.36B	$3.11B
Inventory	—	—	$401.00M	$446.60M	$616.30M	$822.00M	$884.30M	$1.24B	$1.46B
Total current assets	$25.00K	$1.18M	$2.02B	$2.52B	$2.70B	$3.16B	$4.00B	$5.10B	$6.82B
Goodwill	—	$634.00M	$605.80M	$607.20M	$1.33B	$1.28B	$1.33B	$1.32B	$2.03B
Total assets	$25.00K	$697.34M	$4.66B	$5.07B	$6.94B	$7.10B	$8.00B	$9.13B	$12.21B
Total current liabilities	$1.28K	$1.28M	$1.52B	$1.74B	$1.85B	$1.90B	$2.31B	$3.10B	$4.41B
Short-term debt	—	—	$0	$22.00M	$21.80M	$21.80M	$21.80M	$21.00M	$20.90M
Long-term debt	—	—	$3.47B	$2.13B	$2.95B	$3.17B	$2.92B	$2.91B	$2.89B
Total debt	—	—	$3.47B	$2.15B	$2.97B	$3.19B	$2.94B	$2.93B	$2.91B
Total liabilities	$1.28K	$25.43M	$5.36B	$4.56B	$5.52B	$5.65B	$5.98B	$6.70B	$8.27B
Shareholders' equity	-$129.60M	-$540.30M	-$704.80M	$512.10M	$1.42B	$1.44B	$2.01B	$2.43B	$3.94B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	—	-$221.90M	$57.50M	$208.90M	$210.90M	-$152.80M	$900.50M	$1.32B	$2.11B
Capital expenditures	—	$64.60M	$47.60M	$44.40M	$73.40M	$100.00M	$127.90M	$167.00M	$220.00M
Free cash flow	—	-$286.50M	$9.90M	$164.50M	$137.50M	-$252.80M	$772.60M	$1.15B	$1.89B
Investing cash flow	—	-$207.70M	-$65.30M	-$45.70M	-$1.22B	-$112.10M	-$139.10M	-$201.70M	-$1.50B
Financing cash flow	—	$245.10M	$14.80M	$140.70M	$914.90M	$100.20M	-$247.50M	-$652.10M	-$72.30M
Dividends paid	—	$0	$0	$3.30M	$3.80M	$3.80M	$9.50M	$42.20M	$66.60M
Share buybacks	—	—	—	—	—	$0	$0	$599.90M	$0
Stock-based compensation	—	$0	$0	$13.00M	$23.20M	$24.70M	$25.00M	$34.60M	$45.90M
Depreciation & amortization	—	$217.00M	$202.90M	$203.10M	$227.00M	$302.40M	$271.00M	$277.00M	$308.60M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.87B	$1.64B	$1.95B	$2.07B	$2.35B	$2.04B	$2.64B	$2.68B	$2.88B	$2.65B	$3.27B	$4.31B
Cost of revenue	$1.18B	$1.07B	$1.21B	$1.32B	$1.48B	$1.35B	$1.74B	$1.67B	$1.76B	$1.65B	$2.04B	$2.67B
Gross profit	$683.40M	$566.40M	$741.20M	$756.40M	$870.20M	$686.50M	$896.60M	$1.01B	$1.12B	$999.70M	$1.23B	$1.64B
Selling, general & admin	$348.80M	$314.00M	$363.80M	$334.60M	$361.60M	$346.30M	$395.60M	$414.30M	$461.60M	$456.70M	$494.40M	$556.90M
Operating income	$285.20M	$202.60M	$336.00M	$371.60M	$457.20M	$290.70M	$442.40M	$516.70M	$579.90M	$440.10M	$637.90M	$983.80M
Interest expense	$42.90M	$39.00M	$44.80M	$35.90M	$30.70M	$25.30M	$21.30M	$22.80M	$16.70M	-$4.40M	$17.40M	$6.40M
Pre-tax income	$187.30M	-$13.00M	$264.70M	$268.50M	$245.20M	$265.40M	$421.10M	$492.20M	$563.20M	$438.30M	$620.00M	$994.80M
Income tax	-$45.30M	-$7.10M	$86.60M	$91.90M	$98.20M	$100.90M	$96.90M	$93.70M	$117.60M	$48.20M	$122.20M	$230.30M
Net income	$232.60M	-$5.90M	$178.10M	$176.60M	$147.00M	$164.50M	$324.20M	$398.50M	$445.60M	$390.10M	$497.80M	$764.50M
EBITDA	$304.90M	$271.30M	$404.40M	$440.50M	$528.20M	$362.30M	$515.70M	$592.10M	$668.20M	$547.80M	$753.70M	$1.09B
EPS (basic)	$0.61	$-0.02	$0.48	$0.47	$0.39	$0.43	$0.85	$1.04	$1.16	$1.02	$1.29	$1.99
EPS (diluted)	$0.60	$-0.02	$0.46	$0.46	$0.38	$0.42	$0.83	$1.02	$1.14	$0.99	$1.27	$1.95
Diluted shares	2.39M	379.14M	384.49M	384.32M	218.83K	390.11M	389.85M	390.93M	394.92K	392.13M	392.75M	392.68M
Gross margin	36.6%	34.6%	38.0%	36.5%	37.1%	33.7%	34.0%	37.8%	38.9%	37.7%	37.7%	38.1%
Operating margin	15.3%	12.4%	17.2%	17.9%	19.5%	14.3%	16.8%	19.3%	20.1%	16.6%	19.5%	22.8%
Net margin	12.5%	-0.4%	9.1%	8.5%	6.3%	8.1%	12.3%	14.9%	15.5%	14.7%	15.2%	17.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$780.40M	$275.80M	$579.70M	$908.70M	$1.23B	$1.47B	$1.64B	$1.40B	$1.73B	$2.15B	$2.81B	$3.51B
Receivables	$2.12B	$2.10B	$2.22B	$2.33B	$2.36B	$2.31B	$2.83B	$2.81B	$3.11B	$3.15B	$3.75B	$4.38B
Inventory	$884.30M	$987.10M	$1.10B	$1.26B	$1.24B	$1.38B	$1.41B	$1.44B	$1.46B	$1.83B	$2.52B	$3.29B
Total current assets	$4.00B	$3.63B	$4.19B	$4.80B	$5.10B	$5.46B	$6.30B	$6.55B	$6.82B	$7.98B	$9.98B	$12.12B
Goodwill	$1.33B	$1.32B	$1.32B	$1.35B	$1.32B	$1.34B	$1.37B	$1.44B	$2.03B	$2.02B	$2.28B	$2.28B
Total assets	$8.00B	$7.59B	$8.11B	$8.89B	$9.13B	$9.45B	$10.41B	$10.82B	$12.21B	$13.40B	$15.90B	$18.17B
Total current liabilities	$2.31B	$2.71B	$3.08B	$3.49B	$3.10B	$3.18B	$3.61B	$3.58B	$4.41B	$5.34B	$7.24B	$8.71B
Short-term debt	$21.80M	$21.20M	$21.20M	$21.20M	$21.00M	$21.00M	$21.00M	$20.90M	$20.90M	$0	$0	$3.40M
Long-term debt	$2.92B	$2.92B	$2.91B	$2.91B	$2.91B	$2.90B	$2.90B	$2.90B	$2.89B	$2.92B	$2.94B	$2.93B
Total debt	$2.94B	$2.94B	$2.93B	$2.93B	$2.93B	$2.93B	$2.92B	$2.92B	$2.91B	$2.92B	$2.94B	$2.93B
Total liabilities	$5.98B	$6.20B	$6.57B	$7.08B	$6.70B	$6.78B	$7.28B	$7.31B	$8.27B	$9.16B	$11.14B	$12.67B
Shareholders' equity	$2.01B	$1.39B	$1.54B	$1.81B	$2.43B	$2.67B	$3.13B	$3.51B	$3.94B	$4.24B	$4.76B	$5.50B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$356.20M	$137.50M	$381.50M	$375.10M	$425.20M	$303.30M	$322.90M	$482.70M	$1.00B	$766.80M	$1.10B	$794.00M
Capital expenditures	$47.80M	$35.80M	$34.10M	$36.40M	$60.70M	$36.50M	$45.00M	$45.20M	$93.30M	$112.60M	$173.30M	$139.10M
Free cash flow	$308.40M	$101.70M	$347.40M	$338.70M	$364.50M	$266.80M	$277.90M	$437.50M	$911.60M	$654.20M	$926.50M	$654.90M
Investing cash flow	-$68.00M	-$36.50M	-$45.00M	-$39.20M	-$81.00M	-$38.80M	-$144.00M	-$683.90M	-$634.10M	-$376.70M	-$404.00M	-$47.60M
Financing cash flow	-$10.80M	-$603.10M	-$23.60M	-$13.70M	-$11.70M	-$24.90M	-$8.00M	-$11.40M	-$28.00M	$11.90M	-$14.90M	-$39.40M
Dividends paid	$9.50M	$9.30M	$9.40M	$9.40M	$14.10M	$14.20M	$14.20M	$14.20M	$24.00M	$23.90M	$23.90M	$24.00M
Share buybacks	$0	$599.90M	$0	$0	$0	$0	$0	$0	$0	—	—	—
Stock-based compensation	$6.20M	$9.20M	$8.50M	$8.10M	$8.80M	$11.20M	$13.30M	$14.20M	$7.20M	$17.00M	$13.80M	$19.70M
Depreciation & amortization	$19.70M	$68.70M	$68.40M	$68.90M	$71.00M	$71.60M	$73.30M	$75.40M	$88.30M	$107.70M	$115.80M	$107.90M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.