|VRT Overview
VRT

Vertiv Holdings Co

Technology • CIK: 0001674101

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Market Cap
$57.36B
P/E (TTM)
55.7x
Rev Growth (TTM)
Net Margin (TTM)
10.7%
FCF Yield (TTM)
2.4%
FCF Margin (TTM)
14.2%

LATEST EARNINGS

Q4 FY2025
2 days ago
View source
Revenue
Net Income
EPS
  • Net sales increased 23% year-over-year to $2,880 million in Q4 2025, driven by organic sales growth of 19%.
  • Fourth quarter organic orders grew approximately 252% compared to last year's fourth quarter, reflecting strong market demand.
  • Adjusted operating margin was 23.2%, up 170 basis points compared to fourth quarter 2024, driven by operational leverage and productivity.
  • Operating cash flow increased 136% to $1,005 million and adjusted free cash flow increased 151% to $910 million in Q4 2025 compared to the prior year.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$1.4B
Q3 '25
$464M+67%
Q2 '25
$278M+4%
FCF Margin
TTM14.2%
Q3 '2517.3%+64%
Sector: 14.5%Below Avg
OCF Margin16.1%
OCF/NI1.51x
CapEx Coverage8.3x
FCF Yield2.4%
FCF Growth (2Y)
Cash Conversion Cycle
89 days
DSO: 95+DIO: 79DPO: 85

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$1.4B
Stock Repurchases (FY)$0
Capital Return / FCF4.1%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
29.1%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
12.8%
Asset Turnover
1.00x
Leverage (1+D/E)
1.83x
D/E: 0.83x
DuPont: 23.4%29.1% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
15.07x
8Q:
Invested Cap Turn
2.28x
8Q:
CapEx Intensity
4.4%
8Q:
CapEx/Depreciation
0.64x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$9.7B
$2.7B1.4%
$2.6B29.6%
$2.0B13.2%
$2.3B13.2%
$2.1B6.2%
$2.0B19.1%
$1.6B12.1%
$1.9B
Operating Income
$1.7B
$516.7M16.8%
$442.4M52.2%
$290.7M36.4%
$457.2M23.0%
$371.6M10.6%
$336.0M65.8%
$202.6M29.0%
$285.2M
Net Income
$1.0B
$398.5M22.9%
$324.2M97.1%
$164.5M11.9%
$147.0M16.8%
$176.6M0.8%
$178.1M3118.6%
$-5.9M102.5%
$232.6M
Operating Cash Flow
$1.6B
$508.7M57.5%
$322.9M6.5%
$303.3M28.7%
$425.2M13.4%
$375.1M1.7%
$381.5M177.5%
$137.5M61.4%
$356.2M
Free Cash Flow
$1.4B
$463.5M66.8%
$277.9M4.2%
$266.8M26.8%
$364.5M7.6%
$338.7M2.5%
$347.4M241.6%
$101.7M67.0%
$308.4M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
55.7x
Valuation Lenses
Earnings
55.7x
vs sector
Cash Flow
31.6x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
1.9P/E per %ROIC
ROIC: 29.1%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$57.36B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
100/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
38.0%
8Q:
Return on Invested Capital (ROIC)Top 25%
29.1%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 12.8%
Asset Turnover: 1.00x

Earnings Quality

Cash Conversion

1.51x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin35.7%

Capital Efficiency

Invested Capital Turnover2.28x

Working Capital

Cash Conversion Cycle89 days

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY
N/A
OpInc Growth YoY
39.0%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
35.7%
Operating
17.6%
Above Avg in sector
Net
10.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+3.5 pts
FCF: 14.2% | Net: 10.7%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $1.47B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.83x
Balance sheet risk & solvency analysis