VRT (Vertiv Holdings Co) Stock Financials & Earnings | Market Cap Arena

VRT (Vertiv Holdings Co) Stock Financials & Earnings | Market Cap Arena

VRTVertiv Holdings Co

Mkt Cap$103B

Industrials·Electrical Equipment & Parts·🇺🇸 United States·NYSE

Revenue (TTM)$10.2B

Net Income (TTM)$1.3B

EPS (TTM)$3.41

Free Cash Flow (TTM)$1.9B

Gross Margin34.8%

Op. Margin18.2%

Net Margin13.0%

FCF Margin18.8%

P/S Ratio (TTM)10.1x

P/E Ratio (TTM)77.4x

YoY Rev Growth+27.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.5B	$450M	$142M
Q2 23	$1.7B	$549M	$221M
Q3 23	$1.7B	$582M	$255M
Q4 23	$1.9B	$638M	$289M
Q1 24	$1.6B	$517M	$203M
Q2 24	$2.0B	$695M	$332M
Q3 24	$2.1B	$713M	$378M
Q4 24	$2.3B	$825M	$464M
Q1 25	$2.0B	$636M	$290M
Q2 25	$2.6B	$849M	$453M
Q3 25	$2.7B	$1.0B	$517M
Q4 25	$2.9B	$1.1B	$601M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	17.0x	870.9x
Q2 23	16.1x	568.7x
Q3 23	15.5x	405.6x
Q4 23	15.0x	224.1x
Q1 24	14.8x	255.2x
Q2 24	14.3x	206.7x
Q3 24	13.7x	177.4x
Q4 24	12.9x	208.0x
Q1 25	12.3x	154.8x
Q2 25	11.3x	126.9x
Q3 25	10.6x	99.7x
Q4 25	10.1x	77.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$42M	$12M
Q2 23	$254M	$227M
Q3 23	$249M	$221M
Q4 23	$356M	$305M
Q1 24	$138M	$101M
Q2 24	$382M	$337M
Q3 24	$375M	$336M
Q4 24	$425M	$362M
Q1 25	$303M	$265M
Q2 25	$323M	$277M
Q3 25	$509M	$467M
Q4 25	$1.0B	$912M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$30M
Q2 23	$26M
Q3 23	$27M
Q4 23	$51M
Q1 24	$37M
Q2 24	$45M
Q3 24	$39M
Q4 24	$63M
Q1 25	$39M
Q2 25	$46M
Q3 25	$42M
Q4 25	$93M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+31.5%	+14.7%
Q2 23	+23.9%	+10.3%
Q3 23	+17.7%	+6.2%
Q4 23	+12.7%	+5.5%
Q1 24	+7.8%	+4.1%
Q2 24	+12.6%	+7.1%
Q3 24	+19.0%	+14.0%
Q4 24	+25.8%	+19.5%
Q1 25	+24.2%	+21.6%
Q2 25	+35.1%	+34.8%
Q3 25	+29.0%	+27.3%
Q4 25	+22.7%	+21.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$6M	0.4%
Q2 23	$7M	0.4%
Q3 23	$7M	0.4%
Q4 23	$6M	0.3%
Q1 24	$9M	0.6%
Q2 24	$9M	0.4%
Q3 24	$8M	0.4%
Q4 24	$9M	0.4%
Q1 25	$11M	0.6%
Q2 25	$13M	0.5%
Q3 25	$14M	0.5%
Q4 25	$7M	0.3%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	—	$309M
Q2 23	—	$328M
Q3 23	—	$327M
Q4 23	$304M	$349M
Q1 24	—	$314M
Q2 24	—	$364M
Q3 24	—	$335M
Q4 24	$352M	$362M
Q1 25	$99M	$248M
Q2 25	$111M	$285M
Q3 25	$210M	$414M
Q4 25	—	$462M

Revenue Segments

Quarter	Product	Service
Q1 23	$1.2B	$335M
Q2 23	$1.4B	$374M
Q3 23	$1.4B	$361M
Q4 23	$1.5B	$388M
Q1 24	$1.3B	$369M
Q2 24	$1.6B	$398M
Q3 24	$1.7B	$420M
Q4 24	$1.9B	$432M
Q1 25	$1.6B	$386M
Q2 25	$2.2B	$472M
Q3 25	$2.2B	$461M
Q4 25	$2.4B	$520M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$281M	$0	$281M
Q2 23	$280M	$0	$280M
Q3 23	$505M	$0	$505M
Q4 23	$789M	$0	$789M
Q1 24	$281M	$0	$281M
Q2 24	$588M	$0	$588M
Q3 24	$917M	$0	$917M
Q4 24	$1.2B	$0	$1.2B
Q1 25	$1.5B	$0	$1.5B
Q2 25	$1.7B	$98M	$1.8B
Q3 25	$1.4B	$545M	$2.0B
Q4 25	$1.7B	$100M	$1.8B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	382M	+1.2%
Q2 23	382M	+0.2%
Q3 23	388M	+1.5%
Q4 23	390M	+0.6%
Q1 24	379M	-2.9%
Q2 24	384M	+1.4%
Q3 24	384M	-0.0%
Q4 24	386M	+0.6%
Q1 25	390M	+0.9%
Q2 25	390M	-0.1%
Q3 25	390M	+0.1%
Q4 25	392M	+0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	$224K	20K
FY 20	$208K	21K
FY 21	$208K	24K
FY 22	$211K	27K
FY 23	$254K	27K
FY 24	$258K	31K
FY 25	$301K	34K