Vertiv is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
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Third-party market data · may be delayed
~$340
Cash-flow model
Base case. Range ~$260–$440 across our lower- and higher-growth cases (15%–25% a year).
Undervalued
The price is below our entire value range; our base value is 52% above it.
Price used: $224.24, November 2, 2026
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Model value +7.1%
Revenue for the twelve months to September 2026 was $13.1bn, up 35.3% on a year earlier, faster than the 26.2% growth a quarter earlier. Free-cash-flow margin rose to 23.9% from 13.8% a year earlier. Operating margin widened to 20.1% from 17.6%. Our model value rises from $302 to $323 a share, against a share price of $237. The rating stays Hold.
Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation
Vertiv's revenue reached $13.1bn in the twelve months to June 2026, up 35.3% on a year earlier and well ahead of the 26.2% growth recorded a quarter before. Margins improved alongside the top line: free cash flow margin climbed to 23.9% from 13.8%, while operating margin widened to 20.1% from 17.6%. These gains lift the fundamentals grade from B to B+. Our model value, however, barely moves, holding at $302 a share even as the shares trade at $209. That gap between model value and price has narrowed enough to prompt a change in rating, from Buy to Hold, despite the stronger underlying numbers.
Revenue for the twelve months to June 2026 was $11.5bn, up 26.2% on a year earlier, slower than 29.0% a quarter earlier. Free-cash-flow margin rose to 25.5% from 13.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $240 a share, against a share price of $205.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Vertiv's trailing-twelve-month revenue grew 35.3% year on year, with a free-cash-flow margin of 23.9%. Where it stands out: free-cash-flow margin of 23.9% ranks 1 of 56 electrical components & equipment companies we cover.
Our discounted-cash-flow model values the business at ~$340 per share in the base case (~$260–$440 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 134.5% while net income grew 102.9%: a 32pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
Vertiv reports on Wednesday 28 October, before the market opens. Analysts expect full-year EPS of $6.73; these are the numbers and trends the report will test.
The company also guided to organic net sales growth of 34.00 to 36.00 for the Third Quarter 2026; adjusted operating profit of $898.00m to $938.00m for the Third Quarter 2026.
The share price implies about 16.2% a year of cash-flow growth for five years.That is slower than the 21.3% a year revenue growth Vertiv has delivered.
Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.
Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($235.44, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies
Our value per share comes from a discounted-cash-flow model of Vertiv's free cash flow after stock-based pay ( $2.4B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.
We value Vertiv as an operating company, with every model that fits that kind of business. Cost of equity 12.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.77 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | ~$340 ~$260–$440 | Primary model, counts double |
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$100 ~$68–$130 | Included |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$170 ~$140–$250 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$54 ~$40–$74 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$35 ~$32–$39 | Left out: out of range vs price (0.15x) |
| Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$200 ~$54–$340 | 4 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Vertiv with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| Discount rate ↓ / growth → | −5% growth | 0% growth | 5% growth | 10% growth | 15% growth | 20% growth |
|---|---|---|---|---|---|---|
| 7% | $93 | $126 | $169 | $227 | $301 | $398 |
| 8.5% | $72 | $95 | $127 | $168 | $221 | $289 |
| 10% | $59 | $77 | $101 | $133 | $173 | $225 |
| At fiscal year end | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Now |
|---|---|---|---|---|---|---|---|---|---|
| Share price | $9.75 | $10.97 | $18.58 | $24.85 | $13.61 | $47.87 | $113.37 | $161.90 | $224.24 |
| Market value | $1.2bn | $1.3bn | $5.7bn | $9.0bn | $5.1bn | $18.5bn | $43.8bn | $63.2bn | $88.0bn |
| + Net debt (− = net cash) | −$215m | $3.2bn | $1.6bn | $2.6bn | $3.0bn | $2.2bn | $1.7bn | $1.2bn | −$584m |
| Enterprise value | $937m | $4.5bn | $7.3bn | $11.5bn | $8.1bn | $20.7bn | $45.5bn | $64.4bn | $87.4bn |
| Multiples | |||||||||
| Price / sales | 0.3x | 0.3x | 1.3x | 1.8x | 0.9x | 2.7x | 5.5x | 6.2x | 6.7x |
| Price / earnings | — | — | — | 74.8x | 67.2x | 40.2x | 88.3x | 47.5x | 41.9x |
| Price / free cash flow | — | 131.0x | 34.7x | 65.1x | — | 23.9x | 38.0x | 33.4x | 28.0x |
| EV / EBITDA | — | 11.1x | 17.6x | 23.7x | 15.4x | 18.1x | 27.7x | 30.1x | 28.5x |
Moderate moat
How hard Vertiv's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median 13.2% of total assets over 6 years.
Gross margin has been a median 33.8%, moving by 3.3 percentage points (standard deviation) across 7 years.
Operating margin has been a median 13.6%; its worst year was 1.0%.
Free cash flow was positive in 6 of 7 years, at a median 9.0% of revenue.
The diluted share count rose 11.6% over five years; stock-based pay has been a median 0.5% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $7.19 | +71% | $14.7bn | +44% |
| Next | $9.74 | +36% | $19.2bn | +31% |
Next year's EPS estimate has moved +7.5% in 90 days, across 30 analysts.
The consensus EPS forecast for the current fiscal year is +7.1% on 90 days ago. In the last 30 days, 4 analysts raised Vertiv's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $6.71 | $9.06 |
| 60 days ago | $6.71 | $9.10 |
| 30 days ago | $6.74 | $9.18 |
| 7 days ago | $6.73 | $9.19 |
| Now | $7.19 | $9.74 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | $1.82 | $2.21 | +21.2% |
| Jun 2026 | $1.43 | $1.52 | +6.4% |
| Mar 2026 | $1.01 | $1.17 | +15.7% |
| Dec 2025 | $1.30 | $1.36 | +4.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
Our cash-flow model grows Vertiv's revenue by +32.5% next year and +24.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+38.3%, weight 57%) , management guidance (+31.6%, weight 19%) and the company's own record (+20.0%, weight 25%) . How the weights are set.
Last 12 months +16.4%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $9.1bn | $11.5bn | +26.2% |
| Net margin | 8.9% | 15.1% | +68.9% |
| P/E multiple | 92.6x | 50.7x | −45.2% |
| Share count | 390m | 392m | −0.4% |
Biggest factor: p/e multiple.
Last 3 years +456.6%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $6.4bn | $11.5bn | +79.6% |
| Net margin | 2.8% | 15.1% | +431.8% |
| P/E multiple | 84.4x | 50.7x | −39.9% |
| Share count | 380m | 392m | −3.0% |
Biggest factor: net margin.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| VRT | +34% | −45% | +252% | +137% | +43% | +39% |
| Industry peers (median) | −6% | −30% | −18% | −8% | +11% | −36% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| VRT | 67% | 33% | 83% | 75% | 58% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| VRT | −24% | −67% | −26% | −37% | −61% | −48% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since August 2, 2018: 71% from September 2, 2021 to June 30, 2022. Getting back needed a 248% gain, reached on August 2, 2023, 398 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 28, 2026 | +17.9% | 0.0% | — | — |
| July 29, 2026 | −15.6% | +0.1% | +3.1% | −0.1% |
| April 22, 2026 | +3.0% | +0.6% | −2.0% | +3.5% |
| February 11, 2026 | +18.5% | −1.6% | +21.8% | +29.7% |
| October 22, 2025 | +4.8% | +0.1% | +14.0% | −8.7% |
| July 30, 2025 | +2.0% | −0.5% | −2.1% | −5.9% |
| April 23, 2025 | +16.8% | +3.7% | +18.9% | +45.1% |
| February 12, 2025 | −11.3% | +0.7% | −14.9% | −29.0% |
| October 23, 2024 | −2.2% | −0.7% | 0.0% | +25.8% |
| July 24, 2024 | −16.0% | −2.8% | −13.5% | −15.6% |
| April 24, 2024 | +14.1% | −0.4% | +11.8% | +27.9% |
| February 21, 2024 | +1.4% | +2.2% | +6.6% | +32.4% |
How Vertiv’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.
Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.
Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.
Sell the $220 put expiring December 4, 2026 (32 days) for $12.40 a share — $1,240 per contract.
Previous session · Bid $12.40, ask $14.60, quoted Mon 2 Nov, 17:39 New York time with VRT at $225.27. Option prices move with the shares: check the live chain at your broker before trading.
Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.
For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.
Not offered: the shares trade below our fair value: a collar caps upside the model expects.
For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.
General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $6.9B |
| FY24 Q1 | $7B |
| FY24 Q2 | $7.2B |
| FY24 Q3 | $7.5B |
| FY24 Q4 | $8B |
| FY25 Q1 | $8.4B |
| FY25 Q2 | $9.1B |
| FY25 Q3 | $9.7B |
| FY25 Q4 | $10.2B |
| FY26 Q1 | $10.8B |
| FY26 Q2 | $11.5B |
| FY26 Q3 | $13.1B |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q4 | 20.6% |
| FY24 Q1 | 15.3% |
| FY24 Q2 | 12.7% |
| FY24 Q3 | 13.2% |
| FY24 Q4 | 16.7% |
| FY25 Q1 | 20.4% |
| FY25 Q2 | 26.3% |
| FY25 Q3 | 28.8% |
| FY25 Q4 | 27.7% |
| FY26 Q1 | 29.0% |
| FY26 Q2 | 26.2% |
| FY26 Q3 | 35.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 12.7% |
| FY24 Q1 | 13.5% |
| FY24 Q2 | 14.9% |
| FY24 Q3 | 15.9% |
| FY24 Q4 | 17.1% |
| FY25 Q1 | 17.3% |
| FY25 Q2 | 17.2% |
| FY25 Q3 | 17.6% |
| FY25 Q4 | 17.9% |
| FY26 Q1 | 18.3% |
| FY26 Q2 | 18.9% |
| FY26 Q3 | 20.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | 11.2% |
| FY24 Q1 | 12.2% |
| FY24 Q2 | 13.4% |
| FY24 Q3 | 14.3% |
| FY24 Q4 | 14.2% |
| FY25 Q1 | 15.4% |
| FY25 Q2 | 13.6% |
| FY25 Q3 | 13.8% |
| FY25 Q4 | 18.4% |
| FY26 Q1 | 21.0% |
| FY26 Q2 | 25.5% |
| FY26 Q3 | 23.9% |
| Fiscal year | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Sept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||
| Revenue | 0.0 | 4.3 | 4.4 | 4.4 | 5.0 | 5.7 | 6.9 | 8.0 | 10.2 | 13.1 |
| Gross profit | — | 1.4 | 1.5 | 1.5 | 1.5 | 1.6 | 2.4 | 2.9 | 3.7 | 5.0 |
| EBITDA | — | — | 0.4 | 0.4 | 0.5 | 0.5 | 1.1 | 1.6 | 2.1 | 3.1 |
| Operating income | — | — | 0.2 | 0.2 | 0.3 | 0.2 | 0.9 | 1.4 | 1.8 | 2.6 |
| Net income | −0.0 | −0.3 | −0.1 | −0.3 | 0.1 | 0.1 | 0.5 | 0.5 | 1.3 | 2.1 |
| Diluted EPS | — | −$2.65 | −$1.19 | −$1.07 | $0.33 | −$0.04 | $1.19 | $1.28 | $3.41 | $5.35 |
| Growth (year on year) | ||||||||||
| Revenue | — | — | +3.4% | −1.4% | +14.4% | +13.9% | +20.6% | +16.7% | +27.7% | +35.3% |
| EBITDA | — | — | — | +1.9% | +16.9% | +8.0% | +117.4% | +43.8% | +30.0% | +53.2% |
| Operating income | — | — | — | +3.6% | +21.7% | −14.0% | +290.4% | +56.8% | +33.8% | +54.8% |
| Net income | — | — | — | — | — | −36.0% | — | +7.7% | +168.8% | +102.9% |
| Diluted EPS | — | — | — | — | — | −112.1% | — | +7.6% | +166.4% | +102.7% |
| Margins | ||||||||||
| Gross margin | — | 33.1% | 32.8% | 33.7% | 30.5% | 28.4% | 35.0% | 36.6% | 36.3% | 38.1% |
| EBITDA margin | — | — | 9.2% | 9.5% | 9.7% | 9.2% | 16.7% | 20.5% | 20.9% | 23.3% |
| Operating margin | — | — | 4.7% | 4.9% | 5.2% | 3.9% | 12.7% | 17.1% | 17.9% | 20.1% |
| Net margin | — | −7.3% | −3.2% | −7.5% | 2.4% | 1.3% | 6.7% | 6.2% | 13.0% | 16.0% |
| Free-cash-flow margin | — | −6.7% | 0.2% | 3.8% | 2.8% | −4.4% | 11.3% | 14.4% | 18.5% | 24.0% |
| Cash flow | ||||||||||
| Cash from operations | — | −0.2 | 0.1 | 0.2 | 0.2 | −0.2 | 0.9 | 1.3 | 2.1 | 3.7 |
| Capital spending | — | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.5 |
| Free cash flow | — | −0.3 | 0.0 | 0.2 | 0.1 | −0.3 | 0.8 | 1.2 | 1.9 | 3.1 |
| Stock-based pay | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Free cash flow after stock pay | — | −0.3 | 0.0 | 0.2 | 0.1 | −0.3 | 0.7 | 1.1 | 1.8 | 3.1 |
| Balance sheet | ||||||||||
| Cash | 0.4 | 0.2 | 0.2 | 0.5 | 0.4 | 0.3 | 0.8 | 1.2 | 1.7 | 3.5 |
| Total debt | 0.0 | 0.0 | 3.5 | 2.2 | 3.0 | 3.2 | 3.0 | 2.9 | 2.9 | 2.9 |
| Net debt (negative = net cash) | −0.4 | −0.2 | 3.2 | 1.6 | 2.6 | 3.0 | 2.2 | 1.7 | 1.2 | −0.6 |
| Diluted shares | — | 118m | 118m | 307m | 360m | 378m | 386m | 386m | 391m | 392m |
| Returned to shareholders | ||||||||||
| Dividends | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
| Buybacks | — | — | — | — | — | 0.0 | 0.0 | 0.6 | 0.0 | — |
| Total returned | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 | 0.1 | 0.1 |
| Quarter | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 | 2026 Q3 Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 2,346 | 2,036 | 2,638 | 2,676 | 2,880 | 2,650 | 3,274 | 4,313 |
| Gross profit | 870 | 687 | 897 | 1,011 | 1,121 | 1,000 | 1,235 | 1,643 |
| EBITDA | 528 | 362 | 516 | 592 | 668 | 548 | 754 | 1,092 |
| Operating income | 457 | 291 | 442 | 517 | 580 | 440 | 638 | 984 |
| Net income | 147 | 165 | 324 | 399 | 446 | 390 | 498 | 765 |
| Diluted EPS | $0.38 | $0.42 | $0.83 | $1.02 | $1.14 | $0.99 | $1.27 | $1.95 |
| Growth (year on year) | ||||||||
| Revenue | +25.8% | +24.2% | +35.1% | +29.0% | +22.7% | +30.1% | +24.1% | +61.2% |
| EBITDA | +5.3% | +33.5% | +27.5% | +34.4% | +26.5% | +51.2% | +46.2% | +84.4% |
| Operating income | +60.3% | +43.5% | +31.7% | +39.0% | +26.8% | +51.4% | +44.2% | +90.4% |
| Net income | −36.8% | — | +82.0% | +125.7% | +203.1% | +137.1% | +53.5% | +91.8% |
| Diluted EPS | −36.7% | — | +80.4% | +121.7% | +200.0% | +135.7% | +53.0% | +91.2% |
| Margins | ||||||||
| Gross margin | 37.1% | 33.7% | 34.0% | 37.8% | 38.9% | 37.7% | 37.7% | 38.1% |
| EBITDA margin | 22.5% | 17.8% | 19.5% | 22.1% | 23.2% | 20.7% | 23.0% | 25.3% |
| Operating margin | 19.5% | 14.3% | 16.8% | 19.3% | 20.1% | 16.6% | 19.5% | 22.8% |
| Net margin | 6.3% | 8.1% | 12.3% | 14.9% | 15.5% | 14.7% | 15.2% | 17.7% |
| Free-cash-flow margin | 15.5% | 13.1% | 10.5% | 16.4% | 31.7% | 24.7% | 28.3% | 15.2% |
| Cash flow | ||||||||
| Cash from operations | 425 | 303 | 323 | 483 | 1,005 | 767 | 1,100 | 794 |
| Capital spending | 61 | 37 | 45 | 45 | 93 | 113 | 173 | 139 |
| Free cash flow | 365 | 267 | 278 | 438 | 912 | 654 | 927 | 655 |
| Stock-based pay | 9 | 11 | 13 | 14 | 7 | 17 | 14 | 20 |
| Free cash flow after stock pay | 356 | 256 | 265 | 423 | 904 | 637 | 913 | 635 |
| Last 12 months unless stated | VRT | EMR | ROK | AME | RRX | ETN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $13.1bn | $18.6bn | $9.0bn | $7.9bn | $6.1bn | $30.0bn | $154m |
| Revenue growth, last 12 months | 35.3% | 4.8% | 11.3% | 12.7% | 3.5% | 15.5% | 10.6% |
| Revenue growth, 3-year average | 25.4% | 7.6% | 1.3% | 7.0% | 2.9% | 10.8% | 9.2% |
| Revenue growth, latest quarter | 61.2% | 7.0% | 7.9% | 15.0% | 4.2% | 21.4% | 10.2% |
| Gross margin | 38.1% | 53.2% | 49.1% | 36.4% | 37.8% | 35.9% | 29.3% |
| Operating margin | 20.1% | — | 22.7% | 25.9% | 11.7% | 14.4% | −17.7% |
| Operating margin, 3-year average | 17.9% | — | — | 25.9% | 10.1% | — | −32.6% |
| Net margin | 16.0% | 13.8% | 13.4% | 20.0% | 5.4% | 12.8% | −23.4% |
| Cash from operations / revenue | 27.9% | 21.0% | 19.3% | 24.9% | 9.2% | 16.5% | −6.5% |
| Free-cash-flow margin | 23.9% | 18.6% | 16.8% | 23.2% | 7.7% | 13.1% | −11.0% |
| Free-cash-flow margin, 3-year average | 17.4% | 13.7% | 15.0% | 23.9% | 10.4% | 12.7% | −6.8% |
| Stock pay / revenue | 0.4% | 0.7% | 1.0% | 0.6% | 0.5% | — | 2.5% |
| Change in share count | 0.1% | −0.9% | −0.9% | −0.6% | 0.3% | −1.3% | 10.0% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 35.3% | 10.6% | 17 of 57 |
| Change in growth rate Growth | +9.0pp | +0.0pp | 13 of 57 |
| Gross margin Profitability | 38.1% | 29.3% | 8 of 54 |
| Operating margin Profitability | 20.1% | -20.0% | 5 of 53 |
| Net margin Profitability | 16.0% | -23.4% | 5 of 57 |
| Free-cash-flow margin Cash generation | 23.9% | -8.8% | 1 of 56 |
| Stock pay as % of revenue Cash generation | 0.4% | 2.8% | 4 of 50 |
| Long-term debt as % of assets Balance sheet | 16.1% | 17.8% | 20 of 40 |
| Change in share count Balance sheet | 0.1% | 10.0% | 15 of 46 |
| Days sales outstanding Balance sheet | 122 days | 72 days | 40 of 50 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $6.4B | 62.4% | ▲ 41.9% |
| Asia Pacific | $2B | 19.7% | ▲ 17.5% |
| EMEA | $1.8B | 17.8% | ▲ 1.7% |
| Line of business | Revenue | YoY |
|---|---|---|
| Products | $8.4B | ▲ 31.2% |
| Product Excluding Spares | $8.2B | ▲ 31.4% |
| Services and Spares | $2B | ▲ 14.5% |
| Services | $1.8B | ▲ 13.7% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $6B | 58.8% | ▲ 47.2% |
| Asia | $2B | 19.7% | ▲ 18.7% |
| Europe | $1.5B | 14.4% | ▼ 3.2% |
| Latin America and Canada | $437M | 4.3% | ▲ 2.3% |
| Middle East and Africa | $285M | 2.8% | ▲ 3.8% |
From Vertiv's 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $12B | 35.9M | 11.5% | ▼ 3.5% |
| Vanguard Capital Management LLC | $8.4B | 25.1M | 8.0% | ▲ 0.9% |
| Vanguard Portfolio Management LLC | $6B | 17.9M | 5.7% | ▼ 0.1% |
| State Street Corp | $5.5B | 16.5M | 5.3% | ▲ 4.5% |
| Jpmorgan Chase & Co | $3.1B | 10.1M | 2.9% | ▲ 65.9% |
| Price T Rowe Associates Inc | $3.1B | 9.1M | 2.9% | ▲ 15.9% |
| Geode Capital Management, LLC | $3B | 9.0M | 2.9% | ▼ 17.0% |
| Bank Of America Corp | $2.8B | 8.3M | 2.6% | ▼ 1.6% |
| Morgan Stanley | $2.3B | 6.9M | 2.2% | ▲ 3.6% |
| Invesco Ltd. | $1.9B | 5.5M | 1.8% | ▼ 15.4% |
| Norges Bank | $1.6B | 4.9M | 1.6% | — |
| FMR LLC | $1.4B | 4.3M | 1.4% | ▼ 20.6% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Vertiv's complete shareholder register. Values are as reported by the filers ; 8 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 2,087 | $256.36 | $535,023 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 3,520 | $255.58 | $899,642 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 3,040 | $254.63 | $774,075 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 1,000 | $253.37 | $253,370 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 2,280 | $252.53 | $575,768 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 1,440 | $251.56 | $362,246 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 1,040 | $250.58 | $260,603 |
| Monser Edward L Director | September 1, 2026 | Sell pre-set plan | 880 | $249.43 | $219,498 |
| Monser Edward L Director | March 6, 2026 | Sell pre-set plan | 2,491 | $249.58 | $621,704 |
| Monser Edward L Director | March 6, 2026 | Sell pre-set plan | 4,714 | $242.20 | $1.1M |
| Monser Edward L Director | March 6, 2026 | Sell pre-set plan | 1,700 | $239.34 | $406,878 |
| Monser Edward L Director | March 6, 2026 | Sell pre-set plan | 3,600 | $240.47 | $865,692 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
In the last 12 months, 1 member of Congress disclosed 2 purchases and 1 sale of Vertiv shares.
Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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