Infrastructure provider for data center power, thermal management, and edge computing systems, with direct leverage to AI capacity buildouts.
Profile & Fundamentals
Vertiv: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Vertiv Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
Vertiv Holdings Co designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers AC and DC power management products, low/medium voltage switchgear, busbar, thermal management products, air cooled and liquid cooled thermal management products, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, and software infrastructure that are integral to the technologies used for various services, including artificial intelligence, e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. It also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, fluid management, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software services. The company offers its products primarily under the Vertiv, Liebert, NetSure, Geist, Energy Labs, ERS, Albér, and Avocent brands. It serves through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. The company is headquartered in Westerville, Ohio.
Company profile record
Vertiv Holdings Co
Common Stock · Industrials · Electrical Components & Equipment
Company
- Company / asset
- Vertiv Holdings Co
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Electrical Components & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 505 N. Cleveland Ave., Westerville, OH, United States, 43082
Leadership & scale
- Chief executive
- Mr. Giordano Albertazzi
- CEO year born
- 1967
- Full-time employees
- 34K
- Fiscal year end
- December
- IPO date
- 2018-07-30
Fundamentals snapshot
- Market Cap
- USD 99.4B
- P/E
- 57.4x
- Revenue (Q2 26)
- USD 3.3B
- Profit (Q2 26)
- USD 497.8M
- Dividend Yield
- 0.1%
- Revenue (FY 25)
- USD 10.2B
- Shares in public float
- 383.8M
- Insider ownership
- 0.24%
Reporting & identifiers
- Symbol
- VRT.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US92537N1081
- Asset ID
- equity_b621314e-bf12-5462-ae24-4f3c48c5ed34
Ownership
Shares Outstanding
Latest: 392.7M | Max: 392.7M | Min: 86.3M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
97.73%
383.8M latest reported shares
Insider Ownership
0.24%
Latest reported insider stake
Short Float
0.04%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 86,250,000 |
| 2018-01-01 | 86,250,000 |
| 2019-01-01 | 118,262,000 |
| 2020-01-01 | 333,294,300 |
| 2021-01-01 | 372,190,200 |
| 2022-01-01 | 377,320,200 |
| 2023-01-01 | 390,499,500 |
| 2024-01-01 | 386,473,600 |
| 2025-01-01 | 391,671,300 |
| 2026-01-01 | 392,747,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 37,207,167 | 9.66% | 2026-03-31 |
| Vanguard Capital Management, LLC | 24,858,319 | 6.46% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 17,926,522 | 4.66% | 2026-03-31 |
| State Street Corp | 15,826,560 | 4.11% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 12,206,455 | 3.17% | 2026-08-31 |
| Geode Capital Management, LLC | 10,879,850 | 2.83% | 2026-03-31 |
| Vanguard 500 Index Investor | 10,203,910 | 2.65% | 2026-08-31 |
| Bank of America Corp | 8,416,966 | 2.19% | 2026-03-31 |
| Vanguard MStar Mid Cap Index Instl | 8,308,469 | 2.16% | 2026-08-31 |
| T. Rowe Price Associates, Inc. | 7,861,148 | 2.04% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 6,655,117 | 1.73% | 2026-03-31 |
| Amvescap Plc. | 6,547,726 | 1.7% | 2026-03-31 |
| JPMorgan Chase & Co | 6,065,726 | 1.58% | 2026-03-31 |
| UBS Group AG | 5,448,573 | 1.42% | 2026-03-31 |
| FMR Inc | 5,413,853 | 1.41% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results demonstrate powerful business momentum driven by surging demand for modern computing equipment. For fiscal 2025, revenue increased 27.7% to $10.23 billion, while operating income reached $1.90 billion, lifting trailing twelve-month free cash flow to $2.92 billion. These headline gains reflect strong operational execution and pricing discipline across high-density cooling and electrical products. However, a closer look reveals that quarterly growth is beginning to normalize from peak rates as large-scale deployments encounter scheduling friction. Furthermore, significant cash inflows came from customer prepayments, which create delivery obligations rather than permanent cash surpluses. Long-term progress depends on converting massive order backlogs into delivered equipment smoothly.
The company's latest financial results demonstrate powerful business momentum driven by surging demand for modern computing equipment. For fiscal 2025, revenue increased 27.7% to $10.23 billion, while operating income reached $1.90 billion, lifting trailing twelve-month free cash flow to $2.92 billion. These headline gains reflect strong operational execution and pricing discipline across high-density cooling and electrical products. However, a closer look reveals that quarterly growth is beginning to normalize from peak rates as large-scale deployments encounter scheduling friction. Furthermore, significant cash inflows came from customer prepayments, which create delivery obligations rather than permanent cash surpluses. Long-term progress depends on converting massive order backlogs into delivered equipment smoothly.
Revenue, Net Income, and Free Cash Flow
Latest: USD 10.2B | Max: USD 10.2B | Min: USD -327.3M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 48x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has staged a dramatic structural recovery over the past three years. Operating margins expanded from 3.9% in 2022 to 18.5% in 2025, supported by steady gross margins near 34.4%. This performance stems from favorable product mix toward complex direct-to-chip cooling systems and fixed factory overhead leverage over growing shipment volumes. While strong pricing power has successfully offset component cost inflation, operating margins are likely approaching a cyclical plateau near the low twenties. As competing industrial equipment manufacturers introduce alternative cooling products and standard hardware designs become widespread, pricing discipline will be tested, requiring continuous cost control to preserve profitability gains.
Profitability has staged a dramatic structural recovery over the past three years. Operating margins expanded from 3.9% in 2022 to 18.5% in 2025, supported by steady gross margins near 34.4%. This performance stems from favorable product mix toward complex direct-to-chip cooling systems and fixed factory overhead leverage over growing shipment volumes. While strong pricing power has successfully offset component cost inflation, operating margins are likely approaching a cyclical plateau near the low twenties. As competing industrial equipment manufacturers introduce alternative cooling products and standard hardware designs become widespread, pricing discipline will be tested, requiring continuous cost control to preserve profitability gains.
Profitability Margins
Latest: 34.4% | Max: 34.4% | Min: -7.5%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
34.4%
Gross profit / revenue
Operating Margin
18.5%
Operating income / revenue
Net Margin
13.0%
Net income / revenue
FCF Margin
18.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 1,301,850,000 | -303,420 | -25,000 |
| 2017-12-31 | 3,879,400,000 | -1,276 | -86,300,000 |
| 2018-12-31 | 4,285,600,000 | 5,030,748 | 4,172,749 |
| 2019-12-31 | 4,431,200,000 | -140,800,000 | -12,800,000 |
| 2020-12-31 | 4,370,600,000 | -327,300,000 | 156,200,000 |
| 2021-12-31 | 4,998,100,000 | 119,600,000 | 126,300,000 |
| 2022-12-31 | 5,691,500,000 | 76,600,000 | -263,800,000 |
| 2023-12-31 | 6,863,200,000 | 460,200,000 | 765,900,000 |
| 2024-12-31 | 8,011,800,000 | 495,800,000 | 1,135,200,000 |
| 2025-12-31 | 10,229,900,000 | 1,332,800,000 | 1,887,400,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 47.61 | Trailing four quarters |
| 2024-12-31 | 88.56 | Trailing four quarters |
| 2023-12-31 | 40.76 | Trailing four quarters |
| 2022-12-31 | 67.29 | Annual net income |
| 2021-12-31 | 77.71 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 29.76 | -0.02 | -0.02 | -0 |
| 2017-12-31 | 33.84 | -0 | -0 | -2.22 |
| 2018-12-31 | 33.14 | -0.02 | 0.12 | 0.1 |
| 2019-12-31 | 29.87 | 5.03 | -3.18 | -0.29 |
| 2020-12-31 | 30.77 | 7.7 | -7.49 | 3.57 |
| 2021-12-31 | 27.58 | 5.39 | 2.39 | 2.53 |
| 2022-12-31 | 24.6 | 3.9 | 1.35 | -4.63 |
| 2023-12-31 | 32.33 | 13.21 | 6.71 | 11.16 |
| 2024-12-31 | 34.36 | 17.21 | 6.19 | 14.17 |
| 2025-12-31 | 34.36 | 18.54 | 13.03 | 18.45 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.