Vertiv Holdings Co (VRT) 10-Year Financial Performance & Capital Metrics

VRT • • Industrial / General

IndustrialsElectrical EquipmentPower Conversion & Control EquipmentIndustrial Power Systems

AboutVertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. The company 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, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software services. It offers its products primarily under the Liebert, NetSure, Geist, E&I, Powerbar, and Avocent brands. The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Vertiv Holdings Co is headquartered in Columbus, Ohio.Show more

Revenue $8.01B +16.7%
EBITDA $1.66B +40.6%
Net Income $496M +7.7%
EPS (Diluted) 1.28 +7.6%
Gross Margin 34.36% +6.3%
EBITDA Margin 20.67% +20.4%
Operating Margin 17.21% +30.2%
Net Margin 6.19% -7.7%
ROE 22.29% -16.3%
ROIC 23.77% +55.3%
Debt/Equity 1.29 -16.7%
Interest Coverage 9.17 +121.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.6%
✓Good 3Y average ROE of 18.1%

✗Weaknesses

✗Thin 5Y average net margin of 1.8%
✗Expensive at 27.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y12.57%

3Y17.03%

TTM28.76%

Profit (Net Income) CAGR

10Y-

5Y-

3Y60.64%

TTM77.88%

EPS CAGR

10Y-

5Y-

3Y55.56%

TTM76.15%

ROCE

10Y Avg28054.13%

5Y Avg11.87%

3Y Avg14.83%

Latest23.51%

Peer Comparison

Industrial Power Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEISAdvanced Energy Industries, Inc.	9.71B	257.29	179.92	-10.49%	8.41%	11.09%	0.76%	0.56
VRTVertiv Holdings Co	65.97B	172.54	134.80	16.74%	10.67%	29.48%	1.72%	1.29
HAYWHayward Holdings, Inc.	3.63B	16.74	31	5.96%	12.62%	9.06%	5.17%	0.69
POWLPowell Industries, Inc.	4.92B	405.55	27.29	9.08%	16.22%	29.48%	3.14%	0.00
PPSIPioneer Power Solutions, Inc.	53.48M	4.82	1.66	105.82%	118.38%	105.11%		0.02
POLAPolar Power, Inc.	3.86M	1.44	-0.77	-8.65%	-104.13%	-299.07%		0.81
IPWRIdeal Power Inc.	27.54M	3.23	-2.52	-56.74%	-261.41%	-111.94%		0.03
TGENTecogen Inc.	148.93M	4.99	-26.26	-10.02%	-19.55%	-21.49%	2.08%	0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.94B	3.88B	4.29B	4.43B	4.37B	5B	5.69B	6.86B	8.01B
Revenue Growth %	-	-0.02%	0.1%	0.03%	-0.01%	0.14%	0.14%	0.21%	0.17%
Cost of Goods Sold+	2.53B	2.57B	2.87B	3.11B	3.03B	3.62B	4.29B	4.64B	5.26B
COGS % of Revenue	0.64%	0.66%	0.67%	0.7%	0.69%	0.72%	0.75%	0.68%	0.66%
Gross Profit+	1.41B	1.31B	1.42B	1.32B	1.34B	1.38B	1.4B	2.22B	2.75B
Gross Margin %	0.36%	0.34%	0.33%	0.3%	0.31%	0.28%	0.25%	0.32%	0.34%
Gross Profit Growth %	-	-0.07%	0.08%	-0.07%	0.02%	0.02%	0.02%	0.58%	0.24%
Operating Expenses+	303.42K	1.28K	1.04M	1.1B	1.01B	1.11B	1.18B	1.31B	1.37B
OpEx % of Revenue	0%	0%	0%	0.25%	0.23%	0.22%	0.21%	0.19%	0.17%
Selling, General & Admin	303.42K	1.28K	1.04M	871.4M	779.8M	842.6M	896.3M	1.01B	1.02B
SG&A % of Revenue	0%	0%	0%	0.2%	0.18%	0.17%	0.16%	0.15%	0.13%
Research & Development	129.4M	166.5M	198.3M	229.4M	228.6M	266.4M	282M	303.5M	352.1M
R&D % of Revenue	0.03%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%
Other Operating Expenses	-129.4M	-166.5M	-198.3M	0	0	0	0	0	0
Operating Income+	-303.42K	60.1M	-1.04M	223M	336.6M	269.4M	222M	906.9M	1.38B
Operating Margin %	-0%	0.02%	-0%	0.05%	0.08%	0.05%	0.04%	0.13%	0.17%
Operating Income Growth %	-	199.08%	-1.02%	216.06%	0.51%	-0.2%	-0.18%	3.09%	0.52%
EBITDA+	-303.42K	-1.28K	6.37M	425.9M	539.7M	496.4M	524.4M	1.18B	1.66B
EBITDA Margin %	-0%	0%	0%	0.1%	0.12%	0.1%	0.09%	0.17%	0.21%
EBITDA Growth %	-	1%	4993.31%	65.86%	0.27%	-0.08%	0.06%	1.25%	0.41%
D&A (Non-Cash Add-back)	0	0	0	202.9M	203.1M	227M	302.4M	271M	277M
EBIT	-303.42K	-1.28K	6.37M	206.1M	-104.2M	256.8M	314.3M	752.7M	915.8M
Net Interest Income+	0	0	0	-310.4M	-150.4M	-90.6M	-147.3M	-219M	-150.4M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	310.4M	150.4M	90.6M	147.3M	219M	150.4M
Other Income/Expense	-50M	-467.2M	7.41M	0	-591.2M	-103.2M	-55M	-373.2M	-613.4M
Pretax Income+	250.7M	-407.1M	6.37M	-104.3M	-254.6M	166.2M	167M	533.7M	765.4M
Pretax Margin %	0.06%	-0.1%	0%	-0.02%	-0.06%	0.03%	0.03%	0.08%	0.1%
Income Tax+	140.1M	19.7M	1.34M	36.5M	72.7M	46.6M	90.4M	73.5M	269.6M
Effective Tax Rate %	-0%	0%	0.79%	1.35%	1.29%	0.72%	0.46%	0.86%	0.65%
Net Income+	-303.42K	-1.28K	5.03M	-140.8M	-327.3M	119.6M	76.6M	460.2M	495.8M
Net Margin %	-0%	0%	0%	-0.03%	-0.07%	0.02%	0.01%	0.07%	0.06%
Net Income Growth %	-	1%	3943.59%	-28.99%	-1.32%	1.37%	-0.36%	5.01%	0.08%
Net Income (Continuing)	-303.42K	-1.28K	5.03M	-140.8M	-327.3M	119.6M	76.6M	460.2M	495.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.00	0.00	0.06	-1.19	-1.07	0.34	-0.04	1.19	1.28
EPS Growth %	-	-	-	-21.41%	0.1%	1.32%	-1.11%	32.48%	0.08%
EPS (Basic)	-0.00	0.00	0.06	-1.19	-1.07	0.34	-0.04	1.21	1.32
Diluted Shares Outstanding	69M	86.25M	86.25M	118.26M	307.08M	355.54M	378.22M	386.23M	386.33M
Basic Shares Outstanding	69M	86.25M	86.25M	118.26M	307.08M	355.54M	376.73M	380.14M	376.42M
Dividend Payout Ratio	-	-	-	-	-	0.03%	0.05%	0.02%	0.09%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25K	25K	1.18M	2.02B	2.52B	2.7B	3.16B	4B	5.1B
Cash & Short-Term Investments	0	0	835.54K	233.7M	542.6M	447.1M	273.2M	788.6M	1.23B
Cash Only	0	0	835.54K	233.7M	542.6M	447.1M	273.2M	788.6M	1.23B
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	25K	25K	1.25B	1.21B	1.35B	1.54B	1.89B	2.19B	2.36B
Days Sales Outstanding	0	0	106.61	99.85	113.11	112.2	121.13	116.21	107.64
Inventory	0	404.1M	0	401M	446.6M	616.3M	822M	884.3M	1.24B
Days Inventory Outstanding	-	57.46	-	47.1	53.88	62.15	69.92	69.5	86.37
Other Current Assets	0	-792.1M	-1.25B	180.01M	183.2M	106.8M	187.3M	151.6M	262.5M
Total Non-Current Assets+	0	2.82B	696.16M	2.64B	2.56B	4.24B	3.94B	4B	4.03B
Property, Plant & Equipment	0	462.8M	441.7M	428.2M	427.6M	489.3M	655.8M	733.6M	827.2M
Fixed Asset Turnover	-	8.38x	9.70x	10.35x	10.22x	10.21x	8.68x	9.36x	9.69x
Goodwill	0	596.1M	634M	605.8M	607.2M	1.33B	1.28B	1.33B	1.32B
Intangible Assets	0	1.66B	1.56B	1.44B	1.3B	2.14B	1.82B	1.67B	1.49B
Long-Term Investments	0	0	696.16M	0	0	16.1M	73.3M	44.5M	33.3M
Other Non-Current Assets	0	98.3M	696.16M	155.4M	196.8M	219.4M	60.7M	55.9M	58.7M
Total Assets+	25K	25K	697.34M	4.66B	5.07B	6.94B	7.1B	8B	9.13B
Asset Turnover	157740.00x	155176.00x	6.15x	0.95x	0.86x	0.72x	0.80x	0.86x	0.88x
Asset Growth %	-	0%	27892.56%	5.68%	0.09%	0.37%	0.02%	0.13%	0.14%
Total Current Liabilities+	0	1.28K	1.28M	30.75M	1.74B	1.85B	1.9B	2.31B	3.1B
Accounts Payable	0	1.28K	1.18M	6.6M	730.5M	858.5M	984M	986.4M	1.32B
Days Payables Outstanding	-	0	0.15	0.78	88.13	86.57	83.7	77.53	91.36
Short-Term Debt	0	0	0	35M	64.3M	63.9M	67M	64.7M	21M
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	1.28K	1.18M	486.6M	553.8M	494.5M	335.9M	403.5M	419.1M
Current Ratio	-	19.59x	0.92x	65.60x	1.45x	1.45x	1.66x	1.74x	1.65x
Quick Ratio	-	-316673.20x	0.92x	52.56x	1.19x	1.12x	1.23x	1.35x	1.25x
Cash Conversion Cycle	-	57.47	-	146.18	78.86	87.78	107.35	108.19	102.64
Total Non-Current Liabilities+	0	0	24.15M	3.84B	2.82B	3.67B	3.76B	3.68B	3.6B
Long-Term Debt	0	3.16B	0	3.47B	2.13B	2.95B	3.17B	2.92B	2.91B
Capital Lease Obligations	0	0	0	78.2M	107.3M	113.6M	132M	142.6M	171.4M
Deferred Tax Liabilities	0	0	0	0	116.5M	198.8M	176.5M	159.5M	240.3M
Other Non-Current Liabilities	0	0	24.15M	131M	427M	344.3M	228.8M	395.2M	191M
Total Liabilities	0	1.28K	25.43M	5.36B	4.56B	5.52B	5.65B	5.98B	6.7B
Total Debt+	0	0	0	3.58B	2.3B	3.13B	3.37B	3.13B	3.15B
Net Debt	0	0	-835.54K	3.35B	1.76B	2.68B	3.09B	2.34B	1.91B
Debt / Equity	-	-	-	-	4.50x	2.21x	2.34x	1.55x	1.29x
Debt / EBITDA	-	-	-	8.41x	4.27x	6.30x	6.42x	2.65x	1.90x
Net Debt / EBITDA	-	-	-0.13x	7.86x	3.26x	5.40x	5.90x	1.98x	1.16x
Interest Coverage	-	-	-	0.72x	2.24x	2.97x	1.51x	4.14x	9.17x
Total Equity+	25K	23.72K	671.91M	-704.8M	512.1M	1.42B	1.44B	2.01B	2.43B
Equity Growth %	-	-0.05%	28321.02%	-2.05%	1.73%	1.77%	0.02%	0.4%	0.21%
Book Value per Share	0.00	0.00	7.79	-5.96	1.67	3.99	3.81	5.22	6.30
Total Shareholders' Equity	25K	23.72K	671.91M	678.3M	512.1M	1.42B	1.44B	2.01B	2.43B
Common Stock	1.73K	1.73K	666.91M	673.3M	0	0	0	0	0
Retained Earnings	-303.42K	-304.69K	4.73M	5M	-1.33B	-1.22B	-1.14B	-691.9M	-238.3M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	18.1M	51.5M	35.6M	-46.2M	-4.5M	-148.8M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-25K	-49.6M	-710.39K	9.72M	208.9M	210.9M	-152.8M	900.5M	1.32B
Operating CF Margin %	-0%	-0.01%	-0%	0%	0.05%	0.04%	-0.03%	0.13%	0.16%
Operating CF Growth %	-	-1983%	0.99%	14.69%	20.48%	0.01%	-1.72%	6.89%	0.47%
Net Income	-303.42K	-1.28K	5.03M	4.39M	-327.3M	119.6M	76.6M	460.2M	495.8M
Depreciation & Amortization	160.6M	396.3M	242.5M	202.9M	203.1M	227M	302.4M	271M	277M
Stock-Based Compensation	0	0	0	0	13M	23.2M	24.7M	25M	34.6M
Deferred Taxes	0	0	0	-13.8M	19.9M	-121.3M	-8.6M	-131.6M	-54.5M
Other Non-Cash Items	-160.6M	-445.9M	-247.38M	-189.1M	361M	95.2M	-98.7M	209.2M	452.3M
Working Capital Changes	278.42K	1.28K	-858K	5.33M	-60.8M	-132.8M	-449.2M	66.7M	114.1M
Change in Receivables	-25K	0	-1.25M	360.23K	-114.8M	-117.4M	-368M	-277.2M	-280.3M
Change in Inventory	0	0	0	85.5M	-38.5M	-125.7M	-211.4M	-54M	-369.3M
Change in Payables	0	1.28K	642.93K	5.42M	78.2M	105.1M	132.8M	-17.7M	343.1M
Cash from Investing+	-30.2M	1.06B	-690M	-65.3M	-45.7M	-1.22B	-112.1M	-139.1M	-201.7M
Capital Expenditures	-34M	-36.7M	-64.6M	-70.3M	-52.7M	-84.6M	-111M	-134.6M	-184.1M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	3.8M	1.09B	64.6M	0	0	9.8M	3.9M	12.4M	0
Cash from Financing+	25K	-874.1M	691.55M	2M	140.7M	914.9M	100.2M	-247.5M	-652.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-1.02B	-4.88M	-360.23B	-3.3M	-3.8M	-3.8M	-9.5M	-42.2M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	-82.6M	-254.47M	360.21B	1.98B	-21.1M	-117.7M	-3.3M	11.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-25K	-86.3M	4.17M	9.72M	156.2M	126.3M	-263.8M	765.9M	1.14B
FCF Margin %	-0%	-0.02%	0%	0%	0.04%	0.03%	-0.05%	0.11%	0.14%
FCF Growth %	-	-3451%	1.05%	1.33%	15.06%	-0.19%	-3.09%	3.9%	0.48%
FCF per Share	-0.00	-1.00	0.05	0.08	0.51	0.36	-0.70	1.98	2.94
FCF Conversion (FCF/Net Income)	0.08x	38871.47x	-0.14x	-0.07x	-0.64x	1.76x	-1.99x	1.96x	2.66x
Interest Paid	0	0	0	0	167M	75.1M	132.8M	176.7M	155.5M
Taxes Paid	0	0	0	0	64.7M	97.3M	104.6M	153M	272.5M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1213.67%	-5.24%	1.5%	-	-63.91%	12.4%	5.36%	26.63%	22.29%
Return on Invested Capital (ROIC)	-910.25%	185021.76%	-0.23%	10.1%	10.28%	6.34%	3.86%	15.3%	23.77%
Gross Margin	35.78%	33.84%	33.14%	29.87%	30.77%	27.58%	24.6%	32.33%	34.36%
Net Margin	-0.01%	0%	0.12%	-3.18%	-7.49%	2.39%	1.35%	6.71%	6.19%
Debt / Equity	-	-	-	-	4.50x	2.21x	2.34x	1.55x	1.29x
Interest Coverage	-	-	-	0.72x	2.24x	2.97x	1.51x	4.14x	9.17x
FCF Conversion	0.08x	38871.47x	-0.14x	-0.07x	-0.64x	1.76x	-1.99x	1.96x	2.66x
Revenue Growth	-	-1.63%	10.47%	3.4%	-1.37%	14.36%	13.87%	20.59%	16.74%

Revenue by Segment

	2020	2021	2022	2023	2024
Product	3.31B	3.85B	4.34B	5.41B	6.39B
Product Growth	-	16.49%	12.47%	24.70%	18.26%
Service	1.06B	1.14B	1.36B	1.46B	1.62B
Service Growth	-	7.70%	18.59%	7.44%	11.06%

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	-	-	-	3.89B	4.56B
Americas Growth	-	-	-	-	17.41%
EMEA	-	-	-	1.73B	2.32B
EMEA Growth	-	-	-	-	33.77%
Asia Pacific	-	-	-	1.62B	1.88B
Asia Pacific Growth	-	-	-	-	16.24%
United States And Canada	1.86B	1.98B	2.55B	-	-
United States And Canada Growth	-	6.31%	29.00%	-	-
Asia	1.37B	1.56B	1.53B	-	-
Asia Growth	-	13.97%	-1.56%	-	-
Europe	777M	1.01B	1.12B	-	-
Europe Growth	-	30.58%	9.96%	-	-
Latin America	180.6M	264M	308.2M	-	-
Latin America Growth	-	46.18%	16.74%	-	-
Middle East And Africa	188.8M	187.2M	186.7M	-	-
Middle East And Africa Growth	-	-0.85%	-0.27%	-	-
UNITED STATES	1.76B	-	-	-	-
UNITED STATES Growth	-	-	-	-	-
CHINA	778.5M	-	-	-	-
CHINA Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Vertiv Holdings Co (VRT) has a price-to-earnings (P/E) ratio of 134.8x. This suggests investors expect higher future growth.

Growth & Financials

Vertiv Holdings Co (VRT) reported $9.70B in revenue for fiscal year 2024. This represents a 146% increase from $3.94B in 2016.

Vertiv Holdings Co (VRT) grew revenue by 16.7% over the past year. This is strong growth.

Yes, Vertiv Holdings Co (VRT) is profitable, generating $1.03B in net income for fiscal year 2024 (6.2% net margin).

Dividend & Returns

Vertiv Holdings Co (VRT) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Vertiv Holdings Co (VRT) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.

Vertiv Holdings Co (VRT) generated $1.37B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Vertiv Holdings Co (VRT) 10-Year Financial Performance & Capital Metrics

VRT • • Industrial / General

IndustrialsElectrical EquipmentPower Conversion & Control EquipmentIndustrial Power Systems

Revenue $8.01B +16.7%
EBITDA $1.66B +40.6%
Net Income $496M +7.7%
EPS (Diluted) 1.28 +7.6%
Gross Margin 34.36% +6.3%
EBITDA Margin 20.67% +20.4%
Operating Margin 17.21% +30.2%
Net Margin 6.19% -7.7%
ROE 22.29% -16.3%
ROIC 23.77% +55.3%
Debt/Equity 1.29 -16.7%
Interest Coverage 9.17 +121.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.6%
✓Good 3Y average ROE of 18.1%

✗Weaknesses

✗Thin 5Y average net margin of 1.8%
✗Expensive at 27.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y12.57%

3Y17.03%

TTM28.76%

Profit (Net Income) CAGR

10Y-

5Y-

3Y60.64%

TTM77.88%

EPS CAGR

10Y-

5Y-

3Y55.56%

TTM76.15%

ROCE

10Y Avg28054.13%

5Y Avg11.87%

3Y Avg14.83%

Latest23.51%

Peer Comparison

Industrial Power Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEISAdvanced Energy Industries, Inc.	9.71B	257.29	179.92	-10.49%	8.41%	11.09%	0.76%	0.56
VRTVertiv Holdings Co	65.97B	172.54	134.80	16.74%	10.67%	29.48%	1.72%	1.29
HAYWHayward Holdings, Inc.	3.63B	16.74	31	5.96%	12.62%	9.06%	5.17%	0.69
POWLPowell Industries, Inc.	4.92B	405.55	27.29	9.08%	16.22%	29.48%	3.14%	0.00
PPSIPioneer Power Solutions, Inc.	53.48M	4.82	1.66	105.82%	118.38%	105.11%		0.02
POLAPolar Power, Inc.	3.86M	1.44	-0.77	-8.65%	-104.13%	-299.07%		0.81
IPWRIdeal Power Inc.	27.54M	3.23	-2.52	-56.74%	-261.41%	-111.94%		0.03
TGENTecogen Inc.	148.93M	4.99	-26.26	-10.02%	-19.55%	-21.49%	2.08%	0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.94B	3.88B	4.29B	4.43B	4.37B	5B	5.69B	6.86B	8.01B
Revenue Growth %	-	-0.02%	0.1%	0.03%	-0.01%	0.14%	0.14%	0.21%	0.17%
Cost of Goods Sold+	2.53B	2.57B	2.87B	3.11B	3.03B	3.62B	4.29B	4.64B	5.26B
COGS % of Revenue	0.64%	0.66%	0.67%	0.7%	0.69%	0.72%	0.75%	0.68%	0.66%
Gross Profit+	1.41B	1.31B	1.42B	1.32B	1.34B	1.38B	1.4B	2.22B	2.75B
Gross Margin %	0.36%	0.34%	0.33%	0.3%	0.31%	0.28%	0.25%	0.32%	0.34%
Gross Profit Growth %	-	-0.07%	0.08%	-0.07%	0.02%	0.02%	0.02%	0.58%	0.24%
Operating Expenses+	303.42K	1.28K	1.04M	1.1B	1.01B	1.11B	1.18B	1.31B	1.37B
OpEx % of Revenue	0%	0%	0%	0.25%	0.23%	0.22%	0.21%	0.19%	0.17%
Selling, General & Admin	303.42K	1.28K	1.04M	871.4M	779.8M	842.6M	896.3M	1.01B	1.02B
SG&A % of Revenue	0%	0%	0%	0.2%	0.18%	0.17%	0.16%	0.15%	0.13%
Research & Development	129.4M	166.5M	198.3M	229.4M	228.6M	266.4M	282M	303.5M	352.1M
R&D % of Revenue	0.03%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%
Other Operating Expenses	-129.4M	-166.5M	-198.3M	0	0	0	0	0	0
Operating Income+	-303.42K	60.1M	-1.04M	223M	336.6M	269.4M	222M	906.9M	1.38B
Operating Margin %	-0%	0.02%	-0%	0.05%	0.08%	0.05%	0.04%	0.13%	0.17%
Operating Income Growth %	-	199.08%	-1.02%	216.06%	0.51%	-0.2%	-0.18%	3.09%	0.52%
EBITDA+	-303.42K	-1.28K	6.37M	425.9M	539.7M	496.4M	524.4M	1.18B	1.66B
EBITDA Margin %	-0%	0%	0%	0.1%	0.12%	0.1%	0.09%	0.17%	0.21%
EBITDA Growth %	-	1%	4993.31%	65.86%	0.27%	-0.08%	0.06%	1.25%	0.41%
D&A (Non-Cash Add-back)	0	0	0	202.9M	203.1M	227M	302.4M	271M	277M
EBIT	-303.42K	-1.28K	6.37M	206.1M	-104.2M	256.8M	314.3M	752.7M	915.8M
Net Interest Income+	0	0	0	-310.4M	-150.4M	-90.6M	-147.3M	-219M	-150.4M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	310.4M	150.4M	90.6M	147.3M	219M	150.4M
Other Income/Expense	-50M	-467.2M	7.41M	0	-591.2M	-103.2M	-55M	-373.2M	-613.4M
Pretax Income+	250.7M	-407.1M	6.37M	-104.3M	-254.6M	166.2M	167M	533.7M	765.4M
Pretax Margin %	0.06%	-0.1%	0%	-0.02%	-0.06%	0.03%	0.03%	0.08%	0.1%
Income Tax+	140.1M	19.7M	1.34M	36.5M	72.7M	46.6M	90.4M	73.5M	269.6M
Effective Tax Rate %	-0%	0%	0.79%	1.35%	1.29%	0.72%	0.46%	0.86%	0.65%
Net Income+	-303.42K	-1.28K	5.03M	-140.8M	-327.3M	119.6M	76.6M	460.2M	495.8M
Net Margin %	-0%	0%	0%	-0.03%	-0.07%	0.02%	0.01%	0.07%	0.06%
Net Income Growth %	-	1%	3943.59%	-28.99%	-1.32%	1.37%	-0.36%	5.01%	0.08%
Net Income (Continuing)	-303.42K	-1.28K	5.03M	-140.8M	-327.3M	119.6M	76.6M	460.2M	495.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.00	0.00	0.06	-1.19	-1.07	0.34	-0.04	1.19	1.28
EPS Growth %	-	-	-	-21.41%	0.1%	1.32%	-1.11%	32.48%	0.08%
EPS (Basic)	-0.00	0.00	0.06	-1.19	-1.07	0.34	-0.04	1.21	1.32
Diluted Shares Outstanding	69M	86.25M	86.25M	118.26M	307.08M	355.54M	378.22M	386.23M	386.33M
Basic Shares Outstanding	69M	86.25M	86.25M	118.26M	307.08M	355.54M	376.73M	380.14M	376.42M
Dividend Payout Ratio	-	-	-	-	-	0.03%	0.05%	0.02%	0.09%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25K	25K	1.18M	2.02B	2.52B	2.7B	3.16B	4B	5.1B
Cash & Short-Term Investments	0	0	835.54K	233.7M	542.6M	447.1M	273.2M	788.6M	1.23B
Cash Only	0	0	835.54K	233.7M	542.6M	447.1M	273.2M	788.6M	1.23B
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	25K	25K	1.25B	1.21B	1.35B	1.54B	1.89B	2.19B	2.36B
Days Sales Outstanding	0	0	106.61	99.85	113.11	112.2	121.13	116.21	107.64
Inventory	0	404.1M	0	401M	446.6M	616.3M	822M	884.3M	1.24B
Days Inventory Outstanding	-	57.46	-	47.1	53.88	62.15	69.92	69.5	86.37
Other Current Assets	0	-792.1M	-1.25B	180.01M	183.2M	106.8M	187.3M	151.6M	262.5M
Total Non-Current Assets+	0	2.82B	696.16M	2.64B	2.56B	4.24B	3.94B	4B	4.03B
Property, Plant & Equipment	0	462.8M	441.7M	428.2M	427.6M	489.3M	655.8M	733.6M	827.2M
Fixed Asset Turnover	-	8.38x	9.70x	10.35x	10.22x	10.21x	8.68x	9.36x	9.69x
Goodwill	0	596.1M	634M	605.8M	607.2M	1.33B	1.28B	1.33B	1.32B
Intangible Assets	0	1.66B	1.56B	1.44B	1.3B	2.14B	1.82B	1.67B	1.49B
Long-Term Investments	0	0	696.16M	0	0	16.1M	73.3M	44.5M	33.3M
Other Non-Current Assets	0	98.3M	696.16M	155.4M	196.8M	219.4M	60.7M	55.9M	58.7M
Total Assets+	25K	25K	697.34M	4.66B	5.07B	6.94B	7.1B	8B	9.13B
Asset Turnover	157740.00x	155176.00x	6.15x	0.95x	0.86x	0.72x	0.80x	0.86x	0.88x
Asset Growth %	-	0%	27892.56%	5.68%	0.09%	0.37%	0.02%	0.13%	0.14%
Total Current Liabilities+	0	1.28K	1.28M	30.75M	1.74B	1.85B	1.9B	2.31B	3.1B
Accounts Payable	0	1.28K	1.18M	6.6M	730.5M	858.5M	984M	986.4M	1.32B
Days Payables Outstanding	-	0	0.15	0.78	88.13	86.57	83.7	77.53	91.36
Short-Term Debt	0	0	0	35M	64.3M	63.9M	67M	64.7M	21M
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	1.28K	1.18M	486.6M	553.8M	494.5M	335.9M	403.5M	419.1M
Current Ratio	-	19.59x	0.92x	65.60x	1.45x	1.45x	1.66x	1.74x	1.65x
Quick Ratio	-	-316673.20x	0.92x	52.56x	1.19x	1.12x	1.23x	1.35x	1.25x
Cash Conversion Cycle	-	57.47	-	146.18	78.86	87.78	107.35	108.19	102.64
Total Non-Current Liabilities+	0	0	24.15M	3.84B	2.82B	3.67B	3.76B	3.68B	3.6B
Long-Term Debt	0	3.16B	0	3.47B	2.13B	2.95B	3.17B	2.92B	2.91B
Capital Lease Obligations	0	0	0	78.2M	107.3M	113.6M	132M	142.6M	171.4M
Deferred Tax Liabilities	0	0	0	0	116.5M	198.8M	176.5M	159.5M	240.3M
Other Non-Current Liabilities	0	0	24.15M	131M	427M	344.3M	228.8M	395.2M	191M
Total Liabilities	0	1.28K	25.43M	5.36B	4.56B	5.52B	5.65B	5.98B	6.7B
Total Debt+	0	0	0	3.58B	2.3B	3.13B	3.37B	3.13B	3.15B
Net Debt	0	0	-835.54K	3.35B	1.76B	2.68B	3.09B	2.34B	1.91B
Debt / Equity	-	-	-	-	4.50x	2.21x	2.34x	1.55x	1.29x
Debt / EBITDA	-	-	-	8.41x	4.27x	6.30x	6.42x	2.65x	1.90x
Net Debt / EBITDA	-	-	-0.13x	7.86x	3.26x	5.40x	5.90x	1.98x	1.16x
Interest Coverage	-	-	-	0.72x	2.24x	2.97x	1.51x	4.14x	9.17x
Total Equity+	25K	23.72K	671.91M	-704.8M	512.1M	1.42B	1.44B	2.01B	2.43B
Equity Growth %	-	-0.05%	28321.02%	-2.05%	1.73%	1.77%	0.02%	0.4%	0.21%
Book Value per Share	0.00	0.00	7.79	-5.96	1.67	3.99	3.81	5.22	6.30
Total Shareholders' Equity	25K	23.72K	671.91M	678.3M	512.1M	1.42B	1.44B	2.01B	2.43B
Common Stock	1.73K	1.73K	666.91M	673.3M	0	0	0	0	0
Retained Earnings	-303.42K	-304.69K	4.73M	5M	-1.33B	-1.22B	-1.14B	-691.9M	-238.3M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	18.1M	51.5M	35.6M	-46.2M	-4.5M	-148.8M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-25K	-49.6M	-710.39K	9.72M	208.9M	210.9M	-152.8M	900.5M	1.32B
Operating CF Margin %	-0%	-0.01%	-0%	0%	0.05%	0.04%	-0.03%	0.13%	0.16%
Operating CF Growth %	-	-1983%	0.99%	14.69%	20.48%	0.01%	-1.72%	6.89%	0.47%
Net Income	-303.42K	-1.28K	5.03M	4.39M	-327.3M	119.6M	76.6M	460.2M	495.8M
Depreciation & Amortization	160.6M	396.3M	242.5M	202.9M	203.1M	227M	302.4M	271M	277M
Stock-Based Compensation	0	0	0	0	13M	23.2M	24.7M	25M	34.6M
Deferred Taxes	0	0	0	-13.8M	19.9M	-121.3M	-8.6M	-131.6M	-54.5M
Other Non-Cash Items	-160.6M	-445.9M	-247.38M	-189.1M	361M	95.2M	-98.7M	209.2M	452.3M
Working Capital Changes	278.42K	1.28K	-858K	5.33M	-60.8M	-132.8M	-449.2M	66.7M	114.1M
Change in Receivables	-25K	0	-1.25M	360.23K	-114.8M	-117.4M	-368M	-277.2M	-280.3M
Change in Inventory	0	0	0	85.5M	-38.5M	-125.7M	-211.4M	-54M	-369.3M
Change in Payables	0	1.28K	642.93K	5.42M	78.2M	105.1M	132.8M	-17.7M	343.1M
Cash from Investing+	-30.2M	1.06B	-690M	-65.3M	-45.7M	-1.22B	-112.1M	-139.1M	-201.7M
Capital Expenditures	-34M	-36.7M	-64.6M	-70.3M	-52.7M	-84.6M	-111M	-134.6M	-184.1M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	3.8M	1.09B	64.6M	0	0	9.8M	3.9M	12.4M	0
Cash from Financing+	25K	-874.1M	691.55M	2M	140.7M	914.9M	100.2M	-247.5M	-652.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-1.02B	-4.88M	-360.23B	-3.3M	-3.8M	-3.8M	-9.5M	-42.2M
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	-82.6M	-254.47M	360.21B	1.98B	-21.1M	-117.7M	-3.3M	11.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-25K	-86.3M	4.17M	9.72M	156.2M	126.3M	-263.8M	765.9M	1.14B
FCF Margin %	-0%	-0.02%	0%	0%	0.04%	0.03%	-0.05%	0.11%	0.14%
FCF Growth %	-	-3451%	1.05%	1.33%	15.06%	-0.19%	-3.09%	3.9%	0.48%
FCF per Share	-0.00	-1.00	0.05	0.08	0.51	0.36	-0.70	1.98	2.94
FCF Conversion (FCF/Net Income)	0.08x	38871.47x	-0.14x	-0.07x	-0.64x	1.76x	-1.99x	1.96x	2.66x
Interest Paid	0	0	0	0	167M	75.1M	132.8M	176.7M	155.5M
Taxes Paid	0	0	0	0	64.7M	97.3M	104.6M	153M	272.5M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1213.67%	-5.24%	1.5%	-	-63.91%	12.4%	5.36%	26.63%	22.29%
Return on Invested Capital (ROIC)	-910.25%	185021.76%	-0.23%	10.1%	10.28%	6.34%	3.86%	15.3%	23.77%
Gross Margin	35.78%	33.84%	33.14%	29.87%	30.77%	27.58%	24.6%	32.33%	34.36%
Net Margin	-0.01%	0%	0.12%	-3.18%	-7.49%	2.39%	1.35%	6.71%	6.19%
Debt / Equity	-	-	-	-	4.50x	2.21x	2.34x	1.55x	1.29x
Interest Coverage	-	-	-	0.72x	2.24x	2.97x	1.51x	4.14x	9.17x
FCF Conversion	0.08x	38871.47x	-0.14x	-0.07x	-0.64x	1.76x	-1.99x	1.96x	2.66x
Revenue Growth	-	-1.63%	10.47%	3.4%	-1.37%	14.36%	13.87%	20.59%	16.74%

Revenue by Segment

	2020	2021	2022	2023	2024
Product	3.31B	3.85B	4.34B	5.41B	6.39B
Product Growth	-	16.49%	12.47%	24.70%	18.26%
Service	1.06B	1.14B	1.36B	1.46B	1.62B
Service Growth	-	7.70%	18.59%	7.44%	11.06%

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	-	-	-	3.89B	4.56B
Americas Growth	-	-	-	-	17.41%
EMEA	-	-	-	1.73B	2.32B
EMEA Growth	-	-	-	-	33.77%
Asia Pacific	-	-	-	1.62B	1.88B
Asia Pacific Growth	-	-	-	-	16.24%
United States And Canada	1.86B	1.98B	2.55B	-	-
United States And Canada Growth	-	6.31%	29.00%	-	-
Asia	1.37B	1.56B	1.53B	-	-
Asia Growth	-	13.97%	-1.56%	-	-
Europe	777M	1.01B	1.12B	-	-
Europe Growth	-	30.58%	9.96%	-	-
Latin America	180.6M	264M	308.2M	-	-
Latin America Growth	-	46.18%	16.74%	-	-
Middle East And Africa	188.8M	187.2M	186.7M	-	-
Middle East And Africa Growth	-	-0.85%	-0.27%	-	-
UNITED STATES	1.76B	-	-	-	-
UNITED STATES Growth	-	-	-	-	-
CHINA	778.5M	-	-	-	-
CHINA Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Vertiv Holdings Co (VRT) has a price-to-earnings (P/E) ratio of 134.8x. This suggests investors expect higher future growth.

Growth & Financials

Vertiv Holdings Co (VRT) reported $9.70B in revenue for fiscal year 2024. This represents a 146% increase from $3.94B in 2016.

Vertiv Holdings Co (VRT) grew revenue by 16.7% over the past year. This is strong growth.

Yes, Vertiv Holdings Co (VRT) is profitable, generating $1.03B in net income for fiscal year 2024 (6.2% net margin).

Dividend & Returns

Vertiv Holdings Co (VRT) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Vertiv Holdings Co (VRT) has a return on equity (ROE) of 22.3%. This is excellent, indicating efficient use of shareholder capital.

Vertiv Holdings Co (VRT) generated $1.37B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.