Upside case
Bull case
$183-49.0%
The bull case prices VRT at 29x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated May 1, 2026
Vertiv Holdings Co (VRT) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
19
analysts
18 bullish · 0 bearish · 19 covering VRT
Strong Buy
0
Buy
18
Hold
1
Sell
0
Strong Sell
0
Consensus Target
$328
-8.7% vs today
Scenario Range
$11 – $183
Model bear to bull value window
Coverage
19
Published analyst ratings
Valuation Context
55.9x
Forward P/E · Market cap $137.9B
VRT price targets
Three scenarios for where VRT stock could go
Current
~$359
Confidence
70 / 100
Updated
May 1, 2026
Where we are now
Current · $359
Bear
$11
Base
$359
Bull
$183
Market caseClosest to today
Base case
$359+0.0%
This is close to how the market is already pricing VRT — at roughly 56x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$11-96.9%
If investor confidence fades or macro conditions deteriorate, a 54x multiple contraction could push VRT down roughly 97% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Vertiv Holdings Co
VRT · NYSEIndustrialsElectrical Equipment & PartsDecember year-end
Vertiv is a provider of critical digital infrastructure technologies and services for data centers, communication networks, and commercial/industrial environments. It generates revenue primarily from power management products (~50% of sales), thermal management solutions (~30%), and integrated rack systems and services (~20%). The company's moat lies in its comprehensive portfolio of mission-critical infrastructure solutions—spanning power, cooling, and management—and its deep integration with major hyperscale data center operators.
Market Cap
$137.9B
Revenue TTM
$10.8B
Net Income TTM
$1.6B
Net Margin
14.4%
VRT Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+18.1%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.95/$0.83
Revenue
$2.6B/$2.4B
Q4 2025
EPS
$1.24/$0.98
Revenue
$2.7B/$2.6B
Q1 2026
EPS
$1.36/$1.29
Revenue
$2.9B/$2.9B
Q2 2026
EPS
$1.17/$1.00
Revenue
$2.6B/$2.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.95/$0.83 | +14.2% | $2.6B/$2.4B | +12.1% |
| Q4 2025 | $1.24/$0.98 | +26.0% | $2.7B/$2.6B | +3.8% |
| Q1 2026 | $1.36/$1.29 | +5.4% | $2.9B/$2.9B | +0.1% |
| Q2 2026 | $1.17/$1.00 | +17.0% | $2.6B/$2.6B | +0.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$13.6B
+25.6% YoY
FY2
$16.9B
+24.4% YoY
EPS Outlook
FY1
$5.67
+42.7% YoY
FY2
$7.09
+25.0% YoY
Trailing FCF (TTM)$2.3B
FCF Margin: 21.3%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
VRT beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
VRT Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $10.2B
Product Mix
Latest annual revenue by segment or product family
Product
82.0%
+31.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Americas Segment
58.0%
+40.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Product is the largest disclosed segment at 82.0% of FY 2025 revenue, up 31.2% YoY.
Americas Segment is the largest reported region at 58.0%, up 40.8% YoY.
VRT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Overvalued
Fair value est. $158 — implies -51.9% from today's price.
Premium to Fair Value
51.9%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
VRT
105.3x
vs
S&P 500
25.2x
+317% premium
vs Industrials Trailing P/E
VRT
105.3x
vs
Industrials
25.9x
+307% premium
vs VRT 5Y Avg P/E
Today
105.3x
vs
5Y Average
62.5x
+68% premium
Forward PE
55.9x
S&P 500
19.1x
+193%
Industrials
20.8x
+169%
5Y Avg
—
—
Trailing PE
105.3x
S&P 500
25.2x
+317%
Industrials
25.9x
+307%
5Y Avg
62.5x
+68%
PEG Ratio
—
S&P 500
1.75x
—
Industrials
1.59x
—
5Y Avg
—
—
EV/EBITDA
63.3x
S&P 500
15.3x
+315%
Industrials
13.9x
+355%
5Y Avg
22.8x
+177%
Price/FCF
72.8x
S&P 500
21.3x
+241%
Industrials
20.6x
+253%
5Y Avg
41.6x
+75%
Price/Sales
13.5x
S&P 500
3.1x
+330%
Industrials
1.6x
+748%
5Y Avg
3.4x
+295%
Dividend Yield
0.05%
S&P 500
1.88%
-97%
Industrials
1.24%
-96%
5Y Avg
0.07%
-36%
| Metric | VRT | S&P 500 | Industrials | 5Y Avg VRT |
|---|---|---|---|---|
| Forward PE | 55.9x | 19.1x+193% | 20.8x+169% | — |
| Trailing PE | 105.3x | 25.2x+317% | 25.9x+307% | 62.5x+68% |
| PEG Ratio | — | 1.75x | 1.59x | — |
| EV/EBITDA | 63.3x | 15.3x+315% | 13.9x+355% | 22.8x+177% |
| Price/FCF | 72.8x | 21.3x+241% | 20.6x+253% | 41.6x+75% |
| Price/Sales | 13.5x | 3.1x+330% | 1.6x+748% | 3.4x+295% |
| Dividend Yield | 0.05% | 1.88% | 1.24% | 0.07% |
VRT trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolVRT Financial Health
Verdict
Exceptional
VRT generates $2.3B in free cash flow at a 21.3% margin — 28.1% ROIC signals a durable competitive advantage.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$10.8B
Revenue Growth
TTM vs prior year
+29.0%
Gross Margin
Gross profit as a share of revenue
36.2%
Operating Margin
Operating income divided by revenue
18.5%
Net Margin
Net income divided by revenue
14.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.97
Free Cash Flow (TTM)
Cash generation after capex
$2.3B
FCF Margin
FCF as share of revenue — the primary cash quality signal
21.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
28.1%
ROA
Return on assets, trailing twelve months
13.3%
Cash & Equivalents
Liquid assets on the balance sheet
$1.7B
Net Debt
Total debt minus cash
$1.7B
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.7× FCF
~0.7 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
42.1%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
0.0%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.17
Payout Ratio
Share of earnings distributed as dividends
5.0%
Shares Outstanding
Current diluted share count
384M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageVRT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Share Price Volatility
Resales of Vertiv’s securities could trigger a significant drop in its stock price, even if the underlying business remains strong. This volatility can erode investor confidence and impact market liquidity.
High Risk
Competitive Threats
Amazon’s entry into the cooling technology market directly challenges Vertiv’s core product lines. The new entrant’s scale and brand could erode market share and pressure pricing.
High Risk
Tariffs & Trade Policies
Tariff headwinds have compressed operating margins and introduce cost volatility. Changes in trade policies can further increase expenses or restrict market access.
Medium
Capital Markets Access
Vertiv’s ability to fund acquisitions and refinance debt depends on stable capital markets. Volatility could raise borrowing costs or limit access to necessary capital.
Medium
Goodwill & Intangible Assets
Failure to realize the full value of goodwill and intangible assets could negatively affect operating results. Impairments would reduce reported earnings.
Medium
Debt & Financing
Interest rate fluctuations expose Vertiv to higher borrowing costs, as its credit facilities carry variable rates. Rising rates could squeeze net income.
Lower
Valuation Multiples
The company trades at elevated P/E, P/S, and P/B ratios, limiting upside potential. A market correction could compress these multiples.
Lower
Beta‑Driven Volatility
Vertiv’s high beta indicates greater sensitivity to overall market swings, potentially amplifying declines during broad sell‑offs.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why VRT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
AI Infrastructure Demand Surge
Vertiv supplies power and liquid cooling for AI data centers, which are becoming increasingly power‑hungry. Major tech firms are ramping up capital expenditures on AI infrastructure, creating substantial demand for Vertiv’s products and services.
$15B Order Backlog, 109% YoY Growth
The company’s order backlog has grown to $15 billion, up 109% year‑over‑year, providing clear visibility into future revenue and growth.
Revenue & Earnings Growth 2025-26
Revenue rose 27.69% in 2025, while earnings grew 168.82%. Analysts project adjusted diluted EPS to grow 42%–45% in 2026.
NVIDIA Partnership & CoolTera Acquisition
Vertiv’s partnership with NVIDIA on next‑generation AI reference designs positions it at the forefront of AI deployments. The acquisition of CoolTera Ltd. has bolstered its liquid cooling capabilities.
Margin Expansion via Service Focus
Vertiv is focusing on higher‑margin services and improving product mix and operational efficiency, which could drive margin expansion.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
VRT Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$358.92
52W Range Position
100%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$91.81
+290.9% from the low
52-Week High
$359.55
-0.2% from the high
1 Month
+38.72%
3 Month
+83.52%
YTD
+104.4%
1 Year
+284.0%
3Y CAGR
+187.7%
5Y CAGR
+73.5%
10Y CAGR
+43.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
VRT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
55.9x
vs 31.7x median
+77% above peer median
Revenue Growth
+25.6%
vs +6.5% median
+296% above peer median
Net Margin
14.4%
vs 14.0% median
+3% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
VRT VRT Vertiv Holdings Co | $137.9B | 55.9x | +25.6% | 14.4% | Buy | -8.7% |
ETN ETN Eaton Corporation plc | $163.5B | 31.7x | +9.1% | 14.0% | Buy | -9.9% |
IR IR Ingersoll Rand Inc. | $30.8B | 22.4x | +6.5% | 7.5% | Buy | +26.5% |
RBC RBC RBC Bearings Incorporated | $20.4B | 51.3x | +10.1% | 15.0% | Buy | -8.1% |
ACL ACLS Axcelis Technologies, Inc. | $5.5B | 46.9x | -6.2% | 14.3% | Buy | -25.1% |
EMR EMR Emerson Electric Co. | $83.2B | 22.8x | +3.8% | 13.3% | Buy | +9.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
VRT Dividend and Capital Return
VRT does not currently return meaningful capital to shareholders.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.05%
Payout Ratio
5.0%
How VRT Splits Its Return
Div 0.05%
Dividend 0.05%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.17
Growth Streak
Consecutive years of dividend increases
3Y
3Y Div CAGR
159.6%
5Y Div CAGR
77.3%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
384M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.06 | — | — | — |
| 2025 | $0.17 | +55.6% | 0.0% | 0.1% |
| 2024 | $0.11 | +350.0% | 1.4% | 1.5% |
| 2023 | $0.03 | +150.0% | 0.0% | 0.1% |
| 2022 | $0.01 | 0.0% | 0.0% | 0.1% |
FAQ
7 questionsVRT Investor Questions
Common questions answered from live analyst data and company financials.
01Is Vertiv Holdings Co (VRT) stock a buy or sell in 2026?
Vertiv Holdings Co (VRT) is rated Buy by Wall Street analysts as of 2026. Of 19 analysts covering the stock, 18 rate it Buy or Strong Buy, 1 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $328, implying -8.7% from the current price of $359. The bear case scenario is $11 and the bull case is $183.
02What is the VRT stock price target for 2026?
The Wall Street consensus price target for VRT is $328 based on 19 analyst estimates. The high-end target is $356 (-0.8% from today), and the low-end target is $277 (-22.8%). The base case model target is $359.
03Is Vertiv Holdings Co (VRT) stock overvalued in 2026?
VRT trades at 55.9x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals significantly overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Vertiv Holdings Co (VRT) stock in 2026?
The primary risks for VRT in 2026 are: (1) Share Price Volatility — Resales of Vertiv’s securities could trigger a significant drop in its stock price, even if the underlying business remains strong. (2) Competitive Threats — Amazon’s entry into the cooling technology market directly challenges Vertiv’s core product lines. (3) Tariffs & Trade Policies — Tariff headwinds have compressed operating margins and introduce cost volatility. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Vertiv Holdings Co's revenue and earnings forecast?
Analyst consensus estimates VRT will report consensus revenue of $13.6B (+25.6% year-over-year) and EPS of $5.67 (+42.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $16.9B in revenue.
06When does Vertiv Holdings Co (VRT) report its next earnings?
A confirmed upcoming earnings date for VRT is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Vertiv Holdings Co generate?
Vertiv Holdings Co (VRT) generated $2.3B in free cash flow over the trailing twelve months — a free cash flow margin of 21.3%. VRT returns capital to shareholders through dividends (0.0% yield) and share repurchases ($0 TTM).