Vertiv Holdings Co (VRT) quarterly cash flow statement — complete operating, investing & financing history
Vertiv Holdings Co (VRT) cash flow statement — 10-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.1B | 766.8M | 978.9M | 508.7M | 322.9M | 303.3M | 425.2M | 375.1M | 381.5M | 137.5M | 356.2M | 248.7M | 253.6M | 42M | 180.7M | 4.4M | -205.7M | -132.2M | 36.5M | 54.4M |
| Operating CF Margin % | 33.59% | 28.94% | 33.99% | 19.01% | 12.24% | 14.9% | 18.12% | 18.09% | 19.54% | 8.39% | 19.1% | 14.27% | 14.62% | 2.76% | 10.92% | 0.3% | -14.7% | -11.43% | 2.59% | 4.43% |
| Operating CF Growth % | 240.6% | 152.82% | 130.22% | 35.62% | -15.36% | 120.58% | 19.37% | 50.82% | 50.43% | 227.38% | 97.12% | 5552.27% | 223.29% | 131.77% | 395.07% | -91.91% | -446.88% | -317.79% | -81.23% | -60.03% |
| Net Income | 497.8M | 390.1M | 445.6M | 398.5M | 324.2M | 164.5M | 147M | 176.6M | 178.1M | -5.9M | 232.6M | 94.1M | 83.2M | 50.3M | 26.6M | 21.2M | 20.3M | 8.5M | 22M | 56.2M |
| Depreciation & Amortization | 115.8M | 107.7M | 88.3M | -74M | 73.3M | 71.6M | 71M | 68.9M | 68.4M | 68.7M | 68.9M | 68.2M | 67.3M | 66.6M | 70.5M | 75.7M | 77M | 79.2M | 69.9M | 51.4M |
| Stock-Based Compensation | 13.8M | 17M | 7.2M | 14.2M | 13.3M | 11.2M | 8.8M | 8.1M | 8.5M | 9.2M | 6.2M | 6.5M | 6.8M | 5.5M | 4.6M | 6.3M | 7.2M | 6.6M | 5.7M | 5.7M |
| Deferred Taxes | 2.1M | -28.2M | -69.6M | 69.1M | -10.2M | 33.3M | -1.4M | -50.3M | 4.8M | -7.6M | -130.9M | -2.3M | -1.8M | 3.4M | 13.4M | -12.8M | -4.6M | -4.6M | -102.3M | 1.7M |
| Other Non-Cash Items | 19.3M | 52.4M | 27.4M | 5.7M | 12.7M | 27.5M | 154.9M | 99M | 25.6M | 172.8M | 94.9M | 64.5M | 46.7M | 3.1M | 66.8M | -15.8M | -43.9M | -105.8M | 14M | -26.7M |
| Working Capital Changes | 451M | 227.8M | 480M | 95.2M | -90.4M | -4.8M | 44.9M | 72.8M | 96.1M | -99.7M | 84.5M | 17.7M | 51.4M | -86.9M | -1.2M | -70.2M | -261.7M | -116.1M | 27.2M | -33.9M |
| Change in Receivables | -586.5M | -57.7M | -207.7M | 41M | -462.4M | 81.6M | -89.9M | -75.3M | -125M | 9.9M | -135.8M | 130.4M | -184.2M | -90.1M | -118.8M | -87.2M | -165M | -4.8M | -49.6M | -39.4M |
| Change in Inventory | -663.8M | -384.2M | -21.6M | -5.6M | -8.9M | -128.6M | -4.5M | -140.7M | -117.6M | -106.5M | 47.5M | -5M | -17M | -79.5M | -9.1M | -15.2M | -26.7M | -160.4M | 22M | -40.4M |
| Change in Payables | 482.5M | 202.8M | 19.1M | 92.6M | 183M | 86.5M | 84.2M | 128.6M | 120.5M | 9.8M | 27.2M | -8.3M | 25.7M | -62.3M | 90.6M | 21.6M | -12.4M | 33M | 42M | 12.2M |
| Cash from Investing | -404M | -376.7M | -608.1M | -709.9M | -144M | -38.8M | -81M | -39.2M | -45M | -36.5M | -68M | -27.4M | -26.3M | -17.4M | -37.4M | -24.8M | -31.7M | -18.2M | -1.17B | -10.9M |
| Capital Expenditures | -174.5M | -114M | -95M | -42M | -45.9M | -38.8M | -63.4M | -39.2M | -45M | -36.5M | -51.1M | -27.4M | -26.3M | -29.8M | -41.3M | -24.8M | -26.7M | -18.2M | -31.8M | -17M |
| CapEx % of Revenue | 5.33% | 4.3% | 3.3% | 1.57% | 1.74% | 1.91% | 2.7% | 1.89% | 2.3% | 2.23% | 2.74% | 1.57% | 1.52% | 1.96% | 2.5% | 1.67% | 1.91% | 1.57% | 2.25% | 1.38% |
| Acquisitions | -282.8M | -14.3M | -963.1M | -221.7M | 0 | 0 | -17.6M | 0 | 0 | 0 | -16.9M | 0 | 0 | 12.4M | 3.9M | 0 | -5M | 0 | -1.14B | 6.1M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 450M | 93.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -14.9M | 11.9M | -28M | -11.4M | -8M | -24.9M | -11.7M | -13.7M | -23.6M | -603.1M | -10.8M | 7.2M | -225.1M | -18.8M | -144.5M | 91.2M | 155M | -1.5M | 828.4M | -5.2M |
| Debt Issued (Net) | 0 | 23.9M | -5.2M | -5.2M | -5.2M | -5.3M | -5.2M | -5.3M | -5.3M | -5.3M | -5.3M | -5.4M | -230.5M | -20.9M | -67.4M | 104M | 171.7M | 10.3M | 844.6M | -5.5M |
| Equity Issued (Net) | 20.6M | 23.5M | 4.4M | 9M | 11.7M | 1.3M | 599.9M | 1.4M | 9.2M | -585.5M | 4.5M | 12.9M | 7.8M | 2.2M | 1.8M | 200K | 100K | 1M | 1.5M | 2.6M |
| Dividends Paid | -23.9M | -23.9M | -24M | -14.2M | -14.2M | -14.2M | -14.1M | -9.4M | -9.4M | -9.3M | -9.5M | 0 | 0 | 0 | -3.8M | 0 | 0 | 0 | -3.8M | 0 |
| Share Repurchases | 0 | 0 | 0 | -13M | 13M | 0 | 591.9M | 0 | 0 | -599.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -11.6M | -11.6M | -3.2M | -1M | -300K | -6.7M | -592.3M | -400K | -18.1M | -3M | -500K | -300K | -2.4M | -100K | -75.1M | -13M | -16.8M | -12.8M | -13.9M | -2.3M |
| Net Change in Cash | 684.4M | 401.4M | 345.6M | -211.8M | 179.9M | 243.9M | 314.8M | 329.7M | 307.2M | -508.1M | 283.6M | 224.8M | -600K | 7.6M | 4.5M | 63.4M | -91.2M | -150.6M | -304.5M | 34.8M |
| Free Cash Flow | 925.3M | 652.8M | 883.9M | 466.7M | 277M | 264.5M | 361.8M | 335.9M | 336.5M | 101M | 305.1M | 221.3M | 227.3M | 12.2M | 139.4M | -20.4M | -232.4M | -150.4M | 4.7M | 37.4M |
| FCF Margin % | 28.26% | 24.64% | 30.69% | 17.44% | 10.5% | 12.99% | 15.42% | 16.2% | 17.23% | 6.16% | 16.36% | 12.7% | 13.11% | 0.8% | 8.43% | -1.38% | -16.61% | -13.01% | 0.33% | 3.04% |
| FCF Growth % | 234.04% | 146.81% | 144.31% | 38.94% | -17.68% | 161.88% | 18.58% | 51.78% | 48.04% | 727.87% | 118.87% | 1184.8% | 197.81% | 108.11% | 2865.96% | -154.55% | -661.35% | -451.4% | -97.2% | -71.08% |
| FCF per Share | 2.36 | 1.66 | 2.26 | 1.20 | 0.71 | 0.68 | 0.94 | 0.87 | 0.88 | 0.27 | 0.78 | 0.57 | 0.59 | 0.03 | 0.37 | -0.05 | -0.62 | -0.40 | 0.01 | 0.10 |
| FCF Conversion (FCF/Net Income) | 2.21x | 1.97x | 2.20x | 1.28x | 1.00x | 1.84x | 2.89x | 2.12x | 2.14x | -23.31x | 1.53x | 2.64x | 3.05x | 0.83x | 6.79x | 0.21x | -10.13x | -15.55x | 1.66x | 0.97x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |