balance equationreview2019-12-31
Difference 673301313 exceeds tolerance 4657400.000. Presentation or filing-vintage differences need review.
Revenue
$10.23B
Fiscal year ended 2025-12-31Operating income
$1.83B
Fiscal year ended 2025-12-31Free cash flow
$1.89B
Fiscal year ended 2025-12-31Vertiv Holdings Co (VRT) reported revenue of $10.23B and net income of $1.33B for the fiscal year ended 2025-12-31. This page shows 9 annual periods of income statement, balance sheet and cash flow figures normalized from Vertiv Holdings Co’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Electronic Components, NEC.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.23B | $8.01B | $6.86B | $5.69B | $5.00B | $4.37B | $4.43B | $4.29B | $0 |
| Cost of revenue | $6.51B | $5.08B | $4.46B | $4.08B | $3.48B | $2.90B | $2.98B | $2.87B | Unavailable |
| Gross profit | $3.72B | $2.93B | $2.40B | $1.62B | $1.52B | $1.47B | $1.45B | $1.42B | Unavailable |
| Operating income | $1.83B | $1.37B | $872.20M | $223.40M | $259.90M | $213.50M | $206.10M | Unavailable | Unavailable |
| Net income | $1.33B | $495.80M | $460.20M | $76.60M | $119.60M | -$327.30M | -$140.80M | -$314.00M | -$1.28K |
| Research & development | $441.70M | $367.60M | $303.50M | $282.00M | $266.40M | $228.60M | $229.40M | $198.30M | Unavailable |
| Weighted-average diluted shares | shares 390.65M | shares 386.33M | shares 386.23M | shares 378.22M | shares 360.14M | shares 307.08M | shares 118.26M | shares 118.26M | Unavailable |
| Pretax income | $1.74B | $765.40M | $533.70M | $167.00M | $166.20M | -$254.60M | -$104.30M | -$271.00M | -$1.28K |
| Income tax expense | $409.10M | $269.60M | $73.50M | $90.40M | $46.60M | $72.70M | $36.50M | $49.90M | $0 |
| Diluted EPS | $3.41 | $1.28 | $1.19 | $-0.04 | $0.33 | $-1.07 | $-1.19 | $-2.65 | Unavailable |
| Selling, general & administrative | $1.62B | $1.37B | $1.31B | $1.18B | $1.11B | $1.01B | $1.10B | $1.22B | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $7.74M | $1.04M | $1.28K |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.73B | $1.23B | $780.40M | $260.60M | $439.10M | $534.60M | $223.50M | $215.10M | Unavailable |
| Total assets | $12.21B | $9.13B | $8.00B | $7.10B | $6.94B | $5.07B | $4.66B | $697.34M | $25.00K |
| Current assets | $6.82B | $5.10B | $4.00B | $3.16B | $2.70B | $2.52B | $2.02B | $1.18M | $25.00K |
| Total liabilities | $8.27B | $6.70B | $5.98B | $5.65B | $5.52B | $4.56B | $5.36B | $25.43M | $1.28K |
| Current liabilities | $4.41B | $3.10B | $2.31B | $1.90B | $1.85B | $1.74B | $1.52B | $1.28M | $1.28K |
| Total equity incl. NCI | $3.94B | $2.43B | $2.01B | $1.44B | $1.42B | $512.10M | -$704.80M | -$540.30M | -$129.60M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $673.30M | $666.91M | Unavailable |
| Inventory | $1.46B | $1.24B | $884.30M | $822.00M | $616.30M | $446.60M | $401.00M | Unavailable | Unavailable |
| Accounts receivable | $3.11B | $2.36B | $2.12B | $1.89B | $1.54B | $1.35B | $1.21B | Unavailable | Unavailable |
| Goodwill | $2.03B | $1.32B | $1.33B | $1.28B | $1.33B | $607.20M | $605.80M | $634.00M | Unavailable |
| Long-term debt | $2.89B | $2.91B | $2.92B | $3.17B | $2.95B | $2.13B | $3.47B | Unavailable | Unavailable |
| Accounts payable | $1.76B | $1.32B | $986.40M | $984.00M | $858.50M | $730.50M | $636.80M | $644.21K | $1.28K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.11B | $1.32B | $900.50M | -$152.80M | $210.90M | $208.90M | $57.50M | -$221.90M | Unavailable |
| Capital expenditures | $220.00M | $167.00M | $127.90M | $100.00M | $73.40M | $44.40M | $47.60M | $64.60M | Unavailable |
| Investing cash flow | -$1.50B | -$201.70M | -$139.10M | -$112.10M | -$1.22B | -$45.70M | -$65.30M | -$207.70M | Unavailable |
| Financing cash flow | -$72.30M | -$652.10M | -$247.50M | $100.20M | $914.90M | $140.70M | $14.80M | $245.10M | Unavailable |
| Net change in cash | $557.60M | $443.60M | $515.40M | -$173.90M | -$95.50M | $308.90M | $8.40M | -$172.90M | Unavailable |
| Stock-based compensation | $45.90M | $34.60M | $25.00M | $24.70M | $23.20M | $13.00M | $0 | $0 | Unavailable |
| Common dividends paid | $66.60M | $42.20M | $9.50M | $3.80M | $3.80M | $3.30M | $0 | $0 | Unavailable |
| Common share repurchases | $0 | $599.90M | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $308.60M | $277.00M | $271.00M | $302.40M | $227.00M | $203.10M | $202.90M | $217.00M | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $1.89B | $1.15B | $772.60M | -$252.80M | $137.50M | $164.50M | $9.90M | -$286.50M | Unavailable |
| Gross margin | 36.3% | 36.6% | 35.0% | 28.4% | 30.5% | 33.7% | 32.8% | 33.1% | Unavailable |
| Operating margin | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% | 4.9% | 4.7% | Unavailable | Unavailable |
| FCF margin | 18.5% | 14.4% | 11.3% | -4.4% | 2.8% | 3.8% | 0.2% | -6.7% | Unavailable |
| SBC / revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% | 0.3% | 0.0% | 0.0% | Unavailable |
| Current ratio | 1.55x | 1.65x | 1.74x | 1.66x | 1.45x | 1.45x | 1.33x | 0.92x | 19.59x |
| Revenue YoY growth | 27.7% | 16.7% | 20.6% | 13.9% | 14.4% | -1.4% | 3.4% | Unavailable | Unavailable |
| Net margin | 13.0% | 6.2% | 6.7% | 1.3% | 2.4% | -7.5% | -3.2% | -7.3% | Unavailable |
| R&D / revenue | 4.3% | 4.6% | 4.4% | 5.0% | 5.3% | 5.2% | 5.2% | 4.6% | Unavailable |
| CapEx / revenue | 2.2% | 2.1% | 1.9% | 1.8% | 1.5% | 1.0% | 1.1% | 1.5% | Unavailable |
| Long-term debt / equity | 0.73x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.5% | 35.2% | 13.8% | 54.1% | 28.0% | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VRT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-22View SEC filing
10-K · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-10-22View SEC filing
10-Q · Filed 2025-07-30View SEC filing
10-Q · Filed 2025-04-23View SEC filing
Reconciliation checks needing review
3 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2018-12-31
Difference 545300001 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2017-12-31
Difference 129623724 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.