Revenue
4.31 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 4312800000 USD Source
Fundies. English
VERTIV HOLDINGS CO
EDGARAnnual consolidated revenue for 2025: about USD 10.23B, using the latest reported figures. The previous period, 2024, was about USD 8.012B.
Latest quarter
Operating margin
22.81%
2026 Q3 · %
Operating cash flow
794 million USD
2026 Q3 · USD
Free cash flow
655 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 3.51 billion USD Source
Exact value
3512900000 USD
- Long-term debt including current maturities
- 2.93 billion USD Source
Exact value
2928500000 USD
- Shares outstanding
- 385 million shares Source
Exact value
385027873 shares
Reported share-count change
0.72% · 2.77 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
13.1 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
2.1 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Capital expenditure
518 million USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Capital expenditure: 220000000 USD · 2025-01-01 – 2025-12-31 Source
- Capital expenditure: 126700000 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 112600000 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 285900000 USD · 2026-01-01 – 2026-06-30 Source
- Capital expenditure: 112600000 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 425000000 USD · 2026-01-01 – 2026-09-30 Source
- Capital expenditure: 285900000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-28.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 9 of 11 periods available· newest 2025-12-31
- Operating income: 7 of 11 periods available· newest 2025-12-31
- Net income: 9 of 11 periods available· newest 2025-12-31
- Operating cash flow: 9 of 11 periods available· newest 2025-12-31
- Capital expenditure: 8 of 11 periods available· newest 2025-12-31
- Total assets: 9 of 11 periods available· newest 2025-12-31
- Total liabilities: 9 of 11 periods available· newest 2025-12-31
- Current assets: 9 of 11 periods available· newest 2025-12-31
- Current liabilities: 9 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 7 of 11 periods available· newest 2025-12-31
- Shares outstanding: 7 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+27.7%Prior period
USD 8.01 billion
–
Current period
USD 10.23 billion
–
Exact inputs and evidence
10229900000 − 8011800000 = 2218100000 USD
8011800000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source10229900000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+168.8%Prior period
USD 495.8 million
–
Current period
USD 1.33 billion
–
Exact inputs and evidence
1332800000 − 495800000 = 837000000 USD
495800000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1332800000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+60.2%Prior period
USD 1.32 billion
–
Current period
USD 2.11 billion
–
Exact inputs and evidence
2113800000 − 1319300000 = 794500000 USD
1319300000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source2113800000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+31.7%Prior period
USD 167 million
–
Current period
USD 220 million
–
Exact inputs and evidence
220000000 − 167000000 = 53000000 USD
167000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source220000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 10.23 billion 100% of revenue
- Cost of revenue USD 6.51 billion 64% of revenue
- Operating expenses USD 2.06 billion 20% of revenue
- Other operating costs Derived −USD 174 million −1.7% of revenue
- Operating income USD 1.83 billion 18% of revenue
- Tax, interest and other Derived USD 496.9 million 4.9% of revenue
- Net income USD 1.33 billion 13% of revenue
Cash
- Operating cash flow USD 2.11 billion 21% of revenue
- Capital expenditure USD 220 million 2.2% of revenue
- Free cash flow Derived USD 1.89 billion 19% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2017 Not shown: operating income or net income is not reported.
- 2018 Not shown: operating income or net income is not reported.
- 2019 Net loss: net income was −3.2% of revenue.
- 2020 Net loss: net income was −7.5% of revenue.
- 2021 95%
- 2022 96%
- 2023 87%
- 2024 11%83%
- 2025 13%82%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2017 2017-01-01 – 2017-12-31 | 0 | Unavailable | Unavailable | Unavailable | -1276 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 4285600000 | Unavailable | Unavailable | Unavailable | -314000000 | -286500000 Derived | Source
|
| 2019 2019-01-01 – 2019-12-31 | 4431200000 | 4225100000 Derived | 206100000 | 346900000 Derived | -140800000 | 9900000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 4370600000 | 4157100000 Derived | 213500000 | 540800000 Derived | -327300000 | 164500000 Derived | Source
|
| 2021 2021-01-01 – 2021-12-31 | 4998100000 | 4738200000 Derived | 259900000 | 140300000 Derived | 119600000 | 137500000 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 5691500000 | 5468100000 Derived | 223400000 | 146800000 Derived | 76600000 | -252800000 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 6863200000 | 5991000000 Derived | 872200000 | 412000000 Derived | 460200000 | 772600000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 8011800000 | 6644400000 Derived | 1367400000 | 871600000 Derived | 495800000 | 1152300000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 10229900000 | 8400200000 Derived | 1829700000 | 496900000 Derived | 1332800000 | 1893800000 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 10.2B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Revenue | 0 |
|
| 2018 | Revenue | 4285600000 |
|
| 2019 | Revenue | 4431200000 |
|
| 2020 | Revenue | 4370600000 |
|
| 2021 | Revenue | 4998100000 |
|
| 2022 | Revenue | 5691500000 |
|
| 2023 | Revenue | 6863200000 |
|
| 2024 | Revenue | 8011800000 |
|
| 2025 | Revenue | 10229900000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
27.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017 | Year over year | No prior comparable period |
|
| 2018 | Year over year | No prior comparable period |
|
| 2019 | Year over year | 3.4% |
|
| 2020 | Year over year | -1.4% |
|
| 2021 | Year over year | 14.4% |
|
| 2022 | Year over year | 13.9% |
|
| 2023 | Year over year | 20.6% |
|
| 2024 | Year over year | 16.7% |
|
| 2025 | Year over year | 27.7% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 17.9% 2025
Net margin 13% 2025
Free cash flow margin 18.5% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017-12-31 | Operating margin | Not reported |
|
| 2018-12-31 | Operating margin | Not reported |
|
| 2019 | Operating margin | 4.7% |
|
| 2020 | Operating margin | 4.9% |
|
| 2021 | Operating margin | 5.2% |
|
| 2022 | Operating margin | 3.9% |
|
| 2023 | Operating margin | 12.7% |
|
| 2024 | Operating margin | 17.1% |
|
| 2025 | Operating margin | 17.9% |
|
| 2017 | Net margin | Not reported |
|
| 2018 | Net margin | -7.3% |
|
| 2019 | Net margin | -3.2% |
|
| 2020 | Net margin | -7.5% |
|
| 2021 | Net margin | 2.4% |
|
| 2022 | Net margin | 1.3% |
|
| 2023 | Net margin | 6.7% |
|
| 2024 | Net margin | 6.2% |
|
| 2025 | Net margin | 13% |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | -6.7% |
|
| 2019 | Free cash flow margin | 0.2% |
|
| 2020 | Free cash flow margin | 3.8% |
|
| 2021 | Free cash flow margin | 2.8% |
|
| 2022 | Free cash flow margin | -4.4% |
|
| 2023 | Free cash flow margin | 11.3% |
|
| 2024 | Free cash flow margin | 14.4% |
|
| 2025 | Free cash flow margin | 18.5% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 2.1B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Operating cash flow | Not reported | No source recorded |
| 2018 | Operating cash flow | -221900000 |
|
| 2019 | Operating cash flow | 57500000 |
|
| 2020 | Operating cash flow | 208900000 |
|
| 2021 | Operating cash flow | 210900000 |
|
| 2022 | Operating cash flow | -152800000 |
|
| 2023 | Operating cash flow | 900500000 |
|
| 2024 | Operating cash flow | 1319300000 |
|
| 2025 | Operating cash flow | 2113800000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 1.9B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2017 | Free cash flow | Unavailable | No source recorded |
| 2018 | Free cash flow | -286500000 |
|
| 2019 | Free cash flow | 9900000 |
|
| 2020 | Free cash flow | 164500000 |
|
| 2021 | Free cash flow | 137500000 |
|
| 2022 | Free cash flow | -252800000 |
|
| 2023 | Free cash flow | 772600000 |
|
| 2024 | Free cash flow | 1152300000 |
|
| 2025 | Free cash flow | 1893800000 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
67.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017 | Liabilities / assets | 5.1% |
|
| 2018 | Liabilities / assets | 3.6% |
|
| 2019 | Liabilities / assets | 115.1% |
|
| 2020 | Liabilities / assets | 89.9% |
|
| 2021 | Liabilities / assets | 79.6% |
|
| 2022 | Liabilities / assets | 79.7% |
|
| 2023 | Liabilities / assets | 74.8% |
|
| 2024 | Liabilities / assets | 73.3% |
|
| 2025 | Liabilities / assets | 67.7% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.55× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2017 | Current assets / current liabilities | 19.59× |
|
| 2018 | Current assets / current liabilities | 0.92× |
|
| 2019 | Current assets / current liabilities | 1.33× |
|
| 2020 | Current assets / current liabilities | 1.45× |
|
| 2021 | Current assets / current liabilities | 1.45× |
|
| 2022 | Current assets / current liabilities | 1.66× |
|
| 2023 | Current assets / current liabilities | 1.74× |
|
| 2024 | Current assets / current liabilities | 1.65× |
|
| 2025 | Current assets / current liabilities | 1.55× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | Unavailable Not reported for this period. | −USD 25,000 Exact valueExact value: -25000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | −USD 1,276 Exact valueExact value: -1276 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Operating cash flow + Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | −USD 314 million Exact valueExact value: -314000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 221.9 million Exact valueExact value: -221900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 64.6 million Exact valueExact value: 64600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 286.5 million Calculation and evidence-221900000 − 64600000 USD Exact free cash flow: -286500000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2019 2019-01-01 – 2019-12-31 | −USD 140.8 million Exact valueExact value: -140800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 57.5 million Exact valueExact value: 57500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 47.6 million Exact valueExact value: 47600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 9.9 million Calculation and evidence57500000 − 47600000 USD Exact free cash flow: 9900000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2020 2020-01-01 – 2020-12-31 | −USD 327.3 million Exact valueExact value: -327300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 208.9 million Exact valueExact value: 208900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 44.4 million Exact valueExact value: 44400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 164.5 million Calculation and evidence208900000 − 44400000 USD Exact free cash flow: 164500000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2021 2021-01-01 – 2021-12-31 | USD 119.6 million Exact valueExact value: 119600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 210.9 million Exact valueExact value: 210900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 73.4 million Exact valueExact value: 73400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 137.5 million Calculation and evidence210900000 − 73400000 USD Exact free cash flow: 137500000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2022 2022-01-01 – 2022-12-31 | USD 76.6 million Exact valueExact value: 76600000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 152.8 million Exact valueExact value: -152800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 100 million Exact valueExact value: 100000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 252.8 million Calculation and evidence-152800000 − 100000000 USD Exact free cash flow: -252800000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2023 2023-01-01 – 2023-12-31 | USD 460.2 million Exact valueExact value: 460200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 900.5 million Exact valueExact value: 900500000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 127.9 million Exact valueExact value: 127900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 772.6 million Calculation and evidence900500000 − 127900000 USD Exact free cash flow: 772600000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | USD 495.8 million Exact valueExact value: 495800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.32 billion Exact valueExact value: 1319300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 167 million Exact valueExact value: 167000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.15 billion Calculation and evidence1319300000 − 167000000 USD Exact free cash flow: 1152300000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | USD 1.33 billion Exact valueExact value: 1332800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.11 billion Exact valueExact value: 2113800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 220 million Exact valueExact value: 220000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.89 billion Calculation and evidence2113800000 − 220000000 USD Exact free cash flow: 1893800000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
45 filings · 9,542 latest values · 9,359 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001674101, 1674101, GSAH, VRT, edgar:1674101
Also known as GS ACQUISITION HOLDINGS CORP, GS Acquisition Holdings Corp, VERTIV HOLDINGS CO, Vertiv Holdings Co