Vertiv Holdings Co financials

Key figures from Vertiv Holdings Co's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricSep 2026Sep 2025Change
Revenue$4.3B$2.7B+61.2%
Net income$765M$399M+91.8%
Free cash flow$655M$438M+49.7%
Gross margin38.1%37.8%+0.3 pts
Operating margin22.8%19.3%+3.5 pts
Net margin17.7%14.9%+2.8 pts

Quarterly trend

Revenue by quarter
$1.9BDec 2023*$1.6BMar 2024$2.0BJun 2024$2.1BSep 2024$2.3BDec 2024*$2.0BMar 2025$2.6BJun 2025$2.7BSep 2025$2.9BDec 2025*$2.6BMar 2026$3.3BJun 2026$4.3BSep 2026
Net income by quarter
$233MDec 2023*-$6MMar 2024$178MJun 2024$177MSep 2024$147MDec 2024*$165MMar 2025$324MJun 2025$399MSep 2025$446MDec 2025*$390MMar 2026$498MJun 2026$765MSep 2026
Free cash flow by quarter
$308MDec 2023*$102MMar 2024$347MJun 2024$339MSep 2024$365MDec 2024*$267MMar 2025$278MJun 2025$438MSep 2025$912MDec 2025*$654MMar 2026$927MJun 2026$655MSep 2026
Margins by quarter
-6%19%45%Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 2026Sep 202636.6%34.6%38.0%36.5%37.1%33.7%34.0%37.8%38.9%37.7%37.7%38.1%15.3%12.4%17.2%17.9%19.5%14.3%16.8%19.3%20.1%16.6%19.5%22.8%12.5%-0.4%9.1%8.5%6.3%8.1%12.3%14.9%15.5%14.7%15.2%17.7%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$10.2B$1.3B13.0%$1.9B$3.41
FY Dec 2024$8.0B$496M6.2%$1.2B$1.28
FY Dec 2023$6.9B$460M6.7%$773M$1.19
FY Dec 2022$5.7B$77M1.3%-$253M-$0.04
FY Dec 2021$5.0B$120M2.4%$138M$0.33

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.