Vertiv Holdings revenue and financials
$253.14Change from previous close: −0.19%Absolute change: −$0.48
In the fiscal year ended December 2025, Vertiv Holdings reported revenue of $10.23B (+27.69% year over year). Net income was $1.33B, a net margin of 13.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +27.69%
- 2025 vs 2024
- Net income growth
- +168.82%
- 2025 vs 2024
- Net margin
- 13.0%
- 2024: 6.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,100 | 767 | 979 | 509 | 323 | 303 | 425 | 375 | 382 | 138 | 356 | 249 |
| Depreciation and amortization | 116 | 108 | 88.3 | 75.4 | 73.3 | 71.6 | 71.0 | 68.9 | 68.4 | 68.7 | 68.9 | 68.2 |
| Capital expenditure | -173 | -113 | -93.3 | -45.2 | -45.0 | -36.5 | -60.7 | -36.4 | -34.1 | -35.8 | -47.8 | -26.5 |
| Investing cash flow | -404 | -377 | -608 | -710 | -144 | -38.8 | -81.0 | -39.2 | -45.0 | -36.5 | -68.0 | -27.4 |
| Financing cash flow | -14.9 | 11.9 | -28.0 | -11.4 | -8.0 | -24.9 | -11.7 | -13.7 | -23.6 | -603 | -10.8 | 7.2 |
| Dividends paid | -23.9 | -23.9 | -24.0 | -14.2 | -14.2 | -14.2 | -14.1 | -9.4 | -9.4 | -9.3 | -9.5 | — |
| Share repurchases | -11.6 | -11.6 | -3.2 | -1.0 | -0.3 | -6.7 | -0.4 | -0.4 | -18.1 | -603 | -0.5 | -0.3 |
| Debt issued | 0.0 | 2,100 | 0.0 | 0.0 | 0.0 | — | — | — | 80.0 | 190 | 0.3 | 64.9 |
| Debt repaid | 0.0 | -2,076 | -5.2 | -5.2 | -5.2 | -5.3 | -5.2 | -5.3 | -85.3 | -195 | -5.6 | -70.3 |
| Effect of exchange rates | 3.5 | -0.6 | 2.8 | 0.8 | 9.0 | 4.3 | -17.7 | 7.5 | -5.7 | -6.0 | 6.2 | -3.7 |
| Net change in cash | 684 | 401 | 346 | -212 | 180 | 244 | 315 | 330 | 307 | -508 | 284 | 225 |
| Free cash flow | 927 | 654 | 886 | 464 | 278 | 267 | 365 | 339 | 347 | 102 | 308 | 222 |
| Levered free cash flow | 848 | 743 | 811 | 265 | 148 | 178 | -85.8 | 365 | 321 | 419 | 280 | 204 |