9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.5% per year over the past 5 years.
Operating margin has expanded, at 17.9% in the latest year.
Free cash flow has grown 63.0% per year over the past 5 years.
Financial health
Total debt ($2.9B) exceeds cash ($1.7B); net debt is $1.2B.
Total debt has grown slower than revenue (6.2% vs 18.5% per year).
Operating income covered interest expense 21× in the latest year, up from 1.4× 5 years ago.
Total debt is 1.4× EBITDA.
Shareholder returns
Dividends have been paid for 6 consecutive years, consuming 5.0% of earnings and 3.5% of free cash flow.
The dividend has grown 82.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$10.2B
$1.3B
36.3%
17.9%
$1.9B
$2.9B
$1.7B
2024
$8.0B
$496M
36.6%
17.1%
$1.2B
$2.9B
$1.2B
2023
$6.9B
$460M
35.0%
12.7%
$773M
$2.9B
$780M
2022
$5.7B
$77M
28.4%
3.9%
-$253M
$3.2B
$261M
2021
$5.0B
$120M
30.5%
5.2%
$138M
$3.0B
$439M
2020
$4.4B
-$327M
33.7%
4.9%
$165M
$2.2B
$535M
2019
$4.4B
-$141M
32.8%
4.7%
$10M
$3.5B
$224M
2018
$4.3B
-$314M
33.1%
0.0%
-$287M
—
$215M
2017
—
-$1276
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2.6B
$390M
37.7%
16.6%
$654M
$2.9B
$2.2B
Dec '25
$2.9B
$446M
38.9%
20.1%
$886M
$2.9B
$1.7B
Sep '25
$2.7B
$399M
37.8%
19.3%
$464M
$2.9B
$1.4B
Jun '25
$2.6B
$324M
34.0%
16.8%
$278M
$2.9B
$1.6B
Mar '25
$2.0B
$165M
33.7%
14.3%
$267M
$2.9B
$1.5B
Dec '24
$2.3B
$147M
37.1%
19.5%
$365M
$2.9B
$1.2B
Sep '24
$2.1B
$177M
36.5%
17.9%
$339M
$2.9B
$909M
Jun '24
$2.0B
$178M
38.0%
17.2%
$347M
$2.9B
$580M
Mar '24
$1.6B
-$6M
34.6%
12.4%
$102M
$2.9B
$276M
Dec '23
$1.9B
$233M
36.6%
15.3%
$308M
$2.9B
$780M
Sep '23
$1.7B
$94M
36.0%
14.4%
$222M
$2.9B
$500M
Jun '23
$1.7B
$83M
34.3%
11.9%
$228M
$2.9B
$275M
Mar '23
$1.5B
$50M
32.6%
8.6%
$14M
$3.2B
$276M
Dec '22
$1.7B
$27M
30.9%
9.8%
$142M
$3.2B
$261M
Sep '22
$1.5B
$21M
29.0%
5.4%
-$19M
$3.3B
$258M
Jun '22
$1.4B
$20M
26.5%
1.9%
-$229M
$3.2B
$194M
Mar '22
$1.2B
$9M
26.3%
-3.9%
-$147M
$3.0B
$289M
Dec '21
$1.4B
$22M
26.5%
-0.3%
$6M
$3.0B
$439M
Sep '21
$1.2B
$56M
31.1%
6.7%
$42M
$2.1B
$744M
Jun '21
$1.3B
$10M
32.5%
8.1%
$46M
$2.1B
$709M
Valuation over time
How the market has priced VRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 71.8× (Mar '23) to 94.2× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 12.3× (Jun '26).
The dividend yield has fallen from 0.1% (Mar '23) to 0.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VRT growing its revenue and profit?
Over the past 5 years, Vertiv's revenue has grown 18.5% per year. These are computed facts, not advice.
How much debt does VRT have?
As of FY2025, Vertiv reported $2.9B of total debt against $1.7B of cash; operating income covered interest expense 21×.
What is VRT's profit margin?
In FY2025, gross margin was 36.3%, operating margin 17.9%, and net margin 13.0%.
What is VRT's P/E ratio?
As of Jun '26, Vertiv traded at a price-to-earnings ratio of about 94.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.