VRT Financials Vertiv

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 45 d ago 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$10.2B	$1.3B	36.3%	17.9%	33.8%	10.9%	$1.9B	$2.9B	$1.7B
2024	$8.0B	$496M	36.6%	17.1%	20.4%	5.4%	$1.2B	$2.9B	$1.2B
2023	$6.9B	$460M	35.0%	12.7%	22.8%	5.8%	$773M	$2.9B	$780M
2022	$5.7B	$77M	28.4%	3.9%	5.3%	1.1%	-$253M	$3.2B	$261M
2021	$5.0B	$120M	30.5%	5.2%	8.4%	1.7%	$138M	$3.0B	$439M
2020	$4.4B	-$327M	33.7%	4.9%	-63.9%	-6.5%	$165M	$2.2B	$535M
2019	$4.4B	-$141M	32.8%	4.7%	20.0%	-3.0%	$10M	$3.5B	$224M
2018	$4.3B	-$314M	33.1%	0.0%	58.1%	-45.0%	-$287M	—	$215M
2017	—	-$1276	—	—	0.0%	-5.1%	—	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$3.3B	$498M	37.7%	19.5%	10.5%	3.1%	$927M	$2.9B	$2.8B
Mar '26	$2.6B	$390M	37.7%	16.6%	9.2%	2.9%	$654M	$2.9B	$2.2B
Dec '25	$2.9B	$446M	38.9%	20.1%	11.3%	3.6%	$886M	$2.9B	$1.7B
Sep '25	$2.7B	$399M	37.8%	19.3%	11.4%	3.7%	$464M	$2.9B	$1.4B
Jun '25	$2.6B	$324M	34.0%	16.8%	10.4%	3.1%	$278M	$2.9B	$1.6B
Mar '25	$2.0B	$165M	33.7%	14.3%	6.2%	1.7%	$267M	$2.9B	$1.5B
Dec '24	$2.3B	$147M	37.1%	19.5%	6.0%	1.6%	$365M	$2.9B	$1.2B
Sep '24	$2.1B	$177M	36.5%	17.9%	9.7%	2.0%	$339M	$2.9B	$909M
Jun '24	$2.0B	$178M	38.0%	17.2%	11.6%	2.2%	$347M	$2.9B	$580M
Mar '24	$1.6B	-$6M	34.6%	12.4%	-0.4%	-0.1%	$102M	$2.9B	$276M
Dec '23	$1.9B	$233M	36.6%	15.3%	11.5%	2.9%	$308M	$2.9B	$780M
Sep '23	$1.7B	$94M	36.0%	14.4%	5.5%	1.3%	$222M	$2.9B	$500M
Jun '23	$1.7B	$83M	34.3%	11.9%	5.0%	1.1%	$228M	$2.9B	$275M
Mar '23	$1.5B	$50M	32.6%	8.6%	3.2%	0.7%	$14M	$3.2B	$276M
Dec '22	$1.7B	$27M	30.9%	9.8%	1.8%	0.4%	$142M	$3.2B	$261M
Sep '22	$1.5B	$21M	29.0%	5.4%	1.7%	0.3%	-$19M	$3.3B	$258M
Jun '22	$1.4B	$20M	26.5%	1.9%	1.5%	0.3%	-$229M	$3.2B	$194M
Mar '22	$1.2B	$9M	26.3%	-3.9%	0.6%	0.1%	-$147M	$3.0B	$289M
Dec '21	$1.4B	$22M	26.5%	-0.3%	1.6%	0.3%	$6M	$3.0B	$439M
Sep '21	$1.2B	$56M	31.1%	6.7%	7.2%	1.1%	$42M	$2.1B	$744M

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 72.0× (Mar '23) to 77.8× (Sep '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 10.1× (Sep '26).
The dividend yield has fallen from 0.1% (Mar '23) to 0.1% (Sep '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 Sep '26, Vertiv traded at a price-to-earnings ratio of about 77.8× (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.