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 Oct 31, 2026, 11:17 UTC 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
Sep '26	$4.3B	$765M	38.1%	22.8%	13.9%	4.2%	$655M	$2.9B	$3.5B
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%	$438M	$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

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 fallen from 72.0× (Mar '23) to 65.0× (Nov '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 8.5× (Nov '26).
The dividend yield has risen from 0.1% (Mar '23) to 0.1% (Nov '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?

Vertiv's P/E (TTM) is 41.32 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VRT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 65.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.