VRT
Vertiv Holdings Co
Stock
$241.31−7.03 (−2.83%)Close Sep 30, 2026
Income statement
| Line | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.5B | $10.2B | $8.0B | $6.9B | $5.7B | $5.0B | $4.4B | $0 |
| Cost of revenue | $7.1B | $6.5B | $5.1B | $4.5B | $4.1B | $3.5B | $2.9B | −$1.5B |
| Gross profit | $4.4B | $3.7B | $2.9B | $2.4B | $1.6B | $1.5B | $1.5B | $1.5B |
| R&D | — | $442M | $368M | $304M | $282M | $266M | $229M | $229M |
| SG&A | $1.8B | $1.6B | $1.4B | $1.3B | $1.2B | $1.1B | $1.0B | $1.1B |
| Other operating expenses | $365M | — | — | — | — | — | $23M | — |
| Operating income | $2.2B | $1.8B | $1.4B | $872M | $223M | $260M | $214M | $206M |
| Non-operating income | −$61M | −$88M | −$602M | −$339M | −$56M | −$94M | −$468M | −$310M |
| Pretax income | $2.1B | $1.7B | $765M | $534M | $167M | $166M | −$255M | −$104M |
| Taxes | $382M | $409M | $270M | $74M | $90M | $47M | $73M | $37M |
| Net income | $1.7B | $1.3B | $496M | $460M | $77M | $120M | −$327M | −$141M |
| Diluted EPS | $4.42 | $3.41 | $1.28 | $1.19 | −$0.04 | $0.33 | −$1.07 | −$1.19 |
| Diluted shares | — | 390.7M | 386.3M | 386.2M | 378.2M | 360.1M | 307.1M | 118.3M |
| Revenue growth | — | +27.7% | +16.7% | +20.6% | +13.9% | +14.4% | — | — |
| Gross margin | 38.0% | 36.3% | 36.6% | 35.0% | 28.4% | 30.5% | 33.7% | — |
| Operating margin | 18.9% | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% | 4.9% | — |
| Net margin | 15.1% | 13.0% | 6.2% | 6.7% | 1.3% | 2.4% | −7.5% | — |
Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.