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VRT · NYSE

Vertiv Holdings

Electrical Equipment & Parts · United States

USD 206.516.3% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$79.52B
Trailing P/E
38.60x
Forward P/E
20.98x
Quarterly revenue growth
61.2%
Trailing net margin
16.0%
Indicated dividend yield
0.1%

Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

Vertiv Holdings Co designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers AC and DC power management products, low/medium voltage switchgear, busbar, thermal management products, air cooled and liquid cooled thermal management products, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, and software infrastructure that are integral to the technologies used for various services, including artificial intelligence, e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. It also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, fluid management, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software services. The company offers its products primarily under the Vertiv, Liebert, NetSure, Geist, Energy Labs, ERS, Albér, and Avocent brands. It serves through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. The company is headquartered in Westerville, Ohio.

Company website

Q3 2026

Go beyond the headline.

VRT Stock: Sales Surge 61% — Who Funds the Next Wave? | Q3 2026 Earnings

Published 2026-10-28

Q3 2026 REPORT HIGHLIGHTS

What’s changed for VRT

Vertiv sales surged 61%, but customer advances and October acquisition spending change how we value its cash generation.

  1. Organic demand leads.

    Sales rose 61% reported and 55% organically; this is more than acquired growth.

  2. Cash has a funding component.

    Customer advances supplied $2.313B of year-to-date operating cash.

  3. September liquidity is dated.

    UIG cost $1.45B upfront after quarter end, with additional contingent consideration.

  4. Services need a clean comparison.

    Services-and-spares grew 41.5% reported versus 18.1% organically.

  5. Valuation still asks for progress.

    Our $225 anchor compares with the $244.59 intraday reference and $238.30 scenario-weighted value.

Comparable businesses

VRT peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricVRTVertiv Holdings CoSnapshot 2026-11-11Financial period: 2026-09-30
Market capMarket value, converted to USDUS$79.52B
Forward P/EProvider forward earnings estimate20.98x
EV / EBITDAEnterprise value / trailing EBITDA23.35x
Revenue growthLatest quarter vs prior-year quarter61.2%
Operating marginLatest reported quarter21.1%
Free cash flow yieldTrailing cash flow / market cap3.7%
Net debt / EBITDANet debt / trailing EBITDA-0.11x
Debt / equityTotal debt / positive book equity0.61x
Trailing P/ETrailing twelve-month earnings38.60x
Price / bookPrice / positive book equity per share14.45x
EV / salesEnterprise value / trailing revenue5.67x
Earnings growthLatest quarter vs prior-year quarter91.2%
Gross marginTrailing twelve months38.1%
Net marginTrailing twelve months16.0%
Return on equityProvider trailing return; positive equity only46.6%
Free cash flow marginTrailing free cash flow / revenue22.6%
Dividend yieldIndicated annual dividend / price0.1%
Earnings payoutProvider trailing dividend payout4.7%
Current ratioCurrent assets / current liabilities1.39x
BetaProvider historical market sensitivity2.11

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
Chart style
Comparison stocks

Financial statements load separately from the research page.

Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for VRT

All available reporting periods
Q3 20262026-10-28
Q2 20262026-07-30
Q1 20262026-04-24
Deep Dive2026-04-23

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.