Vertiv Holdings Co
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $10.2B | $8.0B | $6.9B | $5.7B | $5.0B |
| Cost of revenue | $6.5B | $5.1B | $4.5B | $4.1B | $3.5B |
| Selling, general & administrative | $1.6B | $1.4B | $1.3B | $1.2B | $1.1B |
| Research and development | $441.7M | $367.6M | $303.5M | $282.0M | $266.4M |
| Operating income | $1.8B | $1.4B | $872.2M | $223.4M | $259.9M |
| Interest expense | $86.1M | $150.4M | $180.1M | $147.3M | $90.6M |
| Pretax income | $1.7B | $765.4M | $533.7M | $167.0M | $166.2M |
| Income tax expense | $409.1M | $269.6M | $73.5M | $90.4M | $46.6M |
| Net income | $1.3B | $495.8M | $460.2M | $76.6M | $119.6M |
| Balance Sheet | |||||
| Cash and equivalents | $1.7B | $1.2B | $780.4M | $260.6M | $439.1M |
| Current assets | $6.8B | $5.1B | $4.0B | $3.2B | $2.7B |
| Total assets | $12.2B | $9.1B | $8.0B | $7.1B | $6.9B |
| Current liabilities | $4.4B | $3.1B | $2.3B | $1.9B | $1.9B |
| Total liabilities | $8.3B | $6.7B | $6.0B | $5.7B | $5.5B |
| Total debt | $954.5M | $2.9B | $3.0B | $3.2B | $3.0B |
| Stockholders' equity | $3.9B | $2.4B | $2.0B | $1.4B | $1.4B |
| Cash Flow Statement | |||||
| Cash from operations | $2.1B | $1.3B | $900.5M | -$152.8M | $210.9M |
| Depreciation and amortization | $308.6M | $277.0M | $271.0M | $302.4M | $227.0M |
| Stock-based compensation | $45.9M | $34.6M | $25.0M | $24.7M | $23.2M |
| Capital expenditure | $220.0M | $167.0M | $127.9M | $100.0M | $73.4M |
| Free cash flow | $1.9B | $1.2B | $772.6M | -$252.8M | $137.5M |
| Dividends paid | $66.6M | $42.2M | $9.5M | $3.8M | $3.8M |
| Share repurchases | $0 | $599.9M | $0 | $0 | — |
| Impairments | — | — | $0 | $0 | $8.7M |
Shares outstanding 384.1M · Free float 81.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.