Vertiv Holdings Co

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, Americas was 62% and Asia Pacific was 20% of revenue; Americas rose from 56% in the fiscal year to Dec 2023.

Quarters: Vertiv Holdings Co's SEC filings, named by the month they end. Fiscal years: Vertiv Holdings Co's annual reports to the SEC.

How it makes money

Of every $100 in revenue, $13.0 ends up as net income. Net margin rose from 1.3% to 13.0% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Vertiv Holdings Co's annual reports to the SEC; quarters: SEC filings.

Customers and suppliers

In its latest annual report Vertiv Holdings Co buys from Oracle.

Their suppliers

Applied Optoelectronics AAOIto Oracle

AMD AMDto Oracle

NVIDIA NVDAto Oracle

Show 3

Suppliers

Oracle ORCL

 

VRTVertiv Holdings Co

Partners

NVIDIA NVDADevelop advanced power and thermal infrastructureOklo OKLOExplore alternative energy for data centers

Caterpillar CATDistributed power generation and backup solutions

Changes since the previous annual report (10-K filed Feb 18, 2025)

Oracle ORCLNamed for the first time, as a supplier

Caterpillar CATNamed for the first time, as a partner

NVIDIA NVDANamed for the first time, as a partnerOklo OKLONamed for the first time, as a partner

Only the companies Vertiv Holdings Co names in its 10-K filed Feb 13, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

P/E of 39.2x, above the peer median of 28x, so it needs earnings to keep growing to hold up.

Priced 40% above the peer median of 28x.

At 39.2× trailing earnings VRT is below most of its five-year range; the five-year median is 73.2×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $338, 61% above the current price; 90% of 30 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 27 analysts (90%). Sell or Strong Sell: 0.

Over the past year the average of the analysts' latest price targets went from $185.20 to $330.00 (+78%), while VRT went from $163.64 to $209.64 (+28%). In the past three months targets were raised 5 times and cut 4 times. 2 upgrades and 1 downgrade over the year; the latest: GLJ Research moved it to Buy from Hold on Aug 7, 2026.

The day after each of these reports the stock moved +18.5% (Dec 2025, beat); +3.0% (Mar 2026, beat); −15.6% (Jun 2026, beat); +17.9% (Sep 2026, beat).

For the quarter ending Dec 2026, analysts expect adjusted earnings of $2.28 a share, 68% more than the $1.36 of a year earlier, and revenue of $4.5B, up 56% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $9.84 a share, 37% more than the year before's estimate of $7.19, and revenue of $19.4B, up 32% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $3.1B in free cash flow over the year, of which $100M went back to shareholders (dividends plus buybacks), leaving $3.0B in the company.

Vertiv Holdings Co had 393M diluted shares in the quarter ended Sep 2026, 0.4% more than a year earlier, and 3.0% more each year on average since Sep 2020. Over the last four quarters its earnings per share rose 101.9% and its net income rose 102.9%: more shares took about 1 point off.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 1.5, no pressure to repay short-term debt; debt-to-equity 0.7, debt is moderate.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 11 funds whose copy leaves VRT out (on the exchange, not in the app yet): Blue Whale Capital, Coatue Management, Temasek Holdings (Private), Norges Bank, Mirae Asset Global Investments, Canada Pension Plan Investment Board and 5 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 17 held VRT at the end of their latest quarter (for most, Q2 2026). Over that quarter 5 added shares, 10 cut and 2 held the same. The largest of them is Norges Bank, 4.86M shares worth $1.6B at Jun 30, 2026, 2.7% fewer than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of VRT at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.