Vertiv Holdings Co (VRT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.65B | 2.88B | 2.68B | 2.64B | 2.04B | 2.35B | 2.07B | 1.95B | 1.64B | 1.87B | 1.74B | 1.73B | 1.52B | 1.65B | 1.48B | 1.4B | 1.16B | 1.41B | 1.23B | 1.26B |
| Revenue Growth % | 30.13% | 22.74% | 29.05% | 35.09% | 24.21% | 25.79% | 18.99% | 12.61% | 7.76% | 12.74% | 17.66% | 23.92% | 31.54% | 17.31% | 20.52% | 11.04% | 5.28% | 8.04% | 5.76% | 25.32% |
| Cost of Goods Sold | 1.65B | 1.82B | 1.67B | 1.79B | 1.4B | 1.52B | 1.36B | 1.26B | 1.12B | 1.23B | 1.16B | 1.19B | 1.07B | 1.19B | 1.11B | 1.08B | 910.5M | 1.09B | 878.8M | 882.9M |
| COGS % of Revenue | 62.27% | 63.12% | 62.23% | 67.84% | 68.77% | 64.84% | 65.64% | 64.39% | 68.48% | 65.79% | 66.6% | 68.36% | 70.4% | 71.98% | 74.67% | 77.44% | 78.74% | 76.98% | 71.51% | 70.05% |
| Gross Profit | 999.7M | 1.06B | 1.01B | 848.5M | 635.8M | 825.1M | 712.5M | 695.4M | 516.6M | 638.2M | 582.1M | 548.6M | 450.3M | 463.6M | 375.1M | 315.7M | 245.9M | 324.7M | 350.1M | 377.4M |
| Gross Margin % | 37.73% | 36.88% | 37.77% | 32.16% | 31.23% | 35.16% | 34.36% | 35.61% | 31.52% | 34.21% | 33.4% | 31.64% | 29.6% | 28.02% | 25.33% | 22.56% | 21.26% | 23.02% | 28.49% | 29.95% |
| Gross Profit Growth % | 57.23% | 28.72% | 41.85% | 22.02% | 23.07% | 29.29% | 22.4% | 26.76% | 14.72% | 37.66% | 55.19% | 73.77% | 83.12% | 42.78% | 7.14% | -16.35% | -24.62% | -17.92% | -7.99% | 20.11% |
| Operating Expenses | 559.6M | 461.6M | 494M | 395.6M | 346.3M | 361.6M | 334.6M | 363.8M | 314M | 348.8M | 327.2M | 327.6M | 308.7M | 303.3M | 295.2M | 287.6M | 292.2M | 329.4M | 257.8M | 271.7M |
| OpEx % of Revenue | 21.12% | 16.03% | 18.46% | 15% | 17.01% | 15.41% | 16.14% | 18.63% | 19.16% | 18.7% | 18.78% | 18.89% | 20.29% | 18.33% | 19.93% | 20.55% | 25.27% | 23.35% | 20.98% | 21.56% |
| Selling, General & Admin | 456.7M | 461.6M | 414.3M | 284.5M | 247.7M | 361.6M | 334.6M | 363.8M | 314M | 348.8M | 327.2M | 327.6M | 308.7M | 303.3M | 295.2M | 287.6M | 292.2M | 329.4M | 257.8M | 271.7M |
| SG&A % of Revenue | 17.24% | 16.03% | 15.48% | 10.78% | 12.17% | 15.41% | 16.14% | 18.63% | 19.16% | 18.7% | 18.78% | 18.89% | 20.29% | 18.33% | 19.93% | 20.55% | 25.27% | 23.35% | 20.98% | 21.56% |
| Research & Development | 0 | 0 | 209.7M | 111.1M | 98.6M | 352.1M | 0 | 0 | 0 | 303.5M | 0 | 0 | 0 | 282M | 0 | 0 | 0 | 266.4M | 0 | 0 |
| R&D % of Revenue | - | - | 7.84% | 4.21% | 4.84% | 15.01% | - | - | - | 16.27% | - | - | - | 17.04% | - | - | - | 18.89% | - | - |
| Other Operating Expenses | 1000K | 0 | -1000K | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 |
| Operating Income | 440.1M | 600.5M | 516.7M | 452.9M | 289.5M | 463.5M | 377.9M | 331.6M | 202.6M | 289.4M | 254.9M | 221M | 141.6M | 160.3M | 79.9M | 28.1M | -46.3M | -4.7M | 92.3M | 105.7M |
| Operating Margin % | 16.61% | 20.85% | 19.31% | 17.17% | 14.22% | 19.75% | 18.23% | 16.98% | 12.36% | 15.51% | 14.63% | 12.74% | 9.31% | 9.69% | 5.39% | 2.01% | -4% | -0.33% | 7.51% | 8.39% |
| Operating Income Growth % | 52.02% | 29.56% | 36.73% | 36.58% | 42.89% | 60.16% | 48.25% | 50.05% | 43.08% | 80.54% | 219.02% | 686.48% | 405.83% | 3510.64% | -13.43% | -73.42% | -160.84% | -103.61% | -28.34% | 20.25% |
| EBITDA | 547.8M | 688.8M | 592.1M | 526.2M | 361.1M | 534.5M | 446.8M | 400M | 271.3M | 358.3M | 323.1M | 288.3M | 208.2M | 230.8M | 155.6M | 105.1M | 32.9M | 65.2M | 143.7M | 159.2M |
| EBITDA Margin % | 20.68% | 23.92% | 22.13% | 19.95% | 17.74% | 22.78% | 21.55% | 20.48% | 16.55% | 19.21% | 18.54% | 16.63% | 13.69% | 13.95% | 10.51% | 7.51% | 2.84% | 4.62% | 11.69% | 12.63% |
| EBITDA Growth % | 51.7% | 28.87% | 32.52% | 31.55% | 33.1% | 49.18% | 38.29% | 38.74% | 30.31% | 55.24% | 107.65% | 174.31% | 532.83% | 253.99% | 8.28% | -33.98% | -74.36% | -64.27% | -19.72% | 15.45% |
| D&A (Non-Cash Add-back) | 107.7M | 88.3M | 75.4M | 73.3M | 71.6M | 71M | 68.9M | 68.4M | 68.7M | 68.9M | 68.2M | 67.3M | 66.6M | 70.5M | 75.7M | 77M | 79.2M | 69.9M | 51.4M | 53.5M |
| EBIT | 446.3M | 600.5M | 515M | 442.4M | 290.7M | 275.9M | 304.4M | 309.5M | 26M | 270.7M | 189.3M | 159.8M | 134.5M | 129.3M | 70.2M | 65.1M | 49.7M | 45.7M | 114.3M | 31M |
| Net Interest Income | 4.4M | -16.7M | -22.8M | -21.3M | -25.3M | -30.7M | -35.9M | -44.8M | -39M | -83.4M | -43.5M | -46.9M | -46.8M | -45.8M | -38.8M | -33.4M | -29.3M | -24.1M | -22.4M | -20M |
| Interest Income | 4.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 16.7M | 22.8M | 21.3M | 25.3M | 30.7M | 35.9M | 44.8M | 39M | 83.4M | 43.5M | 46.9M | 46.8M | 45.8M | 38.8M | 33.4M | 29.3M | 24.1M | 22.4M | 20M |
| Other Income/Expense | -1.8M | -37.3M | -24.5M | -31.8M | -24.1M | -218.3M | -109.4M | -66.9M | -215.6M | -102.1M | -109.1M | -108.1M | -53.9M | -76.8M | -48.5M | 3.6M | 66.7M | 26.3M | -400K | -94.7M |
| Pretax Income | 438.3M | 563.2M | 492.2M | 421.1M | 265.4M | 245.2M | 268.5M | 264.7M | -13M | 187.3M | 145.8M | 112.9M | 87.7M | 83.5M | 31.4M | 31.7M | 20.4M | 21.6M | 91.9M | 11M |
| Pretax Margin % | 16.54% | 19.56% | 18.39% | 15.96% | 13.04% | 10.45% | 12.95% | 13.55% | -0.79% | 10.04% | 8.37% | 6.51% | 5.77% | 5.05% | 2.12% | 2.27% | 1.76% | 1.53% | 7.48% | 0.87% |
| Income Tax | 48.2M | 117.6M | 93.7M | 96.9M | 100.9M | 98.2M | 91.9M | 86.6M | -7.1M | -45.3M | 51.7M | 29.7M | 37.4M | 56.9M | 10.2M | 11.4M | 11.9M | -400K | 35.7M | 1.3M |
| Effective Tax Rate % | 11% | 20.88% | 19.04% | 23.01% | 38.02% | 40.05% | 34.23% | 32.72% | 54.62% | -24.19% | 35.46% | 26.31% | 42.65% | 68.14% | 32.48% | 35.96% | 58.33% | -1.85% | 38.85% | 11.82% |
| Net Income | 390.1M | 445.6M | 398.5M | 324.2M | 164.5M | 147M | 176.6M | 178.1M | -5.9M | 232.6M | 94.1M | 83.2M | 50.3M | 26.6M | 21.2M | 20.3M | 8.5M | 22M | 56.2M | 9.7M |
| Net Margin % | 14.72% | 15.47% | 14.89% | 12.29% | 8.08% | 6.26% | 8.52% | 9.12% | -0.36% | 12.47% | 5.4% | 4.8% | 3.31% | 1.61% | 1.43% | 1.45% | 0.73% | 1.56% | 4.57% | 0.77% |
| Net Income Growth % | 137.14% | 203.13% | 125.65% | 82.03% | 2888.14% | -36.8% | 87.67% | 114.06% | -111.73% | 774.44% | 343.87% | 309.85% | 491.76% | 20.91% | -62.28% | 109.28% | -73.19% | -45.68% | 154.3% | 117.32% |
| Net Income (Continuing) | 390.1M | 445.6M | 398.5M | 324.2M | 164.5M | 147M | 176.6M | 178.1M | -5.9M | 232.6M | 94.1M | 83.2M | 50.3M | 26.6M | 21.2M | 20.3M | 8.5M | 22M | 56.2M | 9.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.99 | 1.14 | 1.02 | 0.83 | 0.42 | 0.38 | 0.46 | 0.46 | -0.02 | 0.60 | 0.24 | 0.22 | 0.12 | 0.07 | 0.06 | 0.05 | -0.23 | 0.06 | 0.15 | 0.03 |
| EPS Growth % | 135.71% | 200% | 121.74% | 80.43% | 2792.31% | -36.67% | 91.67% | 109.09% | -113% | 751.06% | 327.05% | 308.92% | 152.17% | 19.29% | -62.53% | 97.79% | -355.56% | -50.75% | 146.88% | 116% |
| EPS (Basic) | 1.02 | 1.17 | 1.04 | 0.85 | 0.43 | 0.39 | 0.47 | 0.48 | -0.02 | 0.61 | 0.25 | 0.22 | 0.12 | 0.07 | 0.06 | 0.05 | -0.22 | 0.06 | 0.16 | 0.03 |
| Diluted Shares Outstanding | 392.13M | 391.67M | 390.26M | 389.85M | 390.11M | 386.47M | 384.32M | 384.49M | 379.14M | 390.5M | 388.24M | 382.35M | 381.68M | 377.32M | 377.44M | 377.26M | 379.69M | 372.19M | 363.2M | 356.65M |
| Basic Shares Outstanding | 382.92M | 382.47M | 381.46M | 381.48M | 380.85M | 376.61M | 375.2M | 374.73M | 379.14M | 381.56M | 380.9M | 379.94M | 378.13M | 377.32M | 377.02M | 376.59M | 375.97M | 367.73M | 352.48M | 352.2M |
| Dividend Payout Ratio | 6.13% | 5.39% | 3.56% | 4.38% | 8.63% | 9.59% | 5.32% | 5.28% | - | 4.08% | - | - | - | 14.29% | - | - | - | 17.27% | - | - |