Industrials · Electrical Components & Equipment · US stock · price as of 16 Oct 2026
Key indicators
Price
$206.42
52-week range
$147.72 – $379.76
Market cap
$81.1B
P/E (trailing)
46.7×
EV / EBITDA
31.7×
Free-cash-flow yield
3.6%
Dividend yield
0.1%
Revenue (last 12 months)
$11.5B
Revenue growth (3y a year)
21.6%
Operating margin
18.9%
Return on invested capital
36.5%
Net debt / EBITDA
0.1×
Fair value
Blended fair value$97.44 range $88 – $104
Versus priceOvervalued−53% to fair value
Peer multiples
$61.55
Fundamentals-adjusted multiple
$80.67
10-year DCF (market-scaled)
$150.12
Earnings power value (floor, not blended)
$26.67
Model uncertainty
High
X-Ray Score
55/ 100 · Medium confidence · ahead of 63% of sector peers
Valuation17
Growth91
Profitability68
Financial health49
Dividends60
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Vertiv makes critical digital infrastructure equipment, with a focus on data centers, communication networks and industrial sites. Its products include power management systems, thermal and cooling equipment, racks and monitoring software, along with installation and maintenance services. Revenue comes from selling this equipment to cloud operators, colocation providers and enterprises, and from recurring service contracts that keep the systems running reliably across their working life.
Trailing twelve-month revenue stands at $11.5 billion. The three-year revenue growth rate is 21.6% a year. Profitability shows an operating margin of 18.9% and a return on invested capital of 36%. Net debt stands at 0.1 times EBITDA. Shareholders receive a dividend, yielding 0.1%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives Vertiv Holdings Co an X-Ray Score of 55 out of 100 (medium confidence), ahead of 63% of the S&P 500 stocks in its sector. Its strongest lens is growth (91) and its weakest is valuation (17).
Our fair value blend is $97.44 (range $88.42 to $104.05). At $206.42 the stock trades 112% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Vertiv Holdings Co (VRT)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$24.85
$13.61
$47.87
$113.37
$161.90
$206.42
Market cap
$8.9B
$5.1B
$18.5B
$43.8B
$63.2B
$81.1B
P/E
75.3×
–
40.2×
88.6×
47.5×
46.7×
EV / revenue
2.3×
1.4×
3.0×
5.7×
6.3×
7.1×
EV / EBITDA
23.6×
15.4×
18.1×
27.7×
30.1×
31.7×
Price / free cash flow
65.1×
–
23.9×
38.0×
33.4×
27.7×
Free-cash-flow yield
1.5%
−4.9%
4.2%
2.6%
3.0%
3.6%
Price / book
6.3×
3.6×
9.2×
18.0×
16.0×
17.0×
Dividend yield
–
–
–
–
–
0.12%
Fundamentals checklist ● 5 Good · ● 6 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−10.2%Good
Free-cash-flow yield3.6%Average
Risk models
Altman Z score2.9×Average
Piotroski F-Score5 of 9Bad
Growth
Revenue growth (3y)21.6%Good
Growth consistency100%Good
Balance sheet
Current ratio1.4×Average
Net debt / EBITDA0.1×Good
Interest cover41.4×Average
Valuation
Fair value vs price0.5×Bad
EBIT / EV yield2.7%Bad
Profitability
Return on invested capital36.5%Good
Operating margin18.9%Average
Gross profitability27.5%Average
XStocksXray
Vertiv Holdings Co (VRT)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
4,998
5,692
6,863
8,012
10,230
11,480
Gross profit
1,523
1,616
2,401
2,934
3,715
4,367
Operating income
260
223
872
1,367
1,830
2,175
Net income
120
77
460
496
1,333
1,732
Diluted EPS ($)
0.33
-0.04
1.19
1.28
3.41
4.42
Free cash flow
138
-253
773
1,152
1,894
2,930
Gross margin
30.5%
28.4%
35.0%
36.6%
36.3%
38.0%
Operating margin
5.2%
3.9%
12.7%
17.1%
17.9%
18.9%
Net margin
2.4%
1.3%
6.7%
6.2%
13.0%
15.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
6,940
7,096
7,999
9,133
12,212
15,901
Cash
439
261
780
1,228
1,728
2,811
Total debt
2,972
3,191
2,941
2,928
2,913
2,940
Equity
1,418
1,442
2,015
2,434
3,941
4,758
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.