VRT Vertiv Holdings, LLC Class A Common Stock
$264.28
Price · Aug 21, 2026
Fundamentals as of Jul 29, 2026
52W Range
$119–$380
56% of range
Analyst Rating
BUY
36 analysts
Price Target
$338
+28% upside
P/E (TTM)
77.8
ROE
37.7%
Net Profit Margin
13.0%
VRT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$264.27
Market Cap
$101.47B
P/E (TTM)
77.8
EPS (TTM)
$3.41
Revenue (TTM)
$10.23B
Div Yield
0.07%
ROE
37.7%
Debt/Equity
0.7
52W Range
$119 – $380
VRT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$10.23B
2017-12-31
→
2025-12-31
EPS
$3.41
2018-12-31
→
2025-12-31
Free Cash Flow
$1.89B
2020-12-31
→
2025-12-31
Margins
13.0%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
VRT
Peer Median
P/E (TTM)
77.8
41.1
P/S (TTM)
9.9
4.3
P/B
25.7
4.1
EV / EBITDA
48.0
—
Price / FCF
53.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
VRT
Peer Median
Operating Margin
17.9%
—
Net Profit Margin
13.0%
13.5%
ROA
12.5%
9.4%
ROE
37.7%
18.0%
ROIC
20.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
VRT
Peer Median
Debt / Equity
0.7
0.0
Current Ratio
1.5
1.8
Quick Ratio
1.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
VRT
Peer Median
Revenue YoY
27.7%
—
Revenue CAGR 3Y
21.6%
—
Revenue CAGR 5Y
18.5%
—
EPS YoY
166.4%
—
Net Income YoY
168.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
VRT
Peer Median
Payout Ratio
5.0%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.07%
Payout Ratio
5.0%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 15, 2026 | $0.0630 |
| March 17, 2026 | $0.0630 |
| Nov. 25, 2025 | $0.0630 |
| Sept. 15, 2025 | $0.0380 |
| June 16, 2025 | $0.0380 |
| March 18, 2025 | $0.0380 |
| Dec. 3, 2024 | $0.0380 |
| Sept. 17, 2024 | $0.0250 |
| June 17, 2024 | $0.0250 |
| March 18, 2024 | $0.0250 |
| Dec. 8, 2023 | $0.0250 |
| Nov. 29, 2022 | $0.0100 |
| Nov. 30, 2021 | $0.0100 |
| Dec. 1, 2020 | $0.0100 |
VRT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
36 analysts
- Strong Buy 10 27.8%
- Buy 21 58.3%
- Hold 5 13.9%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
26 analysts · 2026-08-18
Median
$345.00
Now
$264.27
Low
$236.00
High
$427.00
Median target
$345.00
+30.5%
Mean target
$338.15
+28.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.52 | $1.44 | 0.08% |
| March 31, 2026 | $1.17 | $1.01 | 0.16% |
| Dec. 31, 2025 | $1.36 | $1.29 | 0.07% |
| Sept. 30, 2025 | $1.24 | $1.00 | 0.24% |
| June 30, 2025 | $0.95 | $0.84 | 0.11% |
| March 31, 2025 | $0.64 | $0.62 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VRT | $61.98B | 47.5 | 27.7% | 13.0% | 37.7% | — |
| EMR | $73.83B | 32.5 | 3.0% | 12.7% | 10.9% | 52.8% |
| AME | $47.02B | 32.1 | 6.6% | 20.0% | 14.6% | — |
| ROK | $39.29B | 45.6 | 0.94% | 10.4% | 24.3% | 48.1% |
| HUBB | $23.65B | 26.9 | 3.8% | 15.2% | 24.5% | 35.3% |
| NXT | — | 31.4 | 20.3% | 16.5% | 27.1% | 32.6% |
| GNRC | — | 50.7 | -2.0% | 3.8% | 6.2% | 38.3% |
| RRX | $9.32B | 33.4 | -1.7% | 4.7% | 4.3% | 37.4% |
| VICR | — | 42.0 | 26.1% | 26.2% | 18.5% | 57.3% |
| AYI | $10.02B | 26.1 | 13.1% | 9.1% | 15.1% | 47.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.23B | $8.01B | $6.86B | $5.69B | $5.00B | $4.37B | $4.43B | $4.29B | $0 | |
| Cost of Revenue | $6.51B | $5.08B | $4.46B | $4.08B | $3.48B | $2.90B | $2.98B | $2.87B | · | |
| R&D Expense | $442M | $368M | $304M | $282M | $266M | $229M | $229M | $198M | · | |
| SG&A Expense | $1.62B | $1.37B | $1.31B | $1.18B | $1.11B | $1.01B | $1.10B | $1.22B | $1.3K | |
| Operating Income | $1.83B | $1.37B | $872M | $223M | $260M | $214M | $206M | · | · | |
| Interest Expense | $86M | $150M | $180M | $147M | $91M | $150M | $310M | $289M | · | |
| Pretax Income | $1.74B | $765M | $534M | $167M | $166M | $-255M | $-104M | $-271M | $-1.3K | |
| Income Tax | $409M | $270M | $74M | $90M | $47M | $73M | $36M | $50M | $0 | |
| Net Income | $1.33B | $496M | $460M | $77M | $120M | $-327M | $-141M | $-314M | $-1.3K | |
| EPS (Basic) | $3.49 | $1.32 | $1.21 | $0.20 | $0.34 | $-1.07 | $-1.19 | $-2.65 | · | |
| EPS (Diluted) | $3.41 | $1.28 | $1.19 | $-0.04 | $0.33 | $-1.07 | $-1.19 | $-2.65 | · | |
| Shares (Basic) | 381,712,181 | 376,418,933 | 380,144,059 | 376,730,519 | 355,544,632 | 307,076,397 | 118,261,955 | 118,261,955 | · | |
| Shares (Diluted) | 390,652,824 | 386,325,058 | 386,226,267 | 378,224,051 | 360,140,323 | 307,076,397 | 118,261,955 | 118,261,955 | · | |
| EBITDA | $2.14B | $1.64B | $1.14B | $526M | $487M | $203M | · | · | · |
Balance Sheet 30
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.73B | $1.23B | $780M | $261M | $439M | $535M | $224M | $215M | · | |
| Receivables | $3.11B | $2.36B | $2.12B | $1.89B | $1.54B | $1.35B | $1.21B | · | · | |
| Inventory | $1.46B | $1.24B | $884M | $822M | $616M | $447M | $401M | · | · | |
| Prepaid Expense | · | · | · | · | · | · | $692.8K | $341.4K | · | |
| Other Current Assets | $426M | $267M | $219M | $187M | $107M | $183M | $181M | · | · | |
| Current Assets | $6.82B | $5.10B | $4.00B | $3.16B | $2.70B | $2.52B | $2.02B | $1M | $25.0K | |
| PP&E (Net) | $922M | $625M | $560M | $489M | $489M | $428M | $428M | · | · | |
| PP&E (Gross) | $1.45B | $1.06B | $932M | $800M | $755M | $648M | $592M | · | · | |
| Accum. Depreciation | $526M | $434M | $372M | $311M | $266M | $221M | $164M | · | · | |
| Goodwill | $2.03B | $1.32B | $1.33B | $1.28B | $1.33B | $607M | $606M | $634M | · | |
| Intangibles | $1.89B | $1.49B | $1.67B | $1.82B | $2.14B | $1.30B | $1.44B | · | · | |
| Other Non-current Assets | $60M | $92M | $100M | $134M | $83M | $197M | $155M | · | · | |
| Total Assets | $12.21B | $9.13B | $8.00B | $7.10B | $6.94B | $5.07B | $4.66B | $697M | $25.0K | |
| Accounts Payable | $1.76B | $1.32B | $986M | $984M | $858M | $730M | $637M | $644.2K | $1.3K | |
| Accrued Liabilities | $772M | $613M | $612M | $514M | $953M | $902M | $868M | · | · | |
| Current Liabilities | $4.41B | $3.10B | $2.31B | $1.90B | $1.85B | $1.74B | $1.52B | $1M | $1.3K | |
| Capital Leases | $245M | $167M | $141M | $130M | $114M | $107M | $78M | · | · | |
| Deferred Tax | $233M | $240M | $160M | $176M | $199M | $116M | $125M | · | · | |
| Other Non-current Liabilities | $494M | $282M | $262M | $220M | $253M | $485M | $250M | · | · | |
| Total Liabilities | $8.27B | $6.70B | $5.98B | $5.65B | $5.52B | $4.56B | $5.36B | $25M | $1.3K | |
| Long-term Debt | $2.91B | $2.93B | $2.94B | $3.19B | $2.97B | $2.15B | $3.47B | · | · | |
| Total Debt | $2.91B | $2.93B | $2.94B | $3.19B | $2.97B | $2.15B | · | · | · | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | |
| Paid-in Capital | $2.90B | $2.82B | $2.71B | $2.63B | $2.60B | $1.79B | $278M | $271.9K | $326.7K | |
| Retained Earnings | $1.03B | $-238M | $-692M | $-1.14B | $-1.22B | $-1.33B | $-1.00B | $5M | $-304.7K | |
| Treasury Stock | · | · | $0 | · | · | · | · | · | · | |
| AOCI | $18M | $-149M | $-4M | $-46M | $36M | $52M | $18M | · | · | |
| Stockholders' Equity | $3.94B | $2.43B | $2.01B | $1.44B | $1.42B | $512M | $-705M | $-540M | $-130M | |
| Liabilities + Equity | $12.21B | $9.13B | $8.00B | $7.10B | $6.94B | $5.07B | $4.66B | $697M | $25.0K | |
| Shares Outstanding | 382,553,680 | 380,703,974 | 381,788,876 | 377,368,837 | 375,801,857 | 342,024,612 | 118,261,955 | 118,261,955 | 118,261,955 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $309M | $277M | $271M | $302M | $227M | $203M | $203M | $217M | · | |
| Stock-based Comp | $46M | $35M | $25M | $25M | $23M | $13M | $0 | $0 | · | |
| Amort. of Intangibles | $212M | $195M | $197M | $230M | $158M | $143M | $146M | $157M | · | |
| Restructuring | $54M | $5M | $29M | $700.0K | $1M | $74M | $21M | $46M | · | |
| Other Non-cash | $766M | $626M | $211M | $-1.01B | $-292M | $259M | · | · | · | |
| Operating Cash Flow | $2.11B | $1.32B | $900M | $-153M | $211M | $209M | $58M | $-222M | · | |
| CapEx | $220M | $167M | $128M | $100M | $73M | $44M | $48M | $65M | · | |
| Investing Cash Flow | $-1.50B | $-202M | $-139M | $-112M | $-1.22B | $-46M | $-65M | $-208M | · | |
| Stock Issued | · | · | · | $0 | $0 | $1.83B | $0 | $0 | · | |
| Stock Repurchased | $0 | $600M | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | $0 | $-600M | · | $0 | $0 | $1.83B | · | · | · | |
| Dividends Paid | $67M | $42M | $10M | $4M | $4M | $3M | $0 | $0 | · | |
| Financing Cash Flow | $-72M | $-652M | $-248M | $100M | $915M | $141M | $15M | $245M | · | |
| Net Change in Cash | $558M | $444M | $515M | $-174M | $-96M | $309M | $8M | $-173M | · | |
| Taxes Paid | $428M | $272M | $153M | $105M | $97M | $65M | $49M | $58M | · | |
| Free Cash Flow | $1.89B | $1.15B | $773M | $-253M | $138M | $164M | · | · | · | |
| Levered FCF | $1.83B | $1.05B | $617M | $-320M | $72M | $-29M | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% | · | · | · | · | |
| Net Margin | 13.0% | 6.2% | 6.7% | 1.4% | 2.4% | -7.5% | · | · | · | |
| Pretax Margin | 17.0% | 9.6% | 7.8% | 2.9% | 3.3% | -5.8% | · | · | · | |
| EBITDA Margin | 20.9% | 20.5% | 16.7% | 9.2% | 9.7% | 4.7% | · | · | · | |
| ROA | 12.5% | 5.8% | 6.1% | 1.1% | 2.0% | -6.7% | 0.62% | 1.4% | · | |
| ROE | 37.7% | 23.3% | 24.7% | 5.7% | 10.9% | -99.5% | -1.3% | 100.6% | · | |
| ROIC | 20.4% | 16.5% | 15.2% | 2.2% | 4.3% | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.6 | 1.7 | 1.7 | 1.5 | 1.4 | 23.1 | 0.9 | · | |
| Quick Ratio | 1.1 | 1.2 | 1.3 | 1.1 | 1.1 | 1.1 | 0.0 | 0.7 | · | |
| Debt / Equity | 0.7 | 1.2 | 1.5 | 2.2 | 2.1 | 4.2 | · | · | · | |
| LT Debt / Equity | 0.7 | 1.2 | 1.4 | 2.2 | 2.1 | 4.2 | · | · | · | |
| Interest Coverage | 21.3 | 9.1 | 4.8 | 1.5 | 2.9 | · | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 | 0.0 | 0.0 | · | |
| Inventory Turnover | 4.8 | 4.8 | 5.2 | 5.7 | 6.5 | 6.8 | · | · | · | |
| Receivables Turnover | 3.7 | 3.6 | 3.4 | 3.3 | 3.5 | 3.4 | · | · | · |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 27.7% | 16.7% | 20.6% | 13.9% | 14.4% | · | · | · | · | |
| Revenue CAGR 3Y | 21.6% | 17.0% | 16.2% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.5% | · | · | · | · | · | · | · | · | |
| EPS YoY | 166.4% | 7.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | 57.1% | · | · | · | · | · | · | · | |
| Net Income YoY | 168.8% | 7.7% | 500.8% | -35.9% | · | · | · | · | · | |
| Net Income CAGR 3Y | 159.1% | 60.6% | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 82.4% | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $10.23B | $8.01B | $6.86B | $5.69B | $5.00B | $4.37B | $4.43B | $4.29B | · | |
| Net Income TTM | $1.33B | $496M | $460M | $77M | $120M | $-327M | $-141M | $-314M | · | |
| Market Cap | $61.98B | $43.25B | $18.34B | $5.15B | $9.38B | $6.39B | · | · | · | |
| Enterprise Value | $63.16B | $44.95B | $20.50B | $8.09B | $11.92B | $8.00B | · | · | · | |
| P/E | 47.5 | 88.8 | 40.4 | -341.5 | 75.7 | -17.4 | -9.3 | -3.7 | · | |
| P/S | 6.1 | 5.4 | 2.7 | 0.9 | 1.9 | 1.5 | · | · | · | |
| P/B | 15.7 | 17.8 | 9.1 | 3.6 | 6.6 | 12.5 | · | · | · | |
| P / Tangible Book | 4842.0 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 29.3 | 32.8 | 20.4 | -33.7 | 44.5 | 30.6 | · | · | · | |
| P / FCF | 32.7 | 37.5 | 23.7 | -20.4 | 68.2 | 38.8 | · | · | · | |
| EV / EBITDA | 29.5 | 27.3 | 17.9 | 15.4 | 24.5 | 39.4 | · | · | · | |
| EV / FCF | 33.4 | 39.0 | 26.5 | -32.0 | 86.7 | 48.7 | · | · | · | |
| EV / Revenue | 6.2 | 5.6 | 3.0 | 1.4 | 2.4 | 1.8 | · | · | · | |
| Dividend Yield | 0.11% | 0.10% | 0.05% | 0.07% | 0.04% | 0.05% | · | · | · | |
| Earnings Yield | 2.1% | 1.1% | 2.5% | -0.29% | 1.3% | -5.7% | -10.8% | -27.0% | · | |
| Payout Ratio | 5.0% | 8.5% | 2.1% | 5.0% | 3.2% | -1.0% | · | · | · | |
| Annual Payout | $67M | $42M | $10M | $4M | $4M | $3M | $0 | $0 | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $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 | |
| Cost of Revenue | $2.04B | $1.65B | $1.76B | $1.67B | $1.74B | $1.35B | $1.48B | $1.32B | $1.21B | $1.07B | $1.18B | $1.11B | $1.14B | $1.03B | $1.14B | $1.05B | |
| SG&A Expense | $494M | $457M | $462M | $414M | $396M | $346M | $362M | $335M | $364M | $314M | $349M | $327M | $328M | $309M | $303M | $295M | |
| Operating Income | $638M | $440M | $580M | $517M | $442M | $291M | $457M | $372M | $336M | $203M | $285M | $251M | $206M | $130M | $162M | $80M | |
| Interest Expense | $17M | $-4M | $17M | $23M | $21M | $25M | $31M | $36M | $45M | $39M | $43M | $44M | $47M | $47M | $46M | $39M | |
| Other Non-op | $-500.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Pretax Income | $620M | $438M | $563M | $492M | $421M | $265M | $245M | $268M | $265M | $-13M | $187M | $146M | $113M | $88M | $84M | $31M | |
| Income Tax | $122M | $48M | $118M | $94M | $97M | $101M | $98M | $92M | $87M | $-7M | $-45M | $52M | $30M | $37M | $57M | $10M | |
| Net Income | $498M | $390M | $446M | $398M | $324M | $164M | $147M | $177M | $178M | $-6M | $233M | $94M | $83M | $50M | $27M | $21M | |
| EPS (Basic) | $1.29 | $1.02 | $1.17 | $1.04 | $0.85 | $0.43 | $0.39 | $0.47 | $0.48 | $-0.02 | $0.61 | $0.25 | $0.22 | $0.13 | $0.07 | $0.06 | |
| EPS (Diluted) | $1.27 | $0.99 | $1.14 | $1.02 | $0.83 | $0.42 | $0.38 | $0.46 | $0.46 | $-0.02 | $0.61 | $0.24 | $0.22 | $0.12 | $0.08 | $0.06 | |
| Shares (Basic) | 384,555,346 | 382,921,496 | -762,641,734 | 382,025,408 | 381,482,996 | 380,845,511 | -752,653,708 | 375,203,364 | 374,734,093 | 379,135,184 | -758,823,511 | 380,899,419 | 379,938,365 | 378,129,786 | -752,853,416 | 377,016,981 | |
| Shares (Diluted) | 392,746,991 | 392,128,170 | -780,232,322 | 390,928,669 | 389,846,827 | 390,109,650 | -761,614,260 | 384,316,065 | 384,488,069 | 379,135,184 | -766,049,118 | 388,240,664 | 382,351,210 | 381,683,511 | -756,170,534 | 377,444,002 | |
| EBITDA | $754M | $548M | · | $592M | $516M | $362M | · | $372M | $336M | $203M | · | $251M | $206M | $130M | · | $80M |
Balance Sheet 30
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.81B | $2.15B | $1.73B | $1.40B | $1.64B | $1.47B | $1.23B | $909M | $580M | $276M | $780M | $500M | $275M | $276M | $261M | $258M | |
| Receivables | $3.75B | $3.15B | $3.11B | $2.81B | $2.83B | $2.31B | $2.36B | $2.33B | $2.22B | $2.10B | · | $2.02B | $2.02B | $1.99B | · | $1.74B | |
| Inventory | $2.52B | $1.83B | $1.46B | $1.44B | $1.41B | $1.38B | $1.24B | $1.26B | $1.10B | $987M | · | $922M | $920M | $904M | · | $804M | |
| Other Current Assets | $601M | $501M | $426M | $361M | $319M | $300M | $267M | $312M | $289M | $272M | · | $179M | $161M | $169M | · | $168M | |
| Current Assets | $9.98B | $7.98B | $6.82B | $6.55B | $6.30B | $5.46B | $5.10B | $4.80B | $4.19B | $3.63B | · | $3.62B | $3.38B | $3.34B | · | $2.97B | |
| PP&E (Net) | $1.18B | $998M | $922M | $698M | $666M | $637M | $625M | $593M | $571M | $565M | · | $509M | $503M | $496M | · | $466M | |
| PP&E (Gross) | · | · | $1.45B | · | · | · | $1.06B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $526M | · | · | · | $434M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $2.28B | $2.02B | $2.03B | $1.44B | $1.37B | $1.34B | $1.32B | $1.35B | $1.32B | $1.32B | $1.33B | $1.28B | $1.30B | $1.30B | $1.28B | $1.25B | |
| Intangibles | $1.80B | $1.81B | $1.89B | $1.51B | $1.45B | $1.46B | $1.49B | $1.57B | $1.58B | $1.62B | · | $1.67B | $1.75B | $1.79B | · | $1.80B | |
| Other Non-current Assets | $90M | $80M | $60M | $75M | $73M | $77M | $92M | $88M | $105M | $111M | · | $122M | $120M | $118M | · | $295M | |
| Total Assets | $15.90B | $13.40B | $12.21B | $10.82B | $10.41B | $9.45B | $9.13B | $8.89B | $8.11B | $7.59B | · | $7.41B | $7.26B | $7.26B | · | $6.83B | |
| Accounts Payable | $2.47B | $1.95B | $1.76B | $1.72B | $1.61B | $1.41B | $1.32B | $1.24B | $1.10B | $984M | · | $932M | $942M | $917M | · | $883M | |
| Accrued Liabilities | $1.06B | $856M | $772M | $681M | $578M | $534M | $613M | $624M | $601M | $542M | · | $555M | $538M | $496M | · | $900M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $17M | |
| Current Liabilities | $7.24B | $5.34B | $4.41B | $3.58B | $3.61B | $3.18B | $3.10B | $3.49B | $3.08B | $2.71B | · | $2.10B | $2.06B | $1.97B | · | $1.84B | |
| Capital Leases | · | · | $245M | · | · | · | $167M | · | · | · | · | · | · | · | · | $106M | |
| Deferred Tax | $234M | $221M | $233M | $285M | $253M | $238M | $240M | $240M | $159M | $155M | · | $178M | $185M | $188M | · | $152M | |
| Other Non-current Liabilities | $410M | $398M | $494M | $317M | $310M | $286M | $282M | $284M | $268M | $264M | · | $232M | $224M | $223M | · | $320M | |
| Total Liabilities | $11.14B | $9.16B | $8.27B | $7.31B | $7.28B | $6.78B | $6.70B | $7.08B | $6.57B | $6.20B | · | $5.70B | $5.60B | $5.70B | · | $5.56B | |
| Long-term Debt | $2.94B | $2.92B | $2.91B | $2.92B | $2.92B | $2.93B | $2.93B | $2.93B | $2.93B | $2.94B | · | $2.94B | $2.95B | $3.18B | · | $3.25B | |
| Total Debt | $2.94B | $2.92B | · | $2.92B | $2.92B | $2.93B | · | $2.93B | $2.93B | $2.94B | · | $2.94B | $2.95B | $3.18B | · | $3.26B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Paid-in Capital | $2.95B | $2.93B | $2.90B | $2.88B | $2.86B | $2.83B | $2.82B | $2.15B | $2.14B | $2.75B | · | $2.70B | $2.68B | $2.66B | · | $2.62B | |
| Retained Earnings | $1.87B | $1.39B | $1.03B | $606M | $222M | $-88M | $-238M | $-371M | $-538M | $-707M | · | $-915M | $-1.01B | $-1.09B | · | $-1.17B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | $606M | · | · | · | · | · | · | |
| AOCI | $-65M | $-76M | $18M | $19M | $45M | $-75M | $-149M | $33M | $-65M | $-39M | · | $-69M | $-10M | $-19M | · | $-189M | |
| Stockholders' Equity | $4.76B | $4.24B | $3.94B | $3.51B | $3.13B | $2.67B | $2.43B | $1.81B | $1.54B | $1.39B | $2.01B | $1.71B | $1.66B | $1.55B | $1.44B | $1.27B | |
| Liabilities + Equity | $15.90B | $13.40B | $12.21B | $10.82B | $10.41B | $9.45B | $9.13B | $8.89B | $8.11B | $7.59B | · | $7.41B | $7.26B | $7.26B | · | $6.83B | |
| Shares Outstanding | 384,936,985 | 383,954,111 | 382,553,680 | 382,258,808 | 381,803,828 | 381,001,144 | 380,703,974 | 375,249,753 | 375,113,127 | 373,969,346 | 381,788,876 | 381,349,156 | 380,365,639 | 379,133,659 | 377,368,837 | 377,058,727 |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $116M | $108M | $88M | $75M | $73M | $72M | $71M | $69M | $68M | $69M | · | · | · | · | · | · | |
| Stock-based Comp | $14M | $17M | $7M | $14M | $13M | $11M | $9M | $8M | $8M | $9M | $6M | $6M | $7M | $6M | $5M | $6M | |
| Amort. of Intangibles | $76M | $80M | $62M | $51M | $50M | $49M | $50M | $48M | $48M | $49M | $49M | $49M | $49M | $49M | $52M | $58M | |
| Restructuring | $-4M | $-5M | $21M | $31M | $2M | $1M | $1M | $6M | $-2M | $300.0K | $5M | $1M | $9M | $13M | $600.0K | $-2M | |
| Other Non-cash | · | $480M | · | · | · | $51M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $1.10B | $767M | $979M | $509M | $323M | $303M | $425M | $378M | $382M | $138M | $356M | $249M | $254M | $42M | $181M | $4M | |
| CapEx | $173M | $113M | $93M | $45M | $45M | $36M | $61M | $36M | $34M | $36M | $48M | $26M | $26M | $28M | $38M | $24M | |
| Investing Cash Flow | $-404M | $-377M | $-608M | $-710M | $-144M | $-39M | $-81M | $-39M | $-45M | $-36M | $-68M | $-27M | $-26M | $-17M | $-37M | $-25M | |
| Debt Issued | $0 | $2.10B | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Debt Issued | · | $2.10B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $600M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $-600M | · | · | · | · | · | · | |
| Dividends Paid | $24M | $24M | $24M | $14M | $14M | $14M | $14M | $9M | $9M | $9M | $10M | $0 | $0 | $0 | · | · | |
| Financing Cash Flow | $-15M | $12M | $-28M | $-11M | $-8M | $-25M | $-12M | $-17M | $-24M | $-603M | $-11M | $7M | $-225M | $-19M | $-144M | $91M | |
| Net Change in Cash | $684M | $401M | $346M | $-212M | $180M | $244M | $315M | $330M | $307M | $-508M | $284M | $225M | $-600.0K | $8M | $4M | $63M | |
| Free Cash Flow | · | $654M | · | · | · | $267M | · | · | · | $102M | · | · | · | $14M | · | · | |
| Levered FCF | · | $658M | · | · | · | $251M | · | · | · | $84M | · | · | · | $-13M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 19.5% | 16.6% | · | 19.3% | 16.8% | 14.3% | · | 17.9% | 17.2% | 12.4% | · | 14.4% | 11.9% | 8.6% | · | 5.4% | |
| Net Margin | 15.2% | 14.7% | · | 14.9% | 12.3% | 8.1% | · | 8.5% | 9.1% | -0.36% | · | 5.4% | 4.8% | 3.3% | · | 1.4% | |
| Pretax Margin | 18.9% | 16.5% | · | 18.4% | 16.0% | 13.0% | · | 13.0% | 13.6% | -0.79% | · | 8.4% | 6.5% | 5.8% | · | 2.1% | |
| EBITDA Margin | 23.0% | 20.7% | · | 22.1% | 19.6% | 17.8% | · | 17.9% | 17.2% | 12.4% | · | 14.4% | 11.9% | 8.6% | · | 5.4% | |
| ROA | 3.8% | 3.4% | · | 4.0% | 3.5% | 1.9% | · | 2.2% | 2.3% | -0.08% | · | 1.3% | 1.2% | 0.71% | · | 0.35% | |
| ROE | 12.6% | 11.3% | · | 15.0% | 13.9% | 8.1% | · | 10.0% | 11.2% | -0.40% | · | 6.3% | 5.5% | 3.4% | · | 2.1% | |
| ROIC | 6.7% | 5.5% | · | 6.5% | 5.6% | 3.2% | · | 5.1% | 5.1% | 2.1% | · | 3.5% | 3.3% | 1.6% | · | 1.2% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 1.5 | · | 1.8 | 1.7 | 1.7 | · | 1.4 | 1.4 | 1.3 | · | 1.7 | 1.6 | 1.7 | · | 1.6 | |
| Quick Ratio | 0.9 | 1.0 | · | 1.2 | 1.2 | 1.2 | · | 0.9 | 0.9 | 0.9 | · | 1.2 | 1.1 | 1.2 | · | 1.1 | |
| Debt / Equity | 0.6 | 0.7 | · | 0.8 | 0.9 | 1.1 | · | 1.6 | 1.9 | 2.1 | · | 1.7 | 1.8 | 2.0 | · | 2.6 | |
| LT Debt / Equity | 0.6 | 0.7 | · | 0.8 | 0.9 | 1.1 | · | 1.6 | 1.9 | 2.1 | · | 1.7 | 1.8 | 2.0 | · | 2.5 | |
| Interest Coverage | 36.7 | -100.0 | · | 22.7 | 20.8 | 11.5 | · | 10.4 | 7.5 | 5.2 | · | 5.8 | 4.4 | 2.8 | · | 2.1 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.0 | 1.0 | · | 1.2 | 1.4 | 1.1 | · | 1.2 | 1.2 | 1.1 | · | 1.3 | 1.3 | 1.2 | · | 1.5 | |
| Receivables Turnover | 1.0 | 1.0 | · | 1.0 | 1.0 | 0.9 | · | 1.0 | 0.9 | 0.8 | · | 0.9 | 0.9 | 0.9 | · | 0.9 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.24B | $10.00B | · | $9.42B | $8.70B | $7.70B | · | $7.41B | $7.07B | $6.64B | · | $6.48B | $6.14B | $5.56B | · | $5.27B | |
| Net Income TTM | $1.61B | $1.28B | · | $1.06B | $843M | $513M | · | $443M | $350M | $222M | · | $249M | $175M | $100M | · | $106M | |
| Market Cap | $128.88B | $96.21B | · | $57.67B | $49.03B | $27.51B | · | $37.33B | $32.47B | $30.54B | · | $14.19B | $9.42B | $5.43B | · | $3.67B | |
| Enterprise Value | $129.01B | $96.98B | · | $59.19B | $50.31B | $28.97B | · | $39.36B | $34.83B | $33.20B | · | $16.63B | $12.10B | $8.33B | · | $6.67B | |
| P/E | 81.5 | 76.9 | · | 55.3 | 59.2 | 54.7 | · | 87.3 | 96.2 | 145.8 | · | 58.1 | 55.0 | · | · | 324.0 | |
| P/S | 11.5 | 9.6 | · | 6.1 | 5.6 | 3.6 | · | 5.0 | 4.6 | 4.6 | · | 2.2 | 1.5 | 1.0 | · | 0.7 | |
| P/B | 27.1 | 22.7 | · | 16.4 | 15.7 | 10.3 | · | 20.6 | 21.1 | 21.9 | · | 8.3 | 5.7 | 3.5 | · | 2.9 | |
| P / Tangible Book | 191.4 | 231.7 | · | 103.6 | 165.0 | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | 125.5 | · | · | · | 90.7 | · | · | · | 222.1 | · | · | · | 129.2 | · | · | |
| P / FCF | · | 147.1 | · | · | · | 103.1 | · | · | · | 300.3 | · | · | · | 382.1 | · | · | |
| EV / EBITDA | 171.2 | 177.0 | · | 100.0 | 97.6 | 80.0 | · | 105.9 | 103.7 | 163.9 | · | 66.3 | 58.8 | 63.9 | · | 83.4 | |
| EV / FCF | · | 148.2 | · | · | · | 108.6 | · | · | · | 326.5 | · | · | · | 586.4 | · | · | |
| EV / Revenue | 11.5 | 9.7 | · | 6.3 | 5.8 | 3.8 | · | 5.3 | 4.9 | 5.0 | · | 2.6 | 2.0 | 1.5 | · | 1.3 | |
| Earnings Yield | 1.2% | 1.3% | · | 1.8% | 1.7% | 1.8% | · | 1.1% | 1.0% | 0.69% | · | 1.7% | 1.8% | 0.00% | · | 0.31% | |
| Payout Ratio | · | 6.1% | · | · | · | 8.6% | · | · | · | -157.6% | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $10.23B | $8.01B | $6.86B | $5.69B | $5.00B |
| Operating Margin % | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% |
| Net Income | $1.33B | $496M | $460M | $77M | $120M |
| Diluted EPS | $3.41 | $1.28 | $1.19 | $-0.04 | $0.33 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 1.2 | 1.5 | 2.2 | 2.1 |
| Current Ratio | 1.5 | 1.6 | 1.7 | 1.7 | 1.5 |
| Quick Ratio | 1.1 | 1.2 | 1.3 | 1.1 | 1.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.89B | $1.15B | $773M | $-253M | $138M |
Latest News Recent headlines mentioning this company
- Why Vertiv Is 1 of the Best-Kept Secrets of the AI Data Center Boom
- AST SpaceMobile vs. Vertiv: Comparing Revenue Scale and Consistency
- Vertiv CEO makes critical comment as stock crashes
- Vertiv Holdings (VRT) Sees Robust Growth Ahead as AI Infrastructure Spending Accelerates
- How Vertiv (VRT) Is Expanding Its AI Data Center Cooling Platform Through the ThermoKey Acquisition
- Could This Powerful AI Infrastructure Stock Be a Millionaire-Maker?
- Is Vertiv Holdings Co (VRT) A Good Stock To Buy Now?
- Data Centers Want to Save Water. Vertiv Holdings Co (VRT) Has a New Solution
- Opposition to AI Data Centers Is Exploding Across the Country. This Nuclear Start-up Might Have the Perfect Solution.
- Morgan Stanley Raises Vertiv (VRT) Target by $65
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 2,216 filers · $67.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 350 (-55 vs prior Q) | 101 (-20 vs prior Q) | 824 (+177 vs prior Q) | 709 (+37 vs prior Q) | +815K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $8,399,949,093 | 25,087,955 | 12.45% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,996,482,227 | 17,909,570 | 8.89% | Shares |
| STATE STREET CORP | $5,535,086,875 | 16,531,530 | 8.20% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,611,409,866 | 7,806,557 | 3.87% | Shares |
| JANE STREET GROUP, LLC | $1,979,589,768 | 5,912,400 | 2.93% | Put option |
| NORGES BANK | $1,626,985,469 | 4,859,284 | 2.41% | Shares |
| JANE STREET GROUP, LLC | $1,182,048,528 | 3,530,400 | 1.75% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $1,096,464,853 | 3,274,789 | 1.63% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,047,794,748 | 3,129,427 | 1.55% | Shares |
| FMR LLC | $896,106,839 | 2,676,384 | 1.33% | Shares |
| CITADEL ADVISORS LLC | $755,153,028 | 2,255,400 | 1.12% | Put option |
| CITADEL ADVISORS LLC | $751,001,260 | 2,243,000 | 1.11% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $739,032,115 | 2,207,252 | 1.10% | Shares |
| COOPERMAN LEON G | $722,470,913 | 2,157,789 | 1.07% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $705,870,531 | 2,108,209 | 1.05% | Shares |
| Robeco Institutional Asset Management B.V. | $641,726,724 | 1,916,632 | 0.95% | Shares |
| Pictet Asset Management Holding SA | $628,225,280 | 1,878,379 | 0.93% | Shares |
| Clearbridge Investments, LLC | $619,876,777 | 1,851,373 | 0.92% | Shares |
| UBS Group AG | $603,834,477 | 1,803,460 | 0.89% | Shares |
| BANK OF AMERICA CORP /DE/ | $566,795,747 | 1,692,837 | 0.84% | Shares |
| GOLDMAN SACHS GROUP INC | $525,847,839 | 1,570,539 | 0.78% | Shares |
| PEAK6 LLC | $520,812,510 | 1,555,500 | 0.77% | Call option |
| BARCLAYS PLC | $501,325,986 | 1,497,300 | 0.74% | Put option |
| Value Aligned Research Advisors, LLC | $481,406,540 | 1,437,807 | 0.71% | Shares |
| JENNISON ASSOCIATES LLC | $429,381,438 | 1,282,425 | 0.64% | Shares |
| Walleye Trading LLC | $368,134,590 | 1,099,500 | 0.55% | Call option |
| AMERIPRISE FINANCIAL INC | $360,735,455 | 1,077,490 | 0.53% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $353,021,161 | 1,054,361 | 0.52% | Shares |
| Swiss National Bank | $343,237,375 | 1,025,140 | 0.51% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $337,478,666 | 1,007,941 | 0.50% | Shares |
| Mirova US LLC | $330,906,959 | 988,313 | 0.49% | Shares |
| BAMCO INC /NY/ | $328,063,667 | 979,821 | 0.49% | Shares |
| Polar Capital Holdings Plc | $324,983,323 | 970,621 | 0.48% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $305,305,952 | 911,851 | 0.45% | Shares |
| Value Aligned Research Advisors, LLC | $305,021,020 | 911,000 | 0.45% | Call option |
| Sumitomo Mitsui Trust Group, Inc. | $295,987,576 | 884,020 | 0.44% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $294,874,463 | 880,700 | 0.44% | Shares |
| BlackRock, Inc. | $280,172,689 | 836,786 | 0.42% | Shares |
| Vanguard Global Advisers, LLC | $279,326,598 | 834,259 | 0.41% | Shares |
| LPL Financial LLC | $269,445,858 | 804,749 | 0.40% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $266,913,204 | 797,184 | 0.40% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $264,940,387 | 791,292 | 0.39% | Shares |
| California Public Employees Retirement System | $264,208,471 | 789,106 | 0.39% | Shares |
| D. E. Shaw & Co., Inc. | $263,135,038 | 785,900 | 0.39% | Put option |
| BARCLAYS PLC | $257,141,760 | 768,000 | 0.38% | Shares |
| MILLENNIUM MANAGEMENT LLC | $253,060,639 | 755,811 | 0.38% | Shares |
| NEW SOUTH CAPITAL MANAGEMENT INC | $249,955,853 | 746,538 | 0.37% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $247,509,323 | 739,231 | 0.37% | Shares |
| Impax Asset Management Group plc | $244,252,006 | 729,503 | 0.36% | Shares |
| Legal & General Group Plc | $223,001,505 | 666,034 | 0.33% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $222,939,897 | 665,850 | 0.33% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $222,159,766 | 663,520 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $218,199,722 | 651,693 | 0.32% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $218,126,526 | 651,474 | 0.32% | Shares |
| National Pension Service | $213,939,266 | 638,968 | 0.32% | Shares |
| Robeco Schweiz AG | $213,588,374 | 637,920 | 0.32% | Shares |
| MARSHALL WACE, LLP | $204,708,279 | 611,398 | 0.30% | Shares |
| US BANCORP \DE\ | $200,762,760 | 599,614 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $199,728,501 | 596,525 | 0.30% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $191,732,329 | 572,643 | 0.28% | Shares |
| RAYMOND JAMES FINANCIAL INC | $188,584,280 | 563,241 | 0.28% | Shares |
| Ensign Peak Advisors, Inc | $179,697,559 | 536,699 | 0.27% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $155,127,370 | 478,936 | 0.23% | Shares |
| Cannell & Spears LLC | $149,980,275 | 447,943 | 0.22% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $142,451,177 | 425,456 | 0.21% | Shares |
| Blue Whale Capital LLP | $140,796,832 | 420,515 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $139,410,434 | 556,351 | 0.21% | Shares |
| STATE OF MICHIGAN RETIREMENT SYSTEM | $137,473,744 | 410,590 | 0.20% | Shares |
| COATUE MANAGEMENT LLC | $137,374,302 | 410,293 | 0.20% | Shares |
| LOCUST WOOD CAPITAL ADVISERS, LLC | $136,521,814 | 407,747 | 0.20% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $129,883,709 | 387,921 | 0.19% | Shares |
| Atika Capital Management LLC | $129,260,274 | 386,059 | 0.19% | Shares |
| FIRST MANHATTAN CO. LLC. | $129,020,543 | 385,343 | 0.19% | Shares |
| GOLDMAN SACHS GROUP INC | $127,298,564 | 380,200 | 0.19% | Put option |
| PANAGORA ASSET MANAGEMENT INC | $126,459,840 | 377,695 | 0.19% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $126,191,314 | 376,893 | 0.19% | Shares |
| Temasek Holdings (Private) Ltd | $125,790,200 | 375,695 | 0.19% | Shares |
| Chescapmanager LLC | $124,553,040 | 372,000 | 0.18% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $119,846,473 | 357,943 | 0.18% | Shares |
| Styrax Capital, LP | $117,187,000 | 350,000 | 0.17% | Shares |
| Walleye Trading LLC | $116,480,530 | 347,890 | 0.17% | Shares |
| FRED ALGER MANAGEMENT, LLC | $116,292,365 | 347,328 | 0.17% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $114,608,886 | 342,300 | 0.17% | Shares |
| Korea Investment CORP | $113,611,122 | 339,320 | 0.17% | Shares |
| Zuckerman Investment Group, LLC | $111,307,023 | 332,438 | 0.16% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $111,293,833 | 332,399 | 0.16% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $110,723,635 | 330,696 | 0.16% | Shares |
| WOLVERINE TRADING, LLC | $110,649,651 | 772,100 | 0.16% | Call option |
| TCW GROUP INC | $109,881,562 | 328,181 | 0.16% | Shares |
| Holocene Advisors, LP | $108,816,500 | 325,000 | 0.16% | Shares |
| Migdal Insurance & Financial Holdings Ltd. | $107,164,498 | 320,066 | 0.16% | Shares |
| AVIVA PLC | $106,782,803 | 318,926 | 0.16% | Shares |
| Walleye Trading LLC | $105,736,156 | 315,800 | 0.16% | Put option |
| STRS OHIO | $105,404,349 | 314,809 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $105,166,962 | 314,100 | 0.16% | Call option |
| SEB Asset Management AB | $104,994,772 | 313,586 | 0.16% | Shares |
| Hardman Johnston Global Advisors LLC | $104,287,055 | 311,472 | 0.15% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $102,100,929 | 330,319 | 0.15% | Shares |
| Cetera Investment Advisers | $101,849,195 | 304,191 | 0.15% | Shares |
| Chicago Capital, LLC | $100,737,870 | 300,872 | 0.15% | Shares |
Company insiders 39 insiders · 25 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Giordano Albertazzi | Chief Executive Officer | June 25, 2026 A | 166,111 | 0 | 0 | $0 |
| Robert Joseph Johnson | Chief Executive Officer | March 3, 2022 A | 828,983 | 0 | 0 | $0 |
| Craig Chamberlin | Chief Financial Officer | June 25, 2026 A | 5,597 | 0 | 0 | $0 |
| David Joseph Fallon | Chief Financial Officer | March 18, 2022 P | 220,679 | 0 | 0 | $0 |
| Wei Shen | President, Greater China | June 25, 2026 A | 3,320 | 0 | 0 | $0 |
| Paul Ryan | President EMEA | June 25, 2026 A | 18,632 | 0 | 2 | $-3,005,122 |
| Karsten Winther | President, EMEA | Aug. 14, 2025 M | 18,848 | 0 | 0 | $0 |
| Yibin Edward Cui | President - Greater China | May 4, 2024 S | 19,452 | 0 | 0 | $0 |
| John D. Hewitt | President - Americas | March 3, 2022 A | 160,068 | 0 | 0 | $0 |
| Robert Jincheng Zhu | President Vertiv North Asia | Feb. 26, 2021 A | — | 0 | 0 | $0 |
| Jason Forcier | COO & EVP, Infra. & Solutions | March 3, 2022 A | 163,278 | 0 | 0 | $0 |
| Scott Armul | Chief Product and Tech Officer | June 25, 2026 A | 32,037 | 0 | 0 | $0 |
| Frank Poncheri | Chief Human Resources Officer | June 25, 2026 A | 16,660 | 0 | 0 | $0 |
| Eric M. Johnson | Chief Accounting Officer | June 25, 2026 A | 1,942 | 0 | 0 | $0 |
| Anders Karlborg | EVP, Man., Logistics and Op Ex | June 25, 2026 A | 34,610 | 0 | 4 | $-7,527,885 |
| Anand Sanghi | Pres. Americas | June 25, 2026 A | 36,368 | 0 | 0 | $0 |
| Stephanie L Gill | Chief Legal Officer & Sec. | June 25, 2026 A | 34,429 | 0 | 0 | $0 |
| David M Cote | Executive Chairman | Feb. 26, 2026 S | 22,258 | 0 | 8 | $-10,211,593 |
| Stephen Liang | Chief Technology Officer & EVP | Nov. 24, 2025 S | 4,050 | 0 | 1 | $-937,810 |
| Scott Cripps | Chief Accounting Officer | March 8, 2024 M | 0 | 0 | 0 | $0 |
| Patrick R. Johnson | ExVP Integrated Rack Solutions | March 16, 2022 P | 167,912 | 0 | 0 | $0 |
| Gary John Niederpruem | Chief Strategy & Dev. Officer | March 3, 2022 A | 135,503 | 0 | 0 | $0 |
| Colin Flannery | Title: General Counsel and Corporate Secretary | Feb. 7, 2020 A | — | 0 | 0 | $0 |
| Steve Lalla | Title: Executive Vice President of Service and Software Solutions | Feb. 7, 2020 A | — | 0 | 0 | $0 |
| Andrew Cole | Title: Chief Organizational Development and Human Resources Office | Feb. 7, 2020 A | — | 0 | 0 | $0 |
| Krishna Mikkilineni | Director | June 17, 2026 A | — | 0 | 0 | $0 |
| Edward L Monser | Director | March 6, 2026 M | 16,500 | 0 | 12 | $-18,974,829 |
| Roger Fradin | Director | Feb. 27, 2026 S | 30,000 | 0 | 20 | $-51,397,593 |
| Jan Van Dokkum | Director | Feb. 26, 2026 M | 25,000 | 0 | 2 | $-9,849,837 |
| Steven Reinemund | Director | Feb. 26, 2026 S | 0 | 0 | 19 | $-38,216,523 |
| Jakki L. Haussler | Director | Sept. 8, 2025 M | 4,631 | 0 | 2 | $-1,943,099 |
| Matthew Louie | Director | March 7, 2024 A | — | 0 | 0 | $0 |
| Jacob Kotzubei | Director | March 7, 2024 A | — | 0 | 0 | $0 |
| Robin L Washington | Director | March 3, 2022 A | — | 0 | 0 | $0 |
| GSAM Holdings LLC | 10% owner | June 27, 2018 P | 0 | 0 | 0 | $0 |
| Erin Dowd | — | March 3, 2022 A | 26,203 | 0 | 0 | $0 |
| Sheryl Haislet | — | March 3, 2022 A | 13,296 | 0 | 0 | $0 |
| GS DC Sponsor I LLC | — | Feb. 7, 2020 J | 0 | 0 | 0 | $0 |
| James F Albaugh | — | Feb. 7, 2020 A | 55,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| VPE Holdings, LLC, Vertiv JV Holdings, LLC, PE Vertiv Holdings, LLC, Platinum Equity Partners III, LLC, Platinum Equity Investment Holdings III, LLC, Platinum Equity InvestCo, L.P., Platinum Equity Investment Holdings IC (Cayman), LLC, Platinum Equity Investment Holdings, LLC, Platinum Equity, LLC, Tom Gores ×6 filings | Aug. 9, 2023 | — | Initial filing | — | SEC |
| STARBOARD VALUE LP, STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE AND OPPORTUNITY C LP, STARBOARD P FUND LP, STARBOARD VALUE P GP LLC, STARBOARD VALUE R LP, STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP, STARBOARD VALUE L LP, STARBOARD VALUE R GP LLC, STARBOARD X MASTER FUND LTD, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, PETER A. FELD ×3 filings | July 21, 2023 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 211 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AIPO · Tidal Trust II | 7.24% | 172,107 NS | May 31, 2026 | N-PORT |
| PWRD · TCW ETF Trust | 7.05% | 316,521 NS | April 30, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 6.06% | 3,366 NS | April 30, 2026 | N-PORT |
| EGGY · Tidal Trust III | 4.93% | 19,722 NS | May 31, 2026 | N-PORT |
| HVAC · AdvisorShares Trust | 4.89% | 2,385 NS | June 30, 2026 | N-PORT |
| AIFD · TCW ETF Trust | 4.87% | 15,908 NS | April 30, 2026 | N-PORT |
| TCAI · Tortoise Capital Series Trust | 4.46% | 30,655 NS | May 31, 2026 | N-PORT |
| EGGQ · Tidal Trust III | 4.46% | 12,318 NS | May 31, 2026 | N-PORT |
| GRZZ · Tidal Trust II | 3.98% | 4,504 NS | April 30, 2026 | N-PORT |
| MID · AMERICAN CENTURY ETF TRUST | 3.79% | 11,949 NS | May 31, 2026 | N-PORT |
| AIS · Tidal Trust III | 3.74% | 82,684 NS | May 31, 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 3.66% | 55,438 NS | April 30, 2026 | N-PORT |
| FMTM · EA Series Trust | 3.43% | 12,160 NS | April 30, 2026 | N-PORT |
| MADE · iShares Trust | 3.38% | 7,776 SH | Aug. 21, 2026 | Daily |
| VOLT · Tema ETF Trust | 3.33% | 76,305 NS | May 31, 2026 | N-PORT |
| WLTG · ETF Opportunities Trust | 3.26% | 7,547 NS | April 30, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 2.82% | 2,942,659 SH | Aug. 19, 2026 | Daily |
| AMID · EA Series Trust | 2.73% | 9,083 NS | May 29, 2026 | N-PORT |
| CBLS · Elevation Series Trust | 2.62% | 4,240 NS | April 30, 2026 | N-PORT |
| CBSE · Elevation Series Trust | 2.57% | 3,740 NS | April 30, 2026 | N-PORT |
| PPI · INVESTMENT MANAGERS SERIES TRUST II | 2.36% | 10,903 NS | June 30, 2026 | N-PORT |
| CHPX · Global X Funds | 2.28% | 18,625 NS | May 31, 2026 | N-PORT |
| CARK · Advisors' Inner Circle Fund II | 2.28% | 21,481 NS | April 30, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 2.20% | 301 NS | April 30, 2026 | N-PORT |
| AGRW · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 2.09% | 6,774 NS | April 30, 2026 | N-PORT |
| JHAI · Janus Detroit Street Trust | 2.03% | 1,270 NS | April 30, 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.88% | 84,979 NS | April 30, 2026 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 1.82% | 134,611 SH | Aug. 21, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 1.71% | 107,729 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 1.63% | 441,349 SH | Aug. 19, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 1.63% | 2,685 NS | April 30, 2026 | N-PORT |
| GVIP · Goldman Sachs ETF Trust | 1.62% | 29,294 NS | May 31, 2026 | N-PORT |
| QGRO · AMERICAN CENTURY ETF TRUST | 1.58% | 110,325 NS | May 31, 2026 | N-PORT |
| BRIF · FIS Trust | 1.52% | 7,104 NS | May 31, 2026 | N-PORT |
| NUGO · Nushares ETF Trust | 1.48% | 128,082 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 1.40% | 1,261 NS | May 31, 2026 | N-PORT |
| HFGO · Hartford Funds Exchange-Traded Trust | 1.37% | 7,553 NS | April 30, 2026 | N-PORT |
| DECO · SSGA Active Trust | 1.31% | 629 NS | April 30, 2026 | N-PORT |
| SRVR · Pacer Funds Trust | 1.24% | 14,857 NS | April 30, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 1.22% | 8,178,949 SH | Aug. 19, 2026 | Daily |
| HECO · SSGA Active Trust | 1.19% | 2,971 NS | April 30, 2026 | N-PORT |
| PWB · Invesco Exchange-Traded Fund Trust | 1.19% | 109,158 SH | Aug. 21, 2026 | Daily |
| FOWF · Pacer Funds Trust | 1.16% | 524 NS | April 30, 2026 | N-PORT |
| DUHP · Dimensional ETF Trust | 1.16% | 400,755 NS | April 30, 2026 | N-PORT |
| CHAT · Tidal Trust II | 1.11% | 48,213 NS | April 30, 2026 | N-PORT |
| RBLD · First Trust Exchange-Traded Fund II | 1.11% | 1,339 NS | June 30, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.08% | 43,164 SH | Aug. 21, 2026 | Daily |
| ROE · EA Series Trust | 1.07% | 8,813 NS | May 29, 2026 | N-PORT |
| TEKX · SSGA Active Trust | 1.07% | 197 NS | April 30, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 1.04% | 40,282 NS | April 30, 2026 | N-PORT |