VRT
Vertiv Holdings Co

Vertiv Holdings CoVRT

Industrials · Electrical Equipment & Parts
249.39USD
+3.27%
Sep 23, 2026
VRT overview ready
Provider of AI Data Center Power and Thermal Systems
Vertiv supplies and services the critical power-delivery, thermal-management, rack, modular-infrastructure and controls systems required to deploy and operate high-density data centers, with growing exposure to AI clusters that require more power per rack and increasingly liquid-based cooling.
Direct narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — infrastructure supplier.
Price structure is giving way
Longer-term context reads new trend, with a near-term setup of constructive pullback.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Exposure to capital spending cycles in data center and communication infrastructure markets.
Market Sep 18Filing Jun 30Price action Aug 7Research Aug 3

Conviction Level

NarrativeHeat9.5ThemeHeat9.3PriceAction7.5Valuation3.2CompanyPosition9.3
Price
Loading price history…

Price Action

Price structure is giving way
Longer-term context reads new trend, with a near-term setup of constructive pullback.

Key Financials

Market Cap
$96.0B
Avg Volume (60D)
6.5M
60 sessions
Revenue Growth YoY
+27.7%
FY2025 vs FY2024
Gross Margin
+35.7%
Trailing twelve months
Operating Margin
+18.9%
Trailing twelve months
Free Cash Flow Yield
+3.1%
Next Earnings
2026-10-21
P/E
55.4x
EV / EBITDA
37.5x
EV / Sales
8.4x
Market metrics as of Sep 18, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Vertiv Holdings Co has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 3.1% free-cash-flow yield and 37.5x EBITDA, which require sustained delivery to be justified.

What changed

  • Vertiv (VRT) Stock Stays Fairly Priced Following Its $2.6B AI Power Deal
    Dated 2026-09-15.
    2026-09-15 · source
  • Vertiv Bets $2.6 Billion on Grid, Microgrid Solutions for AI Data Centers
    Dated 2026-09-02.
    2026-09-02 · source
  • Vertiv to Acquire Utility Innovation in Up to $2.6 Billion Deal
    Dated 2026-09-02.
    2026-09-02 · source
  • Vertiv Holdings Co — 8-K (items 1.01, 7.01, 9.01)
    Reported on 8-K, dated 2026-09-02.
    2026-09-02 · source

Company Research

Thesis
Vertiv supplies and services the critical power-delivery, thermal-management, rack, modular-infrastructure and controls systems required to deploy and operate high-density data centers, with growing exposure to AI clusters that require more power per rack and increasingly liquid-based cooling.
Opportunity
High opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to capital spending cycles in data center and communication infrastructure markets.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with strong fit.
VRT Thermal Systems theme and has direct revenue exposure to the physical infrastructure required by AI-capacity construction.
Narrative HeatHot9.5 / 10
Theme HeatHot9.3 / 10
This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Industrials · Electrical Equipment & Parts
What they do

Vertiv Holdings Co designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments globally.

How it earns

The company generates revenue primarily through transactional sales of products and project-based services related to power management and thermal solutions.

Products & services
AC and DC power management products
Thermal management products including air cooled and liquid cooled systems
Low/medium voltage switchgear and busbar
Integrated modular solutions and racks
Rack power distribution and rack thermal systems
Configurable integrated solutions
Customers & end markets
Data centers
Communication networks
Commercial and industrial environments
Market position

Vertiv is a leading provider in data center power and thermal management systems with strong AI-cooling design wins.

Demand drivers
Medium cyclicality

Demand is influenced by capital expenditure cycles in data centers and communication infrastructure but supported by ongoing digital infrastructure growth.