VRT
Vertiv Holdings Co

Vertiv Holdings CoVRT

Industrials · Electrical Equipment & Parts
182.86USD
+3.47%
Nov 08, 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.
Primary theme is lagging
AI Infrastructure is lagging (-29.6pp vs SPY over 21 sessions; 0 of 16 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to capital spending cycles in data center and communication infrastructure markets.
Market Nov 6Filing Sep 30Price action Nov 7Research Aug 3

Conviction Level

PriceAction1.4BusinessPerformance9.0BusinessQuality8.3Valuation3.8ThemeMomentum1.0Accelerating — Revenue growth has accelerated, rising from +24% to +61% year over year. Diluted EPS is up 91% year over year at $1.95. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−29.6pp
Theme return
−34.5%
Beating SPY
0 of 16
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$70.4B
Avg Volume (60D)
6.8M
60 sessions
Revenue Growth YoY
+27.7%
FY2025 vs FY2024
Gross Margin
+35.9%
Trailing twelve months
Operating Margin
+20.1%
Trailing twelve months
Free Cash Flow Yield
+4.5%
Distance from 200DMA
-32.6%
P/E
33.6x
EV / EBITDA
22.8x
EV / Sales
5.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated, rising from +24% to +61% year over year. Diluted EPS is up 91% year over year at $1.95.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+61%
$4.31B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +23%
  2. +30%
  3. +24%
  4. +61%
Earnings growthGrowing
+91%
Diluted EPS $1.95 vs $1.02 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +200%
  2. +136%
  3. +53%
  4. +91%
Operating marginExpanding
22.8%
+3.5 pp YoY

Business Quality

8.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Vertiv Holdings Co has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • VRT fell 14.0% in one session
    VRT closed -14.0% against a broad market that moved -4.4%.
    2026-11-05
  • VRT fell 12.9% in one session
    VRT closed -12.9% against a broad market that moved +1.6%.
    2026-11-04
  • Vertiv Holdings Co — 8-K (items 2.02, 7.01, 9.01)
    Reported on 8-K, dated 2026-10-28. VRT closed +16.5% while the broad market was close to flat (+0.3%).
    2026-10-28 · source
  • Vertiv Holdings Co — 8-K (items 7.01, 9.01)
    Reported on 8-K, dated 2026-10-26.
    2026-10-26 · 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.

Economic classification

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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.