Makes data-center power, cooling, and critical-infrastructure equipment.
Sector: United States — large cap (SEC filings)
US_VRT
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/VRT
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 3.3 y/y 24.1% | 0.6 y/y 44.2% | 0.1 y/y 58.0% | 0.8 y/y 46.2% | 0.5 y/y 53.5% | 1.1 | -0.2 | 15.9 y/y 52.8% | 4.8 y/y 52.2% | 44.2% | 0.2 | SEC EDGAR |
| 2026-03-31 | Q1 2026 (3M) | OK | 2.6 y/y 30.1% | 0.4 y/y 51.4% | 0.1 y/y 50.4% | 0.5 y/y 51.2% | 0.4 y/y 137.1% | 0.8 | -0.1 | 13.4 y/y 41.8% | 4.2 y/y 59.2% | 38.1% | 0.8 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 2.9 y/y 22.7% | 0.6 y/y 26.8% | 0.1 y/y 24.4% | 0.7 y/y 26.5% | 0.4 y/y 203.1% | 1.0 | -1.3 | 12.2 y/y 33.7% | 3.9 y/y 61.9% | 35.8% | 1.5 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 2.7 y/y 29.0% | 0.5 y/y 39.0% | 0.1 y/y 9.4% | 0.6 y/y 34.4% | 0.4 y/y 125.7% | 0.5 | 0.0 | 10.8 y/y 21.6% | 3.5 y/y 93.5% | 16.0% | 1.6 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 2.6 y/y 35.1% | 0.4 y/y 31.7% | 0.1 y/y 7.2% | 0.5 y/y 27.5% | 0.3 y/y 82.0% | 0.3 | 0.0 | 10.4 y/y 28.3% | 3.1 y/y 103.3% | 44.8% | 1.3 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 2.0 y/y 24.2% | 0.3 y/y 43.5% | 0.1 y/y 4.2% | 0.4 y/y 33.5% | 0.2 y/y — | 0.3 | 0.0 | 9.5 y/y 24.5% | 2.7 y/y 91.4% | 25.8% | 1.5 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 2.3 y/y 25.8% | 0.5 y/y 60.3% | 0.1 y/y 3.0% | 0.5 y/y 49.2% | 0.1 y/y -36.8% | 0.4 | -0.1 | 9.1 y/y 14.2% | 2.4 y/y 20.8% | 23.3% | 1.9 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 2.1 y/y 19.0% | 0.4 y/y 48.1% | 0.1 y/y 1.0% | 0.4 y/y 38.0% | 0.2 y/y 87.7% | 0.4 | 0.0 | 8.9 y/y 19.9% | 1.8 y/y 5.8% | 14.1% | 2.1 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 2.0 y/y 12.6% | 0.3 y/y 63.3% | 0.1 y/y 1.6% | 0.4 y/y 48.1% | 0.2 y/y 114.1% | 0.4 | 0.0 | 8.1 y/y 11.7% | 1.5 y/y -7.3% | 48.6% | 2.4 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 1.6 y/y 7.8% | 0.2 y/y 55.5% | 0.1 y/y 3.2% | 0.3 y/y 37.8% | 0.0 y/y -111.7% | 0.1 | 0.0 | 7.6 y/y 4.6% | 1.4 y/y -10.1% | -1.4% | 2.7 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 1.9 y/y — | 0.3 y/y — | 0.1 y/y — | 0.4 y/y — | 0.2 y/y — | 0.4 | -0.1 | 8.0 y/y — | 2.0 y/y — | 24.7% | 2.3 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 1.7 y/y — | 0.3 y/y — | 0.1 y/y — | 0.3 y/y — | 0.1 y/y — | 0.2 | 0.0 | 7.4 y/y — | 1.7 y/y — | 7.4% | 2.5 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 1.7 y/y — | 0.2 y/y — | 0.1 y/y — | 0.3 y/y — | 0.1 y/y — | 0.3 | 0.0 | 7.3 y/y — | 1.7 y/y — | 20.7% | 2.7 | Link |
| 2023-03-31 | Q1 2023 (3M) | OK | 1.5 y/y — | 0.1 y/y — | 0.1 y/y — | 0.2 y/y — | 0.1 y/y — | 0.0 | 0.0 | 7.3 y/y — | 1.6 y/y — | — | 2.9 | Link |
| Short-term debt (incl. ST leases) | 82 |
| Long-term debt (incl. LT leases) | 2 940 |
| − Cash & equivalents | 2 811 |
| Net debt | 211 |
|---|
Net debt / LTM EBITDA: 0.1x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
| year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| cash flow / profit | -2.00x | 1.96x | 2.66x | 1.59x |
| accruals, % of assets | 3.2% | -5.5% | -9.0% | -6.4% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: +18.5%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30) = (754 − 516) × 3.40 | 809 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (95 172 + 211) ÷ 2 562 | 30.0x — capped at 30x |
| 3. Target multiple (Current EV/EBITDA + 12) ÷ 2 = (30.0 + 12) ÷ 2 | 21.0x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 1 125 + 38 + 0 − 0 | 1 163 |
| 4b. Share dilution (at market, LTM) Share-count growth over the year × Market cap = 0.6% × 95 172 | −557 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (809 × 21.0 + 1 163 − 557) ÷ 95 172 | +18.5% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
Current 37.9x · 3-year 75th pct 33.1x
Group: utilities (US). Every peer trades on the same market, so no adjustment is needed.
| Company | Market | Cap, $bn | EV/EBITDA |
|---|---|---|---|
| ACUITY INC. (DE) | US | 9.5 | 12.1x |
| NEXTERA ENERGY INC | US | 165.1 | 17.5x |
| HUBBELL INC | US | 24.4 | 19.8x |
| nVent Electric plc | US | 26.4 | 27.4x |
| Talen Energy Corporation | US | 13.5 | 54.5x |
| Group median | 19.8x | ||
| Group average | 26.3x | ||
| This company | US | 97.0 | 37.2x |
Group median 19.8x; this company 37.2x — a 88% premium.
Group average 26.3x; against the average this company is at a 42% premium. The average sits 32% above the median: Talen Energy Corporation (54.5x) skews the group.
At the adjusted group median the market cap would be -47% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 22.8x, Russia 3.8x, South Africa 5.3x, Kazakhstan 9.8x, India 18.4x, Indonesia 4.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-09-23; the company's own is live.
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Vertiv Holdings Co (VRT) — from primary filings.
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