Recent News
On April 27, 2026 Vertiv announced acquisition of Strategic Thermal Labs to strengthen liquid-cooling capabilities for high-density and AI-focused data centers. On May 5, 2026 the company announced a senior procurement hire to scale global supply and cost management. Vertiv hosted an investor conference May 19–20, 2026 to present strategy and growth drivers, and on June 12, 2026 the company reported closing an acquisition focused on AI cooling technology.
Technical Analysis
Directional indicators show no established trend: ADX at 12.26 signals a lack of trend strength while both DI+ (26.07, increasing) and DI- (27.03, increasing) rise, producing competing directional pressure that favors range-bound action rather than a sustained directional move.
MACD sits at 0.24 with the signal at -0.71, meaning MACD currently trades above its signal line, yet the MACD trend reads as a peak-and-reversal, which indicates momentum has started to weaken despite the above-signal reading.
MRO at 10.81 registers positive, indicating the current market price sits above the model target and implies potential downward pressure on price toward fair-value levels determined by WMDST.
RSI near 51.32 shows a dip-and-reversal pattern, consistent with short-term stabilization rather than a decisive breakout; that supports a neutral-to-slightly constructive near-term tone for price action.
Price context shows the close at $334.82 above the 20-day average ($314.85), 50-day average ($324.90), and well above the 200-day average ($230.74), while the 12-day EMA registers a peak-and-reversal—together suggesting recent strength but increasing risk of mean reversion. Elevated short- and medium-term betas (42-day 2.64; 52-week 2.52) imply amplified sensitivity to market moves, and current volume sits modestly below the 10-day average.
Fundamental Analysis
Profitability and margins: Operating (EBIT) stands at $433.6M with an operating margin of 16.365%, above the industry peer mean operating margin of 12.074% and roughly in line with the industry peer median of 15.73%. Operating margin declined QoQ by 18.724% but improved YoY by 14.617%.
Top-line and growth: Total revenue reported $2,649.5M. Revenue declined YoY by 39.504% and declined QoQ by 204.875% per the provided metrics, which signals pronounced sequential variability in reported revenue figures over the last year and quarter.
Earnings and cash flow: Reported EPS $1.17 versus $1.01 estimate, an EPS surprise of 15.84%. Net income $390.1M and operating cash flow $766.8M; free cash flow $652.8M yields a free cash flow yield of 0.68% and declined QoQ and YoY per supplied growth metrics. Cash and short-term investments total $2,500.5M while net debt equals $771.6M, supporting liquidity despite leverage.
Capital structure and coverage: Debt to EBITDA registers 6.03 and debt to equity 0.769, while interest coverage measures 25.96x, indicating ample coverage of interest expense even with meaningful leverage levels.
Valuation multiples: Trailing P/E at 214.69 sits above the industry peer mean P/E of 153.96 and the industry peer median of 136.15. Price-to-book at 22.72 exceeds the industry peer mean book multiple of 6.41. EV/Revenue and PS multiples also display elevated absolute levels versus peer averages. The current valuation as determined by WMDST classifies the stock as fair-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 1.8 B |
| Operating Cash Flow | $ 766.8 M | |
| Capital Expenditures | $ -114.00 M | |
| Change In Working Capital | $ 227.8 M | |
| Dividends Paid | $ -23.90 M | |
| Cash Flow Delta | $ 401.4 M | |
| End Period Cash Flow | $ 2.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.6 B | |
| Forward Revenue | $ 1.4 B | |
| COSTS | ||
| Cost Of Revenue | $ 1.6 B | |
| Depreciation | $ 27.5 M | |
| Depreciation and Amortization | $ 107.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.2 B | |
| PROFITABILITY | ||
| Gross Profit | $ 999.7 M | |
| EBITDA | $ 541.3 M | |
| EBIT | $ 433.6 M | |
| Operating Income | $ 433.6 M | |
| Interest Income | $ 4.4 M | |
| Interest Expense | — | |
| Net Interest Income | $ 4.4 M | |
| Income Before Tax | $ 438.3 M | |
| Tax Provision | $ 48.2 M | |
| Tax Rate | 11.0 % | |
| Net Income | $ 390.1 M | |
| Net Income From Continuing Operations | $ 390.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.01 | |
| EPS Actual | $ 1.17 | |
| EPS Difference | $ 0.16 | |
| EPS Surprise | 15.842 % | |
| Forward EPS | $ 2.21 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 13.4 B | |
| Intangible Assets | $ 3.8 B | |
| Net Tangible Assets | $ 415.2 M | |
| Total Current Assets | $ 8.0 B | |
| Cash and Short-Term Investments | $ 2.5 B | |
| Cash | $ 2.2 B | |
| Net Receivables | $ 3.1 B | |
| Inventory | $ 1.8 B | |
| Long-Term Investments | $ 79.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 2.0 B | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 5.3 B | |
| Net Debt | $ 771.6 M | |
| Total Debt | $ 3.3 B | |
| Total Liabilities | $ 9.2 B | |
| EQUITY | ||
| Total Equity | $ 4.2 B | |
| Retained Earnings | $ 1.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.06 | |
| Shares Outstanding | 383.954 M | |
| Revenue Per-Share | $ 6.90 | |
| VALUATION | Market Capitalization | $ 96.4 B |
| Enterprise Value | $ 97.2 B | |
| Enterprise Multiple | 179.584 | |
| Enterprise Multiple QoQ | 74.625 % | |
| Enterprise Multiple YoY | 83.978 % | |
| Enterprise Multiple IPRWA | high: 285.107 VRT: 179.584 median: 114.236 mean: 95.468 low: -72.189 |
|
| EV/R | 36.69 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.157 | |
| Asset To Liability | 1.464 | |
| Debt To Capital | 0.435 | |
| Debt To Assets | 0.244 | |
| Debt To Assets QoQ | -7.817 % | |
| Debt To Assets YoY | -26.757 % | |
| Debt To Assets IPRWA | high: 0.804 median: 0.396 mean: 0.357 VRT: 0.244 low: 0.001 |
|
| Debt To Equity | 0.769 | |
| Debt To Equity QoQ | -6.088 % | |
| Debt To Equity YoY | -34.771 % | |
| Debt To Equity IPRWA | high: 3.2 mean: 1.125 median: 1.107 VRT: 0.769 low: -0.74 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 22.72 | |
| Price To Book QoQ | 33.021 % | |
| Price To Book YoY | 79.829 % | |
| Price To Book IPRWA | VRT: 22.72 high: 10.313 median: 7.533 mean: 6.408 low: -3.004 |
|
| Price To Earnings (P/E) | 214.69 | |
| Price To Earnings QoQ | 65.926 % | |
| Price To Earnings YoY | 55.397 % | |
| Price To Earnings IPRWA | high: 447.245 VRT: 214.69 mean: 153.961 median: 136.151 low: -128.467 |
|
| PE/G Ratio | -15.367 | |
| Price To Sales (P/S) | 36.401 | |
| Price To Sales QoQ | 55.732 % | |
| Price To Sales YoY | 119.996 % | |
| Price To Sales IPRWA | high: 82.536 VRT: 36.401 mean: 26.102 median: 19.938 low: 1.074 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 112.133 | |
| Forward PE/G | -8.026 | |
| Forward P/S | 72.751 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.152 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.207 | |
| Asset Turnover Ratio QoQ | -17.284 % | |
| Asset Turnover Ratio YoY | -5.581 % | |
| Asset Turnover Ratio IPRWA | high: 0.268 VRT: 0.207 mean: 0.159 median: 0.155 low: 0.0 |
|
| Receivables Turnover | 0.847 | |
| Receivables Turnover Ratio QoQ | -12.972 % | |
| Receivables Turnover Ratio YoY | -2.817 % | |
| Receivables Turnover Ratio IPRWA | high: 2.698 mean: 1.493 median: 1.268 VRT: 0.847 low: 0.067 |
|
| Inventory Turnover | 1.003 | |
| Inventory Turnover Ratio QoQ | -17.518 % | |
| Inventory Turnover Ratio YoY | -2.384 % | |
| Inventory Turnover Ratio IPRWA | high: 3.465 VRT: 1.003 median: 0.973 mean: 0.96 low: 0.063 |
|
| Days Sales Outstanding (DSO) | 107.759 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 96.94 | |
| Cash Conversion Cycle Days QoQ | 24.537 % | |
| Cash Conversion Cycle Days YoY | -4.743 % | |
| Cash Conversion Cycle Days IPRWA | high: 292.136 mean: 105.068 VRT: 96.94 median: 80.044 low: -68.551 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.003 | |
| CapEx To Revenue | -0.043 | |
| CapEx To Depreciation | -4.145 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 7.2 B | |
| Net Invested Capital | $ 7.2 B | |
| Invested Capital | $ 7.2 B | |
| Net Tangible Assets | $ 415.2 M | |
| Net Working Capital | $ 2.6 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.468 | |
| Current Ratio | 1.494 | |
| Current Ratio QoQ | -3.43 % | |
| Current Ratio YoY | -12.884 % | |
| Current Ratio IPRWA | high: 16.112 mean: 2.161 VRT: 1.494 median: 1.453 low: 0.648 |
|
| Quick Ratio | 1.151 | |
| Quick Ratio QoQ | -5.418 % | |
| Quick Ratio YoY | -10.137 % | |
| Quick Ratio IPRWA | high: 7.3 mean: 1.495 VRT: 1.151 median: 0.782 low: 0.178 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.032 | |
| Cost Of Debt | 0.458 % | |
| Interest Coverage Ratio | 25.964 | |
| Interest Coverage Ratio QoQ | -25.228 % | |
| Interest Coverage Ratio YoY | 125.969 % | |
| Interest Coverage Ratio IPRWA | high: 62.767 VRT: 25.964 median: 11.443 mean: 10.163 low: -87.826 |
|
| Operating Cash Flow Ratio | 0.052 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 96.203 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 16.322 | |
| Dividend Payout Ratio | 0.061 | |
| Dividend Rate | $ 0.06 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 9.725 % | |
| Revenue Growth | -8.003 % | |
| Revenue Growth QoQ | -204.875 % | |
| Revenue Growth YoY | -39.504 % | |
| Revenue Growth IPRWA | high: 69.221 % median: 5.613 % mean: 3.927 % VRT: -8.003 % low: -108.06 % |
|
| Earnings Growth | -13.971 % | |
| Earnings Growth QoQ | -244.373 % | |
| Earnings Growth YoY | -60.483 % | |
| Earnings Growth IPRWA | high: 57.143 % mean: -7.234 % VRT: -13.971 % median: -15.616 % low: -95.658 % |
|
| MARGINS | ||
| Gross Margin | 37.732 % | |
| Gross Margin QoQ | -3.097 % | |
| Gross Margin YoY | 11.905 % | |
| Gross Margin IPRWA | high: 65.683 % VRT: 37.732 % median: 35.593 % mean: 32.698 % low: -77.993 % |
|
| EBIT Margin | 16.365 % | |
| EBIT Margin QoQ | -18.724 % | |
| EBIT Margin YoY | 14.617 % | |
| EBIT Margin IPRWA | high: 81.565 % VRT: 16.365 % median: 16.28 % mean: 13.074 % low: -219.022 % |
|
| Return On Sales (ROS) | 16.365 % | |
| Return On Sales QoQ | -22.341 % | |
| Return On Sales YoY | 14.617 % | |
| Return On Sales IPRWA | high: 23.282 % VRT: 16.365 % median: 15.729 % mean: 12.203 % low: -214.546 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 652.8 M | |
| Free Cash Flow Yield | 0.677 % | |
| Free Cash Flow Yield QoQ | -48.439 % | |
| Free Cash Flow Yield YoY | -13.758 % | |
| Free Cash Flow Yield IPRWA | high: 1.833 % VRT: 0.677 % median: 0.211 % mean: -0.049 % low: -8.817 % |
|
| Free Cash Growth | -26.145 % | |
| Free Cash Growth QoQ | -128.63 % | |
| Free Cash Growth YoY | -2.781 % | |
| Free Cash Growth IPRWA | high: 364.195 % VRT: -26.145 % mean: -64.446 % median: -80.038 % low: -262.564 % |
|
| Free Cash To Net Income | 1.673 | |
| Cash Flow Margin | 10.391 % | |
| Cash Flow To Earnings | 0.706 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.046 % | |
| Return On Assets QoQ | -21.292 % | |
| Return On Assets YoY | 72.09 % | |
| Return On Assets IPRWA | high: 4.838 % VRT: 3.046 % median: 1.798 % mean: 1.381 % low: -31.926 % |
|
| Return On Capital Employed (ROCE) | 5.382 % | |
| Return On Equity (ROE) | 0.092 | |
| Return On Equity QoQ | -18.716 % | |
| Return On Equity YoY | 48.971 % | |
| Return On Equity IPRWA | high: 0.103 VRT: 0.092 median: 0.044 mean: 0.033 low: -0.688 |
|
| DuPont ROE | 9.531 % | |
| Return On Invested Capital (ROIC) | 5.384 % | |
| Return On Invested Capital QoQ | -19.57 % | |
| Return On Invested Capital YoY | 67.049 % | |
| Return On Invested Capital IPRWA | high: 6.031 % VRT: 5.384 % median: 2.328 % mean: 2.235 % low: -9.166 % |
|