Recent News
March 30, 2026: Vertiv announced a ~$50 million investment to expand manufacturing in Ironton, Ohio and its Westerville campus to boost thermal-management capacity for AI data centers. March 3, 2026: the company completed a $2.1 billion senior unsecured note offering and closed a new $2.5 billion senior unsecured revolving credit facility. March 24, 2026: additional manufacturing capacity expansions were announced across the Americas. May 5, 2026: a new Chief Procurement Officer appointment was announced, effective May 5.
Technical Analysis
Directional strength: ADX at 23.32 indicates an emerging trend strength; the indicator implies trend building but not yet firmly established, supporting the stock’s current premium valuation if momentum sustains.
DI+/DI-: DI+ at 33.49 shows a dip-and-reversal pattern, a bullish signal; DI- at 19.23 trending lower reinforces bullish directional pressure and supports near-term upside continuation.
MACD: MACD sits at 18.75 and trends higher with the signal line at 16.52; the MACD has crossed above its signal line, a bullish momentum confirmation that aligns with price strength versus short- and medium-term moving averages.
MRO: MRO reads 35.49 and shows a peak-and-reversal. Because MRO is positive and peaking, price sits above the oscillator’s target and faces a risk of mean reversion—this creates a higher probability of a pullback after recent gains.
RSI and volatility: RSI at 63.91 and increasing indicates buying momentum approaching overbought territory; combined with a 42‑day beta of 2.23 and 52‑week beta of 2.46, elevated volatility raises the chance that upside proceeds in rapid bursts interrupted by sharp retracements.
Price structure: Close at $367.92 sits above the 20‑day average ($329.97), 50‑day average ($287.02), and 200‑day average ($198.52), with the 12‑day EMA rising—technical posture favors trending higher. The close trades above the upper 1× Bollinger band ($350.98) but below the 2× upper band ($371.99), signaling a stretched but not exhausted move. SuperTrend support sits near $320.03, providing a logical structural floor to monitor.
Volume: Daily volume of ~7.26M exceeds the 10‑day (~5.57M), 50‑day (~5.59M) and 200‑day (~6.45M) averages, showing conviction behind the recent advance and supporting the MACD’s bullish signal even as MRO flags a potential reversion.
Fundamental Analysis
Revenue and top-line: Reported total revenue equals $2,649.5 million. Year-over-year revenue change shows a decline of 39.50% and quarter-over-quarter shows a decline of 204.88% (both as provided), indicating outsized comparability swings; trailing revenue growth reads -8.00% overall.
Profitability: Gross margin stands at 37.73%, up 11.91% YoY, while operating (EBIT) margin equals 16.37%, up 14.62% YoY but down 18.72% QoQ. The company’s EBIT margin exceeds the industry peer mean of 14.84% and sits near the industry peer median of 16.28%, supporting a premium relative multiple versus peers.
Earnings and cash flow: Reported EPS at $1.17 beat the $1.01 estimate by $0.16, a 15.84% surprise. EBITDA totaled $541.3 million and EBIT $433.6 million. Free cash flow equals $652.8 million for a free cash flow yield of 0.68%, above the industry peer mean free cash flow yield of 0.13% while free cash flow showed QoQ contraction of 48.44% and YoY decline of 13.76%.
Leverage and liquidity: Total debt equals $3,264.9 million with net debt about $771.6 million; debt-to-EBITDA stands at ~6.03x. Interest coverage reads 25.96x, indicating strong capacity to service obligations. Cash and short‑term investments total $2,500.5 million and the current ratio measures 1.49, both supporting operational flexibility.
Valuation multiples: Reported PE sits at 214.69 with a forward PE of 112.13; price-to-book registers 22.72, well above the industry peer mean book multiple of 7.08 and the industry peer median of 7.53. Price-to-sales at 36.40 also trades above the industry peer mean of 26.46. Those elevated multiples coexist with margin expansion and an EPS beat, which partially justify higher multiples but leave limited valuation cushion if momentum fades.
WMDST values the stock as fair-valued, reflecting a balance between above-peer multiples and improved margins plus strong liquidity and recent financing actions that reduce refinancing risk.
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 | $ 2.19 | |
| 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 | VRT: 179.584 high: 114.236 median: 114.236 mean: 101.246 low: -72.033 |
|
| 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: 0.632 median: 0.396 mean: 0.393 VRT: 0.244 low: 0.002 |
|
| Debt To Equity | 0.769 | |
| Debt To Equity QoQ | -6.088 % | |
| Debt To Equity YoY | -34.771 % | |
| Debt To Equity IPRWA | high: 1.107 median: 1.107 mean: 0.906 VRT: 0.769 low: 0.003 |
|
| 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: 7.083 low: 0.603 |
|
| Price To Earnings (P/E) | 214.69 | |
| Price To Earnings QoQ | 65.926 % | |
| Price To Earnings YoY | 55.397 % | |
| Price To Earnings IPRWA | high: 374.411 VRT: 214.69 mean: 169.137 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: 62.34 VRT: 36.401 mean: 26.46 median: 19.938 low: 4.403 |
|
| 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: 0.167 median: 0.155 low: 0.013 |
|
| Receivables Turnover | 0.847 | |
| Receivables Turnover Ratio QoQ | -12.972 % | |
| Receivables Turnover Ratio YoY | -2.817 % | |
| Receivables Turnover Ratio IPRWA | high: 2.054 mean: 1.5 low: 1.268 median: 1.268 VRT: 0.847 |
|
| Inventory Turnover | 1.003 | |
| Inventory Turnover Ratio QoQ | -17.518 % | |
| Inventory Turnover Ratio YoY | -2.384 % | |
| Inventory Turnover Ratio IPRWA | high: 2.437 VRT: 1.003 mean: 0.994 median: 0.973 low: 0.255 |
|
| 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: 157.999 VRT: 96.94 mean: 93.806 median: 80.044 low: 69.557 |
|
| 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: 7.963 mean: 2.034 VRT: 1.494 median: 1.193 low: 1.072 |
|
| Quick Ratio | 1.151 | |
| Quick Ratio QoQ | -5.418 % | |
| Quick Ratio YoY | -10.137 % | |
| Quick Ratio IPRWA | high: 6.51 mean: 1.459 VRT: 1.151 low: 0.755 median: 0.755 |
|
| 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: 10.788 low: -35.645 |
|
| 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: 20.991 % median: 5.613 % mean: 4.31 % low: -3.424 % VRT: -8.003 % |
|
| Earnings Growth | -13.971 % | |
| Earnings Growth QoQ | -244.373 % | |
| Earnings Growth YoY | -60.483 % | |
| Earnings Growth IPRWA | high: 24.419 % mean: -8.844 % VRT: -13.971 % median: -15.616 % low: -64.706 % |
|
| MARGINS | ||
| Gross Margin | 37.732 % | |
| Gross Margin QoQ | -3.097 % | |
| Gross Margin YoY | 11.905 % | |
| Gross Margin IPRWA | high: 38.725 % VRT: 37.732 % median: 35.593 % mean: 34.07 % low: -19.184 % |
|
| EBIT Margin | 16.365 % | |
| EBIT Margin QoQ | -18.724 % | |
| EBIT Margin YoY | 14.617 % | |
| EBIT Margin IPRWA | high: 19.413 % VRT: 16.365 % median: 16.28 % mean: 14.836 % low: -76.293 % |
|
| Return On Sales (ROS) | 16.365 % | |
| Return On Sales QoQ | -22.341 % | |
| Return On Sales YoY | 14.617 % | |
| Return On Sales IPRWA | high: 19.413 % VRT: 16.365 % median: 15.729 % mean: 14.327 % low: -86.109 % |
|
| 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: 0.761 % VRT: 0.677 % median: 0.211 % mean: 0.13 % 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: 53.998 % VRT: -26.145 % mean: -75.058 % median: -80.038 % low: -133.472 % |
|
| 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: 4.035 % VRT: 3.046 % median: 1.798 % mean: 1.656 % low: -7.946 % |
|
| 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 | VRT: 0.092 high: 0.077 mean: 0.046 median: 0.044 low: -0.091 |
|
| 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 % mean: 2.369 % median: 2.328 % low: -5.424 % |
|