VERTIV HOLDINGS CO
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,913 | 42.5 |
| Stockholders' equity | 3,941 | 57.5 |
| Total capitalization | 6,854 | 100.0 |
384,988,173 shares outstanding at 27 July 2026 (cover page of the 10-Q filed 29 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2,913 |
| Long-term debt, noncurrent | 2,892 |
| Current maturities | 21 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 700,000,000 |
| Common shares issued | 382,553,680 |
| Par or stated value per share ($) | 0.0001 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/27/26 | 384,988,173 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as GS Acquisition Holdings Corp (to 6 February 2020).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3679, Electronic Components, NEC. Large accelerated filer. Principal executive office: 505 N. Cleveland Ave., Westerville, OH 43082. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 10,230 | 8,012 | 6,863 |
| Cost of revenues | 6,515 | 5,078 | 4,463 |
| Research and development | 442 | 368 | 304 |
| Selling, general and administrative | 1,618 | 1,374 | 1,312 |
| Depreciation and amortization | 309 | 277 | 271 |
| Operating income | 1,830 | 1,367 | 872 |
| Interest expense | 86 | 150 | 180 |
| Income before income taxes | 1,742 | 765 | 534 |
| Income taxes | 409 | 270 | 74 |
| Net income | 1,333 | 496 | 460 |
| Earned per share, diluted ($) | 3.41 | 1.28 | 1.19 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,728 | 1,228 |
| Receivables, net | 3,109 | 2,363 |
| Inventories | 1,456 | 1,244 |
| Total current assets | 6,820 | 5,102 |
| Property, plant and equipment, net | 922 | 625 |
| Goodwill | 2,034 | 1,321 |
| Total assets | 12,212 | 9,132 |
| Total current liabilities | 4,407 | 3,097 |
| Long-term debt | 2,892 | 2,907 |
| Total liabilities | 8,271 | 6,698 |
| Stockholders' equity | 3,941 | 2,434 |
| Total liabilities and equity | 12,212 | 9,132 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 10,230 | 1,830 | 1,333 | 13.0 | 3.41 | – | 2,114 | 220 | 1,894 | 12,212 | 8,271 | 2,913 | 3,941 | 33.8 | 0.74 |
| 12/31/24 | 8,012 | 1,367 | 496 | 6.2 | 1.28 | – | 1,319 | 167 | 1,152 | 9,132 | 6,698 | 2,928 | 2,434 | 20.4 | 1.20 |
| 12/31/23 | 6,863 | 872 | 460 | 6.7 | 1.19 | – | 900 | 128 | 773 | 7,998 | 5,984 | 2,941 | 2,015 | 22.8 | 1.46 |
| 12/31/22 | 5,692 | 223 | 77 | 1.3 | (0.04) | – | (153) | 100 | (253) | 7,096 | 5,654 | 3,191 | 1,442 | 5.3 | 2.21 |
| 12/31/21 | 4,998 | 260 | 120 | 2.4 | 0.33 | – | 211 | 73 | 138 | 6,940 | 5,522 | 2,972 | 1,418 | 8.4 | 2.10 |
| 12/31/20 | 4,371 | 214 | (327) | -7.5 | (1.07) | – | 209 | 44 | 164 | 5,074 | 4,562 | 2,152 | 512 | -63.9 | 4.20 |
| 12/31/19 | 4,431 | 206 | (141) | -3.2 | (1.19) | – | 58 | 48 | 10 | 4,657 | 5,362 | 3,467 | (705) | 20.0 | -4.92 |
| 12/31/18 | 4,286 | – | (314) | -7.3 | (2.65) | – | (222) | 65 | (286) | 697 | 25 | – | (540) | 58.1 | – |
| 12/31/17 | 0 | – | (0) | – | – | – | – | – | – | 0 | 0 | – | (130) | 0.0 | – |
| 12/31/16 | – | – | (0) | – | – | – | (0) | – | – | – | – | – | 0 | -1213.7 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Vertiv Holdings Co
CIK 1674101 · EIN 81-2376902
PRINCIPAL OFFICE:
505 N. Cleveland Ave., Westerville, OH 43082
Tel.: (614) 888-0246
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3679 · Electronic Components, NEC
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 13 February 2026
FORMER NAMES:
GS Acquisition Holdings Corp
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/13/26) · 10-K FY2024 (filed 2/18/25) · 10-K FY2023 (filed 2/23/24) · 10-K FY2022 (filed 2/27/23) · 10-K FY2021 (filed 3/1/22) · 10-K/A FY2020 (filed 4/30/21) · 10-K FY2019 (filed 3/12/20) · 10-K FY2018 (filed 3/13/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.