Vertiv Holdings Co

VRT · Electronic Components, NEC · 384.1M shares · +34%/yr ↑ dilution · EDGAR filings ↗

Reference price $239.34 · est. market cap ~$91.9B — last insider sale, 2026-03-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A86

Data-center power/cooling infrastructure leader — profitable with elite free cash flow and an AI-driven growth tailwind.

Strengths

Profitable with elite FCF — operating margin 18% (67th), ROE 34% (100th), FCF $1.9B (100th)
Strong growth and coverage — revenue +28% (75th), interest coverage 21 (92nd)

Risks

Leverage — D/E 0.73 (74th)
AI-capex-cycle dependence — per 10-K
Supply-chain/input-cost exposure — per 10-K

Notable findings

Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Chronic dilutionShare count +34%/yr over 4y (dilution, book value/share -15%)
Strong balance sheetStrong balance sheet — $1.7B cash & investments
Notable holderHeld by 6 notable fund(s): STATE STREET CORP, FMR LLC, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
Insider sellingInsider selling — 64 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$123M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $2.6B2025-09-30 · $2.7B2025-12-31 · $2.9B2026-03-31 · $2.6B

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

36.3%

Operating margin

17.9%

Net margin

13.0%

Return on equity

33.8%

Return on assets

10.9%

ROIC

21.2%

Revenue growth (QoQ)

-8.0%

Net-income growth

168.8%

Debt / equity

0.7×

Net debt / EBITDA

0.5×

Interest coverage

21.3×

Current ratio

1.5×

Free cash flow

$1.9B

EBITDA

$2.1B

Tangible book value

$13M

Cash & investments

$1.7B

Stock comp / revenue

0.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-25	Shen Wei	Grant	0	—
2026-06-25	Sanghi Anand	Grant	3	—
2026-06-25	Poncheri Frank	Grant	3	—
2026-06-25	Karlborg Anders	Grant	4	—
2026-06-25	Armul Scott	Grant	5	—
2026-06-25	Gill Stephanie L	Grant	5	—
2026-06-25	Ryan Paul	Grant	2	—
2026-06-25	Albertazzi Giordano	Grant	10	—
2026-06-25	Johnson Eric M.	Grant	0	—
2026-06-25	Chamberlin Craig	Grant	1	—
2026-05-04	Karlborg Anders	Tax withheld	144	$330.97
2026-05-04	Armul Scott	Tax withheld	511	$330.97
2026-05-04	Ryan Paul	Tax withheld	735	$330.97
2026-03-26	Gill Stephanie L	Grant	5	—
2026-03-26	Albertazzi Giordano	Grant	11	—
2026-03-26	Shen Wei	Grant	0	—
2026-03-26	Sanghi Anand	Grant	4	—
2026-03-26	Chamberlin Craig	Grant	1	—
2026-03-26	Ryan Paul	Grant	3	—
2026-03-26	Karlborg Anders	Grant	4	—
2026-03-26	Poncheri Frank	Grant	3	—
2026-03-26	Armul Scott	Grant	6	—
2026-03-26	Johnson Eric M.	Grant	0	—
2026-03-15	Shen Wei	Tax withheld	930	$258.88
2026-03-06	Johnson Eric M.	Grant	620	—
2026-03-06	MONSER EDWARD L	Sell	10K	$245.65
2026-03-06	MONSER EDWARD L	Sell	13K	$246.60
2026-03-06	MONSER EDWARD L	Sell	10K	$247.64
2026-03-06	MONSER EDWARD L	Sell	13K	$248.56
2026-03-06	MONSER EDWARD L	Sell	2.5K	$249.58
2026-03-06	MONSER EDWARD L	Sell	1.9K	$250.46
2026-03-06	MONSER EDWARD L	Sell	2.1K	$244.56
2026-03-06	MONSER EDWARD L	Option exercise	39K	$12.05
2026-03-06	MONSER EDWARD L	Option exercise	39K	$20.56
2026-03-06	MONSER EDWARD L	Sell	1.7K	$239.34
2026-03-06	MONSER EDWARD L	Sell	3.6K	$240.47
2026-03-06	MONSER EDWARD L	Sell	12K	$241.62
2026-03-06	MONSER EDWARD L	Sell	4.7K	$242.20
2026-03-06	MONSER EDWARD L	Sell	2.2K	$243.56
2026-02-27	FRADIN ROGER	Sell	530	$252.02
2026-02-27	FRADIN ROGER	Sell	9.5K	$251.53
2026-02-27	FRADIN ROGER	Sell	200	$254.09
2026-02-27	FRADIN ROGER	Sell	16K	$253.49
2026-02-27	FRADIN ROGER	Sell	17K	$252.29
2026-02-27	FRADIN ROGER	Sell	21K	$251.62
2026-02-27	FRADIN ROGER	Sell	16K	$252.26
2026-02-27	FRADIN ROGER	Sell	21K	$251.61
2026-02-26	COTE DAVID M	Sell	8.4K	$256.42
2026-02-26	COTE DAVID M	Sell	7.5K	$257.45
2026-02-26	COTE DAVID M	Sell	4.9K	$258.26
2026-02-26	DOKKUM JAN VAN	Sell	23K	$254.49
2026-02-26	REINEMUND STEVEN	Sell	19K	$250.14
2026-02-26	REINEMUND STEVEN	Sell	1.4K	$251.69
2026-02-26	REINEMUND STEVEN	Sell	11K	$252.42
2026-02-26	REINEMUND STEVEN	Sell	7.8K	$253.51
2026-02-26	REINEMUND STEVEN	Sell	406	$254.01
2026-02-26	REINEMUND STEVEN	Sell	2.2K	$255.50
2026-02-26	REINEMUND STEVEN	Sell	6.5K	$256.57
2026-02-26	REINEMUND STEVEN	Sell	6.9K	$257.52
2026-02-26	REINEMUND STEVEN	Sell	9.9K	$259.09
2026-02-26	REINEMUND STEVEN	Sell	10K	$250.14
2026-02-26	REINEMUND STEVEN	Sell	740	$251.69
2026-02-26	REINEMUND STEVEN	Sell	5.8K	$252.42
2026-02-26	REINEMUND STEVEN	Sell	4.2K	$253.51
2026-02-26	REINEMUND STEVEN	Sell	219	$254.01
2026-02-26	REINEMUND STEVEN	Sell	1.2K	$255.50
2026-02-26	REINEMUND STEVEN	Sell	3.5K	$256.57
2026-02-26	REINEMUND STEVEN	Sell	3.7K	$257.52
2026-02-26	REINEMUND STEVEN	Sell	5.3K	$259.09
2026-02-26	Karlborg Anders	Option exercise	4.8K	$14.49
2026-02-26	Karlborg Anders	Option exercise	9.8K	$11.25
2026-02-26	Karlborg Anders	Option exercise	6.1K	$15.84
2026-02-26	Karlborg Anders	Option exercise	4.0K	$24.87
2026-02-26	Karlborg Anders	Option exercise	5.8K	$72.09
2026-02-26	Karlborg Anders	Sell	10K	$245.17
2026-02-26	Karlborg Anders	Sell	7.5K	$246.54
2026-02-26	Karlborg Anders	Sell	3.4K	$247.66
2026-02-26	Karlborg Anders	Sell	9.3K	$248.89
2026-02-26	FRADIN ROGER	Sell	19K	$252.61
2026-02-26	FRADIN ROGER	Sell	9.1K	$253.67
2026-02-26	FRADIN ROGER	Sell	8.2K	$254.70
2026-02-26	FRADIN ROGER	Sell	1.3K	$255.24
2026-02-26	FRADIN ROGER	Sell	27K	$252.61
2026-02-26	FRADIN ROGER	Sell	13K	$253.67
2026-02-26	FRADIN ROGER	Sell	12K	$254.70
2026-02-26	FRADIN ROGER	Sell	1.8K	$255.24
2026-02-26	FRADIN ROGER	Sell	5.0K	$252.61
2026-02-26	FRADIN ROGER	Sell	2.4K	$253.67
2026-02-26	FRADIN ROGER	Sell	2.2K	$254.70
2026-02-26	FRADIN ROGER	Sell	339	$255.24
2026-02-26	DOKKUM JAN VAN	Option exercise	39K	$20.56
2026-02-26	DOKKUM JAN VAN	Sell	16K	$255.42
2026-02-26	COTE DAVID M	Sell	2.1K	$250.23
2026-02-26	COTE DAVID M	Sell	5.1K	$252.19
2026-02-26	COTE DAVID M	Sell	5.7K	$253.38
2026-02-26	COTE DAVID M	Sell	3.3K	$254.39
2026-02-26	COTE DAVID M	Sell	2.8K	$255.33
2026-02-12	Albertazzi Giordano	Grant	48K	—
2026-02-12	Armul Scott	Grant	4.7K	—
2026-02-12	Gill Stephanie L	Grant	12K	—
2026-02-12	Karlborg Anders	Grant	13K	—
2026-02-12	Poncheri Frank	Grant	8.4K	—
2026-02-12	Ryan Paul	Grant	6.6K	—
2026-02-12	Sanghi Anand	Grant	17K	—
2026-01-15	Giresi Michael	Tax withheld	1.4K	$172.54
2026-01-04	Gill Stephanie L	Tax withheld	4.9K	$175.61
2026-01-02	Armul Scott	Grant	11K	$175.61
2025-12-19	FRADIN ROGER	Gift	18K	—
2025-12-19	FRADIN ROGER	Gift	18K	—
2025-12-19	FRADIN ROGER	Gift	18K	—
2025-12-19	FRADIN ROGER	Gift	18K	—
2025-12-18	Armul Scott	Grant	3	—
2025-12-18	Giresi Michael	Grant	1	—
2025-12-18	Poncheri Frank	Grant	2	—
2025-12-18	Chamberlin Craig	Grant	2	—
2025-12-18	Shen Wei	Grant	2	—
2025-12-18	Johnson Eric M.	Grant	0	—
2025-12-18	Karlborg Anders	Grant	2	—
2025-12-18	Ryan Paul	Grant	3	—
2025-12-18	Winther Karsten	Grant	2	—
2025-12-18	Gill Stephanie L	Grant	8	—
2025-12-05	COTE DAVID M	Gift	200	—
2025-11-24	Liang Stephen	Sell	5.5K	$170.48
2025-11-24	MONSER EDWARD L	Gift	28K	—
2025-11-10	Chamberlin Craig	Grant	5.6K	$187.84
2025-09-25	Winther Karsten	Grant	1	—
2025-09-25	Gill Stephanie L	Grant	6	—
2025-09-25	Ryan Paul	Grant	2	—
2025-09-25	Karlborg Anders	Grant	2	—
2025-09-25	Johnson Eric M.	Grant	0	—
2025-09-25	Poncheri Frank	Grant	1	—
2025-09-25	Armul Scott	Grant	2	—
2025-09-25	Giresi Michael	Grant	1	—
2025-09-25	Shen Wei	Grant	1	—
2025-09-15	Poncheri Frank	Tax withheld	2.4K	$138.26
2025-09-08	Haussler Jakki L.	Sell	144	$124.15
2025-09-08	Haussler Jakki L.	Sell	16K	$123.92
2025-09-08	Haussler Jakki L.	Option exercise	3.8K	$72.09
2025-09-08	Haussler Jakki L.	Option exercise	7.5K	$15.84
2025-09-08	Haussler Jakki L.	Option exercise	4.3K	$12.97
2025-09-08	Haussler Jakki L.	Option exercise	1.4K	$12.97
2025-08-26	REINEMUND STEVEN	Sell	100K	$128.22
2025-08-26	Ryan Paul	Option exercise	5.6K	$14.49
2025-08-26	Ryan Paul	Option exercise	6.4K	$15.84
2025-08-26	Ryan Paul	Option exercise	2.5K	$24.87
2025-08-26	Ryan Paul	Option exercise	3.3K	$72.09
2025-08-26	Ryan Paul	Sell	22K	$127.34
2025-08-26	Ryan Paul	Option exercise	4.4K	$9.98
2025-08-25	Ryan Paul	Sell	1.4K	$125.63
2025-08-25	Ryan Paul	Option exercise	2.5K	$9.98
2025-08-14	Winther Karsten	Option exercise	30K	$15.84
2025-08-14	Winther Karsten	Sell	42K	$134.21
2025-08-14	Winther Karsten	Option exercise	4.8K	$72.09
2025-08-14	Winther Karsten	Option exercise	7.0K	$12.32
2025-08-14	Winther Karsten	Option exercise	103	$12.05
2025-07-22	Shen Wei	Grant	4.2K	$125.29
2025-07-01	Armul Scott	Tax withheld	660	$122.54
2025-06-30	Giresi Michael	Grant	2.9K	$128.41
2025-06-26	Winther Karsten	Grant	2	—
2025-06-26	Karlborg Anders	Grant	2	—
2025-06-26	Johnson Eric M.	Grant	0	—
2025-06-26	Armul Scott	Grant	3	—
2025-06-26	Poncheri Frank	Grant	3	—
2025-06-26	Gill Stephanie L	Grant	7	—
2025-06-26	Cui Yibin Edward	Grant	1	—
2025-06-26	Ryan Paul	Grant	2	—
2025-06-06	Liang Stephen	Sell	10K	$116.02
2025-06-06	Liang Stephen	Sell	34K	$115.78
2025-06-06	Liang Stephen	Option exercise	34K	$20.93
2025-05-09	Winther Karsten	Option exercise	5.5K	$12.05
2025-05-09	Winther Karsten	Sell	5.5K	$94.33
2025-05-08	Winther Karsten	Option exercise	9.5K	$12.05
2025-05-08	Winther Karsten	Sell	1.2K	$96.60
2025-05-08	Winther Karsten	Option exercise	53K	$12.32
2025-05-08	Winther Karsten	Sell	53K	$96.50
2025-03-27	Poncheri Frank	Grant	5	—
2025-03-27	Gill Stephanie L	Grant	10	—
2025-03-27	Karlborg Anders	Grant	3	—
2025-03-27	Cui Yibin Edward	Grant	1	—
2025-03-27	Ryan Paul	Grant	3	—
2025-03-27	Johnson Eric M.	Grant	1	—
2025-03-27	Winther Karsten	Grant	2	—
2025-03-27	Armul Scott	Grant	4	—
2025-03-03	Karlborg Anders	Tax withheld	831	$85.41
2025-03-03	Ryan Paul	Tax withheld	1.0K	$85.41
2025-03-03	Armul Scott	Tax withheld	582	$85.41
2025-02-28	FRADIN ROGER	Gift	218K	—
2025-02-28	FRADIN ROGER	Gift	109K	—
2025-02-28	FRADIN ROGER	Gift	109K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-18	Shareholder vote	filing ↗
2026-06-12	Reg FDExhibits	filing ↗
2026-06-03	OtherExhibits	filing ↗
2026-04-27	Reg FDExhibits	filing ↗
2026-04-22	ResultsReg FDExhibits	filing ↗
2026-04-13	Reg FDExhibits	filing ↗
2026-03-24	Reg FDExhibits	filing ↗
2026-03-06	OtherExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-18	2026-06-17	0001628280-26-044317 ↗
8-K	2026-06-12	2026-06-12	0001628280-26-042641 ↗
8-K	2026-06-03	2026-06-03	0001628280-26-040031 ↗
8-K	2026-04-27	2026-04-27	0001628280-26-027297 ↗
10-Q	2026-04-22	2026-03-31	0001628280-26-026556 ↗
8-K	2026-04-22	2026-04-22	0001628280-26-026379 ↗
8-K	2026-04-13	2026-04-13	0001628280-26-024824 ↗
8-K	2026-03-24	2026-03-23	0001193125-26-120863 ↗
8-K	2026-03-06	2026-03-06	0001628280-26-015494 ↗
8-K	2026-03-03	2026-03-03	0001193125-26-088484 ↗
10-K	2026-02-13	2025-12-31	0001674101-26-000008 ↗
8-K	2026-02-11	2026-02-11	0001674101-26-000006 ↗