Vertiv Holdings Co. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Vertiv Holdings Co. reported net income of $1.33B on revenue of $10.23B. Operating cash flow was $2.11B and capital expenditures were $220.00M, leaving $1.89B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $4.37B | $5.00B | $5.69B | $6.86B | $8.01B | $10.23B |
| Operating income | — | — | — | $206.10M | $213.50M | $259.90M | $223.40M | $872.20M | $1.37B | $1.83B |
| Net income | −$303.42K | −$1.28K | −$314.00M | −$140.80M | −$327.30M | $119.60M | $76.60M | $460.20M | $495.80M | $1.33B |
| Diluted EPS | — | — | −$2.65 | −$1.19 | −$1.07 | $0.33 | −$0.04 | $1.19 | $1.28 | $3.41 |
| Operating cash flow | −$25.00K | — | −$221.90M | $57.50M | $208.90M | $210.90M | −$152.80M | $900.50M | $1.32B | $2.11B |
| Capital expenditures | — | — | $64.60M | $47.60M | $44.40M | $73.40M | $100.00M | $127.90M | $167.00M | $220.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K/A 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 17.9% | 13.0% |
| Dec 2024 | — | 17.1% | 6.2% |
| Dec 2023 | — | 12.7% | 6.7% |
| Dec 2022 | — | 3.9% | 1.3% |
| Dec 2021 | — | 5.2% | 2.4% |
Source: SEC EDGAR XBRL company facts for CIK 1674101 (raw data). Most recent filing in this dataset: 10-Q filed Oct 28, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.