VRTVertiv Holdings Co
Electronic Components, NEC
- Revenue
- $10.2B
- 28% YoY
- Operating margin
- 17.9%
- 4.8% YoY
- EBITDA
- $2.1B
- 30% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.6×
- −$1.2B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear159% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear3% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear13% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.0B | $5.7B | $6.9B | $8.0B | $10.2B | 28% |
| Operating income | $260M | $223M | $872M | $1.4B | $1.8B | 34% |
| Net income | $120M | $77M | $460M | $496M | $1.3B | 169% |
| Operating cash flow | $211M | −$153M | $901M | $1.3B | $2.1B | 60% |
| Capex | $73M | $100M | $128M | $167M | $220M | 32% |
| Stock-based comp | $23M | $25M | $25M | $35M | $46M | 33% |
| Buybacks | — | $0 | $0 | $600M | $0 | 100% |
| Dividends | $4M | $4M | $10M | $42M | $67M | 58% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $18M | $102M | 871 | 189 |
| FY2024 | $12M | $104M | 610 | 161 |
| FY2023 | $6M | $50M | 258 | 129 |
| FY2022 | $8M | −$7M | 73 | 102 |
| FY2021 | $5M | $14M | 134 | 126 |