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Screener / SEC EDGAR /CIK 0001674101 /10-K filed Feb 13, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
NSCHIIVRTFIXEXPDJBHT
NYSE Industrials · Electronic Components

Vertiv VRT

VRT quote by TradingView

Vertiv is a global leader in critical digital infrastructure for applications in data centers, communication networks, and commercial and industrial environments. 10-K, Item 1

Employees
34,000
Headquarters
Westerville, OH
CEO
Giordano Albertazzi
Next results
around Feb 10, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $10.2B through the costs to a net profit of $1.3B · income statement of the 10-K

18% operating margin
Revenue to Gross profit: $3.7BRevenue to Cost of revenue: $6.5BGross profit to Operating profit: $1.8BGross profit to Operating expenses: $1.9BOperating profit to Net profit: $1.3BOperating profit to Tax & other: $496.9MOperating expenses to R&D: $441.7MOperating expenses to Sales, admin & other: $1.4B Revenue: $10.2B REVENUE $10.2B +28% Y/Y Gross profit: $3.7B · 36% margin GROSS PROFIT $3.7B 36% margin Cost of revenue: $6.5B · 64% of revenue COST OF REVENUE $6.5B 64% of revenue Operating profit: $1.8B · 18% margin OPERATING PROFIT $1.8B 18% margin · +34% Y/Y Operating expenses: $1.9B · 18% of revenue OPERATING EXPENSES $1.9B 18% of revenue Net profit: $1.3B · 13% margin NET PROFIT $1.3B 13% margin · +169% Y/Y Tax & other: $496.9M · 5% of revenue TAX & OTHER $496.9M 5% of revenue R&D: $441.7M · 4% of revenue R&D $441.7M 4% of revenue Sales, admin & other: $1.4B · 14% of revenue SALES, ADMIN & OTHER $1.4B 14% of revenue
Gross profit $3.7B 36% margin
Operating profit $1.8B 18% margin · +34% Y/Y
Net profit $1.3B 13% margin · +169% Y/Y
The full income statement, year by year

VRT among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 27.7%, above 95% of 81 peers (their median 4.6%) REVENUE GROWTH 27.7% · above 95% Gross margin: 38.1%, above 49% of 51 peers (their median 38.6%) GROSS MARGIN 38.1% · above 49% Operating margin: 20.1%, above 66% of 71 peers (their median 17.5%) OPERATING MARGIN 20.1% · above 66% Net margin: 16.0%, above 73% of 81 peers (their median 13.0%) NET MARGIN 16.0% · above 73% FCF margin: 24.0%, above 91% of 78 peers (their median 13.0%) FCF MARGIN 24.0% · above 91% Return on capital: 16.6%, above 69% of 65 peers (their median 13.8%) RETURN ON CAPITAL 16.6% · above 69%
VRT Peer median Below the median

What changed

7 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 13, 2026 against Feb 18, 2025.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Valuation of Certain Acquired Intangible Assets (“As described in Note 2 of the consolidated financial statements, on October 31, 2025, the Company entered into a sale and purchase agreement ("Acquisition Agreement") to acquire Purge Rite Intermediate, LLC ("PurgeRite"). The transaction ("Acquisition") closed on December 4, 2025. Under the terms of”). Same as last year: Uncertain Tax Positions
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
4 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Valuation of Certain Acquired Intangible Assets (“As described in Note 2 of the consolidated financial statements, on October 31, 2025, the Company entered into a sale and purchase agreement ("Acquisition Agreement") to acquire Purge Rite Intermediate, LLC ("PurgeRite"). The transaction ("Acquisition") closed on December 4, 2025. Under the terms of”). Same as last year: Uncertain Tax Positions
  • Receivables +31.6% vs revenue +27.7% (+3.9 pts)
9 more checks with nothing to note
  • Cash from operations $2.1B vs net income $1.3B (FY ending Dec 31, 2025)
  • Inventory +17.0% vs revenue +27.7% (-10.6 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Our recent acquisitions have added to our sales pipeline and backlog. The contracts associated with our acquisitions may have differing terms, allowing customers to reduce firm orders or terminate contracts, with varying costs.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Our customers’ markets could suffer disruption due to a number of factors, including government policy changes, local zoning decisions, community opposition or temporary or permanent local moratoria that limit or restrict the siting,
  3. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    These risks may be enhanced in emerging markets, and additional risks not encountered in established countries may also occur, including more frequent foreign currency exchange rate fluctuations, foreign state takeovers of our facilities, trade protectionism, state-initiated industry consolidation or other similar government actions or…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    We have debt, including existing outstanding indebtedness as of December 31, 2025, as detailed elsewhere in this Annual Report. Further, we may be able to incur additional debt in the future and the terms of the credit agreements governing the Senior Secured Credit Facilities and the indenture governing the Notes will not prohibit us…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$5.7B$6.9B$8.0B$10.2B
Net income$76.6M$460.2M$495.8M$1.3B
Operating cash flow−$152.8M$900.5M$1.3B$2.1B
Free cash flow−$252.8M$772.6M$1.2B$1.9B

Revenue, FY2017 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$10.2B ▲ 27.7% in FY2025

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

Vertiv, Westerville, OH · from the 10-K filed Feb 13, 2026

Vertiv is a global leader in critical digital infrastructure for applications in data centers, communication networks, and commercial and industrial environments. As businesses, industries, and communities become more connected, we pioneer and deliver end-to-end power and cooling technologies to help our customers stay resilient, optimized, and future-ready. With our industry-leading innovative technologies and global services network, we are fueling the revolution of the digital world - keeping technology ecosystems running efficiently and without interruption.

Headquarters
Westerville, OH
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we employed approximately 34,000 full-time and part-time employees" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 13, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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