Income StatementBalance SheetCash FlowSegments
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Vertiv Holdings Co Business Segments

Business, geographic, and product segment breakdowns

Vertiv Holdings Co generates $10.8B in annual revenue across 3 key segments: Americas ($7.0B), Asia Pacific ($2.4B), and Europe, Middle East, & Africa ($2.3B). The company-wide operating margin is 18.25%. Based on the Q1 2026 filing.

Americas (TTM)$7.0BAsia Pacific (TTM)$2.4BEurope, Middle East, & Africa (TTM)$2.3B
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$125.78B
P/E Ratio80.71
ROE45.1%

Products & Services

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Products$1.2B$1.1B$1.5B$1.4B$1.5B$1.3B
Services$252.4M$237.4M$271.2M$266.7M$292.2M$301.4M

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services & spares$471.5M$424.9M$519.2M$508.2M$570.6M$558.3M

Geographic

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia$425.4M$505.1M$505.1M$505.1M$505.1M—
Europe$380.9M$368.7M$368.7M$368.7M$368.7M—
Latin America and Canada$106.7M$109.2M$109.2M$109.2M$109.2M—
Middle East/Africa$68.5M$71.1M$71.1M$71.1M$71.1M—

Change in valuation allowances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$158.4M$10.4M$10.4M$10.4M$10.4M—

Foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$11.6M$525.0K$525.0K$525.0K$525.0K—

Valuation allowance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$146.8M$11.4M$11.4M$11.4M$11.4M—

Property, plant and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$148.8M$150.8M$158.3M$163.0M$176.5M$193.5M

Business Segments

Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$25.9M$16.2M$21.9M$21.0M$51.8M$66.8M
Asia Pacific$10.2M$9.4M$11.5M$7.8M$11.5M$20.7M
Europe, Middle East, & Africa$19.1M$6.3M$9.8M$16.2M$21.9M$17.6M

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$741.4M$762.1M$1.0B$1.0B$1.0B$1.1B
Asia Pacific$387.3M$324.8M$413.7M$364.0M$362.6M$362.5M
Europe, Middle East, & Africa$337.4M$252.0M$294.9M$283.4M$334.9M$196.3M

Depreciation and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$32.3M$32.8M$32.9M$34.4M$46.4M$65.8M
Europe, Middle East, & Africa$21.1M$21.0M$22.1M$22.5M$22.8M$22.3M
Asia Pacific$8.7M$9.1M$9.1M$9.4M$9.6M$10.0M

Engineering, research and development costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$50.6M$50.3M$55.3M$54.3M$69.4M$75.6M
Asia Pacific$26.8M$25.0M$29.0M$29.1M$29.1M$27.2M
Europe, Middle East, & Africa$20.2M$23.3M$26.8M$26.9M$23.2M$23.0M

Information technology costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$20.9M$21.9M$20.6M$21.7M$24.5M$26.8M
Asia Pacific$16.0M$16.5M$12.3M$14.7M$16.8M$14.6M
Europe, Middle East, & Africa$10.9M$10.2M$7.6M$9.1M$10.4M$8.6M

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$1.3B$1.2B$1.6B$1.7B$1.9B$1.8B
Asia Pacific$589.6M$486.1M$615.5M$597.7M$575.4M$630.7M
Europe, Middle East, & Africa$687.6M$528.3M$615.2M$595.3M$643.4M$494.9M

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$321.5M$259.7M$384.6M$501.8M$568.2M$490.2M
Asia Pacific$68.4M$45.7M$59.2M$68.5M$48.7M$67.4M
Europe, Middle East, & Africa$145.2M$78.7M$104.2M$83.5M$111.0M$53.5M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$61.7M$26.0M$31.3M$38.9M$60.0M$48.6M
Europe, Middle East, & Africa$7.9M$14.5M$19.2M$16.5M—$17.5M
Asia Pacific$10.9M$6.4M$10.4M$10.0M$2.9M$9.7M

Restructuring Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, Middle East, & Africa$600.0K$600.0K$300.0K$0.0$400.0K-$5.0M
Americas-$1.5M$100.0K$600.0K$0.0$1.5M$100.0K
Asia Pacific$3.3M$0.0$900.0K$0.0$0.0$0.0

Selling, general and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$61.3M$65.2M$88.8M$89.7M$113.2M$94.7M
Asia Pacific$31.3M$28.8M$34.7M$33.5M$31.9M$32.3M
Europe, Middle East, & Africa$24.3M$24.2M$22.6M$24.2M$28.6M$27.5M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$3.7B$3.7B$4.1B$4.4B$5.9B$6.3B
Europe, Middle East, & Africa$2.7B$2.9B$3.0B$2.9B$2.9B$2.7B
Asia Pacific$1.6B$1.7B$1.8B$1.8B$1.8B$2.0B

Acquisition

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$2.2M$175.0K$175.0K$175.0K$175.0K—