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Vertiv Holdings Co VRT Services & spares — Net Sales

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Other financials

Income statement

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Revenue$3.3B+24.1%
Gross profit$1.2B+37.7%
Operating income$637.9M+44.2%
Net income$497.8M+53.5%
EPS (diluted)$1.27+53.0%

Balance sheet

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Cash & equivalents$2.9B+73.6%
Total debt$3.0B+1.5%
Total equity$4.8B+52.2%
Total assets$15.9B+52.8%

Cash flow

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Operating cash flow$1.1B+241%
CapEx$173.3M+285%
Free cash flow$926.5M+233%

Valuation

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Market cap$105.94B+98.5%
Enterprise value$106.08B+94.0%
P/E61.2×-4.5×
P/S9.2×+3.4×

Profitability

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Gross margin38%+2.7pp
Operating margin18.9%+1.8pp
Net margin15.1%+6.2pp
FCF margin25.5%+11.8pp

Returns & leverage

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Return on equity43.9%+9.1pp
Debt / equity0.6×-0.3×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Vertiv Holdings Co in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Vertiv Holdings Co’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050609
Line itemAmericasAsia PacificEurope, Middle East, & AfricaTotal
Sales by Product and Service Offering:
Products$1,666.1$562.4$377.9$2,606.4
Services & spares404.7157.5105.7667.9
Total$2,070.8$719.9$483.6$3,274.3
Timing of Revenue Recognition:
Products and services transferred at a point in time$1,697.4$564.5$260.6$2,522.5
Products and services transferred over time373.4155.4223.0751.8
Total$2,070.8$719.9$483.6$3,274.3

Item 1. Financial Statements (Unaudited)

FAQ

What is Vertiv Holdings Co's services & spares — net sales?
Vertiv Holdings Co (VRT) reported services & spares — net sales of $667.9M in Q2 2026.
How has Vertiv Holdings Co's services & spares — net sales changed year-over-year?
Vertiv Holdings Co's services & spares — net sales increased by 28.6% year-over-year, from $519.2M to $667.9M.
What is the long-term trend for Vertiv Holdings Co's services & spares — net sales?
Over 4 years (2021 to 2025), Vertiv Holdings Co's services & spares — net sales has grown at a 8.9% compound annual growth rate (CAGR), from $1.44B to $2.02B.
What does services & spares — net sales mean?
This metric represents the total revenue generated from the provision of maintenance services, technical support, and the sale of replacement parts for critical infrastructure equipment. It reflects the company's ability to monetize the installed base of hardware through recurring service contracts and lifecycle support. This revenue stream is typically characterized by higher margins and greater stability compared to initial equipment sales.

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