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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$2.6B+30.1%
Gross profit$999.7M+45.6%
Operating income$440.1M+51.4%
Net income$390.1M+137%
EPS (diluted)$0.99+136%

Balance sheet

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Cash & equivalents$2.2B+48.4%
Total debt$3.0B+0.8%
Total equity$4.2B+59.2%
Total assets$13.4B+41.8%

Cash flow

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Operating cash flow$766.8M+153%
CapEx$112.6M+208%
Free cash flow$654.2M+145%

Valuation

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Market cap$122.27B+249%
Enterprise value$123.07B+234%
P/E78.5×+25.8×
P/S11.3×+7.1×

Profitability

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Gross margin37.2%+0.8pp
Operating margin18.3%+0.9pp
Net margin14.4%+6.4pp
FCF margin21%+5.4pp

Returns & leverage

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Return on equity45.1%+12.3pp
Debt / equity0.7×-0.4×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Vertiv Holdings Co in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Vertiv Holdings Co’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vertiv Holdings Co's services & spares — net sales?
Vertiv Holdings Co (VRT) reported services & spares — net sales of $558.3M in Q1 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 31.4% year-over-year, from $424.9M to $558.3M.
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.