Filing Flows › Vertiv Holdings (VRT) › Q4 2025
Vertiv Holdings (VRT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Vertiv Holdings (VRT) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +8% from the quarter before. Operating margin was 20.1%, net earnings $446M (15.5% of revenue).
Vertiv Holdings, Q4 2025: revenue $2.9B (+23% year over year), operating margin 20.1%, net earnings $446M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +8% | +23% |
| Operating profit | $580M | +12% | +27% |
| Net earnings | $446M | +12% | +203% |
| Operating cash flow | $1.0B | +108% | +136% |
| Free cash flow | $912M | +108% | +150% |
What changed
Revenue was $2.9B in Q4 2025, up 23% year over year and up 8% from the previous quarter. Americas was the largest line at 65% of revenue.
Operating profit was $0.58B, a 20.1% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 19% margin then. Total costs grew 22% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+55%). Net earnings were $0.45B, up 203% year over year. The effective tax rate was 20.9%.
Operating cash flow was $1.0B (up 136% year over year), 226% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.46B. Capital expenditures of $0.09B left free cash flow of $0.91B.
Questions
What was Vertiv Holdings' revenue in the fourth quarter 2025?
Vertiv Holdings (VRT) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +8% from the quarter before.
Was Vertiv Holdings profitable in the fourth quarter 2025?
Operating profit was $580M (20.1% of revenue) and net earnings $446M.
Source: Vertiv Holdings 10-K on SEC EDGAR.