Vertiv Holdings Co
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.23B | $8.01B | $6.86B | $5.69B | $5.00B | $4.37B | $0 | $0 |
| Cost of Revenue | $6.51B | $5.08B | $4.46B | $4.08B | $3.48B | $2.90B | $2.98B | $2.87B |
| Gross Profit | $3.72B | $2.93B | $2.40B | $1.62B | $1.52B | $1.47B | $-2.98B | $-2.87B |
| Gross Margin | 36.3% | 36.6% | 35.0% | 28.4% | 30.5% | 33.7% | — | — |
| Operating Expenses | ||||||||
| Research & Development | $441.7M | $367.6M | $303.5M | $282.0M | $266.4M | $228.6M | $229.4M | $198.3M |
| SG&A Expense | $1.62B | $1.37B | $1.31B | $1.18B | $1.11B | $1.01B | $1.10B | $1.22B |
| Operating Income | $1.83B | $1.37B | $872.2M | $223.4M | $259.9M | $213.5M | $206.1M | $17.8M |
| Operating Margin | 17.9% | 17.1% | 12.7% | 3.9% | 5.2% | 4.9% | — | — |
| Interest Expense | $86.1M | $150.4M | $180.1M | $147.3M | $90.6M | $150.4M | $310.4M | $288.8M |
| Pretax Income | $1.74B | $765.4M | $533.7M | $167.0M | $166.2M | $-254.6M | $-104.3M | $-271.0M |
| Income Tax Expense | $409.1M | $269.6M | $73.5M | $90.4M | $46.6M | $72.7M | $36.5M | $49.9M |
| Net Income | $1.33B | $495.8M | $460.2M | $76.6M | $119.6M | $-327.3M | $-140.8M | $-314.0M |
| Net Margin | 13.0% | 6.2% | 6.7% | 1.3% | 2.4% | -7.5% | — | — |
| EPS (Basic) | $3.49 | $1.32 | $1.21 | $0.20 | $0.34 | $-1.07 | $-0.40 | $-0.88 |
| EPS (Diluted) | $3.41 | $1.28 | $1.19 | $-0.04 | $0.33 | $-1.07 | $-0.40 | $-0.88 |
| Shares Outstanding (Basic) | 381.7M | 376.4M | 380.1M | 376.7M | 355.5M | 307.1M | 354.8M | 354.8M |
| Shares Outstanding (Diluted) | 390.7M | 386.3M | 386.2M | 378.2M | 360.1M | 307.1M | 354.8M | 354.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |