Vertiv Holdings Co

VRT

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

8,012

Cost of Revenue

5,259

Gross Profit

2,753

Gross Margin

34.4%

Operating Income

1,379

Operating Margin

17.2%

Net Income

496

Net Margin

6.2%

EPS (Basic)

$1.32

EPS (Diluted)

$1.28

EBITDA

1,193

EBITDA Margin

14.9%

2023

12/31/2023

Revenue

6,863

Cost of Revenue

4,644

Gross Profit

2,219

Gross Margin

32.3%

Operating Income

907

Operating Margin

13.2%

Net Income

460

Net Margin

6.7%

EPS (Basic)

$1.21

EPS (Diluted)

$1.19

EBITDA

1,024

EBITDA Margin

14.9%

2022

12/31/2022

Revenue

5,692

Cost of Revenue

4,291

Gross Profit

1,400

Gross Margin

24.6%

Operating Income

222

Operating Margin

3.9%

Net Income

Net Margin

1.3%

EPS (Basic)

$-0.04

EPS (Diluted)

$-0.04

EBITDA

617

EBITDA Margin

10.8%

2021

12/31/2021

Revenue

4,998

Cost of Revenue

3,620

Gross Profit

1,378

Gross Margin

27.6%

Operating Income

269

Operating Margin

5.4%

Net Income

120

Net Margin

2.4%

EPS (Basic)

$0.34

EPS (Diluted)

$0.34

EBITDA

484

EBITDA Margin

9.7%

2020

12/31/2020

Revenue

4,371

Cost of Revenue

3,026

Gross Profit

1,345

Gross Margin

30.8%

Operating Income

337

Operating Margin

7.7%

Net Income

-327

Net Margin

-7.5%

EPS (Basic)

$-1.07

EPS (Diluted)

$-1.07

EBITDA

EBITDA Margin

2.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	8,012	6,863	5,692	4,998	4,371
Cost of Revenue	5,259	4,644	4,291	3,620	3,026
Gross Profit	2,753	2,219	1,400	1,378	1,345
Gross Margin	34.4%	32.3%	24.6%	27.6%	30.8%
Operating Income	1,379	907	222	269	337
Operating Margin	17.2%	13.2%	3.9%	5.4%	7.7%
Net Income	496	460	77	120	-327
Net Margin	6.2%	6.7%	1.3%	2.4%	-7.5%
EPS (Basic)	$1.32	$1.21	$-0.04	$0.34	$-1.07
EPS (Diluted)	$1.28	$1.19	$-0.04	$0.34	$-1.07
EBITDA	1,193	1,024	617	484	99
EBITDA Margin	14.9%	14.9%	10.8%	9.7%	2.3%