Vertiv Holdings Co (NYSE: VRT) has reported strong financial results for the fourth quarter and full year ended December 31, 2025. The company's performance is reflected in a number of key metrics:
- Net sales for the fourth quarter of 2025 were $2,880 million, representing a 23% increase compared to the fourth quarter of 2024.
- Operating profit for the fourth quarter of 2025 was $580 million, marking a 27% increase from the same period in 2024.
- Adjusted operating profit for the fourth quarter of 2025 was $668 million, showing a 33% increase from the fourth quarter of 2024. The adjusted operating margin was 23.2%, up 170 basis points from the same period in 2024.
- Operating cash flow for the fourth quarter of 2025 was $1,005 million, a significant increase of 136% compared to the prior year period.
- Adjusted free cash flow for the fourth quarter of 2025 stood at $910 million, marking a substantial increase of 151% compared to the same period in 2024.
- Full year 2025 organic sales growth was reported at 26% compared to the prior year.
- Full year diluted EPS growth for 2025 was 166%, while adjusted diluted EPS growth was 47% compared to the prior year.
- The company's net leverage at the end of the fourth quarter of 2025 was approximately 0.5x.
Looking ahead to 2026, Vertiv anticipates net sales of $13,250 to $13,750 million, with organic sales growth of 27% to 29% compared to 2025. Additionally, the company expects full year 2026 diluted EPS of $5.27 to $5.37 and adjusted diluted EPS of $5.97 to $6.07, representing an increase of 56% and 43%, respectively, at the midpoint compared to full year 2025.
The company's strong performance is attributed to significant growth in orders, sales, margins, and cash, reflecting its ability to scale while maintaining a focus on operational execution. Vertiv's record backlog provides clear visibility into what is expected to be another year of significant growth.
Moreover, the company's trailing twelve-month organic orders grew approximately 81% compared to the prior year period, reflecting robust market demand, particularly in AI infrastructure. The fourth quarter 2025 book-to-bill ratio was approximately 2.9x, and backlog increased to $15.0 billion, up 109% compared to the same period last year.
Vertiv's management team will discuss the company's results during a conference call on Wednesday, February 11, starting at 11 a.m. Eastern Time. The market has reacted to these announcements by moving the company's shares 2.54% to a price of $176.93. If you want to know more, read the company's complete 8-K report here.
