Forensic Analysis · Technology / Software · as of Aug 7, 2026

Vertiv Holdings Co (VRT)

A forensic read on Vertiv Holdings Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

15.2

Distress distance

Clean

Earnings quality

Forensic signals

55.1

P / E (ttm)

33.8%

ROE

$105.3B

Market cap

0.10%

Dividend yield

27.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Vertiv Holdings Co earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 15.2, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).

What the filings flag

+21.4%

FY2024→FY2025

Accruals ratio (% of NOA). Net operating assets grew +21.4% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by receivables up +32% against revenue +28% and inventory up +17% against +28% in cost of sales. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 17% of net operating assets, diverging from the balance-sheet accrual read.

+1.1%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +3% over the last 3 years to FY2025 (+1.1%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~1.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~3%.

Key fundamentals

Latest Revenue$10.23B

Revenue Growth YoY+27.7%

Revenue CAGR (3yr)+21.6%

Net Margin13.0%

Free Cash Flow$1.89B

Return on Equity33.8%

Debt / Equity0.74x

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Data from SEC EDGAR public filings · metrics as of Aug 7, 2026. Forensic signals flag probability, not certainty.