Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0.00 | $4.29B | $4.43B | $4.37B | $5.00B | $5.69B | $6.86B | $8.01B | $10.2B |
| Revenue growth | — | — | — | 3.4% | -1.4% | 14.4% | 13.9% | 20.6% | 16.7% | 27.7% |
| Operating income | — | — | — | $206M | $214M | $260M | $223M | $872M | $1.37B | $1.83B |
| Operating margin | — | — | — | 4.7% | 4.9% | 5.2% | 3.9% | 12.7% | 17.1% | 17.9% |
| Net income | -$303K | -$1.28K | -$314M | -$141M | -$327M | $120M | $76.6M | $460M | $496M | $1.33B |
| Net margin | — | — | -7.3% | -3.2% | -7.5% | 2.4% | 1.3% | 6.7% | 6.2% | 13.0% |
| EPS (diluted) | — | — | -$2.65 | -$1.19 | -$1.07 | $0.33 | -$0.04 | $1.19 | $1.28 | $3.41 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.0K | — | -$222M | $57.5M | $209M | $211M | -$153M | $901M | $1.32B | $2.11B |
| Capital expenditures | — | — | $64.6M | $47.6M | $44.4M | $73.4M | $100M | $128M | $167M | $220M |
| Free cash flow | — | — | -$287M | $9.90M | $165M | $138M | -$253M | $773M | $1.15B | $1.89B |
| Share buybacks | — | — | — | — | — | — | $0.00 | $0.00 | $600M | $0.00 |
| Dividends paid | — | — | $0.00 | $0.00 | $3.30M | $3.80M | $3.80M | $9.50M | $42.2M | $66.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $398M | $215M | $224M | $535M | $439M | $261M | $780M | $1.23B | $1.73B |
| Total assets | — | $25.0K | $697M | $4.66B | $5.07B | $6.94B | $7.10B | $8.00B | $9.13B | $12.2B |
| Total liabilities | — | $1.28K | $25.4M | $5.36B | $4.56B | $5.52B | $5.65B | $5.98B | $6.70B | $8.27B |
| Long-term debt | — | — | — | $3.47B | $2.13B | $2.95B | $3.17B | $2.92B | $2.91B | $2.89B |
| Shareholders' equity | $25.0K | -$130M | -$540M | -$705M | $512M | $1.42B | $1.44B | $2.01B | $2.43B | $3.94B |
| Retained earnings | — | -$305K | $4.73M | -$1.00B | -$1.33B | -$1.22B | -$1.14B | -$692M | -$238M | $1.03B |
| Shares (wtd avg diluted) | — | — | 118M | 118M | 307M | 360M | 378M | 386M | 386M | 391M |
Every figure is extracted from Vertiv Holdings Co’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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