Vertiv Holdings (VRT) Gross Margin (2019 - 2026)
Vertiv Holdings' (VRT) quarterly Gross Margin came in at 37.73% in Q1 2026, up 401.0% year-on-year from 7.53% in Q1 2025, and down 3.1% quarter-over-quarter from 38.94% in Q4 2025.
Vertiv Holdings (VRT) Gross Margin (2019 - 2026) Analysis & Trends
Vertiv Holdings has disclosed Gross Margin across 8 years of filings, most recently posting 37.73% for Q1 2026.
- Gross Margin for Q1 2026 came in at 37.73%, up 401.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 37.15% (up 83.0% YoY), and the FY2025 annual result was 36.32%, down 31.0% from the prior year.
- Gross Margin came in at 37.73% for Q1 2026 at Vertiv Holdings, down from 38.94% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 38.94% in Q4 2025 to a low of 26.25% in Q1 2022.
- The 5-year median for Gross Margin is 34.56% (2024), against an average of 34.14%.
- Peak annual rise in Gross Margin reached 470881 bps in 2022, while the deepest fall reached 634 bps in 2022.
- Vertiv Holdings' Gross Margin stood at 30.93% in 2022, then increased by 18 bps to 36.64% in 2023, then advanced by 1 bps to 37.09% in 2024, then advanced by 5 bps to 38.94% in 2025, then retreated by 3 bps to 37.73% in 2026.
- The last three Gross Margin figures came in at 37.73% (Q1 2026), 38.94% (Q4 2025), and 37.77% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 30.03% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 35.88% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 33.32% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 39.32% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 29.65% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.77% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 49.29% |
| 10 | EnerSys | 8.53 Bn | 8.10 Bn | 290.87 Mn | 29.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.73% |
| Dec 31, 2025 | 38.94% |
| Sep 30, 2025 | 37.77% |
| Jun 30, 2025 | 33.99% |
| Mar 31, 2025 | 33.72% |
| Dec 31, 2024 | 37.09% |
| Sep 30, 2024 | 36.48% |
| Jun 30, 2024 | 37.96% |
| Mar 31, 2024 | 34.56% |
| Dec 31, 2023 | 36.64% |
| Sep 30, 2023 | 36.02% |
| Jun 30, 2023 | 34.25% |
| Mar 31, 2023 | 32.58% |
| Dec 31, 2022 | 30.93% |
| Sep 30, 2022 | 28.99% |
| Jun 30, 2022 | 26.55% |
| Mar 31, 2022 | 26.25% |
| Dec 31, 2021 | -4,677.88% |
| Sep 30, 2021 | 31.06% |
| Jun 30, 2021 | 32.48% |