Vertiv Holdings (VRT) Operating Margin (2019 - 2026)
Vertiv Holdings (VRT) recorded Operating Margin of 22.81% in Q3 2026, up 3.50 percentage points from 19.31% a year earlier and up 3.33 percentage points from the prior quarter.
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Analysis
Vertiv Holdings (VRT) Operating Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Vertiv Holdings' Operating Margin came in at 20.14% as of Sep 30, 2026, up 2.54 percentage points year-over-year; for FY2025, it was 17.89%, up 0.82 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, with a five-year change of +13.00 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 17.07% in FY2024 (+4.36 pp), 12.71% in FY2023 (+8.78 pp), 3.93% in FY2022 (-1.27 pp) and 5.20% in FY2021 (+0.32 pp).
- The Q3 2026 figure is the highest quarterly Operating Margin in data going back to Q1 2019.
- On a year-over-year basis, Operating Margin has increased for five consecutive quarters, with an average year-over-year change of +2.03 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 12.47 percentage points in Q1 2023, against a drop of 11.17 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.48% (Q2 2026), 16.61% (Q1 2026) and 20.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 20.38% |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 29.53% |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 17.76% |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 19.96% |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 23.66% |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 26.92% |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 27.79% |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 22.81% |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 19.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.81% |
| Jun 30, 2026 | 19.48% |
| Mar 31, 2026 | 16.61% |
| Dec 31, 2025 | 20.14% |
| Sep 30, 2025 | 19.31% |
| Jun 30, 2025 | 16.77% |
| Mar 31, 2025 | 14.28% |
| Dec 31, 2024 | 19.49% |
| Sep 30, 2024 | 17.92% |
| Jun 30, 2024 | 17.21% |
| Mar 31, 2024 | 12.36% |
| Dec 31, 2023 | 15.29% |
| Sep 30, 2023 | 14.40% |
| Jun 30, 2023 | 11.87% |
| Mar 31, 2023 | 8.57% |
| Dec 31, 2022 | 9.82% |
| Sep 30, 2022 | 5.40% |
| Jun 30, 2022 | 1.87% |
| Mar 31, 2022 | -3.91% |
| Dec 31, 2021 | -0.28% |
API Access
Vertiv Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=VRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "VRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=VRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();