Vertiv Holdings Co (VRT · NYSE)

Vertiv's fundamentals remain strong even as the stock has sold off sharply, down 21.2% over three months and 33.7% below its 52-week high, closing at $249.39 after a +3.3% one-day bounce on 1.5x average volume. Revenue grew 24.1% year over year to $11.48B TTM with earnings up 53.0%, and the June quarter showed sequential acceleration to $3.27B in revenue and $497.8M in net income; the company beat estimates in three of its last four quarters, including $1.52 versus $1.43 expected. Returns are exceptional (ROE 43.9%, operating margin 20.4%) with modest leverage at 1.2x debt/EBITDA and $925.3M in quarterly free cash flow, but the market still prices the stock richly at 56.55 P/E and 37.69 EV/EBITDA against an analyst target of $338.15. The company declared a $0.0625 quarterly dividend payable September 24, 2026.