Vertiv Holdings Co stock research
FY2024 Q4
Vertiv Holdings (VRT) Gross Margin — Quarter Ended Dec 31, 2024
In the current quarter, revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. The gross margin improved relative to both the immediately preceding quarter and the year-ago quarter.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
In the current quarter, revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. The gross margin improved relative to both the immediately preceding quarter and the year-ago quarter.
- The increase in gross profit outpaced the increase in revenue, resulting in a higher gross margin.
- Compared to the prior quarter, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Compared to the same quarter last year, all metrics were higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.1%
Gross profit
$870.2M
Revenue
$2.3B
Cost of revenue
$1.5B
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $1.6B | $566.4M | $1.1B | 34.6% |
| Jun 30, 2024 | $2.0B | $741.2M | $1.2B | 38.0% |
| Sep 30, 2024 | $2.1B | $756.4M | $1.3B | 36.5% |
| Dec 31, 2024 | $2.3B | $870.2M | $1.5B | 37.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.6 pts
Year-over-year change
Dec 31, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in gross profit outpaced the increase in revenue, resulting in a higher gross margin.
Compared to the prior quarter, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Compared to the same quarter last year, all metrics were higher, and gross margin also improved.
Monitor the proportion of cost of revenue to revenue in future quarters.