Vertiv Holdings Co stock research
FY2025 Q2
Vertiv Holdings (VRT) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose from the prior quarter but fell from the year-ago period, while cost of revenue increased in both comparisons, resulting in a gross margin that improved slightly from the previous quarter but weakened from a year earlier.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose from the prior quarter but fell from the year-ago period, while cost of revenue increased in both comparisons, resulting in a gross margin that improved slightly from the previous quarter but weakened from a year earlier.
- The filing shows that product net sales grew substantially more than service net sales, and product cost of sales increased proportionally more than service cost of sales, both compared to the year-ago quarter.
- Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.0%
Gross profit
$896.6M
Revenue
$2.6B
Cost of revenue
$1.7B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
-4.0 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 |
|---|---|---|---|---|
| Sep 30, 2024 | $2.1B | $756.4M | $1.3B | 36.5% |
| Dec 31, 2024 | $2.3B | $870.2M | $1.5B | 37.1% |
| Mar 31, 2025 | $2.0B | $686.5M | $1.3B | 33.7% |
| Jun 30, 2025 | $2.6B | $896.6M | $1.7B | 34.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.3 pts
Year-over-year change
Jun 30, 2024
-4.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The filing shows that product net sales grew substantially more than service net sales, and product cost of sales increased proportionally more than service cost of sales, both compared to the year-ago quarter.
Compared to the prior quarter, gross margin improved; compared to the same quarter last year, gross margin weakened.
Monitor the relationship between product cost of sales and product net sales, as it shifted compared to the prior year.