VRT Vertiv Holdings (VRT) Q4 FY25 earnings call
Vertiv delivered a strong Q4 FY25, marked by exceptional order growth and a record backlog, driven by accelerating AI-driven infrastructure build-out. The company is strategically expanding capacity and investing in technology to convert its substantial order book into future revenue, while navigating regional market dynamics and optimizing its services portfolio. Management expressed confidence in continued market leadership and growth trajectory.
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VRT operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|---|---|
| Book-to-bill ratio | 1.4 ratioBook-to-bill was a convincing 1.4x in Q1.Source: earnings call transcript | 1.2 ratioOur Q2 book-to-bill ratio of 1.2x is particularly encouraging.Source: earnings call transcript | 1.4 ratioParticularly encouraging is the 1.4x book-to-bill ratio in Q3.Source: earnings call transcript | 2.9 ratioOur book-to-bill ratio was 2.9x.Source: earnings call transcript | +107.1% |
| Backlog | $7.9BOur backlog expanded further and expands strong at $7.9 billion, up $1.6 billion year-over-year.Source: earnings call transcript | $8.5BOur backlog stands strong at $8.5 billion, up 21% versus prior year and 7% sequentially from Q1, supporting our increased guidance for the year.Source: earnings call transcript | $9.5BOur total backlog now stands at $9.5 billion, up about 30% year-on-year and 12% sequentially.Source: earnings call transcript | $15BOur backlog stands at $15 billion, more than double last year's.Source: earnings call transcript | +57.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.