Vertiv (VRT) Revenue & Revenue Breakdown
Vertiv Revenue Highlights
Latest Revenue (Y)
$6.86B
Latest Revenue (Q)
$1.95B
Main Segment (Y)
Product
Main Geography (Y)
Americas Segment
Vertiv Revenue by Period
Vertiv Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $6.86B | 20.59% |
| 2022-12-31 | $5.69B | 13.87% |
| 2021-12-31 | $5.00B | 14.36% |
| 2020-12-31 | $4.37B | -1.37% |
| 2019-12-31 | $4.43B | 100.00% |
| 2018-12-31 | - | 100.00% |
| 2017-12-31 | - | 100.00% |
| 2016-12-31 | - | - |
Vertiv generated $6.86B in revenue during NA 2023, up 20.59% compared to the previous quarter, and up Infinity% compared to the same period a year ago.
Vertiv Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.95B | 19.14% |
| 2024-03-31 | $1.64B | -12.13% |
| 2023-12-31 | $1.87B | 7.05% |
| 2023-09-30 | $1.74B | 0.49% |
| 2023-06-30 | $1.73B | 14.00% |
| 2023-03-31 | $1.52B | -8.07% |
| 2022-12-31 | $1.65B | 11.71% |
| 2022-09-30 | $1.48B | 5.84% |
| 2022-06-30 | $1.40B | 21.01% |
| 2022-03-31 | $1.16B | -18.01% |
| 2021-12-31 | $1.41B | 14.78% |
| 2021-09-30 | $1.23B | -2.49% |
| 2021-06-30 | $1.26B | 14.74% |
| 2021-03-31 | $1.10B | -15.86% |
| 2020-12-31 | $1.31B | 12.35% |
| 2020-09-30 | $1.16B | 15.54% |
| 2020-06-30 | $1.01B | 12.08% |
| 2020-03-31 | $897.30M | -23.41% |
| 2019-12-31 | $1.17B | 100.00% |
| 2019-09-30 | - | 100.00% |
| 2019-06-30 | - | 100.00% |
| 2019-03-31 | - | 100.00% |
| 2018-12-31 | - | 100.00% |
| 2018-09-30 | - | 100.00% |
| 2018-06-30 | - | 100.00% |
| 2018-03-31 | - | 100.00% |
| 2017-12-31 | - | 100.00% |
| 2017-09-30 | - | 100.00% |
| 2017-06-30 | - | 100.00% |
| 2017-03-31 | - | - |
Vertiv generated $1.95B in revenue during Q2 2024, up 19.14% compared to the previous quarter, and up 128.38% compared to the same period a year ago.
Vertiv Revenue Breakdown
Vertiv Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Product | $5.41B | $4.34B | $3.85B | $3.31B |
| Service | $1.46B | $1.36B | $1.14B | $1.06B |
Vertiv's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (78.77%), and Service (21.23%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $1.56B | $1.27B | $1.48B | $1.38B | $1.36B | $1.19B | $1.30B | $1.14B | $1.05B | $849.40M | $1.11B | $926.00M | $976.50M | $844.00M | $891.10M | $750.20M | $647.20M | - |
| Service | $397.60M | $368.80M | $387.50M | $361.30M | $373.70M | $334.60M | $359.10M | $345.70M | $344.40M | $307.00M | $302.50M | $302.90M | $283.80M | $254.40M | $285.40M | $270.90M | $255.50M | $250.10M |
Vertiv's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Product (79.64%), and Service (20.36%).
Vertiv Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| EMEA Segment | $1.73B | - | - | - |
| Asia Pacific Segment | $1.62B | - | - | - |
| Americas Segment | $3.89B | - | - | - |
| Europe | - | $1.12B | $1.01B | $777.00M |
| Middle East And Africa | - | $186.70M | $187.20M | $188.80M |
| Latin America | - | $308.20M | $264.00M | $180.60M |
| United States And Canada | - | $2.55B | $1.98B | $1.86B |
| Asia | - | $1.53B | $1.56B | $1.37B |
| UNITED STATES | - | - | - | $1.76B |
| CHINA | - | - | - | $778.50M |
Vertiv's latest annual revenue breakdown by geography, as of Dec 23: Americas Segment (53.71%), EMEA Segment (23.95%), and Asia Pacific Segment (22.34%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMEA Segment | $561.20M | $471.50M | $1.14B | $423.30M | $86.20M | $78.10M | $76.30M | $71.10M | $68.70M | $64.90M | $82.20M | $80.80M | $77.30M | $72.10M | $80.70M | $78.40M | $66.50M | $65.90M |
| Asia Pacific Segment | $448.30M | $360.20M | $990.10M | $411.30M | $110.10M | $104.10M | $110.90M | $113.30M | $112.90M | $104.60M | $115.70M | $104.40M | $106.30M | $95.50M | $107.60M | $95.20M | $88.10M | $76.90M |
| Americas Segment | $1.13B | $933.30M | $2.47B | $1.01B | $207.90M | $188.40M | $198.70M | $203.60M | $187.60M | $164.70M | $191.70M | $180.20M | $179.60M | $154.20M | $171.60M | $168.30M | $161.10M | $159.80M |
Vertiv's latest quarterly revenue breakdown by geography, as of Jun 24: Americas Segment (52.75%), EMEA Segment (26.27%), and Asia Pacific Segment (20.98%).
Vertiv Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| VRT | Vertiv | $6.86B | $1.95B |
| HUBB | Hubbell | $5.37B | $1.45B |
| AYI | Acuity Brands | $3.95B | $968.10M |
| ENS | EnerSys | $3.58B | $910.72M |
| ATKR | Atkore | $3.52B | $822.36M |
| NVT | nVent Electric | $3.26B | $880.30M |
| ENR | Energizer | $2.96B | $701.40M |
| WIRE | Encore Wire | $2.57B | $632.66M |
| KE | Kimball Electronics | $1.71B | $425.04M |
| AEIS | Advanced Energy Industries | $1.66B | $364.95M |
| BE | Bloom Energy | $1.33B | $335.77M |
VRT Revenue FAQ
What is Vertiv’s yearly revenue?
Vertiv's yearly revenue for 2023 was $6.86B, representing an increase of 20.59% compared to 2022. The company's yearly revenue for 2022 was $5.69B, representing an increase of 13.87% compared to 2021. VRT's yearly revenue for 2021 was $5B, representing an increase of 14.36% compared to 2020.
What is Vertiv’s quarterly revenue?
Vertiv's quarterly revenue for Q2 2024 was $1.95B, a 19.14% increase from the previous quarter (Q1 2024), and a 12.61% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.64B, a -12.13% decrease from the previous quarter (Q4 2023), and a 7.76% increase year-over-year (Q1 2023). VRT's quarterly revenue for Q4 2023 was $1.87B, a 7.05% increase from the previous quarter (Q3 2023), and a 12.74% increase year-over-year (Q4 2022).
What is Vertiv’s revenue growth rate?
Vertiv's revenue growth rate for the last 3 years (2021-2023) was 37.32%, and for the last 5 years (2019-2023) was 54.88%.
What are Vertiv’s revenue streams?
Vertiv's revenue streams in c 23 are Product, and Service. Product generated $5.41B in revenue, accounting 78.77% of the company's total revenue, up 24.70% year-over-year. Service generated $1.46B in revenue, accounting 21.23% of the company's total revenue, up 7.44% year-over-year.
What is Vertiv’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Vertiv was Product. This segment made a revenue of $5.41B, representing 78.77% of the company's total revenue.