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Side-by-side financial comparison of Aptiv (APTV) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $2.6B, roughly 1.9× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 2.7%, a 12.0% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 5.0%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $651.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
APTV vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $2.6B |
| Net Profit | $138.0M | $390.1M |
| Gross Margin | 18.7% | 37.7% |
| Operating Margin | 8.2% | — |
| Net Margin | 2.7% | 14.7% |
| Revenue YoY | 5.0% | 30.1% |
| Net Profit YoY | -48.5% | 137.1% |
| EPS (diluted) | $0.63 | $0.99 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $2.6B | ||
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $4.9B | $2.3B | ||
| Q3 24 | $4.9B | $2.1B | ||
| Q2 24 | $5.1B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $138.0M | $445.6M | ||
| Q3 25 | $-355.0M | $398.5M | ||
| Q2 25 | $393.0M | $324.2M | ||
| Q1 25 | $-11.0M | $164.5M | ||
| Q4 24 | $268.0M | $147.0M | ||
| Q3 24 | $363.0M | $176.6M | ||
| Q2 24 | $938.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 18.7% | 38.9% | ||
| Q3 25 | 19.5% | 37.8% | ||
| Q2 25 | 19.1% | 34.0% | ||
| Q1 25 | 19.1% | 33.7% | ||
| Q4 24 | 19.6% | 37.1% | ||
| Q3 24 | 18.6% | 36.5% | ||
| Q2 24 | 19.2% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 20.1% | ||
| Q3 25 | -3.4% | 19.3% | ||
| Q2 25 | 9.3% | 16.8% | ||
| Q1 25 | 9.3% | 14.3% | ||
| Q4 24 | 9.8% | 19.5% | ||
| Q3 24 | 10.4% | 17.9% | ||
| Q2 24 | 8.7% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 2.7% | 15.5% | ||
| Q3 25 | -6.8% | 14.9% | ||
| Q2 25 | 7.5% | 12.3% | ||
| Q1 25 | -0.2% | 8.1% | ||
| Q4 24 | 5.5% | 6.3% | ||
| Q3 24 | 7.5% | 8.5% | ||
| Q2 24 | 18.6% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.63 | $1.14 | ||
| Q3 25 | $-1.63 | $1.02 | ||
| Q2 25 | $1.80 | $0.83 | ||
| Q1 25 | $-0.05 | $0.42 | ||
| Q4 24 | $1.22 | $0.38 | ||
| Q3 24 | $1.48 | $0.46 | ||
| Q2 24 | $3.47 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $2.5B |
| Total DebtLower is stronger | $7.5B | $0 |
| Stockholders' EquityBook value | $9.2B | $4.2B |
| Total Assets | $23.4B | $13.4B |
| Debt / EquityLower = less leverage | 0.81× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.8B | $908.7M | ||
| Q2 24 | $2.2B | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $7.5B | $2.9B | ||
| Q3 25 | $7.6B | $2.9B | ||
| Q2 25 | $7.8B | $2.9B | ||
| Q1 25 | $7.6B | $2.9B | ||
| Q4 24 | $7.8B | $2.9B | ||
| Q3 24 | $8.3B | $2.9B | ||
| Q2 24 | $5.5B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $9.2B | $3.9B | ||
| Q3 25 | $9.3B | $3.5B | ||
| Q2 25 | $9.7B | $3.1B | ||
| Q1 25 | $9.0B | $2.7B | ||
| Q4 24 | $8.8B | $2.4B | ||
| Q3 24 | $8.9B | $1.8B | ||
| Q2 24 | $11.5B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $23.4B | $12.2B | ||
| Q3 25 | $23.5B | $10.8B | ||
| Q2 25 | $23.9B | $10.4B | ||
| Q1 25 | $23.1B | $9.5B | ||
| Q4 24 | $23.5B | $9.1B | ||
| Q3 24 | $24.8B | $8.9B | ||
| Q2 24 | $24.8B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.81× | 0.74× | ||
| Q3 25 | 0.82× | 0.83× | ||
| Q2 25 | 0.80× | 0.93× | ||
| Q1 25 | 0.85× | 1.10× | ||
| Q4 24 | 0.89× | 1.20× | ||
| Q3 24 | 0.93× | 1.62× | ||
| Q2 24 | 0.48× | 1.91× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | — |
| Free Cash FlowOCF − Capex | $651.0M | $652.8M |
| FCF MarginFCF / Revenue | 12.6% | 24.6% |
| Capex IntensityCapex / Revenue | 3.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 5.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $818.0M | $978.9M | ||
| Q3 25 | $584.0M | $508.7M | ||
| Q2 25 | $510.0M | $322.9M | ||
| Q1 25 | $273.0M | $303.3M | ||
| Q4 24 | $1.1B | $425.2M | ||
| Q3 24 | $499.0M | $378.2M | ||
| Q2 24 | $643.0M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $651.0M | $885.6M | ||
| Q3 25 | $441.0M | $463.5M | ||
| Q2 25 | $361.0M | $277.9M | ||
| Q1 25 | $76.0M | $266.8M | ||
| Q4 24 | $894.0M | $364.5M | ||
| Q3 24 | $326.0M | $341.8M | ||
| Q2 24 | $417.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 12.6% | 30.8% | ||
| Q3 25 | 8.5% | 17.3% | ||
| Q2 25 | 6.9% | 10.5% | ||
| Q1 25 | 1.6% | 13.1% | ||
| Q4 24 | 18.2% | 15.5% | ||
| Q3 24 | 6.7% | 16.5% | ||
| Q2 24 | 8.3% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.2% | 3.2% | ||
| Q3 25 | 2.7% | 1.7% | ||
| Q2 25 | 2.9% | 1.7% | ||
| Q1 25 | 4.1% | 1.8% | ||
| Q4 24 | 3.4% | 2.6% | ||
| Q3 24 | 3.6% | 1.8% | ||
| Q2 24 | 4.5% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.93× | 2.20× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 1.30× | 1.00× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | 3.96× | 2.89× | ||
| Q3 24 | 1.37× | 2.14× | ||
| Q2 24 | 0.69× | 2.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
VRT
Segment breakdown not available.
