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Side-by-side financial comparison of Huntington Bancshares (HBAN) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.

Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $2.6B, roughly 1.0× Huntington Bancshares). Huntington Bancshares runs the higher net margin — 20.2% vs 14.7%, a 5.5% gap on every dollar of revenue. On growth, Huntington Bancshares posted the faster year-over-year revenue change (34.0% vs 30.1%). Over the past eight quarters, Huntington Bancshares's revenue compounded faster (168.3% CAGR vs 16.5%).

Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Its banking subsidiary, The Huntington National Bank, operates 1,047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois, 32 in Colorado, 29 in West Virginia, 16 in Wisconsin, 10 in Kentucky, and one in North Carolina.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

HBAN vs VRT — Head-to-Head

Bigger by revenue
VRT
VRT
1.0× larger
VRT
$2.6B
$2.6B
HBAN
Growing faster (revenue YoY)
HBAN
HBAN
+3.8% gap
HBAN
34.0%
30.1%
VRT
Higher net margin
HBAN
HBAN
5.5% more per $
HBAN
20.2%
14.7%
VRT
Faster 2-yr revenue CAGR
HBAN
HBAN
Annualised
HBAN
168.3%
16.5%
VRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HBAN
HBAN
VRT
VRT
Revenue
$2.6B
$2.6B
Net Profit
$523.0M
$390.1M
Gross Margin
37.7%
Operating Margin
0.4%
Net Margin
20.2%
14.7%
Revenue YoY
34.0%
30.1%
Net Profit YoY
0.8%
137.1%
EPS (diluted)
$0.25
$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.

Revenue
HBAN
HBAN
VRT
VRT
Q1 26
$2.6B
$2.6B
Q4 25
$410.0M
$2.9B
Q3 25
$424.0M
$2.7B
Q2 25
$377.0M
$2.6B
Q1 25
$351.0M
$2.0B
Q4 24
$410.0M
$2.3B
Q3 24
$362.0M
$2.1B
Q2 24
$360.0M
$2.0B
Net Profit
HBAN
HBAN
VRT
VRT
Q1 26
$523.0M
$390.1M
Q4 25
$519.0M
$445.6M
Q3 25
$629.0M
$398.5M
Q2 25
$536.0M
$324.2M
Q1 25
$527.0M
$164.5M
Q4 24
$530.0M
$147.0M
Q3 24
$517.0M
$176.6M
Q2 24
$474.0M
$178.1M
Gross Margin
HBAN
HBAN
VRT
VRT
Q1 26
37.7%
Q4 25
38.9%
Q3 25
37.8%
Q2 25
34.0%
Q1 25
33.7%
Q4 24
37.1%
Q3 24
36.5%
Q2 24
38.0%
Operating Margin
HBAN
HBAN
VRT
VRT
Q1 26
0.4%
Q4 25
20.1%
Q3 25
19.3%
Q2 25
16.8%
Q1 25
14.3%
Q4 24
19.5%
Q3 24
17.9%
Q2 24
17.2%
Net Margin
HBAN
HBAN
VRT
VRT
Q1 26
20.2%
14.7%
Q4 25
126.6%
15.5%
Q3 25
148.3%
14.9%
Q2 25
142.2%
12.3%
Q1 25
150.1%
8.1%
Q4 24
129.3%
6.3%
Q3 24
142.8%
8.5%
Q2 24
131.7%
9.1%
EPS (diluted)
HBAN
HBAN
VRT
VRT
Q1 26
$0.25
$0.99
Q4 25
$0.30
$1.14
Q3 25
$0.41
$1.02
Q2 25
$0.34
$0.83
Q1 25
$0.34
$0.42
Q4 24
$0.33
$0.38
Q3 24
$0.33
$0.46
Q2 24
$0.30
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HBAN
HBAN
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$2.5B
Total DebtLower is stronger
$23.5B
$0
Stockholders' EquityBook value
$32.6B
$4.2B
Total Assets
$285.4B
$13.4B
Debt / EquityLower = less leverage
0.72×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBAN
HBAN
VRT
VRT
Q1 26
$2.5B
Q4 25
$1.7B
Q3 25
$1.4B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.2B
Q3 24
$908.7M
Q2 24
$579.7M
Total Debt
HBAN
HBAN
VRT
VRT
Q1 26
$23.5B
$0
Q4 25
$17.2B
$2.9B
Q3 25
$17.3B
$2.9B
Q2 25
$17.5B
$2.9B
Q1 25
$18.1B
$2.9B
Q4 24
$16.4B
$2.9B
Q3 24
$15.7B
$2.9B
Q2 24
$16.5B
$2.9B
Stockholders' Equity
HBAN
HBAN
VRT
VRT
Q1 26
$32.6B
$4.2B
Q4 25
$24.3B
$3.9B
Q3 25
$22.2B
$3.5B
Q2 25
$20.9B
$3.1B
Q1 25
$20.4B
$2.7B
Q4 24
$19.7B
$2.4B
Q3 24
$20.6B
$1.8B
Q2 24
$19.5B
$1.5B
Total Assets
HBAN
HBAN
VRT
VRT
Q1 26
$285.4B
$13.4B
Q4 25
$225.1B
$12.2B
Q3 25
$210.2B
$10.8B
Q2 25
$207.7B
$10.4B
Q1 25
$209.6B
$9.5B
Q4 24
$204.2B
$9.1B
Q3 24
$200.5B
$8.9B
Q2 24
$196.3B
$8.1B
Debt / Equity
HBAN
HBAN
VRT
VRT
Q1 26
0.72×
0.00×
Q4 25
0.71×
0.74×
Q3 25
0.78×
0.83×
Q2 25
0.83×
0.93×
Q1 25
0.89×
1.10×
Q4 24
0.83×
1.20×
Q3 24
0.76×
1.62×
Q2 24
0.84×
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
HBAN
HBAN
VRT
VRT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBAN
HBAN
VRT
VRT
Q1 26
Q4 25
$928.0M
$978.9M
Q3 25
$487.0M
$508.7M
Q2 25
$554.0M
$322.9M
Q1 25
$513.0M
$303.3M
Q4 24
$1.5B
$425.2M
Q3 24
$-438.0M
$378.2M
Q2 24
$305.0M
$378.4M
Free Cash Flow
HBAN
HBAN
VRT
VRT
Q1 26
$652.8M
Q4 25
$810.0M
$885.6M
Q3 25
$446.0M
$463.5M
Q2 25
$500.0M
$277.9M
Q1 25
$459.0M
$266.8M
Q4 24
$1.5B
$364.5M
Q3 24
$-480.0M
$341.8M
Q2 24
$263.0M
$344.3M
FCF Margin
HBAN
HBAN
VRT
VRT
Q1 26
24.6%
Q4 25
197.6%
30.8%
Q3 25
105.2%
17.3%
Q2 25
132.6%
10.5%
Q1 25
130.8%
13.1%
Q4 24
355.4%
15.5%
Q3 24
-132.6%
16.5%
Q2 24
73.1%
17.6%
Capex Intensity
HBAN
HBAN
VRT
VRT
Q1 26
4.2%
Q4 25
28.8%
3.2%
Q3 25
9.7%
1.7%
Q2 25
14.3%
1.7%
Q1 25
15.4%
1.8%
Q4 24
6.6%
2.6%
Q3 24
11.6%
1.8%
Q2 24
11.7%
1.7%
Cash Conversion
HBAN
HBAN
VRT
VRT
Q1 26
Q4 25
1.79×
2.20×
Q3 25
0.77×
1.28×
Q2 25
1.03×
1.00×
Q1 25
0.97×
1.84×
Q4 24
2.80×
2.89×
Q3 24
-0.85×
2.14×
Q2 24
0.64×
2.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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