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Side-by-side financial comparison of PACS Group, Inc. (PACS) 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 $1.4B, roughly 2.0× PACS Group, Inc.). Vertiv Holdings Co runs the higher net margin — 14.7% vs 4.4%, a 10.3% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 18.4%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 16.5%).

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

PACS vs VRT — Head-to-Head

Bigger by revenue
VRT
VRT
2.0× larger
VRT
$2.6B
$1.4B
PACS
Growing faster (revenue YoY)
VRT
VRT
+11.7% gap
VRT
30.1%
18.4%
PACS
Higher net margin
VRT
VRT
10.3% more per $
VRT
14.7%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
16.5%
VRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PACS
PACS
VRT
VRT
Revenue
$1.4B
$2.6B
Net Profit
$59.7M
$390.1M
Gross Margin
37.7%
Operating Margin
7.0%
Net Margin
4.4%
14.7%
Revenue YoY
18.4%
30.1%
Net Profit YoY
3022.5%
EPS (diluted)
$0.42
$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
PACS
PACS
VRT
VRT
Q1 26
$2.6B
Q4 25
$1.4B
$2.9B
Q3 25
$1.3B
$2.7B
Q2 25
$1.3B
$2.6B
Q1 25
$1.3B
$2.0B
Q4 24
$1.1B
$2.3B
Q3 24
$1.0B
$2.1B
Q2 24
$981.4M
$2.0B
Net Profit
PACS
PACS
VRT
VRT
Q1 26
$390.1M
Q4 25
$59.7M
$445.6M
Q3 25
$52.4M
$398.5M
Q2 25
$51.0M
$324.2M
Q1 25
$28.5M
$164.5M
Q4 24
$1.9M
$147.0M
Q3 24
$15.6M
$176.6M
Q2 24
$-10.9M
$178.1M
Gross Margin
PACS
PACS
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
17.1%
36.5%
Q2 24
22.3%
38.0%
Operating Margin
PACS
PACS
VRT
VRT
Q1 26
Q4 25
7.0%
20.1%
Q3 25
6.4%
19.3%
Q2 25
6.2%
16.8%
Q1 25
3.8%
14.3%
Q4 24
1.7%
19.5%
Q3 24
2.2%
17.9%
Q2 24
0.1%
17.2%
Net Margin
PACS
PACS
VRT
VRT
Q1 26
14.7%
Q4 25
4.4%
15.5%
Q3 25
3.9%
14.9%
Q2 25
3.9%
12.3%
Q1 25
2.2%
8.1%
Q4 24
0.2%
6.3%
Q3 24
1.5%
8.5%
Q2 24
-1.1%
9.1%
EPS (diluted)
PACS
PACS
VRT
VRT
Q1 26
$0.99
Q4 25
$0.42
$1.14
Q3 25
$0.32
$1.02
Q2 25
$0.31
$0.83
Q1 25
$0.17
$0.42
Q4 24
$-0.03
$0.38
Q3 24
$0.10
$0.46
Q2 24
$-0.07
$0.46

Balance Sheet & Financial Strength

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

Metric
PACS
PACS
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$197.0M
$2.5B
Total DebtLower is stronger
$353.2M
$0
Stockholders' EquityBook value
$946.8M
$4.2B
Total Assets
$5.6B
$13.4B
Debt / EquityLower = less leverage
0.37×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PACS
PACS
VRT
VRT
Q1 26
$2.5B
Q4 25
$197.0M
$1.7B
Q3 25
$355.7M
$1.4B
Q2 25
$294.2M
$1.6B
Q1 25
$287.5M
$1.5B
Q4 24
$157.7M
$1.2B
Q3 24
$49.5M
$908.7M
Q2 24
$73.4M
$579.7M
Total Debt
PACS
PACS
VRT
VRT
Q1 26
$0
Q4 25
$353.2M
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$411.9M
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Stockholders' Equity
PACS
PACS
VRT
VRT
Q1 26
$4.2B
Q4 25
$946.8M
$3.9B
Q3 25
$871.3M
$3.5B
Q2 25
$806.8M
$3.1B
Q1 25
$750.2M
$2.7B
Q4 24
$709.6M
$2.4B
Q3 24
$660.0M
$1.8B
Q2 24
$572.1M
$1.5B
Total Assets
PACS
PACS
VRT
VRT
Q1 26
$13.4B
Q4 25
$5.6B
$12.2B
Q3 25
$5.6B
$10.8B
Q2 25
$5.5B
$10.4B
Q1 25
$5.5B
$9.5B
Q4 24
$5.2B
$9.1B
Q3 24
$4.5B
$8.9B
Q2 24
$3.9B
$8.1B
Debt / Equity
PACS
PACS
VRT
VRT
Q1 26
0.00×
Q4 25
0.37×
0.74×
Q3 25
0.83×
Q2 25
0.93×
Q1 25
1.10×
Q4 24
0.58×
1.20×
Q3 24
1.62×
Q2 24
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
PACS
PACS
VRT
VRT
Operating Cash FlowLast quarter
$-3.4M
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PACS
PACS
VRT
VRT
Q1 26
Q4 25
$-3.4M
$978.9M
Q3 25
$204.8M
$508.7M
Q2 25
$52.6M
$322.9M
Q1 25
$150.2M
$303.3M
Q4 24
$64.6M
$425.2M
Q3 24
$209.2M
$378.2M
Q2 24
$34.8M
$378.4M
Free Cash Flow
PACS
PACS
VRT
VRT
Q1 26
$652.8M
Q4 25
$885.6M
Q3 25
$463.5M
Q2 25
$277.9M
Q1 25
$266.8M
Q4 24
$364.5M
Q3 24
$341.8M
Q2 24
$344.3M
FCF Margin
PACS
PACS
VRT
VRT
Q1 26
24.6%
Q4 25
30.8%
Q3 25
17.3%
Q2 25
10.5%
Q1 25
13.1%
Q4 24
15.5%
Q3 24
16.5%
Q2 24
17.6%
Capex Intensity
PACS
PACS
VRT
VRT
Q1 26
4.2%
Q4 25
3.2%
Q3 25
1.7%
Q2 25
1.7%
Q1 25
1.8%
Q4 24
2.6%
Q3 24
1.8%
Q2 24
1.7%
Cash Conversion
PACS
PACS
VRT
VRT
Q1 26
Q4 25
-0.06×
2.20×
Q3 25
3.91×
1.28×
Q2 25
1.03×
1.00×
Q1 25
5.28×
1.84×
Q4 24
33.78×
2.89×
Q3 24
13.39×
2.14×
Q2 24
2.12×

Financial Flow Comparison

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

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