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Side-by-side financial comparison of Molson Coors Beverage Company (TAP) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.6B, roughly 1.0× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 5.5%, a 9.2% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 2.0%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $-212.9M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs -15.8%).

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

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

TAP vs VRT — Head-to-Head

Bigger by revenue
TAP
TAP
1.0× larger
TAP
$2.7B
$2.6B
VRT
Growing faster (revenue YoY)
VRT
VRT
+28.1% gap
VRT
30.1%
2.0%
TAP
Higher net margin
VRT
VRT
9.2% more per $
VRT
14.7%
5.5%
TAP
More free cash flow
VRT
VRT
$865.7M more FCF
VRT
$652.8M
$-212.9M
TAP
Faster 2-yr revenue CAGR
VRT
VRT
Annualised
VRT
16.5%
-15.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
TAP
TAP
VRT
VRT
Revenue
$2.7B
$2.6B
Net Profit
$150.1M
$390.1M
Gross Margin
33.0%
37.7%
Operating Margin
Net Margin
5.5%
14.7%
Revenue YoY
2.0%
30.1%
Net Profit YoY
25.0%
EPS (diluted)
$0.80
$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
TAP
TAP
VRT
VRT
Q1 26
$2.7B
$2.6B
Q4 25
$3.1B
$2.9B
Q3 25
$3.5B
$2.7B
Q2 25
$3.7B
$2.6B
Q1 25
$2.7B
$2.0B
Q4 24
$3.2B
$2.3B
Q3 24
$3.6B
$2.1B
Q2 24
$3.8B
$2.0B
Net Profit
TAP
TAP
VRT
VRT
Q1 26
$150.1M
$390.1M
Q4 25
$238.3M
$445.6M
Q3 25
$-2.9B
$398.5M
Q2 25
$428.7M
$324.2M
Q1 25
$121.0M
$164.5M
Q4 24
$287.8M
$147.0M
Q3 24
$199.8M
$176.6M
Q2 24
$427.0M
$178.1M
Gross Margin
TAP
TAP
VRT
VRT
Q1 26
33.0%
37.7%
Q4 25
31.0%
38.9%
Q3 25
33.7%
37.8%
Q2 25
34.3%
34.0%
Q1 25
31.6%
33.7%
Q4 24
32.0%
37.1%
Q3 24
33.4%
36.5%
Q2 24
34.6%
38.0%
Operating Margin
TAP
TAP
VRT
VRT
Q1 26
Q4 25
10.4%
20.1%
Q3 25
-98.5%
19.3%
Q2 25
15.6%
16.8%
Q1 25
6.9%
14.3%
Q4 24
12.0%
19.5%
Q3 24
12.5%
17.9%
Q2 24
15.6%
17.2%
Net Margin
TAP
TAP
VRT
VRT
Q1 26
5.5%
14.7%
Q4 25
7.6%
15.5%
Q3 25
-84.0%
14.9%
Q2 25
11.5%
12.3%
Q1 25
4.5%
8.1%
Q4 24
8.9%
6.3%
Q3 24
5.5%
8.5%
Q2 24
11.1%
9.1%
EPS (diluted)
TAP
TAP
VRT
VRT
Q1 26
$0.80
$0.99
Q4 25
$1.32
$1.14
Q3 25
$-14.79
$1.02
Q2 25
$2.13
$0.83
Q1 25
$0.59
$0.42
Q4 24
$1.39
$0.38
Q3 24
$0.96
$0.46
Q2 24
$2.03
$0.46

Balance Sheet & Financial Strength

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

Metric
TAP
TAP
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$382.6M
$2.5B
Total DebtLower is stronger
$3.8B
$0
Stockholders' EquityBook value
$10.3B
$4.2B
Total Assets
$22.4B
$13.4B
Debt / EquityLower = less leverage
0.38×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TAP
TAP
VRT
VRT
Q1 26
$382.6M
$2.5B
Q4 25
$896.5M
$1.7B
Q3 25
$950.2M
$1.4B
Q2 25
$613.8M
$1.6B
Q1 25
$412.7M
$1.5B
Q4 24
$969.3M
$1.2B
Q3 24
$1.0B
$908.7M
Q2 24
$1.6B
$579.7M
Total Debt
TAP
TAP
VRT
VRT
Q1 26
$3.8B
$0
Q4 25
$6.3B
$2.9B
Q3 25
$6.3B
$2.9B
Q2 25
$6.3B
$2.9B
Q1 25
$6.2B
$2.9B
Q4 24
$6.1B
$2.9B
Q3 24
$6.2B
$2.9B
Q2 24
$7.0B
$2.9B
Stockholders' Equity
TAP
TAP
VRT
VRT
Q1 26
$10.3B
$4.2B
Q4 25
$10.2B
$3.9B
Q3 25
$10.3B
$3.5B
Q2 25
$13.4B
$3.1B
Q1 25
$13.1B
$2.7B
Q4 24
$13.1B
$2.4B
Q3 24
$13.3B
$1.8B
Q2 24
$13.2B
$1.5B
Total Assets
TAP
TAP
VRT
VRT
Q1 26
$22.4B
$13.4B
Q4 25
$22.7B
$12.2B
Q3 25
$22.9B
$10.8B
Q2 25
$26.8B
$10.4B
Q1 25
$25.9B
$9.5B
Q4 24
$26.1B
$9.1B
Q3 24
$26.6B
$8.9B
Q2 24
$27.4B
$8.1B
Debt / Equity
TAP
TAP
VRT
VRT
Q1 26
0.38×
0.00×
Q4 25
0.61×
0.74×
Q3 25
0.61×
0.83×
Q2 25
0.47×
0.93×
Q1 25
0.47×
1.10×
Q4 24
0.47×
1.20×
Q3 24
0.47×
1.62×
Q2 24
0.53×
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
TAP
TAP
VRT
VRT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-212.9M
$652.8M
FCF MarginFCF / Revenue
-7.8%
24.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TAP
TAP
VRT
VRT
Q1 26
Q4 25
$540.7M
$978.9M
Q3 25
$616.1M
$508.7M
Q2 25
$718.3M
$322.9M
Q1 25
$-90.7M
$303.3M
Q4 24
$494.5M
$425.2M
Q3 24
$521.2M
$378.2M
Q2 24
$869.2M
$378.4M
Free Cash Flow
TAP
TAP
VRT
VRT
Q1 26
$-212.9M
$652.8M
Q4 25
$357.8M
$885.6M
Q3 25
$483.0M
$463.5M
Q2 25
$555.0M
$277.9M
Q1 25
$-328.0M
$266.8M
Q4 24
$383.4M
$364.5M
Q3 24
$350.4M
$341.8M
Q2 24
$691.7M
$344.3M
FCF Margin
TAP
TAP
VRT
VRT
Q1 26
-7.8%
24.6%
Q4 25
11.4%
30.8%
Q3 25
13.9%
17.3%
Q2 25
14.8%
10.5%
Q1 25
-12.2%
13.1%
Q4 24
11.8%
15.5%
Q3 24
9.7%
16.5%
Q2 24
18.0%
17.6%
Capex Intensity
TAP
TAP
VRT
VRT
Q1 26
4.2%
Q4 25
5.9%
3.2%
Q3 25
3.8%
1.7%
Q2 25
4.4%
1.7%
Q1 25
8.8%
1.8%
Q4 24
3.4%
2.6%
Q3 24
4.7%
1.8%
Q2 24
4.6%
1.7%
Cash Conversion
TAP
TAP
VRT
VRT
Q1 26
Q4 25
2.27×
2.20×
Q3 25
1.28×
Q2 25
1.68×
1.00×
Q1 25
-0.75×
1.84×
Q4 24
1.72×
2.89×
Q3 24
2.61×
2.14×
Q2 24
2.04×
2.12×

Financial Flow Comparison

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

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