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Side-by-side financial comparison of Vertiv Holdings Co (VRT) and WATSCO INC (WSO). Click either name above to swap in a different company.
Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $1.5B, roughly 1.7× WATSCO INC). Vertiv Holdings Co runs the higher net margin — 14.7% vs 6.1%, a 8.7% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 0.1%). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs -15.3%).
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
VRT vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.5B |
| Net Profit | $390.1M | $92.9M |
| Gross Margin | 37.7% | 27.9% |
| Operating Margin | — | 7.2% |
| Net Margin | 14.7% | 6.1% |
| Revenue YoY | 30.1% | 0.1% |
| Net Profit YoY | — | -1.7% |
| EPS (diluted) | $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 | $1.5B | ||
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.0B | $2.1B |
| Q1 26 | $390.1M | $92.9M | ||
| Q4 25 | $445.6M | $71.7M | ||
| Q3 25 | $398.5M | $161.6M | ||
| Q2 25 | $324.2M | $183.6M | ||
| Q1 25 | $164.5M | $80.1M | ||
| Q4 24 | $147.0M | $96.8M | ||
| Q3 24 | $176.6M | $171.0M | ||
| Q2 24 | $178.1M | $181.4M |
| Q1 26 | 37.7% | 27.9% | ||
| Q4 25 | 38.9% | 27.1% | ||
| Q3 25 | 37.8% | 27.5% | ||
| Q2 25 | 34.0% | 29.3% | ||
| Q1 25 | 33.7% | 28.1% | ||
| Q4 24 | 37.1% | 26.7% | ||
| Q3 24 | 36.5% | 26.2% | ||
| Q2 24 | 38.0% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 20.1% | 6.4% | ||
| Q3 25 | 19.3% | 11.4% | ||
| Q2 25 | 16.8% | 13.2% | ||
| Q1 25 | 14.3% | 7.3% | ||
| Q4 24 | 19.5% | 7.8% | ||
| Q3 24 | 17.9% | 11.6% | ||
| Q2 24 | 17.2% | 12.6% |
| Q1 26 | 14.7% | 6.1% | ||
| Q4 25 | 15.5% | 4.5% | ||
| Q3 25 | 14.9% | 7.8% | ||
| Q2 25 | 12.3% | 8.9% | ||
| Q1 25 | 8.1% | 5.2% | ||
| Q4 24 | 6.3% | 5.5% | ||
| Q3 24 | 8.5% | 7.9% | ||
| Q2 24 | 9.1% | 8.5% |
| Q1 26 | $0.99 | — | ||
| Q4 25 | $1.14 | $1.82 | ||
| Q3 25 | $1.02 | $3.98 | ||
| Q2 25 | $0.83 | $4.52 | ||
| Q1 25 | $0.42 | $1.93 | ||
| Q4 24 | $0.38 | $2.42 | ||
| Q3 24 | $0.46 | $4.22 | ||
| Q2 24 | $0.46 | $4.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $392.7M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $4.2B | $3.2B |
| Total Assets | $13.4B | $4.6B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.5B | $392.7M | ||
| Q4 25 | $1.7B | $733.3M | ||
| Q3 25 | $1.4B | $524.3M | ||
| Q2 25 | $1.6B | $293.0M | ||
| Q1 25 | $1.5B | $431.8M | ||
| Q4 24 | $1.2B | $781.9M | ||
| Q3 24 | $908.7M | $550.0M | ||
| Q2 24 | $579.7M | $424.9M |
| Q1 26 | $0 | — | ||
| Q4 25 | $2.9B | $361.6M | ||
| Q3 25 | $2.9B | $340.8M | ||
| Q2 25 | $2.9B | $338.7M | ||
| Q1 25 | $2.9B | $346.4M | ||
| Q4 24 | $2.9B | $337.2M | ||
| Q3 24 | $2.9B | $321.0M | ||
| Q2 24 | $2.9B | $307.1M |
| Q1 26 | $4.2B | $3.2B | ||
| Q4 25 | $3.9B | $2.8B | ||
| Q3 25 | $3.5B | $2.8B | ||
| Q2 25 | $3.1B | $2.8B | ||
| Q1 25 | $2.7B | $2.7B | ||
| Q4 24 | $2.4B | $2.7B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.5B | $2.6B |
| Q1 26 | $13.4B | $4.6B | ||
| Q4 25 | $12.2B | $4.4B | ||
| Q3 25 | $10.8B | $4.6B | ||
| Q2 25 | $10.4B | $4.7B | ||
| Q1 25 | $9.5B | $4.5B | ||
| Q4 24 | $9.1B | $4.5B | ||
| Q3 24 | $8.9B | $4.5B | ||
| Q2 24 | $8.1B | $4.4B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.74× | 0.13× | ||
| Q3 25 | 0.83× | 0.12× | ||
| Q2 25 | 0.93× | 0.12× | ||
| Q1 25 | 1.10× | 0.13× | ||
| Q4 24 | 1.20× | 0.13× | ||
| Q3 24 | 1.62× | 0.12× | ||
| Q2 24 | 1.91× | 0.12× |
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 | — | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $978.9M | $399.8M | ||
| Q3 25 | $508.7M | $354.9M | ||
| Q2 25 | $322.9M | $-7.4M | ||
| Q1 25 | $303.3M | $-177.6M | ||
| Q4 24 | $425.2M | $378.9M | ||
| Q3 24 | $378.2M | $232.8M | ||
| Q2 24 | $378.4M | $57.7M |
| Q1 26 | $652.8M | — | ||
| Q4 25 | $885.6M | $388.5M | ||
| Q3 25 | $463.5M | $346.1M | ||
| Q2 25 | $277.9M | $-14.3M | ||
| Q1 25 | $266.8M | $-185.2M | ||
| Q4 24 | $364.5M | $370.9M | ||
| Q3 24 | $341.8M | $223.0M | ||
| Q2 24 | $344.3M | $51.3M |
| Q1 26 | 24.6% | — | ||
| Q4 25 | 30.8% | 24.6% | ||
| Q3 25 | 17.3% | 16.7% | ||
| Q2 25 | 10.5% | -0.7% | ||
| Q1 25 | 13.1% | -12.1% | ||
| Q4 24 | 15.5% | 21.1% | ||
| Q3 24 | 16.5% | 10.3% | ||
| Q2 24 | 17.6% | 2.4% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.2% | 0.7% | ||
| Q3 25 | 1.7% | 0.4% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 1.8% | 0.5% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 1.8% | 0.5% | ||
| Q2 24 | 1.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.20× | 5.57× | ||
| Q3 25 | 1.28× | 2.20× | ||
| Q2 25 | 1.00× | -0.04× | ||
| Q1 25 | 1.84× | -2.22× | ||
| Q4 24 | 2.89× | 3.91× | ||
| Q3 24 | 2.14× | 1.36× | ||
| Q2 24 | 2.12× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
