| Segment | Value | % of Price | Type |
|---|---|---|---|
| Net Cash | $-3 | -1% | auditable |
| Thermal Management | $120 | 45% | anchored |
| Power Management | $100 | 38% | anchored |
| Services & Spares | $35 | 13% | anchored |
Anchored: $255/sh (96%) · Speculative: $0/sh (0%)
Thermal Management is Vertiv's highest-growth segment and the primary AI infrastructure play, generating ~$3.2B in FY2025 revenue with approximately 40% growth. AI GPU racks consume 40-100+ kW per rack versus 5-15 kW for traditional compute, creating a structural 3-5x increase in cooling...
Power Management is Vertiv's largest segment by revenue (~$5.5B in FY2025), encompassing UPS (uninterruptible power supply) systems, power distribution units (PDUs), switchgear, and busbar systems for data centers. Vertiv is a #1-2 global provider in the UPS market, competing primarily with...
Vertiv's Services segment generates ~$1.5B in FY2025 revenue from maintenance contracts, monitoring services, and lifecycle management for installed power and cooling infrastructure. This segment is the most predictable part of Vertiv's business: once power and cooling equipment is installed, it...