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VRT Rides On Strong Organic Order Growth: A Sign for More Upside?

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Key Takeaways

  • VRT's organic orders grew 15% YoY and 11% sequentially in Q2, surpassing $3B for the first time.
  • The backlog hit $8.5B, rising 21% YoY, with a 1.2x book-to-bill ratio showing sustained demand.
  • The Americas led with mid-40% growth, APAC posted mid-30% gains, and EMEA saw high single-digit growth.

Vertiv (VRT - Free Report) is benefiting from strong organic order growth, which signals promising upside potential. In the second quarter of 2025, organic orders grew 15% year over year and 11% sequentially, surpassing $3 billion in orders for the first time. Growth was driven by an extensive product portfolio that spans thermal systems, liquid cooling, UPS, switchgear, busbars, and modular solutions.

The trailing 12-month organic orders growth stood at 11%, reflecting sustained momentum. The company’s book-to-bill ratio of 1.2x highlights its ability to build a robust backlog, which now stands at $8.5 billion, representing a 21% year-over-year increase and a 7% sequential increase. 

Regional performance has been a key driver of Vertiv’s growth. The Americas led the charge with mid-40% growth, followed by APAC with mid-30% growth, and EMEA delivering high single-digit growth.

The growing diversity of Vertiv’s customer base and pipeline is another positive indicator. The company’s collaborations with industry leaders like CoreWeave and Oklo further highlight its commitment to innovation and its role in shaping the future of data center infrastructure. As demand for data center infrastructure accelerates, Vertiv’s strong organic order growth positions it well for continued market leadership and long-term upside.

Acquisitions have also played an important role in expanding Vertiv’s footprint. The company recently acquired Belgium-based Waylay NV to strengthen its AI-driven monitoring, automation, and control capabilities for power and cooling systems in data centers.

VRT Suffers From Stiff Competition

Vertiv is facing increasing competition from ABB (ABBNY - Free Report) and Eaton (ETN - Free Report) , both of which are expanding their capabilities in the data center infrastructure market.

ABB is strengthening its position in the data center infrastructure market with double-digit order growth in the second quarter of 2025, driven by demand across North America, China, Asia, and Europe. ABB’s localized solutions and advanced technologies, such as the Emax 3 air circuit breaker, further strengthen its competitive position in the data center infrastructure market.

Eaton is aggressively expanding its capabilities in the data center infrastructure market. The company’s data center orders jumped approximately 55% year over year, and sales were up 50% in the second quarter of 2025 compared to the second quarter of 2024.  This growth was driven by both multi-tenant and hyperscale customers. Eaton’s acquisition of Resilient Power Systems further strengthens its power distribution offerings for data centers.

Vertiv’s Share Price Performance, Valuation, and Estimates

VRT’s shares have gained 18.2% year to date. The broader Zacks Computer & Technology sector has appreciated 13.4%, while the Zacks Computers - IT Services industry has plunged 15.1% in the same period.

Vertiv Stock's Performance

Zacks Investment Research
Image Source: Zacks Investment Research

Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 16.40X compared with the Computer and Technology sector’s 10.21X. VRT has a Value Score of D.

Price/Book

Zacks Investment Research
Image Source: Zacks Investment Research

The consensus mark for 2025 earnings is pegged at $3.82 per share, up by 7% over the past 30 days. This indicates a 34.04% increase from the reported figure of 2024.

Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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