ELVA
Electrovaya Inc.
ELVA's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over ELVA overall, supported by stronger fundamentals and stronger modeled upside.
ELVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Under pressure |
ELVA's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
ELVA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $4.75 | — |
| Current | 49x | $4.75 | — |
| Cheap | 58x | $5.81 | +22% |
| Fair | 88x | $8.77 | +85% |
| Expensive | 196x | $19.62 | +313% |
Historical ranges are pointers, not guarantees.
ELVA has the edge over VRT in the historical PE scenario, which offers more potential upside but is not a forecast.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
ELVA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ELVA, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
ELVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.19 | +93% |
| Q2 2026 | $0.10 | +233% |
| Q1 2026 | $0.11 | +$0.11 |
| Q4 2025 | $0.11 | +$0.16 |
| Q3 2025 | $0.08 | +$0.12 |
| Q2 2025 | $0.03 | 0% |
| Q1 2025 | -$0.00 | -100% |
| Q4 2024 | -$0.05 | -267% |
| Q3 2024 | -$0.04 | +$0.04 |
ELVA earned $0.10 per share over the past year, about three times what it earned the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over ELVA on earnings, with more consistent year-over-year improvement.
ELVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $17.3M | +0.8% |
| Q1 2026 | $17.8M | +19% |
| Q4 2025 | $15.6M | +39% |
| Q3 2025 | $20.3M | +75% |
| Q2 2025 | $17.1M | +67% |
| Q1 2025 | $15M | +40% |
| Q4 2024 | $11.2M | -7.6% |
| Q3 2024 | $11.6M | -33% |
ELVA's revenue has grown year over year for six quarters in a row: $17M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.6% | -2.8 points |
| Q1 2026 | 8.5% | -0.8 points |
| Q4 2025 | 8.8% | +11 points |
| Q3 2025 | 12% | +5.6 points |
| Q2 2025 | 11% | +17 points |
| Q1 2025 | 9.3% | +2.7 points |
| Q4 2024 | -1.7% | -0.9 points |
| Q3 2024 | 6.1% | -20 points |
ELVA's operating margin was 8.6% last quarter, down 2.8 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT's revenue has grown year over year every quarter since late 2020: $4.3B last quarter, up 61% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over ELVA on profitability, with a higher operating margin.
ELVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$14.2M | -$10.2M |
| Q1 2026 | -$22.1M | -$16.8M |
| Q4 2025 | -$14.2M | -$13.9M |
| Q3 2025 | $6.4M | +2053% |
| Q2 2025 | -$4.1M | -$3.9M |
| Q1 2025 | -$5.4M | -$4.1M |
| Q4 2024 | -$287K | -167% |
| Q3 2024 | $298K | -91% |
ELVA has burned cash in most quarters: −$44M over the past year, against −$9M the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over ELVA on cash generation, producing positive trailing cash flow while its opponent burns cash.
ELVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +838K shares |
| 1 year | +16% | +7.1M shares |
| 3 years | +59% | +19.5M shares |
| 5 years | +84% | +24M shares |
| Available history | +141% | +30.7M shares |
ELVA has 52M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ELVA hasn't bought back shares in the past year.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over ELVA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
ELVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 3.2x | Elevated |
| Q3 2024 | 6.4x | High |
ELVA's net debt is about 3.9 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over ELVA on leverage, with a lower net debt burden relative to earnings.
ELVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.5 | Neutral |
| Stochastic | 7.2 | Oversold |
ELVA's weekly RSI is 34 (neutral) and its Stochastic is 7 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
ELVA PE vs Industrials Sector
| Metric | ELVA | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 24x | 105% above |
| PE % | 6 | 58 | 52 pts below |
ELVA is trading at 49x earnings, a 105% premium to the Industrials sector's median of 24x.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over ELVA on valuation relative to its sector.
ELVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.49 | 13% below |
| 20 week MA | $6.96 | 32% below |
| 50 week MA | $8.09 | 41% below |
| 100 week MA | $5.96 | 20% below |
| 200 week MA | $4.60 | 3.3% above |
ELVA has fallen below most of its moving averages, though it's still 3.3% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over ELVA on trend strength, trading above more of its moving averages.
ELVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.65 | $6.30 | +869% |
| 2021 | $6.30 | $3.75 | -40% |
| 2022 | $3.75 | $4.00 | +6.7% |
| 2023 | $4.00 | $3.06 | -24% |
| 2024 | $3.06 | $2.45 | -20% |
| 2025 | $2.45 | $7.98 | +226% |
| 2026 YTD | $7.98 | $4.75 | -40% |
ELVA's yearly returns have swung widely, from +869% in 2020 to −40% in 2021. It's down 40% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over ELVA on returns for 2026, with the stronger performance.