HAFN
Hafnia Limited
HAFN trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over HAFN overall, supported by stronger valuation and stronger modeled upside.
HAFN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
HAFN's revenue, profitability, cash flow and balance sheet are all currently healthy.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
HAFN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.4x | $4.41 | -54% |
| Forward | 6.7x | $9.62 | — |
| Fair | 7.1x | $9.33 | -3% |
| Current | 7.3x | $9.62 | — |
| Expensive | 10x | $13.28 | +38% |
Historical ranges are pointers, not guarantees.
HAFN's PE is in its fair range at 7.3x. If earnings grow as analysts expect, today's price would be 6.7x next year's earnings.
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 has the edge over HAFN in the historical PE scenario, which offers more potential upside but is not a forecast.
HAFN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for HAFN, but weaker profitability. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over HAFN on the outlook, with more favorable profitability expectations.
HAFN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.44 | +10% |
| Q2 2026 | $1.31 | +54% |
| Q1 2026 | $0.91 | -24% |
| Q4 2025 | $0.68 | -54% |
| Q3 2025 | $0.61 | -64% |
| Q2 2025 | $0.85 | -46% |
| Q1 2025 | $1.20 | -19% |
| Q4 2024 | $1.49 | -4.5% |
| Q3 2024 | $1.71 | -2.3% |
HAFN's earnings per share have fallen from their peak: $1.31 over the past year, against $2.00 in mid-2023.
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 HAFN on earnings, with more consistent year-over-year improvement.
HAFN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $815.8M | +47% |
| Q1 2026 | $671.2M | +23% |
| Q4 2025 | $593.2M | +11% |
| Q3 2025 | $586.9M | -18% |
| Q2 2025 | $554.2M | -33% |
| Q1 2025 | $547.9M | -30% |
| Q4 2024 | $532.9M | -54% |
| Q3 2024 | $719.7M | +11% |
HAFN's revenue is recovering but still below its 2023 peak: $816M last quarter, up 47% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 22% | +8.7 points |
| Q4 2025 | 16% | -1.4 points |
| Q3 2025 | 17% | -13 points |
| Q2 2025 | 15% | -17 points |
| Q1 2025 | 14% | -16 points |
| Q4 2024 | 17% | +1.7 points |
| Q3 2024 | 30% | +4.7 points |
HAFN has the edge over VRT on profitability, with a higher operating margin.
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 has the edge over HAFN on sales, with more consistent year-over-year improvement.
| 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's operating margin was 23% last quarter, up 3.5 points from the same quarter a year ago, near the top of its range since 2020.
HAFN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $252.1M | +72% |
| Q1 2026 | $106.9M | -2.9% |
| Q4 2025 | $113.1M | -39% |
| Q3 2025 | $74.1M | -73% |
| Q2 2025 | $146.7M | -49% |
| Q1 2025 | $110M | -53% |
| Q4 2024 | $183.9M | +20% |
| Q3 2024 | $276.4M | -5% |
HAFN still generates free cash flow, though less than at its 2023 peak: $546M over the past year.
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 HAFN on cash flow, with more consistent year-over-year improvement.
HAFN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +708K shares |
| 1 year | +0.4% | +2M shares |
| 3 years | -0.3% | -1.3M shares |
HAFN has 506M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $434,308 |
| Q3 2025 | $379,789 |
| Q2 2025 | $1M |
| Q1 2025 | $27.7M |
| Q4 2024 | — |
| Q3 2024 | — |
HAFN has spent almost nothing on buybacks 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 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
HAFN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.8x | Very low |
| Q3 2024 | 0.7x | Very low |
HAFN's net debt is less than a year of its operating earnings (EBITDA), down from a year 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 HAFN on leverage, with a lower net debt burden relative to earnings.
HAFN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 69.9 | Neutral |
HAFN's weekly RSI is 56 (neutral) and its Stochastic is 70 (neutral).
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).
HAFN PE vs Industrials Sector
| Metric | HAFN | Sector median | Relative |
|---|---|---|---|
| PE | 7.3x | 24x | 70% below |
| PE % | 56 | 44 | 12 pts above |
HAFN has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
HAFN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.0 | 4.1% below |
| 20 week MA | $8.89 | 8.2% above |
| 50 week MA | $7.79 | 23% above |
| 100 week MA | $6.58 | 46% above |
HAFN has stronger trend alignment. HAFN is above 3 of 4 weekly averages versus VRT above 2 of 5.
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 pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
HAFN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $7.47 | $5.45 | -27% |
| 2025 | $5.45 | $5.37 | -1.5% |
| 2026 YTD | $5.37 | $9.62 | +79% |
HAFN has the edge over VRT on returns for 2026, with the stronger performance.
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's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.