IA
Innovative Aerosystems, Inc.
IA offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
VRT
Vertiv Holdings Co
VRT has the edge over IA overall, supported by stronger valuation and stronger modeled upside.
IA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
IA's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
IA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $19.25 | -10% |
| Current | 20x | $21.51 | — |
| Forward | 20x | $21.51 | — |
| Fair | 24x | $25.49 | +19% |
| Expensive | 34x | $36.47 | +70% |
Historical ranges are pointers, not guarantees.
IA's PE is in its cheap range at 20.3x. If earnings grow as analysts expect, today's price would be 19.7x 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 IA in the historical PE scenario, which offers more potential upside but is not a forecast.
IA Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for IA, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over IA on the outlook, with more favorable valuation expectations.
IA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.09 | +3.1% |
| Q2 2026 | $1.06 | +61% |
| Q1 2026 | $0.95 | +56% |
| Q4 2025 | $1.06 | +179% |
| Q3 2025 | $0.88 | +120% |
| Q2 2025 | $0.66 | +74% |
| Q1 2025 | $0.61 | +65% |
| Q4 2024 | $0.38 | +2.7% |
| Q3 2024 | $0.40 | +14% |
IA's earnings per share have climbed steadily: $1.06 over the past year, up 61% from the year before, and higher year over year for 12 quarters in a row.
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 IA on earnings, with stronger typical year-over-year growth.
IA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $26.7M | +11% |
| Q1 2026 | $22.4M | +2% |
| Q4 2025 | $21.8M | +37% |
| Q3 2025 | $22.2M | +45% |
| Q2 2025 | $24.1M | +105% |
| Q1 2025 | $21.9M | +104% |
| Q4 2024 | $16M | +72% |
| Q3 2024 | $15.4M | +18% |
IA has the edge over VRT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 23% | +8 points |
| Q1 2026 | 22% | -9.7 points |
| Q4 2025 | 29% | +20 points |
| Q3 2025 | 37% | +8.6 points |
| Q2 2025 | 15% | -2.7 points |
| Q1 2025 | 32% | +17 points |
| Q4 2024 | 8.4% | -8.9 points |
| Q3 2024 | 28% | +0.3 points |
IA's operating margin was 23% last quarter, up 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 IA on profitability, with a higher operating margin.
IA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $4.6M | +31% |
| Q1 2026 | $666.8K | +$934.6K |
| Q4 2025 | $7M | +346% |
| Q3 2025 | $2M | +554% |
| Q2 2025 | $3.5M | +382% |
| Q1 2025 | -$267.7K | -455% |
| Q4 2024 | $1.6M | -61% |
| Q3 2024 | $299.5K | -71% |
IA generated $14M in free cash flow over the past year, up 179% from 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 IA on cash flow, with more consistent year-over-year improvement.
IA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -32K shares |
| 1 year | +2.4% | +435K shares |
| 3 years | +3.9% | +693K shares |
| 5 years | +6% | +1M shares |
| Available history | +7.8% | +1.3M shares |
IA has 18M diluted shares, up 2.4% from a year ago.
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 IA 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 |
IA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 2.1x | Moderate |
| Q3 2024 | 2.3x | Moderate |
IA's net debt is about 1.5 years of its operating earnings (EBITDA), up from 1.1 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 IA on leverage, with a lower net debt burden relative to earnings.
IA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 40.3 | Neutral |
IA's weekly RSI is 57 (neutral) and its Stochastic is 40 (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).
IA PE vs Industrials Sector
| Metric | IA | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 30 | 58 | 28 pts below |
IA 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.
IA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.8 | 8.9% above |
| 20 week MA | $19.6 | 9.6% above |
| 50 week MA | $19.9 | 8% above |
| 100 week MA | $15.1 | 42% above |
| 200 week MA | $11.2 | 92% above |
IA has the edge over VRT on trend strength, trading above more of its moving averages.
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.
IA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.86 | $6.58 | +12% |
| 2021 | $6.58 | $6.45 | -2% |
| 2022 | $6.45 | $8.41 | +30% |
| 2023 | $8.41 | $8.53 | +1.4% |
| 2024 | $8.53 | $8.75 | +2.6% |
| 2025 | $8.75 | $19.4 | +122% |
| 2026 YTD | $19.4 | $21.5 | +11% |
IA has finished higher in five of the last six years. It's up 11% 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 IA on returns for 2026, with the stronger performance.