ONT
Onterris, Inc.
ONT's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over ONT overall, supported by stronger valuation and stronger fundamentals.
ONT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Stable | |
| Weak |
ONT's profitability and cash flow are currently stable, but its revenue 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.
ONT PE Valuation
ONT has no meaningful PE right now: it lost money over the past year.
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.
ONT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect ONT's losses to shrink, with revenue holding steady. 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 ONT on the outlook, with more favorable revenue expectations.
ONT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.20 | +$0.72 |
| Q2 2026 | -$0.23 | +$1.29 |
| Q1 2026 | $0.15 | +$2.48 |
| Q4 2025 | -$0.14 | +$2.08 |
| Q3 2023 | -$1.90 | -$0.62 |
| Q2 2023 | -$1.84 | -$0.82 |
| Q1 2023 | -$1.86 | -$0.53 |
| Q4 2022 | -$1.62 | -$0.06 |
ONT is still losing money, but far less than before: $0.20 per share over the past year, against $5.55 at its worst in late 2020.
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 ONT on earnings quality, reporting a profit while its opponent remains loss making.
ONT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $203M | -9.7% |
| Q2 2026 | $186.7M | -20% |
| Q1 2026 | $168.5M | -5.2% |
| Q4 2025 | $193.3M | +2.2% |
| Q3 2025 | $224.9M | +26% |
| Q2 2025 | $234.5M | +35% |
| Q1 2025 | $177.8M | +14% |
| Q4 2024 | $189.1M | +14% |
ONT's revenue is shrinking: $203M last quarter, down 9.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6% | +1.6 points |
| Q2 2026 | 3.5% | -2.9 points |
| Q1 2026 | -3.6% | +2.4 points |
| Q4 2025 | -1.3% | +11 points |
| Q3 2025 | 4.4% | +5.1 points |
| Q2 2025 | 6.4% | +7.9 points |
| Q1 2025 | -6% | +0.5 points |
| Q4 2024 | -12% | -6.7 points |
ONT's operating margin was 6% last quarter, up 1.6 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 has the edge over ONT 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 has the edge over ONT on profitability, with a higher operating margin.
ONT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $40M | +79% |
| Q2 2026 | $499K | -97% |
| Q1 2026 | -$17.3M | -836% |
| Q4 2025 | $46.5M | +57% |
| Q3 2025 | $22.3M | +118% |
| Q2 2025 | $19.9M | +$31M |
| Q1 2025 | $2.4M | +$30.4M |
| Q4 2024 | $29.7M | +199% |
ONT generated $70M in free cash flow over the past year, down 6.1% 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 ONT on cash flow, with more consistent year-over-year improvement.
ONT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -681K shares |
| 1 year | -4.8% | -1.9M shares |
| 3 years | +26% | +7.9M shares |
| 5 years | +45% | +11.8M shares |
| Available history | +82% | +17.1M shares |
ONT has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $20M |
| Q1 2026 | $10M |
| Q1 2020 | — |
| Q4 2019 | — |
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 |
ONT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.0x | High |
| Q2 2026 | 5.8x | High |
| Q1 2026 | 4.7x | High |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 6.7x | High |
| Q2 2025 | 7.5x | High |
| Q1 2025 | 12.3x | High |
| Q4 2024 | 13.1x | High |
ONT's net debt is about 5.0 years of its operating earnings (EBITDA), down from 6.7 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 ONT on leverage, with a lower net debt burden relative to earnings.
ONT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 67.5 | Neutral |
ONT's weekly RSI is 62 (neutral) and its Stochastic is 67 (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).
ONT PE vs Industrials Sector
| Metric | ONT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ONT has no meaningful PE right now: it lost money over the past year.
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.
ONT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.2 | 43% above |
| 20 week MA | $17.7 | 30% above |
| 50 week MA | $20.3 | 14% above |
| 100 week MA | $21.1 | 9.2% above |
| 200 week MA | $28.0 | 18% below |
ONT 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.
ONT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.4 | $32.1 | +43% |
| 2021 | $32.1 | $71.6 | +123% |
| 2022 | $71.6 | $43.5 | -39% |
| 2023 | $43.5 | $32.1 | -26% |
| 2024 | $32.1 | $17.5 | -46% |
| 2025 | $17.5 | $26.0 | +49% |
| 2026 YTD | $26.0 | $23.1 | -11% |
ONT's yearly returns have swung widely, from +123% in 2021 to −46% in 2024. It's down 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 ONT on returns for 2026, with the stronger performance.