VRT
Vertiv Holdings Co
VRT has the edge over WAB overall, supported by stronger valuation and stronger modeled upside.
WAB
Westinghouse Air Brake Technologies Corporation
WAB has lower modeled downside risk, despite its lower overall score.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
WAB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
WAB's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
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 WAB in the historical PE scenario, which offers more potential upside but is not a forecast.
WAB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $301 | — |
| Cheap | 28x | $224 | -25% |
| Fair | 31x | $251 | -16% |
| Expensive | 37x | $302 | +0.4% |
| Current | 37x | $301 | — |
Historical ranges are pointers, not guarantees.
WAB's PE is in its expensive range at 37x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
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.
WAB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WAB, with profitability improving.
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 WAB on earnings, with stronger typical year-over-year growth.
WAB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.90 | +48% |
| Q3 2026 | $8.05 | +17% |
| Q2 2026 | $7.44 | +11% |
| Q1 2026 | $7.07 | +11% |
| Q4 2025 | $6.83 | +13% |
| Q3 2025 | $6.89 | +15% |
| Q2 2025 | $6.71 | +18% |
| Q1 2025 | $6.39 | +25% |
| Q4 2024 | $6.04 | +33% |
WAB's earnings per share have climbed steadily: $8.05 over the past year, up 17% from the year before, and higher year over year for 20 quarters in a row.
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 WAB on sales, with stronger typical year-over-year growth.
| 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 WAB on profitability, with a higher operating margin.
WAB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.1B | +8.1% |
| Q2 2026 | $3.2B | +17% |
| Q1 2026 | $3B | +13% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.9B | +8.4% |
| Q2 2025 | $2.7B | +2.3% |
| Q1 2025 | $2.6B | +4.5% |
| Q4 2024 | $2.6B | +2.3% |
WAB's revenue has grown year over year for 22 quarters in a row: $3.1B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +3 points |
| Q2 2026 | 19% | +1.4 points |
| Q1 2026 | 18% | -0.6 points |
| Q4 2025 | 12% | -0.9 points |
| Q3 2025 | 17% | +0.8 points |
| Q2 2025 | 17% | +1.2 points |
| Q1 2025 | 18% | +1.7 points |
| Q4 2024 | 13% | +0.7 points |
WAB's operating margin was 20% last quarter, up 3 points from the same quarter a year ago, near the top of its range since 2019.
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 WAB on cash flow, with more consistent year-over-year improvement.
WAB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $381M | +22% |
| Q2 2026 | $379M | +123% |
| Q1 2026 | $153M | +4.1% |
| Q4 2025 | $870M | +36% |
| Q3 2025 | $312M | -37% |
| Q2 2025 | $170M | -10% |
| Q1 2025 | $147M | -51% |
| Q4 2024 | $639M | +4.9% |
WAB generated $1.8B in free cash flow over the past year, up 41% from the year before.
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 |
WAB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -800K shares |
| 1 year | -1.3% | -2.3M shares |
| 3 years | -5.8% | -10.4M shares |
| 5 years | -10% | -19.2M shares |
| Available history | -4.8% | -8.5M shares |
WAB has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $305M |
| Q2 2026 | $215M |
| Q1 2026 | $242M |
| Q4 2025 | $75M |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $98M |
| Q4 2024 | $123M |
WAB spent $837M buying back its own shares over the past year, about three times what it spent the year before.
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 WAB on leverage, with a lower net debt burden relative to earnings.
WAB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.6x | Healthy |
WAB's net debt is about 2.2 years of its operating earnings (EBITDA), about the same as a year ago.
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).
WAB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 47.0 | Neutral |
WAB's weekly RSI is 63 (neutral) and its Stochastic is 47 (neutral).
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.
WAB PE vs Industrials Sector
| Metric | WAB | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 55% above |
| PE % | 81 | 58 | 23 pts above |
WAB has the edge over VRT on valuation relative to its sector.
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.
WAB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $285.5 | 5.3% above |
| 20 week MA | $284.5 | 5.6% above |
| 50 week MA | $262.2 | 15% above |
| 100 week MA | $228.4 | 32% above |
| 200 week MA | $181.6 | 65% above |
WAB has the edge over VRT on trend strength, trading above more of its moving averages.
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.
WAB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $78.6 | $73.3 | -6.7% |
| 2021 | $73.3 | $89.9 | +23% |
| 2022 | $89.9 | $100.5 | +12% |
| 2023 | $100.5 | $126.9 | +26% |
| 2024 | $126.9 | $192.0 | +51% |
| 2025 | $192.0 | $219.3 | +14% |
| 2026 YTD | $219.3 | $300.5 | +37% |
WAB has the edge over VRT on returns for 2026, with the stronger performance.