VRT
Vertiv Holdings Co
VRT has the edge over WM overall, supported by stronger valuation and stronger modeled upside.
WM
Waste Management, Inc.
WM 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.
WM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
WM's profitability and cash flow are currently healthy, and its revenue and balance sheet are 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 WM in the historical PE scenario, which offers more potential upside but is not a forecast.
WM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $244 | — |
| Cheap | 29x | $224 | -8.4% |
| Current | 32x | $244 | — |
| Fair | 33x | $251 | +2.8% |
| Expensive | 36x | $277 | +13% |
Historical ranges are pointers, not guarantees.
WM's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its cheap range.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over WM on the outlook, with more favorable profitability expectations.
WM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for WM, with profitability holding steady.
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 WM on earnings, with more consistent year-over-year improvement.
WM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.62 | +13% |
| Q3 2026 | $7.62 | +20% |
| Q2 2026 | $7.06 | +4.6% |
| Q1 2026 | $6.91 | +4.1% |
| Q4 2025 | $6.70 | -1.6% |
| Q3 2025 | $6.36 | -2.8% |
| Q2 2025 | $6.75 | +7.3% |
| Q1 2025 | $6.64 | +8.7% |
| Q4 2024 | $6.81 | +20% |
WM earned $7.62 per share over the past year, up 20% from the year before.
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 WM 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 WM on profitability, with a higher operating margin.
WM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +6.3% |
| Q2 2026 | $6.7B | +4% |
| Q1 2026 | $6.2B | +3.5% |
| Q4 2025 | $6.3B | +7.1% |
| Q3 2025 | $6.4B | +15% |
| Q2 2025 | $6.4B | +19% |
| Q1 2025 | $6B | +17% |
| Q4 2024 | $5.9B | +13% |
WM's revenue has grown year over year every quarter since late 2020: $6.8B last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +3.3 points |
| Q2 2026 | 19% | +0.9 points |
| Q1 2026 | 18% | +1 points |
| Q4 2025 | 18% | +2.7 points |
| Q3 2025 | 15% | -4.6 points |
| Q2 2025 | 18% | -0.8 points |
| Q1 2025 | 17% | -2.9 points |
| Q4 2024 | 16% | +0.5 points |
WM's operating margin was 19% last quarter, up 3.3 points from the same quarter a year ago.
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 WM on cash flow, with stronger typical year-over-year growth.
WM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $983M | +20% |
| Q2 2026 | $1.1B | +35% |
| Q1 2026 | $851M | +126% |
| Q4 2025 | $810M | +105% |
| Q3 2025 | $816M | +41% |
| Q2 2025 | $813M | +67% |
| Q1 2025 | $377M | -46% |
| Q4 2024 | $396M | +16% |
WM's free cash flow has been positive every quarter for seven years: $3.7B over the past year, up 56% 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 |
WM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -2.6M shares |
| 1 year | -1.1% | -4.5M shares |
| 3 years | -1.5% | -6.1M shares |
| 5 years | -5.3% | -22.2M shares |
| Available history | -6.5% | -27.7M shares |
WM has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $580M |
| Q2 2026 | $659M |
| Q1 2026 | $344M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $12M |
| Q1 2024 | $250M |
| Q4 2023 | $312M |
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 WM on leverage, with a lower net debt burden relative to earnings.
WM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.0x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.7x | Elevated |
| Q4 2024 | 3.7x | Elevated |
WM's net debt is about 2.9 years of its operating earnings (EBITDA), down from 3.4 years 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).
WM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.7 | Neutral |
| Stochastic | 81.9 | Overbought |
WM's weekly RSI is 63 (neutral) and its Stochastic is 82 (overbought).
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.
WM PE vs Industrials Sector
| Metric | WM | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 33% above |
| PE % | 41 | 58 | 17 pts below |
WM 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.
WM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $225.0 | 8.5% above |
| 20 week MA | $225.4 | 8.3% above |
| 50 week MA | $225.0 | 8.5% above |
| 100 week MA | $224.0 | 9% above |
| 200 week MA | $204.4 | 19% above |
WM 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 has the edge over WM on returns for 2026, with the stronger performance.
WM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $113.9 | $117.0 | +2.7% |
| 2021 | $117.0 | $161.9 | +38% |
| 2022 | $161.9 | $159.2 | -1.7% |
| 2023 | $159.2 | $179.1 | +12% |
| 2024 | $179.1 | $204.0 | +14% |
| 2025 | $204.0 | $221.1 | +8.4% |
| 2026 YTD | $221.1 | $244.1 | +10% |
WM has finished higher in five of the last six years. It's up 10% so far in 2026.