VRT
Vertiv Holdings Co
VRT has the edge over WNC overall, supported by stronger fundamentals and stronger valuation.
WNC
Wabash National Corporation
WNC's outlook is improving, though it still trails on the overall score.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
WNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Healthy |
WNC's balance sheet is currently healthy, and its revenue is stable, but its profitability and cash flow are weak.
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.
WNC PE Valuation
WNC has no meaningful PE right now: it lost money over the past year.
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.
WNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect WNC's losses to shrink, with revenue growing.
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 WNC on earnings quality, reporting a profit while its opponent remains loss making.
WNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.41 | -156% |
| Q2 2026 | -$1.93 | +$0.49 |
| Q1 2026 | -$1.60 | -$0.05 |
| Q4 2025 | $4.87 | +$11.39 |
| Q3 2025 | $6.08 | +$11.51 |
| Q2 2025 | -$2.42 | -174% |
| Q1 2025 | -$1.55 | -137% |
| Q4 2024 | -$6.52 | -236% |
WNC has swung to a loss: it lost $3.41 per share over the past year, after a profit 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 WNC 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 WNC on profitability, with a higher operating margin.
WNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $476.4M | +25% |
| Q2 2026 | $417.2M | -9.1% |
| Q1 2026 | $303.2M | -20% |
| Q4 2025 | $321.5M | -23% |
| Q3 2025 | $381.6M | -18% |
| Q2 2025 | $458.8M | -17% |
| Q1 2025 | $380.9M | -26% |
| Q4 2024 | $416.8M | -30% |
WNC's revenue is recovering but still below its 2023 peak: $476M last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.2% | -19 points |
| Q2 2026 | -6.1% | -5 points |
| Q1 2026 | -17% | -100 points |
| Q4 2025 | -19% | -20 points |
| Q3 2025 | 15% | +108 points |
| Q2 2025 | -1% | -9 points |
| Q1 2025 | 83% | +77 points |
| Q4 2024 | 0.9% | -9.4 points |
WNC's operating margin was −4.2% last quarter, down 19 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 WNC on cash generation, producing positive trailing cash flow while its opponent burns cash.
WNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$40.8M | -151% |
| Q2 2026 | $3.1M | +$25.1M |
| Q1 2026 | -$37.1M | -$28.1M |
| Q4 2025 | -$61.9M | -204% |
| Q3 2025 | $79.9M | +183% |
| Q2 2025 | -$22.1M | -$16M |
| Q1 2025 | -$9M | +$27.6M |
| Q4 2024 | $59.5M | -42% |
WNC's free cash flow was −$137M over the past year, against $108M 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 |
WNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +74K shares |
| 1 year | -0.4% | -179K shares |
| 3 years | -14% | -6.8M shares |
| 5 years | -19% | -9.6M shares |
| Available history | -26% | -14.3M shares |
WNC has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $666,000 |
| Q3 2025 | $6.2M |
| Q2 2025 | $10.4M |
| Q1 2025 | $16.5M |
| Q4 2024 | $8.6M |
WNC spent $666,000 buying back its own shares over the past year, down 98% from 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 more cash than debt.
WNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.8x | Very low |
| Q2 2024 | 1.2x | Healthy |
| Q1 2024 | 0.9x | Very low |
| Q4 2023 | 0.6x | Very low |
| Q3 2023 | 0.8x | Very low |
| Q2 2023 | 0.9x | Very low |
| Q1 2023 | 1.3x | Healthy |
WNC's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than a year 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).
WNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 11.3 | Oversold |
WNC's weekly RSI is 49 (neutral) and its Stochastic is 11 (oversold).
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.
WNC PE vs Industrials Sector
| Metric | WNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
WNC has no meaningful PE right now: it lost money over the past year.
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.
WNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.5 | 6.2% below |
| 20 week MA | $12.8 | 8.2% below |
| 50 week MA | $10.7 | 9% above |
| 100 week MA | $10.9 | 7.7% above |
| 200 week MA | $17.0 | 31% below |
WNC's trend is mixed: it's above two of its five weekly moving averages, and 31% below its 200-week average.
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.
WNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $17.4 | +20% |
| 2021 | $17.4 | $19.7 | +13% |
| 2022 | $19.7 | $23.3 | +18% |
| 2023 | $23.3 | $25.6 | +10% |
| 2024 | $25.6 | $17.3 | -32% |
| 2025 | $17.3 | $8.88 | -49% |
| 2026 YTD | $8.88 | $11.7 | +32% |
WNC has the edge over VRT on returns for 2026, with the stronger performance.