VRT
Vertiv Holdings Co
VRT's fundamentals are strong and it looks cheap: trading at 39x earnings, about half its usual 72x. Analysts expect strong earnings growth.
XPON
Expion360 Inc.
There isn't enough reported data to score XPON yet.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
XPON Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Unavailable |
XPON's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
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.
XPON PE Valuation
XPON 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.
XPON Forward outlook
There aren't enough analyst estimates for XPON to show an outlook.
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's earnings per share have climbed steadily: $5.35 over the past year, up 102% from the year before, and higher year over year every quarter since late 2021.
XPON Earnings Per Share
XPON and VRT do not have enough comparable growth data to identify a winner.
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 XPON on profitability, with a higher operating margin.
XPON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2M | -32% |
| Q1 2026 | $1.6M | -24% |
| Q4 2025 | $2.2M | +12% |
| Q3 2025 | $2.4M | +72% |
| Q2 2025 | $3M | +134% |
| Q1 2025 | $2M | +111% |
| Q4 2024 | $2M | +131% |
| Q3 2024 | $1.4M | -26% |
XPON's revenue fell from its 2025 peak and has held roughly level since: $2M last quarter, down 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -64% | -19 points |
| Q1 2026 | -113% | -57 points |
| Q4 2025 | -234% | -175 points |
| Q3 2025 | -125% | +13 points |
| Q2 2025 | -45% | +86 points |
| Q1 2025 | -56% | +146 points |
| Q4 2024 | -59% | +194 points |
| Q3 2024 | -139% | -43 points |
XPON's operating margin was −64% 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 XPON on cash generation, producing positive trailing cash flow while its opponent burns cash.
XPON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.5M | -$1.1M |
| Q1 2026 | -$1.1M | +$101.1K |
| Q4 2025 | -$2.4M | +$489.1K |
| Q3 2025 | -$2.1M | +$1.1M |
| Q2 2025 | -$401K | +$1.3M |
| Q1 2025 | -$1.2M | +$453.5K |
| Q4 2024 | -$2.9M | -$1.6M |
| Q3 2024 | -$3.2M | -$2.6M |
XPON has burned cash in almost every quarter: −$7M over the past year, against −$8M 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 the edge over XPON 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 |
XPON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -73 shares |
| 1 year | +6.5% | +372 shares |
XPON has 6,131 diluted shares, up 6.5% from 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 more cash than debt.
XPON Net Leverage
XPON's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
XPON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.4 | Neutral |
| Stochastic | 2.9 | Oversold |
XPON's weekly RSI is 32 (neutral) and its Stochastic is 3 (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.
XPON PE vs Industrials Sector
XPON 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 the edge over XPON on trend strength, trading above more of its moving averages.
XPON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.66 | 34% below |
| 20 week MA | $4.16 | 42% below |
| 50 week MA | $6.81 | 65% below |
| 100 week MA | $11.0 | 78% below |
| 200 week MA | $1,867.9 | 100% below |
XPON is in a downtrend: it's below all five of its weekly moving averages, and 100% 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 has the edge over XPON on returns for 2026, with the stronger performance.
XPON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $9,516.0 | $2,820.0 | -70% |
| 2023 | $2,820.0 | $6,468.0 | +129% |
| 2024 | $6,468.0 | $26.3 | -100% |
| 2025 | $26.3 | $9.84 | -63% |
| 2026 YTD | $9.84 | $2.41 | -76% |
XPON's yearly returns have swung widely, from +129% in 2023 to −100% in 2024. It's down 76% so far in 2026.