NYSE Shariah screener · October 2026
Is Vertiv Holdings Co (VRT) Halal?
Vertiv Holdings Co · NYSE: VRT · Industrials
The short answer
Yes - Vertiv Holdings Co (VRT) passes this Shariah stock screen at all three gates. Vertiv, the Columbus-based digital infrastructure company, earns its revenue from power management, thermal management, IT infrastructure, and services for data centers (FY2025 net sales $10,229.9M) - none of which involve alcohol, tobacco, gambling, pork, conventional banking, weapons manufacturing, or adult entertainment. The financial ratios pass: total debt of about $2.92B is about 3.08% of its ~$95B market cap ($246.12/share, October 2026), below the ~33% ceiling, and interest income is effectively ~0% (not separately disclosed in the filings; Zoya independently records $0), below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.
Gate 1 — Business activity: PASS
Vertiv Holdings Co (NYSE: VRT), headquartered in Columbus, Ohio, designs, manufactures, and services critical digital infrastructure for data centers ('digital infrastructure and continuity solutions... hardware, software, analytics and ongoing services'). Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101; figures cross-verified through independent SEC-filing reproductions at stocktitan.net and quartr.com, since sec.gov blocked direct fetch): power management (UPS, power distribution, switchgear; 800 VDC power architectures for AI data centers via an NVIDIA partnership), thermal management (precision cooling, liquid cooling, fluid management; 2025 PurgeRite acquisition), IT infrastructure (racks and cabinets via the 2025 Great Lakes acquisition; Vertiv OneCore / SmartRun converged infrastructure), and services & digital (lifecycle management, AI-enabled monitoring via the 2025 Waylay acquisition; 5,000+ field service engineers globally). Partnerships include NVIDIA (AI factory reference architectures), Caterpillar + Solar Turbines (onsite power generation), and Oklo (clean/nuclear-powered data centers, Sep 2026). Business-screen implication (factual): digital infrastructure for data centers - no alcohol, tobacco, gambling, pork, conventional banking/insurance, weapons manufacturing, or adult entertainment. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Per Vertiv's Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101; $ millions; figures cross-verified through independent SEC-filing reproductions at stocktitan.net and quartr.com, since sec.gov blocked direct fetch), total debt at December 31, 2025 was: current portion of long-term debt $20.9M + long-term debt ~$2.9B = about $2.92B (year-end net leverage ratio ~0.5x). Against a market cap of about $95B ($246.12 per share, Finnhub, October 2026; sanity check: 384.11M shares x $246.12 = about $94.5B - consistent), debt / market cap is about 3.08% - below the ~33% ceiling. Cash and cash equivalents of $1,728.4M plus short-term investments of $99.5M = about $1.83B, or about 1.92% of market cap. Total liabilities were $8,271.1M; operating cash flow was $2.1B. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
Per Vertiv's Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101), Vertiv discloses NO separate interest-income line - interest is netted into 'Interest expense, net' ($86.1M FY2025). Zoya independently records Vertiv's FY2025 interest income as $0 on revenue of $10,229,900,000 (from its company data) - about 0% of revenue, below the 5% non-compliant income ceiling. So interest income is effectively ~0% on the evidence available. Gate 3 passes. Facts only - no interest-income figure is asserted beyond what the filing discloses.
Key figures used
- Business: critical digital infrastructure for data centers (HQ Columbus, Ohio) - power management, thermal management, IT infrastructure (racks/cabinets), services & digital (lifecycle, AI monitoring); NVIDIA AI factory partnership; Caterpillar + Solar Turbines onsite power; Oklo nuclear-powered data centers (Sep 2026)
- FY2025 (10-K, filed Feb 13, 2026; CIK 0001674101; $ millions; cross-verified via stocktitan.net/quartr.com reproductions): net sales $10,229.9M (+27.7% YoY, record); operating profit $1,829.7M (17.9% margin); net income $1,332.8M; diluted EPS $3.41 (+166%); operating cash flow $2.1B; adjusted free cash flow $1.9B
- Debt: ~$2.92B total (current $20.9M + long-term ~$2.9B, Dec 31, 2025) - about 3.08% of ~$95B market cap ($246.12, Oct 2026), below the ~33% ceiling (year-end net leverage ~0.5x)
- Cash/securities: $1,728.4M cash + $99.5M short-term investments = ~$1.83B, about 1.92% of market cap
- Interest income: effectively ~0% - no separate interest-income line (netted into 'Interest expense, net' $86.1M); Zoya independently records FY2025 interest income as $0 on $10,229.9M revenue - below the 5% ceiling
- No haram segments: digital infrastructure for data centers - no alcohol, tobacco, gambling, pork, conventional banking/insurance, weapons manufacturing, or adult entertainment
- Third-party screeners: Zoya covers (garbled auto-generated page - data fields only, no rating quoted); Musaffa - no coverage found; ShariaPortfolio - no coverage found
- Material: FY2025 record sales $10.2B (+28%), adjusted operating profit $2.1B (20.4% margin); Q2 2026 (Jul 29, 2026): sales $3,274.3M (+24.1% YoY), net income $497.8M (+53.5%), raised FY2026 outlook; 2025 acquisitions (Great Lakes, PurgeRite, Waylay); stock +51.9% YTD; small quarterly dividend (~$0.19-0.20/year, ~0.07% yield)
- Listing: NYSE-listed common stock (ticker VRT); live quote $246.12 Oct 2, 2026 - no delisting
Frequently asked questions
What does Vertiv do?
Vertiv Holdings Co (NYSE: VRT), headquartered in Columbus, Ohio, designs, manufactures, and services critical digital infrastructure for data centers ('digital infrastructure and continuity solutions... hardware, software, analytics and ongoing services'). Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101; figures cross-verified through independent SEC-filing reproductions at stocktitan.net and quartr.com, since sec.gov blocked direct fetch): power management (UPS, power distribution, switchgear; 800 VDC power architectures for AI data centers via an NVIDIA partnership), thermal management (precision cooling, liquid cooling, fluid management), IT infrastructure (racks and cabinets via the 2025 Great Lakes acquisition; Vertiv OneCore / SmartRun converged infrastructure), and services & digital (lifecycle management, AI-enabled monitoring via the 2025 Waylay acquisition; 5,000+ field service engineers globally). Its common stock trades on the New York Stock Exchange (ticker VRT). FY2025 net sales were $10,229.9M (+27.7% YoY, a record).
Why does Vertiv pass this Shariah stock screen?
Vertiv passes all three gates of this Shariah stock screen. Gate 1 (business activity): critical digital infrastructure for data centers - power management, thermal management, IT infrastructure, and services involve no alcohol, tobacco, gambling, pork, conventional banking/insurance, weapons manufacturing, or adult entertainment. Gate 2 (debt): total debt of about $2.92B is about 3.08% of its ~$95B market cap (October 2026), below the ~33% ceiling. Gate 3 (non-compliant income): Vertiv discloses no separate interest-income line (interest is netted into 'Interest expense, net' of $86.1M); Zoya independently records FY2025 interest income as $0 on revenue of $10,229,900,000 - about 0%, below the 5% ceiling. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.
What is Vertiv's interest-bearing debt ratio?
Per Vertiv's Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101; $ millions; figures cross-verified through independent SEC-filing reproductions at stocktitan.net and quartr.com, since sec.gov blocked direct fetch), total debt at December 31, 2025 was: current portion of long-term debt $20.9M + long-term debt ~$2.9B = about $2.92B (year-end net leverage ratio ~0.5x). Against a market cap of about $95B ($246.12 per share, Finnhub, October 2026; sanity check: 384.11M shares x $246.12 = about $94.5B - consistent), debt / market cap is about 3.08% - below the ~33% ceiling. Cash and cash equivalents of $1,728.4M plus short-term investments of $99.5M = about $1.83B, or about 1.92% of market cap. Gate 2 passes. Facts only.
How much interest income does Vertiv earn?
Per Vertiv's Form 10-K for the fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101), Vertiv discloses NO separate interest-income line - interest is netted into 'Interest expense, net' ($86.1M FY2025). Zoya independently records Vertiv's FY2025 interest income as $0 on revenue of $10,229,900,000 (from its company data) - about 0% of revenue, below the 5% non-compliant income ceiling. So interest income is effectively ~0% on the evidence available. Gate 3 passes. Facts only - no interest-income figure is asserted beyond what the filing discloses.
Do Zoya, Musaffa, or ShariaPortfolio cover Vertiv?
Zoya covers Vertiv at zoya.finance/stocks/vrt, but its auto-generated FAQ text is garbled/contradictory (renders 'Shariah-compliant and therefore considered halal' AND 'Shariah-compliant and therefore not considered halal' fragments simultaneously) - no clean Zoya rating can be quoted, and none is quoted here. Useful corroborating fact: Zoya's data fields report FY2025 interest income of $0 and revenue of $10,229,900,000 - matching the 10-K exactly. Musaffa: no musaffa.com/stock/vrt/ page found in web searches - honestly reported as no coverage found, not invented. ShariaPortfolio: no VRT coverage found in web searches (a fund named 'Shariaportfolio Inc.' owns VRT shares - that is not a compliance rating).
Sources
- Vertiv Holdings Co Form 10-K for fiscal year ended December 31, 2025 (filed February 13, 2026; CIK 0001674101; $ millions; figures cross-verified through independent SEC-filing reproductions at stocktitan.net and quartr.com, since sec.gov blocked direct fetch): net sales $10,229.9M; operating profit $1,829.7M; net income $1,332.8M; diluted EPS $3.41; interest expense, net $86.1M (no separate interest-income line); cash and cash equivalents $1,728.4M; short-term investments $99.5M; current portion of long-term debt $20.9M; long-term debt ~$2.9B; total assets $12,212.4M; total liabilities $8,271.1M
- Zoya Vertiv stock page (2026): coverage of VRT; data fields report FY2025 interest income $0 and revenue $10,229,900,000 (0% of combined total); auto-generated FAQ text garbled/contradictory - data only, no PASS/FAIL quoted
- Finnhub VRT live market data (Oct 2, 2026): NYSE (XNYS), price ~$246.12, market cap ~$95-103B - live quote, no delisting
Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.
Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).