Edge Thirteen Industry Primers
One-time research reports on the industries behind the picks
Generic industry reports run $2,850 a copy (IBISWorld) or a $199–649/mo subscription (Statista) -- built for analysts who need a citation, not conviction. These primers use the same SEC-filing pull-and-verify approach as the Edge Thirteen newsletter, applied to one investable theme at a time. $79 one-time, no subscription.
September 2026
The AI Data Center Power & Cooling Supply Chain
The picks-and-shovels companies behind the AI data center buildout: Vertiv Holdings (VRT), nVent Electric (NVT), Eaton Corporation (ETN), and Comfort Systems USA (FIX). Real FY2023–FY2025 revenue, gross margin, operating margin, and net margin for each, pulled from their own 10-Ks, plus the analytical read on industry structure, competitive positioning, and what to watch.
One-time payment, instant access. No account, no subscription, no sales call.
What's in the report
- Industry structure: why AI data center buildout runs through power and cooling, not just chips
- Per-company financials: FY2023–FY2025 revenue, YoY growth, gross/operating/net margin, sourced to the filing
- Competitive positioning of each of the four companies within the supply chain
- What to watch: customer concentration, grid interconnection, liquid-cooling transition, lead times
Preview — real FY2025 figures from the report
Pulled from each company's FY2025 10-K via SEC EDGAR's XBRL company-facts API. The full report includes FY2023–FY2024 comparatives, sourcing detail (exact XBRL tag and filing accession number per figure), and the written analysis -- this table alone is not the product.
| Company | FY2025 revenue | YoY growth | Gross margin | Net margin |
|---|---|---|---|---|
| VRT | $10,229.9M | 27.7% | 36.3% | 13.0% |
| NVT | $3,893.1M | 29.5% | 37.7% | 18.2% |
| ETN | $27,448M | 10.3% | 37.6% | 14.9% |
| FIX | $9,101.6M | 29.5% | 24.1% | 11.2% |
Eaton's recent 10-Ks don't tag a standalone operating-income line, so operating margin isn't shown for ETN in this preview table -- see the full report for its pretax-margin figure and note on why. (FY2025 pretax margin: 18.0%.)
Frequently asked
Where do the numbers come from?
Every dollar figure in the report is pulled directly from SEC EDGAR's public XBRL company-facts API for each company's own filed 10-K -- the same government data source, and the same pull-and-verify approach, that powers Edge Thirteen's weekly value-investing newsletter. No modeled or estimated numbers; where a figure isn't cleanly disclosed (e.g. segment-level revenue splits), the report says so instead of guessing.
Is this the same team that writes the Edge Thirteen newsletter?
Yes. This report repackages the same SEC-data pipeline and analytical voice as the weekly newsletter, applied to a single industry instead of a single stock pick.
Is this investment advice?
No. It's educational, general-circulation research on publicly traded companies -- not personalized investment advice, and not a recommendation to buy or sell anything. See the full disclaimer in the report.
Is this a subscription?
No -- $79 once, no recurring charge. Future primers on other industries will be separate one-time purchases as they're published.
What do I get after buying?
Instant access to the full report as a formatted page: industry structure and thesis, per-company financials with sourced figures and margin/growth trends, competitive positioning, and what to watch going forward.