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Veralto Corporation(VLTO)Earnings, Financials & Key Ratios
VLTO•NYSE
22.3× P/E·Price updated Jun 19, 2026
SectorIndustrialsIndustryEnvironmental ServicesSub-IndustryEnvironmental Monitoring and Lab Instruments
AboutVeralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat and other brands. This segment also provides water solutions, including chemical reagents, services, and digital solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.Show more
- Revenue$5.5B+6.0%
- EBITDA$1.35B+5.4%
- Net Income$940M+12.8%
- EPS (Diluted)3.76+12.6%
- Gross Margin59.95%+0.3%
- EBITDA Margin24.62%-0.6%
- Operating Margin23.21%-0.2%
- Net Margin17.08%+6.5%
- ROE36.5%-24.8%
VLTO Key Insights
Veralto Corporation (VLTO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 40.4%
- ✓FCF machine: 18.4% free cash flow margin
- ✓Healthy 5Y average net margin of 17.1%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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VLTO Price & Volume
Veralto Corporation (VLTO) stock price & volume — 10-year historical chart
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VLTO Growth Metrics
Veralto Corporation (VLTO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years4.16%
TTM5.95%
Profit CAGR
10 Years-
5 Years-
3 Years3.62%
TTM10.87%
EPS CAGR
10 Years-
5 Years-
3 Years3.11%
TTM10.57%
Return on Capital
10 Years26.97%
5 Years26.97%
3 Years25.63%
Last Year23.65%
VLTO Recent Earnings
Veralto Corporation (VLTO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (100%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.07+4.9%
$1.02
Rev
$1.4B+1.6%
$1.4B
Q1 2026
Feb 3, 2026Metric
Actual
Est
EPS
$1.04+6.3%
$0.98
Rev
$1.4B-0.7%
$1.4B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.99+4.7%
$0.95
Rev
$1.4B+0.4%
$1.4B
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$0.93+5.4%
$0.88
Rev
$1.4B+2.0%
$1.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.07vs $1.02+4.9% | $1.4Bvs $1.4B+1.6% |
| Q1 2026 | Feb 3, 2026 | $1.04vs $0.98+6.3% | $1.4Bvs $1.4B-0.7% |
| Q4 2025 | Oct 28, 2025 | $0.99vs $0.95+4.7% | $1.4Bvs $1.4B+0.4% |
| Q3 2025 | Jul 28, 2025 | $0.93vs $0.88+5.4% | $1.4Bvs $1.3B+2.0% |
Based on last 12 quarters of dataView full earnings history →
VLTO Peer Comparison
Veralto Corporation (VLTO) competitors in Environmental Monitoring and Lab Instruments — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DHR | 125.4B | 177.17 | 35.15 | 2.9% | 14.89% | 7.06% | 0.35 | |
 FTV | 18.79B | 61.03 | 35.07 | -17.48% | 11.48% | 7.38% | 0.50 | |
 ROP | 33.99B | 330.26 | 23.26 | 12.26% | 21.12% | 8.75% | 0.47 | |
 AME | 54.38B | 237.42 | 37.10 | 6.63% | 20.11% | 14.39% | 0.21 | |
 WAT | 23.17B | 355.44 | 33.03 | 6.99% | 11.91% | 8.04% | 0.55 | |
 IEX | 16.72B | 224.93 | 35.09 | 5.77% | 14.38% | 12.62% | 0.45 | |
 XYL | 26.48B | 111.42 | 28.42 | 5.52% | 10.7% | 8.51% | 0.17 | |
 PNR | 12.01B | 74.32 | 18.77 | 2.28% | 15.97% | 17.74% | 0.42 |
Compare VLTO vs Peers
Veralto Corporation (VLTO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VLTO Income Statement
Veralto Corporation (VLTO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 4.7B | 4.87B | 5.02B | 5.19B | 5.5B | 5.59B |
Revenue Growth % | - | 3.62% | 3.1% | 3.43% | 5.97% | 5.95% |
Cost of Goods Sold | 1.99B | 2.11B | 2.12B | 2.09B | 2.2B | 2.25B |
COGS % of Revenue | 42.28% | 43.33% | 42.22% | 40.21% | 40.05% | - |
Gross Profit | 2.71B▲ 0% | 2.77B▲ 2.1% | 2.9B▲ 4.8% | 3.1B▲ 7.0% | 3.3B▲ 6.2% | 3.35B▲ 0% |
Gross Margin % | 57.72% | 56.86% | 57.78% | 59.79% | 59.95% | 59.86% |
Gross Profit Growth % | - | 2.06% | 4.77% | 7.03% | 6.25% | - |
Operating Expenses | 1.67B | 1.65B | 1.76B | 1.9B | 2.02B | 2.06B |
OpEx % of Revenue | 35.57% | 33.84% | 35.07% | 36.53% | 36.74% | - |
Selling, General & Admin | 1.43B | 1.47B | 1.54B | 1.64B | 1.76B | 1.78B |
SG&A % of Revenue | 30.38% | 30.27% | 30.59% | 31.66% | 31.91% | - |
Research & Development | 244M | 217M | 225M | 253M | 266M | 270M |
R&D % of Revenue | 5.19% | 4.46% | 4.48% | 4.87% | 4.83% | - |
Other Operating Expenses | 0 | -43M | 0 | 0 | 0 | 0 |
Operating Income | 1.04B▲ 0% | 1.11B▲ 6.8% | 1.14B▲ 2.5% | 1.21B▲ 6.0% | 1.28B▲ 5.7% | 1.29B▲ 0% |
Operating Margin % | 22.15% | 22.83% | 22.7% | 23.26% | 23.21% | 23.12% |
Operating Income Growth % | - | 6.82% | 2.52% | 5.96% | 5.71% | - |
EBITDA | 1.15B | 1.2B | 1.23B | 1.29B | 1.35B | 1.36B |
EBITDA Margin % | 24.4% | 24.68% | 24.44% | 24.76% | 24.62% | 24.37% |
EBITDA Growth % | - | 4.8% | 2.08% | 4.81% | 5.37% | 3.81% |
D&A (Non-Cash Add-back) | 106M | 90M | 87M | 78M | 78M | 70M |
EBIT | 1.04B | 1.11B | 1.13B | 1.2B | 1.27B | 1.3B |
Net Interest Income | 0 | 0 | -30M | -113M | -96M | -93M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 0 | 30M | 113M | 96M | 93M |
Other Income/Expense | 6M | 1M | -44M | -122M | -104M | -88M |
Pretax Income | 1.05B▲ 0% | 1.11B▲ 6.3% | 1.1B▼ 1.5% | 1.09B▼ 0.9% | 1.17B▲ 8.0% | 1.21B▲ 0% |
Pretax Margin % | 22.28% | 22.85% | 21.83% | 20.91% | 21.32% | 21.54% |
Income Tax | 186M | 268M | 257M | 253M | 233M | 236M |
Effective Tax Rate % | 17.77% | 24.08% | 23.45% | 23.3% | 19.86% | 19.59% |
Net Income | 861M▲ 0% | 845M▼ 1.9% | 839M▼ 0.7% | 833M▼ 0.7% | 940M▲ 12.8% | 969M▲ 0% |
Net Margin % | 18.32% | 17.35% | 16.71% | 16.04% | 17.08% | 17.33% |
Net Income Growth % | - | -1.86% | -0.71% | -0.72% | 12.85% | 10.87% |
Net Income (Continuing) | 861M | 845M | 839M | 833M | 940M | 969M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 4M | 5M | 6M | 7M | 0 | 1M |
EPS (Diluted) | 3.50▲ 0% | 3.43▼ 2.0% | 3.41▼ 0.6% | 3.34▼ 2.1% | 3.76▲ 12.6% | 3.89▲ 0% |
EPS Growth % | - | -2% | -0.58% | -2.05% | 12.57% | 10.57% |
EPS (Basic) | 3.50 | 3.43 | 3.41 | 3.37 | 3.79 | - |
Diluted Shares Outstanding | 246.1M | 246.1M | 246.4M | 249.6M | 250.3M | 249.2M |
Basic Shares Outstanding | 246.1M | 246.1M | 246.4M | 247.3M | 248.3M | 247.6M |
Dividend Payout Ratio | - | - | - | 10.68% | 11.6% | - |
VLTO Balance Sheet
Veralto Corporation (VLTO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 1.21B | 1.28B | 2.07B | 2.39B | 3.43B | 2.94B |
Cash & Short-Term Investments | 0 | 0 | 762M | 1.1B | 2.03B | 1.43B |
Cash Only | 0 | 0 | 762M | 1.1B | 2.03B | 1.43B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 757M | 816M | 826M | 812M | 897M | 922M |
Days Sales Outstanding | 58.79 | 61.16 | 60.05 | 57.07 | 59.5 | 58.28 |
Inventory | 322M | 345M | 297M | 288M | 307M | 332M |
Days Inventory Outstanding | 59.15 | 59.68 | 51.13 | 50.34 | 50.84 | 53.16 |
Other Current Assets | 126M | 119M | 188M | 186M | 0 | 259M |
Total Non-Current Assets | 3.63B | 3.54B | 3.62B | 4.02B | 4.26B | 4.71B |
Property, Plant & Equipment | 260M | 247M | 262M | 268M | 294M | 297M |
Fixed Asset Turnover | 18.08x | 19.72x | 19.16x | 19.38x | 18.72x | 19.29x |
Goodwill | 2.5B | 2.48B | 2.53B | 2.69B | 2.84B | 3.04B |
Intangible Assets | 533M | 479M | 427M | 535M | 524M | 750M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 340M | 343M | 398M | 523M | 605M | 620M |
Total Assets | 4.84B▲ 0% | 4.83B▼ 0.3% | 5.69B▲ 18.0% | 6.41B▲ 12.5% | 7.69B▲ 20.1% | 7.65B▲ 0% |
Asset Turnover | 0.97x | 1.01x | 0.88x | 0.81x | 0.72x | 0.75x |
Asset Growth % | - | -0.31% | 17.99% | 12.52% | 20.09% | 75.36% |
Total Current Liabilities | 1.12B | 1.12B | 1.26B | 1.25B | 2.06B | 1.98B |
Accounts Payable | 464M | 440M | 431M | 395M | 416M | 426M |
Days Payables Outstanding | 85.23 | 76.11 | 74.21 | 69.05 | 68.89 | 67.19 |
Short-Term Debt | 34M | 32M | 33M | 39M | 700M | 700M |
Deferred Revenue (Current) | 175M | 192M | 208M | 237M | 0 | 0 |
Other Current Liabilities | 216M | 243M | 403M | 330M | 0 | 858M |
Current Ratio | 1.07x | 1.14x | 1.64x | 1.92x | 1.67x | 1.48x |
Quick Ratio | 0.79x | 0.83x | 1.40x | 1.69x | 1.52x | 1.32x |
Cash Conversion Cycle | 32.7 | 44.72 | 36.98 | 38.37 | 41.44 | 44.25 |
Total Non-Current Liabilities | 518M | 462M | 3.04B | 3.12B | 2.53B | 2.66B |
Long-Term Debt | 0 | 0 | 2.63B | 2.6B | 1.97B | 1.96B |
Capital Lease Obligations | 101M | 91M | 115M | 129M | 0 | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 404M | 357M | 280M | 371M | 558M | 702M |
Total Liabilities | 1.64B | 1.58B | 4.3B | 4.36B | 4.59B | 4.65B |
Total Debt | 135M | 123M | 2.78B | 2.77B | 2.67B | 2.66B |
Net Debt | 135M | 123M | 2.02B | 1.67B | 642M | 1.23B |
Debt / Equity | 0.04x | 0.04x | 2.00x | 1.35x | 0.86x | 0.89x |
Debt / EBITDA | 0.12x | 0.10x | 2.26x | 2.15x | 1.97x | 1.95x |
Net Debt / EBITDA | 0.12x | 0.10x | 1.64x | 1.30x | 0.47x | 0.90x |
Interest Coverage | - | - | 37.53x | 10.61x | 13.22x | 13.96x |
Total Equity | 3.2B▲ 0% | 3.24B▲ 1.2% | 1.39B▼ 57.1% | 2.04B▲ 47.2% | 3.11B▲ 51.9% | 3.01B▲ 0% |
Equity Growth % | - | 1.22% | -57.13% | 47.23% | 51.88% | 186.53% |
Book Value per Share | 13.01 | 13.17 | 5.64 | 8.19 | 12.41 | 12.06 |
Total Shareholders' Equity | 3.2B | 3.23B | 1.38B | 2.04B | 3.11B | 3B |
Common Stock | 4.08B | 4.19B | 2M | 2M | 3.11B | 2M |
Retained Earnings | 0 | 0 | 178M | 917M | 0 | 1.97B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -887M | -954M | -954M | -1.07B | 0 | -948M |
Minority Interest | 4M | 5M | 6M | 7M | 0 | 1M |
VLTO Cash Flow Statement
Veralto Corporation (VLTO) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | 896M | 870M | 963M | 875M | 1.08B | 1.1B |
Operating CF Margin % | 19.06% | 17.86% | 19.18% | 16.85% | 19.57% | - |
Operating CF Growth % | - | -2.9% | 10.69% | -9.14% | 23.09% | 80.64% |
Net Income | 861M | 845M | 839M | 833M | 940M | 969M |
Depreciation & Amortization | 106M | 90M | 87M | 78M | 78M | 83M |
Stock-Based Compensation | 34M | 41M | 55M | 65M | 74M | 45M |
Deferred Taxes | -11M | -44M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 3M | 44M | 15M | 15M | 12M | -69M |
Working Capital Changes | -97M | -106M | -33M | -116M | -27M | 74M |
Change in Receivables | -14M | -88M | 2M | 3M | -50M | 9M |
Change in Inventory | -75M | -38M | 52M | 3M | -6M | 20M |
Change in Payables | 65M | 23M | -1M | -29M | 8M | -18M |
Cash from Investing | -97M | -89M | -55M | -434M | -98M | -526M |
Capital Expenditures | -54M | -34M | -54M | -55M | -63M | -60M |
CapEx % of Revenue | 1.15% | 0.7% | 1.08% | 1.06% | 1.14% | 1.07% |
Acquisitions | -34M | -55M | 2M | -363M | 0 | 0 |
Investments | - | - | - | - | - | - |
Other Investing | -9M | 0 | -3M | -16M | -35M | -466M |
Cash from Financing | -799M | -781M | -135M | -65M | -102M | -408M |
Debt Issued (Net) | 0 | 0 | 2.61B | 0 | 0 | 0 |
Equity Issued (Net) | -800M | -781M | -147M | 24M | 22M | 21M |
Dividends Paid | 0 | 0 | 0 | -89M | -109M | -114M |
Share Repurchases | -800M | -781M | -147M | 0 | 0 | 0 |
Other Financing | 1M | 0 | -2.6B | 0 | -15M | -315M |
Net Change in Cash | 0▲ 0% | 0▲ 0% | 762M▲ 0% | 339M▼ 55.5% | 930M▲ 174.3% | 192M▲ 0% |
Free Cash Flow | 842M▲ 0% | 836M▼ 0.7% | 909M▲ 8.7% | 820M▼ 9.8% | 1.01B▲ 23.7% | 1.04B▲ 0% |
FCF Margin % | 17.91% | 17.17% | 18.1% | 15.79% | 18.43% | 18.63% |
FCF Growth % | - | -0.71% | 8.73% | -9.79% | 23.66% | 21.16% |
FCF per Share | 3.42 | 3.40 | 3.69 | 3.29 | 4.05 | 4.18 |
FCF Conversion (FCF/Net Income) | 1.04x | 1.03x | 1.15x | 1.05x | 1.15x | 1.08x |
Interest Paid | 0 | 0 | 0 | 137M | 0 | 79M |
Taxes Paid | 0 | 0 | 113M | 293M | 0 | 86M |
VLTO Key Ratios
Veralto Corporation (VLTO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | 26.24% | 36.25% | 48.51% | 36.5% | 33.35% |
Return on Invested Capital (ROIC) | 24.9% | 25.27% | 25.47% | 25.68% | 25.02% |
Gross Margin | 56.86% | 57.78% | 59.79% | 59.95% | 59.86% |
Net Margin | 17.35% | 16.71% | 16.04% | 17.08% | 17.33% |
Debt / Equity | 0.04x | 2.00x | 1.35x | 0.86x | 0.89x |
Interest Coverage | - | 37.53x | 10.61x | 13.22x | 13.96x |
FCF Conversion | 1.03x | 1.15x | 1.05x | 1.15x | 1.08x |
Revenue Growth | 3.62% | 3.1% | 3.43% | 5.97% | 5.95% |
Related:VLTO Dividend History·VLTO Revenue History·VLTO Price History·VLTO P/E History·VLTO Financial Ratios·VLTO Institutional Holders
VLTO SEC Filings & Documents
Veralto Corporation (VLTO) SEC filings — annual & quarterly reports (10-K, 10-Q)
VLTO Frequently Asked Questions
Veralto Corporation (VLTO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Veralto Corporation (VLTO) reported $5.59B in revenue for fiscal year 2025. This represents a 19% increase from $4.70B in 2021.
Veralto Corporation (VLTO) grew revenue by 6.0% over the past year. This is steady growth.
Yes, Veralto Corporation (VLTO) is profitable, generating $969.0M in net income for fiscal year 2025 (17.1% net margin).
Dividend & Returns
Yes, Veralto Corporation (VLTO) pays a dividend with a yield of 0.52%. This makes it attractive for income-focused investors.
Veralto Corporation (VLTO) has a return on equity (ROE) of 36.5%. This is excellent, indicating efficient use of shareholder capital.
Veralto Corporation (VLTO) generated $1.04B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.