Veralto Corporation(VLTO)Earnings, Financials & Key Ratios

VLTO•NYSE

$86.88

$21.65B mkt cap·23.1× P/E·Price updated May 6, 2026

SectorIndustrials IndustryEnvironmental Services Sub-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%
ROIC25.68%+0.8%
Debt/Equity0.86-36.4%
Interest Coverage13.22+24.6%

Analysis→Technical→

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.

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

Full history →

●Beat EPS 11/12 qtrs (100%)●Beat Revenue 9/12 qtrs (82%)

Q2 2026Latest

Apr 28, 2026

EPS

$1.07

Est $1.02

+4.9%

Revenue

$1.4B

Est $1.4B

+1.6%

Q1 2026

Feb 3, 2026

EPS

$1.04

Est $0.98

+6.3%

Revenue

$1.4B

Est $1.4B

-0.7%

Q4 2025

Oct 28, 2025

EPS

$0.99

Est $0.95

+4.7%

Revenue

$1.4B

Est $1.4B

+0.4%

Q3 2025

Jul 28, 2025

EPS

$0.93

Est $0.88

+5.4%

Revenue

$1.4B

Est $1.3B

+2.0%

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 →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
DHRDanaher CorporationDirect Competitor	123.8B	174.92	34.71	2.9%	14.89%	7.06%	0.35
FTVFortive CorporationDirect Competitor	18.59B	60.40	34.71	-17.48%	11.48%	7.38%	0.50
ROPRoper Technologies, Inc.Direct Competitor	36.05B	350.26	24.67	12.26%	21.12%	8.75%	0.47
AMEAMETEK, Inc.Direct Competitor	55.29B	241.38	37.72	6.63%	20.11%	14.39%	0.21
WATWaters CorporationDirect Competitor	22.78B	349.53	32.48	6.99%	11.91%	8.04%	0.55
IEXIDEX CorporationDirect Competitor	16.22B	218.19	34.04	5.77%	14.38%	12.62%	0.45
XYLXylem Inc.Product Competitor	28.19B	118.59	30.25	5.52%	10.7%	8.51%	0.17
PNRPentair plcProduct Competitor	12.92B	79.97	20.19	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.

Closest Rival

vs DHR

Most directly comparable listed peer for VLTO.

Scale Benchmark

vs SHW

Larger-name benchmark to compare VLTO against a more recognizable public peer.

Peer Set

Compare Top 5

vs DHR, FTV, ROP, AME

VLTO Income Statement

Veralto Corporation (VLTO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	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

Line item	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	2.38B
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	1.67x
Quick Ratio	0.79x	0.83x	1.40x	1.69x	1.52x	1.52x
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	2.4B
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	0.86x
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	0.47x
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

Line item	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	896M	870M	963M	875M	1.08B	1.08B
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%	-
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	4.05
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%	25.68%
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	0.86x
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%

VLTO SEC Filings & Documents

Veralto Corporation (VLTO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Feb 3, 2026·SEC

Material company update

Nov 25, 2025·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 28, 2025·SEC

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 0.50%. 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.

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Veralto Corporation (VLTO) financial analysis — history, returns, DCA and operating performance tools

Full VLTO Stock Analysis

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Dividend History

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Veralto Corporation(VLTO)Earnings, Financials & Key Ratios

VLTO Key Insights

✓Strengths

✗Weaknesses

VLTO Price & Volume

VLTO Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

VLTO Recent Earnings

VLTO Peer Comparison

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VLTO Income Statement

VLTO Balance Sheet

VLTO Cash Flow Statement

VLTO Key Ratios

VLTO SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

VLTO Frequently Asked Questions

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