Veralto Corp VLTO

Technology SIC 3825 - Instruments For Meas & Testing of Electricity & Elec Signals NYSE

Veralto Corporation's unifying purpose is Safeguarding the World's Most Vital ResourcesTM. Our diverse group of leading operating companies provide essential technology solutions that monitor, enhance and protect key resources around the globe. We are committed to the advancement of public health and safety and believe we are positioned to support our customers as they address large global challenges including environmental resource sustainability, water scarcity, management of severe weather events, food and pharmaceutical security, and the impact of an aging workforce. For decades, we have used our scientific expertise and innovative technologies to address complex challenges our customers face across regulated industries – including municipal utilities, food and beverage, pharmaceutical and industrials – where the consequence of failure is high. Through our core offerings in water analytics, water treatment, marking and coding, and packaging and color, customers look to our solutions to help ensure the safety, quality, efficiency and reliability of their products, processes and people globally. Veralto is headquartered in Waltham, Massachusetts with a workforce of nearly 17,000 employees (whom we refer to as "associates") as of December 31, 2025, of whom approximately 6,500 were employed in North America, 5,000 were employed in Western Europe, 500 were employed in other developed markets and 5,000 were employed in high-growth markets. Veralto defines high-growth markets as developing markets of the world which include Asia (with the exception of Japan, Australia and New Zealand), Latin America (including Mexico), the Middle East, Eastern Europe and Africa. Veralto defines developed markets as all markets of the world that are not high-growth markets.

Last close 96.31 2026-09-04
Market cap $23.65B 2026-04-03 share count
52-week range 80.03 - 109.86

Valuation FY2025 figures against the last close

P/S4.3x
P/E25.6x
P/FCF23.3x
EV/EBITDA17.9x
Dividend yield0.5%
Diluted EPS3.76

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $5.50B$5.19B$5.02B$4.87B$4.70B
Cost of revenue $2.20B$2.09B$2.12B$2.11B$1.99B
Gross profit $3.30B$3.10B$2.90B$2.76B$2.71B
R&D $266.0M$253.0M$225.0M$217.0M$244.0M
SG&A $1.76B$1.64B$1.54B$1.43B$1.43B
Operating income $1.28B$1.21B$1.14B$1.11B$1.04B
Interest expense $96.0M$113.0M$30.0M$0$0
Pre-tax income $1.17B$1.09B$1.10B$1.11B$1.05B
Income tax $233.0M$253.0M$257.0M$268.0M$186.0M
Net income $940.0M$833.0M$839.0M$845.0M$861.0M
EPS, basic 3.793.373.413.433.50
EPS, diluted 3.763.343.403.433.50
Shares, diluted (wtd. avg.) $250.3M$249.6M$246.8M$246.3M$246.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $2.03B$1.10B$762.0M$0$0$0
Receivables $897.0M$812.0M$826.0M$816.0M
Inventory $307.0M$288.0M$297.0M$345.0M
Total current assets $3.43B$2.39B$2.07B$1.28B
Property, plant and equipment $294.0M$268.0M$262.0M$247.0M$260.0M
Goodwill $2.84B$2.69B$2.53B$2.48B$2.50B
Other intangibles $524.0M$535.0M$427.0M$479.0M
Total assets $7.69B$6.41B$5.69B$4.83B$4.84B
Short-term debt $700.0M$0
Total current liabilities $2.06B$1.25B$1.26B$1.12B
Long-term debt $1.97B$2.60B$2.63B$0
Retained earnings $1.74B$917.0M$178.0M$0
Total equity $3.10B$2.04B$1.38B$3.23B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow $1.08B$875.0M$963.0M$870.0M$896.0M
Depreciation and amortisation $78.0M$78.0M$87.0M$90.0M$106.0M
Stock-based compensation $74.0M$65.0M$55.0M$41.0M$34.0M
Capital expenditure $63.0M$55.0M$54.0M$34.0M$54.0M
Investing cash flow -$98.0M-$434.0M-$55.0M-$89.0M-$97.0M
Financing cash flow -$102.0M-$65.0M-$135.0M-$781.0M-$799.0M
Dividends paid $109.0M$89.0M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001967680-26-000011.

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