VLTO · Veralto Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | - | $1.40B | $1.37B | $1.33B | - | $1.31B | $1.29B | $1.23B | - |
| Cost of Revenue | $568.00M | - | $560.00M | $549.00M | $527.00M | - | $531.00M | $529.00M | $517.00M | - |
| Gross Profit | $854.00M | - | $844.00M | $822.00M | $805.00M | - | $783.00M | $774.00M | $708.00M | - |
| R&D | $68.00M | - | $67.00M | $67.00M | $64.00M | - | $63.00M | $57.00M | $56.00M | - |
| SG&A | $448.00M | - | $451.00M | $442.00M | $419.00M | - | $412.00M | $414.00M | $360.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $24.00M | - | $17.00M | $19.00M | $19.00M | - | - | - | $10.00M | - |
| Operating Income | $338.00M | - | $326.00M | $313.00M | $322.00M | - | $308.00M | $289.00M | $292.00M | - |
| Interest Expense | $24.00M | - | $21.00M | $30.00M | $27.00M | - | $27.00M | $0 | $0 | - |
| Income Tax | $67.00M | - | $67.00M | $63.00M | $64.00M | - | $67.00M | $67.00M | $67.00M | - |
| Net Income | $254.00M | - | $239.00M | $222.00M | $225.00M | - | $219.00M | $209.00M | $225.00M | - |
| EPS - Basic | $1.03 | - | $0.96 | $0.89 | $0.91 | - | $0.89 | $0.82 | $0.91 | - |
| EPS - Diluted | $1.02 | - | $0.95 | $0.89 | $0.90 | - | $0.88 | $0.85 | $0.91 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.43B | $2.03B | $1.77B | $1.56B | $1.24B | $1.10B | $1.27B | $1.04B | $827.00M | $762.00M |
| Accounts Receivable | $922.00M | $897.00M | $875.00M | $878.00M | $832.00M | $812.00M | $839.00M | $803.00M | $815.00M | $826.00M |
| Inventory | $332.00M | $307.00M | $340.00M | $329.00M | $310.00M | $288.00M | $326.00M | $312.00M | $308.00M | $297.00M |
| Accounts Payable | $426.00M | $416.00M | $400.00M | $411.00M | $407.00M | $395.00M | $424.00M | $397.00M | $402.00M | $431.00M |
| Current Assets | $2.94B | $3.43B | $3.19B | $2.95B | $2.56B | $2.39B | $2.62B | $2.33B | $2.12B | $2.07B |
| Total Assets | $7.65B | $7.69B | $7.43B | $7.17B | $6.64B | $6.41B | $6.26B | $5.90B | $5.71B | $5.69B |
| Current Liabilities | $1.98B | $2.06B | $2.04B | $1.27B | $1.17B | $1.25B | $1.23B | $1.19B | $1.16B | $1.26B |
| Long-term Debt | $1.96B | $1.97B | $1.97B | $2.67B | $2.63B | $2.60B | $2.64B | $2.62B | $2.62B | $2.63B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.00B | $3.10B | $2.85B | $2.65B | $2.30B | $2.04B | $1.95B | $1.67B | $1.48B | $1.38B |
| Retained Earnings | $1.97B | $1.74B | $1.52B | $1.31B | $1.11B | $917.00M | $717.00M | $521.00M | $340.00M | $178.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $182.00M | - | - | - | $157.00M | - | - | - | $156.00M | - |
| Investing Cash Flow | ($439.00M) | - | - | - | ($11.00M) | - | - | - | ($9.00M) | - |
| Financing Cash Flow | ($332.00M) | - | - | - | ($26.00M) | - | - | - | ($147.00M) | - |
| CapEx | $12.00M | - | - | - | $15.00M | - | - | - | $9.00M | - |
| Free Cash Flow | $170.00M | - | - | - | $142.00M | - | - | - | $147.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.1% | - | 60.1% | 60.0% | 60.4% | - | 59.6% | 60.1% | 57.8% | - |
| Operating margin | 23.8% | - | 23.2% | 22.8% | 24.2% | - | 23.4% | 22.4% | 23.8% | - |
| EBITDA margin | 25.5% | - | 24.4% | 24.2% | 25.6% | - | - | - | 24.7% | - |
| Net margin | 17.9% | - | 17.0% | 16.2% | 16.9% | - | 16.7% | 16.2% | 18.4% | - |
| Free cash flow margin | 12.0% | - | - | - | 10.7% | - | - | - | 12.0% | - |
| FCF / Net income | 0.67 | - | - | - | 0.63 | - | - | - | 0.65 | - |
| R&D / Revenue | 4.8% | - | 4.8% | 4.9% | 4.8% | - | 4.8% | 4.4% | 4.6% | - |
| SG&A / Revenue | 31.5% | - | 32.1% | 32.2% | 31.5% | - | 31.4% | 32.1% | 29.4% | - |
| Effective tax rate | 20.9% | - | 21.9% | 22.1% | 22.1% | - | 23.4% | 24.3% | 22.9% | - |
| Return on assets | 3.3% | - | 3.2% | 3.1% | 3.4% | - | 3.5% | 3.5% | 3.9% | - |
| Return on equity | 8.5% | - | 8.4% | 8.4% | 9.8% | - | 11.2% | 12.5% | 15.2% | - |
| Return on invested capital | 5.4% | - | 5.3% | 4.6% | 5.1% | - | 5.1% | 5.1% | 5.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.48 | 1.67 | 1.57 | 2.32 | 2.19 | 1.92 | 2.13 | 1.96 | 1.83 | 1.64 |
| Quick ratio | 1.32 | 1.52 | 1.40 | 2.06 | 1.92 | 1.69 | 1.87 | 1.70 | 1.56 | 1.40 |
| Cash ratio | 0.72 | 0.99 | 0.87 | 1.22 | 1.06 | 0.88 | 1.03 | 0.88 | 0.72 | 0.60 |
| Leverage | ||||||||||
| Debt / Equity | 0.65 | 0.64 | 0.69 | 1.01 | 1.14 | 1.28 | 1.35 | 1.57 | 1.77 | 1.90 |
| Debt / Assets | 0.26 | 0.26 | 0.27 | 0.37 | 0.40 | 0.41 | 0.42 | 0.44 | 0.46 | 0.46 |
| Debt / EBITDA | 5.42 | - | 5.75 | 8.05 | 7.71 | - | - | - | 8.67 | - |
| Interest coverage | 14.1x | - | 15.5x | 10.4x | 11.9x | - | 11.4x | - | - | - |
| Equity multiplier | 2.55 | 2.48 | 2.61 | 2.70 | 2.89 | 3.14 | 3.21 | 3.54 | 3.85 | 4.12 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.19 | 0.19 | 0.20 | - | 0.21 | 0.22 | 0.21 | - |
| Inventory turnover | 1.71 | - | 1.65 | 1.67 | 1.70 | - | 1.63 | 1.70 | 1.68 | - |
| Days sales outstanding | 237d | - | 227d | 234d | 228d | - | 233d | 228d | 243d | - |
| Days inventory outstanding | 213d | - | 222d | 219d | 215d | - | 224d | 215d | 217d | - |
| Days payable outstanding | 274d | - | 261d | 273d | 282d | - | 291d | 274d | 284d | - |
| Cash conversion cycle | 176d | - | 188d | 179d | 161d | - | 166d | 169d | 176d | - |
| Valuation | ||||||||||
| P / E | 86.3x | - | 112.8x | 116.6x | 98.7x | - | 125.3x | 112.3x | 97.4x | - |
| P / B | 7.3x | - | 9.4x | 9.8x | 9.6x | - | 14.1x | 14.1x | 14.7x | - |
| P / S | 15.4x | - | 19.1x | 18.9x | 16.7x | - | 21.0x | 18.3x | 17.8x | - |
| EV / EBITDA | 62.1x | - | 78.9x | 81.4x | 69.2x | - | - | - | 78.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.8% | - | 6.8% | 6.4% | 8.7% | - | 4.7% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 6.1% | - | 7.8% | 6.2% | 13.7% | - | 8.3% | - | - | - |
| Operating income growth (YoY) | 5.0% | - | 5.8% | 8.3% | 10.3% | - | 8.1% | - | - | - |
| Net income growth (YoY) | 12.9% | - | 9.1% | 6.2% | 0.0% | - | 6.8% | - | - | - |
| EPS growth (YoY) | 13.3% | - | 8.0% | 4.7% | -1.1% | - | -1.1% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 19.7% | - | - | - | -3.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 30.5% | 52.4% | 45.7% | 59.2% | 55.3% | 47.4% | 88.2% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.50B totalWater Quality Segment$3.32B · 60.3%
Product And Quality Innovation Segment$2.18B · 39.7%
Product / service
$3.32B totalRevenuefrom Contractwith Customer Measurement Recurring$1.97B · 59.2%
Revenuefrom Contractwith Customer Measurement Nonrecurring$1.35B · 40.8%
Geographic
$8.82B totalAll Other Countries$2.45B · 27.7%
US$2.44B · 27.7%
North America$1.90B · 21.5%
High Growth Markets$763.00M · 8.6%
Western Europe$598.00M · 6.8%
CN$336.00M · 3.8%
DE$281.00M · 3.2%
Other Developed Markets$65.00M · 0.7%
Peer comparison
Same SIC group: Instruments For Meas & Testing of Electricity & Elec Signals
Comparing Veralto Corp against the 5 most active filers in the same SIC group.
Dividends
$0.48/share trailing 12 months · +20.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.1300 |
| Dec 31, 2025 | $0.1300 |
| Sep 30, 2025 | $0.1100 |
| Jun 30, 2025 | $0.1100 |
| Mar 31, 2025 | $0.1100 |
| Dec 31, 2024 | $0.1100 |
| Sep 27, 2024 | $0.0900 |
| Jun 28, 2024 | $0.0900 |
| Mar 27, 2024 | $0.0900 |
| Dec 28, 2023 | $0.0900 |