Veralto Corp (VLTO)
Veralto Corporation is a global provider specializing in critical solutions across water quality management, brand protection, and packaging aesthetics. Its operations are structured into two primary divisions: Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment delivers advanced instrumentation and treatment technologies designed for the precise measurement, analysis, and purification of water. These solutions cater to a broad spectrum of applications, from residential and commercial settings to municipal systems, industrial processes, research facilities, and natural environments. Esteemed brands like Hach, Trojan Technologies, and ChemTreat fall under this segment, which also supplies essential chemical reagents, support services, and digital tools for comprehensive water management. The PQI segment focuses on enhancing product integrity and brand appeal. It provides critical marking and coding systems for packaged consumer goods and associated consumables. Its offerings extend to comprehensive software for managing digital assets, marketing resources, and product information, alongside inline printing systems for direct application on products and packaging. Furthermore, PQI supplies sophisticated design software and imaging technology for innovative packaging development, as well as color management tools for both printed materials and a wide array of consumer and industrial products. The segment also establishes color standards crucial for the design sector, operating through well-known brands such as Videojet, Linx, Esko, X-Rite, and Pantone. Veralto's diverse clientele includes municipal utility providers, the food and beverage sector, pharmaceutical companies, and various industrial enterprises. Established in 2022, Veralto Corporation, which was previously known as DH EAS Holding Corp. before adopting its current name in February 2023, maintains its corporate headquarters in Waltham, Massachusetts.
Sector: Instruments For Meas & Testing of Electricity & Elec Signals
Industry: Industrial - Pollution & Treatment Controls
Veralto Corporation
No splits on record
Nothing in VLTO's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $5.5B | $5.19B | $5.02B | $4.87B | $4.7B | $4.35B |
| YoY Growth | 6.0% | 3.4% | 3.1% | 3.6% | 8.1% | - |
| Cost of Revenue | $2.2B | $2.09B | $2.12B | $2.11B | $1.99B | $1.84B |
| Gross Profit | $3.3B | $3.1B | $2.9B | $2.77B | $2.71B | $2.51B |
| Gross Margin | 59.9% | 59.8% | 57.8% | 56.9% | 57.7% | 57.7% |
| Research and Development | $266M | $253M | $225M | $217M | $244M | $219M |
| Selling, General, and Administrative | $1.76B | $1.64B | $1.54B | $1.47B | $1.43B | $1.34B |
| Other | $0 | $0 | $0 | -$43M | $0 | $0 |
| Total Operating Expenses | $2.02B | $1.9B | $1.76B | $1.65B | $1.67B | $1.56B |
| Operating Income (EBIT) | $1.28B | $1.21B | $1.14B | $1.11B | $1.04B | $951M |
| Operating Margin | 23.2% | 23.3% | 22.7% | 22.8% | 22.1% | 21.9% |
| Interest Expense | $96M | $113M | $30M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$104M | -$122M | -$44M | $1M | $6M | -$1M |
| Income Before Tax (EBT) | $1.17B | $1.09B | $1.1B | $1.11B | $1.05B | $950M |
| Income Tax Expense | $233M | $253M | $257M | $268M | $186M | $226M |
| Net Income | $940M | $833M | $839M | $845M | $861M | $724M |
| Net Income Margin | 17.1% | 16.0% | 16.7% | 17.4% | 18.3% | 16.7% |
| Supplementary Data | ||||||
| EPS | 3.79 | 3.37 | 3.41 | 3.43 | 3.50 | 2.94 |
| Diluted EPS | 3.76 | 3.34 | 3.41 | 3.43 | 3.50 | 2.94 |
| Weighted Average OS | 248.30M | 247.30M | 246.40M | 246.10M | 246.10M | 246.10M |
| EBITDA | $1.35B | $1.28B | $1.21B | $1.2B | $1.15B | $1.06B |
| EBITDA Margin | 24.5% | 24.6% | 24.2% | 24.7% | 24.4% | 24.4% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $2.03B | $1.1B | $762M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.03B | $1.1B | $762M | $0 | $0 |
| Accounts Receivable | $897M | $812M | $826M | $816M | $757M |
| Inventory | $307M | $288M | $297M | $345M | $322M |
| Other Current Assets | $56M | $186M | $188M | $119M | $126M |
| Total Current Assets | $3.43B | $2.39B | $2.07B | $1.28B | $1.21B |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $294M | $268M | $262M | $247M | $260M |
| Goodwill | $2.84B | $2.69B | $2.53B | $2.48B | $2.5B |
| Intangible Assets | $524M | $535M | $427M | $479M | $533M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $605M | $523M | $398M | $343M | $340M |
| Total Long-Term Assets | $4.26B | $4.02B | $3.62B | $3.54B | $3.63B |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $7.69B | $6.41B | $5.69B | $4.83B | $4.84B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $416M | $395M | $431M | $440M | $464M |
| Short-Term Debt | $700M | $39M | $33M | $32M | $34M |
| Current Income Tax Payable | $0 | $0 | $139M | $66M | $58M |
| Current Unearned Revenue | $0 | $237M | $208M | $192M | $175M |
| Other Current Liabilities | $0 | $330M | $403M | $243M | $216M |
| Total Current Liabilities | $2.06B | $1.25B | $1.26B | $1.12B | $1.12B |
| Long-Term Liabilities | |||||
| Long-Term Debt | $1.97B | $2.6B | $2.63B | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $17M | $15M | $14M | $13M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $558M | $371M | $280M | $357M | $404M |
| Total Long-Term Liabilities | $2.53B | $3.12B | $3.04B | $462M | $518M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.59B | $4.36B | $4.3B | $1.58B | $1.64B |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2M | $2M | $2M | $4.19B | $4.08B |
| Retained Earnings | $1.74B | $917M | $178M | $0 | $0 |
| Comprehensive Income & Other | -$913M | -$1.07B | -$954M | -$954M | -$887M |
| Other Stockholders' Equity | $1.36B | $1.12B | $1.2B | -$954M | -$887M |
| Total Equity | $3.1B | $2.04B | $1.38B | $3.23B | $3.2B |
| Minority Interest | $1M | $7M | $6M | $5M | $4M |
| Total Liabilities and Equity | $7.69B | $6.4B | $5.69B | $4.82B | $4.84B |
| Supplementary Data | |||||
| Total Debt | $2.67B | $2.77B | $2.78B | $123M | $135M |
| Net Debt | $642M | $1.67B | $2.02B | $123M | $135M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $940M | $833M | $839M | $845M | $861M | $724M |
| Depreciation & Amortization | $78M | $78M | $87M | $90M | $106M | $110M |
| Deferred Income Tax | $0 | $0 | $0 | -$44M | -$11M | -$7M |
| Stock-Based Compensation | $74M | $65M | $55M | $41M | $34M | $30M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$50M | $3M | $2M | -$88M | -$14M | -$1M |
| Inventory | -$6M | $3M | $52M | -$38M | -$75M | $12M |
| Accounts Payable | $8M | -$29M | -$1M | $23M | $65M | $4M |
| Other Working Capital | $21M | -$93M | -$86M | -$3M | -$73M | $122M |
| Total Working Capital Change | -$27M | -$116M | -$33M | -$106M | -$97M | $137M |
| Other Non-Cash Items | $12M | $15M | $15M | $44M | $3M | $7M |
| Net Cash from Operating | $1.08B | $875M | $963M | $870M | $896M | $1B |
| Investing Activities | ||||||
| Capital Expenditures | -$63M | -$55M | -$54M | -$34M | -$54M | -$36M |
| Acquisitions | $0 | -$363M | $2M | -$55M | -$34M | -$121M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$35M | -$16M | -$3M | $0 | -$9M | $0 |
| Net Cash from Investing | -$98M | -$434M | -$55M | -$89M | -$97M | -$157M |
| Financing Activities | ||||||
| Debt Repaid | - | - | -$2.61B | - | - | - |
| Common Stock Issuance | $22M | $24M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$147M | -$781M | -$800M | -$844M |
| Dividends Paid | -$109M | -$89M | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$15M | $0 | -$2.6B | $0 | $1M | $0 |
| Net Cash from Financing | -$102M | -$65M | -$135M | -$781M | -$799M | -$844M |
| Forex Effect | $53M | -$37M | -$11M | $0 | $0 | $0 |
| Net Change in Cash | $930M | $339M | $762M | $0 | $0 | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | $1.08B | $875M | $963M | $870M | $896M | $1B |
| Capital Expenditure | -$63M | -$55M | -$54M | -$34M | -$54M | -$36M |
| Free Cash Flow | $1.01B | $820M | $909M | $836M | $842M | $965M |
| Cash at Beginning | $1.1B | $762M | $0 | $0 | $0 | $0 |
| Cash at End | $2.03B | $1.1B | $762M | $0 | $0 | $0 |