Veralto Corp (VLTO)

Veralto 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 software 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.

Symbol
VLTO
Exchange
NYSE
Sector
Industrials
Industry
Pollution & Treatment Controls
Market cap
$23.25B
52 week range
80.03 - 107.9

Valuation

Share price
$94.68 (close of 2026-10-02)
P/E (TTM)
24.21x
Price to book
7.74x
Price to free cash flow
22.32x
Enterprise value
$24.48B
Book value per share
$12.24

Price performance

PeriodChange
1 day+0.08%
5 days-2.53%
1 month-2.60%
3 months+2.30%
6 months+7.58%
Year to date-5.11%
1 year-11.07%
All time+21.70%

Members of Congress who disclosed VLTO trades

Gilbert Ray Cisneros · Kevin Hern

Super investors holding VLTO

Ken Griffin (Citadel) · Bill Gates (Gates Foundation Trust) · Wallace Weitz (Weitz Investment Management) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
30.26%
Return on invested capital
26.40%
Return on assets
12.22%
Return on capital employed
22.65%
Gross margin
59.95%
Net margin
17.08%
EBITDA margin
24.62%
Revenue growth
5.97%
Net income growth
12.85%
Free cash flow growth
23.66%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.48%
Current ratio
1.48x
Net debt to EBITDA
0.89x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$5.50B
Cost of revenue
$2.20B
Gross profit
$3.30B
EBITDA
$1.35B
Net income
$940.00M
Earnings per share
$3.79
Research and development
$266.00M
Shares outstanding
248.30M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$5.50B$3.30B$940.00M$3.79
2024-12-31$5.19B$3.10B$833.00M$3.37
2023-12-31$5.02B$2.90B$839.00M$3.41
2022-12-31$4.87B$2.76B$845.00M$3.43
2021-12-31$4.70B$2.71B$861.00M$3.50

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3159.95%17.08%30.26%26.40%
2024-12-3159.79%16.04%40.73%25.73%
2023-12-3157.78%16.71%60.40%25.94%
2022-12-3156.67%17.35%26.08%25.10%
2021-12-3157.72%18.32%0.00%-

Cash and debt by year

Period endCashDebt
2025-12-31$2.03B$1.97B
2024-12-31$1.10B$2.60B
2023-12-31$762.00M$2.63B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.01B$74.00M
2024-12-31$820.00M$65.00M
2023-12-31$909.00M$55.00M
2022-12-31$836.00M$41.00M
2021-12-31$842.00M$34.00M

Dividend history

Most recent payment
2026-09-30
Paid in the last twelve months
$0.52
Payment dateDividend per share
2026-09-30$0.13
2026-06-30$0.13
2026-03-31$0.13
2025-12-31$0.13
2025-09-30$0.11
2025-06-30$0.11
2025-03-31$0.11
2024-12-31$0.11

Investor relations

Next earnings report

Next confirmed report
2026-10-27
Consensus EPS estimate
$1.10

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$1.00
2026-04-28Mar/2026$1.02
2026-02-03Dec/2025$0.98
2025-10-28Sep/2025$0.95
2025-07-28Jun/2025$0.89
2025-04-29Mar/2025$0.87
2025-02-04Dec/2024$0.88
2024-10-23Sep/2024$0.86

Filings and sources

Company website
veralto.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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