VLTO

Veralto
D

VLTO

Arincen80/100B

If you had invested in Veralto ago, it would be worth $1,643 today, against $1,777 in SPY and $1,833 in QQQ.

ArincenArincen ScoreBeta

80/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Veralto key facts

Style
Blend stock · 4.2/10Growth 4.2 · Value 4.0 · Dividend 1.0
Day range
117.190 – 118.460
52-week range
80.030 – 119.030
Market capitalization
28.74B USD
P/E
29.05
PEG ratio
2.28
EPS
4.07
Div Yield
0.44%
EPS growth forecast (FY2026)
+14.3%
Volume
43,569
Beta
0.78
ESG score
72.1/100Environment 71 · Social 72 · Governance 74
Sector
Industrials
Industry
Industrial - Pollution & Treatment Controls
CEO
Jennifer L. Honeycutt
Employees
17K
IPO date
4 Oct 2023

Veralto earnings

Next earnings · Q4 FY2026
EPS estimate
1.14 USD
Revenue estimate
1.53B USD
Last quarter · Q3 FY2026
EPS1.18Beat +8.3%Revenue1.51BBeat +0.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20271.18——+10.25%1.53B——+7.68%
Q4 FY20261.14——+9.62%1.53B——+9.72%
Q3 FY20261.091.18+8.26%+19.19%1.50B1.51B+0.71%+7.48%
Q2 FY20261.011.11+9.90%+19.35%1.45B1.47B+1.31%+7.51%
Q1 FY20261.001.07+7.00%+12.63%1.40B1.42B+1.61%+6.76%
Q4 FY20250.981.04+6.34%+9.47%1.41B1.40B-0.69%+3.79%
Q3 FY20250.950.99+4.65%+11.24%1.40B1.40B+0.41%+6.85%
Q2 FY20250.880.93+5.44%+9.41%1.34B1.37B+2.04%+6.44%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Veralto analyst forecast

12-month price target
117.00 USD
-1.03%

Analysts' 1-year price targets range from 106.00 to 135.00, with an average of 117.00.

Past year
1-year forecast
Strong sellStrong buy
Hold
8 ratings
Buy
4
Hold
4
Sell
0

12-month price target

Highest target135.00
Average target117.00
Lowest target106.00
Current price118.22

Veralto valuation

Price to earnings ratio (TTM)
29.05
Forward P/E (FY2026)
26.46
Price to sales (TTM)
4.96
Price to book
8.90
EV / EBITDA (TTM)
21.78

Capital structure

Market capitalization
28.74B USD
+
Total debt
2.92B USD
−
Cash and short-term investments
1.79B USD
=
Enterprise value
29.88B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)21.93————
FY2027 (est.)24.2221.93———
FY2026 (est.)26.4624.22———
Now (TTM)29.0524.484.968.9021.78
FY202526.3322.334.507.9818.87
FY202430.2226.504.8512.3621.03
FY202324.1223.664.0414.6618.37
FY202223.50—4.076.1316.59
FY202123.03—4.226.2017.44

Veralto against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Rocket Lab USA, Dover, Copart, Otis Worldwide, EMCOR Group, and Axon Enterprise, the US Industrials companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median29.0
    19.535.4
  • Gross marginHighest in 5 years59.9%
    56.9%59.9%
    Against its peers: 1 of 7Peers' median 37.1%
  • Operating marginAbove its median23.2%
    22.1%23.3%
    Against its peers: 2 of 7Peers' median 12.4%
  • Net marginAt its median17.1%
    16.0%18.3%
    Against its peers: 2 of 7Peers' median 8.5%
  • Return on equityAt its median30.3%
    26.1%60.7%
    Against its peers: 2 of 6Peers' median 14.8%
  • Free cash flow marginHighest in 5 years18.4%
    15.8%18.4%
    Against its peers: 2 of 7Peers' median 8.5%
  • Revenue growthAbove its median6.0%
    3.1%8.1%
    Against its peers: 4 of 7Peers' median 10.5%
  • EPS growthAbove its median12.6%
    -2.1%19.0%
    Against its peers: 2 of 6Peers' median -14.0%
  • Debt to EBITDAAt its median1.98×
    0.10×2.29×
    Against its peers: 3 of 6Peers' median 2.03×
  • Current ratioAbove its median1.67
    1.071.92
    Against its peers: 5 of 7Peers' median 2.16

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Veralto growth and profitability

Revenue (TTM)
5.80B USD
Net income (TTM)
1.00B USD
Gross margin
60.20%
Operating margin
21.84%
Net margin
17.27%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20255.50B+5.97%940.00M+12.85%59.95%23.21%17.08%1.35B+5.48%
FY20245.19B+3.43%833.00M-0.72%59.79%23.26%16.04%1.28B+5.28%
FY20235.02B+3.10%839.00M-0.71%57.78%22.70%16.71%1.21B+0.83%
FY20224.87B+3.62%845.00M-1.86%56.86%22.83%17.35%1.20B+5.07%
FY20214.70B+8.10%861.00M+18.92%57.72%22.15%18.32%1.15B+7.92%

Veralto revenue breakdown

By product

FY2025
Revenue from Contract with Customer, Measurement, Recurring: 61.0%Revenue from Contract with Customer, Measurement, Nonrecurring: 39.0%61.0%Revenue from Contract with Customer, Measurement, Recurring39.0%Revenue from Contract with Customer, Measurement, Nonrecurring
SegmentRevenueShare of revenueChange on the year
Revenue from Contract with Customer, Measurement, Recurring3.36B61.0%+6.7%
Revenue from Contract with Customer, Measurement, Nonrecurring2.14B39.0%+4.9%

By region

FY2025
All Other Countries: 44.4%United States: 44.3%China: 6.1%Germany: 5.1%44.4%All Other Countries44.3%United States6.1%China5.1%Germany
RegionRevenueShare of revenueChange on the year
All Other Countries2.45B44.4%+7.2%
United States2.44B44.3%+5.5%
China336.00M6.1%+0.6%
Germany281.00M5.1%+5.6%

How Veralto makes its money

Revenue from Contract with Customer, Measurement, Recurring3.36B 61.0%
Revenue from Contract with Customer, Measurement, Nonrecurring2.14B 39.0%
Revenue5.50B 100.0%
Cost of revenue2.20B 40.1%
Gross profit3.30B 59.9%
Research and development266.00M 4.8%
Selling and administration1.76B 31.9%
Operating income1.28B 23.2%
Tax233.00M 4.2%
Other expense104.00M 1.9%
Net income940.00M 17.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Veralto dividends

Annual dividend
0.52 USD
Dividend yield (indicated)
0.44%
Payout ratio
12.78%
Years of dividend growth
3
Frequency
Quarterly
Last payment
0.13 USD
Last ex-dividend date
30 Sept 2026
Last payment date
30 Oct 2026

Dividends per share

Year20252024
Dividends per share0.440.36

Veralto financial health

Cash and short-term investments
1.79B USD
Total debt
2.92B USD
Net cash
-1.14B USD
Free cash flow (TTM)
1.09B USD
Current ratio
2.03
Debt to equity
0.90
Piotroski score
7 / 9
Altman Z-score
5.33

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.03B2.67B1.01B
FY20241.10B2.77B820.00M
FY2023762.00M2.78B909.00M
FY20220.00123.00M836.00M
FY20210.00135.00M842.00M

Veralto ownership

Institutions
97.01%
Institutional holders
1,003 (-48)
Free float
99.78%

Who owns the shares

Institutions 97.0% Others 3.0%
As of 30 Jun 2026

Shares free to trade

Free float 242.60M shares ·99.8% Closely held 543.67K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202601254.11K102.33K
Q3 20260368.51K32.68K
Q2 2026010.00723.00
Q1 202601285.01K39.57K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025248.30M250.30M+0.28%
FY2024247.30M249.60M+1.30%
FY2023246.40M246.40M+0.12%
FY2022246.10M246.10M0.00%
FY2021246.10M246.10M0.00%

Source: Financial Modeling PrepVerified against SEC filings

Title: Veralto Corp

Sector: Industrials
Industry: Industrial - Pollution & Treatment Controls
Veralto is a diversified industrial firm organized into two segments. The water quality segment offers water analytics and water treatment solutions, while the product quality and innovation segment offers coding, packaging, and color solutions for consumer packaged goods and pharmaceuticals. Headquartered in Waltham, Massachusetts, the company has around 17,000 employees. Veralto generated approximately $5.5 billion in revenue in 2025.

Common questions about Veralto stock