Saturday 17 October 2026 Export VLTO’s income statement to Excel — free account

Veralto Corporation

VLTO Industrials Pollution & Treatment Controls

Veralto Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 5.97% from fiscal 2024. In the quarter to June 2026, revenue grew 7.51%, EPS grew 10.1%, free cash flow grew 1.55% and total debt rose 26.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.

101.04 0.08 +0.08%

Follow VLTO

Alert me

Market cap: $24.6B
P/E: 25.3×
Fwd P/E: 21.3×
Dividend yield: 0.51%
F-score: 5/9
Altman Z: 5.04
Beneish M: −2.47
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 3.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	1	—	—	1	—	2	1	—	—

Insider Ownership 0.80%

Capital & Financial Ratios $m

Market Cap 24,610.00

Revenue 5,696.00

Net Income 988.00

Free Cash Flow 1,047.00

Net Debt 1,260.00

Current Ratio 1.78

Debt/Equity 1.09

P/E ratio 25.32

Fwd P/E 21.30

P/S ratio 4.35

P/B ratio 8.00

Past 5Y EPS Growth 5.04%

This Y EPS Growth 12.56%

Next Y EPS Growth 9.23%

Next Y revenue growth 7.40%

Next 5Y EPS Growth 10.56%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 36.61%

10-year low 10-year high

P/S against its own 10 years 40.81%

10-year low 10-year high

P/B against its own 10 years 24.28%

10-year low 10-year high

EV/Sales against its own 10 years 37.27%

10-year low 10-year high

EV/FCF against its own 10 years 35.70%

10-year low 10-year high

Dividends

Payout Ratio 0.13

Annual Dividend Rate 0.52

Annual Dividend Yield 0.51%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.52	0.13 0.13 0.13
2025	0.46	0.11 0.11 0.11 0.13
2024	0.38	0.09 0.09 0.09 0.11
2023	0.09	0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	762	1,101	2,031	2,119
Receivables	826	812	897	921
Inventory	297	288	307	336
Other	—	—	—	—
	2,073	2,387	3,432	3,652

	2023	2024	2025	Q'26
Payables	431	395	416	425
ST’ Debt	—	—	700	700
Other	—	—	—	—
	1,265	1,245	2,056	2,057

Compound Annual Growth %

	10y	5y	3y
Sales	—	4.82%	4.16%
Cash Flow	—	1.47%	7.37%
Earnings	—	5.36%	3.62%
Book Value	—	0.00%	(1.40%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,422	1,474	—	—	—
’25	1,332	1,371	1,404	1,396	5,503
’24	1,246	1,288	1,314	1,345	5,193
’23	1,225	1,253	1,255	1,288	5,021
’22	—	1,231	1,219	—	4,870
’21	—	—	—	—	4,700

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	182	340	—	—	—
’25	157	339	270	311	1,077
’24	115	251	224	285	875
’23	156	301	243	263	963
’22	—	276	257	337	870
’21	—	—	—	896	896

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	170	328	—	—	—
’25	142	323	258	291	1,014
’24	102	240	215	263	820
’23	147	289	234	239	909
’22	—	256	251	329	836
’21	—	—	—	868	868

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.02	0.98	—	—	—
’25	0.90	0.89	0.95	1.01	3.76
’24	0.74	0.81	0.88	0.91	3.34
’23	0.91	0.85	0.83	0.81	3.40
’22	—	0.94	0.89	—	3.43
’21	—	—	—	—	3.50

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	65.51	73.91	83.87	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	83.89	115.00	110.11
People
People	Employees	—	—	—	—	—	—	16,000	16,000	17,000	17,000
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.30	0.31	0.31	0.32
Income, $m
Income, $m	Revenue	—	—	—	—	4,348	4,700	4,870	5,021	5,193	5,503
	Gross margin, %	—	—	—	—	57.73	57.72	56.67	57.78	59.79	59.95
	EBT	—	—	—	—	950	1,047	1,113	1,096	1,086	1,173
	EBT margin, %	—	—	—	—	21.85	22.28	22.85	21.83	20.91	21.32
	Net income	—	—	—	—	724	861	845	839	833	940
	Depreciation	—	—	—	—	110	106	90	87	78	78
Per share, $
Per share, $	Revenue	—	—	—	—	17.67	19.08	19.77	20.38	21.00	22.16
	Earnings	—	—	—	—	2.94	3.50	3.43	3.41	3.37	3.79
	Cash flow	—	—	—	—	4.07	3.64	3.53	3.91	3.54	4.34
	Capex	—	—	—	—	(0.15)	(0.11)	(0.14)	(0.22)	(0.22)	(0.25)
	Free cash flow	—	—	—	—	3.92	3.52	3.39	3.69	3.32	4.08
	Book value	—	—	—	—	0.00	13.00	13.15	5.64	8.27	12.51
	Shares, m	—	—	—	—	246	246	246	246	247	248
Valuation, ×
Valuation, ×	P/E	—	—	—	—	22.37	22.37	22.37	23.81	30.13	26.40
	P/S	—	—	—	—	3.87	3.87	3.87	3.98	4.85	4.50
	P/B	—	—	—	—	18.37	18.37	18.37	14.37	12.32	7.98
	EV/Sales	—	—	—	—	4.31	4.31	4.31	4.35	5.14	4.62
	EV/FCF	—	—	—	—	21.36	21.36	21.36	24.02	32.54	25.07
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	1,001	896	870	963	875	1,077
	Capex	—	—	—	—	(36)	(28)	(34)	(54)	(55)	(63)
	Free cash flow	—	—	—	—	965	868	836	909	820	1,014
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	84	157	808	1,142	1,376
	Total debt	—	—	—	—	—	135	123	2,629	2,599	2,673
	Net debt	—	—	—	—	—	135	123	1,867	1,498	642
	Shareholders’ equity	—	—	—	—	—	3,201	3,240	1,389	2,045	3,106
Returns, %
Returns, %	ROA	—	—	—	—	0.00	35.58	17.49	15.95	13.77	13.33
	ROIC	—	—	—	—	0.00	19.50	20.67	21.88	21.31	21.29
	ROE	—	—	—	—	0.00	0.00	26.24	36.25	48.51	36.50

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VLTO Veralto Corporation	$24.6B	25.3×	21.3×	+7.51% (above 0%: growing)	+10.11% (above 0%: growing)	+1.55% (above 0%: growing)	61.19%	21.37%
ZWS Zurn Elkay Water Solutions Cor	$7.8B	28.7×	32.3×	+10.46% (above 0%: growing)	+126.67% (above 0%: growing)	+56.89% (above 0%: growing)	58.72%	31.02%	Compare
CECO CECO Environmental Corp.	$3.6B	— (loss-making)	68.7×	+53.71% (above 0%: growing)	n/m	−177.98% (below 0%: shrinking)	30.34%	(11.64%)	Compare
PCT PureCycle Technologies, Inc.	$641.9M	— (loss-making)	— (loss-making)	+173.45% (above 0%: growing)	n/m	−80.41% (below 0%: shrinking)	(671.72%)	(916.09%)	Compare
ADUR Aduro Clean Technologies Inc.	$357.0M	— (loss-making)	—	−97.97% (below 0%: shrinking)	n/m	+31.19% (above 0%: growing)	100.00%	(309,633.33%)	Compare
ERII Energy Recovery, Inc.	$338.9M	22.9×	— (loss-making)	−57.24% (below 0%: shrinking)	n/m	+284.72% (above 0%: growing)	74.67%	(49.05%)	Compare
ARQ Arq, Inc.	$81.0M	— (loss-making)	78.0×	+4.54% (above 0%: growing)	n/m	+46.21% (above 0%: growing)	38.52%	(0.23%)	Compare
ZONE Zone Frontier Inc.	$60.6M	— (loss-making)	—	−0.40% (below 0%: shrinking)	n/m	−2,753.59% (below 0%: shrinking)	49.85%	(1,129.57%)	Compare
FTEK Fuel Tech, Inc.	$44.3M	— (loss-making)	— (loss-making)	+16.68% (above 0%: growing)	n/m	−1,603.51% (below 0%: shrinking)	41.25%	(24.13%)	Compare
Median of peers	$348.0M	—	68.7×	+7.50%	—	−24.61%	45.55%	(36.59%)

All 18 Pollution & Treatment Controls stocks →

Veralto Corporation (VLTO) key facts

Strength: Veralto Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 5.97% from fiscal 2024.
Strength: Net income was $940.0 million, or $3.79 per share (basic), a net margin of 17.1%.
Veralto Corporation (VLTO) is a Pollution & Treatment Controls company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, VLTO traded at $101.04, a market capitalization of $24.6 billion.
At that price the stock trades at 25.3× trailing-twelve-month earnings and 4.3× sales; its P/E is higher than 37% of its own readings over the past ten years.
Veralto Corporation pays an annual dividend of $0.52 per share, a yield of 0.51%, with a payout ratio of 13.1%.
Return on equity was 36.5% and debt-to-equity 1.09.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.04 (safe zone) for fiscal 2025.