Income StatementBalance SheetCash FlowSegments
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Veralto Business Segments

Business, geographic, and product segment breakdowns

Veralto generates $5.6B in annual revenue across 2 key segments: Nonrecurring ($2.2B), and Recurring ($3.4B). The company-wide operating margin is 23.12%. Based on the Q1 2026 filing.

Nonrecurring (TTM)$2.2BRecurring (TTM)$3.4B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$21.3B
P/E Ratio21.98
ROE36.52%

Products & Services

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Recurring$792.0M$816.0M$841.0M$876.0M$826.0M$887.0M
Nonrecurring$553.0M$516.0M$530.0M$528.0M$570.0M$535.0M

Geographic

Property, plant and equipment, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other Countries$28.0M———$40.0M—

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$637.0M$655.0M$655.0M$687.0M$642.0M$693.0M
High-growth markets$379.0M$346.0M$377.0M$379.0M$403.0M$360.0M
Western Europe$299.0M$302.0M$310.0M$309.0M$320.0M$339.0M
Other developed markets$30.0M$29.0M$29.0M$29.0M$31.0M$30.0M

Earnings before income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-U.S.$132.8M$119.0M$119.0M$119.0M$119.0M—

Business Segments

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation—$7.0M$8.0M$6.0M—$6.0M
Water Quality$15.0M$8.0M$8.0M$6.0M$14.0M$6.0M

Capital expenditures, gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation$8.0M$7.0M$8.0M$6.0M$6.0M$6.0M

Depreciation and amortization of intangible assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$9.0M$8.0M$10.0M$10.0M$8.0M$14.0M
Product Quality & Innovation$10.0M$11.0M$9.0M$10.0M$11.0M$10.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$1.3B$1.3B$1.3B$1.3B$1.3B$1.6B
Product Quality & Innovation$1.4B$1.5B$1.5B$1.5B$1.5B$1.5B

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation$60.8M$0.0$0.0$0.0$0.0—
Water Quality$0.0$5.8M$5.8M$5.8M$5.8M—

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation-$8.5M$15.3M$15.3M$15.3M$15.3M—
Water Quality-$12.3M$15.8M$15.8M$15.8M$15.8M—

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation—$500.0K$500.0K$500.0K$500.0K—
Water Quality—$0.0$0.0$0.0$0.0—

Identifiable assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation$2.7B———$2.8B—

Identifiable segment assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$2.5B$2.5B$2.7B$2.9B$2.7B$3.2B
Product Quality & Innovation$2.7B$2.7B$2.8B$2.9B$2.8B$2.9B

Net loss on product line dispositions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation—$1.5M$1.5M$1.5M$1.5M—

Number of product lines

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation—0.250.250.250.25—

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$204.0M$198.0M$211.0M$222.0M$213.0M$210.0M
Product Quality & Innovation—$146.0M$134.0M$133.0M—$144.0M

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$811.0M$794.0M$825.0M$856.0M$846.0M$874.0M
Product Quality & Innovation$534.0M$538.0M$546.0M$548.0M$550.0M$548.0M

Segment operating profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Quality & Innovation$124.0M$146.0M$134.0M$133.0M$136.0M$144.0M

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Water Quality$607.0M$596.0M$614.0M$634.0M$633.0M$664.0M
Product Quality & Innovation$410.0M$392.0M$412.0M$415.0M$414.0M$404.0M