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Veralto

VLTO

Veralto Corporation is a global industrial technology leader focused on safeguarding essential resources through advanced monitoring, treatment, and protection solutions.

Market cap
$22.53B-12.4%
Revenue$5.6B+5.9%
Net income$969.0M+10.9%
Free cash flow$1.0B+21.2%
EPS (diluted)$3.88+10.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$1.5B
EPS estimate$1.00

Financials

Q1 2026

Income statement

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Revenue$1.4B+6.8%
Gross profit$854.0M+6.1%
Operating income$338.0M+5.0%
Net income$254.0M+12.9%
EPS (diluted)$1.02+13.3%

Balance sheet

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Cash & equivalents$1.4B+15.5%
Total debt$2.9B+2.1%
Total equity$3.0B+30.5%
Total assets$7.7B+15.2%

Cash flow

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Operating cash flow$182.0M+15.9%
CapEx$12.0M-20.0%
Free cash flow$170.0M+19.7%

Valuation & ratios

Valuation

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Market cap$22.53B-12.4%
Enterprise value$23.97B-11.3%
P/E23.3×-5.5×
P/S-0.8×

Profitability

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Gross margin59.9%-0.1pp
Operating margin23.1%-0.3pp
Net margin17.3%+0.8pp
FCF margin18.6%+2.3pp

Returns & leverage

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Return on equity36.5%-9.7pp
Debt / equity-0.3×
Current ratio1.5×-0.7×

Segments

By geography

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North America$693.0M+5.8%
High-growth markets$360.0M+4.0%
Western Europe$339.0M+12.3%
Other developed markets$30.0M+3.4%

By segment

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Water Quality$874.0M+10.1%
Product Quality & Innovation$548.0M+1.9%

By product

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Recurring$887.0M+8.7%
Nonrecurring$535.0M+3.7%

Competitors

Profile

Veralto Corporation is a global industrial technology leader focused on safeguarding essential resources through advanced monitoring, treatment, and protection solutions. The company provides critical instrumentation, software, and consumables that ensure water safety and product quality across highly regulated industries such as municipal utilities, food and beverage, and pharmaceuticals.

Competitive position

Veralto holds leading positions in served markets through globally recognized brands and a large installed base of instruments that drive high levels of recurring revenue.

GeographiesNorth America, Western Europe, Asia, Latin America, Middle East, Africa
Customer segmentsMunicipalities, Enterprise CPG, Healthcare and Life Sciences, Industrial Manufacturing
Business modelConsumables-driven recurring revenue, Subscription SaaS, Equipment manufacturing, Professional services
SuppliersMetallic-based components, Electronic components, Specialized chemistries, Plastics and petroleum-based products, OEM product suppliers
CustomersPublic and private water utilities, Global CPG brand owners, Pharmaceutical companies, Industrial manufacturing plants
Listed2023
Employees16.0K
CEOJennifer L. Honeycutt
FilingsSEC EDGAR

Questions, answered.

What is Veralto's market cap?
Veralto (VLTO) has a market capitalization of $22.5B and trades on NYSE.
What is Veralto's revenue and profitability?
Veralto generated $5.6B in trailing twelve-month revenue with net income of $969.0M, representing a net margin of 17.3%. Gross margin stands at 59.9%, with free cash flow of $1.0B. These figures are based on the Q1 2026 filing.
Who are Veralto's competitors?
Veralto's key competitors include Xylem Inc., Ecolab Inc., Dover Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does Veralto have?
Veralto's subsidiaries include Hach, ChemTreat, Trojan Technologies, and others.
Where is Veralto headquartered?
Veralto is headquartered in United States of America and employs approximately 16,000 people. It has been publicly traded since 2023.