What is Veralto's R&D?

Veralto (VLTO) reported R&D of $73M in Q2 2026.

How has Veralto's R&D changed year-over-year?

Veralto's R&D increased by 9.0% year-over-year, from $67M to $73M.

What is the long-term trend for Veralto's R&D?

Over 3 years (2021 to 2025), Veralto's R&D has grown at a 2.9% compound annual growth rate (CAGR), from $244M to $266M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Veralto VLTO R&D

R&D at other companies

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$412M+2.2%

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$59M+1.7%

PentairPNR

$23.7M-5.6%

WAT

Waters CorporationWAT

$96M+104%

Geospace Technologies CorporationGEOS

$4.77M-8.8%

Idexx LaboratoriesIDXX

$65.79M+11.4%

Other financials

Income statement

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Revenue$1.5B+7.5%

Gross profit$902.0M+9.7%

Operating income$315.0M+0.6%

Net income$241.0M+8.6%

EPS (diluted)$0.98+10.1%

Balance sheet

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Cash & equivalents$2.1B+35.9%

Total debt$3.6B+25.2%

Total equity$3.1B+16.7%

Total assets$8.6B+19.3%

Cash flow

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Operating cash flow$340.0M+0.3%

CapEx$12.0M-25.0%

Free cash flow$328.0M+1.5%

Valuation

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Market cap$24.18B-8.2%

Enterprise value$25.65B-7.2%

P/E24.5×-5.0×

P/S4.3×-0.7×

Profitability

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Gross margin60.2%+0.3pp

Operating margin22.7%-0.6pp

Net margin17.3%+0.7pp

FCF margin18.4%+0.8pp

Returns & leverage

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Return on equity34.4%-7.0pp

Debt / equity1.2×+0.1×

Current ratio1.8×-0.5×

Where this comes from

Reported directly by Veralto in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Veralto’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Veralto's R&D?: Veralto (VLTO) reported R&D of $73M in Q2 2026.
How has Veralto's R&D changed year-over-year?: Veralto's R&D increased by 9.0% year-over-year, from $67M to $73M.
What is the long-term trend for Veralto's R&D?: Over 3 years (2021 to 2025), Veralto's R&D has grown at a 2.9% compound annual growth rate (CAGR), from $244M to $266M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.