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Veralto Corporation VLTO SPX

Industrials · Pollution & Treatment Controls · United States
https://www.veralto.com

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat, and other brands. This segment also provides water solutions, including chemical reagents, services, and software solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.

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$82.23
-18.21% 1Y

Market & Price

Market Cap
$20.20B
Current Price
$82.23
High / Low (52W)
$109.33 / $82.23
Beta
0.93

Valuation

Stock P/E
21.19
Industry PE
28.38
Forward P/E
17.68
PEG Ratio
2.46
Book Value
$12.23
Price to Book
6.72
P/S
3.61
EV/EBITDA
15.70
Dividend Yield
0.63%

Profitability & Returns

ROCE
22.51%
ROE
36.46%
ROA
11.32%
Profit Margin
17.32%
Op Margin
23.77%
EPS (Latest Qtr)
$1.02
EPS (TTM)
$3.88

Balance Sheet & Liquidity

Debt/Equity
0.96
Quick Ratio
1.19
Current Ratio
1.48
Debt
$2.87B
Total Assets
$7.69B
Current Assets
$3.43B
Working Capital
$1.38B

Ownership

Promoter Holding
0.19%
Chg in Prom Hold
-
FII / Inst Holding
98.70%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$21.64B
Total Revenue (TTM)
$5.59B
EBITDA
$1.38B
Free Cash Flow
$768.25M
Operating Cash Flow
$1.10B
Shares Outstanding
245.60M
Gross Margin
59.86%
Payout Ratio
12.37%

Growth (CAGR)

Revenue 5Y
4.16%
Profit 5Y
3.62%
Revenue (YoY)
6.80%
Earnings (YoY)
13.30%

PROS

  • Strong return on equity of 36.5%.
  • Healthy ROCE of 22.5%.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VLTO Veralto Corporation SPX 82.23 21.19 $20.20B 0.63% 22.51% 36.46% 4.16% 3.62%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 2025Jun 2025Jul 2025Sep 2025Oct 2025Dec 2025Mar 2026Apr 2026
Revenue 1.22B1.23B1.25B1.25B1.25B1.29B1.31B-1.33B1.33B1.37B1.37B1.40B1.40B1.40B1.42B1.42B
Cost of Revenue --------527.00M-549.00M-560.00M-568.00M568.00M-
Gross Profit 694.00M708.00M724.00M723.00M747.00M774.00M783.00M-805.00M805.00M822.00M822.00M844.00M844.00M828.00M854.00M854.00M
Operating Expenses --------483.00M-509.00M-518.00M-512.00M516.00M-
Operating Income 285.00M292.00M289.00M273.00M293.00M299.00M308.00M-322.00M322.00M313.00M313.00M326.00M326.00M316.00M338.00M338.00M
EBITDA --------335.00M-332.00M-347.00M-333.00M369.00M-
Interest Expense --------27.00M-28.00M-21.00M-20.00M24.00M-
Pretax Income --------289.00M-285.00M-306.00M-293.00M321.00M-
Tax Provision --------64.00M-63.00M-67.00M-39.00M67.00M-
Net Income 218.00M225.00M209.00M205.00M184.00M203.00M219.00M-225.00M225.00M222.00M222.00M239.00M239.00M254.00M254.00M254.00M
Diluted EPS 0.890.910.850.830.740.810.88-0.900.900.890.890.950.951.011.021.02
R&D Expense 52.00M56.00M57.00M55.00M60.00M61.00M63.00M--64.00M-67.00M-67.00M--68.00M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 4.70B4.87B5.02B5.19B5.50B
Cost of Revenue -2.11B2.12B2.09B2.20B
Gross Profit 2.71B2.76B2.90B3.10B3.30B
Operating Expenses -1.65B1.76B1.90B2.02B
Operating Income 1.04B1.11B1.14B1.21B1.28B
EBITDA -1.20B1.21B1.28B1.35B
Interest Expense -030.00M113.00M96.00M
Pretax Income -1.11B1.10B1.09B1.17B
Tax Provision -268.00M257.00M253.00M233.00M
Net Income 861.00M845.00M839.00M833.00M940.00M
Diluted EPS 3.503.433.403.343.76
R&D Expense 244.00M217.00M225.00M253.00M266.00M

Compounded Sales Growth

5 Years:4.16%
1 Year:6.80%

Compounded Profit Growth

5 Years:3.62%
1 Year:13.30%

Stock Price Performance

1 Year:-18.21%
6 Months:-20.68%
3 Months:-15.47%
1 Month:-8.09%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -4.83B5.69B6.41B7.69B
Current Assets -1.28B2.07B2.39B3.43B
Cash & Equivalents -0762.00M1.10B2.03B
Inventory -345.00M297.00M288.00M307.00M
Receivables -816.00M826.00M812.00M897.00M
Total Liabilities -1.58B4.30B4.36B4.59B
Current Liabilities -1.12B1.26B1.25B2.06B
Long Term Debt --2.63B2.60B1.97B
Total Debt -123.00M2.78B2.77B2.88B
Total Equity -3.23B1.38B2.04B3.10B
Shares Outstanding -246.06M246.40M247.40M248.40M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -870.00M963.00M875.00M1.08B
Investing Cash Flow --89.00M-55.00M-434.00M-98.00M
Financing Cash Flow --781.00M-135.00M-65.00M-102.00M
Capital Expenditure --34.00M-54.00M-55.00M-63.00M
Free Cash Flow -836.00M909.00M820.00M1.01B
Net Change in Cash --773.00M376.00M877.00M
Dividends Paid -0089.00M109.00M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 57.7%56.7%57.8%59.8%59.9%
Operating Margin % 22.1%22.8%22.7%23.3%23.2%
Net Margin % 18.3%17.4%16.7%16.0%17.1%
ROE % -26.1%60.7%40.9%30.3%
ROCE % -30.0%25.7%23.4%22.7%

Shareholding Pattern

Insiders
0.19%
Institutions
98.70%
Public Float
98.89%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 10.15% 24.93M $2.05B
2 Vanguard Capital Management LLC 6.40% 15.71M $1.29B
3 Vanguard Portfolio Management LLC 4.80% 11.78M $968.79M
4 State Street Corporation 4.45% 10.93M $898.40M
5 T. Rowe Price Investment Management, Inc. 3.21% 7.88M $647.58M
6 Geode Capital Management, LLC 3.05% 7.49M $616.28M
7 First Trust Advisors LP 2.50% 6.15M $505.75M
8 Invesco Ltd. 2.07% 5.10M $419.06M
9 JPMORGAN CHASE & CO 1.61% 3.96M $326.01M
10 Alliancebernstein L.P. 1.59% 3.92M $322.04M

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