Veralto Corporation VLTO SPX
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Apr 2025 | Jun 2025 | Jul 2025 | Sep 2025 | Oct 2025 | Dec 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.22B | 1.23B | 1.25B | 1.25B | 1.25B | 1.29B | 1.31B | - | 1.33B | 1.33B | 1.37B | 1.37B | 1.40B | 1.40B | 1.40B | 1.42B | 1.42B |
| Cost of Revenue | - | - | - | - | - | - | - | - | 527.00M | - | 549.00M | - | 560.00M | - | 568.00M | 568.00M | - |
| Gross Profit | 694.00M | 708.00M | 724.00M | 723.00M | 747.00M | 774.00M | 783.00M | - | 805.00M | 805.00M | 822.00M | 822.00M | 844.00M | 844.00M | 828.00M | 854.00M | 854.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | 483.00M | - | 509.00M | - | 518.00M | - | 512.00M | 516.00M | - |
| Operating Income | 285.00M | 292.00M | 289.00M | 273.00M | 293.00M | 299.00M | 308.00M | - | 322.00M | 322.00M | 313.00M | 313.00M | 326.00M | 326.00M | 316.00M | 338.00M | 338.00M |
| EBITDA | - | - | - | - | - | - | - | - | 335.00M | - | 332.00M | - | 347.00M | - | 333.00M | 369.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | 27.00M | - | 28.00M | - | 21.00M | - | 20.00M | 24.00M | - |
| Pretax Income | - | - | - | - | - | - | - | - | 289.00M | - | 285.00M | - | 306.00M | - | 293.00M | 321.00M | - |
| Tax Provision | - | - | - | - | - | - | - | - | 64.00M | - | 63.00M | - | 67.00M | - | 39.00M | 67.00M | - |
| Net Income | 218.00M | 225.00M | 209.00M | 205.00M | 184.00M | 203.00M | 219.00M | - | 225.00M | 225.00M | 222.00M | 222.00M | 239.00M | 239.00M | 254.00M | 254.00M | 254.00M |
| Diluted EPS | 0.89 | 0.91 | 0.85 | 0.83 | 0.74 | 0.81 | 0.88 | - | 0.90 | 0.90 | 0.89 | 0.89 | 0.95 | 0.95 | 1.01 | 1.02 | 1.02 |
| R&D Expense | 52.00M | 56.00M | 57.00M | 55.00M | 60.00M | 61.00M | 63.00M | - | - | 64.00M | - | 67.00M | - | 67.00M | - | - | 68.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 4.70B | 4.87B | 5.02B | 5.19B | 5.50B |
| Cost of Revenue | - | 2.11B | 2.12B | 2.09B | 2.20B |
| Gross Profit | 2.71B | 2.76B | 2.90B | 3.10B | 3.30B |
| Operating Expenses | - | 1.65B | 1.76B | 1.90B | 2.02B |
| Operating Income | 1.04B | 1.11B | 1.14B | 1.21B | 1.28B |
| EBITDA | - | 1.20B | 1.21B | 1.28B | 1.35B |
| Interest Expense | - | 0 | 30.00M | 113.00M | 96.00M |
| Pretax Income | - | 1.11B | 1.10B | 1.09B | 1.17B |
| Tax Provision | - | 268.00M | 257.00M | 253.00M | 233.00M |
| Net Income | 861.00M | 845.00M | 839.00M | 833.00M | 940.00M |
| Diluted EPS | 3.50 | 3.43 | 3.40 | 3.34 | 3.76 |
| R&D Expense | 244.00M | 217.00M | 225.00M | 253.00M | 266.00M |
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 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 4.83B | 5.69B | 6.41B | 7.69B |
| Current Assets | - | 1.28B | 2.07B | 2.39B | 3.43B |
| Cash & Equivalents | - | 0 | 762.00M | 1.10B | 2.03B |
| Inventory | - | 345.00M | 297.00M | 288.00M | 307.00M |
| Receivables | - | 816.00M | 826.00M | 812.00M | 897.00M |
| Total Liabilities | - | 1.58B | 4.30B | 4.36B | 4.59B |
| Current Liabilities | - | 1.12B | 1.26B | 1.25B | 2.06B |
| Long Term Debt | - | - | 2.63B | 2.60B | 1.97B |
| Total Debt | - | 123.00M | 2.78B | 2.77B | 2.88B |
| Total Equity | - | 3.23B | 1.38B | 2.04B | 3.10B |
| Shares Outstanding | - | 246.06M | 246.40M | 247.40M | 248.40M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 870.00M | 963.00M | 875.00M | 1.08B |
| 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 | - | 836.00M | 909.00M | 820.00M | 1.01B |
| Net Change in Cash | - | - | 773.00M | 376.00M | 877.00M |
| Dividends Paid | - | 0 | 0 | 89.00M | 109.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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