SequelSEC

Veralto Corp VLTO

Instruments For Meas & Testing of Electricity & Elec Signals · CIK 0001967680 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$5.50B
Fiscal year ended 2025-12-31
Operating income
$1.28B
Fiscal year ended 2025-12-31
Free cash flow
$1.01B
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$25.70BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-07-04
Float per share$103.69Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income27.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue4.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity8.3×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-07-04, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Instruments For Meas & Testing of Electricity & Elec Signals filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Long-term debt / equity0.64x100th
FCF margin18.4%100th
Gross margin59.9%100th
Operating margin23.2%100th
R&D / revenue4.8%0th
Current ratio1.67x10th
SBC / revenue1.3%10th
Net margin17.1%89th
CapEx / revenue1.1%20th
Revenue YoY growth6.0%67th
Effective tax rate19.9%50th

Veralto Corp (VLTO) reported revenue of $5.50B and net income of $940.00M for the fiscal year ended 2025-12-31. This page shows 5 annual periods of income statement, balance sheet and cash flow figures normalized from Veralto Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Instruments For Meas & Testing of Electricity & Elec Signals.

Income

Veralto Corp income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue$5.50B$5.19B$5.02B$4.87B$4.70B
Cost of revenue$2.20B$2.09B$2.12B$2.11B$1.99B
Gross profit$3.30B$3.10B$2.90B$2.76B$2.71B
Operating income$1.28B$1.21B$1.14B$1.11B$1.04B
Net income$940.00M$833.00M$839.00M$845.00M$861.00M
Research & development$266.00M$253.00M$225.00M$217.00M$244.00M
Weighted-average diluted sharesshares 250.30Mshares 249.60Mshares 246.80Mshares 246.30Mshares 246.30M
Pretax income$1.17B$1.09B$1.10B$1.11B$1.05B
Income tax expense$233.00M$253.00M$257.00M$268.00M$186.00M
Diluted EPS$3.76$3.34$3.40$3.43$3.50
Selling, general & administrative$1.76B$1.64B$1.54B$1.43B$1.43B
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Veralto Corp balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Cash & equivalents$2.03B$1.10B$762.00M$0Unavailable
Total assets$7.69B$6.41B$5.69B$4.82B$4.84B
Current assets$3.43B$2.39B$2.07B$1.28BUnavailable
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$2.06B$1.24B$1.26B$1.12BUnavailable
Total equity incl. NCI$3.11B$2.04B$1.39B$3.24BUnavailable
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$307.00M$288.00M$297.00M$345.00MUnavailable
Accounts receivable$897.00M$812.00M$826.00M$816.00MUnavailable
Goodwill$2.84B$2.69B$2.53B$2.48B$2.50B
Long-term debt$1.97B$2.60B$2.63B$0Unavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Veralto Corp cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Operating cash flow$1.08B$875.00M$963.00M$870.00M$896.00M
Capital expenditures$63.00M$55.00M$54.00M$34.00M$54.00M
Investing cash flow-$98.00M-$434.00M-$55.00M-$89.00M-$97.00M
Financing cash flow-$102.00M-$65.00M-$135.00M-$781.00M-$799.00M
Net change in cash$930.00M$339.00M$762.00M$0$0
Stock-based compensation$74.00M$65.00M$55.00M$41.00M$34.00M
Common dividends paid$109.00M$89.00M$0$0Unavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$78.00M$78.00M$87.00M$90.00M$106.00M

Derived

Veralto Corp derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-31
Free cash flow$1.01B$820.00M$909.00M$836.00M$842.00M
Gross margin59.9%59.8%57.8%56.7%57.7%
Operating margin23.2%23.3%22.7%22.8%22.1%
FCF margin18.4%15.8%18.1%17.2%17.9%
SBC / revenue1.3%1.3%1.1%0.8%0.7%
Current ratio1.67x1.92x1.64x1.14xUnavailable
Revenue YoY growth6.0%3.4%3.1%3.6%Unavailable
Net margin17.1%16.0%16.7%17.4%18.3%
R&D / revenue4.8%4.9%4.5%4.5%5.2%
CapEx / revenue1.1%1.1%1.1%0.7%1.1%
Long-term debt / equity0.64x1.27x1.89x0.00xUnavailable
Effective tax rate19.9%23.3%23.4%24.1%17.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VLTO in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-30View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-07-28View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.