VLTO
Veralto Corp
Next earnings Jul 27, 2026 (after close) · consensus $1.02 EPS, $1.48B rev
Last earnings -2.3% on 2026-04-28
$92.55
▲ +4.31%$92.55▼ -7.98%
over 1Y
L $82.23H $109.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.3%
1W+5.2%
1M+12.3%
3M+5.2%
YTD-5.9%
1Y-8.0%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 26 analysts
Buy
High-quality water/quality-assurance compounder: 60% gross margins, 30% ROE, accelerating growth and a deleveraged balance sheet at a fair 22x.
Revenue $5.50B · FY2025
The read
Solid fundamentals at a roughly fair price — reasonable risk/reward at today's level.
Veralto is a textbook quality compounder. FY2025 revenue grew 6.0% to $5.50B with net income up 12.8% to $940M and EPS up 12.6% to $3.76 — growth that is accelerating off a multi-year plateau (net income was stuck near $835M from FY2021-2024 before this step-up). The economics are excellent: 59.9% gross margin, 23.2% operating margin, 17.1% net margin, and a 30.3% return on equity, reflecting the recurring-consumables, mission-critical nature of its water-treatment and product-quality instruments.
The balance sheet has materially strengthened. Long-term debt fell 24.1% YoY to $1.97B while cash jumped 84.5% to $2.03B and equity rose 52.4% to $3.10B — net debt is now negligible, giving Veralto firepower for the bolt-on M&A its model is built around (the 10-K's critical-accounting discussion centers on acquired intangibles and goodwill across three reporting units, with the FY2025 impairment test showing all fair values exceeding carrying value). Operating cash flow grew 23.1% to $1.08B against just $63M of capex — a highly cash-generative, asset-light profile.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:41 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $4.70B | $4.87B | $5.02B | $5.19B | $5.50B |
| Gross profit | $2.71B | $2.76B | $2.90B | $3.10B | $3.30B |
| Operating income | $1.04B | $1.11B | $1.14B | $1.21B | $1.28B |
| Net income | $861M | $845M | $839M | $833M | $940M |
| Diluted EPS | $3.50 | $3.43 | $3.40 | $3.34 | $3.76 |
| Net margin | 18.3% | 17.4% | 16.7% | 16.0% | 17.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$23.4B
EV / EBITDA17.2
EV / Sales4.2
EV / FCF23.0
P / FCF22.4
PEG (trailing)1.92
Earnings yield4.1%
FCF yield4.5%
Quality & risk
ROIC (est.)17.5%
Free cash flow$1.01B
Total debt$2.67B
Net cash-$642M
Piotroski F-Score5/9
Capital returns
Buyback yield—
Dividend yield (est.)0.5%
Shareholder yield0.5%
Shares Δ YoY+0.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-05-272026-06-01open ↗11-KPeriod ending 2025-12-312026-05-29open ↗SDFiling2026-05-29open ↗424B5Filing2026-05-28open ↗FWPFiling2026-05-27open ↗424B5Filing2026-05-27open ↗4Period ending 2026-05-152026-05-19open ↗8-KPeriod ending 2026-05-132026-05-14open ↗4Period ending 2026-05-012026-05-05open ↗SCHEDULE 13GFiling2026-04-30open ↗S-8Filing2026-04-29open ↗10-QPeriod ending 2026-04-032026-04-29open ↗
Frequently asked
- Is Veralto Corp (VLTO) a buy?
- VLTO currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. High-quality water/quality-assurance compounder: 60% gross margins, 30% ROE, accelerating growth and a deleveraged balance sheet at a fair 22x.
- What is VLTO's fair value?
- A Modified-Graham model based on VLTO's SEC fundamentals estimates a fair value of about $93.52. It is an estimate from reported earnings, not a price target.
- Is VLTO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, VLTO currently appears fairly valued relative to its SEC-grounded earnings power.
- What is Veralto Corp's quality score?
- VLTO scores 71.66398093875517/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001967680, latest 10-Q filed 2026-04-29) · EODHD · Proprietary analysis · as of 6/21/2026, 8:41:43 PM.
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