What is Veralto Corporation's earnings per share (EPS)?

Veralto Corporation (VLTO) reported diluted earnings per share of $3.76 for fiscal year 2025. This represents a 12.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Veralto Corporation Financials

VLTO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Veralto Corporation (VLTO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 64/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Veralto Corporation has an operating margin of 23.2%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is down from 23.3% the prior year.

Growth

Veralto Corporation's revenue grew 6.0% year-over-year to $5.5B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage

Veralto Corporation carries a low D/E ratio of 0.64, meaning only $0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Veralto Corporation's current ratio of 1.67 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

Veralto Corporation converts 18.4% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 71/100.

Returns

Veralto Corporation earns a strong 30.3% return on equity (ROE), meaning it generates $30 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is down from 40.9% the prior year.

Altman Z-Score Safe

4.63

Veralto Corporation scores 4.63, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($21.7B) relative to total liabilities ($4.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Veralto Corporation passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Veralto Corporation generates $1.15 in operating cash flow ($1.1B OCF vs $940.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.3x

Veralto Corporation earns $13.3 in operating income for every $1 of interest expense ($1.3B vs $96.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.5B

YoY+6.0%

Veralto Corporation generated $5.5B in revenue in fiscal year 2025. This represents an increase of 6.0% from the prior year.

EBITDA

$1.4B

YoY+5.4%

Veralto Corporation's EBITDA was $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.4% from the prior year.

Net Income

$940.0M

YoY+12.8%

Veralto Corporation reported $940.0M in net income in fiscal year 2025. This represents an increase of 12.8% from the prior year.

EPS (Diluted)

$3.76

YoY+12.6%

Veralto Corporation earned $3.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.0B

YoY+23.7%

Veralto Corporation generated $1.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 23.7% from the prior year.

Cash & Debt

$2.0B

YoY+84.5%

Veralto Corporation held $2.0B in cash against $2.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

248M

YoY+0.1%

Veralto Corporation had 248M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

60.0%

YoY+0.2pp

Veralto Corporation's gross margin was 60.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin

23.2%

YoY-0.1pp

Veralto Corporation's operating margin was 23.2% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.

Net Margin

17.1%

YoY+1.0pp

Veralto Corporation's net profit margin was 17.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

30.3%

YoY-10.6pp

Veralto Corporation's ROE was 30.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$266.0M

YoY+5.1%

Veralto Corporation invested $266.0M in research and development in fiscal year 2025. This represents an increase of 5.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$63.0M

YoY+14.5%

Veralto Corporation invested $63.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.5% from the prior year.

VLTO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$5.5B+6.0%	$5.2B+3.4%	$5.0B+3.1%	$4.9B+3.6%	$4.7B
Cost of Revenue	$2.2B+5.6%	$2.1B-1.5%	$2.1B+0.5%	$2.1B+6.2%	$2.0B
Gross Profit	$3.3B+6.2%	$3.1B+7.0%	$2.9B+5.1%	$2.8B+1.7%	$2.7B
R&D Expenses	$266.0M+5.1%	$253.0M+12.4%	$225.0M+3.7%	$217.0M-11.1%	$244.0M
SG&A Expenses	$1.8B+6.8%	$1.6B+7.0%	$1.5B+7.3%	$1.4B+0.2%	$1.4B
Operating Income	$1.3B+5.7%	$1.2B+6.0%	$1.1B+2.5%	$1.1B+6.8%	$1.0B
Interest Expense	$96.0M-15.0%	$113.0M+276.7%	$30.0M	$0	$0
Income Tax	$233.0M-7.9%	$253.0M-1.6%	$257.0M-4.1%	$268.0M+44.1%	$186.0M
Net Income	$940.0M+12.8%	$833.0M-0.7%	$839.0M-0.7%	$845.0M-1.9%	$861.0M
EPS (Diluted)	$3.76+12.6%	$3.34-1.8%	$3.40	$3.43-2.0%	$3.50

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$1.4B+2.4%	$1.4B+2.9%	$1.3B-1.0%	$1.3B+2.4%	$1.3B+2.0%	$1.3B+3.4%	$1.2B-3.3%	$1.3B
Cost of Revenue	$560.0M+2.0%	$549.0M+4.2%	$527.0M-3.1%	$544.0M+2.4%	$531.0M+3.3%	$514.0M+3.0%	$499.0M-7.9%	$542.0M
Gross Profit	$844.0M+2.7%	$822.0M+2.1%	$805.0M+0.5%	$801.0M+2.3%	$783.0M+1.2%	$774.0M+3.6%	$747.0M+0.1%	$746.0M
R&D Expenses	$67.0M0.0%	$67.0M+4.7%	$64.0M-7.2%	$69.0M+9.5%	$63.0M+3.3%	$61.0M+1.7%	$60.0M+5.3%	$57.0M
SG&A Expenses	$451.0M+2.0%	$442.0M+5.5%	$419.0M-1.2%	$424.0M+2.9%	$412.0M-0.5%	$414.0M+5.1%	$394.0M-2.2%	$403.0M
Operating Income	$326.0M+4.2%	$313.0M-2.8%	$322.0M+4.5%	$308.0M0.0%	$308.0M+3.0%	$299.0M+2.0%	$293.0M+2.4%	$286.0M
Interest Expense	$21.0M-25.0%	$28.0M+3.7%	$27.0M-3.6%	$28.0M+3.7%	$27.0M-10.0%	$30.0M+7.1%	$28.0M+12.0%	$25.0M
Income Tax	$67.0M+6.3%	$63.0M-1.6%	$64.0M+20.8%	$53.0M-20.9%	$67.0M0.0%	$67.0M+1.5%	$66.0M+8.2%	$61.0M
Net Income	$239.0M+7.7%	$222.0M-1.3%	$225.0M-0.9%	$227.0M+3.7%	$219.0M+7.9%	$203.0M+10.3%	$184.0M-8.0%	$200.0M
EPS (Diluted)	$0.95+6.7%	$0.89-1.1%	$0.90	N/A	$0.88+8.6%	$0.81+9.5%	$0.74	N/A

VLTO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$7.7B+20.1%	$6.4B+12.5%	$5.7B+18.0%	$4.8B-0.3%	$4.8B
Current Assets	$3.4B+43.8%	$2.4B+15.1%	$2.1B+62.0%	$1.3B	N/A
Cash & Equivalents	$2.0B+84.5%	$1.1B+44.5%	$762.0M	$0	$0
Inventory	$307.0M+6.6%	$288.0M-3.0%	$297.0M-13.9%	$345.0M	N/A
Accounts Receivable	$897.0M+10.5%	$812.0M-1.7%	$826.0M+1.2%	$816.0M	N/A
Goodwill	$2.8B+5.4%	$2.7B+6.3%	$2.5B+2.3%	$2.5B-1.0%	$2.5B
Total Liabilities	$4.6B+5.0%	$4.4B+1.3%	$4.3B+171.1%	$1.6B	N/A
Current Liabilities	$2.1B+65.1%	$1.2B-1.6%	$1.3B+12.6%	$1.1B	N/A
Long-Term Debt	$2.0B-24.1%	$2.6B-1.1%	$2.6B	$0	N/A
Total Equity	$3.1B+52.4%	$2.0B+47.4%	$1.4B-57.2%	$3.2B	N/A
Retained Earnings	$1.7B+90.2%	$917.0M+415.2%	$178.0M	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$7.4B+3.6%	$7.2B+7.9%	$6.6B+3.7%	$6.4B+2.3%	$6.3B+6.1%	$5.9B+3.4%	$5.7B+0.3%	$5.7B
Current Assets	$3.2B+8.2%	$3.0B+15.4%	$2.6B+7.2%	$2.4B-8.8%	$2.6B+12.2%	$2.3B+10.2%	$2.1B+2.1%	$2.1B
Cash & Equivalents	$1.8B+13.9%	$1.6B+25.8%	$1.2B+12.5%	$1.1B-13.1%	$1.3B+21.5%	$1.0B+26.1%	$827.0M+8.5%	$762.0M
Inventory	$340.0M+3.3%	$329.0M+6.1%	$310.0M+7.6%	$288.0M-11.7%	$326.0M+4.5%	$312.0M+1.3%	$308.0M+3.7%	$297.0M
Accounts Receivable	$875.0M-0.3%	$878.0M+5.5%	$832.0M+2.5%	$812.0M-3.2%	$839.0M+4.5%	$803.0M-1.5%	$815.0M-1.3%	$826.0M
Goodwill	$2.8B-0.4%	$2.8B+3.5%	$2.7B+1.7%	$2.7B+6.1%	$2.5B+2.0%	$2.5B-0.4%	$2.5B-1.3%	$2.5B
Total Liabilities	$4.6B+1.4%	$4.5B+4.0%	$4.3B-0.6%	$4.4B+1.4%	$4.3B+1.7%	$4.2B+0.3%	$4.2B-1.9%	$4.3B
Current Liabilities	$2.0B+59.8%	$1.3B+9.0%	$1.2B-6.0%	$1.2B+1.5%	$1.2B+3.0%	$1.2B+2.9%	$1.2B-8.6%	$1.3B
Long-Term Debt	$2.0B-26.2%	$2.7B+1.6%	$2.6B+1.2%	$2.6B-1.5%	$2.6B+0.9%	$2.6B-0.1%	$2.6B-0.4%	$2.6B
Total Equity	$2.8B+7.3%	$2.7B+15.2%	$2.3B+13.0%	$2.0B+4.3%	$2.0B+17.3%	$1.7B+12.4%	$1.5B+7.2%	$1.4B
Retained Earnings	$1.5B+16.2%	$1.3B+17.6%	$1.1B+21.5%	$917.0M+27.9%	$717.0M+37.6%	$521.0M+53.2%	$340.0M+91.0%	$178.0M

VLTO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.1B+23.1%	$875.0M-9.1%	$963.0M+10.7%	$870.0M-2.9%	$896.0M
Capital Expenditures	$63.0M+14.5%	$55.0M+1.9%	$54.0M+58.8%	$34.0M-37.0%	$54.0M
Free Cash Flow	$1.0B+23.7%	$820.0M-9.8%	$909.0M+8.7%	$836.0M-0.7%	$842.0M
Investing Cash Flow	-$98.0M+77.4%	-$434.0M-689.1%	-$55.0M+38.2%	-$89.0M+8.2%	-$97.0M
Financing Cash Flow	-$102.0M-56.9%	-$65.0M+51.9%	-$135.0M+82.7%	-$781.0M+2.3%	-$799.0M
Dividends Paid	$109.0M+22.5%	$89.0M	$0	$0	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$270.0M-20.4%	$339.0M+115.9%	$157.0M-44.9%	$285.0M+27.2%	$224.0M-10.8%	$251.0M+118.3%	$115.0M-56.3%	$263.0M
Capital Expenditures	$12.0M-25.0%	$16.0M+6.7%	$15.0M-31.8%	$22.0M+144.4%	$9.0M-18.2%	$11.0M-15.4%	$13.0M-40.9%	$22.0M
Free Cash Flow	$258.0M-20.1%	$323.0M+127.5%	$142.0M-46.0%	$263.0M+22.3%	$215.0M-10.4%	$240.0M+135.3%	$102.0M-57.7%	$241.0M
Investing Cash Flow	-$12.0M+70.0%	-$40.0M-263.6%	-$11.0M+97.2%	-$394.0M-6466.7%	-$6.0M+45.5%	-$11.0M+52.2%	-$23.0M-4.5%	-$22.0M
Financing Cash Flow	-$36.0M-140.0%	-$15.0M+42.3%	-$26.0M-62.5%	-$16.0M0.0%	-$16.0M-23.1%	-$13.0M+35.0%	-$20.0M-120.6%	$97.0M
Dividends Paid	$28.0M+3.7%	$27.0M0.0%	$27.0M+22.7%	$22.0M-4.3%	$23.0M+4.5%	$22.0M0.0%	$22.0M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VLTO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	60.0%+0.2pp	59.8%+2.0pp	57.8%+1.1pp	56.7%-1.1pp	57.7%
Operating Margin	23.2%-0.1pp	23.3%+0.6pp	22.7%-0.1pp	22.8%+0.7pp	22.1%
Net Margin	17.1%+1.0pp	16.0%-0.7pp	16.7%-0.6pp	17.3%-1.0pp	18.3%
Return on Equity	30.3%-10.6pp	40.9%-19.8pp	60.7%+34.6pp	26.1%	N/A
Return on Assets	12.2%-0.8pp	13.0%-1.7pp	14.7%-2.8pp	17.5%-0.3pp	17.8%
Current Ratio	1.67-0.2	1.92+0.3	1.64+0.5	1.14	N/A
Debt-to-Equity	0.64-0.6	1.28-0.6	1.90+1.9	0.00	N/A
FCF Margin	18.4%+2.6pp	15.8%-2.3pp	18.1%+0.9pp	17.2%-0.7pp	17.9%

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	60.1%+0.1pp	60.0%-0.5pp	60.4%+0.9pp	59.6%-0.0pp	59.6%-0.5pp	60.1%+0.1pp	60.0%+2.0pp	57.9%
Operating Margin	23.2%+0.4pp	22.8%-1.3pp	24.2%+1.3pp	22.9%-0.5pp	23.4%+0.2pp	23.2%-0.3pp	23.5%+1.3pp	22.2%
Net Margin	17.0%+0.8pp	16.2%-0.7pp	16.9%0.0pp	16.9%+0.2pp	16.7%+0.9pp	15.8%+1.0pp	14.8%-0.8pp	15.5%
Return on Equity	8.4%+0.0pp	8.4%-1.4pp	9.8%-1.4pp	11.1%-0.1pp	11.2%-1.0pp	12.2%-0.2pp	12.4%-2.0pp	14.5%
Return on Assets	3.2%+0.1pp	3.1%-0.3pp	3.4%-0.2pp	3.5%+0.0pp	3.5%+0.1pp	3.4%+0.2pp	3.2%-0.3pp	3.5%
Current Ratio	1.57-0.7	2.32+0.1	2.19+0.3	1.92-0.2	2.13+0.2	1.96+0.1	1.83+0.2	1.64
Debt-to-Equity	0.69-0.3	1.01-0.1	1.14-0.1	1.28-0.1	1.35-0.2	1.57-0.2	1.77-0.1	1.90
FCF Margin	18.4%-5.2pp	23.6%+12.9pp	10.7%-8.9pp	19.6%+3.2pp	16.4%-2.3pp	18.6%+10.4pp	8.2%-10.5pp	18.7%

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Frequently Asked Questions

What is Veralto Corporation's annual revenue?

Veralto Corporation (VLTO) reported $5.5B in total revenue for fiscal year 2025. This represents a 6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Veralto Corporation's revenue growing?

Veralto Corporation (VLTO) revenue grew by 6% year-over-year, from $5.2B to $5.5B in fiscal year 2025.

Is Veralto Corporation profitable?

Yes, Veralto Corporation (VLTO) reported a net income of $940.0M in fiscal year 2025, with a net profit margin of 17.1%.

What is Veralto Corporation's EBITDA?

Veralto Corporation (VLTO) had EBITDA of $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Veralto Corporation have?

As of fiscal year 2025, Veralto Corporation (VLTO) had $2.0B in cash and equivalents against $2.0B in long-term debt.

What is Veralto Corporation's gross margin?

Veralto Corporation (VLTO) had a gross margin of 60.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Veralto Corporation's operating margin?

Veralto Corporation (VLTO) had an operating margin of 23.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Veralto Corporation's net profit margin?

Veralto Corporation (VLTO) had a net profit margin of 17.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Veralto Corporation's return on equity (ROE)?

Veralto Corporation (VLTO) has a return on equity of 30.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Veralto Corporation's free cash flow?

Veralto Corporation (VLTO) generated $1.0B in free cash flow during fiscal year 2025. This represents a 23.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Veralto Corporation's operating cash flow?

Veralto Corporation (VLTO) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Veralto Corporation's total assets?

Veralto Corporation (VLTO) had $7.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Veralto Corporation's capital expenditures?

Veralto Corporation (VLTO) invested $63.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Veralto Corporation spend on research and development?

Veralto Corporation (VLTO) invested $266.0M in research and development during fiscal year 2025.

How many shares does Veralto Corporation have outstanding?

Veralto Corporation (VLTO) had 248M shares outstanding as of fiscal year 2025.

What is Veralto Corporation's current ratio?

Veralto Corporation (VLTO) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.

What is Veralto Corporation's debt-to-equity ratio?

Veralto Corporation (VLTO) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veralto Corporation's return on assets (ROA)?

Veralto Corporation (VLTO) had a return on assets of 12.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Veralto Corporation's Altman Z-Score?

Veralto Corporation (VLTO) has an Altman Z-Score of 4.63, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Veralto Corporation's Piotroski F-Score?

Veralto Corporation (VLTO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veralto Corporation's earnings high quality?

Veralto Corporation (VLTO) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Veralto Corporation cover its interest payments?

Veralto Corporation (VLTO) has an interest coverage ratio of 13.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Veralto Corporation?

Veralto Corporation (VLTO) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.