Veralto Corporation Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Veralto Corporation has an operating margin of 23.3%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.7% the prior year.
Veralto Corporation's revenue grew a modest 3.4% year-over-year to $5.2B. This slow but positive growth earns a score of 38/100.
Veralto Corporation has a moderate D/E ratio of 1.28. This balance of debt and equity financing earns a leverage score of 64/100.
Veralto Corporation's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
Veralto Corporation converts 15.8% of revenue into free cash flow ($820.0M). This strong cash generation earns a score of 79/100.
Veralto Corporation earns a strong 40.9% return on equity (ROE), meaning it generates $41 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 60.7% the prior year.
Veralto Corporation scores 5.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($23.0B) relative to total liabilities ($4.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Veralto Corporation passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Veralto Corporation generates $1.05 in operating cash flow ($875.0M OCF vs $833.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Veralto Corporation earns $10.7 in operating income for every $1 of interest expense ($1.2B vs $113.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Veralto Corporation (VLTO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Key Financial Metrics
Veralto Corporation generated $5.2B in revenue in fiscal year 2024. This represents an increase of 3.4% from the prior year.
Veralto Corporation's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.8% from the prior year.
Veralto Corporation generated $820.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 9.8% from the prior year.
Veralto Corporation reported $833.0M in net income in fiscal year 2024. This represents a decrease of 0.7% from the prior year.
Veralto Corporation earned $3.34 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.8% from the prior year.
Veralto Corporation held $1.1B in cash against $2.6B in long-term debt as of fiscal year 2024.
Veralto Corporation had 248M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Veralto Corporation's gross margin was 59.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Veralto Corporation's operating margin was 23.3% in fiscal year 2024, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Veralto Corporation's net profit margin was 16.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Veralto Corporation's ROE was 40.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 19.8 percentage points from the prior year.
Veralto Corporation invested $253.0M in research and development in fiscal year 2024. This represents an increase of 12.4% from the prior year.
Veralto Corporation invested $55.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.9% from the prior year.
VLTO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+2.4% | $1.4B+2.9% | $1.3B-1.0% | $1.3B+4.4% | $1.3B+3.4% | $1.2B-3.3% | $1.3B+2.6% | $1.3B |
| Cost of Revenue | $560.0M+2.0% | $549.0M+4.2% | $527.0M-3.1% | $544.0M+5.8% | $514.0M+3.0% | $499.0M-7.9% | $542.0M+1.9% | $532.0M |
| Gross Profit | $844.0M+2.7% | $822.0M+2.1% | $805.0M+0.5% | $801.0M+3.5% | $774.0M+3.6% | $747.0M+0.1% | $746.0M+3.2% | $723.0M |
| R&D Expenses | $67.0M0.0% | $67.0M+4.7% | $64.0M-7.2% | $69.0M+13.1% | $61.0M+1.7% | $60.0M+5.3% | $57.0M+3.6% | $55.0M |
| SG&A Expenses | $451.0M+2.0% | $442.0M+5.5% | $419.0M-1.2% | $424.0M+2.4% | $414.0M+5.1% | $394.0M-2.2% | $403.0M+2.0% | $395.0M |
| Operating Income | $326.0M+4.2% | $313.0M-2.8% | $322.0M+4.5% | $308.0M+3.0% | $299.0M+2.0% | $293.0M+2.4% | $286.0M+4.8% | $273.0M |
| Interest Expense | $21.0M-25.0% | $28.0M+3.7% | $27.0M-3.6% | $28.0M-6.7% | $30.0M+7.1% | $28.0M+12.0% | $25.0M+400.0% | $5.0M |
| Income Tax | $67.0M+6.3% | $63.0M-1.6% | $64.0M+20.8% | $53.0M-20.9% | $67.0M+1.5% | $66.0M+8.2% | $61.0M-3.2% | $63.0M |
| Net Income | $239.0M+7.7% | $222.0M-1.3% | $225.0M-0.9% | $227.0M+11.8% | $203.0M+10.3% | $184.0M-8.0% | $200.0M-2.4% | $205.0M |
| EPS (Diluted) | $0.95+6.7% | $0.89-1.1% | $0.90-1.1% | $0.91+12.3% | $0.81+9.5% | $0.74-8.6% | $0.81-2.4% | $0.83 |
VLTO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.4B+3.6% | $7.2B+7.9% | $6.6B+3.7% | $6.4B+8.5% | $5.9B+3.4% | $5.7B+0.3% | $5.7B+10.3% | $5.2B |
| Current Assets | $3.2B+8.2% | $3.0B+15.4% | $2.6B+7.2% | $2.4B+2.3% | $2.3B+10.2% | $2.1B+2.1% | $2.1B+24.9% | $1.7B |
| Cash & Equivalents | $1.8B+13.9% | $1.6B+25.8% | $1.2B+12.5% | $1.1B+5.6% | $1.0B+26.1% | $827.0M+8.5% | $762.0M+78.9% | $426.0M |
| Inventory | $340.0M+3.3% | $329.0M+6.1% | $310.0M+7.6% | $288.0M-7.7% | $312.0M+1.3% | $308.0M+3.7% | $297.0M-6.0% | $316.0M |
| Accounts Receivable | $875.0M-0.3% | $878.0M+5.5% | $832.0M+2.5% | $812.0M+1.1% | $803.0M-1.5% | $815.0M-1.3% | $826.0M+1.2% | $816.0M |
| Goodwill | $2.8B-0.4% | $2.8B+3.5% | $2.7B+1.7% | $2.7B+8.2% | $2.5B-0.4% | $2.5B-1.3% | $2.5B+2.1% | $2.5B |
| Total Liabilities | $4.6B+1.4% | $4.5B+4.0% | $4.3B-0.6% | $4.4B+3.1% | $4.2B+0.3% | $4.2B-1.9% | $4.3B+4.6% | $4.1B |
| Current Liabilities | $2.0B+59.8% | $1.3B+9.0% | $1.2B-6.0% | $1.2B+4.6% | $1.2B+2.9% | $1.2B-8.6% | $1.3B+22.3% | $1.0B |
| Long-Term Debt | $2.0B-26.2% | $2.7B+1.6% | $2.6B+1.2% | $2.6B-0.6% | $2.6B-0.1% | $2.6B-0.4% | $2.6B+1.0% | $2.6B |
| Total Equity | $2.8B+7.3% | $2.7B+15.2% | $2.3B+13.0% | $2.0B+22.3% | $1.7B+12.4% | $1.5B+7.2% | $1.4B+33.2% | $1.0B |
| Retained Earnings | $1.5B+16.2% | $1.3B+17.6% | $1.1B+21.5% | $917.0M+76.0% | $521.0M+53.2% | $340.0M+91.0% | $178.0M | N/A |
VLTO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $270.0M-20.4% | $339.0M+115.9% | $157.0M-44.9% | $285.0M+13.5% | $251.0M+118.3% | $115.0M-56.3% | $263.0M+8.2% | $243.0M |
| Capital Expenditures | $12.0M-25.0% | $16.0M+6.7% | $15.0M-31.8% | $22.0M+100.0% | $11.0M-15.4% | $13.0M-40.9% | $22.0M+100.0% | $11.0M |
| Free Cash Flow | $258.0M-20.1% | $323.0M+127.5% | $142.0M-46.0% | $263.0M+9.6% | $240.0M+135.3% | $102.0M-57.7% | $241.0M+3.9% | $232.0M |
| Investing Cash Flow | -$12.0M+70.0% | -$40.0M-263.6% | -$11.0M+97.2% | -$394.0M-3481.8% | -$11.0M+52.2% | -$23.0M-4.5% | -$22.0M-57.1% | -$14.0M |
| Financing Cash Flow | -$36.0M-140.0% | -$15.0M+42.3% | -$26.0M-62.5% | -$16.0M-23.1% | -$13.0M+35.0% | -$20.0M-120.6% | $97.0M-52.9% | $206.0M |
| Dividends Paid | $28.0M+3.7% | $27.0M0.0% | $27.0M+22.7% | $22.0M0.0% | $22.0M0.0% | $22.0M | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VLTO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1%+0.1pp | 60.0%-0.5pp | 60.4%+0.9pp | 59.6%-0.5pp | 60.1%+0.1pp | 60.0%+2.0pp | 57.9%+0.3pp | 57.6% |
| Operating Margin | 23.2%+0.4pp | 22.8%-1.3pp | 24.2%+1.3pp | 22.9%-0.3pp | 23.2%-0.3pp | 23.5%+1.3pp | 22.2%+0.5pp | 21.8% |
| Net Margin | 17.0%+0.8pp | 16.2%-0.7pp | 16.9%0.0pp | 16.9%+1.1pp | 15.8%+1.0pp | 14.8%-0.8pp | 15.5%-0.8pp | 16.3% |
| Return on Equity | 8.4%+0.0pp | 8.4%-1.4pp | 9.8%-1.4pp | 11.1%-1.0pp | 12.2%-0.2pp | 12.4%-2.0pp | 14.5%-5.3pp | 19.8% |
| Return on Assets | 3.2%+0.1pp | 3.1%-0.3pp | 3.4%-0.2pp | 3.5%+0.1pp | 3.4%+0.2pp | 3.2%-0.3pp | 3.5%-0.5pp | 4.0% |
| Current Ratio | 1.57-0.7 | 2.32+0.1 | 2.19+0.3 | 1.92-0.0 | 1.96+0.1 | 1.83+0.2 | 1.64+0.0 | 1.61 |
| Debt-to-Equity | 0.69-0.3 | 1.01-0.1 | 1.14-0.1 | 1.28-0.3 | 1.57-0.2 | 1.77-0.1 | 1.90-0.6 | 2.51 |
| FCF Margin | 18.4%-5.2pp | 23.6%+12.9pp | 10.7%-8.9pp | 19.6%+0.9pp | 18.6%+10.4pp | 8.2%-10.5pp | 18.7%+0.2pp | 18.5% |
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Frequently Asked Questions
What is Veralto Corporation's annual revenue?
Veralto Corporation (VLTO) reported $5.2B in total revenue for fiscal year 2024. This represents a 3.4% 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 3.4% year-over-year, from $5.0B to $5.2B in fiscal year 2024.
Is Veralto Corporation profitable?
Yes, Veralto Corporation (VLTO) reported a net income of $833.0M in fiscal year 2024, with a net profit margin of 16.0%.
What is Veralto Corporation's earnings per share (EPS)?
Veralto Corporation (VLTO) reported diluted earnings per share of $3.34 for fiscal year 2024. This represents a -1.8% 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.
What is Veralto Corporation's EBITDA?
Veralto Corporation (VLTO) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Veralto Corporation have?
As of fiscal year 2024, Veralto Corporation (VLTO) had $1.1B in cash and equivalents against $2.6B in long-term debt.
What is Veralto Corporation's gross margin?
Veralto Corporation (VLTO) had a gross margin of 59.8% in fiscal year 2024, 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 23.3% in fiscal year 2024, 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 16.0% in fiscal year 2024, 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 40.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Veralto Corporation's free cash flow?
Veralto Corporation (VLTO) generated $820.0M in free cash flow during fiscal year 2024. This represents a -9.8% 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 $875.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Veralto Corporation's total assets?
Veralto Corporation (VLTO) had $6.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Veralto Corporation's capital expenditures?
Veralto Corporation (VLTO) invested $55.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Veralto Corporation spend on research and development?
Veralto Corporation (VLTO) invested $253.0M in research and development during fiscal year 2024.
How many shares does Veralto Corporation have outstanding?
Veralto Corporation (VLTO) had 248M shares outstanding as of fiscal year 2024.
What is Veralto Corporation's current ratio?
Veralto Corporation (VLTO) had a current ratio of 1.92 as of fiscal year 2024, which is generally considered healthy.
What is Veralto Corporation's debt-to-equity ratio?
Veralto Corporation (VLTO) had a debt-to-equity ratio of 1.28 as of fiscal year 2024, 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 13.0% for fiscal year 2024, 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 5.00, 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 6 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 1.05x, 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 10.7x, 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 73 out of 100 on our Financial Profile, indicating strong 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.