Veralto Corporation
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Veralto is a diversified industrial firm organized into two segments. The water quality segment offers water analytics and water treatment solutions, while the product quality and innovation segment offers coding, packaging, and color solutions for consumer packaged goods and pharmaceuticals.
It is a $23.6B technology company. Revenue grew 6.2% over the last year, it keeps 17¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 23.9× earnings — in the cheapest third of its own history.
- Website
- veralto.com
- Location
- Waltham, MA
- Employees
- 17 000
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability, quality and moat; Growth lags behind.
Valuation69
- P/E vs own history18th pct · 25/25
- FCF yield4.4% · 12/25
- P/S4.1x · 20/25
- EV/EBITDA18.5x · 12/25
Growth38
- Revenue CAGR4.0% · 6/25
- Net income CAGR2.2% · 6/25
- EPS CAGR ~5Y1.8% · 6/25
- Fwd implied growth16.4% · 20/25
Profitability90
- ROIC30.9% · 25/25
- ROE32.8% · 25/25
- Net margin17.3% · 20/25
- Operating margin22.8% · 20/25
Health68
- Altman Zn/a · 0/25
- Current ratio1.78 · 18/25
- Interest coverage13.1x · 25/25
- Net cash / debtNet cash · 25/25
Quality77
- Piotroski F6/9 · 15/25
- Beneish M-2.11 · 12/25
- FCF conversion106% · 25/25
- Margin stabilityσ 0.9% · 25/25
Moat100
- ROIC >12% years5/5 yrs · 25/25
- Median gross margin57.8% · 25/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 16.0% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBecame debt-freecash now exceeds total debt
- FY2025FinancialBest year on record$940M net income
- 2025AcquisitionThe company acquired Aquafides, which produces ultraviolet water treatment systems, for $20 million
- 2024AcquisitionThe company acquired TraceGains, a cloud-based software platform used for compliance and reporting…
- 2023MilestoneDanaher Corporation completed the corporate spin-off of the company in September 2023
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $1B$4.70B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (60.2%)
- Strong cash conversion — FCF is 18.4% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 13.1× by operating earnings
- High returns on invested capital (ROIC 30.9%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.2% YoY
- Profitable — makes more than it spends$988M TTM
- Profit growing — earnings are higher than last year+3.0% YoY
- Generates cash — cash left after running and investing$1.05B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$23.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.6% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 0.50%
- Valuation not extreme — price not wildly above earningsP/E 23.9
Peer comparisonVeralto Corporation vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| VLTO this company | $23.6B | 23.9 | +6.2% | 17.3% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: VLTO vs NVDA · VLTO vs AAPL · VLTO vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/VLTO
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of VLTO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $96.93 · market cap $23.6B.