Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.3 Its shares trade on NYSE under the symbol VLTO.1Wikipedia text CC BY-SA 4.0
Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue897$5.5B in 2025+17% since 2021Gross profit897$3.3B in 2025+22% since 2021Operating income897$1.3B in 2025+23% since 2021Net income897$940.0M in 2025+9% since 2021
Revenue101112$1.4B in Q1 FY2026+4% since Q2 FY2025Gross profit101112$854.0M in Q1 FY2026+4% since Q2 FY2025Operating income101112$338.0M in Q1 FY2026+8% since Q2 FY2025Net income101112$254.0M in Q1 FY2026+14% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
Period ending
2025-12-31
2024-12-31
2023-12-31
Sales
$5.5B
$5.2B
$5.0B
Cost of sales
-$2.2B
-$2.1B
-$2.1B
Gross profit
$3.3B
$3.1B
$2.9B
Selling, general and administrative expenses
-$1.8B
-$1.6B
-$1.5B
Research and development expenses
-$266.0M
-$253.0M
-$225.0M
Operating profit
$1.3B
$1.2B
$1.1B
Other income (expense), net
-$8.0M
-$9.0M
-$14.0M
Interest expense, net
-$96.0M
-$113.0M
-$30.0M
Earnings before income taxes
$1.2B
$1.1B
$1.1B
Income taxes
-$233.0M
-$253.0M
-$257.0M
Net earnings
$940.0M
$833.0M
$839.0M
Basic (in usd per share)
$3.79
$3.37
$3.41
Diluted (in usd per share)
$3.76
$3.34
$3.40
Basic (in shares)
248.3M shares
247.3M shares
246.4M shares
Diluted (in shares)
250.3M shares
249.6M shares
246.8M shares
No quarter-by-quarter statement was filed.
Total assets897$7.7B in 2025+59% since 2021Shareholders’ equity897$3.1B in 2025−4% since 2022Cash897$2.0B in 2025Long-term debt897$2.0B in 2025
Total assets101112$7.7B in Q1 FY2026+7% since Q2 FY2025Shareholders’ equity101112$3.0B in Q1 FY2026+13% since Q2 FY2025Cash101112$1.4B in Q1 FY2026−8% since Q2 FY2025Long-term debt101112$2.0B in Q1 FY2026−27% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-10-31
Cash and cash equivalents
$2.0B
$1.1B
Trade accounts receivable, less allowance for credit losses of $36 and $37, respectively
$897.0M
$812.0M
Inventories
$307.0M
$288.0M
Prepaid expenses and other current assets
$197.0M
$186.0M
Total current assets
$3.4B
$2.4B
Property, plant and equipment, net
$294.0M
$268.0M
$262.0M
Other long-term assets
$605.0M
$523.0M
Goodwill
$2.8B
$2.7B
$2.5B
Other intangible assets, net
$524.0M
$535.0M
Total assets
$7.7B
$6.4B
$5.7B
Current portion of long-term debt
$700.0M
$0
Trade accounts payable
$416.0M
$395.0M
Accrued expenses and other liabilities
$940.0M
$850.0M
Total current liabilities
$2.1B
$1.2B
Other long-term liabilities
$558.0M
$517.0M
Long-term debt
$2.0B
$2.6B
Preferred stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates
$0
$0
Common stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 1.0 billion shares authorized as of both dates; and 248.4 million shares and 247.4 million shares issued and outstanding, respectively
$2.0M
$2.0M
Additional paid-in capital
$2.3B
$2.2B
Retained earnings
$1.7B
$917.0M
Accumulated other comprehensive loss
-$913.0M
-$1.1B
Total Veralto stockholders equity
$3.1B
$2.0B
Noncontrolling interests
$1.0M
$7.0M
Total stockholders equity
$3.1B
$2.0B
Total liabilities and stockholders equity
$7.7B
$6.4B
Trade accounts receivable, allowance
$36.0M
$37.0M
Preferred stock, par value (in usd per share)
$0.01
$0.01
Preferred stock, shares authorized (in shares)
15.0M shares
15.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in usd per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
1.0B shares
1.0B shares
Common stock, shares issued (in shares)
248.4M shares
247.4M shares
Common stock, shares outstanding (in shares)
248.4M shares
247.4M shares
246.3M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-10-31
Cash and cash equivalents
$2.0B
$1.1B
Trade accounts receivable, less allowance for credit losses of $36 and $37, respectively
$897.0M
$812.0M
Inventories
$307.0M
$288.0M
Prepaid expenses and other current assets
$197.0M
$186.0M
Total current assets
$3.4B
$2.4B
Property, plant and equipment, net
$294.0M
$268.0M
$262.0M
Other long-term assets
$605.0M
$523.0M
Goodwill
$2.8B
$2.7B
$2.5B
Other intangible assets, net
$524.0M
$535.0M
Total assets
$7.7B
$6.4B
$5.7B
Current portion of long-term debt
$700.0M
$0
Trade accounts payable
$416.0M
$395.0M
Accrued expenses and other liabilities
$940.0M
$850.0M
Total current liabilities
$2.1B
$1.2B
Other long-term liabilities
$558.0M
$517.0M
Long-term debt
$2.0B
$2.6B
Preferred stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates
$0
$0
Common stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 1.0 billion shares authorized as of both dates; and 248.4 million shares and 247.4 million shares issued and outstanding, respectively
$2.0M
$2.0M
Additional paid-in capital
$2.3B
$2.2B
Retained earnings
$1.7B
$917.0M
Accumulated other comprehensive loss
-$913.0M
-$1.1B
Total Veralto stockholders equity
$3.1B
$2.0B
Noncontrolling interests
$1.0M
$7.0M
Total stockholders equity
$3.1B
$2.0B
Total liabilities and stockholders equity
$7.7B
$6.4B
Trade accounts receivable, allowance
$36.0M
$37.0M
Preferred stock, par value (in usd per share)
$0.01
$0.01
Preferred stock, shares authorized (in shares)
15.0M shares
15.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in usd per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
1.0B shares
1.0B shares
Common stock, shares issued (in shares)
248.4M shares
247.4M shares
Common stock, shares outstanding (in shares)
248.4M shares
247.4M shares
246.3M shares
Cash from operations897$1.1B in 2025+20% since 2021Capital spending897$63.0M in 2025+17% since 2021Free cash flow897$1.0B in 2025+20% since 2021Dividends paid97$109.0M in 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
Period ending
2025-12-31
2024-12-31
2023-12-31
Net earnings
$940.0M
$833.0M
$839.0M
Depreciation
$42.0M
$40.0M
$39.0M
Amortization of intangible assets
$36.0M
$38.0M
$48.0M
Stock-based compensation expense
$74.0M
$65.0M
$55.0M
Loss on product line dispositions
$6.0M
$15.0M
$0
Impairments and other charges
$6.0M
$0
$15.0M
Change in deferred income taxes
-$49.0M
-$74.0M
-$25.0M
Change in trade accounts receivable, net
-$50.0M
$3.0M
$2.0M
Change in inventories
-$6.0M
$3.0M
$52.0M
Change in trade accounts payable
$8.0M
-$29.0M
-$1.0M
Change in prepaid expenses and other assets
-$40.0M
-$48.0M
-$54.0M
Change in accrued expenses and other liabilities
$110.0M
$29.0M
-$7.0M
Net cash provided by operating activities
$1.1B
$875.0M
$963.0M
Cash paid for acquisitions, net of cash acquired
$0
-$363.0M
$0
Payments for additions to property, plant and equipment
-$63.0M
-$55.0M
-$54.0M
All other investing activities
-$35.0M
-$16.0M
-$1.0M
Net cash used in investing activities
-$98.0M
-$434.0M
-$55.0M
Proceeds from issuance of common stock in connection with stock-based compensation
$22.0M
$24.0M
$4.0M
Net transfers to Former Parent
$0
$0
-$147.0M
Consideration paid to Former Parent in connection with Separation
$0
$0
-$2.6B
Payment of dividends
-$109.0M
-$89.0M
$0
Proceeds from borrowings (maturities longer than 90 days)
$0
$0
$2.6B
All other financing activities
-$15.0M
$0
$0
Net cash used in financing activities
-$102.0M
-$65.0M
-$135.0M
Effect of exchange rate changes on cash and cash equivalents
Veralto Corporation sits at the top of its group. 168 entities, 48 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Aquatic Informatics Australia Pty Ltd Subsidiary · Australia
Aquatic Informatics ULC Subsidiary · Canada
Aristotle Brazil Finance Limited Subsidiary · United Kingdom
ATTC Training Center Sdn Bhd Subsidiary · Malaysia
Biotector Analytical Systems Limited Subsidiary · Ireland
Blue Software (UK) Limited Subsidiary · United Kingdom
ChemTreat Mexico, S. de R.L. de C.V. Subsidiary · Mexico
ChemTreat Trinidad Limited Subsidiary · Trinidad and Tobago
ChemTreat Venezuela, C.A. Subsidiary · Venezuela
Clearmark Solutions Limited Subsidiary · United Kingdom
Colorware B.V. Subsidiary · Netherlands
CT Lux Finance Sarl Subsidiary · Luxembourg
CT Lux Holdings Sarl Subsidiary · Luxembourg
DHCDAN Australia Pty Ltd Subsidiary · Australia
and 142 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Veralto Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of December 31, 2025, the Company had facilities in approximately 50 countries, including approximately 60 principal administrative, sales, research and development, manufacturing and distribution facilities. 21 of these facilities are located in the United States in 12 states and 39 are located outside the United States, primarily in Europe and to a lesser extent in Latin America, Asia and Canada. Refer to the Consolidated and Combined Financial Statements included in this Annual Report for additional information with respect to the Company’s lease commitments.
Danaher Corporation completed the corporate spin-off of the company in September 2023, with each shareholder of Danaher receiving one share of Veralto common stock for every three shares of Danaher held as of 13 September.
In October 2024, the company acquired TraceGains, a cloud-based software platform used for compliance and reporting regulations for food and beverage safety and traceability, for $350 million.
In November 2024, Veralto invested $15 million in Axine Water Technologies.
In February 2025, the company acquired Aquafides, which produces ultraviolet water treatment systems, for $20 million.
In July 2025, Veralto made a $20 million investment in Emerald Technology Ventures, a venture capital fund.
Oct 23, 2024Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
302 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 27 major events, 176 insider forms, 15 large holders, 72 other. The latest 20:
34 open-market trades by officers, directors and large owners since October 2021: 1 buys and 33 sales. Grants, option exercises and gifts are left out.
Steven RalesSC 13G/A, 2 filings Oct 10, 2023 to Feb 14, 202453
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Veralto Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).13
Risk factors and legal proceedings
The risks Veralto Corporation names in Item 1A of its 10-K filed Feb 20, 2026: 28 risks under these headings, as written.13
Business and Strategic Risks
Conditions in the global economy, including military conflicts, the particular markets we serve and the financial markets can adversely affect our business and financial statements.
The U.S. government has imposed and may continue to impose significant tariffs or other restrictions on foreign imports, and such trade restrictions or related countermeasures taken by impacted foreign countries could negatively affect our business and financial statements.
We face intense competition and if we are unable to compete effectively, we may experience decreased demand and decreased market share. Even if we compete effectively, we may be required to reduce the prices we charge.
Our growth depends in part on the timely development and commercialization, and customer acceptance, of new and enhanced products and services based on technological innovation.
Uncertainties with respect to the development, deployment, and use of artificial intelligence in our business and products may result in harm to our business and financial statements.
Non-U.S. economic, political, legal, compliance, social and business factors can negatively affect our business and financial statements.
Our growth can suffer if the markets into which we sell our products and services decline, do not grow as anticipated or experience cyclicality.
Acquisition, Divestiture and Investment Risks
Any inability to consummate acquisitions at our historical rate and at appropriate prices, and to make appropriate investments that support our long-term strategy, could negatively impact our business.
Our acquisition or divestiture of businesses, investments, joint ventures and other strategic relationships can negatively impact our business and financial statements.
Operational Risks
The other 19 risks
Significant disruptions in, or breaches in security of, our information technology systems or data or violation of data privacy laws can adversely affect our business and financial statements.
Defects, unanticipated use or inadequate disclosure with respect to our products or services, or allegations thereof, can adversely affect our business and financial statements.
If we suffer loss to our facilities, supply chains, distribution systems or information technology systems due to catastrophe or other events, our operations could be seriously harmed.
Climate change and sustainability matters, legal or regulatory measures to address climate change and sustainability matters, and any inability on our part to address related stakeholder expectations may negatively affect us.
Our financial results are subject to fluctuations in the cost and availability of the supplies that we use in and the labor we need for our operations.
Our success depends on our ability to recruit, retain and motivate talented employees representing diverse backgrounds, experiences and skill sets.
Our restructuring actions can have long-term adverse effects on our business and financial statements.
Intellectual Property Risks
If we are unable to adequately protect our intellectual property, or if third parties infringe our intellectual property rights, we may suffer competitive injury or expend significant resources enforcing our rights. These risks are particularly pronounced in countries in which we do business that do not have levels of protection of intellectual property comparable to the United States.
Third parties from time to time claim that we are infringing or misappropriating their intellectual property rights and we could suffer significant litigation expenses, losses or licensing expenses or be prevented from selling products or services.
Financial and Tax Risks
We have incurred a significant amount of debt, and our debt may continue to increase. Our existing and future indebtedness may limit our operations and our use of our cash flow and negatively impact our credit ratings; and any failure to comply with the covenants that apply to our indebtedness could adversely affect our business and financial statements.
We may be required to recognize impairment charges for our goodwill and other intangible assets.
Foreign currency exchange rates can adversely affect our financial statements.
Changes in our tax rates or exposure to additional income tax liabilities or assessments can affect our profitability. In addition, audits by tax authorities can result in additional tax payments for prior periods.
Changes in tax law relating to multinational corporations could adversely affect our tax position.
Legal, Regulatory, Compliance and Reputational Risks
Our businesses are subject to extensive regulation; failure to comply with those regulations could adversely affect our business and financial statements.
We are subject to or otherwise responsible for a variety of litigation and other legal and regulatory proceedings in the course of our business that can adversely affect our business and financial statements.
Our operations, products and services expose us to the risk of environmental, health and safety liabilities, costs and violations that could adversely affect our business and financial statements.
Certain provisions in Veralto’s certificate of incorporation and bylaws, and of Delaware law, may prevent or delay an acquisition of Veralto, which could decrease the trading price of Veralto’s common stock.
The forum selection provisions under Veralto’s certificate of incorporation could discourage lawsuits against Veralto and Veralto’s directors, officers, employees and stockholders.
Legal proceedings
For information regarding legal proceedings, refer to the section titled “Legal Proceedings” in MD&A.
Consistent with SEC Regulation S-K Item 103, we have elected to disclose those environmental proceedings (if any) with a governmental entity as a party where the Company reasonably believes such proceeding would result in monetary sanctions, exclusive of interest and costs, of $1 million or more.
