Loading…
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat, and other brands. This segment also provides water solutions, including chemical reagents, services, and software solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.5B | $1.3B | $940M | $1.0B | 30.3% | 6.0% | 12.8% |
| 2024 | $5.2B | $1.3B | $833M | $820M | 40.9% | 3.4% | -0.7% |
| 2023 | $5.0B | $1.2B | $839M | $909M | 60.7% | 3.1% | -0.7% |
| 2022 | $4.9B | $1.2B | $845M | $836M | 26.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,870 | 5,021 | 5,193 | 5,503 |
| Cost Of Revenue | 2,110 | 2,120 | 2,088 | 2,204 |
| Gross Profit | 2,760 | 2,901 | 3,105 | 3,299 |
| Operating Expense | 1,648 | 1,761 | 1,897 | 2,022 |
| Operating Income | 1,112 | 1,140 | 1,208 | 1,277 |
| EBITDA | 1,203 | 1,213 | 1,277 | 1,347 |
| EBIT | 1,113 | 1,126 | 1,199 | 1,269 |
| Pretax Income | 1,113 | 1,096 | 1,086 | 1,173 |
| Tax Provision | 268 | 257 | 253 | 233 |
| Net Income | 845 | 839 | 833 | 940 |
| Net Income Common Stockholders | 845 | 839 | 833 | 940 |
| Total Expenses | 3,758 | 3,881 | 3,985 | 4,226 |
| Interest Expense | 0 | 30 | 113 | 96 |
| Research And Development | 217 | 225 | 253 | 266 |
| Selling General And Administration | 1,431 | 1,536 | 1,644 | 1,756 |
| Normalized EBITDA | 1,203 | 1,228 | 1,287 | 1,357 |
| Normalized Income | 845 | 850.49 | 840.67 | 948.01 |
| Market Cap | 21,761.98 | 21,761.98 | 21,761.98 | 21,761.98 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Veralto Corporationthis co. | VLTO | $22.0B | 23.15↓ discount | 7.01 | 30.3% | 16.79 |
| Verisk Analytics, Inc. | VRSK | $24.8B | 25.61 | 75.29 | 293.9% | 15.57 |
| J.B. Hunt Transport Services, Inc. | JBHT | $23.5B | 39.31 | 6.60 | 16.8% | 15.76 |
| C.H. Robinson Worldwide, Inc. | CHRW | $22.0B | 36.98 | 11.76 | 31.8% | 25.56 |
| Equifax Inc. | EFX | $21.2B |
| 31.51 |
| 4.52 |
| 14.3% |
| 14.02 |
| Southwest Airlines Co. | LUV | $21.2B | 43.72 | 2.42 | 5.5% | 9.85 |
| Expeditors International of Washington, Inc. | EXPD | $20.0B | 24.22 | 8.33 | 34.4% | 17.02 |
| Snap-on Incorporated | SNA | $19.7B | 19.28 | 3.30 | 17.1% | 12.98 |
| Lennox International Inc. | LII | $17.3B | 21.21 | 14.70 | 69.3% | 16.29 |
| Peer Median | - | 28.56 | 7.46 | 24.5% | 15.67 | |