Veralto

Industrials Environmental & Facilities Services Waltham, Massachusetts Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$5.5B
                    3y CAGR +4.2%
                    
                    P40
                    
                    +6.0%
                    
                    Net income
                    FY2025
                
$940.0M
                    Net margin +17.1%
                    
                    P76
                    
                    +12.8%
                    
                    Total assets
                    FY2025
                
$7.7B
                    ROA +12.2%
                    
                    P74
                    
                    +20.1%
                    
                    Operating cash flow
                    FY2025
                
$1.1B
                    FCF margin +18.4%
                    
                    P85
                    
                    +23.1%

5 yrs · FY2021–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $7.7B

Total liabilities ~$4.6B

Shareholders equity $3.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	26.4%	17.2%	13.4%	0.0%	—
Accounts Receivable	11.7%	12.7%	14.5%	16.9%	—
Inventory	4.0%	4.5%	5.2%	7.2%	—
Prepaid Expenses	2.6%	2.9%	3.3%	2.5%	—
Total Current Assets	44.6%	37.3%	36.4%	26.5%	—
Property,Plant and Equipment	3.8%	4.2%	4.6%	5.1%	—
Goodwill	36.9%	42.0%	44.5%	51.3%	—
Intangible Assets	6.8%	8.4%	7.5%	9.9%	—
Other Noncurrent Assets	7.9%	8.2%	7.0%	7.1%	—
Total Assets	100.0%	100.0%	100.0%	100.0%	—
Liabilities
Accounts Payable	5.4%	6.2%	7.6%	9.1%	—
Accrued Liabilities	12.2%	13.3%	14.6%	14.2%	—
Current Portion of Long Term Debt	9.1%	0.0%	—	—	—
Total Current Liabilities	26.7%	19.4%	22.2%	23.3%	—
Long Term Debt	25.6%	40.6%	46.2%	0.0%	—
Other Noncurrent Liabilities	7.3%	8.1%	7.2%	9.6%	—
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	—
Common Stock	0.0%	0.0%	0.0%	0.0%	—
Additional Paid In Capital	29.5%	34.2%	37.9%	0.0%	—
Retained Earnings	22.7%	14.3%	3.1%	0.0%	—
Accumulated Other Comprehensive Income	-11.9%	-16.7%	-16.8%	-19.8%	—
Total Stockholders Equity	40.4%	31.8%	24.3%	67.0%	—
Noncontrolling Interest	0.0%	0.1%	0.1%	0.1%	—
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $5.5B

Operating income $1.3B

Net income $940.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	71.5%	81.1%	88.2%	100.9%	—
Expenses Cost of Revenue	28.6%	32.6%	37.2%	43.7%	—
Other Income Expense Gross Profit	42.9%	48.5%	51.0%	57.2%	—
Expenses Research and Development	3.5%	3.9%	4.0%	4.5%	—
Expenses Selling,General and Administrative	22.8%	25.7%	27.0%	29.7%	—
Other Income Expense Operating Income	16.6%	18.9%	20.0%	23.0%	—
Other Income Expense Interest Expense	1.2%	1.8%	0.5%	0.0%	—
Other Income Expense Other Income/expense	-0.1%	-0.1%	-0.2%	0.0%	—
Other Income Expense Income Before Tax	15.2%	17.0%	19.3%	23.1%	—
Income Tax Income Tax Expense	3.0%	3.9%	4.5%	5.6%	—
net Income net Income	12.2%	13.0%	14.7%	17.5%	—
net Income Comprehensive Income	14.3%	11.2%	14.7%	16.1%	—
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	—
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	—
Earnings Per Share Weighted Average Shares Diluted	3.3%	3.9%	4.3%	5.1%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $1.1B

Investing cash flow $-98.0M

Financing cash flow $-102.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	12.2%	13.0%	14.7%	17.5%	—
Operating Activities Depreciation and Amortization	1.0%	1.2%	1.5%	1.9%	—
Operating Activities Stock Based Compensation	1.0%	1.0%	1.0%	0.8%	—
Operating Activities Deferred Income Taxes	-0.6%	-1.2%	-0.4%	-0.9%	—
Operating Activities Changes In Operating Assets and Liabilities	0.3%	-0.7%	-0.1%	-1.3%	—
Operating Activities Other Non Cash Items	0.2%	0.2%	0.3%	0.0%	—
Operating Activities net Cash From Operating Activities	14.0%	13.7%	16.9%	18.0%	—
Investing Activities Capital Expenditures	-0.8%	-0.9%	-0.9%	-0.7%	—
Investing Activities Business Acquisitions	0.0%	-5.7%	0.0%	-1.1%	—
Investing Activities Other Investing Activities	-0.5%	-0.2%	-0.0%	0.0%	—
Investing Activities net Cash From Investing Activities	-1.3%	-6.8%	-1.0%	-1.8%	—
Financing Activities Proceeds From Debt	0.0%	0.0%	45.8%	0.0%	—
Financing Activities Dividends Paid	-1.4%	-1.4%	0.0%	0.0%	—
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	0.1%	0.0%	—
Financing Activities Other Financing Activities	-0.2%	0.0%	-48.3%	-16.2%	—
Financing Activities net Cash From Financing Activities	-1.3%	-1.0%	-2.4%	-16.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	0.7%	-0.6%	-0.2%	0.0%	—
Cash Reconciliation net Change In Cash	12.1%	5.3%	13.4%	0.0%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+59.9%	+59.8%	+57.8%	+56.7%	+57.7%
Operating margin	+23.2%	+23.3%	+22.7%	+22.8%	+22.1%
Net margin	+17.1%	+16.0%	+16.7%	+17.4%	+18.3%
FCF margin	+18.4%	+15.8%	+18.1%	+17.2%	+17.9%
Growth
Revenue CAGR (3y)	+4.2%	+3.4%	—	—	—
Returns
ROE	+30.3%	+40.9%	+60.7%	+26.1%	—
ROA	+12.2%	+13.0%	+14.7%	+17.5%	—
ROIC	+27.3%	+26.2%	+26.9%	+26.1%	—
Liquidity
Current ratio	1.67x	1.92x	1.64x	1.14x	—
Quick ratio	1.42x	1.54x	1.26x	0.73x	—
Leverage
D/E	1.48x	2.14x	3.12x	0.49x	—
Interest coverage	13.30x	10.69x	38.00x	—	—
Efficiency
Asset turnover	0.72x	0.81x	0.88x	1.01x	—
Cash conversion cycle	+41d	+38d	+37d	+45d	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Veralto

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history