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Veralto Corp. (VLTO)

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Veralto Corp. (VLTO) reported revenue of $1.4 billion for Q1 FY2026, the quarter ended 3 April 2026, up 6.8% on the same quarter a year earlier. Net income was $254 million, up 12.9% on the year, and diluted earnings per share $1.02. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2026.

Revenue$1.4 billionup 6.8%
Net income$254 millionup 12.9%
Diluted EPS$1.02
QuarterQ1 FY2026ended 3 April 2026

Ratios

From the filings

ROE32.2%
ROCE22.8%
Operating margin23.1%
Net margin17.3%
FCF margin18.6%
Interest cover13.90
Debt to equity0.89
Cash conversion1.14
Share count, 1 year-0.9%
Sales CAGR, 3 years4.2%
Profit CAGR, 3 years3.6%
EPS, TTM$3.88

At the close of 21 September 2026

Price$95.18
Market cap$23.4 billion
Stock P/E24.53
Price to book7.78
EV / EBITDA17.88
Dividend yieldn/a
Market cap / sales4.18
52-week high$107.14
52-week low$82.23
Price, 1 year-11.0%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Veralto Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 2 October 2023 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VLTO

Filings18 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 other events; 1 material agreement; 1 shareholder vote; 1 officer or director change
Planned insider sales7 Form 144 notices in twelve months, $4.7 million; latest 17 August 2026
Options tapeput/call 0.1 by open interest on 23 September 2026; the straddle prices a 5.2% move to 16 October 2026
Holders10 of the followed funds hold it; largest Geode Capital Management; 4 Schedule 13D or 13G filings in twelve months
Insider trading8 sales and 0 purchases on Form 4 in twelve months
Congress7 House trades disclosed in six months
Short interest5.7 million shares short, 3.78 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026
Revenue1,2531,2551,2881,2461,2881,3141,3451,3321,3711,4041,3961,422
Cost of revenue529532542499514531544527549560568568
Gross profit724723746747774783801805822844828854
Gross margin58%58%58%60%60%60%60%60%60%60%59%60%
R&D57.055.057.060.061.063.069.064.067.067.068.068.0
SG&A378395403394414412424419442451444448
Operating income289273286293299308308322313326316338
Operating margin23%22%22%24%23%23%23%24%23%23%23%24%
Interest expense0.05.025.028.030.027.028.027.028.021.020.024.0
Pre-tax income275268261250270286280289285306293321
Tax rate24%24%23%26%25%23%19%22%22%22%13%21%
Net income209205200184203219227225222239254254
Net margin17%16%16%15%16%17%17%17%16%17%18%18%
Diluted EPS$0.85$0.83$0.81$0.74$0.81$0.88$0.91$0.90$0.89$0.95$1.02$1.02
Operating cash flow301243263115251224285157339270311182
Capital expenditure12.011.022.013.011.09.022.015.016.012.020.012.0
Free cash flow289232241102240215263142323258291170
Buybacksn/an/an/an/an/an/an/a0.0n/an/an/a300
Dividends paid0.00.00.022.022.023.022.027.027.028.027.032.0
Shares outstanding247m246m246m247m247m247m247m248m248m248m248m246m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 5 fiscal years and the trailing twelve months

FY2021FY2022FY2023FY2024FY2025TTM
Revenue4,7004,8705,0215,1935,5035,593
Cost of revenue1,9872,1102,1202,0882,2042,245
Gross profit2,7132,7602,9013,1053,2993,348
Gross margin57.7%56.7%57.8%59.8%59.9%59.9%
Research and development244217225253266270
Selling, general and administrative1,4281,4311,5361,6441,7561,785
Operating income1,0411,1121,1401,2081,2771,293
Operating margin22.1%22.8%22.7%23.3%23.2%23.1%
Interest expense0.00.030.011396.093.0
Pre-tax income1,0471,1131,0961,0861,1731,205
Income tax186268257253233236
Effective tax rate17.8%24.1%23.4%23.3%19.9%19.6%
Net income861845839833940969
Net margin18.3%17.4%16.7%16.0%17.1%17.3%
Diluted EPS$3.50$3.43$3.40$3.34$3.76$3.88
Filing10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow8968709638751,0771,102
Capital expenditure54.034.054.055.063.060.0
Free cash flow8428369098201,0141,042
Free cash flow margin17.9%17.2%18.1%15.8%18.4%18.6%
Depreciation and amortisation10690.087.078.078.083.0
Share-based compensation34.041.055.065.074.074.0
Dividends paidn/a0.00.089.0109114
Diluted shares, weighted246m246m247m250m250m249m
Shares outstanding at period endn/a0m246m247m248m246m
Filing10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021FY2022FY2023FY2024FY2025TTM
Total assets4,8404,8255,6936,4067,6937,653
Cash and equivalents0.00.07621,1012,0311,431
Receivablesn/a816826812897922
Inventoryn/a345297288307332
Goodwill2,5022,4762,5332,6932,8383,042
Long-term debtn/a0.02,6292,5992,6732,662
Operating lease liabilitiesn/a91.0115129158n/a
Shareholders' equityn/a3,2351,3832,0383,1053,005
Filing10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a4.2%5.9%
Profit growth, compoundedn/an/a3.6%10.9%
Return on equity, averagen/a39.5%43.9%30.3%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Instruments For Meas & Testing Of Electricity & Elec Signals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Teradyne, Inc. TER$59.7 billion52.4133.5%30.2%57.9%0.000.1%
Veralto Corp. VLTO$23.4 billion24.5332.2%23.1%5.9%0.89n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q3 July 202629 July 2026EDGAR
10-Q3 April 202629 April 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q3 October 202529 October 2025EDGAR
10-Q4 July 202528 July 2025EDGAR
10-Q4 April 202530 April 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q27 September 202424 October 2024EDGAR
10-Q28 June 202426 July 2024EDGAR
10-Q29 March 202424 April 2024EDGAR

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