Vontier (VNT) FY2025 results: revenue $3.1 billion, up 3.2% on the year
Vontier Corp. (VNT) reported revenue of $3.1 billion for fiscal 2025, the year ended 31 December 2025, up 3.2% on the year before. Net income was $406 million, down 3.8%, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 9 new.
- Fourth-quarter sales rose on core growth: Fourth-quarter sales were $808.5 million, up 4.1%, with core sales up 5.1%, led by convenience retail solutions including fueling and environmental systems, payment technologies and car wash.
- Quarterly EPS rose year over year: Fourth-quarter GAAP net earnings were $123.5 million and adjusted net earnings were $125.2 million; diluted EPS was $0.85 GAAP and $0.86 adjusted, against $0.80 adjusted a year earlier.
- Environmental and Fueling margin rose: Environmental and Fueling Solutions sales were $387.5 million, up 5.4%, and segment margin was 29.5%, up 90 basis points.
- Mobility margin fell on Invenco reserve: Mobility Technologies sales were $302.6 million, up 9.3%. Segment margin was 18.5%, down 220 basis points, as a one-time reserve adjustment at Invenco more than offset simplification and R&D gains.
- Adjusted operating margin declined: Adjusted operating profit margin was 21.3%, down 70 basis points. GAAP operating profit margin was 18.9%, down about 30 basis points.
From this 10-K
Vontier is an industrial technology company serving three end markets: convenience retail, fleet solutions and auto repair. Its customers include retail and commercial fueling operators, convenience store operators, car wash operators, electric vehicle charging network operators, fleet owners and operators and commercial vehicle repair businesses. It was incorporated in Delaware in 2019 and separated from Fortive Corporation as an independent public company on October 9, 2020. It is headquartered in Raleigh, North Carolina, operates in approximately 25 countries, and reports three segments: Mobility Technologies, Repair Solutions and Environmental & Fueling Solutions.
The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025
Income statement (profit and loss)
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 3,076 | 2,979 | 3,095 | +3.2% | |
| Cost of revenue | 1,625 | 1,555 | 1,664 | +4.5% | |
| Gross profit | 1,451 | 1,424 | 1,431 | +1.9% | |
| Gross margin | 47.2% | 47.8% | 46.2% | ||
| Research and development | 176 | 178 | 164 | -1.1% | |
| Selling, general and administrative | 639 | 630 | 643 | +1.5% | |
| Operating income | 562 | 537 | 543 | +4.6% | |
| Operating margin | 18.3% | 18.0% | 17.6% | ||
| Interest expense | 59.8 | 74.7 | 94.7 | -19.9% | |
| Pre-tax income | 508 | 498 | 484 | +2.1% | |
| Income tax | 102 | 75.4 | 107 | +35.4% | |
| Effective tax rate | 20.1% | 15.2% | 22.0% | ||
| Net income | 406 | 422 | 377 | -3.8% | |
| Net margin | 13.2% | 14.2% | 12.2% | ||
| Diluted EPS | $2.76 | $2.75 | $2.42 | +0.4% |
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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
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 511 | 428 | 455 | +19.5% | |
| Capital expenditure | 69.9 | 82.7 | 60.1 | -15.5% | |
| Free cash flow | 441 | 345 | 395 | +27.9% | |
| Free cash flow margin | 14.3% | 11.6% | 12.8% | ||
| Cash from investing | -20.7 | -11.4 | 69.3 | ||
| Cash from financing | -371 | -392 | -388 | ||
| Depreciation and amortisation | 51.1 | 47.4 | 43.8 | +7.8% | |
| Share-based compensation | 30.1 | 31.6 | 31.5 | -4.7% | |
| Buybacks | 300 | 225 | 74.7 | +33.6% | |
| Dividends paid | 14.7 | 15.2 | 15.5 | -3.3% | |
| Dividend per share | $0.10 | $0.10 | $0.10 | 0.0% | |
| Diluted shares, weighted | 147m | 154m | 156m | -4.2% | |
| Shares outstanding at period end | 142m | 149m | 154m | -4.8% |
Balance sheet
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 1,244 | 1,051 | 890 | +18.4% | |
| Non-controlling interest | 7.0 | 8.8 | 5.2 | -20.5% | |
| Short-term borrowings | 2.4 | n/a | n/a | ||
| Debt | 2,094 | 2,142 | 2,289 | -2.2% | |
| Operating lease liabilities | 24.8 | 36.6 | 37.1 | -32.2% | |
| Other liabilities | 996 | 1,072 | 1,072 | -7.1% | |
| Total liabilities and equity | 4,369 | 4,310 | 4,294 | +1.4% | |
| Fixed assets | 130 | 120 | 102 | +7.7% | |
| Goodwill | 1,758 | 1,726 | 1,742 | +1.8% | |
| Intangible assets | 412 | 486 | 568 | -15.2% | |
| Cash and equivalents | 492 | 356 | 341 | +38.1% | |
| Receivables | 527 | 526 | 498 | +0.2% | |
| Inventory | 326 | 338 | 297 | -3.3% | |
| Other assets | 723 | 758 | 746 | -4.5% | |
| Total assets | 4,369 | 4,310 | 4,294 | +1.4% |
10-K for the year ended 31 December 2025, filed 12 February 2026: the filing.