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Veralto share price today

Veralto Corporation · VLTO · Industrials · Pollution & Treatment Controls · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Veralto share price: $117.01 at the close on 4 November 2026, +18.7% in a year.

Getting betterBusiness trend from the last 12 quarters
$117.01Price +18.7% in a year
28.9×P/E higher than 63% of the last 3.1 years
$1.5 BRevenue (Jul 2026) +7.5% on a year ago
$241 MProfit (Jul 2026) +8.6% on a year ago
21.4%Operating margin −1.4 points on a year ago
30%ROE FY25
23.2%ROIC against a 7.4% cost of capital: +15.8 points

Veralto Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been stalling near its high for 15 weeks, and the P/E is higher than 63% of its own last 3.1 years. Over the last four quarters, results have been improving, with profit +8.6% on a year earlier, and 112% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.

What is the Veralto share price today?

Veralto Corporation's share price was $117.01 at the close on 4 November 2026. It has been stalling near its high for 15 weeks. That is 25.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $82 and $117, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Veralto Corporation is in stage 3. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 5 weeks in a row.

1Y

Nov 2026: $117.01, 25.6% above its 200-day average. The price has been stalling near its high for 15 weeks.

  • Price $117.01
  • 50-day avg $99.25
  • 200-day avg $93.19
Nov 2026: $117.01, 25.6% above its 200-day average. The price has been stalling near its high for 15 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025$98.68$105.01$100.93
7 Nov 2025$98.61$104.18$100.83
14 Nov 2025$98.78$103.42$100.71
21 Nov 2025$98.98$102.51$100.66
28 Nov 2025$101.22$102.04$100.69
5 Dec 2025$102.16$101.67$100.79
12 Dec 2025$98.71$100.96$100.77
19 Dec 2025$100.59$100.48$100.79
26 Dec 2025$101.75$100.51$100.87
2 Jan 2026$98.50$100.29$100.93
9 Jan 2026$102.73$99.97$100.99
16 Jan 2026$102.67$100.26$101.12
23 Jan 2026$101.31$100.47$101.30
30 Jan 2026$98.98$100.63$101.57
6 Feb 2026$90.57$100.25$101.70
13 Feb 2026$92.54$99.37$101.73
20 Feb 2026$93.08$98.70$101.69
27 Feb 2026$97.43$98.35$101.64
6 Mar 2026$94.33$97.83$101.50
13 Mar 2026$90.20$96.78$101.26
20 Mar 2026$88.63$95.84$100.99
27 Mar 2026$85.03$94.31$100.67
2 Apr 2026$88.01$93.14$100.46
10 Apr 2026$89.50$92.01$100.25
17 Apr 2026$90.98$91.39$100.01
24 Apr 2026$88.62$91.08$99.67
1 May 2026$87.63$90.54$99.31
8 May 2026$86.84$89.88$98.94
15 May 2026$84.83$88.86$98.49
22 May 2026$86.80$88.28$98.00
29 May 2026$82.23$87.76$97.52
5 Jun 2026$86.05$87.37$96.93
12 Jun 2026$83.36$87.09$96.33
18 Jun 2026$84.02$86.63$95.87
26 Jun 2026$89.74$86.17$95.38
2 Jul 2026$92.55$86.14$95.02
10 Jul 2026$92.70$86.60$94.66
17 Jul 2026$93.81$87.04$94.36
24 Jul 2026$92.02$87.49$93.98
31 Jul 2026$94.17$88.51$93.81
7 Aug 2026$98.34$89.62$93.67
14 Aug 2026$97.68$91.03$93.50
21 Aug 2026$98.77$92.37$93.46
28 Aug 2026$98.56$93.93$93.45
4 Sep 2026$96.31$95.15$93.43
11 Sep 2026$94.10$95.57$93.36
18 Sep 2026$94.49$95.88$93.22
25 Sep 2026$97.14$96.22$93.07
2 Oct 2026$94.68$96.56$92.99
9 Oct 2026$96.93$96.63$92.88
16 Oct 2026$101.04$97.02$92.84
23 Oct 2026$104.33$97.51$92.91
30 Oct 2026$111.10$98.20$92.98
4 Nov 2026$117.01$99.25$93.19
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $117.01, 25.6% above its 200-day average. The price has been stalling near its high for 15 weeks.

  • Price $117.01
  • 50-day avg $99.25
  • 200-day avg $93.19
Nov 2026: $117.01, 25.6% above its 200-day average. The price has been stalling near its high for 15 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023$70.80––
10 Nov 2023$70.55––
17 Nov 2023$70.99––
24 Nov 2023$74.01––
1 Dec 2023$76.51––
8 Dec 2023$75.43$73.20–
15 Dec 2023$78.85$73.02–
22 Dec 2023$81.64$73.65–
29 Dec 2023$82.26$74.40–
5 Jan 2024$76.90$74.97–
12 Jan 2024$75.76$75.70–
19 Jan 2024$77.55$76.24–
26 Jan 2024$76.99$76.95–
2 Feb 2024$76.84$77.48–
9 Feb 2024$82.13$78.14–
16 Feb 2024$86.09$79.01–
23 Feb 2024$86.71$79.83–
1 Mar 2024$86.76$80.64–
8 Mar 2024$89.26$81.34–
15 Mar 2024$86.50$82.01–
22 Mar 2024$89.46$83.16–
28 Mar 2024$88.66$84.26–
5 Apr 2024$87.09$85.19–
12 Apr 2024$87.37$86.26–
19 Apr 2024$88.89$87.47–
26 Apr 2024$94.12$88.49–
3 May 2024$95.89$89.34–
10 May 2024$96.50$90.32–
17 May 2024$98.60$91.27–
24 May 2024$102.19$92.41–
31 May 2024$98.58$93.37–
7 Jun 2024$99.22$94.39–
14 Jun 2024$100.75$95.71–
21 Jun 2024$98.87$96.69–
28 Jun 2024$95.47$97.57–
5 Jul 2024$95.60$97.93–
12 Jul 2024$98.76$98.22–
19 Jul 2024$98.46$98.50$85.29
26 Jul 2024$104.87$98.93$85.90
2 Aug 2024$104.84$99.66$86.70
9 Aug 2024$106.10$100.09$87.53
16 Aug 2024$108.72$100.95$88.48
23 Aug 2024$111.78$101.98$89.51
30 Aug 2024$112.43$103.06$90.54
6 Sep 2024$108.72$103.93$91.29
13 Sep 2024$110.02$105.32$92.21
20 Sep 2024$109.47$106.64$93.05
27 Sep 2024$110.30$107.87$93.93
4 Oct 2024$112.02$109.05$94.74
11 Oct 2024$113.13$109.67$95.50
18 Oct 2024$113.60$110.53$96.29
25 Oct 2024$104.05$110.68$97.10
1 Nov 2024$101.59$110.00$97.78
8 Nov 2024$105.55$109.24$98.43
15 Nov 2024$102.68$108.57$99.09
22 Nov 2024$106.41$108.11$99.74
29 Nov 2024$108.19$108.03$100.24
6 Dec 2024$106.53$107.63$100.76
13 Dec 2024$104.22$107.10$101.23
20 Dec 2024$104.25$106.19$101.60
27 Dec 2024$103.12$105.42$101.89
3 Jan 2025$100.80$104.49$102.17
10 Jan 2025$100.10$104.10$102.41
17 Jan 2025$102.94$104.10$102.76
24 Jan 2025$101.75$103.99$103.07
31 Jan 2025$103.39$103.95$103.45
7 Feb 2025$98.81$103.37$103.67
14 Feb 2025$97.99$102.53$103.81
21 Feb 2025$98.15$101.83$103.88
28 Feb 2025$99.76$101.24$103.96
7 Mar 2025$100.12$100.86$104.00
14 Mar 2025$97.95$100.28$103.92
21 Mar 2025$97.77$100.00$103.90
28 Mar 2025$96.04$99.59$103.84
4 Apr 2025$88.82$98.80$103.71
11 Apr 2025$89.62$97.33$103.42
17 Apr 2025$89.54$96.50$103.28
25 Apr 2025$92.31$95.58$103.16
2 May 2025$95.53$95.18$103.06
9 May 2025$97.06$94.85$103.00
16 May 2025$101.70$95.00$102.93
23 May 2025$100.46$95.35$102.84
30 May 2025$101.03$95.56$102.74
6 Jun 2025$100.27$95.76$102.52
13 Jun 2025$97.32$95.89$102.23
20 Jun 2025$96.73$96.56$101.94
27 Jun 2025$101.07$97.58$101.70
3 Jul 2025$103.75$98.68$101.56
11 Jul 2025$101.93$99.73$101.39
18 Jul 2025$103.34$100.40$101.17
25 Jul 2025$103.28$100.84$100.95
1 Aug 2025$104.75$101.18$100.76
8 Aug 2025$107.70$101.82$100.62
15 Aug 2025$107.27$102.60$100.59
22 Aug 2025$109.15$103.47$100.73
29 Aug 2025$106.19$104.39$100.80
5 Sep 2025$105.71$104.93$100.84
12 Sep 2025$109.03$105.48$100.91
19 Sep 2025$106.90$105.89$100.89
26 Sep 2025$104.63$106.24$100.86
3 Oct 2025$107.14$106.61$100.87
10 Oct 2025$101.87$106.56$100.90
17 Oct 2025$102.76$106.09$100.87
24 Oct 2025$104.65$105.69$100.95
31 Oct 2025$98.68$105.01$100.93
7 Nov 2025$98.61$104.18$100.83
14 Nov 2025$98.78$103.42$100.71
21 Nov 2025$98.98$102.51$100.66
28 Nov 2025$101.22$102.04$100.69
5 Dec 2025$102.16$101.67$100.79
12 Dec 2025$98.71$100.96$100.77
19 Dec 2025$100.59$100.48$100.79
26 Dec 2025$101.75$100.51$100.87
2 Jan 2026$98.50$100.29$100.93
9 Jan 2026$102.73$99.97$100.99
16 Jan 2026$102.67$100.26$101.12
23 Jan 2026$101.31$100.47$101.30
30 Jan 2026$98.98$100.63$101.57
6 Feb 2026$90.57$100.25$101.70
13 Feb 2026$92.54$99.37$101.73
20 Feb 2026$93.08$98.70$101.69
27 Feb 2026$97.43$98.35$101.64
6 Mar 2026$94.33$97.83$101.50
13 Mar 2026$90.20$96.78$101.26
20 Mar 2026$88.63$95.84$100.99
27 Mar 2026$85.03$94.31$100.67
2 Apr 2026$88.01$93.14$100.46
10 Apr 2026$89.50$92.01$100.25
17 Apr 2026$90.98$91.39$100.01
24 Apr 2026$88.62$91.08$99.67
1 May 2026$87.63$90.54$99.31
8 May 2026$86.84$89.88$98.94
15 May 2026$84.83$88.86$98.49
22 May 2026$86.80$88.28$98.00
29 May 2026$82.23$87.76$97.52
5 Jun 2026$86.05$87.37$96.93
12 Jun 2026$83.36$87.09$96.33
18 Jun 2026$84.02$86.63$95.87
26 Jun 2026$89.74$86.17$95.38
2 Jul 2026$92.55$86.14$95.02
10 Jul 2026$92.70$86.60$94.66
17 Jul 2026$93.81$87.04$94.36
24 Jul 2026$92.02$87.49$93.98
31 Jul 2026$94.17$88.51$93.81
7 Aug 2026$98.34$89.62$93.67
14 Aug 2026$97.68$91.03$93.50
21 Aug 2026$98.77$92.37$93.46
28 Aug 2026$98.56$93.93$93.45
4 Sep 2026$96.31$95.15$93.43
11 Sep 2026$94.10$95.57$93.36
18 Sep 2026$94.49$95.88$93.22
25 Sep 2026$97.14$96.22$93.07
2 Oct 2026$94.68$96.56$92.99
9 Oct 2026$96.93$96.63$92.88
16 Oct 2026$101.04$97.02$92.84
23 Oct 2026$104.33$97.51$92.91
30 Oct 2026$111.10$98.20$92.98
4 Nov 2026$117.01$99.25$93.19
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Falling from Oct 2025 to Jan 2026; Sideways in Jan 2026; Sideways from Jan 2026 to Apr 2026; Falling from Apr 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Price stage: Sideways from Feb 2025 to Jun 2025; Sideways from Jul 2025 to Oct 2025; Falling from Oct 2025 to Jan 2026; Sideways in Jan 2026; Sideways from Jan 2026 to Apr 2026; Falling from Apr 2026 to Jul 2026; Sideways from Jul 2026 to Nov 2026.

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?

Ahead in 57 of 150 weeks

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
29 Sep 2023no S&P 500 reading
6 Oct 2023no S&P 500 reading
13 Oct 2023no S&P 500 reading
20 Oct 2023no S&P 500 reading
27 Oct 2023no S&P 500 reading
3 Nov 2023no S&P 500 reading
10 Nov 2023no S&P 500 reading
17 Nov 2023no S&P 500 reading
24 Nov 2023no S&P 500 reading
1 Dec 2023no S&P 500 reading
8 Dec 2023no S&P 500 reading
15 Dec 2023no S&P 500 reading
22 Dec 2023no S&P 500 reading
29 Dec 2023−13.9%
5 Jan 2024−10.3%
12 Jan 2024−5.0%
19 Jan 2024−3.6%
26 Jan 2024−5.4%
2 Feb 2024−5.2%
9 Feb 2024+2.7%
16 Feb 2024+10.5%
23 Feb 2024+5.6%
1 Mar 2024+1.7%
8 Mar 2024+7.1%
15 Mar 2024+1.1%
22 Mar 2024−0.5%
28 Mar 2024−2.3%
5 Apr 2024+2.5%
12 Apr 2024+8.2%
19 Apr 2024+12.0%
26 Apr 2024+18.0%
3 May 2024+21.4%
10 May 2024+13.6%
17 May 2024+8.5%
24 May 2024+13.6%
31 May 2024+10.8%
7 Jun 2024+6.8%
14 Jun 2024+10.0%
21 Jun 2024+6.0%
28 Jun 2024+3.6%
5 Jul 2024+2.8%
12 Jul 2024+3.4%
19 Jul 2024−0.1%
26 Jul 2024+4.3%
2 Aug 2024+5.1%
9 Aug 2024+7.6%
16 Aug 2024+5.6%
23 Aug 2024+3.2%
30 Aug 2024+7.2%
6 Sep 2024+8.4%
13 Sep 2024+5.7%
20 Sep 2024+6.4%
27 Sep 2024+10.5%
4 Oct 2024+13.9%
11 Oct 2024+11.1%
18 Oct 2024+8.9%
25 Oct 2024−7.1%
1 Nov 2024−10.3%
8 Nov 2024−12.8%
15 Nov 2024−11.2%
22 Nov 2024−10.7%
29 Nov 2024−10.7%
6 Dec 2024−14.5%
13 Dec 2024−12.8%
20 Dec 2024−8.8%
27 Dec 2024−10.6%
3 Jan 2025−13.3%
10 Jan 2025−11.7%
17 Jan 2025−11.6%
24 Jan 2025−7.2%
31 Jan 2025−3.6%
7 Feb 2025−6.8%
14 Feb 2025−8.7%
21 Feb 2025−8.5%
28 Feb 2025−6.4%
7 Mar 2025−0.8%
14 Mar 2025+0.8%
21 Mar 2025−1.6%
28 Mar 2025−0.3%
4 Apr 2025+2.8%
11 Apr 2025−2.5%
17 Apr 2025−1.1%
25 Apr 2025+0.2%
2 May 2025−1.8%
9 May 2025+4.3%
16 May 2025+6.3%
23 May 2025+5.8%
30 May 2025+2.1%
6 Jun 2025−3.9%
13 Jun 2025−6.7%
20 Jun 2025−6.4%
27 Jun 2025−5.4%
3 Jul 2025−7.0%
11 Jul 2025−3.1%
18 Jul 2025−3.8%
25 Jul 2025−3.8%
1 Aug 2025+0.0%
8 Aug 2025−1.9%
15 Aug 2025−2.8%
22 Aug 2025−2.8%
29 Aug 2025−4.3%
5 Sep 2025−2.6%
12 Sep 2025+1.9%
19 Sep 2025−1.2%
26 Sep 2025−4.1%
3 Oct 2025−3.7%
10 Oct 2025−4.8%
17 Oct 2025−6.4%
24 Oct 2025−5.0%
31 Oct 2025−15.5%
7 Nov 2025−13.7%
14 Nov 2025−12.3%
21 Nov 2025−11.4%
28 Nov 2025−10.6%
5 Dec 2025−9.3%
12 Dec 2025−13.2%
19 Dec 2025−8.4%
26 Dec 2025−7.1%
2 Jan 2026−10.2%
9 Jan 2026−5.4%
16 Jan 2026−4.2%
23 Jan 2026−5.0%
30 Jan 2026−1.1%
6 Feb 2026−11.1%
13 Feb 2026−7.8%
20 Feb 2026−10.6%
27 Feb 2026−4.1%
6 Mar 2026−5.7%
13 Mar 2026−5.8%
20 Mar 2026−7.2%
27 Mar 2026−8.3%
2 Apr 2026−6.6%
10 Apr 2026−10.8%
17 Apr 2026−14.1%
24 Apr 2026−16.1%
1 May 2026−15.6%
8 May 2026−10.9%
15 May 2026−16.8%
22 May 2026−14.9%
29 May 2026−25.9%
5 Jun 2026−18.5%
12 Jun 2026−19.6%
18 Jun 2026−20.3%
26 Jun 2026−9.4%
2 Jul 2026−8.4%
10 Jul 2026−7.5%
17 Jul 2026−1.6%
24 Jul 2026+0.3%
31 Jul 2026+3.8%
7 Aug 2026+8.4%
14 Aug 2026+10.1%
21 Aug 2026+11.1%
28 Aug 2026+18.2%
4 Sep 2026+7.5%
11 Sep 2026+9.8%
18 Sep 2026+10.5%
25 Sep 2026+2.4%
2 Oct 2026−1.0%
9 Oct 2026+1.4%
16 Oct 2026+5.0%
23 Oct 2026+10.5%
30 Oct 2026+16.8%
4 Nov 2026+19.8%
Each bar is one week, from 2023 to now (150 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3.1 years the share price moved +38% while the S&P 500 moved +79%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Veralto pay?

Veralto Corporation paid $0.50 per share over the last four reported quarters. The most recent declaration was $0.13 for Jul 2026. At today's price of $117.01 that is a yield of 0.43%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dividend per share each quarter: latest $0.13 (Jul 2026)

  • Dividend per share $0.13
Dividend per share each quarter: latest $0.13 (Jul 2026)
QuarterDividend per share
Dec 2023$0.09
Mar 2024$0.09
Jun 2024$0.09
Sep 2024$0.09
Dec 2024$0.11
Apr 2025$0.11
Jul 2025$0.11
Oct 2025$0.11
Dec 2025$0.13
Apr 2026$0.13
Jul 2026$0.13
Declared dividend per share, $ a share, each reported quarter. 11 quarters on file.

Which stock lists is Veralto on?

Veralto is on one of our US lists: S&P 500 companies.

Is Veralto profitable?

Veralto Corporation earned $241 M of net profit in the Jul 2026 quarter, +8.6% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY25 profit was $940 M. Over 4 years profit has grown 2.2% a year on average. That is 16.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned $222 M.

For the full year, FY25 profit was $940 M (+12.8% on the year before).

FY25 profit $940 M (+12.8% on the year before), 2.2% a year over 4 years

  • Net profit $940 M
FY25 profit $940 M (+12.8% on the year before), 2.2% a year over 4 years
QuarterNet profit
FY21$861 M
FY22$845 M
FY23$839 M
FY24$833 M
FY25$940 M

Growth on a year earlier

  • Growth on a year earlier 12.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−1.9%
FY23−0.7%
FY24−0.7%
FY2512.8%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jul 2026: $241 M (+8.6% on a year earlier), the 8th quarter in a row of growth

  • Net profit (quarterly) $241 M
Jul 2026: $241 M (+8.6% on a year earlier), the 8th quarter in a row of growth
QuarterNet profit (quarterly)
Sep 2023$205 M
Dec 2023$200 M
Mar 2024$184 M
Jun 2024$203 M
Sep 2024$219 M
Dec 2024$227 M
Apr 2025$225 M
Jul 2025$222 M
Oct 2025$239 M
Dec 2025$254 M
Apr 2026$254 M
Jul 2026$241 M

Growth on a year earlier

  • Growth on a year earlier 8.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−6%
Dec 2023−7.4%
Mar 2024−18.2%
Jun 2024−2.9%
Sep 20246.8%
Dec 202413.5%
Apr 202522.3%
Jul 20259.4%
Oct 20259.1%
Dec 202511.9%
Apr 202612.9%
Jul 20268.6%
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +7.5% on a year earlier and the margin moved −1.4 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +10.6% and revenue +6.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

How much revenue does Veralto make, and is it growing?

Veralto Corporation reported $1.5 B of revenue in the Jul 2026 quarter, +7.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 4.0% a year on average. The last full year, FY25, came in at $5.5 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $5.7 B.

FY25 revenue was $5.5 B, +6.0% on the year before.

FY25 revenue $5.5 B (+6.0% on the year before), 4.0% a year over 4 years

  • Revenue $5.5 B
FY25 revenue $5.5 B (+6.0% on the year before), 4.0% a year over 4 years
QuarterRevenue
FY21$4.7 B
FY22$4.9 B
FY23$5.0 B
FY24$5.2 B
FY25$5.5 B

Growth on a year earlier

  • Growth on a year earlier 6%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY223.6%
FY233.1%
FY243.4%
FY256%
Top: revenue each year, $ B. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jul 2026: $1.5 B (+7.5% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) $1.5 B
Jul 2026: $1.5 B (+7.5% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$1.3 B
Dec 2023$1.3 B
Mar 2024$1.2 B
Jun 2024$1.3 B
Sep 2024$1.3 B
Dec 2024$1.3 B
Apr 2025$1.3 B
Jul 2025$1.4 B
Oct 2025$1.4 B
Dec 2025$1.4 B
Apr 2026$1.4 B
Jul 2026$1.5 B

Growth on a year earlier

  • Growth on a year earlier 7.5%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20233%
Dec 20233.2%
Mar 20241.7%
Jun 20242.8%
Sep 20244.7%
Dec 20244.4%
Apr 20256.9%
Jul 20256.4%
Oct 20256.8%
Dec 20253.8%
Apr 20266.8%
Jul 20267.5%
Top: revenue each quarter, $ B. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +6.2% on average, against 4.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +6.2%, against +5.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +10.6%, against +11.7% a year (stabilising).

How much of every $100 of sales does Veralto keep?

Veralto Corporation's operating margin was 21.4% in the Jul 2026 quarter, 1.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 22.1% and 23.3%. The latest quarter is below every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.4 percentage points on the year while gross margin changed +1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY25: 23.2%, within a range of 22.1% to 23.3% over 5 years

  • Operating margin 23.2%
FY25: 23.2%, within a range of 22.1% to 23.3% over 5 years
QuarterOperating margin
FY2122.1%
FY2223%
FY2323%
FY2423.3%
FY2523.2%

Change on the year before (points)

  • Change on the year before (points) −0.1 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+0.9 pts
FY230.0 pts
FY24+0.3 pts
FY25−0.1 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jul 2026: operating margin 21.4% (−1.4 points on a year earlier)

  • Operating margin 21.4%
Jul 2026: operating margin 21.4% (−1.4 points on a year earlier)
QuarterOperating margin
Sep 202321.8%
Dec 202323.2%
Mar 202423.5%
Jun 202423.2%
Sep 202423.4%
Dec 202422.9%
Apr 202524.2%
Jul 202522.8%
Oct 202523.2%
Dec 202522.7%
Apr 202623.8%
Jul 202621.4%

Change on a year earlier (points)

  • Change on a year earlier (points) −1.4 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−1.6 pts
Dec 2023−0.4 pts
Mar 2024−0.3 pts
Jun 2024−0.3 pts
Sep 2024+1.6 pts
Dec 2024−0.3 pts
Apr 2025+0.7 pts
Jul 2025−0.4 pts
Oct 2025−0.2 pts
Dec 2025−0.2 pts
Apr 2026−0.4 pts
Jul 2026−1.4 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Veralto's profit turning into cash?

Over the last 3 years, 112% of Veralto Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.1 B of operating cash against $940 M of profit. After $63.0 M of spending on assets, $1.0 B was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $1.1 B against profit $940 M; 112% of 3 years' profit came in as cash

  • Operating cash $1.1 B
  • Net profit $940 M
  • Free cash $1.0 B
FY25: operating cash $1.1 B against profit $940 M; 112% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$896 M$861 M$842 M
FY22$870 M$845 M$836 M
FY23$963 M$839 M$909 M
FY24$875 M$833 M$820 M
FY25$1.1 B$940 M$1.0 B
Operating cash flow and net profit each year, $ B. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jul 2026: operating cash $340 M = 141% of the quarter's profit

  • Operating cash (quarterly) $340 M
Jul 2026: operating cash $340 M = 141% of the quarter's profit
QuarterOperating cash (quarterly)
Sep 2023$243 M
Dec 2023$263 M
Mar 2024$115 M
Jun 2024$251 M
Sep 2024$224 M
Dec 2024$285 M
Apr 2025$157 M
Jul 2025$339 M
Oct 2025$270 M
Dec 2025$311 M
Apr 2026$182 M
Jul 2026$340 M

Operating cash as % of profit

  • Operating cash as % of profit 141%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023119%
Dec 2023132%
Mar 202463%
Jun 2024124%
Sep 2024102%
Dec 2024126%
Apr 202570%
Jul 2025153%
Oct 2025113%
Dec 2025122%
Apr 202672%
Jul 2026141%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Veralto's cash go?

Veralto Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $172 M on assets over the last 3 years. Averaged over those years that is 1.0% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $172 M over the last 3 years.

FY25: capex $63.0 M, steady spending

  • Capex $63.0 M
FY25: capex $63.0 M, steady spending
QuarterCapex
FY21$54.0 M
FY22$34.0 M
FY23$54.0 M
FY24$55.0 M
FY25$63.0 M
Capital spending each year, $ M.

Jul 2026: capex $12.0 M in the quarter

  • Capex (quarterly) $12.0 M
Jul 2026: capex $12.0 M in the quarter
QuarterCapex (quarterly)
Sep 2023$11.0 M
Dec 2023$22.0 M
Mar 2024$13.0 M
Jun 2024$11.0 M
Sep 2024$9.0 M
Dec 2024$22.0 M
Apr 2025$15.0 M
Jul 2025$16.0 M
Oct 2025$12.0 M
Dec 2025$20.0 M
Apr 2026$12.0 M
Jul 2026$12.0 M

Free cash

  • Free cash $328 M
Free cash
QuarterFree cash
Sep 2023$232 M
Dec 2023$241 M
Mar 2024$102 M
Jun 2024$240 M
Sep 2024$215 M
Dec 2024$263 M
Apr 2025$142 M
Jul 2025$323 M
Oct 2025$258 M
Dec 2025$291 M
Apr 2026$170 M
Jul 2026$328 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Veralto's P/E ratio, and how does it compare with its own history?

Veralto Corporation's P/E is 28.9×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 27.3×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 28.9× against a usual 27.3×: in the middle of its own history: higher than 63% of past readings

  • P/E 29.5×
  • Median 27.3×
P/E 28.9× against a usual 27.3×: in the middle of its own history: higher than 63% of past readings
WeekP/EMedian
29 Sep 202324.4×27.3×
6 Oct 202322.5×27.3×
13 Oct 202320.7×27.3×
20 Oct 202320.2×27.3×
27 Oct 202319.6×27.3×
3 Nov 202320.4×27.3×
10 Nov 202320.4×27.3×
17 Nov 202320.5×27.3×
24 Nov 202321.4×27.3×
1 Dec 202322.1×27.3×
8 Dec 202321.8×27.3×
15 Dec 202322.8×27.3×
22 Dec 202323.6×27.3×
29 Dec 202323.7×27.3×
5 Jan 202422.6×27.3×
12 Jan 202422.3×27.3×
19 Jan 202422.8×27.3×
26 Jan 202422.6×27.3×
2 Feb 202422.6×27.3×
9 Feb 202424.2×27.3×
16 Feb 202425.3×27.3×
23 Feb 202425.5×27.3×
1 Mar 202425.5×27.3×
8 Mar 202426.3×27.3×
15 Mar 202425.4×27.3×
22 Mar 202426.3×27.3×
28 Mar 202426.1×27.3×
5 Apr 202427.0×27.3×
12 Apr 202427.1×27.3×
19 Apr 202427.5×27.3×
26 Apr 202429.1×27.3×
3 May 202429.7×27.3×
10 May 202429.9×27.3×
17 May 202430.5×27.3×
24 May 202431.6×27.3×
31 May 202430.5×27.3×
7 Jun 202430.7×27.3×
14 Jun 202431.2×27.3×
21 Jun 202430.6×27.3×
28 Jun 202429.9×27.3×
5 Jul 202430.0×27.3×
12 Jul 202430.9×27.3×
19 Jul 202430.9×27.3×
26 Jul 202432.9×27.3×
2 Aug 202432.9×27.3×
9 Aug 202433.3×27.3×
16 Aug 202434.1×27.3×
23 Aug 202434.9×27.3×
30 Aug 202434.9×27.3×
6 Sep 202434.1×27.3×
13 Sep 202434.5×27.3×
20 Sep 202434.3×27.3×
27 Sep 202434.0×27.3×
4 Oct 202434.6×27.3×
11 Oct 202434.9×27.3×
18 Oct 202434.9×27.3×
25 Oct 202432.1×27.3×
1 Nov 202431.4×27.3×
8 Nov 202432.6×27.3×
15 Nov 202431.7×27.3×
22 Nov 202432.8×27.3×
29 Nov 202433.4×27.3×
6 Dec 202432.9×27.3×
13 Dec 202432.2×27.3×
20 Dec 202432.2×27.3×
27 Dec 202431.8×27.3×
3 Jan 202530.2×27.3×
10 Jan 202530.0×27.3×
17 Jan 202530.8×27.3×
24 Jan 202530.5×27.3×
31 Jan 202531.0×27.3×
7 Feb 202529.6×27.3×
14 Feb 202529.4×27.3×
21 Feb 202529.4×27.3×
28 Feb 202529.9×27.3×
7 Mar 202530.0×27.3×
14 Mar 202529.3×27.3×
21 Mar 202529.3×27.3×
28 Mar 202528.8×27.3×
4 Apr 202525.4×27.3×
11 Apr 202525.6×27.3×
17 Apr 202525.6×27.3×
25 Apr 202526.4×27.3×
2 May 202527.3×27.3×
9 May 202527.7×27.3×
16 May 202529.1×27.3×
23 May 202528.7×27.3×
30 May 202528.9×27.3×
6 Jun 202528.7×27.3×
13 Jun 202527.8×27.3×
20 Jun 202527.6×27.3×
27 Jun 202528.9×27.3×
3 Jul 202529.6×27.3×
11 Jul 202528.5×27.3×
18 Jul 202528.9×27.3×
25 Jul 202528.9×27.3×
1 Aug 202529.3×27.3×
8 Aug 202530.1×27.3×
15 Aug 202530.0×27.3×
22 Aug 202530.5×27.3×
29 Aug 202529.7×27.3×
5 Sep 202529.5×27.3×
12 Sep 202530.5×27.3×
19 Sep 202529.9×27.3×
26 Sep 202529.2×27.3×
3 Oct 202529.4×27.3×
10 Oct 202527.9×27.3×
17 Oct 202528.2×27.3×
24 Oct 202528.7×27.3×
31 Oct 202527.0×27.3×
7 Nov 202527.0×27.3×
14 Nov 202527.1×27.3×
21 Nov 202527.1×27.3×
28 Nov 202527.7×27.3×
5 Dec 202528.0×27.3×
12 Dec 202527.1×27.3×
19 Dec 202527.6×27.3×
26 Dec 202527.9×27.3×
2 Jan 202626.2×27.3×
9 Jan 202627.3×27.3×
16 Jan 202627.3×27.3×
23 Jan 202626.9×27.3×
30 Jan 202626.3×27.3×
6 Feb 202624.1×27.3×
13 Feb 202624.6×27.3×
20 Feb 202624.8×27.3×
27 Feb 202625.9×27.3×
6 Mar 202625.1×27.3×
13 Mar 202624.0×27.3×
20 Mar 202623.6×27.3×
27 Mar 202622.6×27.3×
2 Apr 202623.4×27.3×
10 Apr 202623.1×27.3×
17 Apr 202623.4×27.3×
24 Apr 202622.8×27.3×
1 May 202622.6×27.3×
8 May 202622.4×27.3×
15 May 202621.9×27.3×
22 May 202622.4×27.3×
29 May 202621.2×27.3×
5 Jun 202622.2×27.3×
12 Jun 202621.5×27.3×
18 Jun 202621.6×27.3×
26 Jun 202623.1×27.3×
2 Jul 202623.9×27.3×
10 Jul 202623.4×27.3×
17 Jul 202623.6×27.3×
24 Jul 202623.2×27.3×
31 Jul 202623.7×27.3×
7 Aug 202624.8×27.3×
14 Aug 202624.6×27.3×
21 Aug 202624.9×27.3×
28 Aug 202624.8×27.3×
4 Sep 202624.3×27.3×
11 Sep 202623.7×27.3×
18 Sep 202623.8×27.3×
25 Sep 202624.5×27.3×
2 Oct 202623.9×27.3×
9 Oct 202624.4×27.3×
16 Oct 202625.4×27.3×
23 Oct 202626.3×27.3×
30 Oct 202628.0×27.3×
4 Nov 202629.5×27.3×

Earnings per share, 12 months

  • Earnings per share, 12 months $3.97
Earnings per share, 12 months
WeekEarnings per share, 12 months
29 Sep 2023$3.46
6 Oct 2023$3.46
13 Oct 2023$3.46
20 Oct 2023$3.46
27 Oct 2023$3.46
3 Nov 2023$3.46
10 Nov 2023$3.46
17 Nov 2023$3.46
24 Nov 2023$3.46
1 Dec 2023$3.46
8 Dec 2023$3.46
15 Dec 2023$3.46
22 Dec 2023$3.46
29 Dec 2023$3.46
5 Jan 2024$3.46
12 Jan 2024$3.46
19 Jan 2024$3.46
26 Jan 2024$3.46
2 Feb 2024$3.46
9 Feb 2024$3.46
16 Feb 2024$3.46
23 Feb 2024$3.46
1 Mar 2024$3.46
8 Mar 2024$3.46
15 Mar 2024$3.46
22 Mar 2024$3.46
28 Mar 2024$3.40
5 Apr 2024$3.40
12 Apr 2024$3.40
19 Apr 2024$3.40
26 Apr 2024$3.40
3 May 2024$3.40
10 May 2024$3.40
17 May 2024$3.40
24 May 2024$3.40
31 May 2024$3.40
7 Jun 2024$3.40
14 Jun 2024$3.40
21 Jun 2024$3.40
28 Jun 2024$3.19
5 Jul 2024$3.19
12 Jul 2024$3.19
19 Jul 2024$3.19
26 Jul 2024$3.19
2 Aug 2024$3.19
9 Aug 2024$3.19
16 Aug 2024$3.19
23 Aug 2024$3.19
30 Aug 2024$3.19
6 Sep 2024$3.19
13 Sep 2024$3.19
20 Sep 2024$3.19
27 Sep 2024$3.24
4 Oct 2024$3.24
11 Oct 2024$3.24
18 Oct 2024$3.24
25 Oct 2024$3.24
1 Nov 2024$3.24
8 Nov 2024$3.24
15 Nov 2024$3.24
22 Nov 2024$3.24
29 Nov 2024$3.24
6 Dec 2024$3.24
13 Dec 2024$3.24
20 Dec 2024$3.24
27 Dec 2024$3.24
3 Jan 2025$3.24
10 Jan 2025$3.24
17 Jan 2025$3.24
24 Jan 2025$3.24
31 Jan 2025$3.24
7 Feb 2025$3.24
14 Feb 2025$3.24
21 Feb 2025$3.24
28 Feb 2025$3.24
7 Mar 2025$3.24
14 Mar 2025$3.24
21 Mar 2025$3.24
28 Mar 2025$3.34
4 Apr 2025$3.34
11 Apr 2025$3.34
17 Apr 2025$3.34
25 Apr 2025$3.34
2 May 2025$3.34
9 May 2025$3.34
16 May 2025$3.34
23 May 2025$3.34
30 May 2025$3.34
6 Jun 2025$3.34
13 Jun 2025$3.34
20 Jun 2025$3.34
27 Jun 2025$3.50
3 Jul 2025$3.50
11 Jul 2025$3.50
18 Jul 2025$3.50
25 Jul 2025$3.50
1 Aug 2025$3.50
8 Aug 2025$3.50
15 Aug 2025$3.50
22 Aug 2025$3.50
29 Aug 2025$3.50
5 Sep 2025$3.50
12 Sep 2025$3.50
19 Sep 2025$3.50
26 Sep 2025$3.58
3 Oct 2025$3.58
10 Oct 2025$3.58
17 Oct 2025$3.58
24 Oct 2025$3.58
31 Oct 2025$3.58
7 Nov 2025$3.58
14 Nov 2025$3.58
21 Nov 2025$3.58
28 Nov 2025$3.58
5 Dec 2025$3.58
12 Dec 2025$3.58
19 Dec 2025$3.58
26 Dec 2025$3.65
2 Jan 2026$3.65
9 Jan 2026$3.65
16 Jan 2026$3.65
23 Jan 2026$3.65
30 Jan 2026$3.65
6 Feb 2026$3.65
13 Feb 2026$3.65
20 Feb 2026$3.65
27 Feb 2026$3.65
6 Mar 2026$3.65
13 Mar 2026$3.65
20 Mar 2026$3.65
27 Mar 2026$3.76
2 Apr 2026$3.76
10 Apr 2026$3.76
17 Apr 2026$3.76
24 Apr 2026$3.76
1 May 2026$3.76
8 May 2026$3.76
15 May 2026$3.76
22 May 2026$3.76
29 May 2026$3.76
5 Jun 2026$3.76
12 Jun 2026$3.76
18 Jun 2026$3.76
26 Jun 2026$3.88
2 Jul 2026$3.88
10 Jul 2026$3.88
17 Jul 2026$3.88
24 Jul 2026$3.88
31 Jul 2026$3.88
7 Aug 2026$3.88
14 Aug 2026$3.88
21 Aug 2026$3.88
28 Aug 2026$3.88
4 Sep 2026$3.88
11 Sep 2026$3.88
18 Sep 2026$3.88
25 Sep 2026$3.97
2 Oct 2026$3.97
9 Oct 2026$3.97
16 Oct 2026$3.97
23 Oct 2026$3.97
30 Oct 2026$3.97
4 Nov 2026$3.97
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 3.1 years of history; short peaks above 35× are drawn at the top edge.

PEG 2.26 at the Jul 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 2.26×
  • PEG = 1.0 1.00×
PEG 2.26 at the Jul 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Mar 20244.87×1.00×
Jun 20244.36×1.00×
Sep 20244.47×1.00×
Dec 20244.02×1.00×
Apr 20253.38×1.00×
Jul 20254.10×1.00×
Oct 20253.38×1.00×
Dec 20252.92×1.00×
Apr 20262.33×1.00×
Jul 20262.26×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 10 quarters.
28.9×P/E · higher than 63% of its last 3.1 years
2.51PEG · today, derived from 3-year earnings growth

Why the multiple is where it is: over the past year earnings per share moved +12.6% while the price moved +18.7%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +18.2% a year; about +4.6% a year came from earnings growth and about +13.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Is the Veralto business getting better or worse?

Veralto Corporation's business is getting better. Profit growth hit its low 8 quarters ago at −8.8% and has recovered to +10.6%, with ROCE falling at 20.9%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +6.0% in FY25, profit +12.8%

  • Revenue growth 6.0%
Growth year by year: revenue +6.0% in FY25, profit +12.8%
QuarterRevenue growth
FY21–
FY223.6%
FY233.1%
FY243.4%
FY256%

Profit growth, EPS growth

  • Profit growth 12.8%
  • EPS growth 12.6%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22−1.9%−1.9%
FY23−0.7%−0.9%
FY24−0.7%−1.8%
FY2512.8%12.6%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue stabilising, profit stabilising

  • Revenue 6.2%
Three growth lines over twelve quarters: revenue stabilising, profit stabilising
QuarterRevenue
Sep 2023–
Dec 20233.1%
Mar 20242.4%
Jun 20242.7%
Sep 20243.1%
Dec 20243.4%
Apr 20254.7%
Jul 20255.6%
Oct 20256.2%
Dec 20256%
Apr 20265.9%
Jul 20266.2%

Profit, EPS

  • Profit 10.6%
  • EPS 10.9%
Profit, EPS
QuarterProfitEPS
Sep 2023––
Dec 2023−0.7%–
Mar 2024−10.3%–
Jun 2024−8.8%−9.4%
Sep 2024−5.7%−6.5%
Dec 2024−0.7%−1.8%
Apr 20259.5%8.4%
Jul 202512.8%12.2%
Oct 202513.3%12.6%
Dec 202512.8%12.6%
Apr 202610.9%10.9%
Jul 202610.6%10.9%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 20.9%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 202328%
Dec 202328.5%
Mar 202427.7%
Jun 202427.4%
Sep 202426.2%
Dec 202425.2%
Apr 202524.7%
Jul 202523.6%
Oct 202524.3%
Dec 202523.7%
Apr 202623.2%
Jul 202620.9%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +6.2%, range +2.4% to +6.2%
FlatProfit growth · latest +10.6%, range −10.3% to +13.3%
FlatEPS growth · latest +10.9%, range −9.4% to +12.6%
Turning downROCE · latest 20.9%, range 20.9% to 28.5%

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+6.0%+4.2%——
Profit+12.8%+3.6%——
EPS+12.6%+3.1%——
Stock price+18.7%+18.2%——
+7.5%Revenue growth (Jul 2026) · latest quarter against a year ago
+8.6%Profit growth (Jul 2026) · latest quarter against a year ago
4.0%Revenue, 4 years · yearly growth over the long run

How much does Veralto earn on its capital?

Veralto Corporation earned a ROE of 30% in FY25. That is up from a low of 26% in FY22. Its return on capital used (ROIC) is 15.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 17.1% net margin and 0.72× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 17.1% net margin × 0.72× asset turnover × 2.48× leverage (assets divided by equity) ≈ 30.5% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 23.2% − 7.4% = +15.8 percentage points. The 7.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.

The 23.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 26.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY25: ROE 30%, the climb back from FY22's 26%

  • ROE 30.3%
  • ROIC (annual) 26.7%
  • Cost of capital 7.4%
FY25: ROE 30%, the climb back from FY22's 26%
QuarterROEROIC (annual)Cost of capital
FY2126.9%25.6%7.4%
FY2226.1%25.4%7.4%
FY2360.4%26.1%7.4%
FY2440.7%26.1%7.4%
FY2530.3%26.7%7.4%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 7.4% cost of capital used on this page.

Jul 2026: ROIC 26.0% (last 12 months) against a 7.4% cost of capital

  • ROIC (12 months) 26.0%
  • ROE (12 months) 33.2%
  • Cost of capital 7.4%
Jul 2026: ROIC 26.0% (last 12 months) against a 7.4% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023–25.2%7.4%
Dec 2023–37.9%7.4%
Mar 202426.1%65.8%7.4%
Jun 202425.8%51.2%7.4%
Sep 202425.9%51.4%7.4%
Dec 202426.5%48.2%7.4%
Apr 202526.6%45.3%7.4%
Jul 202526.9%41.3%7.4%
Oct 202526.5%35.7%7.4%
Dec 202526.1%34.7%7.4%
Apr 202626.2%34.1%7.4%
Jul 202626%33.2%7.4%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Veralto have too much debt?

Veralto Corporation has total debt of $3.6 B against shareholder equity of $3.1 B as of Jul 2026, so its debt is 1.16× its equity. Year by year, that ratio went from 0.04 in FY21 to 0.93 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $2.9 B, 0.93× equity

  • Total debt $2.9 B
FY25: debt $2.9 B, 0.93× equity
QuarterTotal debt
FY21$135 M
FY22$123 M
FY23$2.8 B
FY24$2.8 B
FY25$2.9 B

Debt-to-equity

  • Debt-to-equity 0.93×
Debt-to-equity
QuarterDebt-to-equity
FY210.04×
FY220.04×
FY232.00×
FY241.35×
FY250.93×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 5-year window.

Jul 2026: debt $3.6 B, debt-to-equity 1.16

  • Total debt (quarterly) $3.6 B
Jul 2026: debt $3.6 B, debt-to-equity 1.16
QuarterTotal debt (quarterly)
Sep 2023$2.7 B
Dec 2023$2.8 B
Mar 2024$2.8 B
Jun 2024$2.8 B
Sep 2024$2.8 B
Dec 2024$2.8 B
Apr 2025$2.8 B
Jul 2025$2.9 B
Oct 2025$2.9 B
Dec 2025$2.9 B
Apr 2026$2.9 B
Jul 2026$3.6 B

Debt-to-equity

  • Debt-to-equity 1.16×
Debt-to-equity
QuarterDebt-to-equity
Sep 20232.62×
Dec 20232.00×
Mar 20241.87×
Jun 20241.66×
Sep 20241.44×
Dec 20241.35×
Apr 20251.22×
Jul 20251.08×
Oct 20251.01×
Dec 20250.93×
Apr 20260.96×
Jul 20261.16×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the Veralto shareholding pattern?

2.5% of Veralto Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

2.5%Short interest · of the tradable float
3.3Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Veralto from balance-sheet trouble?

For Veralto Corporation, the Z-score is 4.66. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 4.66 is well clear of the danger zone, so the balance sheet is not the risk here.

How does Veralto rank in its industry?

68.5 out of 100, rank 2 of 7 in Pollution & Treatment Controls, with 56% of the evidence available.

Veralto Corporation scores 68.5 out of 100 against the 7 companies it is compared with in Pollution & Treatment Controls, ranking 2. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 17.3 + 20.9 + 10.3 + 20 = 68.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Veralto compared with?

Veralto ranks 2 of 7 Pollution & Treatment Controls companies on the 4-Factor Sector Score, with 68.5 out of 100.

  1. 1Zurn Elkay Water Solutions CorporationZWS · quiet · Most evidence points up · 81% evidence70.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.9/35 · Revenue 10.6% · Profit 57.7% · Operating margin change 13.7 points · 83% evidenceCapital efficiency 18.0/25 · ROCE 15.4% · Operating margin 31.4% · 76% evidenceValuation 11.8/20 · P/E 30.5× · PEG 1.28 · 65% evidenceRelative strength 14.9/20 · Lead over its industry 8.4% · Lead over S&P 500 -11.8% · 1 year -4.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 25.9 + 18 + 11.8 + 14.9 = 70.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Veralto Corporation this pageVLTO · breaking out · Too little evidence to rank firmly · 56% evidence68.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.3/35 · Revenue — · Profit — · Operating margin change -1.4 points · 39% evidenceCapital efficiency 20.9/25 · ROCE 19.9% · Operating margin 21.4% · 76% evidenceValuation 10.3/20 · P/E 23× · PEG — · 15% evidenceRelative strength 20.0/20 · Lead over its industry 41.3% · Lead over S&P 500 15.6% · 1 year 18.7% · 100% evidence · 9 of 12 weeks aheadExact sum: 17.3 + 20.9 + 10.3 + 20 = 68.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  3. 3Energy Recovery, Inc.ERII · basing · Evidence leans down · 81% evidence36.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 5.7/35 · Revenue -14.8% · Profit -30.4% · Operating margin change -47.2 points · 83% evidenceCapital efficiency 11.2/25 · ROCE 11% · Operating margin -41.9% · 76% evidenceValuation 10.4/20 · P/E 31.1× · PEG 1.44 · 65% evidenceRelative strength 8.9/20 · Lead over its industry -21.2% · Lead over S&P 500 -35.9% · 1 year -48.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 5.7 + 11.2 + 10.4 + 8.9 = 36.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4CECO Environmental Corp.CECO · quiet · Most evidence points down · 71% evidence34.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.9/35 · Revenue 37.6% · Profit -158.5% · Operating margin change -4.9 points · 83% evidenceCapital efficiency 11.1/25 · ROCE 1.8% · Operating margin 4.9% · 76% evidenceValuation 8.5/20 · P/E 42.6× · PEG — · 15% evidenceRelative strength 3.4/20 · Lead over its industry -22.4% · Lead over S&P 500 -37.6% · 1 year -14.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 11.9 + 11.1 + 8.5 + 3.4 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5PureCycle Technologies, Inc.PCT · quiet · Too little evidence to rank firmly · 56% evidence34.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.4/35 · Revenue — · Profit — · Operating margin change 1847.4 points · 39% evidenceCapital efficiency 6.3/25 · ROCE -18.4% · Operating margin -916.1% · 76% evidenceValuation 10.9/20 · P/E -6.4× · PEG — · 15% evidenceRelative strength 0.0/20 · Lead over its industry -56.8% · Lead over S&P 500 -65.5% · 1 year -73.5% · 100% evidence · 0 of 12 weeks aheadExact sum: 17.4 + 6.3 + 10.9 + 0 = 34.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  6. 6Aduro Clean Technologies Inc.ADUR · quiet · Too little evidence to rank firmly · 50% evidence45.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.6/35 · Revenue — · Profit — · Operating margin change 3610.8 points · 32% evidenceCapital efficiency 6.5/25 · ROCE -22% · Operating margin — · 61% evidenceValuation 11.5/20 · P/E -35.6× · PEG — · 15% evidenceRelative strength 6.2/20 · Lead over its industry -9.5% · Lead over S&P 500 -27.2% · 1 year -19.8% · 100% evidence · 1 of 12 weeks aheadExact sum: 21.6 + 6.5 + 11.5 + 6.2 = 45.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  7. 7CleanCore Solutions, Inc.ZONE · Too little evidence to rank firmly · 41% evidence40.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.0/43.75 · Revenue 100% · Profit — · Operating margin change -279.9 points · 62% evidenceCapital efficiency 4.4/31.25 · ROCE -104.6% · Operating margin -686.2% · 76% evidenceValuation 12.5/25 · P/E — · PEG — · 0% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 24 + 4.4 + 12.5 = 40.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Pollution & Treatment Controls, all 7 compared on one page.

Which companies are close to Veralto in size?

Veralto is the largest of 5 Pollution & Treatment Controls companies on Sector Alpha by market value (scores of 4 November 2026). It is the largest. Just below it: Zurn Elkay Water Solutions Corporation, CECO Environmental Corp., Energy Recovery, Inc. and Aduro Clean Technologies Inc.

Pollution & Treatment Controls companies close in size

  1. Veralto Corporation $28.5 billion
  2. Zurn Elkay Water Solutions Corporation $7.5 billion
  3. CECO Environmental Corp. $2.7 billion
  4. Energy Recovery, Inc. $366 million
  5. Aduro Clean Technologies Inc. $355 million

All 5 Pollution & Treatment Controls companies, largest first

Companies close in size in other industries

  1. Credicorp Ltd. $28.5 billion · Banks - Regional
  2. West Pharmaceutical Services, Inc. $28.5 billion · Medical Instruments & Supplies
  3. Veralto Corporation $28.5 billion
  4. Pembina Pipeline Corporation $28.3 billion · Oil & Gas Midstream
  5. Dover Corporation $28.3 billion · Specialty Industrial Machinery

What else do people ask about Veralto?

What were Veralto's latest quarterly results?

Veralto Corporation reported revenue of $1.5 B and net profit of $241 M for the Jul 2026 quarter. Revenue rose 7.5% and profit rose 8.6% compared with a year earlier. Earnings per share were $0.98.

The operating margin was 21.4%, 1.4 percentage points lower than a year earlier (as of 4 November 2026).

What is Veralto's market cap?

Veralto Corporation's market capitalisation is $28.5 B at a stock price of $117.01. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Veralto performing?

Veralto Corporation's share price has been stalling near its high for 15 weeks. In its latest quarter, revenue rose 7.5% and profit rose 8.6% compared with a year earlier.

Over the past 13 weeks it has done better than the S&P 500, for 5 weeks running (as of 4 November 2026).

Will Veralto's stock price go up?

This page does not forecast Veralto Corporation's stock price. What it shows instead: the stock price is $117.01, and it has been stalling near its high for 15 weeks. Its P/E of 28.9× is higher than 63% of its own last 3 years (as of 4 November 2026).

Does Veralto have too much debt?

Veralto Corporation has a moderate amount of debt: its debt is 0.97× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Veralto in its business cycle?

Veralto Corporation's FY25 operating margin was 23.2%, against a 5-year range of 22.1% to 23.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 21.4%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Veralto story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Veralto a stock worth studying right now?

What the numbers show: Veralto Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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