Veralto Corporation
- Open
- 98.51
- Day high
- 99.22
- Day low
- 97.83
- Prev close
- 97.21
- Volume
- 161K
- Mkt cap
- $24.1B
- P/E (TTM)
- 24.7
- EPS (TTM)
- $3.99
- P/B
- 7.8
- P/S
- 4.2
- Yield
- 0.26%
- Per share
- $0.26
- ▼Insiders net selling -$1.5M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Veralto Corporation (VLTO) is a Industrials company listed on NYSE. The stock is down 7% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering VLTO.
Veralto Corporation (VLTO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VLTO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $1.01 | $1.11 | +9.9% | $1.5B | +1.3% |
| Apr 29, 2026 | $1.02 | $1.07 | +4.9% | $1.4B | +1.6% |
| Feb 3, 2026 | $0.98 | $1.04 | +6.1% | $1.4B | -0.7% |
| Feb 4, 2025 | $0.90 | $0.95 | +5.6% | $1.3B | -0.0% |
| Oct 23, 2024 | $0.85 | $0.89 | +4.7% | $1.3B | +0.7% |
| Jul 25, 2024 | $0.80 | $0.85 | +6.2% | $1.3B | +0.9% |
| Oct 25, 2023 | $0.70 | $0.75 | +7.1% | $1.3B | +4.1% |
| Jun 30, 2022 | — | $0.94 | — | $1.2B | — |
VLTO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | Trivedi Surekhaofficer: SVP, Strategy & Sustainability | Sell | 986 | $97.05 |
| Jul 31, 2026 | Honeycutt Jenniferdirector, officer: President and CEO | Sell | 7,097 | $101.52 |
| Jul 31, 2026 | Honeycutt Jenniferdirector, officer: President and CEO | Option | 7,097 | $28.76 |
| Jul 28, 2026 | Williams Thomasdirector | Grant | 183 | — |
| Jul 28, 2026 | Wallis-Lage Cindy L.director | Grant | 38 | — |
| Jul 28, 2026 | MITTS HEATH Adirector | Grant | 154 | — |
| Jul 21, 2026 | Honeycutt Jenniferdirector, officer: President and CEO | Option | 7,097 | $28.76 |
| Jul 21, 2026 | Honeycutt Jenniferdirector, officer: President and CEO | Sell | 7,097 | $95.00 |
| Jul 17, 2026 | LOHR WALTER Gdirector | Grant | 1,009 | — |
| Jul 17, 2026 | Ralhan Sameerofficer: SVP, Chief Financial Officer | Tax | 3,305 | $91.00 |
| Jul 17, 2026 | FILLER LINDAdirector | Grant | 2,665 | $91.00 |
| Jul 17, 2026 | FILLER LINDAdirector | Grant | 3,553 | $91.00 |
| Jul 17, 2026 | FILLER LINDAdirector | Grant | 825 | — |
| Jul 17, 2026 | FILLER LINDAdirector | Grant | 1,009 | — |
| Jul 17, 2026 | Colpron Francoisedirector | Grant | 3,553 | $91.00 |
Source: VLTO SEC Form 4 filings, latest Aug 19, 2026. For informational purposes only — not investment advice.
See the full VLTO insider & 13F page →Veralto Corporation company profile
Overview
Veralto Corporation (NYSE:VLTO) is a global industrial technology company that was spun off from Danaher Corporation in October 2023. The company emerged as an independent public entity focused on essential solutions for water quality, food safety, and product quality across critical industries. Headquartered in Waltham, Massachusetts, Veralto operates through two primary business segments serving customers worldwide with mission-critical technologies that protect public health and safety.
Business
Veralto operates in the industrial technology sector, specifically focused on water analytics and treatment and product quality and innovation solutions. The company's business is organized into two main segments: Water Quality (WQ) Segment - representing approximately 60% of total revenue - provides precision instrumentation and water treatment technologies under brands including Hach, Trojan Technologies, and ChemTreat. This segment offers solutions to measure, analyze, and treat water across residential, commercial, municipal, industrial, research, and natural resource applications. The products include water testing equipment, UV disinfection systems, chemical treatment solutions, and digital monitoring platforms that ensure water safety and compliance with environmental regulations. Product Quality & Innovation (PQI) Segment - representing approximately 40% of total revenue - delivers marking and coding solutions, color management systems, and packaging design technologies under brands including Videojet, Linx, Esko, X-Rite, and Pantone. This segment serves the consumer packaged goods industry with inline printing systems for product identification, software solutions for digital asset management, color standardization tools for packaging and industrial products, and design software for creating new packaging concepts. These solutions help manufacturers ensure product traceability, brand consistency, and regulatory compliance throughout the supply chain. Both segments focus on providing essential technologies that support public health, safety, and quality assurance across critical infrastructure and consumer goods industries.
Revenue model
Veralto generates revenue through multiple complementary business models across its two segments. The company benefits from a recurring revenue model where approximately 60% of total sales come from consumables, services, and software subscriptions that provide predictable, repeat business. In the Water Quality segment, this includes chemical reagents, replacement parts, maintenance services, and digital monitoring subscriptions. The PQI segment generates recurring revenue through ink and coding consumables, software licenses, and ongoing service contracts. The remaining 40% of revenue comes from equipment sales, including water treatment systems, analytical instruments, printing and coding equipment, and color measurement devices. Customers span municipal utilities, food and beverage manufacturers, pharmaceutical companies, industrial facilities, and consumer packaged goods companies who require these solutions for regulatory compliance, operational efficiency, and product quality assurance. Several factors influence the company's margins and profitability. Positive margin drivers include the high-margin recurring revenue mix, pricing power in specialized niche markets, operational improvements through the Veralto Enterprise System, and economies of scale in manufacturing. Margin pressures can arise from raw material cost inflation, foreign exchange fluctuations, competitive pricing in equipment sales, tariff impacts on imported components, and economic downturns affecting capital equipment spending in end markets like consumer packaged goods manufacturing. The company's business model benefits from serving essential, non-discretionary markets where customers require continuous compliance with health, safety, and quality regulations, providing relative stability even during economic uncertainties.
Competitive moat
Veralto possesses a moderate to strong competitive moat built on several key advantages. The company benefits from high switching costs in both segments, as customers invest significantly in training, integration, and compliance validation when implementing water treatment systems or packaging production lines. Once installed, the recurring revenue model creates customer stickiness through ongoing consumables and service needs. The company's technical expertise and regulatory knowledge provide additional protection, particularly in water quality applications where solutions must meet stringent environmental and health standards. Veralto's established relationships with municipal utilities and industrial customers, built over decades, create barriers to entry for competitors. The company's portfolio of recognized brands like Hach, Pantone, and Videojet carry significant market credibility and customer loyalty. However, the moat faces several challenges. Technological disruption could emerge from digital monitoring solutions, alternative water treatment methods, or new packaging technologies. Large industrial conglomerates with greater resources could potentially compete more aggressively, particularly in equipment sales. The company's exposure to cyclical end markets like consumer packaged goods manufacturing creates vulnerability during economic downturns. Additionally, regulatory changes could both help and hurt the business - while stricter environmental standards drive demand for water treatment solutions, changes in packaging regulations or sustainability requirements could disrupt traditional marking and coding applications. The moat appears strongest in the Water Quality segment due to the critical nature of water safety, while the PQI segment faces more competitive pressure from evolving packaging and printing technologies.
Risks & safety
Veralto demonstrates a strong financial position with solid margin of safety characteristics, though valuation metrics suggest limited upside at current levels. • Liquidity and Solvency: Strong cash position of $1.24 billion with current ratio of 2.19x and quick ratio of 1.92x. Debt-to-equity ratio of 1.14x is manageable for an industrial company. Free cash flow of $142 million in Q1 2025 supports operational flexibility. • Valuation Metrics: Trading at elevated multiples with P/E ratio of 24.5x, EV/EBITDA of 17.5x, and price-to-book of 9.6x. These metrics suggest the stock is priced for continued growth execution. • Profitability: Healthy EBITDA margins around 25% with return on equity of 9.8%. The business generates consistent cash flows with 90-100% free cash flow conversion target. • Other Considerations: Recent IPO status provides less trading history for valuation assessment. Exposure to tariff impacts estimated at 3.5% of annual sales creates near-term margin pressure. Strong recurring revenue base (60% of sales) provides earnings stability.
Recent development
Since its 2023 spinoff from Danaher, Veralto has focused on establishing itself as an independent growth platform while implementing strategic initiatives to drive operational excellence. The company has deployed the Veralto Enterprise System (VES), adapted from Danaher's business system, to drive continuous improvement across manufacturing, procurement, and operational processes. Strategic acquisitions have been a key growth driver, including the purchase of TraceGains, a cloud-based software provider for food and beverage supply chain management, which enhances the PQI segment's digital capabilities. The company also invested in Axine Water Technologies and signed an agreement to acquire AQUAFIDES, a UV water treatment provider, expanding its Water Quality portfolio. Portfolio optimization efforts include the planned divestiture of the Advanced Vision Technology (AVT) product line, demonstrating management's commitment to focusing resources on higher-return opportunities. The company has expanded its direct sales force, increased marketing investments, and accelerated R&D spending to 5% of sales to drive innovation in high-growth verticals. Operational improvements include opening a new Trojan manufacturing facility in Grand Rapids, Michigan, and implementing supply chain optimization measures to mitigate tariff impacts. The company has maintained strong execution with consistent core sales growth in the 3-7% range and margin expansion of 25-80 basis points annually, while targeting 25-50 basis points of additional margin improvement in 2025.
VLTO company profile · for informational purposes only — not investment advice.
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