Veralto Corp

Listed Company

VLTOCIK 0001967680NYSELarge AcceleratedInstruments For Meas & Testing Of Electricity & Elec SignalsX1FY ends Dec 31

Period

FY 2025

Revenue

$5.50B

Net Income

$940.00M

Total Assets

$7.69B

Equity

$3.10B

Shares Out

245.60M

Op. Cash Flow

$1.08B

Business

Veralto Corp provides essential technology solutions that monitor, enhance and protect critical resources, with a focus on improving public health, safety and environmental sustainability. It offers water analytics and treatment technologies, marking and coding, packaging and color instrumentation, consumables, services and software including digital and SaaS solutions. The company operates through two segments: Water Quality, delivering analytics and treatment under brands like Hach and Trojan Technologies, and Product Quality & Innovation, offering marking, packaging and color solutions under brands like Videojet and X-Rite. Veralto sells worldwide through direct subsidiaries, third‑party distributors and representatives, serving municipal, industrial, food and consumer packaged goods customers across developed and high‑growth markets.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	5,503	5,193	5,021	4,870	4,700
Cost of sales	−2,204	−2,088	−2,120	−2,110	−1,987
Gross profit	3,299	3,105	2,901	2,760	2,713
Selling, general and administrative expenses	−1,756	−1,644	−1,536	−1,431	−1,428
Research and development expenses	−266	−253	−225	−217	−244
Operating profit	1,277	1,208	1,140	1,112	1,041
Other income (expense), net	−8	−9	−14	1	6
Interest expense, net	−96	−113	−30	0	—
Earnings before income taxes	1,173	1,086	1,096	1,113	1,047
Income taxes	−233	−253	−257	−268	−186
Net earnings	940	833	839	845	861
Basic (in usd per share)	3.79	3.37	3.41	3.43	3.5
Diluted (in usd per share)	3.76	3.34	3.4	3.43	3.5
Basic (in shares)	248	247	246	246	246
Diluted (in shares)	250	250	247	246	246

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,031	1,101	762	0	—
Trade accounts receivable, less allowance for credit losses of $36 and $37, respectively	897	812	826	816	—
Inventories	307	288	297	345	—
Prepaid expenses and other current assets	197	186	188	119	—
Total current assets	3,432	2,387	2,073	1,280	—
Property, plant and equipment, net	294	268	262	247	260
Other long-term assets	605	523	398	343	—
Goodwill	2,838	2,693	2,533	2,476	2,502
Other intangible assets, net	524	535	427	479	—
Total assets	7,693	6,406	5,693	4,825	4,840
Current portion of long-term debt	700	0	—	—	—
Trade accounts payable	416	395	431	440	—
Accrued expenses and other liabilities	940	850	834	683	—
Total current liabilities	2,056	1,245	1,265	1,123	—
Other long-term liabilities	558	517	410	462	—
Long-term debt	1,973	2,599	2,629	0	—
Preferred stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates	0	0	0	0	—
Common stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 1.0 billion shares authorized as of both dates; and 248.4 million shares and 247.4 million shares issued and outstanding, respectively	2	2	2	0	—
Additional paid-in capital	2,272	2,190	2,157	0	—
Retained earnings	1,744	917	178	0	—
Accumulated other comprehensive loss	−913	−1,071	−954	−954	—
Total Veralto stockholders equity	3,105	2,038	1,383	3,235	—
Noncontrolling interests	1	7	6	5	—
Total stockholders equity	3,106	2,045	1,389	3,240	—
Total liabilities and stockholders equity	7,693	6,406	5,693	4,825	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	42	40	39	40	44
Amortization of intangible assets	36	38	48	50	62
Stock-based compensation expense	74	65	55	41	34
Loss on product line dispositions	6	15	0	0	—
Impairments and other charges	6	0	15	—	—
Change in deferred income taxes	−49	−74	−25	−44	−11
Change in trade accounts receivable, net	−50	3	2	−88	−14
Change in inventories	−6	3	52	−38	−75
Change in trade accounts payable	8	−29	−1	23	65
Change in prepaid expenses and other assets	−40	−48	−54	−5	−21
Change in accrued expenses and other liabilities	110	29	−7	46	−41
Net cash provided by operating activities	1,077	875	963	870	896
Cash paid for acquisitions, net of cash acquired	0	−363	0	−55	−60
Payments for additions to property, plant and equipment	−63	−55	−54	−34	−54
All other investing activities	−35	−16	−1	0	−9
Net cash used in investing activities	−98	−434	−55	−89	−97
Proceeds from issuance of common stock in connection with stock-based compensation	22	24	4	0	0
Net transfers to Former Parent	0	0	−147	−781	−800
Consideration paid to Former Parent in connection with Separation	0	0	−2,600	0	0
Payment of dividends	−109	−89	0	0	—
Proceeds from borrowings (maturities longer than 90 days)	0	0	2,608	0	—
All other financing activities	−15	0	0	0	1
Net cash used in financing activities	−102	−65	−135	−781	−799
Effect of exchange rate changes on cash and cash equivalents	53	−37	−11	0	0
Net change in cash and cash equivalents	930	339	762	0	0
Cash interest payments	138	137	0	0	—
Total Taxes Paid	235	293	113	0	—

Filings

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