Veralto (VLTO) Financials

$95.58 +1.37 (+1.45%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$95.50 -0.08 (-0.08%)

As of 05/2/2025 05:34 PM Eastern

Annual Income Statements for Veralto

This table shows Veralto's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	861	845	839	833
Consolidated Net Income / (Loss)	861	845	839	833
Net Income / (Loss) Continuing Operations	861	845	839	833
Total Pre-Tax Income	1,047	1,113	1,096	1,086
Total Operating Income	1,041	1,112	1,140	1,208
Total Gross Profit	2,713	2,760	2,901	3,105
Total Revenue	4,700	4,870	5,021	5,193
Operating Revenue	4,700	4,870	5,021	5,193
Total Cost of Revenue	1,987	2,110	2,120	2,088
Operating Cost of Revenue	1,987	2,110	2,120	2,088
Total Operating Expenses	1,672	1,648	1,761	1,897
Selling, General & Admin Expense	1,428	1,431	1,536	1,644
Research & Development Expense	244	217	225	253
Total Other Income / (Expense), net	6.00	1.00	-44	-122
Interest Expense	0.00	0.00	30	113
Other Income / (Expense), net	6.00	1.00	-14	-9.00
Income Tax Expense	186	268	257	253
Basic Earnings per Share	$3.50	$3.43	$3.41	$3.37
Weighted Average Basic Shares Outstanding	246.30M	246.30M	246.40M	247.30M
Diluted Earnings per Share	$3.50	$3.43	$3.40	$3.34
Weighted Average Diluted Shares Outstanding	246.30M	246.30M	246.80M	249.60M
Weighted Average Basic & Diluted Shares Outstanding	-	-	246.54M	247.55M

This table shows Veralto's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	4/4/2025
Net Income / (Loss) Attributable to Common Shareholders	225	209	205	200	184	203	219	227	225
Consolidated Net Income / (Loss)	225	209	205	200	184	203	219	227	225
Net Income / (Loss) Continuing Operations	225	209	205	200	184	203	219	227	225
Total Pre-Tax Income	292	275	268	261	250	270	286	280	289
Total Operating Income	292	289	273	286	293	299	308	308	322
Total Gross Profit	708	724	723	746	747	774	783	801	805
Total Revenue	1,225	1,253	1,255	1,288	1,246	1,288	1,314	1,345	1,332
Operating Revenue	1,225	1,253	1,255	1,288	1,246	1,288	1,314	1,345	1,332
Total Cost of Revenue	517	529	532	542	499	514	531	544	527
Operating Cost of Revenue	517	529	532	542	499	514	531	544	527
Total Operating Expenses	416	435	450	460	454	475	475	493	483
Selling, General & Admin Expense	360	378	395	403	394	414	412	424	419
Research & Development Expense	56	57	55	57	60	61	63	69	64
Total Other Income / (Expense), net	0.00	-14	-5.00	-25	-43	-29	-22	-28	-33
Interest Expense	0.00	0.00	5.00	25	28	30	27	28	27
Other Income / (Expense), net	0.00	-14	0.00	-	-15	1.00	5.00	-	-6.00
Income Tax Expense	67	66	63	61	66	67	67	53	64
Basic Earnings per Share	$0.91	$0.85	$0.83	$0.82	$0.75	$0.82	$0.89	$0.91	$0.91
Weighted Average Basic Shares Outstanding	246.30M	246.30M	246.30M	246.40M	246.90M	247.20M	247.40M	247.30M	247.90M
Diluted Earnings per Share	$0.91	$0.85	$0.83	$0.81	$0.74	$0.81	$0.88	$0.91	$0.90
Weighted Average Diluted Shares Outstanding	246.30M	246.30M	246.30M	246.80M	248.80M	249.30M	250M	249.60M	250.10M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	246.54M	246.85M	247.11M	247.31M	247.55M	247.86M

This table details how cash moves in and out of Veralto's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.00	0.00	762	339
Net Cash From Operating Activities	896	870	963	875
Net Cash From Continuing Operating Activities	896	870	963	875
Net Income / (Loss) Continuing Operations	861	845	839	833
Consolidated Net Income / (Loss)	861	845	839	833
Depreciation Expense	44	40	39	40
Amortization Expense	62	50	48	38
Non-Cash Adjustments To Reconcile Net Income	26	41	70	80
Changes in Operating Assets and Liabilities, net	-97	-106	-33	-116
Net Cash From Investing Activities	-97	-89	-55	-434
Net Cash From Continuing Investing Activities	-97	-89	-55	-434
Purchase of Property, Plant & Equipment	-54	-34	-54	-55
Acquisitions	-60	-55	0.00	-363
Sale of Property, Plant & Equipment	26	0.00	2.00	0.00
Other Investing Activities, net	-9.00	0.00	-3.00	-16
Net Cash From Financing Activities	-799	-781	-135	-65
Net Cash From Continuing Financing Activities	-799	-781	-135	-65
Payment of Dividends	-	0.00	0.00	-89
Issuance of Debt	0.00	0.00	2,608	0.00
Issuance of Common Equity	0.00	0.00	4.00	24
Other Financing Activities, net	-800	-781	-2,747	0.00
Effect of Exchange Rate Changes	0.00	0.00	-11	-37
Cash Interest Paid	-	0.00	0.00	137
Cash Income Taxes Paid	-	0.00	113	293

This table details how cash moves in and out of Veralto's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	4/4/2025
Net Change in Cash & Equivalents	-	0.00	-	426	336	65	216	224	-166	138
Net Cash From Operating Activities	-	156	301	243	263	115	251	224	285	157
Net Cash From Continuing Operating Activities	-	156	301	243	263	115	251	224	285	157
Net Income / (Loss) Continuing Operations	-	225	209	205	200	184	203	219	227	225
Consolidated Net Income / (Loss)	-	225	209	205	200	184	203	219	227	225
Depreciation Expense	-	10	10	9.00	10	10	10	10	10	10
Amortization Expense	-	12	12	12	12	11	10	7.00	10	9.00
Non-Cash Adjustments To Reconcile Net Income	-	9.00	28	13	20	30	20	17	13	22
Changes in Operating Assets and Liabilities, net	-	-100	42	4.00	21	-120	8.00	-29	25	-109
Net Cash From Investing Activities	-	-9.00	-10	-14	-22	-23	-11	-6.00	-394	-11
Net Cash From Continuing Investing Activities	-	-9.00	-10	-14	-22	-23	-11	-6.00	-394	-11
Purchase of Property, Plant & Equipment	-	-9.00	-12	-11	-22	-13	-11	-9.00	-22	-15
Other Investing Activities, net	-	0.00	2.00	-5.00	-	-10	-	3.00	-9.00	4.00
Net Cash From Financing Activities	-	-147	-291	206	97	-20	-13	-16	-16	-26
Net Cash From Continuing Financing Activities	-	-147	-291	206	97	-20	-13	-16	-16	-26
Payment of Dividends	-	0.00	-	-	-	-22	-22	-23	-22	-27
Issuance of Common Equity	-	0.00	-	-	4.00	2.00	9.00	7.00	6.00	1.00
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	18
Cash Interest Paid	-	0.00	-	-	-	57	-	80	-	57
Cash Income Taxes Paid	-	0.00	-	-	113	32	110	67	84	38

This table presents Veralto's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,825	5,693	6,406
Total Current Assets	1,280	2,073	2,387
Cash & Equivalents	0.00	762	1,101
Accounts Receivable	816	826	812
Inventories, net	345	297	288
Prepaid Expenses	119	188	186
Plant, Property, & Equipment, net	247	262	268
Total Noncurrent Assets	3,298	3,358	3,751
Goodwill	2,476	2,533	2,693
Intangible Assets	479	427	535
Other Noncurrent Operating Assets	343	398	523
Total Liabilities & Shareholders' Equity	4,825	5,693	6,406
Total Liabilities	1,585	4,304	4,361
Total Current Liabilities	1,123	1,265	1,245
Accounts Payable	440	431	395
Accrued Expenses	683	834	850
Total Noncurrent Liabilities	462	3,039	3,116
Long-Term Debt	0.00	2,629	2,599
Other Noncurrent Operating Liabilities	462	410	517
Total Equity & Noncontrolling Interests	3,240	1,389	2,045
Total Preferred & Common Equity	3,235	1,383	2,038
Preferred Stock	0.00	0.00	0.00
Total Common Equity	3,235	1,383	2,038
Common Stock	0.00	2,159	2,192
Retained Earnings	0.00	178	917
Accumulated Other Comprehensive Income / (Loss)	-954	-954	-1,071
Noncontrolling Interest	5.00	6.00	7.00

This table presents Veralto's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	12/31/2022	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	4/4/2025
Total Assets	4,825	5,693	5,708	5,903	6,263	6,406	6,645
Total Current Assets	1,280	2,073	2,117	2,333	2,617	2,387	2,558
Cash & Equivalents	0.00	762	827	1,043	1,267	1,101	1,239
Accounts Receivable	816	826	815	803	839	812	832
Inventories, net	345	297	308	312	326	288	310
Prepaid Expenses	119	188	167	175	185	186	177
Plant, Property, & Equipment, net	247	262	264	263	261	268	274
Total Noncurrent Assets	3,298	3,358	3,327	3,307	3,385	3,751	3,813
Goodwill	2,476	2,533	2,499	2,490	2,539	2,693	2,738
Intangible Assets	479	427	413	401	401	535	531
Other Noncurrent Operating Assets	343	398	415	416	445	523	544
Total Liabilities & Shareholders' Equity	4,825	5,693	5,708	5,903	6,263	6,406	6,645
Total Liabilities	1,585	4,304	4,220	4,231	4,303	4,361	4,336
Total Current Liabilities	1,123	1,265	1,156	1,190	1,226	1,245	1,170
Accounts Payable	440	431	402	397	424	395	407
Accrued Expenses	683	834	754	793	802	850	763
Total Noncurrent Liabilities	462	3,039	3,064	3,041	3,077	3,116	3,166
Long-Term Debt	0.00	2,629	2,618	2,615	2,639	2,599	2,630
Other Noncurrent Operating Liabilities	462	410	446	426	438	517	536
Total Equity & Noncontrolling Interests	3,240	1,389	1,488	1,672	1,960	2,045	2,309
Total Preferred & Common Equity	3,235	1,383	1,482	1,666	1,954	2,038	2,302
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,235	1,383	1,482	1,666	1,954	2,038	2,302
Common Stock	0.00	2,159	2,123	2,152	2,175	2,192	2,201
Retained Earnings	0.00	178	340	521	717	917	1,114
Accumulated Other Comprehensive Income / (Loss)	-954	-954	-981	-1,007	-938	-1,071	-1,013
Noncontrolling Interest	5.00	6.00	6.00	6.00	6.00	7.00	7.00

This table displays calculated financial ratios and metrics derived from Veralto's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	3.62%	3.10%	3.43%
EBITDA Growth	0.00%	4.34%	0.83%	5.28%
EBIT Growth	0.00%	6.30%	1.17%	6.48%
NOPAT Growth	0.00%	-1.38%	3.37%	6.18%
Net Income Growth	0.00%	-1.86%	-0.71%	-0.72%
EPS Growth	0.00%	-2.00%	-0.87%	-1.76%
Operating Cash Flow Growth	0.00%	-2.90%	10.69%	-9.14%
Free Cash Flow Firm Growth	0.00%	0.00%	135.76%	-25.34%
Invested Capital Growth	0.00%	0.00%	0.49%	8.81%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.11%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.59%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	1.87%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	3.43%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	3.35%
EPS Q/Q Growth	0.00%	0.00%	0.00%	3.09%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	2.58%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	6.33%
Profitability Metrics	-	-	-	-
Gross Margin	57.72%	56.67%	57.78%	59.79%
EBITDA Margin	24.53%	24.70%	24.16%	24.59%
Operating Margin	22.15%	22.83%	22.70%	23.26%
EBIT Margin	22.28%	22.85%	22.43%	23.09%
Profit (Net Income) Margin	18.32%	17.35%	16.71%	16.04%
Tax Burden Percent	82.24%	75.92%	76.55%	76.70%
Interest Burden Percent	100.00%	100.00%	97.34%	90.58%
Effective Tax Rate	17.77%	24.08%	23.45%	23.30%
Return on Invested Capital (ROIC)	0.00%	52.11%	26.87%	27.26%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	23.26%	21.69%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	9.38%	21.26%
Return on Equity (ROE)	0.00%	0.00%	36.25%	48.51%
Cash Return on Invested Capital (CROIC)	0.00%	-147.89%	26.38%	18.81%
Operating Return on Assets (OROA)	0.00%	23.07%	21.41%	19.82%
Return on Assets (ROA)	0.00%	17.51%	15.95%	13.77%
Return on Common Equity (ROCE)	0.00%	0.00%	36.16%	48.33%
Return on Equity Simple (ROE_SIMPLE)	0.00%	26.12%	60.67%	40.87%
Net Operating Profit after Tax (NOPAT)	856	844	873	927
NOPAT Margin	18.21%	17.34%	17.38%	17.84%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	3.61%	5.56%
Return On Investment Capital (ROIC_SIMPLE)	-	26.06%	21.72%	19.95%
Cost of Revenue to Revenue	42.28%	43.33%	42.22%	40.21%
SG&A Expenses to Revenue	30.38%	29.38%	30.59%	31.66%
R&D to Revenue	5.19%	4.46%	4.48%	4.87%
Operating Expenses to Revenue	35.57%	33.84%	35.07%	36.53%
Earnings before Interest and Taxes (EBIT)	1,047	1,113	1,126	1,199
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,153	1,203	1,213	1,277
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	12.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	4.85
Price to Earnings (P/E)	0.00	0.00	0.00	30.24
Dividend Yield	0.00%	0.00%	0.11%	0.37%
Earnings Yield	0.00%	0.00%	0.00%	3.31%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	7.53
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	5.14
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	20.90
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	22.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	28.81
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	30.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	41.74
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	1.89	1.27
Long-Term Debt to Equity	0.00	0.00	1.89	1.27
Financial Leverage	0.00	0.00	0.40	0.98
Leverage Ratio	0.00	1.49	2.27	3.52
Compound Leverage Factor	0.00	1.49	2.21	3.19
Debt to Total Capital	0.00%	0.00%	65.43%	55.96%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	65.43%	55.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.15%	0.15%	0.15%
Common Equity to Total Capital	0.00%	99.85%	34.42%	43.88%
Debt to EBITDA	0.00	0.00	2.17	2.04
Net Debt to EBITDA	0.00	0.00	1.54	1.17
Long-Term Debt to EBITDA	0.00	0.00	2.17	2.04
Debt to NOPAT	0.00	0.00	3.01	2.80
Net Debt to NOPAT	0.00	0.00	2.14	1.62
Long-Term Debt to NOPAT	0.00	0.00	3.01	2.80
Altman Z-Score	0.00	0.00	0.00	5.31
Noncontrolling Interest Sharing Ratio	0.00%	0.15%	0.24%	0.38%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	1.14	1.64	1.92
Quick Ratio	0.00	0.73	1.26	1.54
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,396	857	640
Operating Cash Flow to CapEx	3,200.00%	2,558.82%	1,851.92%	1,590.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	28.56	5.66
Operating Cash Flow to Interest Expense	0.00	0.00	32.10	7.74
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	30.37	7.26
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	1.01	0.95	0.86
Accounts Receivable Turnover	0.00	5.97	6.12	6.34
Inventory Turnover	0.00	6.12	6.60	7.14
Fixed Asset Turnover	0.00	19.72	19.73	19.60
Accounts Payable Turnover	0.00	4.80	4.87	5.06
Days Sales Outstanding (DSO)	0.00	61.16	59.68	57.57
Days Inventory Outstanding (DIO)	0.00	59.68	55.27	51.13
Days Payable Outstanding (DPO)	0.00	76.11	74.98	72.20
Cash Conversion Cycle (CCC)	0.00	44.72	39.97	36.50
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	3,240	3,256	3,543
Invested Capital Turnover	0.00	3.01	1.55	1.53
Increase / (Decrease) in Invested Capital	0.00	3,240	16	287
Enterprise Value (EV)	0.00	0.00	0.00	26,693
Market Capitalization	0.00	0.00	0.00	25,188
Book Value per Share	$0.00	$13.13	$5.61	$8.24
Tangible Book Value per Share	$0.00	$1.14	($6.40)	($4.81)
Total Capital	0.00	3,240	4,018	4,644
Total Debt	0.00	0.00	2,629	2,599
Total Long-Term Debt	0.00	0.00	2,629	2,599
Net Debt	0.00	0.00	1,867	1,498
Capital Expenditures (CapEx)	28	34	52	55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	157	46	41
Debt-free Net Working Capital (DFNWC)	0.00	157	808	1,142
Net Working Capital (NWC)	0.00	157	808	1,142
Net Nonoperating Expense (NNE)	-4.93	-0.76	34	94
Net Nonoperating Obligations (NNO)	0.00	0.00	1,867	1,498
Total Depreciation and Amortization (D&A)	106	90	87	78
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	3.22%	0.92%	0.79%
Debt-free Net Working Capital to Revenue	0.00%	3.22%	16.09%	21.99%
Net Working Capital to Revenue	0.00%	3.22%	16.09%	21.99%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$3.41	$3.37
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	246.40M	247.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$3.40	$3.34
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	246.80M	249.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	246.54M	247.55M
Normalized Net Operating Profit after Tax (NOPAT)	856	844	873	927
Normalized NOPAT Margin	18.21%	17.34%	17.38%	17.84%
Pre Tax Income Margin	22.28%	22.85%	21.83%	20.91%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	0.00	37.53	10.61
NOPAT to Interest Expense	0.00	0.00	29.09	8.20
EBIT Less CapEx to Interest Expense	0.00	0.00	35.80	10.12
NOPAT Less CapEx to Interest Expense	0.00	0.00	27.36	7.71
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	10.68%
Augmented Payout Ratio	0.00%	0.00%	0.00%	10.68%

This table displays calculated financial ratios and metrics derived from Veralto's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	4/4/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	1.71%	2.79%	4.70%	4.43%	6.90%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-4.78%	7.74%	12.24%	6.49%	12.04%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-4.79%	9.09%	14.65%	7.69%	13.67%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-4.16%	2.35%	12.94%	13.94%	16.25%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-18.22%	-2.87%	6.83%	13.50%	22.28%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-18.68%	-4.71%	6.02%	12.35%	21.62%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-26.28%	-16.61%	-7.82%	8.37%	36.52%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	94.44%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.81%	12.84%
Revenue Q/Q Growth	0.00%	2.29%	0.16%	2.63%	0.00%	3.37%	2.02%	2.36%	-0.97%
EBITDA Q/Q Growth	0.00%	-5.41%	-1.01%	4.76%	0.00%	7.02%	3.13%	-0.61%	2.13%
EBIT Q/Q Growth	0.00%	-5.82%	-0.73%	4.76%	0.00%	7.91%	4.33%	-1.60%	2.60%
NOPAT Q/Q Growth	0.00%	-2.38%	-4.92%	4.95%	0.00%	4.25%	4.91%	5.87%	0.40%
Net Income Q/Q Growth	0.00%	-7.11%	-1.91%	-2.44%	0.00%	10.33%	7.88%	3.65%	-0.88%
EPS Q/Q Growth	0.00%	-6.59%	-2.35%	-2.41%	0.00%	9.46%	8.64%	3.41%	-1.10%
Operating Cash Flow Q/Q Growth	0.00%	92.95%	-19.27%	8.23%	0.00%	118.26%	-10.76%	27.23%	-44.91%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	1.44%	-2.55%	98.80%	-356.59%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.71%	-1.07%	2.71%	6.33%	4.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	57.80%	57.78%	57.61%	57.92%	59.95%	60.09%	59.59%	59.55%	60.44%
EBITDA Margin	25.63%	23.70%	23.43%	23.91%	24.00%	24.84%	25.11%	24.39%	25.15%
Operating Margin	23.84%	23.06%	21.75%	22.21%	23.52%	23.21%	23.44%	22.90%	24.17%
EBIT Margin	23.84%	21.95%	21.75%	22.21%	22.31%	23.29%	23.82%	22.90%	23.72%
Profit (Net Income) Margin	18.37%	16.68%	16.33%	15.53%	14.77%	15.76%	16.67%	16.88%	16.89%
Tax Burden Percent	77.05%	76.00%	76.49%	76.63%	73.60%	75.19%	76.57%	81.07%	77.85%
Interest Burden Percent	100.00%	100.00%	98.17%	91.26%	89.93%	90.00%	91.37%	90.91%	91.46%
Effective Tax Rate	22.95%	24.00%	23.51%	23.37%	26.40%	24.81%	23.43%	18.93%	22.15%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	26.24%	53.23%	54.63%	55.33%	28.36%	28.47%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	25.21%	49.69%	51.86%	52.88%	27.01%	26.86%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	33.89%	59.81%	48.76%	37.01%	26.47%	22.51%
Return on Equity (ROE)	0.00%	0.00%	0.00%	60.13%	113.04%	103.39%	92.35%	54.83%	50.98%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	26.31%	0.00%	0.00%	0.00%	18.81%	15.48%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	21.20%	19.71%	20.03%	39.07%	19.66%	20.28%
Return on Assets (ROA)	0.00%	0.00%	0.00%	14.83%	13.04%	13.56%	27.34%	14.49%	14.44%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	59.99%	112.58%	103.02%	92.06%	54.62%	50.81%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	53.85%	47.54%	41.25%	0.00%	37.97%
Net Operating Profit after Tax (NOPAT)	225	220	209	219	216	225	236	250	251
NOPAT Margin	18.37%	17.53%	16.64%	17.02%	17.31%	17.45%	17.95%	18.57%	18.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	1.03%	3.53%	2.77%	2.46%	1.35%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	5.45%	-	-	-	5.38%	5.08%
Cost of Revenue to Revenue	42.20%	42.22%	42.39%	42.08%	40.05%	39.91%	40.41%	40.45%	39.56%
SG&A Expenses to Revenue	29.39%	30.17%	31.47%	31.29%	31.62%	32.14%	31.35%	31.52%	31.46%
R&D to Revenue	4.57%	4.55%	4.38%	4.43%	4.82%	4.74%	4.79%	5.13%	4.80%
Operating Expenses to Revenue	33.96%	34.72%	35.86%	35.71%	36.44%	36.88%	36.15%	36.65%	36.26%
Earnings before Interest and Taxes (EBIT)	292	275	273	286	278	300	313	308	316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	314	297	294	308	299	320	330	328	335
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	14.74	14.15	13.95	12.36	9.55
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	4.33	4.64	5.31	4.85	4.17
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	27.37	29.76	33.82	30.24	25.16
Dividend Yield	0.00%	0.00%	0.00%	0.11%	0.20%	0.28%	0.33%	0.37%	0.45%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	3.65%	3.36%	2.96%	3.31%	3.98%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	7.21	7.75	8.59	7.53	6.32
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	4.69	4.95	5.58	5.14	4.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	19.73	20.59	22.78	20.90	17.81
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	21.25	22.11	24.33	22.26	18.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	27.36	28.93	31.96	28.81	24.33
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	25.63	28.84	33.57	30.51	25.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	41.74	43.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	1.89	1.76	1.56	1.35	1.27	1.14
Long-Term Debt to Equity	0.00	0.00	0.00	1.89	1.76	1.56	1.35	1.27	1.14
Financial Leverage	0.00	0.00	0.00	1.34	1.20	0.94	0.70	0.98	0.84
Leverage Ratio	0.00	0.00	0.00	2.27	3.84	3.53	3.20	3.52	3.25
Compound Leverage Factor	0.00	0.00	0.00	2.07	3.45	3.18	2.92	3.20	2.98
Debt to Total Capital	0.00%	0.00%	0.00%	65.43%	63.76%	61.00%	57.38%	55.96%	53.25%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	65.43%	63.76%	61.00%	57.38%	55.96%	53.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.15%	0.15%	0.14%	0.13%	0.15%	0.14%
Common Equity to Total Capital	0.00%	0.00%	0.00%	34.42%	36.09%	38.86%	42.49%	43.88%	46.61%
Debt to EBITDA	0.00	0.00	0.00	2.17	2.19	2.14	2.10	2.04	2.00
Net Debt to EBITDA	0.00	0.00	0.00	1.54	1.50	1.29	1.09	1.17	1.06
Long-Term Debt to EBITDA	0.00	0.00	0.00	2.17	2.19	2.14	2.10	2.04	2.00
Debt to NOPAT	0.00	0.00	0.00	3.01	3.03	3.01	2.95	2.80	2.74
Net Debt to NOPAT	0.00	0.00	0.00	2.14	2.07	1.81	1.53	1.62	1.45
Long-Term Debt to NOPAT	0.00	0.00	0.00	3.01	3.03	3.01	2.95	2.80	2.74
Altman Z-Score	0.00	0.00	0.00	0.00	4.43	4.73	5.21	4.85	4.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.24%	0.40%	0.36%	0.31%	0.38%	0.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.64	1.83	1.96	2.13	1.92	2.19
Quick Ratio	0.00	0.00	0.00	1.26	1.42	1.55	1.72	1.54	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-3,063	-3,019	-3,096	-37	-170
Operating Cash Flow to CapEx	1,733.33%	2,508.33%	2,209.09%	1,195.45%	884.62%	2,281.82%	2,488.89%	1,295.45%	1,046.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-109.41	-100.64	-114.67	-1.33	-6.31
Operating Cash Flow to Interest Expense	0.00	0.00	48.60	10.52	4.11	8.37	8.30	10.18	5.81
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	46.40	9.64	3.64	8.00	7.96	9.39	5.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.95	0.88	0.86	1.64	0.86	0.85
Accounts Receivable Turnover	0.00	0.00	0.00	6.12	6.19	6.32	0.00	6.34	6.41
Inventory Turnover	0.00	0.00	0.00	6.60	6.82	6.69	0.00	7.14	6.85
Fixed Asset Turnover	0.00	0.00	0.00	19.73	19.10	19.30	0.00	19.60	19.62
Accounts Payable Turnover	0.00	0.00	0.00	4.87	5.23	5.26	0.00	5.06	5.23
Days Sales Outstanding (DSO)	0.00	0.00	0.00	59.68	59.00	57.73	0.00	57.57	56.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	55.27	53.48	54.57	0.00	51.13	53.30
Days Payable Outstanding (DPO)	0.00	0.00	0.00	74.98	69.80	69.43	0.00	72.20	69.77
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	39.97	42.68	42.86	0.00	36.50	40.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	3,256	3,279	3,244	3,332	3,543	3,700
Invested Capital Turnover	0.00	0.00	0.00	1.54	3.08	3.13	3.08	1.53	1.51
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	3,279	3,244	3,332	287	421
Enterprise Value (EV)	0.00	0.00	0.00	0.00	23,635	25,144	28,634	26,693	23,385
Market Capitalization	0.00	0.00	0.00	0.00	21,838	23,566	27,256	25,188	21,987
Book Value per Share	$0.00	$0.00	$0.00	$5.61	$6.01	$6.75	$7.91	$8.24	$9.30
Tangible Book Value per Share	$0.00	$0.00	$0.00	($6.40)	($5.80)	($4.96)	($3.99)	($4.81)	($3.91)
Total Capital	0.00	0.00	0.00	4,018	4,106	4,287	4,599	4,644	4,939
Total Debt	0.00	0.00	0.00	2,629	2,618	2,615	2,639	2,599	2,630
Total Long-Term Debt	0.00	0.00	0.00	2,629	2,618	2,615	2,639	2,599	2,630
Net Debt	0.00	0.00	0.00	1,867	1,791	1,572	1,372	1,498	1,391
Capital Expenditures (CapEx)	9.00	12	11	22	13	11	9.00	22	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	46	134	100	124	41	149
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	808	961	1,143	1,391	1,142	1,388
Net Working Capital (NWC)	0.00	0.00	0.00	808	961	1,143	1,391	1,142	1,388
Net Nonoperating Expense (NNE)	0.00	11	3.82	19	32	22	17	23	26
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	1,867	1,791	1,572	1,372	1,498	1,391
Total Depreciation and Amortization (D&A)	22	22	21	22	21	20	17	20	19
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.92%	2.66%	1.97%	2.41%	0.79%	2.82%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	16.09%	19.06%	22.51%	27.08%	21.99%	26.29%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	16.09%	19.06%	22.51%	27.08%	21.99%	26.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.82	$0.75	$0.82	$0.89	$0.91	$0.91
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	246.40M	246.90M	247.20M	247.40M	247.30M	247.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.81	$0.74	$0.81	$0.88	$0.91	$0.90
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	246.80M	248.80M	249.30M	250M	249.60M	250.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	246.54M	246.85M	247.11M	247.31M	247.55M	247.86M
Normalized Net Operating Profit after Tax (NOPAT)	225	220	209	219	216	225	236	250	251
Normalized NOPAT Margin	18.37%	17.53%	16.64%	17.02%	17.31%	17.45%	17.95%	18.57%	18.82%
Pre Tax Income Margin	23.84%	21.95%	21.35%	20.26%	20.06%	20.96%	21.77%	20.82%	21.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	54.60	11.44	9.93	10.00	11.59	11.00	11.70
NOPAT to Interest Expense	0.00	0.00	41.76	8.77	7.70	7.49	8.74	8.92	9.28
EBIT Less CapEx to Interest Expense	0.00	0.00	52.40	10.56	9.46	9.63	11.26	10.21	11.15
NOPAT Less CapEx to Interest Expense	0.00	0.00	39.56	7.89	7.24	7.13	8.40	8.13	8.73
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.68%	10.76%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.68%	10.76%

Frequently Asked Questions About Veralto's Financials

When does Veralto's financial year end?

According to the most recent income statement we have on file, Veralto's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Veralto's net income changed over the last 3 years?

In the past 3 years, Veralto's net income has ranged from $833 million in 2024 to $861 million in 2021, and is currently $833 million as of their latest financial filing in 2024. See where experts think Veralto is headed by visiting Veralto's forecast page.

What is Veralto's operating income?

Veralto's total operating income in 2024 was $1.21 billion, based on the following breakdown:

Total Gross Profit: $3.11 billion
Total Operating Expenses: $1.90 billion

How has Veralto revenue changed over the last 3 years?

Over the last 3 years, Veralto's total revenue changed from $4.70 billion in 2021 to $5.19 billion in 2024, a change of 10.5%.

How much debt does Veralto have?

Veralto's total liabilities were at $4.36 billion at the end of 2024, a 1.3% increase from 2023, and a 175.1% increase since 2022.

How much cash does Veralto have?

In the past 2 years, Veralto's cash and equivalents has ranged from $0.00 in 2022 to $1.10 billion in 2024, and is currently $1.10 billion as of their latest financial filing in 2024.

How has Veralto's book value per share changed over the last 3 years?

Over the last 3 years, Veralto's book value per share changed from 0.00 in 2021 to 8.24 in 2024, a change of 824.1%.

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This page (NYSE:VLTO) was last updated on 5/4/2025 by MarketBeat.com Staff

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Veralto (VLTO) Financials

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