Veralto (VLTO) Financials

$100.47 -0.51 (-0.51%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$100.45 -0.02 (-0.02%)

As of 05/23/2025 06:09 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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	833	839	845	861
Consolidated Net Income / (Loss)	833	839	845	861
Net Income / (Loss) Continuing Operations	833	839	845	861
Total Pre-Tax Income	1,086	1,096	1,113	1,047
Total Operating Income	1,208	1,140	1,112	1,041
Total Gross Profit	3,105	2,901	2,760	2,713
Total Revenue	5,193	5,021	4,870	4,700
Operating Revenue	5,193	5,021	4,870	4,700
Total Cost of Revenue	2,088	2,120	2,110	1,987
Operating Cost of Revenue	2,088	2,120	2,110	1,987
Total Operating Expenses	1,897	1,761	1,648	1,672
Selling, General & Admin Expense	1,644	1,536	1,431	1,428
Research & Development Expense	253	225	217	244
Total Other Income / (Expense), net	-122	-44	1.00	6.00
Interest Expense	113	30	0.00	0.00
Other Income / (Expense), net	-9.00	-14	1.00	6.00
Income Tax Expense	253	257	268	186
Basic Earnings per Share	$3.37	$3.41	$3.43	$3.50
Weighted Average Basic Shares Outstanding	247.30M	246.40M	246.30M	246.30M
Diluted Earnings per Share	$3.34	$3.40	$3.43	$3.50
Weighted Average Diluted Shares Outstanding	249.60M	246.80M	246.30M	246.30M
Weighted Average Basic & Diluted Shares Outstanding	247.55M	246.54M	-	-

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Veralto's Financials

When does Veralto's fiscal year end?

According to the most recent income statement we have on file, Veralto's financial year ends in December. Their financial 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 5/25/2025 by MarketBeat.com Staff

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Veralto (VLTO) Financials

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