5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.0% per year over the past 4 years.
Net income has grown slower than revenue (2.2% vs 4.0% per year).
Operating margin has expanded, at 23.2% in the latest year.
Free cash flow has grown 4.8% per year over the past 4 years.
Financial health
Total debt ($2.7B) exceeds cash ($2.0B); net debt is $642M.
Operating income covered interest expense 13× in the latest year.
Total debt is 2.0× EBITDA.
Shareholder returns
Dividends have been paid for 2 consecutive years, consuming 11.6% of earnings and 10.7% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$5.5B
$940M
59.9%
23.2%
30.3%
12.2%
$1.0B
$2.7B
$2.0B
2024
$5.2B
$833M
59.8%
23.3%
40.9%
13.0%
$820M
$2.6B
$1.1B
2023
$5.0B
$839M
57.8%
22.7%
60.7%
14.7%
$909M
$2.6B
$762M
2022
$4.9B
$845M
56.7%
22.8%
26.1%
17.5%
$836M
$0
$0
2021
$4.7B
$861M
57.7%
22.1%
—
17.8%
$842M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Oct '26
$1.5B
$253M
60.2%
19.7%
7.8%
3.1%
$304M
$2.9B
$1.8B
Jul '26
$1.5B
$241M
61.2%
21.4%
7.8%
2.8%
$328M
$3.4B
$2.1B
Apr '26
$1.4B
$254M
60.1%
23.8%
8.5%
3.3%
$170M
$2.7B
$1.4B
Dec '25
$1.4B
$254M
59.3%
22.6%
8.2%
3.3%
$291M
$2.7B
$2.0B
Oct '25
$1.4B
$239M
60.1%
23.2%
8.4%
3.2%
$258M
$2.7B
$1.8B
Jul '25
$1.4B
$222M
60.0%
22.8%
8.4%
3.1%
$323M
$2.7B
$1.6B
Apr '25
$1.3B
$225M
60.4%
24.2%
9.8%
3.4%
$142M
$2.6B
$1.2B
Dec '24
$1.3B
$227M
59.6%
22.9%
11.1%
3.5%
$263M
$2.6B
$1.1B
Sep '24
$1.3B
$219M
59.6%
23.4%
11.2%
3.5%
$215M
$2.6B
$1.3B
Jun '24
$1.3B
$203M
60.1%
23.2%
12.2%
3.4%
$240M
$2.6B
$1.0B
Mar '24
$1.2B
$184M
60.0%
23.5%
12.4%
3.2%
$102M
$2.6B
$827M
Dec '23
$1.3B
$200M
57.9%
22.2%
14.5%
3.5%
$241M
$2.6B
$762M
Sep '23
$1.3B
$205M
57.6%
21.8%
19.7%
4.0%
$232M
$2.6B
$426M
Jun '23
$1.3B
$209M
57.8%
23.1%
—
—
$289M
—
—
Mar '23
$1.2B
$225M
57.8%
23.8%
—
—
$147M
—
—
Dec '22
$1.2B
$216M
57.0%
23.6%
6.7%
4.5%
$329M
$0
$0
Sep '22
$1.2B
$218M
56.9%
23.4%
—
—
—
—
—
Valuation over time
How the market has priced VLTO against its own fundamentals since 2023-10 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 19.9× (Oct '23) to 29.9× (Nov '26).
The price-to-sales ratio has risen from 3.4× (Oct '23) to 5.1× (Nov '26).
The dividend yield has risen from 0.4% (Dec '24) to 0.4% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VLTO growing its revenue and profit?
Over the past 4 years, Veralto's revenue has grown 4.0% per year, and net income grown 2.2% per year. These are computed facts, not advice.
How much debt does VLTO have?
As of FY2025, Veralto reported $2.7B of total debt against $2.0B of cash; operating income covered interest expense 13×.
What is VLTO's profit margin?
In FY2025, gross margin was 59.9%, operating margin 23.2%, and net margin 17.1%.
What is VLTO's P/E ratio?
Veralto's P/E (TTM) is 28.08 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VLTO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.