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
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
FCF
Total debt
Cash
2025
$5.5B
$940M
59.9%
23.2%
$1.0B
$2.7B
$2.0B
2024
$5.2B
$833M
59.8%
23.3%
$820M
$2.6B
$1.1B
2023
$5.0B
$839M
57.8%
22.7%
$909M
$2.6B
$762M
2022
$4.9B
$845M
56.7%
22.8%
$836M
$0
$0
2021
$4.7B
$861M
57.7%
22.1%
$842M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Apr '26
$1.4B
$254M
60.1%
23.8%
$170M
$2.7B
$1.4B
Dec '25
$1.4B
$254M
59.3%
22.6%
$291M
$2.7B
$2.0B
Oct '25
$1.4B
$239M
60.1%
23.2%
$258M
$2.7B
$1.8B
Jul '25
$1.4B
$222M
60.0%
22.8%
$323M
$2.7B
$1.6B
Apr '25
$1.3B
$225M
60.4%
24.2%
$142M
$2.6B
$1.2B
Dec '24
$1.3B
$227M
59.6%
22.9%
$263M
$2.6B
$1.1B
Sep '24
$1.3B
$219M
59.6%
23.4%
$215M
$2.6B
$1.3B
Jun '24
$1.3B
$203M
60.1%
23.2%
$240M
$2.6B
$1.0B
Mar '24
$1.2B
$184M
60.0%
23.5%
$102M
$2.6B
$827M
Dec '23
$1.3B
$200M
57.9%
22.2%
$241M
$2.6B
$762M
Sep '23
$1.3B
$205M
57.6%
21.8%
$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%
$329M
$0
$0
Sep '22
$1.2B
$218M
56.9%
23.4%
—
—
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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 20.1× (Oct '23) to 23.0× (Jun '26).
The price-to-sales ratio has risen from 3.5× (Oct '23) to 3.9× (Jun '26).
The dividend yield has risen from 0.4% (Dec '24) to 0.5% (Jun '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?
As of Jun '26, Veralto traded at a price-to-earnings ratio of about 23.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.