VLTO · NYSE · Industrials
Veralto Corporation (VLTO) — Rank #115 by gross profitability (GP/assets 0.43) · ROE 31.3% · Piotroski F-Score 5 / 9.
As-of 2026-10-30 · CIK 0001967680 · all metrics point-in-time as of the filing date.
About
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide.
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It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat, and other brands. This segment also provides water solutions, including chemical reagents, services, and software solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023.
Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
- Industry
- Pollution & Treatment Controls
- Sector
- Industrials
- State
- X1
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- veralto.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
17,000
Industry
Pollution & Treatment Controls
Exchange
NYSE
11/12
Flags passed
VLTO fails 1 critical flag
Passes 11 of 12 quality flags
- FAILOperating margin declining
Operating margin lower than prior year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Operating margin declining · GP/assets 0.43
Gross profitability (GP / assets)
0.43
Primary signal (Novy-Marx).
1st of 5 SIC 3825 peers
Return on equity
31.3%
Gross margin
59.9%
1st of 5 SIC 3825 peers
Revenue growth (YoY)
6.0%
RPO growth (YoY)
10.9%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
4.2%
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
3.6%
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 8% above net income
Free cash flow
$1.01B
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
7.9%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.3%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $1.23B, F-Score 5/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.55
5th of 5 SIC 3825 peers (best = lowest)
Current ratio
1.48×
5th of 5 SIC 3825 peers
Quick ratio
1.19×
Net cash
-$1.23B
Cash & equivalents minus total debt.
Piotroski F-Score
5 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Dividend safety
Composite score
3.0 / 5
Capital allocation quality
Composite score
2.7 / 5
Lifecycle Phase History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports