VERALTO CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,673 | 46.3 |
| Stockholders' equity | 3,105 | 53.7 |
| Total capitalization | 5,778 | 100.0 |
245,599,266 shares outstanding at 21 April 2026 (cover page of the 10-Q filed 29 April 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 2,673 |
| Long-term debt, noncurrent | 1,973 |
| Current maturities | 700 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,000,000,000 |
| Common shares issued | 248,400,000 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 4/21/26 | 245,599,266 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in United States.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3825, Instruments For Meas & Testing of Electricity & Elec Signals. Large accelerated filer. Principal executive office: 225 Wyman St., Suite 250, Waltham, MA 02451. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 5,503 | 5,193 | 5,021 |
| Cost of revenues | 2,204 | 2,088 | 2,120 |
| Gross profit | 3,299 | 3,105 | 2,901 |
| Research and development | 266 | 253 | 225 |
| Selling, general and administrative | 1,756 | 1,644 | 1,536 |
| Depreciation and amortization | 78 | 78 | 87 |
| Operating income | 1,277 | 1,208 | 1,140 |
| Interest expense | 96 | 113 | 30 |
| Income before income taxes | 1,173 | 1,086 | 1,096 |
| Income taxes | 233 | 253 | 257 |
| Net income | 940 | 833 | 839 |
| Earned per share, diluted ($) | 3.76 | 3.34 | 3.40 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 2,031 | 1,101 |
| Receivables, net | 897 | 812 |
| Inventories | 307 | 288 |
| Total current assets | 3,432 | 2,387 |
| Property, plant and equipment, net | 294 | 268 |
| Goodwill | 2,838 | 2,693 |
| Total assets | 7,693 | 6,406 |
| Total current liabilities | 2,056 | 1,245 |
| Long-term debt | 1,973 | 2,599 |
| Stockholders' equity | 3,105 | 2,038 |
| Total liabilities and equity | 7,693 | 6,406 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 5,503 | 1,277 | 940 | 17.1 | 3.76 | – | 1,077 | 63 | 1,014 | 7,693 | 4,587d | 2,673 | 3,105 | 30.3 | 0.86 |
| 12/31/24 | 5,193 | 1,208 | 833 | 16.0 | 3.34 | – | 875 | 55 | 820 | 6,406 | 4,361d | 2,599 | 2,038 | 40.9 | 1.28 |
| 12/31/23 | 5,021 | 1,140 | 839 | 16.7 | 3.40 | – | 963 | 54 | 909 | 5,693 | 4,304d | 2,629 | 1,383 | 60.7 | 1.90 |
| 12/31/22 | 4,870 | 1,112 | 845 | 17.4 | 3.43 | – | 870 | 34 | 836 | 4,825 | 1,585d | 0 | 3,235 | 26.1 | 0.00 |
| 12/31/21 | 4,700 | 1,041 | 861 | 18.3 | 3.50 | – | 896 | 54 | 842 | 4,840 | – | – | – | – | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Veralto Corp
CIK 1967680 · EIN 92-1941413
PRINCIPAL OFFICE:
225 Wyman St., Suite 250, Waltham, MA 02451
Tel.: 7817553655
INCORPORATED:
United States
INDUSTRY (SEC SIC CODE):
3825 · Instruments For Meas & Testing of Electricity & Elec Signals
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 20 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/20/26) · 10-K FY2024 (filed 2/25/25) · 10-K FY2023 (filed 2/28/24). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.