Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Veralto

VLTO stock analysis · Industrials · Environmental & Facilities Services

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$88.68HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$21.8B

Price × SEC outstanding shares. Shares measured 2026-04-21. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$62.71

Equity cash-flow scenario · SEC outstanding shares at 2026-04-21 · -29.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

13.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

36.8%

76 sector peers · median 31.7×

How this is calculated ↗
Valuation

Historical multiples

29.8×

3 annual observations · snapshot P/E 23.2× · -22.1% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

27.7%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

63/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

20.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-1.9%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.1B2021-12-31: cfo $896,000,000.002021-12-31: capex $54,000,000.0020212022-12-31: cfo $870,000,000.002022-12-31: capex $34,000,000.0020222023-12-31: cfo $963,000,000.002023-12-31: capex $54,000,000.0020232024-12-31: cfo $875,000,000.002024-12-31: capex $55,000,000.0020242025-12-31: cfo $1,077,000,000.002025-12-31: capex $63,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$78.65$85.82$93.52
10.0%$57.64$62.71$68.15
12.0%$45.47$49.34$53.49

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-315.5B940M1.1B63M7.7B
2024-12-315.2B833M875M55M6.4B
2023-12-315B839M963M54M5.7B
2022-12-314.9B845M870M34M4.8B
2021-12-314.7B861M896M54M4.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue5.5BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-20
netIncome940MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent/common earnings proxy940MNetIncomeLoss2026-02-20
cfo1.1BNetCashProvidedByUsedInOperatingActivities2026-02-20
capex63MPaymentsToAcquirePropertyPlantAndEquipment2026-02-20
operatingIncome1.3BOperatingIncomeLoss2026-02-20
assets7.7BAssets2026-02-20
equity3.1BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-20
Parent book equity proxy3.1BStockholdersEquity2026-02-20
debt2.7BLongTermDebt2026-02-20
shortDebtNot reported under a supported tag
cash2BCashAndCashEquivalentsAtCarryingValue2026-02-20
shares250.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-20
dividends109MPaymentsOfDividends2026-02-20
buybacksNot reported under a supported tag
issuance22MReviewed manual correction
Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from issuance of common stock in connection with stock-based compensation: 22000000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 6 financing lines reconcile exactly to reported financing cash flow -102000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -15000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2026-02-20