VLTO Veralto Corp

Overview and Growth

Veralto Corp generated $5.50B of revenue in fiscal 2025, with net income of $940.00M and an operating cash inflow of $1.08B. The $5.50B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $5.19B in fiscal 2024, revenue recorded a 6.0% year-over-year increase. The company reported diluted EPS of $3.76, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 12.6% from $3.34 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.72x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $3.30B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 59.9% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $1.28B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 23.2%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $940.00M for the fiscal year. The final earnings result represented 17.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $1.17B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 21.3% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $233.00M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 19.9% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

At period end, the $7.69B asset base was financed through $4.59B of liabilities and $3.11B of equity. The near-term balance sheet paired $3.43B of current assets with $2.06B of current liabilities at the reporting date. At 1.67x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $2.03B in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 98.8% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $2.67B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.86x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 34.7% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 59.6%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 26.4% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Cash flow from operations was $1.08B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.15x, showing the relationship between accrual earnings and operating cash. Capital spending was $63.00M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 5.8% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $1.01B of positive free cash flow for the period. Relative to revenue, free cash flow equaled 18.4%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 13.2%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.