VLTOVeralto
$117.09+17% 1Y
$117.09
$82.2352 weeks$117.09
Latest close: a new 52-week highNov 6, 2026what changed →
The business
How VLTO's business earns
Veralto earns 23% on the capital it employs against an estimated 9.0% cost of capital.
23%
Return on invested capital · cost of capital 9.0% · 14 points above the estimated cost of capital
- Operating margin
- 22%
Operating margin · Industrials median 9.9% · 12 months to Oct 2, 2026
- Cash conversion
- 1.07×
Cash conversion · 1.05× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −2.1%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2021 | 22% |
| FY2022 | 23% |
| FY2023 | 23% |
| FY2024 | 23% |
| FY2025 | 23% |
Details›
- Gross margin12 months to Oct 2, 2026
- 60%
- Operating margin12 months to Oct 2, 2026
- 22%
- Net margin12 months to Oct 2, 2026
- 17%
- Free cash flow margin
- 19%
- R&D as % of revenue
- 4.8%
- Revenue, trailing twelve months
- $5.80B
- Free cash flow, trailing twelve months
- $1.09B
- Net income, trailing twelve months
- $1.00B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 23%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Industrials
The closest names by size in the same sector