Veralto Corporation (VLTO) Key Metrics
VLTO valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $24.63B
- Enterprise value
- $24.63B
- P/E (TTM)
- 25.8 10-yr median 26.6
- Forward P/E
- 20.0
- PEG ratio
- 2.27
- Price / sales
- 4.3 10-yr median 4.5
- Price / book
- 7.5 10-yr median 12.5
- EV / EBITDA
- 17.7 10-yr median 19.0
- Dividend yield
- 0.51% $0.52 a year
- Beta
- 0.78
VLTO key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVLTO valuation Price multiples at each fiscal year-end price.
VLTO returns How much profit the business earns on the capital it uses.
VLTO per-share figures Results divided by the shares outstanding at year-end.
VLTO financial health Debt, liquidity and how easily interest is covered.
VLTO efficiency & capital use Working capital cycle and where the cash goes.
VLTO valuation history
VLTO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VLTO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VLTO cash returned to shareholders
VLTO price vs earnings per share
VLTO key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $24.97B | $25.42B | $20.27B | — | — | — |
| Enterprise value | $25.62B | $27.09B | $22.28B | — | — | — |
| P/E ratio | 26.6 | 30.5 | 24.2 | — | — | — |
| Price / sales | 4.5 | 4.9 | 4.0 | — | — | — |
| Price / book | 8.0 | 12.5 | 14.7 | — | — | — |
| Price / free cash flow | 24.6 | 31.0 | 22.3 | — | — | — |
| Price / operating cash flow | 23.2 | 29.1 | 21.0 | — | — | — |
| EV / sales | 4.7 | 5.2 | 4.4 | — | — | — |
| EV / EBITDA | 19.0 | 21.2 | 18.4 | — | — | — |
| EV / free cash flow | 25.3 | 33.0 | 24.5 | — | — | — |
| Earnings yield | 3.8% | 3.3% | 4.1% | — | — | — |
| Free cash flow yield | 4.1% | 3.2% | 4.5% | — | — | — |
| Dividend yield | 0.4% | 0.4% | 0.7% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.4% | 0.4% | 1.5% | — | — | — |
| Share price at fiscal year-end | $99.78 | $101.85 | $82.26 | — | — | — |
| Per share | ||||||
| Revenue per share | $21.99 | $20.81 | $20.38 | $19.79 | $19.10 | $17.67 |
| Earnings per share | $3.76 | $3.34 | $3.41 | $3.43 | $3.50 | $2.94 |
| Operating cash flow per share | $4.30 | $3.51 | $3.91 | $3.54 | $3.64 | $4.07 |
| Free cash flow per share | $4.05 | $3.29 | $3.69 | $3.40 | $3.42 | $3.92 |
| Cash per share | $8.11 | $4.41 | $3.09 | −$0.50 | −$0.55 | — |
| Book value per share | $12.41 | $8.17 | $5.61 | $13.17 | $13.01 | — |
| Tangible book value per share | −$1.03 | −$4.77 | −$6.40 | $1.16 | $0.67 | — |
| Dividends per share | $0.44 | $0.36 | $0.60 | $0.00 | — | — |
| Capex per share | $0.25 | $0.22 | $0.22 | $0.14 | $0.22 | $0.15 |
| Debt per share | $10.68 | $11.09 | $11.27 | $0.50 | $0.55 | — |
| Shares outstanding | 250.3M | 249.6M | 246.4M | 246.1M | 246.1M | 246.1M |
| Change in shares outstanding | +0.3% | +1.3% | +0.1% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 36.6% | 48.7% | 36.3% | 26.2% | 26.9% | — |
| Return on invested capital (ROIC) | 27.5% | 26.1% | 25.4% | 24.3% | 24.7% | — |
| Return on assets (ROA) | 13.3% | 13.8% | 16.0% | 17.5% | 17.8% | — |
| Return on tangible assets | 21.7% | 26.2% | 30.7% | 45.2% | 47.7% | — |
| Free cash flow margin | 18.4% | 15.8% | 18.1% | 17.2% | 17.9% | 22.2% |
| Income quality (OCF / net income) | 1.15 | 1.05 | 1.15 | 1.03 | 1.04 | 1.38 |
| Financial health | ||||||
| Total debt | $2.67B | $2.77B | $2.78B | $123.0M | $135.0M | — |
| Cash & short-term investments | $2.03B | $1.10B | $762.0M | −$123.0M | −$135.0M | — |
| Net debt | $642.0M | $1.67B | $2.02B | $246.0M | $270.0M | — |
| Debt / equity | 0.86 | 1.36 | 2.01 | 0.04 | 0.04 | — |
| Debt / assets | 0.35 | 0.43 | 0.49 | 0.03 | 0.03 | — |
| Net debt / EBITDA | 0.48 | 1.30 | 1.66 | 0.20 | 0.24 | — |
| Current ratio | 1.67 | 1.92 | 1.64 | 1.14 | 1.07 | — |
| Quick ratio | 1.52 | 1.69 | 1.40 | 0.83 | 0.79 | — |
| Interest coverage | 13.3 | 10.7 | 38.0 | 7.6 | — | — |
| Working capital | $1.38B | $1.14B | $808.0M | $157.0M | $84.0M | — |
| Invested capital | $3.75B | $3.70B | $3.40B | $3.49B | $3.47B | — |
| Tangible asset value | −$256.0M | −$1.18B | −$1.57B | $285.0M | $166.0M | — |
| Net current asset value | −$1.16B | −$1.97B | −$2.23B | −$305.0M | −$434.0M | — |
| Graham number | $32.38 | $24.76 | $20.74 | $31.89 | $32.00 | — |
| Graham net-net per share | −$6.91 | −$10.04 | −$11.26 | −$3.75 | −$4.25 | — |
| Capital allocation | ||||||
| Dividends paid | $109.0M | $89.0M | $147.0M | $0 | — | — |
| Share buybacks (net) | $0 | $0 | $147.0M | $781.0M | $800.0M | $844.0M |
| Dividend payout ratio | 11.6% | 10.7% | 17.5% | 0.0% | — | — |
| Dividends + buybacks / free cash flow | 10.7% | 10.9% | 32.3% | 93.4% | 95.0% | 87.5% |
| Capex / revenue | 1.1% | 1.1% | 1.1% | 0.7% | 1.1% | 0.8% |
| Capex / operating cash flow | 5.8% | 6.3% | 5.6% | 3.9% | 6.0% | 3.6% |
| Capex / depreciation | 0.81 | 0.71 | 0.62 | 0.38 | 0.51 | 0.33 |
| Stock-based compensation / revenue | 1.3% | 1.3% | 1.1% | 0.8% | 0.7% | 0.7% |
| R&D / revenue | 4.8% | 4.9% | 4.5% | 4.5% | 5.2% | 5.0% |
| SG&A / revenue | 31.9% | 31.7% | 30.7% | 30.3% | 30.4% | 30.8% |
| Efficiency | ||||||
| Days sales outstanding | 56.7 | 57.6 | 59.7 | 58.9 | 58.8 | — |
| Days of inventory on hand | 49.3 | 51.1 | 55.3 | 57.7 | 59.1 | — |
| Days payables outstanding | 67.2 | 72.2 | 75.0 | 78.2 | 85.2 | — |
| Cash conversion cycle (days) | 38.8 | 36.5 | 40.0 | 38.4 | 32.7 | — |
| Receivables turnover | 6.44 | 6.34 | 6.12 | 6.19 | 6.21 | — |
| Payables turnover | 5.44 | 5.06 | 4.87 | 4.67 | 4.28 | — |
| Inventory turnover | 7.41 | 7.14 | 6.60 | 6.33 | 6.17 | — |
| Asset turnover | 0.78 | 0.86 | 0.95 | 1.01 | 0.97 | — |
| Average receivables | $854.5M | $819.0M | $821.0M | $786.5M | $757.0M | — |
| Average payables | $405.5M | $413.0M | $435.5M | $452.0M | $464.0M | — |
| Average inventory | $297.5M | $292.5M | $321.0M | $333.5M | $322.0M | — |
| Intangibles / total assets | 43.7% | 50.4% | 52.0% | 61.2% | 62.7% | — |
Computed from VLTO's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VLTO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Veralto traded at 26.6 times earnings, against a 6-year median of 26.6. Based on the latest twelve months, the trailing P/E is 25.8 and the forward P/E is 20.0. Veralto earned a return on equity of 36.6% and a return on invested capital of 27.5% in fiscal 2025. It ended the year with $2.7 billion of debt and $2.0 billion in cash and short-term investments, net debt of $642.0 million. It returned $109.0 million to shareholders: $109.0 million in dividends and $0 in share buybacks, 11% of free cash flow.
See the VLTO income statement, the VLTO chart for price history, or the VLTO stock overview for the latest quote and news.
VLTO key metrics FAQ
What is Veralto's P/E ratio?
Veralto's trailing P/E ratio is 25.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 20.0. At the end of fiscal 2025 it was 26.6, compared with a 6-year median of 26.6.
What is Veralto's EV/EBITDA?
Veralto's enterprise value was 19.0 times EBITDA at the end of fiscal 2025 (enterprise value $25.6 billion, EBITDA $1.3 billion); the current EV/EBITDA is 17.7.
What is Veralto's return on equity?
Veralto's return on equity (ROE) was 36.6% in fiscal 2025: net income of $940.0 million on average shareholders' equity of $2.6 billion.
What is Veralto's ROIC?
Veralto's return on invested capital was 27.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Veralto have?
Veralto had total debt of $2.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.86 and $642.0 million of net debt (0.48 times EBITDA).
What is Veralto's dividend yield?
Veralto's forward dividend yield is 0.51%. Veralto paid $109.0 million in dividends in fiscal 2025 ($0.44 per share), a payout ratio of 11.6%.
What is Veralto's free cash flow yield?
Veralto generated $1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 4.1% on its market value at year-end ($25.0 billion).
What is Veralto's current ratio?
Veralto's current ratio was 1.67 at the end of fiscal 2025: current assets were 1.67 times current liabilities.