Veralto
Supplies water analytics, treatment, marking, packaging, color, and traceability systems.
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Profile
Sells water analytics and treatment systems alongside marking, coding, packaging, color, and traceability tools through two segments. Water Quality is the larger business, while a broad installed base produces recurring revenue from reagents, chemicals, inks, parts, service, and software.
Provides water analytics and treatment through Water Quality, led by Hach, Trojan Technologies, ChemTreat, and environmental monitoring brands. Instruments, reagents, treatment chemicals, ultraviolet disinfection, services, and software support utilities and industrial users worldwide.
Product Quality & Innovation combines Videojet and Linx marking and coding, Esko packaging workflows, X-Rite and Pantone color management, and TraceGains food-supply software. These systems support packaging, traceability, recalls, compliance, and product consistency for consumer-goods, food, pharmaceutical, and industrial customers.
A broad installed base drives recurring consumables, parts, service, and software sales, while the Veralto Enterprise System guides operating improvement and acquisitions. Demand is tied to regulated water, food, pharmaceutical, and packaging workflows; operations also depend on global supply chains and compliance with environmental, privacy, and trade rules.
Company facts
Key statistics
Year to date −0.0% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Neutral | $102 | $104 |
| Jul 30, 2026 | Robert W. Baird | Target | $103 | $111 | |
| Jul 30, 2026 | RBC Capital | Reiterate | Sector Perform | $102 | $109 |
| Jul 30, 2026 | Stifel Nicolaus | Target | $111 | $114 | |
| Jul 20, 2026 | Stifel Nicolaus | Target | $110 | $111 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.01 | $1.11 | +9.9% | $1.45B | $1.47B | +1.3% | +0.37% |
| Apr 28, 2026Q1 FY26 | $1.02 | $1.07 | +4.9% | $1.40B | $1.42B | +1.6% | +4.52% |
| Feb 3, 2026Q4 FY25 | $0.98 | $1.04 | +6.3% | $1.41B | $1.40B | −0.7% | −6.20% |
| Oct 28, 2025Q3 FY25 | $0.95 | $0.99 | +4.7% | $1.40B | $1.40B | +0.4% | −2.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.37B | $1.40B | $1.40B | $1.42B | $1.47B | |
| Gross profit | $805.0M | $822.0M | $844.0M | $828.0M | $854.0M | $902.0M | |
| Operating income | $322.0M | $313.0M | $326.0M | $316.0M | $338.0M | $315.0M | |
| Net income | $225.0M | $222.0M | $239.0M | $254.0M | $254.0M | $241.0M | |
| Diluted EPS | $0.90 | $0.89 | $0.95 | $1.01 | $1.02 | $0.98 | |
| Gross margin | 60.4% | 60.0% | 60.1% | 59.3% | 60.1% | 61.2% | |
| Operating margin | 24.2% | 22.8% | 23.2% | 22.6% | 23.8% | 21.4% |
Fiscal years (4-quarter sums)FY22 $4.88B · FY23 $5.02B · FY24 $5.19B · FY25 $5.50B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $2.12B · Total debt $3.38B · Total assets $8.56B · Shareholders' equity $3.10B
Dividends
Last raised to $0.13 from $0.11 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 31 | $0.13 | |
| Mar 31, 2026 | Mar 31 | Apr 30 | $0.13 | |
| Dec 31, 2025 | Dec 31 | Jan 30 | $0.13 | raised from $0.11 |
| Sep 30, 2025 | Sep 30 | Oct 31 | $0.11 | |
| Jun 30, 2025 | Jun 30 | Jul 31 | $0.11 | |
| Mar 31, 2025 | Mar 31 | Apr 30 | $0.11 | |
| Dec 31, 2024 | Dec 31 | Jan 31 | $0.11 | raised from $0.09 |
| Sep 27, 2024 | Sep 27 | Oct 31 | $0.09 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 243.79M · Float 243.26M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.65M | 9.29% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 16.04M | 6.58% | 13F | Aug 13, 2026 |
| T. Rowe Price Investment Management, Inc. | 13.72M | 5.60% | 13G | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 12.15M | 4.98% | 13F | Aug 13, 2026 |
| State Street Corp | 11.13M | 4.57% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Surekha Trivedi | officer: SVP, Strategy & Sustainability | −986 | $97.05 |
| Jul 29, 2026 | Jennifer Honeycutt | director, officer: President and CEO | −7,097 | $101.52 |
| Jul 17, 2026 | Jennifer Honeycutt | director, officer: President and CEO | −7,097 | $95.00 |
| May 1, 2026 | Bernard M. Skeete | officer: Chief Accounting Officer | −300 | $88.21 |
| Feb 27, 2026 | Melissa Kapity | officer: SVP, Water Quality | −7,105 | $96.60 |
Peers
- Xylem
Broad water-cycle rival in analytics, treatment, flow, and software
- Dover
Marking, coding, traceability, and consumables rival
- Ecolab
Industrial water-treatment and process-chemistry competitor
- Thermo Fisher Scientific
Water-analysis instruments and lab-platform overlap
- Badger Meter
Flow, water-quality monitoring, and utility data overlap
- Zebra Technologies
AIDC and traceability peer across labels, RFID, and scanning
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Veralto | $97.11 | −1.38% | $24.03B | 24.9 | 21.8 | 4.2 | +7.5% |
| Xylem | $112.64 | +1.19% | $25.99B | 26.5 | 18.9 | 2.8 | +1.5% |
| Dover | $199.49 | +0.43% | $26.76B | 24.0 | 17.6 | 3.2 | +6.9% |
| Ecolab | $275.05 | −4.11% | $80.70B | 38.5 | 33.2 | 4.8 | +9.7% |
| Thermo Fisher Scientific | $620.01 | −0.32% | $231.22B | 33.5 | 23.7 | 5.0 | +10.5% |
| Badger Meter | $136.00 | +0.23% | $3.93B | 31.7 | 29.0 | 4.5 | −6.6% |
| Zebra Technologies | $356.45 | +0.03% | $16.98B | 33.5 | 17.2 | 2.9 | +20.4% |
| Median | 32.6 | 21.3 | 3.8 | +8.3% |