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VLTO

Veralto Corporation
$101.31
-0.05% Oct 21 close
IndustrialsS&P 500 Compare
1M3M6M1Y2Y
-21%-11%-2%+8%+17%Oct 2025Oct 2026Apr 2026
VLTOSPY
1W
+0.6%
1M
+6.6%
3M
+11.3%
6M
+14.2%
YTD
+2.0%
1Y
-1.8%

Live chart

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What they do

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial.

Industrials · Pollution & Treatment Controls

For information only · Important disclosures

Grades vs sector

Momentum
35th percentile in sector
C-
12-1 return: -3.9%
Percentile within its GICS sector across the S&P 1500.
Growth
41st percentile in sector
C
Revenue growth (YoY): +7.5%
Percentile within its GICS sector across the S&P 1500.
Value
32nd percentile in sector
D+
Forward E/P: 4.7% · EBITDA/EV: 5.3%
Percentile within its GICS sector across the S&P 1500.
Profitability
87th percentile in sector
A-
Profit margin: +17.3% · Return on equity: +34.3%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
 Momentum Top 15
ranked 390 of 499 · 12-month momentum -7.2%
 Momentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 Coteau Long Book
Not in the current book

News

More news
3 S&P 500 Stocks We Find Risky
StockStory · Oct 20

Key stats

Market value$24.7B
P/E (last 12 months)25.5
P/E (next 12 months, estimated)21.2
52-week range$80.03 – $105.75
Revenue growth (latest quarter vs a year ago)+7.5%
Dividend yield0.51%
Analyst consensusBuy (16)
Average analyst price target$114.00 (+13%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
•DCF (base case)below the price by 12%
▼Forward P/E vs sector21.2x vs median 17.1x
•Piotroski F-score6/9
▲Net debt / EBITDA0.9x
•Analyst target+13% (16 analysts)

Discounted cash flow

Bear
$52
-48%
growth 1% · disc. 9.1% · term. 2.0%
Base
$89
-12%
growth 6% · disc. 8.1% · term. 2.5%
Bull
$146
+44%
growth 9% · disc. 7.1% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 7% a year for 10 years.
Implied
+7%/yr
FCF, last 3 yrs
+7%/yr
FCF, last 5 yrs
n/a
Revenue, last 3 yrs
+4%/yr
Revenue, last 5 yrs
n/a
Same inputs as the DCF above: trailing free cash flow 1.0B, 8.1% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-04-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.78 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)
sector median 26.4× · 48th pct
 25.5×
cheaper
Forward P/E
sector median 17.1× · 67th pct
 21.2×
pricier
EV / EBITDA
sector median 14.8× · 71st pct
 18.8×
pricier
Price / sales
sector median 2.1× · 80th pct
 4.4×
pricier
Price / book
sector median 3.5× · 83rd pct
 8.2×
pricier
FCF yield
sector median 4.5% · 45th pct
 4.2%
pricier

Forward EPS $4.79 vs trailing $3.97 (+21% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$322.0M
as of 2026-04-03
vs a year ago
+4%
YoY
× TTM revenue
0.06×
coverage
24-06
24-09
24-12
25-04
25-07
25-10
25-12
26-04

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
59.9%
Operating margin
23.1%
FCF margin
18.6%
Net margin
17.3%
Return on equity
32.2%
Return on invested capital
24.5%
Net debt / EBITDA
0.9×
Current ratio
1.5×
Interest cover
13.9×
Cash conversion (OCF/NI)
1.1×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✓ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$114
+13%
Analysts
16
Buy
Range
$100–$133
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$5.5B$940.0M$1.0B
2024$5.2B$833.0M$820.0M
2023$5.0B$839.0M$909.0M
2022$4.9B$845.0M$836.0M
2021$4.7B$861.0M$842.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +4.2%.

Earnings

Next report: 2026-10-29 · after close · EPS est 1.09
24-1025-0225-0425-0725-1026-0226-0426-070.001.11
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-281.011.11+10.3%
2026-04-281.011.07+6.4%
2026-02-030.981.04+6.0%
2025-10-280.950.99+4.4%
2025-07-280.880.93+5.2%
2025-04-290.870.95+9.7%
2025-02-040.890.95+6.5%
2024-10-230.850.89+4.6%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$1.5B+7.5%
2026-03-31$1.4B–
2025-12-31$1.4B–
2025-09-30$1.4B–
2025-06-30$1.4B–
Analyst actions
UBS
2026-10-05 · main
Neutral → Neutral
PT $106
UBS
2026-07-30 · main
Neutral → Neutral
PT $104
BNP Paribas
2026-07-30 · reit
Outperform → Outperform
PT $120
RBC Capital
2026-07-30 · main
Sector Perform → Sector Perform
PT $109
Citigroup
2026-07-30 · main
Neutral → Neutral
PT $107
Stifel
2026-07-30 · main
Buy → Buy
PT $114

Recent dividends

2026-09-30: $0.130 · 2026-06-30: $0.130 · 2026-03-31: $0.130 · 2025-12-31: $0.130 · 2025-09-30: $0.110 · 2025-06-30: $0.110 · 2025-03-31: $0.110 · 2024-12-31: $0.110
Insider trades
Trivedi Surekha
SVP, Strategy & Sustainability · 2026-08-17
Sell
$95.7K
Honeycutt Jennifer
Director, President and CEO · 2026-07-29
Sell
$720.5K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:06:49 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

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Beta 0.9 · Oct 21, 2026