Veralto Corporation (VLTO) financial statements: income statement, balance sheet and cash flow
Veralto Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Veralto Corporation reported revenue of $5.5B (+6.0% year on year) and net income of $940.0M (+12.8% year on year).
Income statement
Veralto Corporation income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Sales
$5.5B
$5.2B
$5.0B
Cost of sales
($2.2B)
($2.1B)
($2.1B)
Gross profit
$3.3B
$3.1B
$2.9B
Selling, general and administrative expenses
($1.8B)
($1.6B)
($1.5B)
Research and development expenses
($266.0M)
($253.0M)
($225.0M)
Operating profit
$1.3B
$1.2B
$1.1B
Other income (expense), net
($8.0M)
($9.0M)
($14.0M)
Interest expense, net
($96.0M)
($113.0M)
($30.0M)
Earnings before income taxes
$1.2B
$1.1B
$1.1B
Income taxes
($233.0M)
($253.0M)
($257.0M)
Net earnings
$940.0M
$833.0M
$839.0M
Basic (in usd per share)
$3.79
$3.37
$3.41
Diluted (in usd per share)
$3.76
$3.34
$3.40
Basic (in shares)
248.3M
247.3M
246.4M
Diluted (in shares)
250.3M
249.6M
246.8M
Veralto Corporation income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Oct 3, 2025 · Q4
Jul 4, 2025 · Q3
Sales
$1.5B
$1.4B
$1.4B
$1.4B
Cost of sales
($572.0M)
($568.0M)
($560.0M)
($549.0M)
Gross profit
$902.0M
$854.0M
$844.0M
$822.0M
Selling, general and administrative expenses
($514.0M)
($448.0M)
($451.0M)
($442.0M)
Research and development expenses
($73.0M)
($68.0M)
($67.0M)
($67.0M)
Operating profit
$315.0M
$338.0M
$326.0M
$313.0M
Other income (expense), net
$1.0M
$7.0M
$1.0M
$0
Interest expense, net
($27.0M)
($24.0M)
($21.0M)
($28.0M)
Earnings before income taxes
$289.0M
$321.0M
$306.0M
$285.0M
Income taxes
($48.0M)
($67.0M)
($67.0M)
($63.0M)
Net earnings
$241.0M
$254.0M
$239.0M
$222.0M
Basic (in usd per share)
$0.98
$1.03
$0.96
$0.89
Diluted (in usd per share)
$0.98
$1.02
$0.95
$0.89
Basic (in shares)
245.2M
247.6M
248.5M
248.2M
Diluted (in shares)
245.8M
249.2M
250.6M
249.9M
Balance sheet
Veralto Corporation balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$2.0B
$1.1B
$762.0M
Trade accounts receivable, less allowance for credit losses of $36 and $37, respectively
$897.0M
$812.0M
$826.0M
Inventories
$307.0M
$288.0M
$297.0M
Prepaid expenses and other current assets
$197.0M
$186.0M
$188.0M
Total current assets
$3.4B
$2.4B
$2.1B
Property, plant and equipment, net
$294.0M
$268.0M
$262.0M
Other long-term assets
$605.0M
$523.0M
$398.0M
Goodwill
$2.8B
$2.7B
$2.5B
Other intangible assets, net
$524.0M
$535.0M
$427.0M
Total assets
$7.7B
$6.4B
$5.7B
Current portion of long-term debt
$700.0M
—
—
Trade accounts payable
$416.0M
$395.0M
$431.0M
Accrued expenses and other liabilities
$940.0M
$850.0M
$834.0M
Total current liabilities
$2.1B
$1.2B
$1.3B
Other long-term liabilities
$558.0M
$517.0M
$410.0M
Long-term debt
$2.0B
$2.6B
$2.6B
Preferred stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates
0
0
0
Common stock - $0.01 par value as of December 31, 2025 and December 31, 2024, 1.0 billion shares authorized as of both dates; and 248.4 million shares and 247.4 million shares issued and outstanding, respectively
2.0M
2.0M
2.0M
Additional paid-in capital
$2.3B
$2.2B
$2.2B
Retained earnings
$1.7B
$917.0M
$178.0M
Accumulated other comprehensive loss
($913.0M)
($1.1B)
($954.0M)
Total Veralto stockholders’ equity
$3.1B
$2.0B
$1.4B
Noncontrolling interests
$1.0M
$7.0M
$6.0M
Total stockholders’ equity
$3.1B
$2.0B
$1.4B
Total liabilities and stockholders’ equity
$7.7B
$6.4B
$5.7B
Veralto Corporation balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Oct 3, 2025
Jul 4, 2025
Cash and cash equivalents
$2.1B
$1.4B
$1.8B
$1.6B
Trade accounts receivable, less allowance for credit losses of $35 and $36, respectively
$921.0M
$922.0M
$875.0M
$878.0M
Finished goods
$144.0M
$143.0M
$158.0M
$144.0M
Work in process
$49.0M
$49.0M
$48.0M
$48.0M
Raw materials
$143.0M
$140.0M
$134.0M
$137.0M
Total inventories
$336.0M
$332.0M
$340.0M
$329.0M
Prepaid expenses and other current assets
$276.0M
$259.0M
$205.0M
$187.0M
Total current assets
$3.7B
$2.9B
$3.2B
$3.0B
Property, plant and equipment, net of accumulated depreciation of $541 and $526, respectively
$298.0M
$297.0M
$285.0M
$284.0M
Other long-term assets
$613.0M
$620.0M
$596.0M
$560.0M
Goodwill
$3.2B
$3.0B
$2.8B
$2.8B
Other intangible assets, net
$828.0M
$750.0M
$529.0M
$539.0M
Total assets
$8.6B
$7.7B
$7.4B
$7.2B
Current portion of long-term debt
$700.0M
$700.0M
$700.0M
—
Trade accounts payable
$425.0M
$426.0M
$400.0M
$411.0M
Accrued expenses and other liabilities
$932.0M
$858.0M
$937.0M
$864.0M
Total current liabilities
$2.1B
$2.0B
$2.0B
$1.3B
Other long-term liabilities
$724.0M
$701.0M
$572.0M
$563.0M
Long-term debt
$2.7B
$2.0B
$2.0B
$2.7B
Preferred stock - $0.01 par value as of July 3, 2026 and December 31, 2025, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates
0
0
0
0
Common stock - $0.01 par value, 1.0 billion shares authorized, 249.3 million issued and 244.2 million outstanding as of July 3, 2026; $248.4 million issued and outstanding as of December 31, 2025
2.0M
2.0M
2.0M
2.0M
Additional paid-in capital
$2.3B
$2.3B
$2.3B
$2.2B
Treasury stock
($438.0M)
($303.0M)
—
—
Retained earnings
$2.2B
$2.0B
$1.5B
$1.3B
Accumulated other comprehensive loss
($960.0M)
($948.0M)
($932.0M)
($892.0M)
Total Veralto stockholders' equity
$3.1B
$3.0B
$2.8B
$2.7B
Noncontrolling interests
$1.0M
$1.0M
$1.0M
$8.0M
Total stockholders' equity
$3.1B
$3.0B
$2.8B
$2.7B
Total liabilities and stockholders' equity
$8.6B
$7.7B
$7.4B
$7.2B
Cash flow statement
Veralto Corporation cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net earnings
$940.0M
$833.0M
$839.0M
Depreciation
$42.0M
$40.0M
$39.0M
Amortization of intangible assets
$36.0M
$38.0M
$48.0M
Stock-based compensation expense
$74.0M
$65.0M
$55.0M
Loss on product line dispositions
$6.0M
$15.0M
—
Impairments and other charges
$6.0M
—
—
Change in deferred income taxes
($49.0M)
($74.0M)
($25.0M)
Change in trade accounts receivable, net
($50.0M)
$3.0M
$2.0M
Change in inventories
($6.0M)
$3.0M
$52.0M
Change in trade accounts payable
$8.0M
($29.0M)
($1.0M)
Change in prepaid expenses and other assets
($40.0M)
($48.0M)
($54.0M)
Change in accrued expenses and other liabilities
$110.0M
$29.0M
($7.0M)
Net cash provided by operating activities
$1.1B
$875.0M
$963.0M
Cash paid for acquisitions, net of cash acquired
$0
($363.0M)
$0
Payments for additions to property, plant and equipment
($63.0M)
($55.0M)
($54.0M)
All other investing activities
($35.0M)
($16.0M)
($3.0M)
Net cash used in investing activities
($98.0M)
($434.0M)
($55.0M)
Proceeds from issuance of common stock in connection with stock-based compensation
22.0M
24.0M
4.0M
Net transfers to Former Parent
$0
$0
($147.0M)
Consideration paid to Former Parent in connection with Separation
$0
$0
($2.6B)
Payment of dividends
($109.0M)
($89.0M)
—
Proceeds from borrowings (maturities longer than 90 days)
$0
$0
—
All other financing activities
($15.0M)
—
$0
Net cash used in financing activities
($102.0M)
($65.0M)
($135.0M)
Effect of exchange rate changes on cash and cash equivalents
$53.0M
($37.0M)
($11.0M)
Net change in cash and cash equivalents
$930.0M
$339.0M
$762.0M
Beginning balance of cash and cash equivalents
$1.1B
$762.0M
$0
Ending balance of cash and cash equivalents
$2.0B
$1.1B
—
Cash interest payments
$138.0M
$137.0M
—
Total Taxes Paid
$235.0M
$293.0M
—
Veralto Corporation cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Oct 3, 2025 · YTD
Jul 4, 2025 · YTD
Net earnings
$495.0M
$254.0M
$686.0M
$447.0M
Depreciation
$23.0M
$11.0M
$31.0M
$20.0M
Amortization of intangible assets
$30.0M
$13.0M
$27.0M
$18.0M
Stock-based compensation expense
$40.0M
$16.0M
$61.0M
$40.0M
Loss on product line dispositions
$0
$0
$6.0M
$6.0M
Gain from the step acquisition of previously held minority interest
($7.0M)
$7.0M
—
—
Change in trade accounts receivable, net
($10.0M)
($23.0M)
($29.0M)
($30.0M)
Change in inventories
($20.0M)
($16.0M)
($39.0M)
($27.0M)
Change in trade accounts payable
$4.0M
$9.0M
($8.0M)
$1.0M
Change in prepaid expenses and other assets
($40.0M)
($14.0M)
($46.0M)
($25.0M)
Change in accrued expenses and other liabilities
$7.0M
($61.0M)
$77.0M
$46.0M
Net cash provided by operating activities
$522.0M
$182.0M
$766.0M
$496.0M
Cash paid for acquisitions, net of cash acquired
($620.0M)
($426.0M)
—
—
Payments for additions to property, plant and equipment
($24.0M)
($12.0M)
($43.0M)
($31.0M)
All other investing activities
($1.0M)
($1.0M)
($20.0M)
($20.0M)
Net cash used in investing activities
($645.0M)
($439.0M)
($63.0M)
($51.0M)
Payment of dividends
($64.0M)
($32.0M)
($82.0M)
($54.0M)
Proceeds from the issuance of common stock in connection with stock-based compensation
5.0M
0
20.0M
13.0M
Payments for repurchase of common stock
($434.0M)
($300.0M)
—
—
Net proceeds from borrowings (maturities longer than 90 days)
$719.0M
—
—
—
Net cash provided by (used in) financing activities
$226.0M
($332.0M)
($77.0M)
($41.0M)
Effect of exchange rate changes on cash and cash equivalents