Veralto Corporation (VLTO) is a Technology stock trading at $99.43 (as of 2026-08-20), with a market capitalization of $24.42B and a trailing P/E of 25.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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, research, and natural resource applications under the Hach, Trojan Technologies, ChemTreat and other brands. This segment also provides water solutions, including chemical reagents, services, and digital solutions. The PQI segment offers marking and coding for packaged goods and related consumables; a software solution that provides digital asset management, marketing resource management, and product information management; inline printing solutions for products and packaging with marking and coding systems; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; and color standard services for the design industry. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands. The company serves industries, such as municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.
Veralto provides water analytics and water treatment, marking and coding, and packaging and color solutions, and it makes money by selling instruments, technologies, chemical reagents, services, and related digital solutions to customers across residential, commercial, municipal, industrial, research, and natural resource applications.
Its profit model is structurally supported by recurring revenue within Product Quality & Innovation (recurring revenue mix is 63%) and a large direct-to-customer chemistry mix (Chemtree is 75%), which together indicate more repeatable revenue drivers versus purely one-time equipment sales.
| WQ | $0.8B |
| PQI | $0.6B |
Business quality (Solid): Veralto sells two clear business lines, with operating focus on how much of PQI sales is recurring (63%) and how much chemistry is delivered directly to customers (75%), which can support stability but also means results could be sensitive to changes in those mixes.
Valuation: At 21× earnings, VLTO trades 65% below the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.
| Price | $99.43 |
| Market Cap | $24.42B |
| P/E Ratio | 25.2 |
| EV / EBITDA | 18.6 |
| Price / Book | 8.12 |
| Price / Sales | 4.37 |
| FCF Yield | 4.3% |
| DCF Value (model) | $55.04 |
| DCF Upside vs Price | -44.6% |
| Revenue (TTM) | $5.50B |
| Net Margin | 17.1% |
| Revenue Growth (YoY) | 6.8% |
| EPS Growth (YoY) | 13.2% |
| FCF Growth (YoY) | 19.7% |
| Altman Z-Score | 5.02 (safe) |
| Piotroski F-Score | 5/9 (moderate) |
| Stock P/E | 25.2 |
| Sector P/E (Technology) | 33.9 |
| Industry P/E (Measuring & Control Equipment) | 51.8 |
| vs Sector | -25.7% |
| vs Industry | -51.4% |
| Top Institutional Holder | VANGUARD GROUP INC ($2.99B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Technology |
| Industry | Measuring & Control Equipment |
| CEO | Jennifer L. Honeycutt |
| Employees | 17,000 |
| Country | US |
| IPO Date | 2023-10-04 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.