Filing Flows

Filing Flows › Industrials › Veralto (VLTO)

Veralto (VLTO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Veralto (VLTO) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $1.5B · 17¢ of every $1 of revenue kept as net profit · operating margin 19.7%

Veralto made $1.5B in Q3 2026 (+8% Y/Y): Recurring $944M, Nonrecurring $565M. Operating margin 19.7%, net earnings $253M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$1.5B
Year over year+8%
Operating margin19.7%
Net earnings$253M
Operating cash flow$323M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Veralto Q3 2026 revenue breakdown: Sankey diagram of revenue (Recurring, Nonrecurring), costs, profit and cash flow
Veralto Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $1.5B in Q3 2026, up 7% year over year and up 2% from the previous quarter. Recurring was the largest line at 63% of revenue. Recurring added $0.07B year over year (up 8%), 65% of the total change.

Gross margin was 60.2%, up 0.1 points from Q3 2025. Operating profit was $0.30B, a 19.7% margin (down 3.5 points year over year). Operating profit fell $0.03B even though revenue rose $0.10B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 7%. The fastest-growing cost line was SG&A (+20%). Net earnings were $0.25B, up 6% year over year. The effective tax rate was 7.3%.

Operating cash flow was $0.32B (up 20% year over year), 128% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.02B left free cash flow of $0.30B.

Quarterly history

Veralto revenue by quarterVeralto revenue by quarter$1.3BQ1 2025$1.4BQ2 2025$1.4BQ3 2025$1.4BQ4 2025$1.4BQ1 2026$1.5BQ2 2026$1.5BQ3 2026
Veralto net earnings by quarterVeralto net earnings by quarter$225MQ1 2025$222MQ2 2025$239MQ3 2025$254MQ4 2025$254MQ1 2026$241MQ2 2026$253MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$1.5B+8%19.7%$253M$323M
Q2 202610-QJul 29, 2026$1.5B+8%21.4%$241M$340M
Q1 202610-QApr 29, 2026$1.4B+7%23.8%$254M$182M
Q4 202510-KFeb 20, 2026$1.4B+4%22.6%$254M$311M
Q3 202510-QOct 29, 2025$1.4B+7%23.2%$239M$270M
Q2 202510-QJul 28, 2025$1.4B+6%22.8%$222M$339M
Q1 202510-QApr 30, 2025$1.3B+7%24.2%$225M$157M

Charts

Veralto: revenue growth, year over year and quarter over quarterVeralto: revenue growth, year over year and quarter over quarterY/YQ/Q+7%Q1 2025+6%+3%Q2 2025+7%+2%Q3 2025+4%-1%Q4 2025+7%+2%Q1 2026+8%+4%Q2 2026+8%+2%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q +2%.
Veralto: where the cash came from (+) and went (−), TTM to Q3 2026Veralto: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.2BOther financing−$974MNet borrowing (+) / repaid (−)$719MAcquisitions−$683MDividends−$123MCapital spending−$63.0MExchange rates−$18.0MOther investing−$18.0MShares issued$14.0MCash drawn (+) / kept (−)−$10.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Veralto: profit against cash, quarter by quarterVeralto: profit against cash, quarter by quarterNet incomeOperating cash flow$227M$285MQ4 2024$225M$157MQ1 2025$222M$339MQ2 2025$239M$270MQ3 2025$254M$311MQ4 2025$254M$182MQ1 2026$241M$340MQ2 2026$253M$323MQ3 2026
Latest (Q3 2026): Net income $253M, Operating cash flow $323M.
Veralto: diluted shares by fiscal yearVeralto: diluted shares by fiscal year246MFY2021246MFY2022247MFY2023250MFY2024250MFY2025
+1.6% since FY2021: more shares outstanding (issuance, stock pay).
Veralto: long-term debt falling due (FY2025)Veralto: long-term debt falling due (FY2025)$700M2026$700M2028$1.3BLater
Cash $2.0B, short-term investments —, long-term debt $2.7B at 2025-12-31.
Veralto in its industry: growth against margin (9 companies, SIC 3825)Veralto in its industry: growth against margin (9 companies, SIC 3825)revenue growth, year over year →↑ operating marginmedian +18%median 14%TERITRICOHUALNTTRNSINTTFEIMDAIOVLTO (+8%, 20%)
Instruments For Meas & Testing of Electricity & Elec Signals; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Veralto

Veralto Corporation’s unifying purpose is Safeguarding the World’s Most Vital Resources TM . Our diverse group of leading operating companies provide essential technology solutions that monitor, enhance and protect key resources around the globe. We are committed to the advancement of public health and safety and believe we are positioned to support our customers as they address large global challenges including environmental resource sustainability, water scarcity, management of severe weather events, food and pharmaceutical security, and the impact of an aging workforce. For decades, we have used our scientific expertise and innovative technologies to address complex challenges our customers face across regulated industries – including municipal utilities, food and beverage, pharmaceutical and industrials – where the consequence of failure is high.

In its own words, from its 10-K, filed Feb 20, 2026.

Veralto against its Instruments For Meas & Testing of Electricity & Elec Signals peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +34%. Operating margin: 19.7% against the peers' median 15.9%.

CompanyQuarterRevenueY/YOp. margin
VLTO VeraltoQ3 2026$1.5B+8%19.7%
TER TeradyneQ3 2026$1.3B+70%30.8%
ITRI ItronQ3 2026$599M+3%15.9%
COHU CohuQ3 2026$173M+37%7.4%
ALNT AllientQ3 2026$164M+18%13.6%
TRNS TranscatQ2 FY27$97.1M+18%5.2%
INTT IntestQ3 2026$35.1M+34%7.8%
AEHR Aehr Test SystemsQ3 2026$33.0M—18.3%
FEIM Frequency ElectronicsQ1 FY27$23.5M+70%22.2%

Source: Veralto 10-Q on SEC EDGAR · CIK 1967680 · Instruments For Meas & Testing of Electricity & Elec Signals

Guidance and outlook

Veralto: what its forward-looking statements are about (10-Q filed 2026-10-30)Veralto: what its forward-looking statements are about (10-Q filed 2026-10-30)Demand3Costs2Capital spending2Financing2Other1
10 statements; tone +0.30 (−1 all cautious, +1 all confident); 4 hedged.
Veralto: outlook statements against the filing beforeVeralto: outlook statements against the filing beforeConfident3

13F: who owns VLTO and who is buying

Largest holders of VLTO (13F)Largest holders of VLTO (13F)Vanguard Group$3.0BBlackRock$2.0BVanguard Capital Management LLC$1.4BT. Rowe Price Investment Manageme…$1.2BVanguard Portfolio Management LLC$1.1BState Street$989MFirst Trust Advisors LP$726MGeode Capital Management, LLC$653MInvesco$491MImpax Asset Management Group$460M
Funds' net buying of VLTO by quarter (13F)Funds' net buying of VLTO by quarter (13F)−$272M2024-09$129M2024-12−$80.2M2025-03$150M2025-06−$42.8M2025-09$557M2025-12−$536M2026-03$490M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VLTO

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare VLTO with

中文版：Veralto（VLTO）财报

Español · Français