Veralto - Public Comps and Valuation Multiples

Veralto Overview

About Veralto

Veralto is a diversified industrial firm organized into two segments, water quality as well as product quality and innovation. The water quality segment offers water analytics and water treatment solutions, while the product quality and innovation segment offers coding, packaging, and color solutions for consumer packaged goods and pharmaceuticals. Headquartered in Waltham, Massachusetts, the company has around 17,000 employees. Veralto generated approximately $5.2 billion in revenue in 2024.

Founded

2022

HQ

Employees

17K+

Website

veralto.com

Sectors

Environmental & Facilities Services
Service Providers
ClimateTech

Financials

LTM Revenue $5.4B

LTM EBITDA $1.3B

EV

$28.2B

Valuation Multiples

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Veralto Financials

As of August 2025, Veralto reported last 12-month revenue of $5.4B and EBITDA of $1.3B.

In the same period, Veralto generated $3.2B in LTM gross profit and $930M in net income.

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Veralto P&L

In the most recent fiscal year, Veralto reported revenue of $5.2B and EBITDA of $1.3B.

Veralto expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$5.4B	XXX	$5.2B	XXX	XXX	XXX
Gross Profit	$3.2B	XXX	$3.1B	XXX	XXX	XXX
Gross Margin	60%	XXX	60%	XXX	XXX	XXX
EBITDA	$1.3B	XXX	$1.3B	XXX	XXX	XXX
EBITDA Margin	25%	XXX	25%	XXX	XXX	XXX
EBIT	$1.3B	XXX	$1.2B	XXX	XXX	XXX
EBIT Margin	24%	XXX	23%	XXX	XXX	XXX
Net Profit	$930M	XXX	$833M	XXX	XXX	XXX
Net Margin	17%	XXX	16%	XXX	XXX	XXX
Net Debt	XXX	XXX	$1.5B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Veralto including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $5.4B. EBITDA for the last twelve months was $1.3B. In the most recent fiscal year, Veralto achieved $5.2B in revenue and $1.3B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$5.4B	Analyst estimates available to subscribers	$5.2B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$3.2B	Analyst estimates available to subscribers	$3.1B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	59.9% gross margin	Analyst estimates available to subscribers	59.8% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$1.3B	Analyst estimates available to subscribers	$1.3B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	24.9% EBITDA margin	Analyst estimates available to subscribers	24.6% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$1.3B	Analyst estimates available to subscribers	$1.2B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	24.0% EBIT margin	Analyst estimates available to subscribers	23.3% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$930M	Analyst estimates available to subscribers	$833M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	17.2% net profit margin	Analyst estimates available to subscribers	16.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$1.5B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Veralto

This financial data table provides comprehensive performance metrics for Veralto, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Veralto generated $5.4B in revenue over the last twelve months.
The company achieved $1.3B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $3.2B.
Net income over the last twelve months reached $930M.

Fiscal Year Performance

In the most recent fiscal year, Veralto reported $5.2B in total revenue.
Fiscal year EBITDA was $1.3B.
The company maintained a gross profit margin of 59.8% in the most recent fiscal year.
EBITDA margin for the fiscal year was 24.6%.
Net profit margin reached 16.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Veralto. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Veralto Stock Performance

Veralto has current market cap of $27.1B, and EV of $28.2B.

Market Cap Evolution

Veralto Stock Data

As of September 12, 2025, Veralto's stock price is $109.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$28.2B	$27.1B	XXX	XXX	XXX	XXX	$3.71

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Veralto Valuation Multiples

Veralto's trades at 5.4x EV/Revenue multiple, and 22.1x EV/EBITDA.

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Veralto Financial Valuation Multiples

As of September 12, 2025, Veralto has market cap of $27.1B and EV of $28.2B.

Equity research analysts estimate Veralto's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Veralto has a P/E ratio of 29.1x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$27.1B	XXX	$27.1B	XXX	XXX	XXX
EV (current)	$28.2B	XXX	$28.2B	XXX	XXX	XXX
EV/Revenue	5.2x	XXX	5.4x	XXX	XXX	XXX
EV/EBITDA	20.9x	XXX	22.1x	XXX	XXX	XXX
EV/EBIT	21.7x	XXX	23.3x	XXX	XXX	XXX
EV/Gross Profit	8.7x	XXX	n/a	XXX	XXX	XXX
P/E	29.1x	XXX	32.5x	XXX	XXX	XXX
EV/FCF	31.8x	XXX	34.4x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Veralto Margins & Growth Rates

Veralto's last 12 month revenue growth is 6%

Veralto's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Veralto's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Veralto's rule of X is 39% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Veralto Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	6%	XXX	6%	XXX	XXX	XXX
EBITDA Margin	25%	XXX	25%	XXX	XXX	XXX
EBITDA Growth	8%	XXX	6%	XXX	XXX	XXX
Rule of 40	30%	XXX	30%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	39%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	5%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	37%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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