Overall verdict
Buy
6.8/10
1-year performance
-8.36%
Score breakdown
Down 8.4% over 1 year, 60% of the 52-week range.
Strongest: Profitability 10.0/10. Weakest: Valuation 4.2/10.
16 analysts, target +0.2% vs the price.
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 software 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.
Sector
Industrials
Industry
Commercial Services and Supplies
Primary listing
Nyse
United States
CEO
Jennifer Honeycutt
Founded
2022
Employees
17 000
Revenue / employee
323 706 USD
Next earnings
October 29, 2026 (estimated)
Institutional holders
- BlackRock, Inc.9.24%
- VANGUARD CAPITAL MANAGEMENT LLC6.55%
- T. Rowe Price Investment Management, Inc.5.60%
- VANGUARD PORTFOLIO MANAGEMENT LLC4.96%
- STATE STREET CORP4.54%
- FIRST TRUST ADVISORS LP3.34%
- GEODE CAPITAL MANAGEMENT, LLC3.02%
- Invesco Ltd.2.26%
- Impax Asset Management Group plc2.12%
- Other institutions55.23%
- Rest of the register3.14%
975 13F filings as of June 30, 2026: US managers above $100M, filed up to 45 days after quarter end. No insiders, no retail. A share on loan is declared by its lender and by whoever bought it from the short seller, so the total can exceed 100%.
Research uses the underlying stock’s market history. The purchase quote is calculated separately when you review your order.
52-week high
107.90 USD
52-week low
80.03 USD
1-year performance
-8.36%
Declining
Year-to-date performance
-2.10%
Declining
Drawdown
-10.43%
Mild pullback
Position in the 52-week range
60% of range
Range: 77.98 USD - 87.17 USD (comparables only)
The price implies growth of 6.61% per year; the company grows at 5.00%.
Quality and profitability
10.0/10Gross margin 59.3%, net margin 17.3%, ROIC 17.8%, ROE 34.4%.
Net margin
17.35%
Exceptional
Sector 5.30%|S&P 12.97%
Gross margin
59.34%
Exceptional
Return on equity (ROE)
34.37%
Exceptional
Sector 5.44%|S&P 16.52%
Return on invested capital (ROIC)
17.80%
Exceptional
Free cash flow margin (FCF)
18.38%
Exceptional
Profit-to-cash conversion (FCF conversion)
1.06x
Exceptional
Margin stability
0.7 pts
Very steady
Revenue to net income
Growth
5.3/10Revenue up 7.5% over 1 year, 4.8% a year over 5, EPS 5.0% a year over 5.
Revenue (trailing 12 months)
5.7Md USD
Revenue growth (1y)
7.51%
Strong
Revenue growth (3y)
13.00%
Moderate
EPS growth (1y)
10.37%
Hyper-growth
EPS CAGR (5y)
5.00%
Low
EPS revisions (3 months)
3.60%
Revised up
Valuation
4.2/10P/E 24.4x, forward P/E 23.6x, EV/EBITDA 18.0x, PEG 4.87. The multiple sits in the 32th percentile of its own 5-year history.
P/E (TTM)
24.4x
Fair
Sector 22.0x|S&P 23.0x
Forward P/E
23.6x
Fair
EV / EBITDA
18.0x
Expensive
Sector 13.6x|S&P 14.6x
PEG
4.87
Very expensive
Sector 2.05|S&P 0.86
Fair value (reverse DCF)
82.57 USD
Overvalued
P/E vs its own 5-year history
among the 32% lowest valuations
Cheaper than usual
Market cap
23.7Md USD
Financial strength
8.9/10Cash covers 62.7% of the debt, net debt/EBITDA 0.6x.
Net debt / EBITDA
0.6x
Very solid
Gearing (net debt / equity)
40.67%
Solid
Cash
2.1Md USD
Cash / market cap
8.95%
Solid
Cash / total debt
62.71%
Very solid
Interest coverage
14.1x
Very solid
Net debt
1.3Md USD
Equity
3.1Md USD
Closed daily candles, 2 years
Last close on September 29, 2026: 96.65 USD
- MM2095.83
- MM5096.34
- MM20093.06
- RSI 1452.8
Top panel: closed candles, 20, 50 and 200-day moving averages, with volume in grey. Bottom panel: 14-day RSI with dashed 30 and 70 levels.
200-day average slope, 1 month
-0.42%
200-day average slope, 3 months
-2.24%
50-day average slope, 1 month
+2.57%
Price structure
higher-low
Bullish RSI divergence
No
20-day volatility
0.98 % per day
Volatility change
-31.87%
Forecasts by fiscal year
| Fiscal year | EPS | Normalised EPS | Revenue | EBITDA | Net income |
|---|---|---|---|---|---|
| 2026 | 4.10 (6) | 4.40 (14) | 5 911 (13) | 1 510 (11) | 1 003 (7) |
| 2027 | 4.64 (6) | 4.78 (14) | 6 247 (13) | 1 631 (11) | 1 117 (7) |
Amounts in millions of USD, EPS in USD per share. In brackets, the number of analysts. Consensus as of September 28, 2026.
Same sub-industry: 128 companies behind the medians.
| # | Company | Code | Country | Overall / 10 | Fundamentals / 10 | Mkt cap | P/E | Net margin | Revenue growth | ROIC | Net debt / EBITDA | FCF yield | 1-year perf. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CLH | 7.6 | 7.2 | 16.5Md USD | 38.0x | 7.0 % | 11.9 % | 7.6 % | 2.0x | 2.8 % | 34.5 % | ||
| 2 | RSG | 6.8 | 7.1 | 64.9Md USD | 30.0x | 12.9 % | 4.6 % | 8.7 % | 2.6x | 4.1 % | -7.0 % | ||
| 3 | ROL | 6.8 | 7.5 | 14.4Md USD | 27.3x | 13.6 % | 7.9 % | 24.1 % | 1.1x | 4.3 % | -46.6 % | ||
| 4 | TTEK | 6.8 | 6.9 | 8.7Md USD | 20.4x | 8.6 % | -4.5 % | 15.7 % | 1.2x | 6.3 % | 1.8 % | ||
| 5 | VLTO | 6.8 | 6.8 | 23.7Md USD | 24.4x | 17.3 % | 7.5 % | 17.8 % | 0.6x | 4.4 % | -8.4 % | ||
| 6 | WM | 6.7 | 6.6 | 82.7Md USD | 29.3x | 11.1 % | 4.0 % | 8.9 % | 3.1x | 4.3 % | -6.2 % | ||
| 7 | WCN | 6.3 | 6.4 | 39.2Md USD | 38.6x | 10.9 % | 2.0 % | 6.1 % | 3.0x | 2.9 % | -8.7 % | ||
| 8 | RTO | 5.1 | 6.0 | 10.3Md USD | 21.6x | 4.5 % | 1.2 % | 3.3 % | 2.5x | 7.3 % | -14.7 % | ||
| 9 | GFL | 4.4 | 2.4 | 18.4Md USD | Not meaningful (loss) | -2.6 % | 16.3 % | -1.1 % | 4.4x | 1.5 % | -9.8 % |
