Veralto income statement
In fiscal 2025, Veralto reported revenue of $5.50bn, up 6.0% on the year before, operating income of $1.28bn (a 23.2% margin) and net income of $940m, or $3.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMOct 2026 |
|---|---|---|---|---|---|---|
| Revenue | 4,700 | 4,870 | 5,021 | 5,193 | 5,503 | 5,801 |
| Cost of revenue | 1,987 | 2,110 | 2,120 | 2,088 | 2,204 | 2,309 |
| Gross profit | 2,713 | 2,760 | 2,901 | 3,105 | 3,299 | 3,492 |
| Research and development | 244 | 217 | 225 | 253 | 266 | 278 |
| Selling, general and administrative | 1,428 | 1,431 | 1,536 | 1,644 | 1,756 | 1,947 |
| Operating income | 1,041 | 1,112 | 1,140 | 1,208 | 1,277 | 1,267 |
| Interest expense | 0 | 0 | 30 | 113 | 96 | 96 |
| Income before tax | 1,047 | 1,113 | 1,096 | 1,086 | 1,173 | 1,176 |
| Income tax | 186 | 268 | 257 | 253 | 233 | 174 |
| Net income | 861 | 845 | 839 | 833 | 940 | 1,002 |
| Diluted EPS | $3.50 | $3.43 | $3.40 | $3.34 | $3.76 | $4.04 |
| Diluted shares (average) | 246m | 246m | 247m | 250m | 250m | 248m |
| EBITDA | 1,147 | 1,202 | 1,227 | 1,286 | 1,355 | 1,368 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 | 2026 Q3Oct 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,345 | 1,332 | 1,371 | 1,404 | 1,396 | 1,422 | 1,474 | 1,509 |
| Cost of revenue | 544 | 527 | 549 | 560 | 568 | 568 | 572 | 601 |
| Gross profit | 801 | 805 | 822 | 844 | 828 | 854 | 902 | 908 |
| Research and development | 69 | 64 | 67 | 67 | 68 | 68 | 73 | 69 |
| Selling, general and administrative | 424 | 419 | 442 | 451 | 444 | 448 | 514 | 541 |
| Operating income | 308 | 322 | 313 | 326 | 316 | 338 | 315 | 298 |
| Interest expense | 28 | 27 | 28 | 21 | 20 | 24 | 27 | 25 |
| Income before tax | 280 | 289 | 285 | 306 | 293 | 321 | 289 | 273 |
| Income tax | 53 | 64 | 63 | 67 | 39 | 67 | 48 | 20 |
| Net income | 227 | 225 | 222 | 239 | 254 | 254 | 241 | 253 |
| Diluted EPS | $0.91 | $0.90 | $0.89 | $0.95 | $1.02 | $1.02 | $0.98 | $1.03 |
| EBITDA | 328 | 341 | 332 | 346 | 336 | 362 | 344 | 326 |
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