Veralto (VLTO) FY2025 10-K Annual Report

Filed: Feb 20, 2026
Health Care
Instruments For Meas & Testing of Electricity & Elec SignalsSEC EDGAR

Veralto (VLTO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Veralto FY2025 10-K Analysis

Business Overview

  • Core business model: diversified technology and solutions provider serving multiple global markets with a focus on innovation, customer responsiveness, and operational efficiency
  • Emphasis on growth in Water Quality and Product Quality & Innovation segments with new product offerings supporting trust and safety in consumer packaged goods
  • Strategic focus on global expansion including increased manufacturing, R&D, and sales capabilities in high-growth markets such as Asia (excluding Japan), Latin America, Middle East, Eastern Europe, and Africa
  • Net earnings $940M, up 13% YoY, driven by positive pricing and volume increases despite higher costs
  • Notable geographic sales growth: developed markets +6.4%, North America +5.9%, Western Europe +8.0%, high-growth markets +4.8%

Management Discussion & Analysis

  • Revenue and profitability details not provided in excerpt
  • No segment performance data included in section
  • No cash flow, buybacks, dividends, or capex information disclosed
  • No forward-looking management outlook or guidance mentioned

Risk Factors

  • Legal indemnification risk with significant deductible exposure beyond insurance coverage for directors/officers under Company’s certificate and by-laws
  • Goodwill impairment sensitivity, with reporting unit fair values exceeding carrying values by 104% to 987%, but a 10% fair value reduction narrows to 66%-781%
  • High reliance on forecasts for acquired intangible assets involving EBITDA, revenue growth, and obsolescence assumptions affecting amortization and impairment charges
  • No recorded intangible asset impairment charges in 2025 and 2024, but risk remains if future results deviate from current estimates
  • Operational risk from integrating newly acquired reporting units that present the highest impairment risk before full business integration

Veralto FY2025 Key Financial Metrics
XBRL

Revenue

$5.5B

+6.0% YoY

Net Income

$940M

+12.8% YoY

Gross Margin

59.9%

+16bp YoY

Operating Margin

23.2%

-6bp YoY

Net Margin

17.1%

+104bp YoY

ROE

30.3%

-1060bp YoY

Total Assets

$7.7B

+20.1% YoY

EPS (Diluted)

$3.76

+12.6% YoY

Operating Cash Flow

$1.1B

+23.1% YoY

Source: XBRL data from Veralto FY2025 10-K filing on SEC EDGAR. All figures in USD.

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