Veralto Corp. (VLTO) intrinsic value & 10-year financials
Veralto Corp. (VLTO) has a Graham intrinsic value of $39.32 per share. At $101.04 on Oct 17, 2026, the stock trades 157% above that value. Over the last 6 fiscal years revenue grew 4.0% a year to $5.5B, with an average return on invested capital of 26.2%.
- Graham intrinsic value
- $39.32
- Share price (Oct 17, 2026)
- $101.04
- Price vs Graham value
- 157% above
- Market cap
- $25.3B
- Revenue (FY2025)
- $5.5B
- Revenue growth (6-yr CAGR)
- 4.0%
- ROIC (10-yr avg)
- 26.2%
- Free cash flow (FY2025)
- $1.0B
VLTO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.5B | $940.0M | $3.76 | $1.0B | 23.2% | 27.0% |
| FY2024 | $5.2B | $833.0M | $3.34 | $820.0M | 23.3% | 26.4% |
| FY2023 | $5.0B | $839.0M | $3.40 | $909.0M | 22.7% | 26.1% |
| FY2022 | $4.9B | $845.0M | $3.43 | $836.0M | 22.8% | 25.4% |
| FY2021 | $4.7B | $861.0M | $3.50 | $842.0M | 22.1% | — |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Veralto revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Veralto has earned high returns on invested capital, averaging 26.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Veralto capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Veralto is modeled at 1.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $39.32 per share.