What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Veralto (VLTO) spend its free cash flow?

For TTM through Q2 2026, Veralto generated $1.1B of operating cash flow and $1.04B of free cash flow — a free cash flow margin of 94.6% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Veralto (VLTO) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Veralto's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Veralto (VLTO) Cash Flow Waterfall

Operating CF

$1.1B

Capex

-$60M

Free Cash Flow

$1.04B

FCF Margin

+94.6%

Cash flow waterfall for Veralto (VLTO) — TTM through Q2 2026

Free cash flow: $1.04B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Veralto (VLTO) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.1B	$1.1B
Capital Expenditure	-$60M	$1.04B
Free Cash Flow	$1.04B	$1.04B
Other Investing	-$466M	$576M
Share Buybacks	-$300M	$276M
Dividends Paid	-$114M	$162M
Other Financing	$6M	$168M
Forex Effect	$24M	$192M
Net Cash Increase	$192M	$192M

Operating Cash Flow$1.1B
Capital Expenditure-$60M
Free Cash Flow$1.04B
Other Investing-$466M
Share Buybacks-$300M
Dividends Paid-$114M
Other Financing$6M
Forex Effect$24M
Net Cash Increase$192M

Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology

Veralto (VLTO) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

VLTO Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation