How does Veralto (VLTO) make money?

Veralto (VLTO) generates revenue primarily from Revenue from Contract with Customer, Measurement, Recurring, which accounted for 61.5% of total revenue in TTM through Q3 2026. The company reported $5.7B in revenue and converted 17.3% of it into net profit, equivalent to roughly $988M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Veralto (VLTO)?

Veralto (VLTO) reported a gross profit margin of 60.2% in TTM through Q3 2026, equivalent to $3.43B in gross profit on $5.7B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Veralto (VLTO)?

Veralto (VLTO) reported an operating profit margin of 22.7% in TTM through Q3 2026, equivalent to $1.3B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Veralto (VLTO)?

Veralto (VLTO) reported a net profit margin of 17.3% in TTM through Q3 2026, equivalent to $988M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Veralto (VLTO) profitable?

Yes. Veralto (VLTO) reported $988M in net income for TTM through Q3 2026, with a net profit margin of 17.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Veralto (VLTO) invest in research and development?

Veralto (VLTO) invested $276M in research and development during TTM through Q3 2026, roughly 4.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Veralto (VLTO) spend on capital expenditures?

Veralto (VLTO) spent $56M on capital expenditures (CapEx) during TTM through Q3 2026, roughly 1.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Veralto (VLTO) generate?

Veralto (VLTO) generated $707M in free cash flow during TTM through Q3 2026, a free-cash-flow margin of 12.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Veralto (VLTO)?

Veralto (VLTO) had an effective tax rate of 18.3% in TTM through Q3 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Veralto (VLTO)?

Veralto (VLTO) reports revenue across 2 reportable product segments, led by Revenue from Contract with Customer, Measurement, Recurring at 61.5% of total revenue in TTM through Q3 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Veralto Makes Money: 2026 Visual Revenue Map

Veralto (VLTO) Income Statement Flow — TTM through Q3 2026

Calculated from the four most recent reported quarters, ending July 3, 2026 (reported July 29, 2026).

Veralto discloses geographic revenue only in annual filings. to view the full breakdown.

Veralto (VLTO) Revenue by Product Segment — TTM through Q3 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Veralto (VLTO), TTM through Q3 2026.
Segment	Revenue (USD)	% of total
Revenue from Contract with Customer, Measurement, Recurring	$3.5B	61.5%
Revenue from Contract with Customer, Measurement, Nonrecurring	$2.19B	38.5%
Total	$5.7B	100%

Revenue from Contract with Customer, Measurement, Recurring$3.5B
Revenue from Contract with Customer, Measurement, Nonrecurring$2.19B
Total$5.7B

Revenue Breakdown — TTM through Q3 2026

In TTM through Q3 2026, Veralto (VLTO) reports revenue across 2 reportable product segments; the largest segment was Revenue from Contract with Customer, Measurement, Recurring at 61.5%, followed by Revenue from Contract with Customer, Measurement, Nonrecurring (38.5%).

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