Veralto (VLTO) Stock Analysis

November 11, 2026

This is a peer-relative look at Veralto (VLTO): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Commercial & Professional Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Veralto (VLTO)
Profile Item	VLTO
Name	Veralto Corporation
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Commercial & Professional Services
GICS Industry	Commercial Services & Supplies
GICS Sub-Industry	Environmental & Facilities Services
Market Capitalization	28.47 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 4, 2023
Security Type	Common Stock

Price Performance

Cumulative Growth

VLTO

GSPC

Veralto (VLTO) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Veralto (VLTO) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Veralto (VLTO) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Total Return (1Y)	20.35%	10.68%
Total Return (3Y, Annualized)	19.78%	12.68%
Total Return (5Y, Annualized)	--	3.62%

Risk Profile

Drawdown History

VLTO

GSPC

Veralto (VLTO) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Veralto (VLTO) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Volatility (1Y, Annualized)	24.45%	42.02%
Beta (5Y)	0.45	0.79
Max Drawdown (5Y)	-27.09%	-54.59%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. VLTO is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Sharpe Ratio (1Y)	0.66	0.19
Sortino Ratio (1Y)	1.04	0.27

Profitability

ROE (TTM)

Veralto (VLTO) posts ROE of 32.96%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

VLTO

Commercial & Professional Services industry group

32.96%

Group distribution

Max: 47.06%
VLTO: 32.96%
Q3: 25.43%
Median: 14.11%
Q1: 3.92%
Min: -20.15%

Largest peers

RELX: 131.86%
ADP: 78.94%
CTAS: 41.38%
VLTO: 32.96%
WM: 31.68%
RSG: 18.48%
TRI: 14.11%

Where Veralto (VLTO) stands on ROE within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Veralto (VLTO) keeps 17.27% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

VLTO

Commercial & Professional Services industry group

17.27%

Group distribution

Max: 23.28%
VLTO: 17.27%
Q3: 11.35%
Median: 5.65%
Q1: 0.87%
Min: -8.60%

Largest peers

RELX: 23.27%
ADP: 20.33%
TRI: 19.69%
CTAS: 17.82%
VLTO: 17.27%
RSG: 12.92%
WM: 11.78%

Where Veralto (VLTO) stands on net margin within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Veralto (VLTO) turns 19.42% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

VLTO

Commercial & Professional Services industry group

19.42%

Group distribution

Max: 38.50%
VLTO: 19.42%
Q3: 18.84%
Median: 10.40%
Q1: 5.59%
Min: -12.00%

Largest peers

RELX: 32.01%
ADP: 26.73%
CTAS: 24.10%
TRI: 21.93%
RSG: 20.29%
VLTO: 19.42%
WM: 19.08%

Where Veralto (VLTO) stands on operating margin within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
ROE (TTM)	32.96%	14.11%
ROA (TTM)	9.96%	5.83%
Net Margin (TTM)	17.27%	5.65%
Operating Margin (TTM)	19.42%	10.40%
Gross Margin (TTM)	59.84%	36.58%

Growth

Revenue Growth

Veralto (VLTO) grew revenue 5.97%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Veralto (VLTO): Revenue Growth across different time periods, set against Commercial & Professional Services industry-group medians.

EPS Growth

Veralto (VLTO) grew earnings per share 12.57%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Veralto (VLTO): EPS Growth across different time periods, set against Commercial & Professional Services industry-group medians.

Growth Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Revenue Growth (YoY)	5.97%	6.05%
Revenue Growth (3Y CAGR)	4.16%	6.33%
EPS Growth (YoY)	12.57%	5.05%
EPS Growth (3Y CAGR)	3.16%	9.63%

Financial Strength

Current Ratio (MRQ)

Veralto (VLTO) has current ratio of 2.03, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

VLTO

Commercial & Professional Services industry group

2.03

Group distribution

Max: 3.63
Q3: 2.14
VLTO: 2.03
Median: 1.55
Q1: 1.09
Min: 0.45

Largest peers

VLTO: 2.03
CTAS: 1.45
TRI: 1.08
ADP: 1.03
WM: 0.82
RSG: 0.75
RELX: 0.45

Where Veralto (VLTO) stands on current ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Veralto (VLTO) has debt-to-equity ratio of 0.97, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

VLTO

Commercial & Professional Services industry group

0.97

Group distribution

Max: 2.37
Q3: 1.25
VLTO: 0.97
Median: 0.88
Q1: 0.35
Min: 0.00

Largest peers

RELX: 7.10
WM: 2.37
RSG: 1.17
ADP: 1.10
VLTO: 0.97
CTAS: 0.52
TRI: 0.36

Where Veralto (VLTO) stands on debt-to-equity ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Current Ratio (MRQ)	2.03	1.55
Debt / Equity (MRQ)	0.97	0.88
Net Debt / EBITDA	0.99	2.51

Dividends

Dividend Yield (TTM)

Veralto (VLTO) has dividend yield of 0.45%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

VLTO

Commercial & Professional Services industry group

0.45%

Group distribution

Max: 4.33%
Q3: 1.80%
Median: 0.60%
VLTO: 0.45%
Q1: 0.00%
Min: 0.00%

Largest peers

ADP: 2.21%
TRI: 2.18%
RELX: 1.66%
WM: 1.52%
RSG: 1.02%
CTAS: 0.83%
VLTO: 0.45%

Where Veralto (VLTO) stands on dividend yield within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Veralto (VLTO) has payout ratio of 12.84%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

VLTO

Commercial & Professional Services industry group

12.84%

Group distribution

Max: 99.58%
Q3: 41.99%
Median: 17.27%
VLTO: 12.84%
Q1: 0.00%
Min: -17.94%

Largest peers

TRI: 79.09%
ADP: 60.28%
RELX: 53.59%
WM: 48.03%
CTAS: 36.88%
RSG: 35.25%
VLTO: 12.84%

Where Veralto (VLTO) stands on payout ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
Dividend Yield (TTM)	0.45%	0.60%
Dividend Payout Ratio (TTM)	12.84%	17.27%

Valuation

P/E Ratio (TTM)

Veralto (VLTO) trades at P/E ratio of 28.91, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

VLTO

Commercial & Professional Services industry group

28.91

Group distribution

Max: 49.47
Q3: 33.76
VLTO: 28.91
Median: 24.16
Q1: 16.01
Min: 1.89

Largest peers

CTAS: 43.86
TRI: 34.53
RSG: 34.19
WM: 31.01
VLTO: 28.91
ADP: 26.89
RELX: 24.05

Where Veralto (VLTO) stands on P/E ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Veralto (VLTO) trades at 4.91 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

VLTO

Commercial & Professional Services industry group

4.91

Group distribution

Max: 7.17
VLTO: 4.91
Q3: 3.35
Median: 1.33
Q1: 0.69
Min: 0.11

Largest peers

CTAS: 7.64
RELX: 7.17
TRI: 6.09
ADP: 5.38
VLTO: 4.91
RSG: 4.36
WM: 3.60

Where Veralto (VLTO) stands on P/S ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Veralto (VLTO) trades at 8.82 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

VLTO

Commercial & Professional Services industry group

8.82

Group distribution

Max: 11.25
VLTO: 8.82
Q3: 6.08
Median: 2.92
Q1: 1.55
Min: -2.78

Largest peers

RELX: 169.44
ADP: 23.57
CTAS: 17.07
WM: 9.52
VLTO: 8.82
RSG: 6.15
TRI: 4.35

Where Veralto (VLTO) stands on P/B ratio within its Commercial & Professional Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Veralto (VLTO) metric values compared with Commercial & Professional Services industry-group medians
Metric	Current stock: VLTO	Industry group median
P/E Ratio (TTM)	28.91	24.16
P/S Ratio (TTM)	4.91	1.33
P/B Ratio (MRQ)	8.82	2.92
Free Cash Flow Yield (TTM)	2.68%	5.35%