Veralto Corp
VLTO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|rm | LOCK|xj | LOCK|%S^GY&^ |
We Expect Veralto to Deliver Mid-Single-Digit Core Revenue Growth Through the Cycle
Business Strategy and Outlook
Veralto was spun off from Danaher in 2023. The business is organized into two segments: water quality (60% of 2025 revenue) and product quality and innovation (40% of 2025 revenue). In both segments, Veralto offers a wide range of differentiated solutions, many sold under a razor-and-blades business model, resulting in roughly 61% recurring revenue.
