Veralto Corp
VLTO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|q! | LOCK|M!# | LOCK|Jv!JV@T |
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 firm 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-blade business model, resulting in roughly 61% recurring revenue.
