Veralto Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Veralto Corporation (VLTO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Water Quality | $2.67B 56.8% | $2.89B 59.3% · +8.2% | $3.04B 60.5% · +5.3% | $3.14B 60.4% · +3.3% | $3.32B 60.3% · +5.8% |
| Product Quality & Innovation | $2.03B 43.2% | $1.98B 40.7% · -2.4% | $1.98B 39.5% · -0.1% | $2.06B 39.6% · +3.7% | $2.18B 39.7% · +6.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Water Quality | $584.0M 21.9% | $668.0M 23.1% | $730.0M 24.0% | $768.0M 24.5% | $844.0M 25.4% |
| Product Quality & Innovation | $496.0M 24.4% | $488.0M 24.6% | $472.0M 23.8% | $529.0M 25.7% | $549.0M 25.2% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| North America | $2.05B 43.7% | $2.26B 46.4% · +10.0% | $2.35B 46.9% · +4.1% | $2.49B 48.0% · +5.9% | $2.64B 48.0% · +5.9% |
| High-growth markets | $1.43B 30.4% | $1.43B 29.3% · +0.0% | $1.43B 28.5% · +0.1% | $1.44B 27.7% · +0.4% | $1.51B 27.3% · +4.8% |
| Western Europe | $1.10B 23.4% | $1.06B 21.7% · -3.6% | $1.12B 22.3% · +5.8% | $1.15B 22.1% · +2.6% | $1.24B 22.6% · +8.0% |
| Other developed markets | $119.0M 2.5% | $123.0M 2.5% · +3.4% | $118.0M 2.4% · -4.1% | $115.0M 2.2% · -2.5% | $118.0M 2.1% · +2.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Recurring | $2.66B 56.6% | $2.86B 58.7% · +7.5% | $2.95B 58.8% · +3.3% | $3.15B 60.6% · +6.6% | $3.36B 61.0% · +6.7% |
| Nonrecurring | $2.04B 43.4% | $2.01B 41.3% · -1.4% | $2.07B 41.2% · +2.8% | $2.04B 39.4% · -1.1% | $2.14B 39.0% · +4.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.