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Side-by-side financial comparison of Amer Sports, Inc. (AS) and Veralto (VLTO). Click either name above to swap in a different company.

Veralto is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.4× Amer Sports, Inc.). Veralto runs the higher net margin — 17.9% vs 1.8%, a 16.1% gap on every dollar of revenue. Veralto produced more free cash flow last quarter ($170.0M vs $92.2M).

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

AS vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.4× larger
VLTO
$1.4B
$1.1B
AS
Higher net margin
VLTO
VLTO
16.1% more per $
VLTO
17.9%
1.8%
AS
More free cash flow
VLTO
VLTO
$77.8M more FCF
VLTO
$170.0M
$92.2M
AS

Income Statement — Q1 FY2024 vs Q1 FY2026

Metric
AS
AS
VLTO
VLTO
Revenue
$1.1B
$1.4B
Net Profit
$19.0M
$254.0M
Gross Margin
52.8%
60.1%
Operating Margin
12.4%
23.8%
Net Margin
1.8%
17.9%
Revenue YoY
6.8%
Net Profit YoY
12.9%
EPS (diluted)
$0.05
$1.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AS
AS
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.1B
$1.2B
Net Profit
AS
AS
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$239.0M
Q3 25
$222.0M
Q2 25
$225.0M
Q4 24
$227.0M
Q3 24
$219.0M
Q2 24
$203.0M
Q1 24
$19.0M
$184.0M
Gross Margin
AS
AS
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Q1 24
52.8%
60.0%
Operating Margin
AS
AS
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
22.8%
Q2 25
24.2%
Q4 24
22.9%
Q3 24
23.4%
Q2 24
23.2%
Q1 24
12.4%
23.5%
Net Margin
AS
AS
VLTO
VLTO
Q1 26
17.9%
Q4 25
17.0%
Q3 25
16.2%
Q2 25
16.9%
Q4 24
16.9%
Q3 24
16.7%
Q2 24
15.8%
Q1 24
1.8%
14.8%
EPS (diluted)
AS
AS
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.89
Q2 25
$0.90
Q4 24
$0.91
Q3 24
$0.88
Q2 24
$0.81
Q1 24
$0.05
$0.74

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
VLTO
VLTO
Operating Cash FlowLast quarter
$114.3M
$182.0M
Free Cash FlowOCF − Capex
$92.2M
$170.0M
FCF MarginFCF / Revenue
8.8%
12.0%
Capex IntensityCapex / Revenue
2.1%
0.8%
Cash ConversionOCF / Net Profit
6.02×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$339.0M
Q2 25
$157.0M
Q4 24
$285.0M
Q3 24
$224.0M
Q2 24
$251.0M
Q1 24
$114.3M
$115.0M
Free Cash Flow
AS
AS
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
Q1 24
$92.2M
$102.0M
FCF Margin
AS
AS
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Q1 24
8.8%
8.2%
Capex Intensity
AS
AS
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Q1 24
2.1%
1.0%
Cash Conversion
AS
AS
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
1.53×
Q2 25
0.70×
Q4 24
1.26×
Q3 24
1.02×
Q2 24
1.24×
Q1 24
6.02×
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

VLTO
VLTO

Segment breakdown not available.

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