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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) 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 $789.6M, roughly 1.8× Atour Lifestyle Holdings Ltd). Veralto runs the higher net margin — 17.9% vs 17.6%, a 0.2% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 6.8%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $170.0M).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

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.

ATAT vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.8× larger
VLTO
$1.4B
$789.6M
ATAT
Growing faster (revenue YoY)
ATAT
ATAT
+245.8% gap
ATAT
252.5%
6.8%
VLTO
Higher net margin
VLTO
VLTO
0.2% more per $
VLTO
17.9%
17.6%
ATAT
More free cash flow
ATAT
ATAT
$40.7M more FCF
ATAT
$210.7M
$170.0M
VLTO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ATAT
ATAT
VLTO
VLTO
Revenue
$789.6M
$1.4B
Net Profit
$139.1M
$254.0M
Gross Margin
60.1%
Operating Margin
22.5%
23.8%
Net Margin
17.6%
17.9%
Revenue YoY
252.5%
6.8%
Net Profit YoY
322.2%
12.9%
EPS (diluted)
$0.33
$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
ATAT
ATAT
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$789.6M
$1.4B
Q2 25
$1.3B
Q4 24
$1.3B
Q3 24
$224.0M
$1.3B
Q2 24
$1.3B
Q1 24
$203.4M
$1.2B
Net Profit
ATAT
ATAT
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$239.0M
Q3 25
$139.1M
$222.0M
Q2 25
$225.0M
Q4 24
$227.0M
Q3 24
$33.0M
$219.0M
Q2 24
$203.0M
Q1 24
$35.6M
$184.0M
Gross Margin
ATAT
ATAT
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
60.0%
Operating Margin
ATAT
ATAT
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
22.5%
22.8%
Q2 25
24.2%
Q4 24
22.9%
Q3 24
14.7%
23.4%
Q2 24
23.2%
Q1 24
22.1%
23.5%
Net Margin
ATAT
ATAT
VLTO
VLTO
Q1 26
17.9%
Q4 25
17.0%
Q3 25
17.6%
16.2%
Q2 25
16.9%
Q4 24
16.9%
Q3 24
14.7%
16.7%
Q2 24
15.8%
Q1 24
17.5%
14.8%
EPS (diluted)
ATAT
ATAT
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.33
$0.89
Q2 25
$0.90
Q4 24
$0.91
Q3 24
$0.08
$0.88
Q2 24
$0.81
Q1 24
$0.09
$0.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATAT
ATAT
VLTO
VLTO
Cash + ST InvestmentsLiquidity on hand
$669.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
Total Assets
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
VLTO
VLTO
Q1 26
Q4 25
$1.8B
Q3 25
$669.2M
$1.6B
Q2 25
$1.2B
Q4 24
$1.1B
Q3 24
$506.0M
$1.3B
Q2 24
$1.0B
Q1 24
$520.7M
$827.0M
Total Debt
ATAT
ATAT
VLTO
VLTO
Q1 26
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$277.0K
$2.6B
Stockholders' Equity
ATAT
ATAT
VLTO
VLTO
Q1 26
Q4 25
$2.8B
Q3 25
$405.0M
$2.7B
Q2 25
$2.3B
Q4 24
$2.0B
Q3 24
$291.3M
$2.0B
Q2 24
$1.7B
Q1 24
$323.5M
$1.5B
Total Assets
ATAT
ATAT
VLTO
VLTO
Q1 26
Q4 25
$7.4B
Q3 25
$1.1B
$7.2B
Q2 25
$6.6B
Q4 24
$6.4B
Q3 24
$927.8M
$6.3B
Q2 24
$5.9B
Q1 24
$936.3M
$5.7B
Debt / Equity
ATAT
ATAT
VLTO
VLTO
Q1 26
Q4 25
0.94×
Q3 25
1.01×
Q2 25
1.14×
Q4 24
1.28×
Q3 24
1.35×
Q2 24
1.57×
Q1 24
0.00×
1.77×

Cash Flow & Capital Efficiency

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

Metric
ATAT
ATAT
VLTO
VLTO
Operating Cash FlowLast quarter
$216.6M
$182.0M
Free Cash FlowOCF − Capex
$210.7M
$170.0M
FCF MarginFCF / Revenue
26.7%
12.0%
Capex IntensityCapex / Revenue
0.8%
0.8%
Cash ConversionOCF / Net Profit
1.56×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$216.6M
$339.0M
Q2 25
$157.0M
Q4 24
$285.0M
Q3 24
$84.8M
$224.0M
Q2 24
$251.0M
Q1 24
$19.8M
$115.0M
Free Cash Flow
ATAT
ATAT
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$210.7M
$323.0M
Q2 25
$142.0M
Q4 24
$263.0M
Q3 24
$83.3M
$215.0M
Q2 24
$240.0M
Q1 24
$18.1M
$102.0M
FCF Margin
ATAT
ATAT
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
26.7%
23.6%
Q2 25
10.7%
Q4 24
19.6%
Q3 24
37.2%
16.4%
Q2 24
18.6%
Q1 24
8.9%
8.2%
Capex Intensity
ATAT
ATAT
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
0.8%
1.2%
Q2 25
1.1%
Q4 24
1.6%
Q3 24
0.7%
0.7%
Q2 24
0.9%
Q1 24
0.9%
1.0%
Cash Conversion
ATAT
ATAT
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
1.56×
1.53×
Q2 25
0.70×
Q4 24
1.26×
Q3 24
2.57×
1.02×
Q2 24
1.24×
Q1 24
0.56×
0.63×

Financial Flow Comparison

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

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