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Side-by-side financial comparison of Noble Corp plc (NE) 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 $764.4M, roughly 1.9× Noble Corp plc). Veralto runs the higher net margin — 17.9% vs 11.3%, a 6.5% gap on every dollar of revenue. On growth, Veralto posted the faster year-over-year revenue change (6.8% vs -17.6%). Veralto produced more free cash flow last quarter ($170.0M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 6.8%).

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

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.

NE vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.9× larger
VLTO
$1.4B
$764.4M
NE
Growing faster (revenue YoY)
VLTO
VLTO
+24.3% gap
VLTO
6.8%
-17.6%
NE
Higher net margin
VLTO
VLTO
6.5% more per $
VLTO
17.9%
11.3%
NE
More free cash flow
VLTO
VLTO
$134.6M more FCF
VLTO
$170.0M
$35.4M
NE
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
6.8%
VLTO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NE
NE
VLTO
VLTO
Revenue
$764.4M
$1.4B
Net Profit
$86.6M
$254.0M
Gross Margin
60.1%
Operating Margin
5.6%
23.8%
Net Margin
11.3%
17.9%
Revenue YoY
-17.6%
6.8%
Net Profit YoY
-10.4%
12.9%
EPS (diluted)
$0.54
$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
NE
NE
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$764.4M
$1.4B
Q3 25
$798.0M
$1.4B
Q2 25
$848.7M
$1.3B
Q1 25
$874.5M
Q4 24
$927.3M
$1.3B
Q3 24
$800.5M
$1.3B
Q2 24
$692.8M
$1.3B
Net Profit
NE
NE
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$86.6M
$239.0M
Q3 25
$-21.1M
$222.0M
Q2 25
$42.9M
$225.0M
Q1 25
$108.3M
Q4 24
$96.6M
$227.0M
Q3 24
$61.2M
$219.0M
Q2 24
$195.0M
$203.0M
Gross Margin
NE
NE
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q1 25
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Operating Margin
NE
NE
VLTO
VLTO
Q1 26
23.8%
Q4 25
5.6%
23.2%
Q3 25
6.3%
22.8%
Q2 25
15.9%
24.2%
Q1 25
21.4%
Q4 24
18.4%
22.9%
Q3 24
14.4%
23.4%
Q2 24
30.3%
23.2%
Net Margin
NE
NE
VLTO
VLTO
Q1 26
17.9%
Q4 25
11.3%
17.0%
Q3 25
-2.6%
16.2%
Q2 25
5.1%
16.9%
Q1 25
12.4%
Q4 24
10.4%
16.9%
Q3 24
7.6%
16.7%
Q2 24
28.1%
15.8%
EPS (diluted)
NE
NE
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.54
$0.95
Q3 25
$-0.13
$0.89
Q2 25
$0.27
$0.90
Q1 25
$0.67
Q4 24
$0.56
$0.91
Q3 24
$0.40
$0.88
Q2 24
$1.34
$0.81

Balance Sheet & Financial Strength

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

Metric
NE
NE
VLTO
VLTO
Cash + ST InvestmentsLiquidity on hand
$471.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.5B
Total Assets
$7.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NE
NE
VLTO
VLTO
Q1 26
Q4 25
$471.4M
$1.8B
Q3 25
$477.9M
$1.6B
Q2 25
$338.2M
$1.2B
Q1 25
$303.8M
Q4 24
$247.3M
$1.1B
Q3 24
$391.9M
$1.3B
Q2 24
$162.9M
$1.0B
Total Debt
NE
NE
VLTO
VLTO
Q1 26
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Stockholders' Equity
NE
NE
VLTO
VLTO
Q1 26
Q4 25
$4.5B
$2.8B
Q3 25
$4.5B
$2.7B
Q2 25
$4.6B
$2.3B
Q1 25
$4.7B
Q4 24
$4.7B
$2.0B
Q3 24
$4.7B
$2.0B
Q2 24
$4.0B
$1.7B
Total Assets
NE
NE
VLTO
VLTO
Q1 26
Q4 25
$7.5B
$7.4B
Q3 25
$7.6B
$7.2B
Q2 25
$7.7B
$6.6B
Q1 25
$7.9B
Q4 24
$8.0B
$6.4B
Q3 24
$8.0B
$6.3B
Q2 24
$5.6B
$5.9B
Debt / Equity
NE
NE
VLTO
VLTO
Q1 26
Q4 25
0.94×
Q3 25
1.01×
Q2 25
1.14×
Q1 25
Q4 24
1.28×
Q3 24
1.35×
Q2 24
1.57×

Cash Flow & Capital Efficiency

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

Metric
NE
NE
VLTO
VLTO
Operating Cash FlowLast quarter
$187.1M
$182.0M
Free Cash FlowOCF − Capex
$35.4M
$170.0M
FCF MarginFCF / Revenue
4.6%
12.0%
Capex IntensityCapex / Revenue
19.9%
0.8%
Cash ConversionOCF / Net Profit
2.16×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$432.2M
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NE
NE
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$187.1M
$270.0M
Q3 25
$277.1M
$339.0M
Q2 25
$216.4M
$157.0M
Q1 25
$271.1M
Q4 24
$136.2M
$285.0M
Q3 24
$283.8M
$224.0M
Q2 24
$106.8M
$251.0M
Free Cash Flow
NE
NE
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$35.4M
$258.0M
Q3 25
$139.5M
$323.0M
Q2 25
$99.8M
$142.0M
Q1 25
$157.5M
Q4 24
$-4.4M
$263.0M
Q3 24
$156.8M
$215.0M
Q2 24
$-34.3M
$240.0M
FCF Margin
NE
NE
VLTO
VLTO
Q1 26
12.0%
Q4 25
4.6%
18.4%
Q3 25
17.5%
23.6%
Q2 25
11.8%
10.7%
Q1 25
18.0%
Q4 24
-0.5%
19.6%
Q3 24
19.6%
16.4%
Q2 24
-4.9%
18.6%
Capex Intensity
NE
NE
VLTO
VLTO
Q1 26
0.8%
Q4 25
19.9%
0.9%
Q3 25
17.3%
1.2%
Q2 25
13.7%
1.1%
Q1 25
13.0%
Q4 24
15.2%
1.6%
Q3 24
15.9%
0.7%
Q2 24
20.4%
0.9%
Cash Conversion
NE
NE
VLTO
VLTO
Q1 26
0.72×
Q4 25
2.16×
1.13×
Q3 25
1.53×
Q2 25
5.05×
0.70×
Q1 25
2.50×
Q4 24
1.41×
1.26×
Q3 24
4.64×
1.02×
Q2 24
0.55×
1.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

VLTO
VLTO

Segment breakdown not available.

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