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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) 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 $1.3B, roughly 1.1× Qnity Electronics, Inc.). Veralto runs the higher net margin — 17.9% vs 16.5%, a 1.3% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 6.8%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $170.0M).
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.
Q vs VLTO — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.4B |
| Net Profit | $211.0M | $254.0M |
| Gross Margin | 45.1% | 60.1% |
| Operating Margin | 21.3% | 23.8% |
| Net Margin | 16.5% | 17.9% |
| Revenue YoY | 11.1% | 6.8% |
| Net Profit YoY | 6.0% | 12.9% |
| EPS (diluted) | $1.01 | $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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
| Q1 26 | — | $254.0M | ||
| Q4 25 | — | $239.0M | ||
| Q3 25 | $211.0M | $222.0M | ||
| Q2 25 | — | $225.0M | ||
| Q4 24 | — | $227.0M | ||
| Q3 24 | $199.0M | $219.0M | ||
| Q2 24 | — | $203.0M | ||
| Q1 24 | — | $184.0M |
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | 45.1% | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | 47.0% | 59.6% | ||
| Q2 24 | — | 60.1% | ||
| Q1 24 | — | 60.0% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | — | 23.2% | ||
| Q3 25 | 21.3% | 22.8% | ||
| Q2 25 | — | 24.2% | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | 21.8% | 23.4% | ||
| Q2 24 | — | 23.2% | ||
| Q1 24 | — | 23.5% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | — | 17.0% | ||
| Q3 25 | 16.5% | 16.2% | ||
| Q2 25 | — | 16.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 17.3% | 16.7% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 14.8% |
| Q1 26 | — | $1.02 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | $1.01 | $0.89 | ||
| Q2 25 | — | $0.90 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | $0.95 | $0.88 | ||
| Q2 24 | — | $0.81 | ||
| Q1 24 | — | $0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.0M | — |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $9.1B | — |
| Total Assets | $12.5B | — |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $128.0M | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $827.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | $9.1B | $2.7B | ||
| Q2 25 | — | $2.3B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $11.1B | $2.0B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.4B | ||
| Q3 25 | $12.5B | $7.2B | ||
| Q2 25 | — | $6.6B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $5.9B | ||
| Q1 24 | — | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 0.19× | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $782.0M | $182.0M |
| Free Cash FlowOCF − Capex | $568.0M | $170.0M |
| FCF MarginFCF / Revenue | 44.5% | 12.0% |
| Capex IntensityCapex / Revenue | 16.8% | 0.8% |
| Cash ConversionOCF / Net Profit | 3.71× | 0.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $893.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $270.0M | ||
| Q3 25 | $782.0M | $339.0M | ||
| Q2 25 | — | $157.0M | ||
| Q4 24 | — | $285.0M | ||
| Q3 24 | — | $224.0M | ||
| Q2 24 | — | $251.0M | ||
| Q1 24 | — | $115.0M |
| Q1 26 | — | $170.0M | ||
| Q4 25 | — | $258.0M | ||
| Q3 25 | $568.0M | $323.0M | ||
| Q2 25 | — | $142.0M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $215.0M | ||
| Q2 24 | — | $240.0M | ||
| Q1 24 | — | $102.0M |
| Q1 26 | — | 12.0% | ||
| Q4 25 | — | 18.4% | ||
| Q3 25 | 44.5% | 23.6% | ||
| Q2 25 | — | 10.7% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 18.6% | ||
| Q1 24 | — | 8.2% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 16.8% | 1.2% | ||
| Q2 25 | — | 1.1% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.0% |
| Q1 26 | — | 0.72× | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 3.71× | 1.53× | ||
| Q2 25 | — | 0.70× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
VLTO
Segment breakdown not available.
