Veralto Corp
VLTOHIGH VELOCITYDEAL MODE DOMINANTVeralto Corp reads as an High Velocity (composite 74/100); Selective Buyer deploying $395M across 7 disclosed transactions, newly disclosed vs the prior cycle · primary market Waste.
Lens
Disclosed M&A capital (2023–2025)
$395M
vs N/A in 2020–2022
Disclosed transactions
7
2/3 active fiscal years in window
Buyer archetype
Selective Buyer
Acquisition use is visible but targeted.
Composite score
74
High Velocity dominates · Deal Mode Dominant
Veralto (VLTO) is a public-company acquirer in industrial - pollution & treatment controls with $395M of disclosed M&A spend across 7 acquisitions over 2 active years. Strategy mix is led by Talent Acquisition (100%). Current capacity: $1.4B cash, $2.7B total debt, 0.9x net leverage (underlevered). Has $2.9B of incremental debt capacity to a 3.0x IG threshold and $5.6B to the 5.0x HY transition. Disclosed median deal size sits at $56M.
- “We have invested in comprehensive talent acquisition capabilities across all levels of recruitment.”- 10-K FY2023
- “We focus on identifying, attracting and recruiting diverse talent to meet our current and future business needs.”- 10-K FY2023
- ▸Team-based acquisitions for specialized expertise
- ▸Smaller deal sizes; integration risk weighted heavily
- ▸Room for a $5.6B debt-funded acquisition before HY 5.0x.
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $395M disclosed buyer spend
- Filed within 27d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 27d
- 7 acquisition-history signals
- 24 8-Ks
Target Probability
Issuers showing target-side patterns from filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
Pressure Watch
Issuers facing activism, governance, or control pressure
Distress Watch
Issuers showing financial-distress filing patterns
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 24 8-Ks
- Filed within 27d
- 4 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $22.6B
- 10-Q 27d ago
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $363M · Peak count: 4
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 3 | $32M | $11M | N/A |
| 2024 | 4 | $363M | $91M | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Talent Acquisition100%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- talent_acquisition
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“We focus on identifying, attracting and recruiting diverse talent to meet our current and future business needs.”
“We have invested in comprehensive talent acquisition capabilities across all levels of recruitment.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Waste
- Market spend (2023–2025)
- $24.4B
- Market spend (2020–2022)
- $21.3B
- Recent vs prior
- +15%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
VLTO trades at a +1.5-turn premium to the Waste peer median of 15.0×.
- EV / Revenue
- 4.0×
- Net debt / EBITDA
- 0.9×
- Peer median EV / EBITDA
- 15.0×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
Ecolab Inc.ECL | 24.5× | 4.9× | 2.3× | $16.5B | $2.1B |
Veralto CorpVLTO | 16.5× | 4.0× | 0.9× | $5.6B | $395M |
Xylem Inc.XYL | 15.6× | 3.1× | 0.6× | $9.1B | $832M |
Pentair plcPNR | 15.0× | 3.4× | 2.0× | $4.2B | $401M |
| 14.9× | 2.2× | 1.4× | $4.7B | $372M | |
| 10.9× | 2.3× | 0.5× | $3.8B | $146M |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Waste. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)32026-02-20
- 10-Q (quarterly)82026-04-29
- 8-K (event)242026-04-28
- Proxy / DEF 14A62026-03-27
- Activism (13D / DFAN / PREC)0N/A
Signals on file
- info
Signal
Disclosed acquisition spend
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.