Veralto (VLTO) Research & Development (2022 - 2026)
Veralto (VLTO) posted Research & Development of $69 million for Q3 2026, up 3.0% from $67 million a year earlier but down 5.5% from the prior quarter.
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Analysis
Veralto (VLTO) Research & Development (2022 - 2026) Analysis & Trends
For the trailing twelve months through Oct 2, 2026, Research & Development at Veralto was $278 million, up 4.1% year-over-year; for FY2025, it was $266 million, up 5.1% from FY2024.
- Annual Research & Development has increased for three consecutive years, with a four-year compound annual growth rate of 2.2% (FY2021 to FY2025).
- In prior years, Veralto's Research & Development was $253 million in FY2024 (+12.4%), $225 million in FY2023 (+3.7%), $217 million in FY2022 (-11.1%) and $244 million in FY2021.
- Quarterly Research & Development has run from a low of $52 million in Q3 2022 to a high of $73 million in Q2 2026 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last three quarters, with growth averaging 7.6% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2024, with growth of 21.1%; the weakest was Q4 2025, with a decline of 1.4%.
- According to Business Quant data, Research & Development for the three prior quarters was $73 million (Q2 2026), $68 million (Q1 2026) and $68 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.71 Bn | 78.69 Bn | 2.07 Bn | - |
| 2 | Veralto | 28.52 Bn | 21.15 Bn | 908.00 Mn | 69.00 Mn |
| 3 | Xylem | 22.63 Bn | 18.36 Bn | 907.00 Mn | 56.00 Mn |
| 4 | Badger Meter | 4.51 Bn | 3.92 Bn | 98.85 Mn | - |
| 5 | Ceco Environmental | 2.29 Bn | 2.11 Bn | 86.47 Mn | - |
| 6 | NWPX Infrastructure | 887.68 Mn | 845.76 Mn | 38.19 Mn | - |
| 7 | Energy Recovery | 377.64 Mn | 40.09 Mn | 4.20 Mn | 3.12 Mn |
| 8 | Cadiz | 305.87 Mn | 270.99 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 179.92 Mn | 59.54 Mn | - | 172,807.00 |
| 10 | LanzaTech Global | 53.29 Mn | -44.34 Mn | 1.91 Mn | 1.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 69.00 Mn |
| Jul 3, 2026 | 73.00 Mn |
| Apr 3, 2026 | 68.00 Mn |
| Dec 31, 2025 | 68.00 Mn |
| Oct 3, 2025 | 67.00 Mn |
| Jul 4, 2025 | 67.00 Mn |
| Apr 4, 2025 | 64.00 Mn |
| Dec 31, 2024 | 69.00 Mn |
| Sep 27, 2024 | 63.00 Mn |
| Jun 28, 2024 | 61.00 Mn |
| Mar 29, 2024 | 60.00 Mn |
| Dec 31, 2023 | 57.00 Mn |
| Sep 29, 2023 | 55.00 Mn |
| Jun 30, 2023 | 57.00 Mn |
| Mar 31, 2023 | 56.00 Mn |
| Dec 31, 2022 | 53.00 Mn |
| Sep 30, 2022 | 52.00 Mn |
API Access
Veralto Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VLTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VLTO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VLTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();