Veralto (VLTO) Research & Development (2022 - 2026)
Veralto (VLTO) posted Research & Development of $73 million for Q2 2026, up 9.0% from $67 million a year earlier and up 7.4% from the prior quarter.
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Analysis
Veralto (VLTO) Research & Development (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jul 3, 2026, Research & Development at Veralto was $276 million, up 4.9% 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.
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q3 2022.
- On a year-over-year basis, Research & Development increased in seven of the last eight quarters, with growth averaging 9.0%.
- 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 $68 million (Q1 2026), $68 million (Q4 2025) and $67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | - |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 59.00 Mn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 73.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | - |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | - |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | - |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | 2.85 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | 172,807.00 |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | 1.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();