Vontier Corporation (“Vontier,” the “Company,” “we,” or “our”) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier powers the way the world moves, delivering smart, safe and sustainable solutions to our customers and the planet. Vontier Corporation is a Delaware corporation that was incorporated in 2019 in connection with the separation of Vontier from Fortive Corporation (“Fortive”) on October 9, 2020, as an independent, publicly-traded company. In this Annual Report on Form 10-K, the terms “Vontier” or the “Company” refer to either Vontier Corporation or to Vontier Corporation and its consolidated subsidiaries, as the context requires.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.1B | 3.1B | 3.0B | 3.1B | 3.2B | 3.0B |
| Net Income | 406M | 406M | 422M | 377M | 401M | 413M |
| EPS | $2.76 | $2.76 | $2.75 | $2.42 | $2.49 | $2.43 |
| Free Cash Flow | 441M | 441M | 345M | 395M | 261M | 433M |
| ROIC | 15.6% | 15.7% | 15.9% | 14.5% | 15.7% | 21.1% |
| Gross Margin | - | - | - | - | 44.9% | 44.6% |
| Debt/Equity | 1.71 | 1.71 | 2.08 | 2.63 | 4.58 | 4.63 |
| Dividends/Share | $0.10 | $0.10 | $0.10 | $0.10 | $0.03 | $0.03 |
| Operating Income | 562M | 562M | 537M | 543M | 578M | 582M |
| Operating Margin | 18.3% | 18.3% | 18.0% | 17.6% | 18.1% | 19.5% |
| ROE | 32.6% | 35.4% | 43.5% | 51.4% | 70.0% | 109.0% |
| Shares Outstanding | 147M | 147M | 154M | 156M | 161M | 170M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 2.7B | 2.8B | 2.7B | 3.0B | 3.2B | 3.1B | 3.0B | 3.1B | 3.1B |
| Gross Margin | 42.6% | 43.0% | 43.9% | 44.6% | 44.9% | N/A | N/A | N/A | N/A |
| R&D | 136M | 136M | 126M | 129M | 145M | 164M | 178M | 176M | 176M |
| SG&A | 499M | 491M | 508M | 579M | 628M | 643M | 630M | 639M | 639M |
| EBIT | 500M | 563M | 468M | 582M | 578M | 543M | 537M | 562M | 562M |
| Op. Margin | 18.7% | 20.3% | 17.3% | 19.5% | 18.1% | 17.6% | 18.0% | 18.3% | 18.3% |
| Net Income | 387M | 437M | 342M | 413M | 401M | 377M | 422M | 406M | 406M |
| Net Margin | 14.5% | 15.7% | 12.6% | 13.8% | 12.6% | 12.2% | 14.2% | 13.2% | 13.2% |
| Non-Recurring | 2.0M | 6.1M | 90M | 13M | 12M | 60M | 51M | 14M | 14M |
| Returns on Capital | |||||||||
| ROIC | N/A | 23.4% | 19.7% | 21.1% | 15.7% | 14.5% | 15.9% | 15.7% | 15.6% |
| ROE | N/A | 24.2% | 34.2% | 109.0% | 70.0% | 51.4% | 43.5% | 35.4% | 32.6% |
| ROA | N/A | 30.5% | 11.6% | 11.1% | 9.2% | 8.7% | 9.8% | 9.4% | 9.3% |
| Cash Flow | |||||||||
| Op. Cash Flow | 421M | 545M | 691M | 481M | 321M | 455M | 428M | 511M | 511M |
| Free Cash Flow | 379M | 507M | 656M | 433M | 261M | 395M | 345M | 441M | 441M |
| Owner Earnings | 321M | 448M | 591M | 410M | 256M | 380M | 349M | 430M | 430M |
| CapEx | 42M | 38M | 36M | 48M | 60M | 60M | 83M | 70M | 70M |
| Maint. CapEx | 86M | 85M | 78M | 46M | 41M | 44M | 47M | 51M | 51M |
| Growth CapEx | 0 | 0 | 0 | 1.9M | 19M | 16M | 35M | 19M | 19M |
| D&A | 86M | 85M | 78M | 46M | 41M | 44M | 47M | 51M | 51M |
| CapEx/OCF | N/A | N/A | 5.2% | 9.9% | 18.7% | 13.2% | 19.3% | 13.7% | 13.7% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 13M | 16M | 16M | 15M | 15M | 15M |
| Dividend Yield | N/A | N/A | N/A | 0.2% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 328M | 75M | 225M | 300M | 300M |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 11.1% | 1.4% | 4.0% | 5.4% | 5.5% |
| Stock-Based Comp | 14M | 13M | 23M | 26M | 24M | 32M | 32M | 30M | 30M |
| Debt Repayment | 8.8M | 0 | 0 | 1.4B | 1.2B | 300M | 150M | 133M | 133M |
| Balance Sheet | |||||||||
| Net Debt | 8.8M | 96M | 1.5B | 2.1B | 2.4B | 2.0B | 1.8B | 1.6B | 1.6B |
| Cash & Equiv. | 0 | 0 | 381M | 573M | 205M | 341M | 356M | 492M | 492M |
| Long-Term Debt | 0 | 25M | 1.8B | 2.6B | 2.6B | 2.2B | 2.1B | 1.6B | 1.6B |
| Debt/Equity | N/A | 0.05 | 9.90 | 4.63 | 4.58 | 2.63 | 2.08 | 1.71 | 1.71 |
| Interest Coverage | 2498.0 | 2815.5 | 1560.7 | 15.7 | 8.6 | 5.7 | 315.9 | 1872.0 | 1872.0 |
| Equity | N/A | 1.8B | 188M | 570M | 577M | 890M | 1.1B | 1.2B | 1.2B |
| Total Assets | N/A | 2.8B | 3.1B | 4.3B | 4.3B | 4.3B | 4.3B | 4.4B | 4.4B |
| Total Liabilities | 26M | 1.0B | 2.9B | 3.8B | 3.8B | 3.4B | 3.3B | 3.1B | 3.1B |
| Intangibles | N/A | 274M | 251M | 616M | 650M | 568M | 487M | 412M | 412M |
| Retained Earnings | N/A | 0 | -14M | 387M | 771M | 1.1B | 1.5B | 1.9B | 1.9B |
| Working Capital | N/A | 158M | 344M | 545M | 455M | 377M | 461M | 203M | 203M |
| Current Assets | N/A | 825M | 1.2B | 1.5B | 1.4B | 1.3B | 1.4B | 1.5B | 1.5B |
| Current Liabilities | N/A | 668M | 838M | 933M | 930M | 955M | 909M | 1.3B | 1.3B |
| Per Share Data | |||||||||
| EPS | 2.29 | 2.59 | 2.02 | 2.43 | 2.49 | 2.42 | 2.75 | 2.76 | 2.76 |
| Owner EPS | 1.90 | 447,600.00 | 3.49 | 2.41 | 1.59 | 2.44 | 2.27 | 2.92 | 2.92 |
| Book Value | N/A | 1,811,200.00 | 1.11 | 3.35 | 3.58 | 5.72 | 6.85 | 8.46 | 8.46 |
| Cash Flow/Share | 2.49 | 545,200.00 | 4.08 | 2.83 | 1.99 | 2.92 | 2.78 | 3.47 | 3.11 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.03 | 0.03 | 0.10 | 0.10 | 0.10 | 0.10 |
| Shares Out. | 169.2M | 0.0M | 169.3M | 170.0M | 161.2M | 155.7M | 153.5M | 147.1M | 147.1M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | 16.3 | 12.5 | 7.4 | 14.3 | 13.3 | 13.8 | 13.6 |
| P/FCF | N/A | N/A | 8.5 | 11.9 | 11.3 | 13.7 | 16.3 | 12.7 | 12.5 |
| EV/EBIT | N/A | N/A | 14.1 | 11.4 | 8.9 | 13.1 | 13.2 | 12.9 | 12.7 |
| Price/Book | N/A | N/A | 29.6 | 9.1 | 5.1 | 6.1 | 5.3 | 4.5 | 4.4 |
| Price/Sales | N/A | N/A | 1.9 | 1.9 | 1.2 | 1.4 | 1.9 | 1.8 | 1.8 |
| FCF Yield | N/A | N/A | 11.8% | 8.4% | 8.8% | 7.3% | 6.2% | 7.9% | 8.0% |
| Market Cap | 0 | N/A | 5.6B | 5.2B | 3.0B | 5.4B | 5.6B | 5.6B | 5.5B |
| Avg. Price | 0.00 | N/A | 30.73 | 32.57 | 23.14 | 28.76 | 37.76 | 37.45 | 37.43 |
| Year-End Price | 0.00 | N/A | 32.87 | 30.45 | 18.33 | 34.64 | 36.51 | 38.12 | 37.43 |
Vontier Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
Vontier Corp trades at 13.6x trailing earnings, compared to its 15-year median P/E of 13.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 12.3x. The company's 5-year average ROIC is 16.6% with a gross margin of 44.7%. Total shareholder yield (dividends + buybacks) is 5.7%. At current prices, the estimated annualized return to fair value is -7.7%.
Vontier Corp (VNT) has a current P/E ratio of 13.6, compared to its historical median P/E of 13.5. The stock is currently considered Fair based on its historical valuation range.
Vontier Corp (VNT) has a 5-year average return on invested capital (ROIC) of 16.6%. This indicates strong capital allocation and a potential competitive advantage.
Vontier Corp (VNT) has a market capitalization of $5.5B. It is classified as a mid-cap stock.
Yes, Vontier Corp (VNT) pays a dividend with a trailing twelve-month yield of 0.27%. The company also returns capital through share buybacks, with a buyback yield of 5.45%.
Based on historical P/E analysis, Vontier Corp (VNT) appears fair. The current P/E of 13.6 is 0% above its historical median of 13.5. The estimated fair value CAGR (P/E method) is 2.7%.
Vontier Corp (VNT) operates in the Totalizing Fluid Meters & Counting Devices industry, within the Technology sector.
Vontier Corp (VNT) reported annual revenue of $3.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Vontier Corp (VNT) has a net profit margin of 13.2%. This is a healthy margin.
Vontier Corp (VNT) generated $441 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Vontier Corp (VNT) has a debt-to-equity ratio of 1.71. This indicates higher leverage, which may increase financial risk.
Vontier Corp (VNT) reported earnings per share (EPS) of $2.76 in its most recent fiscal year.
Vontier Corp (VNT) has a return on equity (ROE) of 35.4%. This indicates the company generates strong returns for shareholders.
Vontier Corp (VNT) has a 5-year average gross margin of 44.7%. This indicates decent pricing power.
The Ledger Terminal provides 8 years of financial data for Vontier Corp (VNT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Vontier Corp (VNT) has a book value per share of $8.46, based on its most recent annual SEC filing.
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