Vontier (VNT) financial statements
Vontier reported revenue of $3.1B in fiscal 2025, up 2.1% a year over 7 years.
Net income was $406M and the operating margin 18.3%, against 18.7% in 2018.
Free cash flow was $441M, and the company returned $15M in dividends and $300M in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Vontier's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.8B | $2.7B | $3.0B | $3.2B | $3.1B | $3.0B | $3.1B |
| Cost of revenue | $1.5B | $1.6B | $1.5B | $1.7B | $1.8B | — | — | — |
| Gross profit | $1.1B | $1.2B | $1.2B | $1.3B | $1.4B | — | — | — |
| Research and development | $136M | $136M | $126M | $129M | $145M | $164M | $178M | $176M |
| Selling, general and admin | $499M | $491M | $508M | $579M | $628M | $643M | $630M | $639M |
| Operating income | $500M | $563M | $468M | $582M | $578M | $543M | $537M | $562M |
| Interest expense | — | — | $6M | $37M | $68M | $95M | — | — |
| Pre-tax income | $507M | $566M | $460M | $534M | $527M | $484M | $498M | $508M |
| Income tax | $122M | $129M | $118M | $121M | $126M | $107M | $75M | $102M |
| Net income | $386M | $436M | $342M | $413M | $401M | $377M | $422M | $406M |
| EPS (diluted) | $2.29 | $2.59 | $2.02 | $2.43 | $2.49 | $2.42 | $2.75 | $2.76 |
| Diluted shares | 168M | 168M | 169M | 170M | 161M | 156M | 154M | 147M |
| Gross margin | 42.6% | 43.0% | 43.9% | 44.6% | 44.9% | — | — | — |
| Operating margin | 18.7% | 20.3% | 17.3% | 19.5% | 18.1% | 17.6% | 18.0% | 18.3% |
| Net margin | 14.5% | 15.7% | 12.6% | 13.8% | 12.6% | 12.2% | 14.2% | 13.2% |
Balance sheet
Fiscal years, from Vontier's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $0 | $380M | $573M | $204M | $341M | $356M | $492M |
| Receivables | — | $491M | $447M | $481M | $515M | $498M | $526M | $527M |
| Inventory | — | $224M | $234M | $287M | $346M | $297M | $338M | $326M |
| Total current assets | — | $825M | $1.2B | $1.5B | $1.4B | $1.3B | $1.4B | $1.5B |
| Property, plant and equipment | — | $102M | $97M | $101M | $92M | $102M | $120M | $130M |
| Goodwill | $1.1B | $1.2B | $1.1B | $1.7B | $1.7B | $1.7B | $1.7B | $1.8B |
| Total assets | — | $2.8B | $3.1B | $4.3B | $4.3B | $4.3B | $4.3B | $4.4B |
| Total current liabilities | — | $668M | $838M | $933M | $930M | $955M | $909M | $1.3B |
| Long-term debt | — | $25M | $1.8B | $2.6B | $2.6B | $2.2B | $2.1B | $1.6B |
| Total liabilities | — | $1.0B | $2.9B | $3.8B | $3.8B | $3.4B | $3.3B | $3.1B |
| Shareholders' equity | $1.8B | $1.8B | $188M | $570M | $576M | $890M | $1.1B | $1.2B |
| Net debt | $0 | $41M | $1.4B | $2.0B | $2.4B | $2.0B | $1.8B | $1.6B |
Cash flow
Fiscal years, from Vontier's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $421M | $545M | $691M | $481M | $321M | $455M | $428M | $511M |
| Capital spending | $42M | $38M | $36M | $48M | $60M | $60M | $83M | $70M |
| Free cash flow | $379M | $507M | $656M | $433M | $261M | $395M | $345M | $441M |
| Stock-based compensation | $14M | $13M | $22M | $26M | $24M | $32M | $32M | $30M |
| Dividends paid | — | $0 | $0 | $13M | $16M | $16M | $15M | $15M |
| Share buybacks (net) | — | — | $0 | $0 | -$328M | -$75M | -$225M | -$300M |
| Net borrowing | $0 | $0 | $1.8B | $786M | $0 | -$300M | -$150M | -$50M |
| Free cash flow margin | 14.2% | 18.3% | 24.2% | 14.5% | 8.2% | 12.8% | 11.6% | 14.3% |
| Dividends per share | — | — | — | $0.07 | $0.10 | $0.10 | $0.10 | $0.10 |
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Open VNT in InvestinglyQuestions
What was Vontier's revenue in 2025?
$3.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Vontier generate?
$441M in fiscal 2025 (operating cash flow minus capital spending).
From Vontier's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.