Vontier Corporation (VNT) Income Statement Analysis

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Complete financial analysis of Vontier Corporation (VNT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vontier Corporation, a leading company in the Hardware, Equipment & Parts industry within the Technology sector.

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Vontier Corporation (VNT)

Industry: Hardware, Equipment & Parts

Sector: Technology

Website: https://www.vontier.com

About Vontier Corporation

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment. Its mobility technologies products include solutions and services in the areas of fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking and fleet management, and traffic management; and diagnostics and repair technologies products comprise vehicle repair tools, toolboxes, automotive diagnostic equipment, and software, as well as wheel-service equipment for automotive tire installation and repair shops, including brake lathes, tire changers, wheel balancers, and wheel weights under the Ammco and Coats brands. The company markets its products and services to retail and commercial fueling operators, convenience store and in-bay car wash operators, tunnel car wash and commercial vehicle repair businesses, municipal governments, and public safety entities and fleet owners/operators through a network of franchised mobile distributors, as well as direct sales personnel and independent distributors. It serves customers in North America, the Asia Pacific, Europe, and Latin America. The company was incorporated in 2019 and is headquartered in Raleigh, North Carolina.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	3.10B	3.18B	2.99B	2.70B	2.77B	2.67B	2.50B	2.39B
Cost of Revenue	1.66B	1.76B	1.66B	1.52B	1.58B	1.53B	1.43B	1.36B
Gross Profit	1.43B	1.43B	1.33B	1.19B	1.19B	1.14B	1.07B	1.02B
Gross Profit Ratio	46.24%	44.85%	44.57%	43.93%	42.96%	42.58%	42.94%	42.89%
Research & Development	163.50M	144.60M	129.30M	126.20M	136.40M	136.20M	126.20M	116.60M
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	643.10M	705.80M	621.60M	508.40M	491.30M	499.30M	445.80M	421.30M
Other Expenses	81.20M	-4.90M	-300.00K	2.10M	-600.00K	-700.00K	-600.00K	0.00
Operating Expenses	898.00M	850.40M	750.90M	634.60M	627.70M	635.50M	572.00M	551.90M
Cost & Expenses	2.55B	2.61B	2.41B	2.15B	2.21B	2.17B	2.00B	1.92B
Interest Income	0.00	69.60M	47.80M	10.00M	3.30M	0.00	0.00	3.90M
Interest Expense	93.70M	69.60M	47.80M	10.00M	0.00	0.00	0.00	0.00
Depreciation & Amortization	125.00M	101.70M	88.30M	78.30M	84.50M	86.40M	66.10M	58.40M
EBITDA	702.20M	698.70M	683.60M	636.70M	647.60M	586.00M	566.90M	544.80M
EBITDA Ratio	22.69%	22.75%	22.41%	26.51%	23.36%	21.98%	22.08%	22.81%
Operating Income	543.40M	577.90M	582.20M	638.80M	563.10M	499.60M	500.80M	486.40M
Operating Income Ratio	17.56%	18.15%	19.47%	23.62%	20.31%	18.74%	20.05%	20.37%
Total Other Income/Expenses	-59.90M	-50.50M	-48.20M	-7.90M	2.70M	7.70M	23.10M	3.30M
Income Before Tax	483.50M	527.40M	534.00M	460.30M	565.80M	507.30M	523.90M	476.30M
Income Before Tax Ratio	15.62%	16.56%	17.86%	17.02%	20.41%	19.03%	20.97%	19.94%
Income Tax Expense	106.60M	126.10M	121.00M	118.30M	129.30M	121.80M	150.60M	171.60M
Net Income	376.90M	401.30M	413.00M	342.00M	436.50M	385.50M	373.30M	304.70M
Net Income Ratio	12.18%	12.60%	13.81%	12.65%	15.75%	14.46%	14.94%	12.76%
EPS	2.43	2.50	2.44	2.03	2.59	2.29	2.23	1.82
EPS Diluted	2.42	2.49	2.43	2.02	2.59	2.27	2.20	1.79
Weighted Avg Shares Out	155.10M	160.50M	169.00M	168.40M	168.40M	168.30M	167.70M	167.70M
Weighted Avg Shares Out (Dil)	156.00M	161.00M	170.10M	169.40M	168.40M	169.70M	169.80M	169.80M

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