VNTVontier Corp
Totalizing Fluid Meters & Counting Devices
- Revenue
- $3.1B
- 3.2% YoY
- Operating margin
- 18.3%
- 1.3% YoY
- EBITDA
- $613M
- 4.8% YoY
- Market cap
- $4.9B
- Employees
- 400
- $8M revenue each
- Net debt / EBITDA
- 3.4×
- $2.1B net debt
- AI in 10-K
- 2.5
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 2 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$9M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo126% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo62% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes41% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$8M · 97th pctBottom quartile of its SIC industry
- Quiet on AINo2.5 per 10K words · 63rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo3.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$4.9B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$688K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.2B | $3.1B | $3.0B | $3.1B | 3.2% |
| Operating income | $582M | $578M | $543M | $537M | $562M | 4.6% |
| Net income | $413M | $401M | $377M | $422M | $406M | 3.8% |
| Operating cash flow | $481M | $321M | $455M | $428M | $511M | 20% |
| Capex | $48M | $60M | $60M | $83M | $70M | 15% |
| Stock-based comp | $26M | $24M | $32M | $32M | $30M | 4.7% |
| Buybacks | $0 | $328M | $75M | $225M | $300M | 34% |
| Dividends | $13M | $16M | $16M | $15M | $15M | 3.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $688K · 2
- Net
- −$688K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $13M | 113 | 190 |
| FY2024 | $10M | $6M | 111 | 159 |
| FY2023 | $9M | $19M | 104 | 135 |
| FY2022 | $6M | −$110K | 58 | 114 |
| FY2021 | $9M | $6M | 92 | 121 |