Saturday 17 October 2026
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Alamo Group, Inc.
ALG Industrials Farm & Heavy Construction Machinery
Alamo Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, down 1.52% from fiscal 2024. In the quarter to June 2026, revenue grew 7.55%, EPS was flat, free cash flow grew 147.7% and total debt rose 23.3%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
150.66
1.96
−1.28%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 48.26 | 70.53 | 72.50 | 74.56 | 70.99 | 134.54 | 108.35 | 139.44 | 163.74 | 156.30 |
Analyst estimates 2026–2028 Powerpack |
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| High | 78.91 | 119.58 | 120.59 | 129.93 | 145.35 | 165.98 | 160.71 | 216.34 | 231.40 | 233.29 | |||||
| People | |||||||||||||||
| People | Employees | 2,900 | 3,280 | 3,470 | 4,270 | 3,990 | 4,200 | 4,200 | 4,350 | 3,750 | 3,800 | ||||
| Revenue/emp, $m | 0.29 | 0.28 | 0.29 | 0.26 | 0.29 | 0.32 | 0.36 | 0.39 | 0.43 | 0.42 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 845 | 912 | 1,009 | 1,119 | 1,163 | 1,334 | 1,514 | 1,690 | 1,629 | 1,604 | ||||
| Gross margin, % | 24.28 | 25.72 | 25.39 | 24.44 | 25.25 | 25.07 | 24.88 | 26.85 | 25.33 | 24.81 | |||||
| EBT | 62 | 82 | 95 | 85 | 80 | 109 | 134 | 175 | 150 | 140 | |||||
| EBT margin, % | 7.36 | 9.03 | 9.37 | 7.56 | 6.86 | 8.21 | 8.87 | 10.36 | 9.19 | 8.70 | |||||
| Net income | 40 | 44 | 73 | 63 | 58 | 80 | 102 | 136 | 116 | 104 | |||||
| Depreciation | 21 | 21 | 23 | 30 | 44 | 45 | 47 | 49 | 54 | 56 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 73.88 | 79.00 | 86.52 | 95.42 | 98.75 | 112.72 | 127.44 | 141.75 | 136.07 | 133.44 | ||||
| Earnings | 3.50 | 3.84 | 6.30 | 5.36 | 4.81 | 6.78 | 8.58 | 11.42 | 9.69 | 8.64 | |||||
| Cash flow | 6.63 | 6.13 | 1.11 | 7.57 | 15.65 | 4.20 | 1.22 | 11.00 | 17.53 | 14.77 | |||||
| Capex | (0.74) | (1.10) | (2.17) | (2.49) | (1.20) | (1.32) | (2.50) | (2.10) | (1.85) | (2.32) | |||||
| Free cash flow | 5.89 | 5.03 | (1.07) | 5.09 | 14.44 | 2.87 | (1.28) | 8.90 | 15.67 | 12.45 | |||||
| Book value | 33.91 | 38.89 | 43.51 | 48.58 | 53.90 | 59.62 | 66.12 | 78.25 | 85.08 | 95.58 | |||||
| Shares, m | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 22.15 | 29.25 | 12.27 | 23.47 | 28.74 | 21.71 | 16.35 | 18.04 | 19.21 | 19.43 | ||||
| P/S | 1.05 | 1.42 | 0.89 | 1.32 | 1.40 | 1.31 | 1.10 | 1.45 | 1.37 | 1.26 | |||||
| P/B | 2.29 | 2.89 | 1.78 | 2.58 | 2.56 | 2.47 | 2.12 | 2.63 | 2.19 | 1.76 | |||||
| EV/Sales | 1.11 | 1.46 | 0.94 | 1.67 | 1.60 | 1.48 | 1.27 | 1.56 | 1.38 | 1.19 | |||||
| EV/FCF | 13.95 | 22.93 | (77.24) | 31.50 | 10.95 | 58.05 | (125.95) | 24.92 | 11.99 | 12.82 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 76 | 71 | 13 | 89 | 184 | 50 | 15 | 131 | 210 | 178 | ||||
| Capex | (8) | (13) | (25) | (29) | (14) | (16) | (30) | (25) | (22) | (28) | |||||
| Free cash flow | 67 | 58 | (12) | 60 | 170 | 34 | (15) | 106 | 188 | 150 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 249 | 291 | 352 | 408 | 358 | 420 | 537 | 590 | 667 | 780 | ||||
| Total debt | 70 | 60 | 85 | 444 | 285 | 270 | 302 | 235 | 220 | 206 | |||||
| Net debt | 53 | 35 | 51 | 402 | 235 | 227 | 255 | 183 | 23 | (104) | |||||
| Shareholders’ equity | 388 | 449 | 507 | 570 | 635 | 706 | 785 | 933 | 1,018 | 1,149 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 6.93 | 7.43 | 10.80 | 6.52 | 4.95 | 6.90 | 8.11 | 10.02 | 8.11 | 6.79 | ||||
| ROIC | 9.58 | 11.46 | 11.31 | 6.11 | 6.81 | 7.83 | 8.93 | 11.09 | 9.89 | 9.07 | |||||
| ROE | 10.70 | 10.59 | 15.37 | 11.72 | 9.60 | 11.97 | 13.67 | 15.85 | 11.88 | 9.58 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Alamo Group, Inc. vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TEX Terex Corporation | $6.0B | 25.6× | 17.6× | +50.50% (above 0%: growing) | −11.82% (below 0%: shrinking) | +21.79% (above 0%: growing) | 19.84% | 8.36% | Compare |
| ALG Alamo Group, Inc. | $1.9B | 18.0× | 14.3× | +7.55% (above 0%: growing) | −0.77% (below 0%: shrinking) | +147.74% (above 0%: growing) | 24.59% | 10.15% | |
| BLBD Blue Bird Corporation | $1.8B | 6.8× | 14.9× | +29.94% (above 0%: growing) | +366.38% (above 0%: growing) | −58.60% (below 0%: shrinking) | 19.99% | 12.12% | Compare |
| LNN Lindsay Corporation | $1.1B | 20.5× | 22.2× | −5.13% (below 0%: shrinking) | −14.44% (below 0%: shrinking) | −105.43% (below 0%: shrinking) | 29.75% | 11.52% | Compare |
| ASTE Astec Industries, Inc. | $896.2M | 44.4× | 21.3× | +23.55% (above 0%: growing) | −36.99% (below 0%: shrinking) | −44.57% (below 0%: shrinking) | 26.17% | 5.00% | Compare |
| AEBI Aebi Schmidt Holding AG | $870.7M | 35.2× | 16.6× | +78.73% (above 0%: growing) | n/m | +19.42% (above 0%: growing) | 19.60% | 5.45% | Compare |
| MTW The Manitowoc Company, Inc. | $808.9M | 38.4× | 31.2× | +10.27% (above 0%: growing) | +875.00% (above 0%: growing) | +94.02% (above 0%: growing) | 20.69% | 5.23% | Compare |
| HY Hyster-Yale, Inc. | $539.7M | — (loss-making) | — (loss-making) | −15.02% (below 0%: shrinking) | n/m | −84.57% (below 0%: shrinking) | 15.70% | (2.26%) | Compare |
| WNC Wabash National Corporation | $522.3M | — (loss-making) | — (loss-making) | −9.06% (below 0%: shrinking) | n/m | +174.99% (above 0%: growing) | 3.67% | (6.06%) | Compare |
| Median of peers | $883.4M | 30.4× | 19.5× | +16.91% | −11.82% | −12.57% | 19.92% | 5.34% |
Alamo Group, Inc. (ALG) key facts
- Concern: Alamo Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, down 1.52% from fiscal 2024.
- Concern: Net income was $103.8 million, or $8.64 per share (basic), a net margin of 6.47%.
- Alamo Group, Inc. (ALG) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ALG traded at $150.66, a market capitalization of $1.9 billion.
- At that price the stock trades at 18.0× trailing-twelve-month earnings and 1.1× sales; its P/E is higher than 34% of its own readings over the past ten years.
- Alamo Group, Inc. pays an annual dividend of $1.36 per share, a yield of 0.90%, with a payout ratio of 16.3%.
- Return on equity was 9.58% and debt-to-equity 0.22.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.45 (safe zone) for fiscal 2025.