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Valmont Industries, Inc.

VMI Industrials Conglomerates

Valmont Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 0.71% from fiscal 2024.

Revenue
+6.49%
EPS
+504.6%
Free cash flow
−16.6%
Total debt
0.00%

Quarter to June 2026, against a year earlier

427.28 5.18 +1.23%
Market cap
$8.1B
P/E
16.3×
Fwd P/E
18.2×
Dividend yield
0.71%
F-score
6/9
Altman Z
6.04
Beneish M
−2.71
Dividend safety
90/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Infrastructure
  • Agriculture

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.10
Sold, $m 9.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 1 — — — —
Sell — — — — 1 1 — 1 — — — —
Insider Ownership 2.57%

Capital & Financial Ratios $m

Size
Market Cap 8,080.00
Revenue ttm 4,232.13
Net income ttm 498.56
Free cash flow ttm 325.05
Net debt Q 591.63
Valuation
P/E 16.30
Forward P/E 18.20
Price / sales 1.93
Forward P/S Powerpack
Price / FCF 25.15
Price / book 4.73
Financial health
Current ratio Q 2.35 (at or above 1.5: strong)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q 17.62
Growth
Revenue growth Q +6.49% (above 0%: growing)
Operating income growth Q +467.40% (above 0%: growing)
EPS, this year +22.23% (at or above 15%: strong)
EPS, next year A +12.61%
Revenue, next year A +6.09%
EPS, past 5 yrs +20.64% (at or above 15%: strong)
EPS, next 5 yrs A +16.87% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.5×; over the ten years it ranged from 1.0× in 2020 to 2.8× in 2026.
P/E against its own 10 years 3.23%
10-year low 10-year high
P/S against its own 10 years 91.19%
10-year low 10-year high
P/B against its own 10 years 88.76%
10-year low 10-year high
EV/Sales against its own 10 years 91.15%
10-year low 10-year high
EV/FCF against its own 10 years 62.41%
10-year low 10-year high

Dividends

Yield
0.71%
Annual rate
2.99
Payout ratio
11.6%
Growth, 2016–25
+6.84%/yr
  1. 1.50 ’16
  2. 1.50 ’17 +0%
  3. 1.50 ’18 +0%
  4. 1.50 ’19 +0%
  5. 1.80 ’20 +20%
  6. 2.00 ’21 +11%
  7. 2.20 ’22 +10%
  8. 2.40 ’23 +9%
  9. 2.40 ’24 +0%
  10. 2.72 ’25 +13%
  11. 3.06 ’26e +12%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 203 164 187 139
Receivables 658 654 590 649
Inventory 658 590 566 609
Other 176 187 267 273
1,788 1,683 1,720 1,782
2023 2024 2025 Q'26
Payables 358 372 360 388
ST’ Debt 1 1 1 0
Other 71 127 61 80
723 811 732 757

Compound Annual Growth %

10y 5y 3y
Sales 4.59% 7.23% (1.89%)
Cash Flow 5.30% 7.61% 11.85%
Earnings 23.64% 18.93% 10.10%
Book Value 5.40% 6.21% 1.08%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 5.70 Actual 6.24

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 4.95 4.92 Miss by 0.03
Q1 FY26 4.72 5.51 Beat by 0.79
Q2 FY26 5.76 6.14 Beat by 0.38
Q3 FY26 5.70 6.24 Beat by 0.54
Q4 FY26 5.46 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 5.51 6.14 — — —
’25 4.32 (1.53) 4.98 9.05 16.79
’24 4.32 4.91 4.11 3.84 17.19
’23 3.47 4.21 (2.32) 1.38 6.78
’22 2.90 3.53 3.34 1.86 11.62
’21 2.57 2.89 2.40 1.25 9.10
’20 1.99 1.06 1.84 1.68 6.57
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,029 1,119 — — —
’25 969 1,051 1,046 1,038 4,104
’24 978 1,040 1,020 1,037 4,075
’23 1,062 1,046 1,050 1,016 4,175
’22 981 1,136 1,097 1,132 4,345
’21 775 895 869 963 3,502
’20 674 689 734 798 2,895
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 103 148 — — —
’25 65 168 113 111 456
’24 23 131 225 193 573
’23 21 88 81 116 307
’22 3 65 116 143 326
’21 33 37 (8) 4 66
’20 62 88 122 43 316
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 69 113 — — —
’25 35 136 71 71 314
’24 8 113 205 168 494
’23 0 66 56 91 212
’22 (24) 43 98 118 235
’21 6 17 (40) (23) (40)
’20 39 63 100 17 220
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,522 2,746 2,757 2,767 2,895 3,502 4,345 4,175 4,075 4,104 4,232 +5.6% 4,354 4,678 4,985 +6.7%
Gross margin, % 26.02 24.83 24.23 24.67 26.44 25.24 25.92 29.61 30.46 30.21 30.37 +4.2 pt
EBT 220 228 153 200 193 260 364 236 469 378 548 +6.2%
EBT margin, % 8.74 8.32 5.56 7.22 6.66 7.43 8.37 5.66 11.50 9.20 12.95 +0.5 pt
Net income 178 122 108 152 142 198 254 145 351 354 499 +7.9%
Per share, $
Per share, $ Revenue 111.77 121.93 123.61 127.75 135.84 165.22 203.90 199.21 202.52 207.33 218.51 +7.1%
Earnings 7.68 5.16 4.23 7.10 6.60 9.23 11.77 6.85 17.31 16.91 25.89 +9.2%
Cash flow 10.32 5.91 6.86 14.20 14.84 3.11 15.31 14.64 28.46 23.06 24.54 +9.3%
Capex (2.34) (2.09) (0.40) (4.24) (4.50) (5.00) (4.30) (4.54) (3.92) (7.22) (7.76) +13.3%
Free cash flow 7.98 3.82 6.46 9.96 10.34 (1.89) 11.01 10.10 24.54 15.84 16.78 +7.9%
Book value 43.55 51.15 50.91 54.93 56.67 66.70 74.18 64.62 76.64 82.48 89.15 +7.4%
Shares, m 23 23 22 22 21 21 21 21 20 20 20 (1.4%)
Valuation, ×
Valuation, × P/E 18.65 32.43 24.18 21.10 26.50 27.11 27.54 34.39 17.73 23.71 16.30 25.3
P/S 1.28 1.37 0.90 1.17 1.29 1.52 1.59 1.18 1.51 1.94 1.93 1.4
P/B 3.29 3.27 2.18 2.73 3.09 3.76 4.37 3.63 4.00 4.88 4.73 3.5
EV/Sales 1.42 1.47 1.05 1.32 1.40 1.74 1.75 1.39 1.65 2.09 2.07 1.5
EV/FCF 19.93 46.83 20.15 16.95 18.41 (151.68) 32.38 27.49 13.64 27.33 26.97 7.1
Cash, $m
Cash, $m Operating cash flow 233 133 153 308 316 66 326 307 573 456 475 +7.8%
Capex (53) (47) (9) (92) (96) (106) (92) (95) (79) (143) (150) +11.7%
Free cash flow 180 86 144 216 220 (40) 235 212 494 314 325 +6.4%
Balance, $m
Balance, $m Working capital 903 1,070 932 918 881 947 977 1,065 872 988 1,025 +1.0%
Net debt 356 262 429 412 330 775 687 906 566 609 592 +6.1%
Shareholders’ equity 983 1,152 1,136 1,190 1,208 1,414 1,581 1,354 1,542 1,633 1,727 +5.8%
Returns, %
Returns, % ROA 7.24 4.66 3.97 5.49 4.88 6.11 7.16 4.08 10.23 9.99 14.08 +2.7 pt
ROIC 11.46 11.81 8.47 8.89 9.18 8.19 11.94 8.06 15.55 11.59 15.63 +0.1 pt
ROE 17.79 10.89 8.90 12.59 11.74 14.93 16.76 9.78 24.05 21.09 29.46 +3.3 pt
People
People Employees 10,552 10,690 10,328 9,862 10,844 11,041 11,364 11,125 10,986 10,791 — +0.2%
Revenue/emp, $m 0.24 0.26 0.27 0.28 0.27 0.32 0.38 0.38 0.37 0.38 — +5.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

Valmont Industries manufactures products and provides services for infrastructure and agriculture. Founded in 1946, it is headquartered in Omaha, Nebraska, and led by President and Chief Executive Officer Avner M. Applbaum.

Its Infrastructure business makes structures that carry electricity, support streetlights and traffic signs, and hold wireless communications equipment. For electric utilities, these include steel, concrete and composite structures used in transmission, substations and distribution. It also provides coatings that protect metal from corrosion and makes trackers that adjust the position of solar panels.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Infrastructure 3,099 75.51%
Agriculture 1,021 24.87%
Gross margin 30.21%
Operating margin 10.13%
Pre-tax margin 9.20%

Revenue by segment since 2009

Valmont Industries, Inc. vs peers in Conglomerates (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
HON Honeywell International Inc. $69.3B 8.4× 9.8× +4.26% (above 0%: growing) +264.23% (above 0%: growing) −12.08% (below 0%: shrinking) 37.59% 18.37% Compare
VMI Valmont Industries, Inc. $8.1B 16.3× 18.2× +6.49% (above 0%: growing) n/m −16.58% (below 0%: shrinking) 30.47% 14.85%
BBUC Brookfield Business Partners L.P. $5.9B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
GHC Graham Holdings Company $5.0B 9.3× 15.5× +7.13% (above 0%: growing) +677.34% (above 0%: growing) −58.54% (below 0%: shrinking) 30.10% 6.42% Compare
PAM Pampa Energia S.A. $3.9B 6.9× 7.2× +53.50% (above 0%: growing) +358.57% (above 0%: growing) +82.43% (above 0%: growing) 35.39% 25.20% Compare
OTTR Otter Tail Corporation $3.8B 19.4× 21.9× +0.40% (above 0%: growing) n/m −145.61% (below 0%: shrinking) 57.45% (7.24%) Compare
SEB Seaboard Corporation $3.7B 5.9× — (loss-making) +17.82% (above 0%: growing) +51.82% (above 0%: growing) −11.29% (below 0%: shrinking) 7.56% 3.42% Compare
DLX Deluxe Corporation $1.0B 10.3× 9.3× −4.22% (below 0%: shrinking) −18.00% (below 0%: shrinking) +110.79% (above 0%: growing) 51.99% 11.16% Compare
FBYD Falcon's Beyond Global, Inc. $837.9M — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
Median of peers $3.8B 8.9× 9.8× +5.70% +158.03% −11.69% 36.49% 8.79%

All 29 Conglomerates stocks →

Valmont Industries, Inc. (VMI) Latest News

28 Oct

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stockrow.com/VMI · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com