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Valmont Industries

VMI NYSE Industrial Machinery & Supplies & Components Financials FY2016–FY2025

Valmont Industries' revenue rose 0.7% to $4.1 billion in fiscal 2025. Its operating margin was 10.1%, down from 12.9% a year earlier. Free cash flow was $311 million, down 36.9%. It paid out $251 million in dividends and buybacks, 80% of free cash flow. The diluted share count fell 1.6%.

Last close · Oct 23, 2026

$435.01

0.2%
Value it Compare
Revenue Total sales reported in the income statement.
$4.1B
0.7% vs prior year
Operating margin Operating income as a share of revenue.
10.1%
2.7 pts
Net income Profit after all expenses, interest and tax.
$350M
0.6%
Free cash flow Cash from operations minus capital spending.
$311M
36.9%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
17.9%
0.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$8.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
17.0x
On $25.62 EPS (TTM)

What Valmont Industries does

No business description yet.

Legal name
Valmont Industries, Inc.
Fiscal year ends
December 27, 2025
Latest annual report
—
Accession · CIK
0000102729-26-000007
0000102729

Revenue and margins

Valmont Industries had $4.1B of revenue in fiscal 2025, up 0.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 9.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $311M in fiscal 2025, 7.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Valmont Industries returned $251M to shareholders in fiscal 2025, 80% of free cash flow. The diluted share count fell 1.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Valmont Industries yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$609M and divides by 19.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 17.0x · peers 20.7x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Valmont Industries can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $177M$185M$203M$164M$187M
Debt incl. finance leases $952M$872M$1.1B$731M$796M
Net debt / EBITDA 2.0x1.3x2.3x0.9x1.2x
Debt / equity 0.7x0.6x0.8x0.5x0.5x
Interest coverage 6.7x9.1x5.1x8.9x10.3x
Current ratio 2.2x2.2x2.5x2.1x2.4x
Quick ratio 1.3x1.3x1.6x1.4x1.6x
Total assets $3.4B$3.6B$3.5B$3.3B$3.4B
Total liabilities $2.0B$1.9B$2.1B$1.7B$1.7B
Shareholders' equity $1.4B$1.6B$1.4B$1.5B$1.6B
Net debt (− = net cash) $775M$687M$906M$566M$609M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.1M

1 insider

Sold, 12 months

$9.2M

3 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jul 27, 2026 Theodor Werner FreyeDirector Sold 800 $495.00 $0.4M Form 4
Jul 23, 2026 John L SchwietzExecutive VP and CFO Bought 208 $486.15 $0.1M Form 4
May 6, 2026 Renee L CampbellSVP, Capital Markets & Risk Sold 412 $522.45 $0.2M Form 4
Apr 24, 2026 Mogens C BayDirector Sold 17,500 $492.34 $8.6M Form 4
Oct 23, 2025 James Christopher ColwellPres.-Global TDS, Svc&Coating Sold 375 $410.68 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✕
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 97 / 97 / 9
Accruals ratio −4.4%−6.6%−3.2%
Altman Z'' 5.746.596.80

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Valmont Industries VMI $8.5B 0.7% 10.1% 7.6% 17.9% 17.0x 7
Fortive FTV $18.8B 1.9% 17.3% 23.5% 5.7% 36.1x 5 Compare →
Pentair PNR $9.1B 2.3% 20.5% 17.9% 14.0% 13.5x 9 Compare →
Mueller Industries MLI $11.9B 10.9% 22.9% 16.4% 40.3% — 6 Compare →
Lincoln Electric LECO $14.1B 5.6% 17.0% 12.6% 24.5% 25.5x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.5B $2.7B $2.8B $2.8B $2.9B $3.5B $4.3B $4.2B $4.1B $4.1B
Gross profit $656M $682M $668M $683M $766M $884M $1.1B $1.2B $1.2B $1.2B
Research and development $8.3M $11.6M $11.5M $13.9M $21.4M $37.0M $46.0M $55.0M $59.0M $33.0M
Operating income $245M $267M $212M $228M $226M $287M $433M $292M $525M $416M
Interest expense $44.4M $44.6M $44.2M $40.2M $41.1M $42.6M $47.5M $56.8M $58.7M $40.5M
Pretax income $221M $229M $153M $200M $193M $260M $364M $237M $469M $378M
Income tax $42.1M $106M $45.6M $47.8M $49.6M $61.4M $109M $90.1M $118M $23.9M
Net income $178M $122M $108M $152M $142M $196M $251M $151M $348M $350M
Diluted EPS $7.63 $5.11 $4.53 $6.73 $6.57 $9.10 $11.62 $6.78 $17.19 $16.79
Diluted shares 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B 0.02B
Cash flow
Cash from operations $233M $133M $153M $308M $316M $65.9M $326M $307M $573M $457M
Capital expenditure $57.9M $55.3M $72.0M $97.4M $107M $108M $93.3M $96.8M $79.5M $145M
Free cash flow $175M $77.9M $81.0M $210M $210M −$41.9M $233M $210M $493M $311M
Depreciation and amortization $82.4M $85.0M $82.8M $82.3M $82.9M $92.6M $97.2M $98.7M $95.4M $88.5M
Stock-based compensation $9.9M $10.7M $10.4M $11.6M $14.9M $28.7M $41.9M $39.2M $29.9M $24.3M
Acquisitions $0.0M $5.4M $143M $81.8M $15.9M $313M $39.3M $32.7M $0.0M $0.0M
Share buybacks $53.8M $0.0M $115M $62.9M $56.5M $26.1M $40.5M $345M $70.1M $198M
Dividends paid $34.1M $33.9M $33.7M $32.6M $36.9M $41.4M $45.8M $49.5M $48.4M $52.5M
Dividends and buybacks $87.9M $33.9M $149M $95.6M $93.4M $67.5M $86.3M $395M $118M $251M
Balance sheet
Cash and short-term investments $400M $493M $313M $354M $401M $177M $185M $203M $164M $187M
Total debt $756M $755M $743M $766M $731M $952M $872M $1.1B $731M $796M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.3B $1.5B $1.3B $1.4B $1.6B $1.7B $1.8B $1.8B $1.7B $1.7B
Current liabilities $350M $403M $409M $514M $673M $766M $804M $723M $811M $732M
Inventory $350M $421M $384M $418M $449M $729M $729M $658M $590M $566M
Property and equipment, net $518M $519M $514M $558M $598M $599M $596M $617M $589M $674M
Total assets $2.4B $2.6B $2.6B $2.8B $3.0B $3.4B $3.6B $3.5B $3.3B $3.4B
Total liabilities $1.4B $1.4B $1.4B $1.6B $1.7B $2.0B $1.9B $2.1B $1.7B $1.7B
Shareholders' equity $944M $1.1B $1.1B $1.1B $1.2B $1.4B $1.6B $1.4B $1.5B $1.6B
Margins
Gross margin 26.0% 24.8% 24.2% 24.7% 26.4% 25.2% 25.9% 29.6% 30.5% 30.2%
Operating margin 9.7% 9.7% 7.7% 8.2% 7.8% 8.2% 10.0% 7.0% 12.9% 10.1%
EBITDA margin 13.0% 12.8% 10.7% 11.2% 10.7% 10.8% 12.2% 9.4% 15.2% 12.3%
Net margin 7.1% 4.5% 3.9% 5.5% 4.9% 5.6% 5.8% 3.6% 8.6% 8.5%
FCF margin 6.9% 2.8% 2.9% 7.6% 7.2% −1.2% 5.4% 5.0% 12.1% 7.6%
Returns
Return on capital 14.6% 10.3% 9.8% 10.8% 10.7% 11.8% 13.5% 7.9% 18.0% 17.9%
Return on capital employed 12.1% 12.6% 9.7% 10.2% 9.9% 11.6% 15.9% 10.6% 19.9% 16.1%
Return on equity 19.2% 11.9% 9.9% 13.8% 12.2% 15.2% 16.9% 10.3% 24.1% 22.1%
Return on assets 7.5% 4.9% 4.2% 5.6% 4.9% 6.1% 7.2% 4.3% 10.2% 10.5%
Growth
Revenue growth −3.7% 8.9% 0.4% 0.4% 4.6% 20.9% 24.1% −3.9% −2.4% 0.7%
Net income growth 293.5% −31.4% −11.9% 41.2% −6.6% 37.6% 28.2% −39.9% 130.9% 0.6%
EPS growth 346.2% −33.0% −11.4% 48.6% −2.4% 38.5% 27.7% −41.7% 153.5% −2.3%
FCF growth −22.9% −55.5% 4.0% 159.4% −0.3% −120.0% — −9.9% 134.9% −36.9%
Share count change −3.0% 0.1% −1.3% −3.0% −1.6% 0.3% 0.4% −2.0% −4.2% −1.6%
Financial health
Net debt / EBITDA 1.1x 0.7x 1.5x 1.3x 1.1x 2.0x 1.3x 2.3x 0.9x 1.2x
Debt / equity 0.8x 0.7x 0.7x 0.7x 0.6x 0.7x 0.6x 0.8x 0.5x 0.5x
Interest coverage 5.5x 6.0x 4.8x 5.7x 5.5x 6.7x 9.1x 5.1x 8.9x 10.3x
Current ratio 3.6x 3.7x 3.3x 2.8x 2.3x 2.2x 2.2x 2.5x 2.1x 2.4x
Quick ratio 2.6x 2.6x 2.3x 2.0x 1.6x 1.3x 1.3x 1.6x 1.4x 1.6x
Capital allocation
Capex / revenue 2.3% 2.0% 2.6% 3.5% 3.7% 3.1% 2.2% 2.3% 2.0% 3.5%
Stock comp / revenue 0.4% 0.4% 0.4% 0.4% 0.5% 0.8% 1.0% 0.9% 0.7% 0.6%
Payouts / FCF 50.2% 43.5% 183.3% 45.5% 44.6% — 37.0% 188.0% 24.0% 80.5%
Quality scores
Piotroski F-score 8.0 6.0 5.0 8.0 6.0 4.0 7.0 6.0 7.0 7.0
Altman Z'' 6.5 6.7 6.4 6.0 5.7 5.4 5.9 5.7 6.6 6.8
Accruals ratio −2.3% −0.4% −1.8% −5.8% −6.1% 4.1% −2.2% −4.4% −6.6% −3.2%

Source: SEC EDGAR XBRL filings (CIK 0000102729). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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