Donaldson
DCI · Industrial Machinery & Supplies & Components
$84.79
1.5%Valmont Industries
VMI · Industrial Machinery & Supplies & Components
$435.01
0.2%The short version
- Valmont Industries is the larger business, with $4.1B of revenue in fiscal 2025 against $3.9B for Donaldson.
- Donaldson grew revenue faster (5.3%, against 0.7%).
- Donaldson kept more of each dollar of sales as operating profit (15.4% operating margin, against 10.1% operating margin).
- Donaldson turned more of its sales into free cash flow (11.0% FCF margin, against 7.6% FCF margin).
- Donaldson earned a higher return on the capital invested in it (19.4%, against 17.9%).
- Investors pay more for each dollar of Donaldson’s earnings: a P/E of 22.0x against 17.0x for Valmont Industries.
| Latest fiscal year | DCI · FY26 | VMI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.0B | $8.5B |
| Revenue | $3.9B | $4.1B |
| Free cash flow | $426M | $311M |
| Net income | $454M | $350M |
| Growth | ||
| Revenue growth | 5.3% | 0.7% |
| 5-year growth | 6.4% | 7.2% |
| Share count change | −2.1% | −1.6% |
| Profitability | ||
| Gross margin | 34.6% | 30.2% |
| Operating margin | 15.4% | 10.1% |
| Net margin | 11.7% | 8.5% |
| FCF margin | 11.0% | 7.6% |
| Return on capital | 19.4% | 17.9% |
| Return on equity | 28.2% | 22.1% |
| Balance sheet | ||
| Net debt | $1.1B | $609M |
| Net debt / EBITDA | 1.5x | 1.2x |
| Dividends and buybacks | $252M | $251M |
| Valuation & quality | ||
| P/E | 22.0x | 17.0x |
| Piotroski F-score | 7 | 7 |
FY17
DCI $2.4B
VMI $2.7B
FY18
DCI $2.7B
VMI $2.8B
FY19
DCI $2.8B
VMI $2.8B
FY20
DCI $2.6B
VMI $2.9B
FY21
DCI $2.9B
VMI $3.5B
FY22
DCI $3.3B
VMI $4.3B
FY23
DCI $3.4B
VMI $4.2B
FY24
DCI $3.6B
VMI $4.1B
FY25
DCI $3.7B
VMI $4.1B
FY26
DCI $3.9B
VMI —
DCI
VMI
FY17
DCI 13.6%
VMI 9.7%
FY18
DCI 13.8%
VMI 7.7%
FY19
DCI 13.7%
VMI 8.2%
FY20
DCI 13.2%
VMI 7.8%
FY21
DCI 13.5%
VMI 8.2%
FY22
DCI 13.4%
VMI 10.0%
FY23
DCI 14.0%
VMI 7.0%
FY24
DCI 15.2%
VMI 12.9%
FY25
DCI 13.4%
VMI 10.1%
FY26
DCI 15.4%
VMI —
DCI
VMI
FY17
DCI $252M
VMI $77.9M
FY18
DCI $165M
VMI $81.0M
FY19
DCI $195M
VMI $210M
FY20
DCI $263M
VMI $210M
FY21
DCI $343M
VMI −$41.9M
FY22
DCI $167M
VMI $233M
FY23
DCI $426M
VMI $210M
FY24
DCI $407M
VMI $493M
FY25
DCI $340M
VMI $311M
FY26
DCI $426M
VMI —
DCI
VMI
FY17
DCI 20.8%
VMI 10.3%
FY18
DCI 16.0%
VMI 9.8%
FY19
DCI 21.7%
VMI 10.8%
FY20
DCI 19.1%
VMI 10.7%
FY21
DCI 20.6%
VMI 11.8%
FY22
DCI 22.3%
VMI 13.5%
FY23
DCI 21.7%
VMI 7.9%
FY24
DCI 23.5%
VMI 18.0%
FY25
DCI 19.8%
VMI 17.9%
FY26
DCI 19.4%
VMI —
DCI
VMI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.