ITT vs Valmont Industries
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The short version
- Valmont Industries is the larger business, with $4.1B of revenue in fiscal 2025 against $3.9B for ITT.
- ITT grew revenue faster (8.5%, against 0.7%).
- ITT kept more of each dollar of sales as operating profit (17.4% operating margin, against 10.1%).
- ITT turned more of its sales into free cash flow (13.9% FCF margin, against 7.6%).
- Valmont Industries earned a higher return on the capital invested in it (17.9%, against 16.8%).
- Investors pay more for each dollar of ITT’s earnings: a P/E of 37.2x against 17.0x for Valmont Industries.
| Latest fiscal year | ITT · FY25 | VMI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.1B | $8.5B |
| Revenue | $3.9B | $4.1B |
| Free cash flow | $548M | $311M |
| Net income | $488M | $350M |
| Growth | ||
| Revenue growth | 8.5% | 0.7% |
| 5-year growth | 9.7% | 7.2% |
| Share count change | −2.9% | −1.6% |
| Profitability | ||
| Gross margin | 35.4% | 30.2% |
| Operating margin | 17.4% | 10.1% |
| Net margin | 12.4% | 8.5% |
| FCF margin | 13.9% | 7.6% |
| Return on capital | 16.8% | 17.9% |
| Return on equity | 14.2% | 22.1% |
| Balance sheet | ||
| Net debt | −$957M | $609M |
| Net debt / EBITDA | −1.2x | 1.2x |
| Dividends and buybacks | $632M | $251M |
| Valuation & quality | ||
| P/E | 37.2x | 17.0x |
| Piotroski F-score | 7 | 7 |
Revenue
FY16
ITT $2.4B
VMI $2.5B
FY17
ITT $2.6B
VMI $2.7B
FY18
ITT $2.7B
VMI $2.8B
FY19
ITT $2.8B
VMI $2.8B
FY20
ITT $2.5B
VMI $2.9B
FY21
ITT $2.8B
VMI $3.5B
FY22
ITT $3.0B
VMI $4.3B
FY23
ITT $3.3B
VMI $4.2B
FY24
ITT $3.6B
VMI $4.1B
FY25
ITT $3.9B
VMI $4.1B
ITT
VMI
Operating margin
FY16
ITT 11.5%
VMI 9.7%
FY17
ITT 12.4%
VMI 9.7%
FY18
ITT 14.5%
VMI 7.7%
FY19
ITT 14.5%
VMI 8.2%
FY20
ITT 9.1%
VMI 7.8%
FY21
ITT 18.2%
VMI 8.2%
FY22
ITT 15.7%
VMI 10.0%
FY23
ITT 16.2%
VMI 7.0%
FY24
ITT 18.7%
VMI 12.9%
FY25
ITT 17.4%
VMI 10.1%
ITT
VMI
Free cash flow
FY16
ITT $129M
VMI $175M
FY17
ITT $134M
VMI $77.9M
FY18
ITT $276M
VMI $81.0M
FY19
ITT $266M
VMI $210M
FY20
ITT $372M
VMI $210M
FY21
ITT −$96.8M
VMI −$41.9M
FY22
ITT $174M
VMI $233M
FY23
ITT $430M
VMI $210M
FY24
ITT $439M
VMI $493M
FY25
ITT $548M
VMI $311M
ITT
VMI
Return on capital
FY16
ITT 16.9%
VMI 14.6%
FY17
ITT 12.5%
VMI 10.3%
FY18
ITT 24.4%
VMI 9.8%
FY19
ITT 21.8%
VMI 10.8%
FY20
ITT 12.6%
VMI 10.7%
FY21
ITT 19.9%
VMI 11.8%
FY22
ITT 19.0%
VMI 13.5%
FY23
ITT 19.1%
VMI 7.9%
FY24
ITT 20.7%
VMI 18.0%
FY25
ITT 16.8%
VMI 17.9%
ITT
VMI
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.