VMI · Valmont Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | - | $1.05B | $1.05B | $969.31M | - | $1.02B | $1.04B | $977.83M | - |
| Cost of Revenue | $712.32M | - | $727.73M | $729.38M | $678.21M | - | $718.48M | $719.46M | $671.61M | - |
| Gross Profit | $316.88M | - | $318.25M | $321.17M | $291.10M | - | $301.69M | $320.28M | $306.22M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $161.25M | - | $176.79M | $191.67M | $162.79M | - | $175.96M | $172.97M | $174.66M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $22.61M | - | $21.65M | $22.99M | $21.52M | - | - | - | $23.54M | - |
| Operating Income | $155.63M | - | $141.46M | $29.28M | $128.31M | - | $125.73M | $147.31M | $131.55M | - |
| Interest Expense | $9.41M | - | $9.74M | $10.54M | $10.12M | - | $14.31M | $14.92M | $16.22M | - |
| Income Tax | $37.12M | - | $30.42M | $22.28M | $30.80M | - | $29.72M | $31.07M | $29.99M | - |
| Net Income | $108.03M | - | $99.03M | ($4.02M) | $87.26M | - | ($49.03M) | $89.38M | $74.54M | - |
| EPS - Basic | $5.55 | - | $5.02 | ($1.53) | $4.35 | - | $4.13 | $4.94 | $4.35 | - |
| EPS - Diluted | $5.51 | - | $4.98 | ($1.53) | $4.32 | - | $4.11 | $4.91 | $4.32 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $160.19M | $187.14M | $226.11M | $208.53M | $184.40M | $164.31M | $200.48M | $163.14M | $169.19M | $203.04M |
| Accounts Receivable | $652.75M | $590.13M | $614.67M | $665.88M | $667.26M | $654.36M | $714.01M | $703.25M | $659.04M | $657.96M |
| Inventory | $587.72M | $566.40M | $591.35M | $581.36M | $579.27M | $590.26M | $611.42M | $633.23M | $668.74M | $658.43M |
| Accounts Payable | $374.21M | $359.54M | $377.26M | $385.33M | $348.93M | $372.20M | $353.88M | $353.73M | $327.41M | $358.31M |
| Current Assets | $1.77B | $1.72B | $1.76B | $1.74B | $1.72B | $1.68B | $1.81B | $1.78B | $1.78B | $1.79B |
| Total Assets | $3.44B | $3.37B | $3.37B | $3.35B | $3.38B | $3.33B | $3.50B | $3.46B | $3.47B | $3.48B |
| Current Liabilities | $745.86M | $731.62M | $778.58M | $809.59M | $760.85M | $811.42M | $770.05M | $705.03M | $674.83M | $723.10M |
| Long-term Debt | $790.29M | $795.15M | $730.09M | $730.04M | $729.98M | $729.94M | $898.20M | $1.02B | $1.11B | $1.11B |
| Total Liabilities | $1.75B | $1.73B | $1.70B | $1.73B | $1.68B | $1.74B | $1.91B | $1.94B | $2.01B | $2.06B |
| Stockholders' Equity | $1.68B | $1.63B | $1.60B | $1.53B | $1.64B | $1.54B | $1.54B | $1.47B | $1.41B | $1.35B |
| Retained Earnings | $3.24B | $3.16B | $3.04B | $2.96B | $3.00B | $2.94B | $2.88B | $2.81B | $2.72B | $2.64B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.47M | - | - | - | $65.13M | - | - | - | $23.33M | - |
| Investing Cash Flow | ($43.30M) | - | - | - | ($30.19M) | - | - | - | ($18.64M) | - |
| Financing Cash Flow | ($87.22M) | - | - | - | ($16.99M) | - | - | - | ($34.83M) | - |
| CapEx | $34.57M | - | - | - | $30.32M | - | - | - | $15.01M | - |
| Free Cash Flow | $68.91M | - | - | - | $34.81M | - | - | - | $8.32M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.8% | - | 30.4% | 30.6% | 30.0% | - | 29.6% | 30.8% | 31.3% | - |
| Operating margin | 15.1% | - | 13.5% | 2.8% | 13.2% | - | 12.3% | 14.2% | 13.5% | - |
| EBITDA margin | 17.3% | - | 15.6% | 5.0% | 15.5% | - | - | - | 15.9% | - |
| Net margin | 10.5% | - | 9.5% | -0.4% | 9.0% | - | -4.8% | 8.6% | 7.6% | - |
| Free cash flow margin | 6.7% | - | - | - | 3.6% | - | - | - | 0.9% | - |
| FCF / Net income | 0.64 | - | - | - | 0.40 | - | - | - | 0.11 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.7% | - | 16.9% | 18.2% | 16.8% | - | 17.2% | 16.6% | 17.9% | - |
| Effective tax rate | 25.6% | - | 23.5% | 122.0% | 26.1% | - | - | 25.8% | 28.7% | - |
| Return on assets | 3.1% | - | 2.9% | -0.1% | 2.6% | - | -1.4% | 2.6% | 2.2% | - |
| Return on equity | 6.4% | - | 6.2% | -0.3% | 5.3% | - | -3.2% | 6.1% | 5.3% | - |
| Return on invested capital | 4.7% | - | 4.7% | 0.6% | 4.0% | - | 4.1% | 4.4% | 3.7% | - |
| Liquidity | ||||||||||
| Current ratio | 2.38 | 2.35 | 2.26 | 2.15 | 2.26 | 2.07 | 2.35 | 2.53 | 2.64 | 2.47 |
| Quick ratio | 1.59 | 1.58 | 1.50 | 1.44 | 1.50 | 1.35 | 1.55 | 1.63 | 1.65 | 1.56 |
| Cash ratio | 0.21 | 0.26 | 0.29 | 0.26 | 0.24 | 0.20 | 0.26 | 0.23 | 0.25 | 0.28 |
| Leverage | ||||||||||
| Debt / Equity | 0.47 | 0.49 | 0.46 | 0.48 | 0.45 | 0.47 | 0.58 | 0.69 | 0.79 | 0.82 |
| Debt / Assets | 0.23 | 0.24 | 0.22 | 0.22 | 0.22 | 0.22 | 0.26 | 0.29 | 0.32 | 0.32 |
| Debt / EBITDA | 4.43 | - | 4.48 | 13.97 | 4.87 | - | - | - | 7.14 | - |
| Interest coverage | 16.5x | - | 14.5x | 2.8x | 12.7x | - | 8.8x | 9.9x | 8.1x | - |
| Equity multiplier | 2.05 | 2.06 | 2.11 | 2.19 | 2.06 | 2.16 | 2.27 | 2.35 | 2.46 | 2.57 |
| Liabilities / Assets | 0.51 | 0.51 | 0.50 | 0.52 | 0.50 | 0.52 | 0.55 | 0.56 | 0.58 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.31 | 0.31 | 0.29 | - | 0.29 | 0.30 | 0.28 | - |
| Inventory turnover | 1.21 | - | 1.23 | 1.25 | 1.17 | - | 1.18 | 1.14 | 1.00 | - |
| Days sales outstanding | 231d | - | 214d | 231d | 251d | - | 255d | 247d | 246d | - |
| Days inventory outstanding | 301d | - | 297d | 291d | 312d | - | 311d | 321d | 363d | - |
| Days payable outstanding | 192d | - | 189d | 193d | 188d | - | 180d | 179d | 178d | - |
| Cash conversion cycle | 341d | - | 322d | 329d | 375d | - | 386d | 389d | 432d | - |
| Valuation | ||||||||||
| P / E | 71.2x | - | 77.3x | - | 67.0x | - | 70.3x | 55.9x | 52.8x | - |
| P / B | 4.6x | - | 4.8x | 4.3x | 3.6x | - | 3.8x | 3.8x | 3.3x | - |
| P / S | 7.5x | - | 7.3x | 6.3x | 6.0x | - | 5.7x | 5.4x | 4.7x | - |
| EV / EBITDA | 46.7x | - | 50.0x | 136.5x | 42.7x | - | - | - | 36.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.2% | - | 2.5% | 1.0% | -0.9% | - | -2.9% | -0.6% | -8.0% | - |
| Revenue CAGR (3y) | -1.1% | - | -1.6% | -2.6% | - | - | 5.5% | 5.1% | -0.1% | - |
| Revenue CAGR (5y) | 1.0% | - | 7.3% | 8.8% | 7.5% | - | 8.1% | 8.2% | - | - |
| Gross profit growth (YoY) | 8.9% | - | 5.5% | 0.3% | -4.9% | - | -4.3% | -2.8% | -0.8% | - |
| Operating income growth (YoY) | 21.3% | - | 12.5% | -80.1% | -2.5% | - | - | 10.2% | 11.0% | - |
| Net income growth (YoY) | 23.8% | - | - | - | 17.1% | - | 0.0% | 0.0% | 0.0% | - |
| EPS growth (YoY) | 27.5% | - | 21.2% | - | 0.0% | - | - | 16.6% | 24.5% | - |
| EPS CAGR (3y) | 16.7% | - | 14.2% | - | - | - | 19.6% | 19.3% | 14.2% | - |
| EPS CAGR (5y) | 13.7% | - | 22.0% | - | 16.8% | - | 17.3% | 20.9% | - | - |
| FCF growth (YoY) | 97.9% | - | - | - | 318.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | -2.1% | - | - | - | - | - |
| Book value growth (YoY) | 2.7% | 5.9% | 3.5% | 3.9% | 16.0% | 13.9% | 2.7% | -8.7% | -8.5% | -14.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-27.
Business segments
$2.59B totalInfrastructure$1.61B · 62.2%
Agriculture$978.83M · 37.8%
Product / service
$8.22B totalProduct$3.67B · 44.6%
Utility Product Line$1.51B · 18.4%
Irrigation Equipment And Parts Excluding Technology$926.28M · 11.3%
Lighting And Transportation$830.27M · 10.1%
Service$433.51M · 5.3%
Coatings$362.21M · 4.4%
Telecommunications$313.88M · 3.8%
Technology Products And Services$94.47M · 1.1%
Renewable Energy$81.62M · 1.0%
Geographic
$7.20B totalUS$2.96B · 41.1%
North America$2.52B · 34.9%
Other Countries$705.58M · 9.8%
International$583.43M · 8.1%
AU$282.26M · 3.9%
BR$159.13M · 2.2%
Peer comparison
Same SIC group: Fabricated Structural Metal Products
Comparing VALMONT INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$2.81/share trailing 12 months · +13.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.7700 |
| Dec 26, 2025 | $0.6800 |
| Sep 26, 2025 | $0.6800 |
| Jun 27, 2025 | $0.6800 |
| Mar 28, 2025 | $0.6800 |
| Dec 27, 2024 | $0.6000 |
| Sep 27, 2024 | $0.6000 |
| Jun 28, 2024 | $0.6000 |
| Mar 27, 2024 | $0.6000 |
| Dec 28, 2023 | $0.6000 |
| Sep 28, 2023 | $0.6000 |
| Jun 29, 2023 | $0.6000 |
| Mar 30, 2023 | $0.6000 |
| Dec 29, 2022 | $0.5500 |
| Sep 22, 2022 | $0.5500 |
| Jun 23, 2022 | $0.5500 |
| Mar 24, 2022 | $0.5500 |
| Dec 22, 2021 | $0.5000 |
| Sep 23, 2021 | $0.5000 |
| Jun 24, 2021 | $0.5000 |
| Mar 25, 2021 | $0.5000 |
| Dec 23, 2020 | $0.4500 |
| Sep 24, 2020 | $0.4500 |
| Jun 25, 2020 | $0.4500 |