ALAMO GROUP INC ALG
The Company is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.63B | $1.69B | $1.51B | $1.33B | $1.16B | $1.12B | $1.01B | $912.4M | $844.7M |
| Cost of revenue | $1.21B | $1.22B | $1.24B | $1.14B | $999.7M | $869.7M | $845.6M | $752.7M | $677.7M | $639.6M |
| Gross profit | $397.8M | $412.5M | $453.6M | $376.5M | $334.5M | $293.7M | $273.5M | $256.1M | $234.7M | $205.1M |
| SG&A | $229.7M | $231.5M | $240.2M | $212.6M | $202.9M | $184.2M | $172.9M | $151.5M | $142.6M | $137.5M |
| Total operating expenses | $246.2M | $247.7M | $255.7M | $227.9M | — | — | — | — | — | — |
| Operating income | $151.6M | $164.8M | $198.0M | $148.6M | $116.9M | $94.8M | $94.9M | $101.1M | $88.7M | $67.6M |
| Interest expense | $14.9M | $20.5M | $26.1M | $14.4M | $10.5M | $15.8M | $10.7M | $5.5M | $4.8M | $5.9M |
| Pre-tax income | $139.5M | $149.6M | $175.1M | $134.3M | $109.5M | $79.8M | $84.6M | $94.5M | $82.4M | $62.2M |
| Income tax | $35.7M | $33.7M | $39.0M | $32.4M | $29.3M | $22.0M | $21.5M | $21.0M | $38.1M | $22.1M |
| Net income | $103.8M | $115.9M | $136.2M | $101.9M | $80.2M | $57.8M | $63.1M | $73.5M | $44.3M | $40.0M |
| EPS, basic | 8.64 | 9.69 | 11.42 | 8.58 | 6.78 | 4.91 | 5.38 | 6.30 | 3.84 | 3.50 |
| EPS, diluted | 8.59 | 9.63 | 11.36 | 8.54 | 6.75 | 4.88 | 5.35 | 6.25 | 3.79 | 3.46 |
| Shares, diluted (wtd. avg.) | $12.1M | $12.0M | $12.0M | $11.9M | $11.9M | $11.8M | $11.8M | $11.8M | $11.7M | $11.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $309.7M | $197.3M | $51.9M | $47.0M | $42.1M | $50.2M | $42.3M | $34.0M | $25.4M | $16.8M |
| Receivables | $276.9M | $305.6M | $362.0M | $317.6M | $238.0M | $209.3M | $237.8M | $228.1M | $205.8M | $170.3M |
| Inventory | $383.3M | $343.4M | $377.5M | $352.6M | $320.9M | $242.5M | $267.7M | $176.6M | $155.6M | $135.8M |
| Total current assets | $998.1M | $857.5M | $804.0M | $727.2M | $612.2M | $515.5M | $570.8M | $452.8M | $392.5M | $327.6M |
| Property, plant and equipment | — | — | — | — | — | — | — | $87.2M | $76.7M | $66.6M |
| Goodwill | $214.6M | $203.0M | $206.5M | $195.9M | $202.4M | $195.1M | $198.0M | $83.2M | $84.8M | $74.8M |
| Other intangibles | $144.9M | $151.4M | $168.3M | $171.3M | $183.5M | $193.2M | $206.3M | $48.9M | $52.9M | $50.0M |
| Total assets | $1.61B | $1.45B | $1.41B | $1.31B | $1.21B | $1.12B | $1.21B | $721.6M | $639.7M | $552.8M |
| Accounts payable | $125.1M | $84.5M | $99.7M | $97.5M | $101.4M | $75.3M | $82.0M | $54.1M | $55.8M | $43.1M |
| Total current liabilities | $218.4M | $190.3M | $213.9M | $190.5M | $192.6M | $157.3M | $162.9M | $100.9M | $101.4M | $78.7M |
| Total liabilities | $457.9M | $432.0M | — | — | — | — | — | — | — | — |
| Retained earnings | $1.05B | $956.3M | $852.9M | $727.2M | $633.8M | $560.2M | $500.3M | $443.0M | $374.7M | $335.0M |
| Total equity | $1.15B | $1.02B | $932.8M | $785.4M | $705.7M | $635.0M | $577.9M | $515.4M | $449.1M | $387.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $177.5M | $209.8M | $131.2M | $14.5M | $49.7M | $184.3M | $88.8M | $12.9M | $70.8M | $75.8M |
| Depreciation and amortisation | $27.1M | $26.9M | $23.7M | $23.7M | $21.2M | $19.3M | $14.9M | $12.9M | $11.6M | $11.3M |
| Stock-based compensation | $9.9M | $9.1M | $7.4M | $5.6M | $6.0M | $4.1M | $3.3M | $2.5M | $1.9M | $1.4M |
| Capital expenditure | $30.6M | $25.0M | $37.7M | $31.1M | $25.3M | $17.9M | $31.3M | $26.6M | $13.5M | $9.7M |
| Investing cash flow | -$46.2M | -$22.2M | -$52.6M | -$31.7M | -$33.4M | -$14.2M | -$429.9M | -$25.4M | -$51.3M | -$8.7M |
| Financing cash flow | -$30.8M | -$32.0M | -$76.9M | $24.5M | -$23.0M | -$164.2M | $349.2M | $22.2M | -$12.4M | -$77.3M |
| Dividends paid | $14.4M | $12.4M | $10.5M | $8.5M | $6.6M | $6.1M | $5.6M | $5.1M | $4.6M | $4.1M |
| Buybacks | $3.0M | $2.0M | $1.0M | $768.0K | $2.0M | $710.0K | $589.0K | $436.0K | $166.0K | $19.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000897077-26-000016.
Others in SIC 3523
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DE | DEERE & CO | $186.99B | 37.5x | -11.7% |
| AGCO | AGCO CORP /DE | $9.34B | 13.7x | -13.5% |
| LNN | LINDSAY CORP | $1.25B | 18.2x | 12.8% |
| ARTW | ARTS WAY MANUFACTURING CO INC | $17.3M | 16.6x | -6.2% |