VALMONT INDUSTRIES INC VMI

Industrials SIC 3440 - Fabricated Structural Metal Products NAICS Manufacturing › Fabricated Metal Product Manufacturing › Architectural and Structural Metals Manufacturing derived NYSE

Valmont Industries, Inc., along with its subsidiaries (collectively referred to as the "Company," "Valmont," "we," "us," or "our"), is a diversified manufacturer of products and services for infrastructure and agriculture markets. Founded in 1946 and headquartered in Omaha, Nebraska, our purpose is to conserve resources and improve life. We have been publicly traded since 1968, with our shares listed on the New York Stock Exchange under the ticker symbol "VMI."

Infrastructure: This segment consists of the manufacture and distribution of products and solutions to serve the infrastructure markets of utility, lighting, transportation, telecommunications, and solar, along with coatings services to protect metal products.

Last close 435.01 2026-10-23
Market cap $8.40B 2026-06-27 share count
52-week range 378.02 - 585.71

Valuation FY2025 figures against the last close

P/S2.0x
P/E25.9x
P/FCF27.0x
EV/EBITDA17.9x
Dividend yield0.6%
Diluted EPS16.79

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • International
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 3B (73.3%) 73% North America International, FY2025: 1.1B (26.7%) 27% International FY2024 North America, FY2024: 2.9B (71.2%) 71% International, FY2024: 1.2B (28.8%) 29% FY2023 North America, FY2023: 2.9B (69.2%) 69% International, FY2023: 1.3B (30.8%) 31%
Region FY2025FY2024FY2023
North America $3.01B $2.90B $2.89B
International $1.10B $1.17B $1.29B

As the company reported it, from the “BUSINESS SEGMENTS - Summary by Business Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Infrastructure
  • Agriculture
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Infrastructure, FY2025: 3.1B (75.3%) 75% Infrastructure Agriculture, FY2025: 1B (24.7%) 25% Agriculture FY2024 Infrastructure, FY2024: 3B (73.6%) 74% Agriculture, FY2024: 1.1B (26.4%) 26% FY2023 Infrastructure, FY2023: 3B (71.9%) 72% Agriculture, FY2023: 1.2B (28.1%) 28%
Segment FY2025FY2024FY2023
Infrastructure $3.09B $3.00B $3.00B
Agriculture $1.01B $1.08B $1.17B

As the company reported it, from the “BUSINESS SEGMENTS - Summary by Business Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.10B$4.08B$4.17B$4.35B$3.50B$2.90B$2.77B$2.76B$2.75B$2.52B
Cost of revenue $2.86B$2.83B$2.94B$3.22B$2.62B$2.13B$2.08B$2.09B$2.06B$1.87B
Gross profit $1.24B$1.24B$1.24B$1.13B$883.9M$765.5M$682.7M$668.2M$681.8M$656.2M
R&D $33.0M$59.0M$55.0M$46.0M$37.0M$21.4M$13.9M$11.5M$11.6M$8.3M
SG&A $717.6M$716.6M$768.4M$693.0M$590.6M$522.9M$454.8M$440.2M$414.7M$410.9M
Operating income $415.6M$524.6M$291.6M$433.2M$286.8M$226.0M$227.9M$212.2M$267.1M$245.4M
Interest expense $40.5M$58.7M$56.8M$47.5M$42.6M$41.1M$40.2M$44.2M$44.6M$44.4M
Pre-tax income $377.6M$468.7M$236.5M$363.9M$260.1M$192.8M$199.9M$153.3M$228.5M$220.5M
Income tax $23.9M$118.0M$90.1M$108.7M$61.4M$49.6M$47.8M$45.6M$106.1M$42.1M
Net income $350.3M$348.3M$150.8M$250.9M$195.6M$142.1M$152.1M$107.7M$122.3M$178.4M
EPS, basic 16.9117.316.8511.779.236.606.764.565.167.68
EPS, diluted 16.7917.196.7811.629.106.576.734.535.117.63
Shares, diluted (wtd. avg.) 19.9M20.3M21.2M21.6M21.5M21.4M21.8M22.4M22.7M22.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $187.1M$164.3M$203.0M$185.4M$177.2M$400.7M$353.5M$313.2M$492.8M$413.6M
Receivables $590.1M$654.4M$658.0M$604.2M$571.6M$511.7M$480.0M$484.0M$503.7M$439.3M
Inventory $566.4M$590.3M$658.4M$728.8M$728.8M$448.9M$418.4M$383.6M$420.9M$350.0M
Total current assets $1.72B$1.68B$1.79B$1.78B$1.71B$1.55B$1.43B$1.34B$1.47B$1.25B
Property, plant and equipment $673.9M$589.0M$617.4M$595.6M$598.6M$597.7M$558.1M$514.0M$518.9M$518.3M
Goodwill $571.0M$623.8M$633.0M$739.9M$708.6M$430.3M$428.9M$385.2M$337.7M$321.1M
Other intangibles $121.3M$134.1M$150.7M$176.6M$175.4M$167.2M$175.7M$176.0M$138.6M$144.4M
Total assets $3.37B$3.33B$3.48B$3.56B$3.45B$2.95B$2.81B$2.58B$2.60B$2.39B
Accounts payable $359.5M$372.2M$358.3M$360.3M$347.8M$268.1M$198.0M$218.1M$227.9M$177.5M
Short-term debt $513.0K$692.0K$719.0K$1.2M$4.9M$2.7M$760.0K$779.0K$966.0K$851.0K
Total current liabilities $731.6M$811.4M$723.1M$804.0M$765.9M$673.3M$513.8M$409.0M$403.0M$349.8M
Long-term debt $795.1M$729.9M$1.11B$870.9M$947.1M$728.4M$764.9M$741.8M$753.9M$754.8M
Total liabilities $1.73B$1.74B$2.06B$1.92B——————
Retained earnings $3.16B$2.94B$2.64B$2.59B$2.39B$2.25B$2.17B$2.03B$1.95B$1.87B
Total equity $1.63B$1.54B$1.35B$1.58B$1.39B$1.18B$1.19B$1.18B$1.18B$982.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $456.5M$572.7M$306.8M$326.3M$65.9M$316.3M$307.6M$153.0M$133.1M$232.8M
Depreciation and amortisation $88.5M$95.4M$98.7M$97.2M$92.6M$82.9M$82.3M$82.8M$85.0M$82.4M
Stock-based compensation $24.3M$29.9M$39.2M$41.9M$28.7M$14.9M$11.6M$10.4M$10.7M$9.9M
Capital expenditure $145.0M$79.5M$96.8M$93.3M$107.8M$106.7M$97.4M$72.0M$55.3M$57.9M
Investing cash flow -$142.7M-$78.9M-$115.3M-$132.1M-$417.3M-$104.0M-$168.2M-$155.4M-$49.6M-$53.0M
Financing cash flow -$298.9M-$522.6M-$176.4M-$181.9M$133.5M-$173.8M-$99.0M-$162.1M-$32.0M-$95.2M
Dividends paid $52.5M$48.4M$49.5M$45.8M$41.4M$36.9M$32.6M$33.7M$33.9M$34.1M
Buybacks $198.1M$70.1M$345.3M$40.5M$26.1M$56.5M$62.9M$114.8M$0$53.8M

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 0000102729-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.5B Gross profit, FY2016: 656.2M Net income, FY2016: 178.4M Revenue, FY2017: 2.7B Gross profit, FY2017: 681.8M Net income, FY2017: 122.3M Revenue, FY2018: 2.8B Gross profit, FY2018: 668.2M Net income, FY2018: 107.7M Revenue, FY2019: 2.8B Gross profit, FY2019: 682.7M Net income, FY2019: 152.1M Revenue, FY2020: 2.9B Gross profit, FY2020: 765.5M Net income, FY2020: 142.1M Revenue, FY2021: 3.5B Gross profit, FY2021: 883.9M Net income, FY2021: 195.6M Revenue, FY2022: 4.3B Gross profit, FY2022: 1.1B Net income, FY2022: 250.9M Revenue, FY2023: 4.2B Gross profit, FY2023: 1.2B Net income, FY2023: 150.8M Revenue, FY2024: 4.1B Gross profit, FY2024: 1.2B Net income, FY2024: 348.3M Revenue, FY2025: 4.1B Gross profit, FY2025: 1.2B Net income, FY2025: 350.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.52B $2.75B $2.76B $2.77B $2.90B $3.50B $4.35B $4.17B $4.08B $4.10B
Gross profit $656.2M $681.8M $668.2M $682.7M $765.5M $883.9M $1.13B $1.24B $1.24B $1.24B
Net income $178.4M $122.3M $107.7M $152.1M $142.1M $195.6M $250.9M $150.8M $348.3M $350.3M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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