Valmont Industries (VMI)

NYSE Industrials Industrial Machinery & Supplies & Components S&P MidCap 400

$404.31

+6.26 (+1.57%)

Close of Nov 06, 2026 · end-of-day data

Source: Valmont Industries's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	$2.75B	$2.76B	$2.77B	$2.90B	$3.50B	$4.35B	$4.35B	$4.17B	$4.08B	$4.10B
Cost of revenue	$2.06B	$2.09B	$2.08B	$2.13B	$2.62B	$3.22B	$3.22B	$2.94B	$2.83B	$2.86B
Gross profit	$681.77M	$668.17M	$682.68M	$765.51M	$883.89M	$1.13B	$1.13B	$1.24B	$1.24B	$1.24B
Research & development	$11.60M	$11.50M	$13.90M	$21.40M	$37.00M	$46.00M	$46.00M	$55.00M	$59.00M	$33.00M
Selling, general & admin	$414.69M	$440.22M	$454.78M	$522.92M	$590.61M	$692.98M	$692.98M	$768.42M	$716.63M	$717.63M
Operating income	$267.08M	$212.17M	$227.91M	$225.95M	$286.79M	$433.25M	$433.25M	$291.56M	$524.58M	$415.58M
Interest expense	$44.65M	$44.24M	$40.15M	$41.08M	$42.61M	$47.53M	$47.53M	$56.81M	$58.72M	$40.54M
Pre-tax income	$228.46M	$153.33M	$199.86M	$192.77M	$260.08M	$363.89M	$363.89M	$236.45M	$468.68M	$377.64M
Income tax	$106.14M	$45.61M	$47.75M	$49.62M	$61.41M	$108.69M	$108.69M	$90.12M	$117.98M	$23.86M
Net income	$116.24M	$101.77M	$146.41M	$140.69M	$195.63M	$250.86M	$250.86M	$150.85M	$348.26M	$350.27M
EBITDA	$352.04M	$295.00M	$310.17M	$308.85M	$379.36M	$530.42M	$530.42M	$390.26M	$619.98M	$504.08M
EPS (basic)	$5.16	$4.56	$6.76	$6.60	$9.23	$11.77	$11.77	$6.85	$17.31	$16.91
EPS (diluted)	$5.11	$4.53	$6.73	$6.57	$9.10	$11.62	$11.62	$6.78	$17.19	$16.79
Diluted shares	22.74M	22.45M	21.77M	21.43M	21.49M	21.58M	21.58M	21.16M	20.26M	19.94M
Gross margin	24.8%	24.2%	24.7%	26.4%	25.2%	25.9%	25.9%	29.6%	30.5%	30.2%
Operating margin	9.7%	7.7%	8.2%	7.8%	8.2%	10.0%	10.0%	7.0%	12.9%	10.1%
Net margin	4.2%	3.7%	5.3%	4.9%	5.6%	5.8%	5.8%	3.6%	8.5%	8.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$492.81M	$313.21M	$353.54M	$400.73M	$177.23M	$185.41M	$185.41M	$203.04M	$164.31M	$187.14M
Receivables	$503.68M	$483.96M	$480.00M	$511.71M	$571.59M	$604.18M	$604.18M	$657.96M	$654.36M	$590.13M
Inventory	$420.95M	$383.57M	$418.37M	$448.94M	$728.83M	$728.76M	$728.76M	$658.43M	$590.26M	$566.40M
Total current assets	$1.47B	$1.34B	$1.43B	$1.55B	$1.71B	$1.78B	$1.78B	$1.79B	$1.68B	$1.72B
Goodwill	$337.72M	$385.21M	$428.86M	$430.32M	$708.57M	$739.86M	$739.86M	$632.96M	$623.85M	$570.95M
Total assets	$2.60B	$2.58B	$2.81B	$2.95B	$3.45B	$3.56B	$3.56B	$3.48B	$3.33B	$3.37B
Total current liabilities	$403.00M	$409.04M	$513.78M	$673.30M	$765.86M	$803.99M	$803.99M	$723.10M	$811.42M	$731.62M
Short-term debt	$966.00K	$779.00K	$760.00K	$2.75M	$4.88M	$1.19M	$1.19M	$719.00K	$692.00K	$513.00K
Long-term debt	$753.89M	$741.82M	$764.94M	$728.43M	$947.07M	$870.93M	$870.93M	$1.11B	$729.94M	$795.15M
Total debt	$754.85M	$742.60M	$765.70M	$731.18M	$951.96M	$872.13M	$872.13M	$1.11B	$730.63M	$795.66M
Total liabilities	$1.49B	$1.47B	$1.66B	$1.77B	$2.06B	$1.92B	$1.92B	$2.06B	$1.74B	$1.73B
Shareholders' equity	$1.11B	$1.06B	$1.14B	$1.18B	$1.39B	$1.58B	$1.58B	$1.35B	$1.54B	$1.63B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$133.15M	$153.01M	$307.61M	$316.29M	$65.94M	$326.26M	$326.26M	$306.77M	$572.68M	$456.48M
Capital expenditures	$55.27M	$71.98M	$97.42M	$106.70M	$107.79M	$93.29M	$93.29M	$96.77M	$79.45M	$145.03M
Free cash flow	$77.88M	$81.02M	$210.19M	$209.59M	-$41.85M	$232.98M	$232.98M	$210.00M	$493.23M	$311.45M
Investing cash flow	-$49.62M	-$155.44M	-$168.15M	-$104.03M	-$417.31M	-$132.08M	-$132.08M	-$115.28M	-$78.88M	-$142.74M
Financing cash flow	-$32.01M	-$162.11M	-$98.95M	-$173.76M	$133.50M	-$181.91M	-$181.91M	-$176.41M	-$522.56M	-$298.86M
Dividends paid	$33.86M	$33.73M	$32.64M	$36.93M	$41.41M	$45.81M	$45.81M	$49.52M	$48.36M	$52.48M
Share buybacks	$0	$114.81M	$62.91M	$56.49M	$26.10M	$40.47M	$40.47M	$345.28M	$70.07M	$198.09M
Stock-based compensation	$10.71M	$10.39M	$11.59M	$14.87M	$28.72M	$41.85M	$41.85M	$39.22M	$29.87M	$24.31M
Depreciation & amortization	$84.96M	$82.83M	$82.26M	$82.89M	$92.58M	$97.17M	$97.17M	$98.71M	$95.39M	$88.51M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.02B	$977.83M	$1.04B	$1.02B	$1.04B	$969.31M	$1.05B	$1.05B	$1.04B	$1.03B	$1.12B	$1.10B
Cost of revenue	$732.59M	$671.61M	$719.46M	$718.48M	$724.27M	$678.21M	$729.38M	$727.73M	$728.84M	$712.32M	$777.87M	$772.42M
Gross profit	$282.94M	$306.22M	$320.28M	$301.69M	$313.02M	$291.10M	$321.17M	$318.25M	$309.42M	$316.88M	$340.82M	$331.38M
Selling, general & admin	$188.36M	$174.66M	$172.97M	$175.96M	$193.03M	$162.79M	$191.67M	$176.79M	$186.38M	$161.25M	$174.71M	$158.55M
Operating income	$63.55M	$131.55M	$147.31M	$125.73M	$119.99M	$128.31M	$29.28M	$141.46M	$116.53M	$155.63M	$166.11M	$172.83M
Interest expense	$15.31M	$16.22M	$15.85M	$14.31M	$12.34M	$10.12M	$10.54M	$9.74M	$10.15M	$9.41M	$9.43M	$9.31M
Pre-tax income	$45.17M	$118.44M	$132.24M	$112.36M	$105.65M	$118.02M	$19.01M	$131.54M	$109.07M	$145.14M	$162.47M	$163.28M
Income tax	$10.88M	$29.99M	$31.07M	$29.72M	$27.20M	$30.80M	$22.28M	$30.42M	-$59.64M	$37.12M	$41.99M	$41.82M
Net income	$35.96M	$87.82M	$99.72M	$83.07M	$77.65M	$87.26M	-$4.02M	$99.03M	$168.00M	$108.03M	$119.92M	$121.05M
EBITDA	$88.62M	$155.09M	$170.30M	$149.75M	$144.84M	$149.83M	$51.54M	$163.10M	$139.61M	$178.23M	$190.34M	$198.86M
EPS (basic)	$1.40	$4.35	$4.94	$4.13	$3.88	$4.35	$-1.53	$5.02	$9.06	$5.55	$6.19	$6.29
EPS (diluted)	$1.38	$4.32	$4.91	$4.11	$3.85	$4.32	$-1.53	$4.98	$8.99	$5.51	$6.14	$6.24
Diluted shares	-131.00K	20.32M	20.29M	20.23M	-22.00K	20.20M	19.81M	19.88M	-64.00K	19.62M	19.52M	19.39M
Gross margin	27.9%	31.3%	30.8%	29.6%	30.2%	30.0%	30.6%	30.4%	29.8%	30.8%	30.5%	30.0%
Operating margin	6.3%	13.5%	14.2%	12.3%	11.6%	13.2%	2.8%	13.5%	11.2%	15.1%	14.8%	15.7%
Net margin	3.5%	9.0%	9.6%	8.1%	7.5%	9.0%	-0.4%	9.5%	16.2%	10.5%	10.7%	11.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$203.04M	$169.19M	$163.14M	$200.48M	$164.31M	$184.40M	$208.53M	$226.11M	$187.14M	$160.19M	$139.05M	$122.05M
Receivables	$657.96M	$659.04M	$703.25M	$714.01M	$654.36M	$667.26M	$665.88M	$614.67M	$590.13M	$652.75M	$648.70M	$651.74M
Inventory	$658.43M	$668.74M	$633.23M	$611.42M	$590.26M	$579.27M	$581.36M	$591.35M	$566.40M	$587.72M	$608.84M	$644.81M
Total current assets	$1.79B	$1.78B	$1.78B	$1.81B	$1.68B	$1.72B	$1.74B	$1.76B	$1.72B	$1.77B	$1.78B	$1.84B
Goodwill	$632.96M	$629.89M	$630.23M	$0	$623.85M	$628.01M	$571.68M	$569.96M	$570.95M	$586.73M	$584.13M	$584.73M
Total assets	$3.48B	$3.47B	$3.46B	$3.50B	$3.33B	$3.38B	$3.35B	$3.37B	$3.37B	$3.44B	$3.47B	$3.54B
Total current liabilities	$723.10M	$674.83M	$705.03M	$770.05M	$811.42M	$760.85M	$809.59M	$778.58M	$731.62M	$745.86M	$757.35M	$760.97M
Short-term debt	$719.00K	$620.00K	$569.00K	$531.00K	$692.00K	$669.00K	$623.00K	$571.00K	$513.00K	—	$60.00K	$152.00K
Long-term debt	$1.11B	$1.11B	$1.02B	$898.20M	$729.94M	$729.98M	$730.04M	$730.09M	$795.15M	$790.29M	$730.62M	$756.14M
Total debt	$1.11B	$1.11B	$1.02B	$898.73M	$730.63M	$730.65M	$730.66M	$730.66M	$795.66M	$790.29M	$730.68M	$756.29M
Total liabilities	$2.06B	$2.01B	$1.94B	$1.91B	$1.74B	$1.68B	$1.73B	$1.70B	$1.73B	$1.75B	$1.73B	$1.77B
Shareholders' equity	$1.35B	$1.41B	$1.47B	$1.54B	$1.54B	$1.64B	$1.53B	$1.60B	$1.63B	$1.68B	$1.73B	$1.76B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$115.91M	$23.33M	$130.81M	$225.12M	$193.41M	$65.13M	$167.61M	$112.50M	$111.24M	$103.47M	$148.11M	$100.49M
Capital expenditures	$25.54M	$15.01M	$18.32M	$20.50M	$25.62M	$30.32M	$31.99M	$41.92M	$40.80M	$34.57M	$35.94M	$45.57M
Free cash flow	$90.37M	$8.32M	$112.49M	$204.62M	$167.80M	$34.81M	$135.62M	$70.58M	$70.44M	$68.91M	$112.17M	$54.92M
Investing cash flow	-$26.02M	-$18.64M	-$17.86M	-$18.59M	-$23.78M	-$30.19M	-$34.13M	-$39.99M	-$38.43M	-$43.30M	-$33.26M	-$45.31M
Financing cash flow	-$64.91M	-$34.83M	-$116.04M	-$175.00M	-$196.68M	-$16.99M	-$114.23M	-$54.95M	-$112.69M	-$87.22M	-$136.49M	-$72.29M
Dividends paid	$12.53M	$12.13M	$12.11M	$12.10M	$12.02M	$12.02M	$13.65M	$13.42M	$13.40M	$13.28M	$14.95M	$14.86M
Share buybacks	$178.62M	—	—	$40.13M	$15.00M	—	—	$25.83M	$72.25M	$57.55M	$59.99M	$82.32M
Stock-based compensation	$10.41M	$7.18M	$6.92M	$7.56M	$8.20M	$7.21M	$6.17M	$6.02M	$4.91M	$5.53M	$5.89M	$6.25M
Depreciation & amortization	$25.07M	$23.54M	$22.99M	$24.02M	$24.85M	$21.52M	$22.26M	$21.65M	$23.08M	$22.61M	$24.23M	$26.03M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.