Valmont Industries, Inc.VMI
NYSE•Industrials•Conglomerates
Valmont Industries, Inc. operates as a manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. The company operates in two segments, Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications. The company also offers galvanizing and painting, and powder coating services for paint products; towers, small cell structures, camouflage concealment solutions, passive intermodulation mitigation equipment, and components for wireless communication markets; and solar single-axis tracker product, an integrated system of steel structures, electric motors, and electronic controllers, as well as provides coatings services to protect metal products. In addition, it manufactures center pivot components and linear irrigation equipment for the agricultural markets, such as parts and tubular products for industrial customers; advanced technology solutions for agricultural sector; mechanical irrigation equipment and service parts under the Valley brand name. Valmont Industries, Inc. was founded in 1946 and is headquartered in Omaha, Nebraska.
Valmont Industries, Inc. (VMI) reported trailing twelve months revenue of $4.16B as of March 2026, a 2.4% increase year-over-year. Quarterly revenue reached $1.03B, reflecting continued top-line momentum.
Valmont Industries, Inc. generated $371.05M in TTM net income, with quarterly EBITDA of $178.23M. The operating margin expanded from 13.2% to 15.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (15.1%) and net margin (10.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 9.0% a year ago, signaling stronger bottom-line efficiency.
VMI trades at a P/E of 28.7x (in line with broad market averages) and a P/S of 2.6x. The price-to-book ratio of 6.3x indicates a significant premium over book value.
The company generated $68.91M in free cash flow over the trailing twelve months, a 97.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $3.44B in total assets with $790.29M in long-term debt against $1.68B in stockholders equity for a debt-to-equity ratio of 0.5, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~11.7% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 19.0% but has fluctuated — the competitive advantage may be cyclical or emerging.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 16.8% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.5% — net buybacks are reducing shares outstanding and boosting per-share value.