Loading…
← CockpitCompetitor Analysis › ALG Alamo Group Inc.Open in the cockpit ↗

Alamo Group Inc.ALGCompetitor analysis, valuation and peers

United States · USD·Industrials›Trucks/Construction/Farm Machinery

Makes mowing/vegetation-management equipment and municipal machinery (street sweepers, snow removal, excavators).

Momentum weak 23
Mkt cap
$1.63B
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$24.7M
20-day average traded
Fwd P/E
11.6×
forward earnings
ROIC−WACC
-2.1 pp
WACC 9.6%
Hurdle
+0 pp
Req g minus delivered
Next earnings
111 days
25 Feb 2027
Close · USD$133.70
1D-2.1%
1W-9.5%
1M-14.0%
3M-20.9%
6M-18.4%
YTD-20.4%
1Y-24.6%
ATR %4.4%
Beta0.76
52w lowhigh39.2% off high

What Alamo does

Makes mowing/vegetation-management equipment and municipal machinery (street sweepers, snow removal, excavators).

Sells machines mainly through independent dealers and by bid to government bodies, and replacement parts and attachments add repeat business. The industrial division, serving governments and contractors, is one of two segments; the other sells farm implements. It has grown largely by buying smaller equipment brands.

Products and services

  • Vegetation management mowers/attachments
  • Street sweepers
  • Snow removal equipment
  • Agricultural implements

Customers

  • Government/municipalities
  • Agricultural equipment dealers
  • Utility right-of-way contractors

Where it sits in the supply chain

  • Agricultural & industrial equipment
  • Vegetation management / infrastructure…
  • Tractor-mounted mowers, sweepers…

What could go right

  • Infrastructure/right-of-way maintenance spending
  • Municipal replacement demand

What could go wrong

  • Agricultural equipment cyclicality
  • Municipal budget constraints

Moat: narrow (distribution, brand). Established dealer networks and municipal-bid relationships, but it competes with far larger equipment makers.

Headquarters: Seguin, Texas · Founded: 1969 · Employees: 3,800

Named competitors

  • Deere & Company DE
  • Bush Hog (Great Plains Mfg) private or unlisted
  • Vermeer Corporation private or unlisted
  • Woods Equipment private or unlisted
  • Tenco Industries private or unlisted

Alamo at a glance

Size Alamo (ALG) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.63B, the 1936th largest of 3,117 United States companies the cockpit tracks. Shares closed at $133.70 on 6 Nov 2026.

Performance Over six months the shares fell 18.4%, against -12.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 1.8% over the last twelve months (peer median +11.1%); the operating margin is 6.9% (peer median 9.0%).

Valuation It trades at 11.6× forward earnings against a peer median of 13.4× (8th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 2.1 points below its cost of capital (9.6% WACC).

Short interest Short interest is 4.3% of the free float (15 Oct 2026).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 87ALG 86
Six months, rebased to 100: Alamo against the median of its 20 peers (local-currency closes).

Alamo financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.64B$1.60B$1.63B$1.69B$1.51B
Revenue growth—-2%-4%+12%—
Gross profit$358M$381M$396M$438M$368M
EBITDA$171M$207M$218M$246M$195M
Net income$77.7M$104M$116M$136M$102M
Free cash flow$137M$147M$185M$93.4M-$16.6M
Capital expenditure$21.3M$32.4M$25.2M$37.7M$31.3M
Total debt$232M$220M$239M$252M$319M

Quarterly statements and history in the cockpit →

Alamo competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%70143339WAC605099605389SWANDEF603950BEMLDEZ300008082740ACE000880COM310530122568848500387003INGERRANDALG6-month return →1-month return →
Up and to the right = strong over both horizons. Alamo is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%25×50×75×70143339WAC603950BEMLDEZ300008ACECOM3105301225INGERRANDALGRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Alamo is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%0%50%100%7014WAC605099605389SWANDEF603950DEZ300008ACE7003ALGGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Alamo is the large dot.

Alamo competitors and peer comparison

Head to head with its named competitors (ALG vs DE)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Alamo ALG$1.63B-18%+2%7%11.6×7.0%
Deere & DE$181B+17%+8%20%32.0×16.2%

How Alamo compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Alamo against its 20 peers (data as of 6 Nov 2026)
MeasureALGPeer medianRank in peer set
1-month return-14.0%-7.0%8th lowest of 21
6-month return-18.4%-12.9%8th lowest of 21
Distance from 52-week high-39.2%-36.5%10th lowest of 21
Revenue growth (TTM)+1.8%+11.1%3rd lowest of 21
Operating margin6.9%9.0%8th lowest of 21
Forward P/E11.6×13.4×8th cheapest of 17
Growth the price implies (Req g, 7 yrs)7.0%10.6%9th least demanding of 17
Growth delivered (Del g)+6.6%+10.3%6th lowest of 17
Hurdle (Req g minus delivered)+0.4 pp-5.7 pp8th most demanding of 17
ROIC minus cost of capital-2.1 pp+0.6 pp8th lowest of 21
EV / EBITDA9.5×8.5×6th most expensive of 12
Net debt / EBITDA0.0×0.7×6th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Alamo ALGUnited States$1.63B-18%+2%7%11.6×7.0%+6.6%
Namura Shipbuilding 7014.TJapan$1.62B-9%+7%19%9.9×-3.1%+10.1%
Lonking 3339.HKHong Kong$1.57B-14%+22%12%7.0×n/an/a
Wacker Neuson WAC.DEGermany$1.71B+20%+14%7%13.4×1.5%+6.6%
CoCreation Grass 605099.SSChina$1.72B-41%+10%21%15.4×2.2%+12.3%
JiangSu Changling Hydraulic 605389.SSChina$1.72B-32%+19%12%n/a36.1%+4.4%
Swan Defence and Heavy Industries SWANDEF.NSIndia$1.54B+48%+642%-109%n/a57.1%+113.9%
Xiangyang Changyuandonggu Industry 603950.SSChina$1.72B-36%-8%17%22.8×22.1%+6.1%
BEML BEML.NSIndia$1.72B-2%+13%6%39.1×n/an/a
Deutz DEZ.DEGermany$1.74B-13%+11%5%11.4×19.8%+9.5%
Bestway Marine & Energy Technology 300008.SZChina$1.51B-29%+1%8%30.6×14.5%+54.0%
Hanwha Engine 082740.KSSouth Korea$1.50B-72%+3%12%10.9×-0.3%+10.6%
Action Construction Equipment ACE.NSIndia$1.47B+29%+5%15%29.0×29.6%+21.7%
Weichai Heavy Machinery 000880.SZChina$1.44B-33%+58%2%n/a6.8%+13.1%
Comer Industries COM.MIItaly$1.43B-18%+31%10%13.5×3.1%+17.7%
Nisshinbo 3105.TJapan$1.87B-9%+2%7%11.5×3.6%+1.9%
Hengbo 301225.SZChina$1.41B-11%+69%7%85.7×n/an/a
Beijing Jiuzhouyigui Environmental Technology 688485.SSChina$1.91B+29%+9%2%n/an/an/a
First Tractor 0038.HKHong Kong$1.93B-12%+18%6%8.5×-1.8%+6.7%
Mitsui ES 7003.TJapan$1.98B-45%+12%11%8.7×16.0%-11.3%
Ingersoll-Rand (India) INGERRAND.NSIndia$1.33B-13%+8%23%41.2×34.1%+17.6%

Questions

Who are Alamo's main competitors?
Named competitors: Deere & Company (DE), Bush Hog (Great Plains Mfg) (private or unlisted), Vermeer Corporation (private or unlisted), Woods Equipment (private or unlisted), Tenco Industries (private or unlisted). The cockpit's measured peer set (industry) also includes Namura Shipbuilding (7014.T), Lonking (3339.HK), Wacker Neuson (WAC.DE), CoCreation Grass (605099.SS), JiangSu Changling Hydraulic (605389.SS), Swan Defence and Heavy Industries (SWANDEF.NS).
Is Alamo expensive compared with its peers?
On forward p/e it trades at 11.6× against a peer median of 13.4×, 8th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Alamo stock performed?
Over six months to 6 Nov 2026 the shares returned -18.4% against -12.9% for the median peer; over one year -24.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.