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Maker of engineered steel/aluminum poles and structures (utility, lighting, telecom) and mechanized irrigation equipment for agriculture.
Maker of engineered steel/aluminum poles and structures (utility, lighting, telecom) and mechanized irrigation equipment for agriculture.
Sells large steel and concrete structures, notably utility transmission and distribution poles, under contracts where selling prices are adjusted for steel costs, plus galvanizing (zinc coating of steel) services for others and irrigation machines sold through dealers to farmers. The structures side is the larger part, while irrigation swings with farm income and project orders abroad.
Moat: narrow (scale, brand, distribution). Leading share in engineered pole/structure and irrigation equipment niches with established dealer networks.
Headquarters: Omaha, Nebraska, USA · Founded: 1946 · Employees: 10,791
Size Valmont Industries (VMI) is a United States Industrials company (Metal Fabrication) with a market value of $7.74B, the 910th largest of 3,117 United States companies the cockpit tracks. Shares closed at $404.31 on 6 Nov 2026.
Performance Over six months the shares fell 20.8%, against -13.7% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +19.2%); the operating margin is 14.3% (peer median 10.7%).
Valuation It trades at 15.9× forward earnings against a peer median of 31.0× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +4 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 7.8 points above its cost of capital (11.2% WACC).
Backlog Backlog (remaining performance obligations) was $300,000 at 26 Sep 2026, flat on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Valmont Industries has 2 bonds outstanding ($755M), rated BBB+ by the agencies and trading like A- at a weighted spread of 94 bp.
Short interest Short interest is 2.2% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.29B | $4.10B | $4.08B | $4.17B | $4.35B |
| Revenue growth | — | +1% | -2% | -4% | — |
| Gross profit | $1.29B | $1.24B | $1.24B | $1.24B | $1.13B |
| EBITDA | $708M | $611M | $623M | $573M | $536M |
| Net income | $528M | $335M | $348M | $151M | $251M |
| Free cash flow | $306M | $311M | $493M | $210M | $233M |
| Capital expenditure | $157M | $145M | $79.5M | $96.8M | $93.3M |
| Total debt | $896M | $947M | $889M | $1.29B | $1.05B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Valmont Industries VMI | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% |
| Lindsay LNN | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| Arcosa ACA | n/a | +24% | n/a | n/a | n/a | n/a |
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.
| Measure | VMI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.7% | -4.5% | 5th lowest of 21 |
| 6-month return | -20.8% | -13.7% | 7th lowest of 21 |
| Distance from 52-week high | -31.0% | -27.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +4.5% | +19.2% | 8th lowest of 21 |
| Operating margin | 14.3% | 10.7% | 7th highest of 21 |
| Forward P/E | 15.9× | 31.0× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.7% | 16.7% | 5th least demanding of 12 |
| Growth delivered (Del g) | +7.2% | +15.9% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | +3.5 pp | +1.7 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +7.8 pp | +0.1 pp | 4th highest of 21 |
| EV / EBITDA | 12.0× | 13.7× | 6th cheapest of 12 |
| Net debt / EBITDA | 1.1× | 0.3× | 2nd most indebted of 13 |
| Bond spread | 94 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Valmont Industries VMI | United States | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% | +7.2% |
| Himile Mechanical Science & Technology (Shandong) 002595.SZ | China | $7.40B | -29% | +17% | 20% | 19.8× | 8.4% | +15.9% |
| Anhui Tongguan Copper Foil 301217.SZ | China | $8.60B | -12% | +36% | 5% | 105.6× | n/a | n/a |
| SFS SFSN.SW | Switzerland | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% | +12.3% |
| Bharat Forge BHARATFORG.NS | India | $9.01B | -13% | +18% | 11% | 51.4× | 46.3% | +21.6% |
| SSAB SSAB-A.ST | Sweden | $9.31B | +10% | +3% | 8% | 12.2× | n/a | n/a |
| Bluescope Steel BSL.AX | Australia | $9.53B | +4% | +2% | 6% | 10.3× | 16.7% | +5.3% |
| Schaeffler India SCHAEFFLER.NS | India | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% | +20.8% |
| Mueller Industries MLI | United States | $11.5B | -25% | +21% | 20% | 12.0× | 0.0% | +11.7% |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| SKF SKF-A.ST | Sweden | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% | +4.1% |
| JL MAG Rare-Earth 6680.HK | Hong Kong | $4.59B | -27% | +46% | 11% | 17.3× | 14.3% | +25.2% |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| RBC Bearings RBC | United States | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% | +25.2% |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
Valmont Industries has 2 bonds outstanding with $755M face value. The agencies rate it BBB+; its bonds trade like A-. Weighted yield 6.22%, a spread of 94 bp over government bonds.
Valmont Industries reported $300,000 of remaining performance obligations at 26 Sep 2026, flat from a year earlier and flat from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.