Valmont Industries (VMI) Financials

$516.42 +2.79 (+0.54%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$513.50 -2.91 (-0.56%)

As of 07:00 AM Eastern

Annual Income Statements for Valmont Industries

This table shows Valmont Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	40	173	116	102	146	141	196	251	151	348	350
Consolidated Net Income / (Loss)	45	178	122	108	152	142	198	254	145	351	354
Net Income / (Loss) Continuing Operations	45	178	122	108	152	142	198	254	145	351	354
Total Pre-Tax Income	93	220	228	153	200	193	260	364	236	469	378
Total Operating Income	132	245	267	212	228	226	287	433	292	525	416
Total Gross Profit	621	656	682	668	683	766	884	1,126	1,236	1,241	1,240
Total Revenue	2,619	2,522	2,746	2,757	2,767	2,895	3,502	4,345	4,175	4,075	4,104
Operating Revenue	2,619	2,522	2,746	2,757	2,767	2,895	3,502	4,345	4,175	4,075	4,104
Total Cost of Revenue	1,998	1,865	2,064	2,089	2,084	2,130	2,618	3,219	2,939	2,834	2,864
Operating Cost of Revenue	1,998	1,865	2,064	2,089	2,084	2,130	2,618	3,219	2,939	2,834	2,864
Total Operating Expenses	489	411	415	456	455	540	597	693	944	717	824
Selling, General & Admin Expense	447	411	415	440	455	523	591	693	768	717	718
Impairment Charge	42	0.00	0.00	16	0.00	17	6.50	0.00	141	0.00	91
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	35	0.00	15
Total Other Income / (Expense), net	-39	-25	-39	-59	-28	-33	-27	-69	-55	-56	-38
Interest Expense	45	44	45	59	40	41	43	48	57	59	41
Interest & Investment Income	3.30	3.11	8.60	3.83	9.90	4.82	3.11	2.02	6.23	7.18	8.19
Other Income / (Expense), net	2.64	16	-2.57	-3.61	2.20	3.07	13	-24	-4.53	-4.36	-5.58
Income Tax Expense	47	42	106	46	48	50	61	109	90	118	24
Other Gains / (Losses), net	-0.25	0.00	-	0.00	0.00	-1.00	-0.94	-0.95	-1.42	-0.08	-0.09
Net Income / (Loss) Attributable to Noncontrolling Interest	5.22	5.16	6.08	5.96	5.70	1.46	2.10	3.39	-5.94	2.37	3.42
Basic Earnings per Share	$1.72	$7.68	$5.16	$4.56	$6.76	$6.60	$9.23	$11.77	$6.85	$17.31	$16.91
Weighted Average Basic Shares Outstanding	23.29M	22.56M	22.50M	22.30M	21.28M	21.22M	-	21.35M	20.22M	20.05M	19.54M
Diluted Earnings per Share	$1.71	$7.63	$5.11	$4.53	$6.73	$6.57	$9.10	$11.62	$6.78	$17.19	$16.79
Weighted Average Diluted Shares Outstanding	23.41M	22.71M	22.50M	22.30M	21.28M	21.22M	-	21.35M	20.22M	20.05M	19.54M
Weighted Average Basic & Diluted Shares Outstanding	23.30M	22.69M	22.50M	22.30M	21.28M	21.22M	-	21.35M	20.22M	20.05M	19.54M
Cash Dividends to Common per Share	$1.50	$0.00	$1.50	$1.50	$1.50	$1.80	$2.00	$2.20	$2.40	$2.40	$2.72

This table shows Valmont Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	-49	36	88	100	83	78	87	-4.02	99	168	108
Consolidated Net Income / (Loss)	-50	34	88	101	83	78	87	-3.29	101	169	108
Net Income / (Loss) Continuing Operations	-50	34	88	101	83	78	87	-3.29	101	169	108
Total Pre-Tax Income	-35	45	118	132	112	106	118	19	132	109	145
Total Operating Income	-24	64	132	147	126	120	128	29	141	117	156
Total Gross Profit	315	283	306	320	302	313	291	321	318	309	317
Total Revenue	1,050	1,016	978	1,040	1,020	1,037	969	1,051	1,046	1,038	1,029
Operating Revenue	1,050	1,016	978	1,040	1,020	1,037	969	1,051	1,046	1,038	1,029
Total Cost of Revenue	735	733	672	719	718	724	678	729	728	729	712
Operating Cost of Revenue	735	733	672	719	718	724	678	729	728	729	712
Total Operating Expenses	339	219	175	173	176	193	163	292	177	193	161
Selling, General & Admin Expense	194	188	175	173	176	193	163	192	177	186	161
Total Other Income / (Expense), net	-10	-18	-13	-15	-13	-14	-10	-10	-9.92	-7.46	-10
Interest Expense	13	15	16	16	14	12	10	11	9.74	10	9.41
Interest & Investment Income	3.19	1.65	1.78	1.50	2.08	1.83	3.39	1.57	1.59	1.64	1.38
Other Income / (Expense), net	-0.18	-4.72	1.33	-0.73	-1.15	-3.82	-3.57	-1.29	-1.77	1.05	-2.45
Income Tax Expense	15	11	30	31	30	27	31	22	30	-60	37
Other Gains / (Losses), net	-0.20	-0.20	-0.02	-0.02	-0.02	-0.02	-0.56	-0.02	-0.02	0.51	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.29	-1.88	0.61	1.43	-0.46	0.78	-0.60	0.73	2.06	1.22	-0.01
Basic Earnings per Share	($2.34)	$1.44	$4.35	$4.94	$4.13	$3.89	$4.35	($1.53)	$5.02	$9.07	$5.55
Weighted Average Basic Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Diluted Earnings per Share	($2.34)	$1.44	$4.32	$4.91	$4.11	$3.85	$4.32	($1.53)	$4.98	$9.02	$5.51
Weighted Average Diluted Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Weighted Average Basic & Diluted Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Cash Dividends to Common per Share	$0.60	-	$0.60	$0.60	$0.60	-	$0.68	$0.68	$0.68	-	$0.77

This table details how cash moves in and out of Valmont Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Change in Cash & Equivalents	-23	65	79	-180	40	47	-223	8.17	18	-39	23
Net Cash From Operating Activities	272	233	133	153	308	316	66	326	307	573	456
Net Cash From Continuing Operating Activities	272	232	133	153	308	316	66	326	307	573	456
Net Income / (Loss) Continuing Operations	45	178	122	108	152	142	198	254	145	351	354
Consolidated Net Income / (Loss)	45	178	122	108	152	142	198	254	145	351	354
Depreciation Expense	91	82	85	83	82	83	93	97	99	95	89
Non-Cash Adjustments To Reconcile Net Income	76	13	7.84	1.79	92	49	20	13	178	31	-41
Changes in Operating Assets and Liabilities, net	60	-42	-82	-39	-19	42	-245	-38	-115	96	56
Net Cash From Investing Activities	-48	-53	-50	-155	-168	-104	-417	-132	-115	-79	-143
Net Cash From Continuing Investing Activities	-48	-53	-50	-155	-168	-104	-417	-132	-115	-79	-143
Purchase of Property, Plant & Equipment	-45	-58	-55	-72	-97	-107	-108	-93	-97	-79	-145
Acquisitions	-13	0.00	-5.36	-143	-82	-16	-313	-39	-33	0.00	0.00
Sale of Property, Plant & Equipment	3.25	5.13	8.19	63	5.56	11	1.75	1.58	1.71	0.64	2.18
Divestitures	-	-	-	-	-	-	0.00	0.00	6.37	3.83	0.00
Other Investing Activities, net	6.83	-0.26	-2.30	-1.92	0.55	-3.03	1.24	-1.09	6.09	-3.90	0.12
Net Cash From Financing Activities	-220	-95	-32	-162	-99	-174	134	-182	-176	-523	-299
Net Cash From Continuing Financing Activities	-220	-95	-32	-162	-99	-174	134	-182	-176	-523	-299
Repayment of Debt	-82	-2.21	-1.47	-265	-13	-130	-120	-354	-169	-427	-158
Repurchase of Common Equity	-183	-56	-26	-118	-76	-71	-26	-40	-345	-70	-198
Payment of Dividends	-38	-37	-40	-41	-40	-43	-41	-47	-50	-49	-53
Issuance of Debt	68	0.00	0.00	262	44	110	318	264	401	45	219
Issuance of Common Equity	13	11	35	7.36	14	19	24	17	5.84	6.63	6.35
Other Financing Activities, net	1.70	-11	0.00	-7.98	-28	-59	-22	-22	-19	-28	-115
Effect of Exchange Rate Changes	-27	-20	-	-15	-0.18	8.68	-	-4.11	-	-	7.94
Cash Interest Paid	-	-	-	-	-	-	-	47	56	58	39
Cash Income Taxes Paid	-	-	-	-	-	-	-	93	104	126	84

This table details how cash moves in and out of Valmont Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	5.66	30	-34	-6.05	37	-36	20	24	18	-39	-27
Net Cash From Operating Activities	81	116	23	131	225	193	65	168	113	111	103
Net Cash From Continuing Operating Activities	81	116	23	131	225	193	65	168	113	111	103
Net Income / (Loss) Continuing Operations	-50	34	88	101	83	78	87	-3.29	101	169	108
Consolidated Net Income / (Loss)	-50	34	88	101	83	78	87	-3.29	101	169	108
Depreciation Expense	25	25	24	23	24	25	22	22	22	23	23
Non-Cash Adjustments To Reconcile Net Income	188	-102	5.33	7.04	17	79	11	88	-80	-60	23
Changes in Operating Assets and Liabilities, net	-81	158	-94	-0.36	102	11	-54	61	70	-21	-50
Net Cash From Investing Activities	-55	-26	-19	-18	-19	-24	-30	-34	-40	-38	-43
Net Cash From Continuing Investing Activities	-55	-26	-19	-18	-19	-24	-30	-34	-40	-38	-43
Purchase of Property, Plant & Equipment	-26	-26	-15	-18	-21	-26	-30	-32	-42	-41	-35
Acquisitions	-32	-0.84	-	-	-	-	0.00	-	-	-	-11
Sale of Property, Plant & Equipment	0.30	0.15	0.14	0.09	0.16	0.26	0.34	0.38	0.84	0.61	0.23
Other Investing Activities, net	2.16	0.22	-3.77	0.37	1.75	-2.25	-0.22	-2.52	1.09	1.76	2.24
Net Cash From Financing Activities	-17	-65	-35	-116	-175	-197	-17	-114	-55	-113	-87
Net Cash From Continuing Financing Activities	-17	-65	-35	-116	-175	-197	-17	-114	-55	-113	-87
Repayment of Debt	-33	-32	-5.33	-107	-140	-175	-64	-70	-2.53	-21	-56
Repurchase of Common Equity	-32	-179	-	-15	-40	-15	0.00	-	-26	-72	-58
Payment of Dividends	-13	-13	-13	-12	-12	-12	-12	-14	-14	-13	-13
Issuance of Debt	60	161	4.03	17	16	7.61	63	70	-	86	50
Issuance of Common Equity	0.15	0.49	1.96	2.37	0.23	2.07	3.11	-	3.25	-	2.23
Other Financing Activities, net	-0.15	-3.19	-23	-1.05	0.22	-4.58	-6.60	-0.34	-16	-92	-13
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	0.10
Cash Interest Paid	-	25	6.24	-	-	22	0.23	19	0.09	19	0.93
Cash Income Taxes Paid	-	15	9.58	-	-	41	11	45	13	16	7.29

This table presents Valmont Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Total Assets	2,392	2,392	2,602	2,530	2,807	2,953	3,447	3,557	3,477	3,330	3,369
Total Current Assets	1,227	1,253	1,473	1,341	1,432	1,555	1,713	1,781	1,788	1,683	1,720
Cash & Equivalents	349	400	493	313	354	401	177	185	203	164	187
Accounts Receivable	466	439	504	484	480	512	572	604	658	654	590
Inventories, net	341	350	421	384	418	449	729	729	658	590	566
Prepaid Expenses	46	57	27	43	32	60	84	88	92	82	71
Current Deferred & Refundable Income Taxes	25	6.60	11	4.58	6.95	9.95	8.82	0.00	-	4.76	38
Other Current Assets	-	-	16	113	141	123	143	175	176	187	267
Plant, Property, & Equipment, net	532	518	519	514	558	598	599	596	617	589	674
Plant, Property & Equipment, gross	1,081	1,106	1,166	1,161	1,245	1,341	1,422	1,433	1,513	1,502	1,641
Accumulated Depreciation	549	587	647	647	687	744	823	838	896	913	967
Total Noncurrent Assets	633	620	611	676	817	801	1,136	1,181	1,072	1,058	976
Goodwill	337	321	338	385	429	430	709	740	633	624	571
Intangible Assets	170	144	139	176	176	167	175	177	151	134	121
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	38	58
Employee Benefit Assets	-	-	-	-	-	-	0.00	24	15	74	69
Other Noncurrent Operating Assets	126	155	134	114	212	203	252	240	273	188	156
Total Liabilities & Shareholders' Equity	2,392	2,392	2,602	2,530	2,807	2,953	3,447	3,557	3,477	3,330	3,369
Total Liabilities	1,427	1,409	1,450	1,395	1,617	1,745	2,034	1,915	2,060	1,736	1,727
Total Current Liabilities	367	350	403	409	514	673	766	804	723	811	732
Short-Term Debt	2.05	1.60	1.13	11	23	38	18	7.04	3.92	2.36	0.51
Accounts Payable	180	177	228	218	198	268	348	360	358	372	360
Accrued Expenses	106	90	81	92	84	90	109	124	147	132	157
Dividends Payable	8.57	8.45	8.51	8.23	8.08	9.56	11	12	12	12	13
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.00	3.66	0.00	23	13
Current Employee Benefit Liabilities	70	72	84	79	84	138	145	124	131	143	128
Other Current Liabilities	-	-	-	-	118	-	136	-	-	0.00	52
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	-	8.92
Total Noncurrent Liabilities	1,061	1,059	1,047	986	1,104	1,072	1,268	1,111	1,337	925	995
Long-Term Debt	757	755	754	742	765	728	947	871	1,108	730	795
Noncurrent Deferred & Payable Income Tax Liabilities	36	36	35	43	59	42	48	41	21	6.34	5.32
Noncurrent Employee Benefit Liabilities	228	254	238	190	185	163	35	30	33	27	30
Other Noncurrent Operating Liabilities	40	15	21	10	95	139	238	169	176	161	165
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	61	63	52	9.50
Total Equity & Noncontrolling Interests	965	983	1,152	1,136	1,190	1,208	1,414	1,581	1,354	1,542	1,633
Total Preferred & Common Equity	918	943	1,113	1,060	1,144	1,182	1,387	1,581	1,354	1,542	1,633
Total Common Equity	918	943	1,113	1,060	1,144	1,182	1,387	1,581	1,354	1,542	1,633
Common Stock	28	28	28	28	28	28	29	28	28	28	28
Retained Earnings	1,730	1,875	1,954	2,028	2,174	2,245	2,394	2,593	2,644	2,941	3,156
Accumulated Other Comprehensive Income / (Loss)	-267	-346	-279	-303	-313	-310	-263	-275	-273	-333	-291
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-1,094	-1,261

This table presents Valmont Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/24/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	3/28/2026
Total Assets	3,622	3,604	3,616	3,486	3,465	3,457	3,497	3,375	3,345	3,368	3,435
Total Current Assets	1,850	1,815	1,802	1,807	1,780	1,784	1,807	1,723	1,744	1,757	1,772
Cash & Equivalents	166	173	167	173	169	163	200	184	209	226	160
Accounts Receivable	614	650	651	674	659	703	714	667	666	615	653
Inventories, net	746	725	730	694	669	633	611	579	581	591	588
Prepaid Expenses	107	107	100	97	91	93	98	94	93	95	95
Current Deferred & Refundable Income Taxes	0.00	-	-	-	-	-	-	-	-	-	25
Other Current Assets	216	160	154	170	191	192	183	198	195	229	250
Plant, Property, & Equipment, net	597	599	603	604	608	604	609	604	622	643	686
Plant, Property & Equipment, gross	1,427	1,448	1,465	1,477	1,517	1,524	1,552	1,535	1,579	1,597	1,640
Accumulated Depreciation	830	850	861	873	909	920	943	931	957	954	954
Total Noncurrent Assets	1,175	1,190	1,211	1,075	1,077	1,069	1,081	1,048	980	968	977
Goodwill	729	742	744	635	630	630	636	628	572	570	587
Intangible Assets	183	172	166	140	146	143	142	133	127	123	120
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	47
Employee Benefit Assets	-	42	43	43	33	34	38	50	53	53	67
Other Noncurrent Operating Assets	263	234	258	257	268	262	265	238	229	221	157
Total Liabilities & Shareholders' Equity	3,622	3,604	3,616	3,486	3,465	3,457	3,497	3,375	3,345	3,368	3,435
Total Liabilities	2,049	2,006	1,946	1,927	2,011	1,939	1,909	1,684	1,732	1,701	1,747
Total Current Liabilities	868	781	749	725	675	705	770	761	810	779	746
Short-Term Debt	7.04	13	2.71	4.58	2.65	2.45	1.84	0.72	0.62	0.57	0.00
Accounts Payable	377	369	346	356	327	354	354	349	385	377	374
Accrued Expenses	136	131	131	146	149	140	155	141	145	157	173
Dividends Payable	12	13	13	13	12	12	12	14	13	13	15
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	-	77
Current Deferred & Payable Income Tax Liabilities	11	20	23	2.06	10	20	28	33	26	36	13
Current Employee Benefit Liabilities	126	80	109	115	89	108	119	82	107	113	94
Other Current Liabilities	200	156	124	89	84	69	100	141	132	81	0.00
Total Noncurrent Liabilities	1,181	1,225	1,196	1,203	1,336	1,234	1,139	923	923	922	1,001
Long-Term Debt	935	986	953	977	1,108	1,018	898	730	730	730	790
Noncurrent Deferred & Payable Income Tax Liabilities	49	45	38	21	27	19	8.01	6.91	4.82	7.10	12
Noncurrent Employee Benefit Liabilities	29	34	35	31	33	33	33	32	35	35	27
Other Noncurrent Operating Liabilities	168	160	170	174	169	166	199	153	153	150	171
Redeemable Noncontrolling Interest	-	-	-	-	45	46	46	57	84	71	9.30
Total Equity & Noncontrolling Interests	1,573	1,598	1,670	1,559	1,409	1,471	1,542	1,635	1,529	1,596	1,679
Total Preferred & Common Equity	1,513	1,540	1,612	1,502	1,409	1,471	1,542	1,635	1,529	1,596	1,679
Total Common Equity	1,513	1,540	1,612	1,502	1,409	1,471	1,542	1,635	1,529	1,596	1,679
Common Stock	41	28	28	28	34	33	38	28	28	28	28
Retained Earnings	2,570	2,636	2,710	2,657	2,719	2,807	2,878	2,999	2,956	3,044	3,244
Accumulated Other Comprehensive Income / (Loss)	-328	-266	-256	-282	-295	-314	-282	-310	-279	-279	-284
Other Equity Adjustments	-	-	-870	-902	-	-1,055	-1,092	-1,082	-1,177	-1,197	-1,309

This table displays calculated financial ratios and metrics derived from Valmont Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.14%	-3.71%	8.89%	0.41%	0.36%	-17.31%	20.94%	24.09%	-3.93%	-2.39%	0.71%
EBITDA Growth	-49.10%	52.64%	1.54%	-16.62%	10.74%	-0.15%	25.73%	29.18%	-23.85%	59.59%	-19.02%
EBIT Growth	-62.01%	94.86%	1.05%	-21.15%	10.33%	-0.47%	30.81%	36.66%	-29.89%	81.24%	-21.19%
NOPAT Growth	-72.91%	207.65%	-27.98%	4.24%	16.36%	-3.26%	30.55%	38.70%	-40.62%	117.55%	-0.82%
Net Income Growth	-76.05%	293.51%	-31.43%	-11.93%	41.20%	-28.11%	39.10%	28.59%	-43.00%	141.96%	0.87%
EPS Growth	-75.88%	346.20%	-33.03%	-11.35%	48.57%	-27.80%	38.51%	27.69%	-41.65%	153.54%	-2.33%
Operating Cash Flow Growth	56.39%	-14.49%	-42.81%	14.92%	-56.91%	379.68%	-79.15%	394.81%	-5.97%	86.68%	-20.29%
Free Cash Flow Firm Growth	10,255.15%	-33.03%	-71.05%	-118.02%	-3,616.85%	136.87%	30.55%	-22.31%	10.75%	195.44%	-46.34%
Invested Capital Growth	-17.13%	-2.62%	5.57%	11.34%	39.69%	0.00%	0.00%	6.04%	-0.34%	-7.03%	4.16%
Revenue Q/Q Growth	-4.71%	1.64%	1.49%	-0.63%	-0.49%	-17.63%	4.94%	4.03%	-2.70%	0.54%	0.02%
EBITDA Q/Q Growth	-27.88%	34.83%	-3.72%	-4.63%	5.14%	-17.27%	0.21%	4.89%	-5.20%	10.94%	-0.07%
EBIT Q/Q Growth	-38.07%	50.66%	-4.95%	-6.08%	1.96%	-22.01%	-0.86%	6.25%	-7.08%	13.26%	0.35%
NOPAT Q/Q Growth	-54.60%	97.40%	-33.28%	38.80%	3.84%	-20.70%	-3.87%	13.30%	-9.14%	11.66%	31.94%
Net Income Q/Q Growth	-60.96%	128.79%	-37.34%	33.79%	6.01%	-23.38%	-4.18%	5.56%	-4.69%	14.48%	34.53%
EPS Q/Q Growth	-63.62%	134.05%	-38.95%	41.12%	5.82%	-25.17%	-4.61%	5.54%	-5.70%	16.31%	44.49%
Operating Cash Flow Q/Q Growth	-0.71%	7.44%	-41.45%	92.79%	-79.66%	-7.36%	-37.25%	73.70%	-7.99%	15.65%	-15.26%
Free Cash Flow Firm Q/Q Growth	11.08%	11.33%	-67.66%	78.31%	-389.57%	-34.48%	168.13%	1,722.09%	5.60%	28.70%	-26.98%
Invested Capital Q/Q Growth	-9.50%	-5.02%	-0.03%	-0.19%	38.56%	42.54%	5.27%	-0.61%	-1.79%	-5.47%	3.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.71%	26.02%	24.83%	24.23%	24.67%	26.44%	25.24%	25.92%	29.61%	30.46%	30.21%
EBITDA Margin	8.61%	13.65%	12.73%	10.57%	11.66%	10.77%	11.20%	11.66%	9.24%	15.11%	12.15%
Operating Margin	5.03%	9.73%	9.73%	7.70%	8.24%	7.80%	8.19%	9.97%	6.98%	12.87%	10.13%
EBIT Margin	5.13%	10.38%	9.63%	7.56%	8.32%	7.91%	8.56%	9.42%	6.88%	12.77%	9.99%
Profit (Net Income) Margin	1.73%	7.07%	4.45%	3.91%	5.50%	4.91%	5.65%	5.85%	3.47%	8.60%	8.62%
Tax Burden Percent	48.74%	80.92%	53.54%	70.26%	76.11%	73.74%	76.02%	69.87%	61.29%	74.81%	93.66%
Interest Burden Percent	69.24%	84.22%	86.37%	73.52%	86.85%	84.17%	86.82%	88.88%	82.38%	90.09%	92.11%
Effective Tax Rate	50.99%	19.08%	46.46%	29.74%	23.89%	25.74%	23.61%	29.87%	38.11%	25.17%	6.32%
Return on Invested Capital (ROIC)	4.23%	14.54%	10.32%	9.92%	9.14%	7.58%	9.90%	13.33%	7.70%	17.40%	17.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.36%	9.39%	3.82%	-1.58%	5.71%	4.37%	7.23%	6.73%	3.33%	11.82%	11.62%
Return on Net Nonoperating Assets (RNNOA)	-0.14%	3.78%	1.14%	-0.50%	2.80%	2.47%	4.09%	3.31%	1.77%	5.89%	4.31%
Return on Equity (ROE)	4.09%	18.32%	11.46%	9.42%	11.93%	10.06%	13.99%	16.64%	9.48%	23.29%	21.86%
Cash Return on Invested Capital (CROIC)	22.96%	17.19%	4.91%	-0.81%	-23.98%	7.58%	9.90%	7.47%	8.05%	24.69%	13.47%
Operating Return on Assets (OROA)	5.25%	10.94%	10.59%	8.13%	7.70%	6.64%	8.69%	11.69%	8.16%	15.28%	12.24%
Return on Assets (ROA)	1.77%	7.46%	4.90%	4.20%	5.09%	4.12%	5.74%	7.26%	4.12%	10.30%	10.56%
Return on Common Equity (ROCE)	3.92%	17.51%	11.04%	8.95%	11.45%	9.87%	13.72%	16.17%	9.09%	22.41%	21.45%
Return on Equity Simple (ROE_SIMPLE)	4.94%	18.91%	10.99%	10.17%	10.97%	10.25%	14.26%	16.08%	10.70%	22.74%	0.00%
Net Operating Profit after Tax (NOPAT)	65	199	143	149	173	168	219	304	180	393	389
NOPAT Margin	2.46%	7.87%	5.21%	5.41%	6.27%	5.80%	6.26%	6.99%	4.32%	9.63%	9.49%
Net Nonoperating Expense Percent (NNEP)	4.59%	5.15%	6.51%	11.50%	3.42%	3.21%	2.67%	6.60%	4.37%	5.58%	5.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.36%	7.32%	17.26%	16.03%
Cost of Revenue to Revenue	76.29%	73.98%	75.17%	75.77%	75.33%	73.56%	74.76%	74.08%	70.39%	69.54%	69.79%
SG&A Expenses to Revenue	17.08%	16.29%	15.10%	15.97%	16.44%	18.06%	16.87%	15.95%	18.41%	17.59%	17.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.68%	16.29%	15.10%	16.54%	16.44%	18.64%	17.05%	15.95%	22.62%	17.59%	20.09%
Earnings before Interest and Taxes (EBIT)	134	262	265	209	230	229	300	409	287	520	410
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	225	344	349	291	323	312	392	507	386	616	499
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.49	3.11	3.14	2.14	2.22	2.56	3.66	4.38	3.57	3.98	4.97
Price to Tangible Book Value (P/TBV)	5.55	6.13	5.50	4.55	6.13	7.05	10.10	10.43	8.47	7.83	8.63
Price to Revenue (P/Rev)	0.87	1.16	1.27	0.82	1.11	1.22	1.45	1.59	1.16	1.51	1.98
Price to Earnings (P/E)	56.92	16.93	30.11	22.29	21.06	25.20	25.97	27.62	32.05	17.64	23.18
Dividend Yield	1.51%	1.15%	0.97%	1.46%	1.05%	1.08%	0.84%	0.68%	1.04%	0.78%	0.66%
Earnings Yield	1.76%	5.91%	3.32%	4.49%	4.75%	3.97%	3.85%	3.62%	3.12%	5.67%	4.31%
Enterprise Value to Invested Capital (EV/IC)	1.98	2.47	2.67	1.76	1.76	1.97	2.66	3.27	2.48	3.11	3.86
Enterprise Value to Revenue (EV/Rev)	1.05	1.32	1.38	1.01	1.41	1.51	1.68	1.77	1.39	1.66	2.13
Enterprise Value to EBITDA (EV/EBITDA)	12.15	9.67	10.88	9.55	12.08	13.98	15.03	15.17	15.05	10.98	17.53
Enterprise Value to EBIT (EV/EBIT)	20.40	12.71	14.37	13.35	16.94	19.04	19.68	18.77	20.23	13.00	21.31
Enterprise Value to NOPAT (EV/NOPAT)	42.46	16.76	26.58	18.68	22.48	25.99	26.91	25.28	32.18	17.22	22.45
Enterprise Value to Operating Cash Flow (EV/OCF)	10.06	14.29	28.55	18.19	59.12	13.79	89.41	23.55	18.93	11.81	19.14
Enterprise Value to Free Cash Flow (EV/FCFF)	7.82	14.17	55.93	0.00	0.00	25.99	26.91	45.14	30.80	12.14	29.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	0.77	0.66	0.66	0.68	0.68	0.68	0.53	0.78	0.46	0.48
Long-Term Debt to Equity	0.78	0.77	0.65	0.65	0.67	0.67	0.67	0.53	0.78	0.46	0.48
Financial Leverage	0.38	0.40	0.30	0.31	0.49	0.57	0.57	0.49	0.53	0.50	0.37
Leverage Ratio	2.31	2.46	2.34	2.24	2.34	2.44	2.44	2.29	2.30	2.26	2.07
Compound Leverage Factor	1.60	2.07	2.02	1.65	2.04	2.05	2.12	2.04	1.89	2.04	1.91
Debt to Total Capital	44.02%	43.50%	39.60%	39.88%	40.58%	40.58%	40.58%	34.84%	43.96%	31.48%	32.64%
Short-Term Debt to Total Capital	0.12%	0.09%	0.06%	0.61%	0.77%	0.77%	0.77%	0.28%	0.16%	0.10%	0.02%
Long-Term Debt to Total Capital	43.90%	43.40%	39.54%	39.27%	39.81%	39.81%	39.81%	34.57%	43.81%	31.38%	32.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.71%	2.25%	2.04%	4.01%	1.12%	1.12%	1.12%	2.42%	2.48%	2.22%	0.39%
Common Equity to Total Capital	53.27%	54.26%	58.36%	56.11%	58.30%	58.30%	58.30%	62.74%	53.55%	66.30%	66.97%
Debt to EBITDA	3.37	2.20	2.16	2.59	2.99	3.10	2.46	1.73	2.88	1.19	1.60
Net Debt to EBITDA	1.82	1.04	0.75	1.51	2.44	2.53	2.01	1.37	2.36	0.92	1.22
Long-Term Debt to EBITDA	3.36	2.19	2.16	2.55	2.94	3.04	2.42	1.72	2.87	1.19	1.60
Debt to NOPAT	11.76	3.81	5.28	5.05	5.57	5.75	4.41	2.89	6.16	1.87	2.04
Net Debt to NOPAT	6.35	1.80	1.83	2.95	4.54	4.70	3.60	2.28	5.04	1.45	1.56
Long-Term Debt to NOPAT	11.73	3.80	5.27	4.98	5.46	5.64	4.32	2.87	6.14	1.86	2.04
Altman Z-Score	3.68	4.21	4.38	3.90	3.23	3.41	4.10	5.12	4.31	5.41	6.10
Noncontrolling Interest Sharing Ratio	4.30%	4.41%	3.66%	5.02%	4.02%	1.89%	1.89%	2.87%	4.04%	3.80%	1.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.35	3.58	3.65	3.28	2.24	2.24	2.24	2.21	2.47	2.07	2.35
Quick Ratio	2.22	2.40	2.47	1.95	0.98	0.98	0.98	0.98	1.19	1.01	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	351	235	68	-12	-455	168	219	170	188	557	299
Operating Cash Flow to CapEx	644.89%	441.00%	282.81%	1,722.68%	62.18%	330.02%	62.18%	355.77%	322.71%	726.68%	319.53%
Free Cash Flow to Firm to Interest Expense	7.86	5.29	1.52	-0.21	-11.33	4.09	5.14	3.58	3.32	9.48	7.37
Operating Cash Flow to Interest Expense	6.10	5.24	2.98	2.59	1.64	7.70	1.55	6.86	5.40	9.75	11.26
Operating Cash Flow Less CapEx to Interest Expense	5.16	4.05	1.93	2.44	-1.00	5.37	-0.94	4.93	3.73	8.41	7.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.05	1.10	1.07	0.93	0.84	1.02	1.24	1.19	1.20	1.23
Accounts Receivable Turnover	5.22	5.57	5.82	5.58	5.24	5.07	6.13	7.39	6.62	6.21	6.60
Inventory Turnover	5.71	5.40	5.35	5.19	3.75	2.92	3.59	4.42	4.24	4.54	4.95
Fixed Asset Turnover	4.60	4.80	5.29	5.34	4.97	4.84	5.85	7.28	6.88	6.76	6.50
Accounts Payable Turnover	10.61	10.44	10.18	9.37	7.37	6.12	7.53	9.09	8.18	7.76	7.83
Days Sales Outstanding (DSO)	69.92	65.55	62.67	65.37	69.62	72.06	59.58	49.38	55.18	58.77	55.34
Days Inventory Outstanding (DIO)	63.96	67.57	68.16	70.29	97.40	124.90	101.63	82.64	86.15	80.42	73.70
Days Payable Outstanding (DPO)	34.40	34.97	35.84	38.97	49.55	59.61	48.50	40.15	44.63	47.05	46.63
Cash Conversion Cycle (CCC)	99.48	98.15	95.00	96.69	117.47	137.35	112.71	91.87	96.70	92.14	82.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,384	1,347	1,423	1,584	2,212	2,212	2,212	2,346	2,338	2,174	2,264
Invested Capital Turnover	1.72	1.85	1.98	1.83	1.46	1.31	1.58	1.91	1.78	1.81	1.85
Increase / (Decrease) in Invested Capital	-286	-36	75	161	629	0.00	0.00	134	-8.06	-164	90
Enterprise Value (EV)	2,740	3,328	3,801	2,784	3,898	4,360	5,896	7,683	5,806	6,761	8,738
Market Capitalization	2,284	2,932	3,500	2,268	3,083	3,545	5,081	6,929	4,835	6,142	8,120
Book Value per Share	$39.86	$41.91	$49.22	$47.98	$64.43	$65.25	$65.34	$74.10	$64.83	$76.97	$82.88
Tangible Book Value per Share	$17.85	$21.23	$28.15	$22.57	$23.36	$23.66	$23.70	$31.14	$27.32	$39.14	$47.74
Total Capital	1,724	1,739	1,907	1,889	2,379	2,379	2,379	2,520	2,529	2,326	2,438
Total Debt	759	756	755	753	965	965	965	878	1,112	732	796
Total Long-Term Debt	757	755	754	742	947	947	947	871	1,108	730	795
Net Debt	410	356	262	440	788	788	788	693	909	568	609
Capital Expenditures (CapEx)	42	53	47	8.88	106	96	106	92	95	79	143
Debt-free, Cash-free Net Working Capital (DFCFNWC)	513	505	578	630	788	788	788	798	865	710	801
Debt-free Net Working Capital (DFNWC)	862	905	1,071	943	965	965	965	984	1,068	874	989
Net Working Capital (NWC)	860	903	1,070	932	947	947	947	977	1,065	872	988
Net Nonoperating Expense (NNE)	19	20	21	41	21	26	21	50	36	42	36
Net Nonoperating Obligations (NNO)	418	365	271	448	799	799	799	704	921	580	622
Total Depreciation and Amortization (D&A)	91	82	85	83	93	83	93	97	99	95	89
Debt-free, Cash-free Net Working Capital to Revenue	19.60%	20.03%	21.05%	22.84%	28.48%	27.22%	22.50%	18.37%	20.73%	17.42%	19.53%
Debt-free Net Working Capital to Revenue	32.93%	35.89%	38.99%	34.20%	34.88%	33.34%	27.57%	22.64%	25.59%	21.46%	24.09%
Net Working Capital to Revenue	32.85%	35.82%	38.95%	33.79%	34.22%	32.70%	27.04%	22.47%	25.50%	21.40%	24.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	$7.68	$5.16	$4.23	$0.00	$0.00	$0.00	$11.77	$6.85	$17.31	$16.91
Adjusted Weighted Average Basic Shares Outstanding	23.29M	22.56M	22.52M	22.31M	0.00	0.00	0.00	21.35M	20.22M	20.05M	19.54M
Adjusted Diluted Earnings per Share	$1.71	$7.63	$5.11	$4.20	$0.00	$0.00	$0.00	$11.62	$6.78	$17.19	$16.79
Adjusted Weighted Average Diluted Shares Outstanding	23.41M	22.71M	22.74M	22.45M	0.00	0.00	0.00	21.35M	20.22M	20.05M	19.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$4.23	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.79M	22.52M	22.69M	21.94M	0.00	0.00	0.00	21.35M	20.22M	20.05M	19.54M
Normalized Net Operating Profit after Tax (NOPAT)	122	199	143	160	173	180	224	304	289	393	489
Normalized NOPAT Margin	4.64%	7.87%	5.21%	5.81%	6.27%	6.22%	6.40%	6.99%	6.93%	9.63%	11.92%
Pre Tax Income Margin	3.55%	8.74%	8.32%	5.56%	7.22%	6.66%	7.43%	8.37%	5.66%	11.50%	9.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	5.89	5.92	3.53	5.73	5.58	7.03	8.61	5.05	8.86	10.11
NOPAT to Interest Expense	1.45	4.47	3.20	2.52	4.32	4.09	5.14	6.39	3.18	6.68	9.60
EBIT Less CapEx to Interest Expense	2.06	4.71	4.87	3.38	3.09	3.24	4.54	6.68	3.38	7.52	6.59
NOPAT Less CapEx to Interest Expense	0.50	3.28	2.15	2.37	1.68	1.75	2.65	4.46	1.50	5.34	6.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	83.80%	20.74%	32.32%	37.86%	27.23%	29.95%	20.94%	18.30%	34.63%	13.98%	15.04%
Augmented Payout Ratio	487.12%	52.19%	53.71%	147.76%	58.55%	79.88%	34.14%	34.22%	272.89%	33.97%	71.04%

This table displays calculated financial ratios and metrics derived from Valmont Industries' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	19,535,262.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	19,535,262.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	5.53
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.29%	-10.25%	-7.97%	-0.63%	-2.87%	2.14%	-0.87%	1.04%	2.53%	0.09%	6.18%
EBITDA Growth	-99.65%	-17.50%	10.27%	6.30%	31,053.67%	68.09%	-6.49%	-70.37%	8.57%	-0.26%	20.18%
EBIT Growth	-121.60%	-23.93%	13.30%	8.35%	611.26%	97.47%	-6.12%	-80.91%	12.12%	1.21%	22.79%
NOPAT Growth	-121.27%	-26.01%	19.02%	14.51%	646.10%	84.71%	-3.48%	-104.47%	17.59%	102.30%	22.15%
Net Income Growth	-168.99%	-17.29%	22.23%	13.91%	264.19%	130.12%	-2.00%	-103.25%	22.37%	115.75%	24.65%
EPS Growth	-170.06%	-22.16%	24.50%	16.63%	275.64%	167.36%	0.00%	-131.16%	21.17%	134.29%	27.55%
Operating Cash Flow Growth	-29.72%	-18.68%	10.06%	48.07%	176.83%	66.87%	179.14%	28.13%	-50.03%	-42.49%	58.87%
Free Cash Flow Firm Growth	79.34%	182.24%	105.40%	388.41%	568.95%	350.21%	97.08%	18.06%	28.43%	-64.58%	-86.41%
Invested Capital Growth	0.85%	-0.34%	-1.18%	-3.43%	-3.41%	-7.03%	-6.46%	-9.98%	-4.97%	4.16%	3.63%
Revenue Q/Q Growth	0.38%	-3.31%	-3.71%	6.33%	-1.88%	1.68%	-6.55%	8.38%	-0.43%	-0.74%	-0.87%
EBITDA Q/Q Growth	-99.70%	17,488.89%	95.54%	8.41%	-12.37%	-5.10%	3.71%	-65.65%	221.08%	-12.82%	24.97%
EBIT Q/Q Growth	-118.01%	341.41%	141.95%	10.31%	-15.01%	-6.76%	7.38%	-77.57%	399.15%	-15.83%	30.27%
NOPAT Q/Q Growth	-117.21%	384.87%	103.67%	14.71%	-17.95%	-3.65%	6.43%	-105.31%	2,259.25%	65.76%	-35.74%
Net Income Q/Q Growth	-156.66%	167.74%	159.44%	14.39%	-18.33%	-5.05%	10.49%	-103.80%	3,171.77%	67.40%	-36.17%
EPS Q/Q Growth	-155.58%	161.54%	200.00%	13.66%	-16.29%	-6.33%	12.21%	-135.42%	425.49%	81.12%	-38.91%
Operating Cash Flow Q/Q Growth	-7.95%	42.53%	-79.87%	460.65%	72.10%	-14.08%	-66.33%	157.35%	-32.88%	-1.12%	-6.98%
Free Cash Flow Firm Q/Q Growth	-191.58%	252.07%	125.75%	55.35%	-12.07%	45.99%	-1.18%	-6.94%	-4.34%	-59.73%	-62.08%
Invested Capital Q/Q Growth	-3.68%	-1.79%	2.97%	-0.86%	-3.66%	-5.47%	3.60%	-4.59%	1.70%	3.61%	3.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.00%	27.86%	31.32%	30.80%	29.57%	30.18%	30.03%	30.57%	30.43%	29.80%	30.79%
EBITDA Margin	0.05%	8.26%	16.00%	16.31%	14.57%	13.60%	15.09%	4.78%	15.42%	13.55%	17.08%
Operating Margin	-2.30%	6.26%	13.45%	14.17%	12.32%	11.57%	13.24%	2.79%	13.52%	11.22%	15.12%
EBIT Margin	-2.32%	5.79%	13.59%	14.10%	12.21%	11.20%	12.87%	2.66%	13.35%	11.32%	14.88%
Profit (Net Income) Margin	-4.79%	3.36%	9.04%	9.73%	8.10%	7.56%	8.94%	-0.31%	9.66%	16.30%	10.50%
Tax Burden Percent	145.19%	75.46%	74.66%	76.49%	73.53%	74.24%	73.43%	-17.31%	76.85%	155.15%	74.43%
Interest Burden Percent	142.21%	76.78%	89.13%	90.21%	90.18%	90.95%	94.61%	67.93%	94.17%	92.76%	94.76%
Effective Tax Rate	0.00%	24.09%	25.32%	23.49%	26.46%	25.74%	26.10%	117.20%	23.13%	-54.68%	25.57%
Return on Invested Capital (ROIC)	-2.92%	8.47%	16.97%	18.22%	15.70%	15.52%	17.08%	-0.86%	19.02%	32.11%	20.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.07%	6.73%	15.87%	16.84%	14.41%	14.10%	16.00%	-0.61%	17.78%	30.28%	19.14%
Return on Net Nonoperating Assets (RNNOA)	-3.63%	3.57%	9.31%	8.82%	7.02%	7.03%	7.69%	-0.28%	6.72%	11.24%	6.82%
Return on Equity (ROE)	-6.55%	12.04%	26.28%	27.04%	22.73%	22.54%	24.77%	-1.14%	25.74%	43.36%	27.26%
Cash Return on Invested Capital (CROIC)	7.53%	8.05%	9.33%	12.21%	18.49%	24.69%	23.38%	22.78%	18.25%	13.47%	14.31%
Operating Return on Assets (OROA)	-2.80%	6.88%	15.72%	16.28%	14.18%	13.41%	15.30%	3.19%	15.96%	13.88%	18.20%
Return on Assets (ROA)	-5.78%	3.98%	10.46%	11.23%	9.40%	9.05%	10.63%	-0.38%	11.55%	19.97%	12.83%
Return on Common Equity (ROCE)	-6.31%	11.55%	25.39%	26.16%	21.98%	21.69%	23.97%	-1.09%	24.81%	42.54%	26.73%
Return on Equity Simple (ROE_SIMPLE)	10.12%	0.00%	11.42%	11.78%	19.87%	0.00%	21.34%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	48	98	113	92	89	95	-5.04	109	180	116
NOPAT Margin	-1.61%	4.75%	10.05%	10.84%	9.06%	8.59%	9.78%	-0.48%	10.40%	17.36%	11.25%
Net Nonoperating Expense Percent (NNEP)	4.15%	1.74%	1.10%	1.38%	1.29%	1.42%	1.08%	-0.25%	1.24%	1.83%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	1.96%	-	-	-	3.92%	4.01%	-0.22%	4.67%	7.42%	4.69%
Cost of Revenue to Revenue	70.00%	72.14%	68.68%	69.20%	70.43%	69.82%	69.97%	69.43%	69.57%	70.20%	69.21%
SG&A Expenses to Revenue	18.50%	18.55%	17.86%	16.64%	17.25%	18.61%	16.79%	18.24%	16.90%	17.95%	15.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.31%	21.60%	17.86%	16.64%	17.25%	18.61%	16.79%	27.78%	16.90%	18.58%	15.67%
Earnings before Interest and Taxes (EBIT)	-24	59	133	147	125	116	125	28	140	118	153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.48	84	156	170	149	141	146	50	161	141	176
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.33	3.57	3.38	3.77	3.78	3.98	3.55	4.38	4.76	4.97	4.56
Price to Tangible Book Value (P/TBV)	6.88	8.47	7.51	7.93	7.64	7.83	6.64	8.07	8.42	8.63	7.87
Price to Revenue (P/Rev)	1.17	1.16	1.16	1.36	1.44	1.51	1.43	1.64	1.85	1.98	1.84
Price to Earnings (P/E)	32.21	32.05	28.99	31.76	19.01	17.64	16.69	27.47	29.23	23.18	20.64
Dividend Yield	0.99%	1.04%	1.05%	0.87%	0.83%	0.78%	0.86%	0.77%	0.69%	0.66%	0.72%
Earnings Yield	3.10%	3.12%	3.45%	3.15%	5.26%	5.67%	5.99%	3.64%	3.42%	4.31%	4.84%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.48	2.39	2.70	2.86	3.11	2.85	3.40	3.74	3.86	3.56
Enterprise Value to Revenue (EV/Rev)	1.37	1.39	1.40	1.58	1.62	1.66	1.58	1.79	1.99	2.13	1.99
Enterprise Value to EBITDA (EV/EBITDA)	14.42	15.05	14.48	15.84	11.85	10.98	10.58	15.03	16.38	17.53	15.72
Enterprise Value to EBIT (EV/EBIT)	18.99	20.23	19.21	20.77	14.31	13.00	12.51	18.57	20.00	21.31	18.93
Enterprise Value to NOPAT (EV/NOPAT)	29.54	32.18	29.16	30.44	18.70	17.22	16.47	26.25	27.70	22.45	20.25
Enterprise Value to Operating Cash Flow (EV/OCF)	17.59	18.93	18.60	18.34	13.28	11.81	10.43	11.22	15.17	19.14	16.77
Enterprise Value to Free Cash Flow (EV/FCFF)	32.86	30.80	25.43	21.74	15.20	12.14	11.76	14.15	19.97	29.24	25.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.78	0.76	0.67	0.57	0.46	0.43	0.45	0.44	0.48	0.47
Long-Term Debt to Equity	0.63	0.78	0.76	0.67	0.57	0.46	0.43	0.45	0.44	0.48	0.47
Financial Leverage	0.51	0.53	0.59	0.52	0.49	0.50	0.48	0.45	0.38	0.37	0.36
Leverage Ratio	2.27	2.30	2.32	2.22	2.22	2.26	2.17	2.17	2.11	2.07	2.01
Compound Leverage Factor	3.23	1.77	2.06	2.00	2.00	2.06	2.06	1.48	1.99	1.92	1.91
Debt to Total Capital	38.65%	43.96%	43.29%	40.19%	36.18%	31.48%	30.16%	31.18%	30.47%	32.64%	31.88%
Short-Term Debt to Total Capital	0.18%	0.16%	0.10%	0.10%	0.07%	0.10%	0.03%	0.03%	0.02%	0.02%	0.00%
Long-Term Debt to Total Capital	38.47%	43.81%	43.19%	40.10%	36.10%	31.38%	30.13%	31.15%	30.45%	32.62%	31.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.24%	2.48%	1.75%	1.82%	1.85%	2.22%	2.35%	3.59%	2.98%	0.39%	0.38%
Common Equity to Total Capital	59.11%	53.55%	54.95%	57.98%	61.97%	66.30%	67.49%	65.24%	66.55%	66.97%	67.74%
Debt to EBITDA	2.41	2.88	2.80	2.51	1.62	1.19	1.21	1.50	1.46	1.60	1.50
Net Debt to EBITDA	1.99	2.36	2.37	2.11	1.26	0.92	0.90	1.07	1.01	1.22	1.19
Long-Term Debt to EBITDA	2.40	2.87	2.79	2.50	1.62	1.19	1.21	1.50	1.46	1.60	1.50
Debt to NOPAT	4.94	6.16	5.64	4.82	2.56	1.87	1.88	2.62	2.48	2.04	1.93
Net Debt to NOPAT	4.08	5.04	4.78	4.05	1.99	1.45	1.40	1.88	1.71	1.56	1.54
Long-Term Debt to NOPAT	4.92	6.14	5.62	4.81	2.56	1.86	1.88	2.62	2.47	2.04	1.93
Altman Z-Score	4.20	4.10	4.21	4.55	4.62	5.01	4.98	5.14	5.65	5.82	5.67
Noncontrolling Interest Sharing Ratio	3.74%	4.04%	3.38%	3.27%	3.28%	3.80%	3.24%	4.16%	3.61%	1.89%	1.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.49	2.47	2.64	2.53	2.35	2.07	2.26	2.15	2.26	2.35	2.38
Quick Ratio	1.17	1.19	1.23	1.23	1.19	1.01	1.12	1.08	1.08	1.06	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	56	127	197	174	253	250	233	223	90	34
Operating Cash Flow to CapEx	318.46%	456.45%	156.91%	717.48%	1,106.35%	762.73%	217.27%	530.31%	273.83%	276.78%	301.29%
Free Cash Flow to Firm to Interest Expense	-2.75	3.68	7.83	12.46	12.13	20.54	24.76	22.11	22.90	8.85	3.62
Operating Cash Flow to Interest Expense	6.04	7.57	1.44	8.26	15.73	15.67	6.44	15.90	11.55	10.96	10.99
Operating Cash Flow Less CapEx to Interest Expense	4.14	5.91	0.52	7.10	14.31	13.62	3.48	12.90	7.33	7.00	7.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.21	1.19	1.16	1.15	1.16	1.20	1.19	1.20	1.20	1.23	1.22
Accounts Receivable Turnover	6.66	6.62	6.25	6.03	5.84	6.21	6.13	5.96	6.18	6.60	6.31
Inventory Turnover	4.22	4.24	4.10	4.20	4.36	4.54	4.55	4.69	4.76	4.95	4.97
Fixed Asset Turnover	7.15	6.88	6.78	6.76	6.68	6.76	6.71	6.65	6.56	6.50	6.46
Accounts Payable Turnover	8.30	8.18	8.21	8.17	8.01	7.76	8.40	7.71	7.82	7.83	8.02
Days Sales Outstanding (DSO)	54.80	55.18	58.41	60.53	62.50	58.77	59.52	61.28	59.10	55.34	57.85
Days Inventory Outstanding (DIO)	86.48	86.15	89.08	87.01	83.80	80.42	80.19	77.77	76.76	73.70	73.48
Days Payable Outstanding (DPO)	43.99	44.63	44.47	44.67	45.58	47.05	43.46	47.32	46.66	46.63	45.54
Cash Conversion Cycle (CCC)	97.29	96.70	103.02	102.87	100.72	92.14	96.25	91.73	89.20	82.41	85.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,381	2,338	2,407	2,387	2,299	2,174	2,252	2,149	2,185	2,264	2,334
Invested Capital Turnover	1.81	1.78	1.69	1.68	1.73	1.81	1.75	1.80	1.83	1.85	1.82
Increase / (Decrease) in Invested Capital	20	-8.06	-29	-85	-81	-164	-156	-238	-114	90	82
Enterprise Value (EV)	5,866	5,806	5,745	6,445	6,575	6,761	6,408	7,307	8,173	8,738	8,298
Market Capitalization	4,999	4,835	4,758	5,542	5,829	6,142	5,804	6,701	7,597	8,120	7,659
Book Value per Share	$71.47	$64.83	$69.80	$72.88	$76.45	$76.97	$81.56	$76.18	$80.84	$82.88	$85.96
Tangible Book Value per Share	$34.57	$27.32	$31.38	$34.60	$37.86	$39.14	$43.61	$41.38	$45.72	$47.74	$49.80
Total Capital	2,541	2,529	2,565	2,538	2,488	2,326	2,423	2,344	2,398	2,438	2,479
Total Debt	982	1,112	1,110	1,020	900	732	731	731	731	796	790
Total Long-Term Debt	977	1,108	1,108	1,018	898	730	730	730	730	795	790
Net Debt	809	909	941	857	700	568	546	522	505	609	630
Capital Expenditures (CapEx)	26	25	15	18	20	25	30	32	41	40	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	915	865	938	918	838	710	778	726	753	801	866
Debt-free Net Working Capital (DFNWC)	1,087	1,068	1,107	1,081	1,039	874	963	935	979	989	1,026
Net Working Capital (NWC)	1,083	1,065	1,105	1,079	1,037	872	962	934	978	988	1,026
Net Nonoperating Expense (NNE)	33	14	9.82	12	9.86	11	8.17	-1.74	7.65	11	7.81
Net Nonoperating Obligations (NNO)	822	921	953	869	712	580	560	536	518	622	645
Total Depreciation and Amortization (D&A)	25	25	24	23	24	25	22	22	22	23	23
Debt-free, Cash-free Net Working Capital to Revenue	21.32%	20.73%	22.94%	22.49%	20.69%	17.42%	19.14%	17.81%	18.35%	19.53%	20.80%
Debt-free Net Working Capital to Revenue	25.34%	25.59%	27.08%	26.48%	25.63%	21.46%	23.67%	22.93%	23.86%	24.09%	24.64%
Net Working Capital to Revenue	25.24%	25.50%	27.01%	26.42%	25.59%	21.40%	23.66%	22.91%	23.85%	24.07%	24.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.34)	$1.44	$4.35	$4.94	$4.13	$3.89	$4.35	($1.53)	$5.02	$9.07	$5.55
Adjusted Weighted Average Basic Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Adjusted Diluted Earnings per Share	($2.34)	$1.44	$4.32	$4.91	$4.11	$3.85	$4.32	($1.53)	$4.98	$9.02	$5.51
Adjusted Weighted Average Diluted Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.89M	20.22M	20.19M	20.17M	20.04M	20.05M	20.07M	19.74M	19.70M	19.54M	19.41M
Normalized Net Operating Profit after Tax (NOPAT)	85	72	98	113	92	89	95	91	109	82	116
Normalized NOPAT Margin	8.05%	7.07%	10.05%	10.84%	9.06%	8.59%	9.78%	8.63%	10.40%	7.86%	11.25%
Pre Tax Income Margin	-3.30%	4.45%	12.11%	12.72%	11.01%	10.19%	12.18%	1.81%	12.58%	10.51%	14.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.81	3.84	8.19	9.25	8.70	9.41	12.33	2.65	14.34	11.59	16.28
NOPAT to Interest Expense	-1.26	3.15	6.06	7.11	6.46	7.22	9.38	-0.48	11.17	17.77	12.31
EBIT Less CapEx to Interest Expense	-3.70	2.18	7.28	8.10	7.28	7.36	9.37	-0.34	10.13	7.63	12.63
NOPAT Less CapEx to Interest Expense	-3.15	1.49	5.14	5.96	5.04	5.16	6.41	-3.48	6.95	13.80	8.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.95%	34.63%	31.41%	28.87%	16.17%	13.98%	13.90%	20.46%	19.70%	15.04%	14.45%
Augmented Payout Ratio	155.71%	272.89%	176.86%	158.73%	92.47%	33.97%	13.90%	83.94%	73.28%	71.04%	82.61%

Financials Breakdown Chart

Key Financial Trends

Valmont Industries (VMI) has shown stable quarterly revenue around the $1.04 billion mark in late 2024 and 2025, with meaningful earnings expansion in Q4 2025. The company continues to generate solid operating cash flow, modest leverage, and ongoing asset investment. Below are the top takeaways from the last four years of quarterly statements, focused on the most impactful trends for retail investors.

Net income to common shareholders in Q4 2025: $168.0 million, up from roughly $77.7 million in Q4 2024, driving diluted earnings per share to $9.02 (and basic EPS of $9.07).
Diluted earnings per share (EPS) in Q4 2025: $9.02, with basic EPS at $9.07, reflecting strong quarterly profitability growth.
Net cash from continuing operating activities in Q4 2025: $111.2 million, confirming continued cash generation from core operations.
SG&A efficiency improved: SG&A expense of $186.4 million in Q4 2025 on about $1.04 billion in revenue (~18% of revenue, down modestly from Q4 2024).
Capital expenditure increased with PPE purchases of about $40.8 million in Q4 2025, signaling ongoing asset expansion for future capacity.
Revenue remained around $1.04 billion per quarter in 2024–2025, indicating stable demand over the period.
Gross margin hovered near 29.8%–30.2% in the latest quarters, reflecting stable profitability.
Balance sheet remains solid with long-term debt around $730 million and total equity near $1.6 billion, indicating a modest leverage profile.
Quarterly dividend per share stands at $0.68, providing a consistent income stream to shareholders.
Net cash from financing activities in Q4 2025 was negative at about $112.7 million, driven by net cash outflows from financing (including stock repurchases and related moves).

05/15/26 05:40 AM ETAI Generated. May Contain Errors.

Valmont Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Valmont Industries' financial year ends in December. Their financial year 2025 ended on December 27, 2025.

Valmont Industries' net income appears to be on an upward trend, with a most recent value of $353.69 million in 2025, rising from $45.33 million in 2015. The previous period was $350.62 million in 2024. See Valmont Industries' forecast for analyst expectations on what's next for the company.

Valmont Industries' total operating income in 2025 was $415.58 million, based on the following breakdown:

Total Gross Profit: $1.24 billion
Total Operating Expenses: $824.36 million

Over the last 10 years, Valmont Industries' total revenue changed from $2.62 billion in 2015 to $4.10 billion in 2025, a change of 56.7%.

Valmont Industries' total liabilities were at $1.73 billion at the end of 2025, a 0.5% decrease from 2024, and a 21.0% increase since 2015.

In the past 10 years, Valmont Industries' cash and equivalents has ranged from $164.32 million in 2024 to $492.81 million in 2017, and is currently $187.14 million as of their latest financial filing in 2025.

Over the last 10 years, Valmont Industries' book value per share changed from 39.86 in 2015 to 82.88 in 2025, a change of 107.9%.

Related Companies

Financial statements for NYSE:VMI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Valmont Industries (VMI) Financials

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Valmont Industries (VMI) Financials

Annual Income Statements for Valmont Industries

Quarterly Income Statements for Valmont Industries

Annual Cash Flow Statements for Valmont Industries

Quarterly Cash Flow Statements for Valmont Industries

Annual Balance Sheets for Valmont Industries

Quarterly Balance Sheets for Valmont Industries

Annual Metrics And Ratios for Valmont Industries

Quarterly Metrics And Ratios for Valmont Industries

Financials Breakdown Chart

Key Financial Trends

Valmont Industries Financials - Frequently Asked Questions

When does Valmont Industries' fiscal year end?

How has Valmont Industries' net income changed over the last 10 years?

What is Valmont Industries' operating income?

How has Valmont Industries' revenue changed over the last 10 years?

How much debt does Valmont Industries have?

How much cash does Valmont Industries have?

How has Valmont Industries' book value per share changed over the last 10 years?

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