VMINYSEFabricated Structural Metal ProductsFiscal year ends December 26
VALMONT INDUSTRIES INC
Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 28, 2026
$452.25+7.72 (+1.74%)
Close on Oct 19, 2026
- Market cap
- $8.83B
- P/E (TTM)
- 18.6
- Dividend yield
- 0.60%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.2%+3.8 pts over 5 years
Operating margin
10.1%+2.3 pts over 5 years
Net margin
8.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.7% | -1.9% | +7.2% | +4.6% | |
| Gross profit | -0.1% | +3.3% | +10.1% | +7.2% | |
| Operating income | -20.8% | -1.4% | +13.0% | +12.2% | |
| Net income | +0.6% | +11.8% | – | – | |
| EPS, diluted | -2.3% | +13.1% | +20.6% | +25.7% | |
| Free cash flow | -36.9% | +10.2% | +8.2% | +3.2% | |
| Dividend per share | +13.3% | +7.3% | +8.6% | +6.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 22.1% | |
| Return on assets | – | – | 10.5% | |
| Current ratio | 3.58 | 2.31 | 2.35 | |
| Debt to equity | 0.80 | 0.62 | 0.49 | |
| Net debt to EBITDA | 1.04× | 1.07× | 1.21× | |
| Interest coverage | 5.5× | 5.5× | 10.3× | |
| Inventory turnover | 5.4× | 4.9× | 5.0× | |
| Capex to revenue | 2.3% | 3.7% | 3.5% | |
| Diluted shares | 23M | 21M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Valmont Industries generated $1.73B from operations and spent $1.44B on capital expenditure, dividends and share buybacks. 36% of that went back into the business.
Generated
$1.73B
Used
$1.44B
Capital expenditure$522.34M36%Dividends$237.58M16%Share buybacks$680.01M47%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.5%
×Asset turnover1.23×
×Equity multiplier2.11×
=Return on equity, FY202522.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.5% | 1.23× | 2.11× | 22.1% |
| FY2024 | 8.5% | 1.20× | 2.35× | 24.0% |
| FY2023 | 3.6% | 1.19× | 2.40× | 10.3% |
| FY2022 | 5.8% | 1.24× | 2.36× | 16.9% |
| FY2021 | 5.6% | 1.09× | 2.49× | 15.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$350.27M
- Cash generatingOperating cash flow above zero$456.48M
- Return on assets improvedROA up on the prior year10.0% → 10.5%
- Earnings backed by cashOperating cash flow above net income$456.48M vs $350.27M
- Less leverageLong-term debt to assets fell21.9% → 23.6%
- Better liquidityCurrent ratio rose2.07 → 2.35
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year30.46% → 30.21%
- More efficientAsset turnover rose1.17 → 1.23