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VMI

Valmont Industries, Inc.

VMI

Valmont Industries, Inc. • NYSE
$412.97 ▲ 0.75% (+3.07)
Market Cap $8.14 B
52w High $427.81
52w Low $250.07
Dividend Yield 2.64%
P/E 35.45
Volume 51.40K
Outstanding Shares 19.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.046B ▼ $176.79M ▼ $99.031M ▲ 9.468% ▲ $5.02 ▲ $162.923M ▲
Q2-2025 $1.051B ▲ $291.891M ▲ $-30.263M ▼ -2.881% ▼ $-1.53 ▼ $51.816M ▼
Q1-2025 $969.314M ▼ $162.788M ▼ $87.261M ▲ 9.002% ▲ $4.35 ▲ $149.655M ▲
Q4-2024 $1.037B ▲ $193.033M ▲ $77.653M ▼ 7.486% ▼ $3.88 ▼ $142.849M ▼
Q3-2024 $1.02B $175.958M $83.068M 8.143% $4.13 $150.683M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $226.107M ▲ $3.368B ▲ $1.701B ▼ $1.596B ▲
Q2-2025 $208.533M ▲ $3.345B ▼ $1.732B ▲ $1.529B ▼
Q1-2025 $184.399M ▲ $3.375B ▲ $1.684B ▼ $1.635B ▲
Q4-2024 $164.315M ▼ $3.33B ▼ $1.736B ▼ $1.542B ▲
Q3-2024 $200.477M $3.497B $1.909B $1.542B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.291M ▲ $112.504M ▼ $-54.616M ▼ $-40.322M ▲ $17.574M ▼ $144.491M ▲
Q2-2025 $-3.291M ▼ $167.609M ▲ $-33.895M ▼ $-114.463M ▼ $24.134M ▲ $135.622M ▲
Q1-2025 $86.663M ▲ $65.13M ▼ $-30.191M ▼ $-16.993M ▲ $20.084M ▲ $34.811M ▼
Q4-2024 $80.476M ▼ $193.414M ▼ $-23.779M ▼ $-196.683M ▼ $-36.162M ▼ $167.796M ▼
Q3-2024 $82.61M $225.121M $-18.595M $-175.002M $37.335M $204.616M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Agriculture
Agriculture
 $0 ▲$270.00M ▲$290.00M ▲$240.00M ▼
Infrastructure
Infrastructure
 $0 ▲$710.00M ▲$770.00M ▲$810.00M ▲
Coatings
Coatings
 $80.00M ▲$0 ▼$0 ▲$0 ▲
Irrigation Equipment and Parts excluding Technology
Irrigation Equipment and Parts excluding Technology
 $250.00M ▲$0 ▼$0 ▲$0 ▲
Lighting And Transportation
Lighting And Transportation
 $190.00M ▲$0 ▼$0 ▲$0 ▲
Renewable Energy
Renewable Energy
 $40.00M ▲$0 ▼$0 ▲$0 ▲
Telecommunications
Telecommunications
 $70.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown over the longer term but has flattened out in the last couple of years after a strong ramp-up. The more notable story is on profitability: operating and net income have improved meaningfully over time, with a sharp step-up in the most recent year after a softer year before that. This points to better pricing, product mix, or cost control, even without strong top-line expansion. Earnings per share have become much stronger but also somewhat volatile, which suggests that while the business can generate attractive profits, results are sensitive to swings in demand, input costs, and project timing.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid for an industrial company. Total assets have been fairly steady, and shareholders’ equity has grown over time, which supports the idea of value being built in the business. Debt moved up earlier in the period but has been brought down more recently, improving leverage. Cash on hand is modest, so the company is not cash-rich, but the combination of growing equity and moderating debt suggests a generally healthy, though not ultra-conservative, financial position. Continued access to credit and stable cash generation remain important.

Cash Flow

Cash Flow Cash generation has improved meaningfully. Operating cash flow was weak a few years ago but has strengthened, especially in the latest year, indicating better working-capital management and more cash conversion of reported profits. Free cash flow has been positive in most years and clearly stronger lately, even after steady investment in capital projects. The pattern suggests a business that is now largely self-funding and capable of investing for growth while still leaving a cushion, though history shows that cash flows can swing with cycles and inventory or project needs.

Competitive Edge

Competitive Edge Valmont holds strong positions in both mechanized irrigation and critical infrastructure, anchored by well-known brands like Valley and long-standing customer relationships. Its global dealer and distribution network in agriculture, combined with custom-engineered infrastructure products, create meaningful barriers to entry. The strategic shift toward AI-driven agtech, smart poles, and solar-related solutions deepens differentiation versus more traditional manufacturers. At the same time, the company operates in cyclical, capital-intensive markets with capable competitors, so its edge depends on continuing to deliver superior technology, reliability, and service, rather than on any single irreplaceable asset.

Innovation and R&D

Innovation and R&D Innovation is a clear focus and a key part of Valmont’s story. The acquisition of Prospera and the push into AI-based crop monitoring, remote irrigation control, and precision water use show a move from pure hardware to integrated digital solutions and potential subscription revenue. On the infrastructure side, smart poles, connected-city features, and agrivoltaic solar systems aim to position the company at the heart of smart cities and sustainable energy trends. These initiatives could deepen customer lock-in and smooth revenue over time, but their ultimate impact depends on adoption rates, execution quality, and how quickly municipalities and farmers embrace these newer technologies.

Summary

Overall, Valmont looks like a mature industrial business that has been steadily upgrading itself into a more technology-enabled, higher-value provider. Profitability and cash flow have improved even as revenue growth has cooled, pointing to better efficiency and mix. The balance sheet appears sound, with manageable debt and growing equity, though not an excess cash cushion. Strategically, the company’s strength lies in its established positions in irrigation and infrastructure plus a clear push into AI, smart infrastructure, and renewable-energy-related offerings. Future results will likely hinge on how well Valmont navigates the natural cycles in agriculture and infrastructure spending while successfully scaling its newer technology and service-based businesses.

NEWS

October 30, 2025 · 4:16 PM UTC

Valmont to Participate in Baird's Global Industrial Conference

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October 27, 2025 · 4:16 PM UTC

Valmont Board Declares Quarterly Dividend

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October 21, 2025 · 7:00 AM UTC

Valmont Reports Third Quarter 2025 Results and Raises Full-Year 2025 Adjusted Earnings per Share Outlook

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October 20, 2025 · 8:00 AM UTC

Valmont Appoints William Eric Johnson as Chief Accounting Officer

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September 30, 2025 · 4:16 PM UTC

Valmont Announces Timing of Third Quarter 2025 Earnings Release and Conference Call

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