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VMIValmont Industries, Inc.
$404.31$7.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VMI logo

Valmont Industries, Inc.

VMI
NYSE · Tools & Metal Products
$404.31
At close - Nov 6, 4:00 PM EST - USD
Market Cap$7.81B
P/E15.2x
52W High$585.71
Volume305.19K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Operating Leverage Gains Offset by Deteriorating Cash Conversion

Valmont's Infrastructure segment at 77% of net sales is driving revenue growth from a -2.9% contraction in 2024Q3 to 5.5% expansion in 2026Q3, while SG&A compression from $193.0M to $158.6M over eight quarters has lifted operating margins from 2.8% to 15.7%, though this improvement may reflect non-recurring cost…

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

VMI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-22% Peers

P/E is 22% below peer median

03

Market leadership

RS 34 · Lag

Laggard (Underperforming 66% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 20
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth improved to 5.5% in 2026Q3 with gross margins stable at 30.0%, while operating margins expanded to 15.7% from a 2.8% trough in 2025Q2, driven by SG&A declining 17.7% to $158.6M rather than pricing power gains.

Analyst Consensus+51.2% target
Hold(14 analysts)
5 Buy8 Hold1 Sell

The Bull Case

Upside Catalysts

Infrastructure spending tailwind

Valmont's focus on infrastructure positions it to benefit from the $1.2 trillion US infrastructure spending, driving growth and backlog momentum.

EPS growth potential

Successful tariff mitigation and margin discipline could drive EPS toward $20 by 2026, justifying a $400+ share price.

Attractive valuation

The 17.4x P/E ratio offers value compared to industrials peers, making VMI an appealing investment opportunity.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VMI-1.24%
S&P 500 (^GSPC)+7.63%
1-Year Return
VMI-0.19%
S&P 500 (^GSPC)+9.69%
3-Year Return
VMI+107.46%
S&P 500 (^GSPC)+71.54%
5-Year Return
VMI+61.17%
S&P 500 (^GSPC)+59.20%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
15.2x
Forward P/E
17.3x
EV/EBITDA20th %ile
12.3x
FCF YieldCash Flow
3.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.2x
26.9x
0th· Low
EV/EBITDA
12.3x
15.1x
20th· Low
Price/FCF
25.5x
26.4x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$151.69-62.5%
Base (Fair)$316.77-21.7%
Bull$405.49+0.3%
$151.69 Bear$316.77 Base$405.49 Bull
Current Market Price: $404.31
Trades at a 27.6% premium to Base DCF ($316.77)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.1B+0.7% YoY
Net income FY25
$350M+0.6% YoY
Free cash flow FY25
$311M-36.9% YoY
Operating margin FY25
12.7%-0.1 pts YoY
ROIC (FY25)16.8%
Avg ROIC 5Y13.2%
ROE (TTM)30.3%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 20, 2026
$6.24+9.5%
vs $5.70
$1.1B-1.3%
vs $1.1B
Q3 2026
Jul 21, 2026
$6.14+5.9%
vs $5.80
$1.1B+2.3%
vs $1.1B
Q2 2026
Apr 21, 2026
$5.51+16.7%
vs $4.72
$1.0B+3.4%
vs $996M
Q1 2026
Feb 17, 2026
$4.92-0.6%
vs $4.95
$1.0B-0.5%
vs $1.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·4d ago
Valmont to Participate in Baird's 2026 Global Industrial Conference

OMAHA, Neb.--(BUSINESS WIRE)--Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, today announced that management will participate in Baird's 2026 Global Industrial Conference on Wednesday, November 11, 2026 in Chicago, Illinois. Avner M. Applbaum, President and Chief Executive Officer, Renee Campbell, Senior Vice President, Capital Markets and Risk and Casey Meyer, Vice President, Tre.

Zacks Investment Research·Oct 28, 2026
VMI Q3 Earnings Beat Estimates on Utility Strength, Sales Miss

Valmont's Q3 2026 earnings beat estimates on strong Utility and Coatings sales, despite a revenue miss and Agriculture weakness, prompting a higher EPS outlook.

Zacks Investment Research·Oct 27, 2026
Valmont (VMI) Loses 8.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Valmont (VMI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Seeking Alpha·Oct 27, 2026
Riverwater Partners Sustainable Value Strategy Q3 2026 Portfolio Update

The Sustainable Value Strategy trailed its benchmark, the Russell 2500 Value Index, in the third quarter. New positions include Lineage, Birkenstock, Matador Resources, KBR and ICON. InterDigital, Stevanato Group and Exelixis rounded out our top contributors.

Filtered for Valmont Industries, Inc.More Headlines
04

Compare before deciding

Benchmark VMI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Valmont Industries, Inc. (VMI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VMI logoVMIValmont Industries, Inc.Current
$404.31$7.81B15.160.71%12.05%30.25%0.65%
ITRN logoITRNIturan Location and Control Ltd.
$49.76$989.91M15.376.77%16.28%29.03%3.8%
PRIM logoPRIMPrimoris Services Corporation
$65.40$3.55B36.7418.97%1.36%5.9%0.48%
MYRG logoMYRGMYR Group Inc.
$262.91$4.09B21.398.79%4.48%26.32%—
AWI logoAWIArmstrong World Industries, Inc.
$171.23$7.24B22.5712.11%18.38%35.94%0.74%
AAON logoAAONAAON, Inc.
$57.19$4.68B30.0620.11%8.24%17.21%0.69%

Compare VMI vs Peers

Valmont Industries, Inc. (VMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ITRN

Most directly comparable listed peer for VMI.

Scale Benchmark

vs PWR

Larger-name benchmark to compare VMI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ITRN, PRIM, MYRG, AWI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

VMI SEC Filings & Documents

Valmont Industries, Inc. (VMI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 20, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 27, 2026·SEC

FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

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VMI Frequently Asked Questions

Valmont Industries, Inc. (VMI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Valmont Industries, Inc.'s revenue?

Valmont Industries, Inc. (VMI) reported $4.29B in revenue over the trailing twelve months. Revenue was $4.10B in fiscal year 2025. That is 537% more than the $644.5M of fiscal year 1996.

How fast is Valmont Industries, Inc. growing?

Valmont Industries, Inc. (VMI) grew revenue by 4.6% over the trailing twelve months, compared with the twelve months before.

Is VMI profitable?

Yes. Valmont Industries, Inc. (VMI) earned $517.0M in net income over the trailing twelve months (a 12.1% net margin).

Dividend & Returns
Does VMI pay dividends?

Yes. Valmont Industries, Inc. (VMI) pays a dividend that yields 0.65% at the current price, a small yield.

What is VMI's return on equity?

Valmont Industries, Inc. (VMI) had a return on equity (ROE) of 30.3% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Valmont Industries, Inc.'s free cash flow?

Valmont Industries, Inc. (VMI) generated $306.4M in free cash flow over the trailing twelve months.

What if you invested $1,000 in VMI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →