Valmont Industries, Inc. (VMI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.03B | 1.04B | 1.05B | 1.05B | 969.31M | 1.04B | 1.02B | 1.04B | 977.83M | 1.02B | 1.05B | 1.05B | 1.06B | 1.13B | 1.1B | 1.14B | 980.82M | 963.28M | 868.78M | 894.63M |
| Revenue Growth % | 6.18% | 0.09% | 2.53% | 1.04% | -0.87% | 2.14% | -2.87% | -0.63% | -7.97% | -10.25% | -4.29% | -7.86% | 8.33% | 17.47% | 26.31% | 26.93% | 26.58% | 20.65% | 18.37% | 29.88% |
| Cost of Goods Sold | 712.32M | 728.84M | 727.73M | 729.38M | 678.21M | 724.27M | 718.48M | 719.46M | 671.61M | 732.59M | 735.18M | 716.9M | 753.9M | 832.56M | 811.9M | 842.93M | 731.63M | 740.99M | 641.38M | 664.98M |
| COGS % of Revenue | 69.21% | 70.2% | 69.57% | 69.43% | 69.97% | 69.82% | 70.43% | 69.2% | 68.68% | 72.14% | 70% | 68.52% | 70.96% | 73.58% | 73.99% | 74.23% | 74.59% | 76.92% | 73.83% | 74.33% |
| Gross Profit | 316.88M | 309.42M | 318.25M | 321.17M | 291.1M | 313.02M | 301.69M | 320.28M | 306.22M | 282.94M | 315.11M | 329.4M | 308.58M | 298.96M | 285.48M | 292.6M | 249.19M | 222.28M | 227.4M | 229.65M |
| Gross Margin % | 30.79% | 29.8% | 30.43% | 30.57% | 30.03% | 30.18% | 29.57% | 30.8% | 31.32% | 27.86% | 30% | 31.48% | 29.04% | 26.42% | 26.01% | 25.77% | 25.41% | 23.08% | 26.17% | 25.67% |
| Gross Profit Growth % | 8.85% | -1.15% | 5.49% | 0.28% | -4.94% | 10.63% | -4.26% | -2.77% | -0.77% | -5.36% | 10.38% | 12.58% | 23.84% | 34.49% | 25.54% | 27.41% | 21.82% | 8.65% | 19.22% | 24.85% |
| Operating Expenses | 161.25M | 186.38M | 176.79M | 291.89M | 162.79M | 193.03M | 175.96M | 172.97M | 174.66M | 219.39M | 339.3M | 195.66M | 190.12M | 189.24M | 175.51M | 173.88M | 154.34M | 171.53M | 151.21M | 147.02M |
| OpEx % of Revenue | 15.67% | 17.95% | 16.9% | 27.78% | 16.79% | 18.61% | 17.25% | 16.64% | 17.86% | 21.6% | 32.31% | 18.7% | 17.89% | 16.72% | 15.99% | 15.31% | 15.74% | 17.81% | 17.4% | 16.43% |
| Selling, General & Admin | 186.38M | 186.38M | 176.79M | 191.67M | 162.79M | 193.03M | 175.96M | 172.97M | 174.66M | 188.36M | 194.28M | 195.66M | 190.12M | 189.24M | 175.51M | 173.88M | 154.34M | 165.03M | 151.21M | 147.02M |
| SG&A % of Revenue | 18.11% | 17.95% | 16.9% | 18.24% | 16.79% | 18.61% | 17.25% | 16.64% | 17.86% | 18.55% | 18.5% | 18.7% | 17.89% | 16.72% | 15.99% | 15.31% | 15.74% | 17.13% | 17.4% | 16.43% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
| Operating Income | 155.63M | 123.04M | 141.46M | 29.28M | 128.31M | 119.99M | 125.73M | 147.31M | 131.55M | 63.55M | -24.19M | 133.73M | 118.47M | 109.72M | 109.97M | 118.72M | 94.84M | 50.75M | 76.19M | 82.63M |
| Operating Margin % | 15.12% | 11.85% | 13.52% | 2.79% | 13.24% | 11.57% | 12.32% | 14.17% | 13.45% | 6.26% | -2.3% | 12.78% | 11.15% | 9.7% | 10.02% | 10.45% | 9.67% | 5.27% | 8.77% | 9.24% |
| Operating Income Growth % | 21.29% | 2.54% | 12.5% | -80.13% | -2.46% | 88.81% | 619.78% | 10.15% | 11.05% | -42.08% | -122% | 12.65% | 24.91% | 116.17% | 44.33% | 43.68% | 22.83% | -6.25% | 23.94% | 90.2% |
| EBITDA | 178.23M | 166.98M | 163.1M | 51.54M | 149.83M | 144.84M | 149.75M | 170.3M | 155.09M | 88.62M | 656K | 157.97M | 143.02M | 134.08M | 134.76M | 142.85M | 118.73M | 75.57M | 99.9M | 105.66M |
| EBITDA Margin % | 17.32% | 16.08% | 15.59% | 4.91% | 15.46% | 13.96% | 14.68% | 16.38% | 15.86% | 8.73% | 0.06% | 15.1% | 13.46% | 11.85% | 12.28% | 12.58% | 12.1% | 7.84% | 11.5% | 11.81% |
| EBITDA Growth % | 18.96% | 15.28% | 8.92% | -69.74% | -3.39% | 63.45% | 22727.74% | 7.81% | 8.44% | -33.91% | -99.51% | 10.58% | 20.47% | 77.43% | 34.9% | 35.2% | 20.85% | 0.08% | 21.21% | 65.92% |
| D&A (Non-Cash Add-back) | 22.61M | 43.94M | 21.65M | 22.26M | 21.52M | 24.85M | 24.02M | 22.99M | 23.54M | 25.07M | 24.85M | 24.23M | 24.56M | 24.36M | 24.79M | 24.13M | 23.88M | 24.81M | 23.7M | 23.03M |
| EBIT | 155.63M | 119.73M | 141.28M | 29.55M | 128.14M | 118M | 126.67M | 148.08M | 134.66M | 60.48M | -21.18M | 135.85M | 118.11M | 82.64M | 112.4M | 118.73M | 97.65M | 53.92M | 79.72M | 88.19M |
| Net Interest Income | -8.03M | -8.51M | -8.15M | -8.97M | -6.72M | -10.52M | -12.23M | -14.35M | -14.44M | -13.66M | -10.29M | -14.35M | -12.28M | -12.26M | -11.12M | -11.1M | -11.04M | -10.85M | -10.63M | -10.25M |
| Interest Income | 1.38M | 1.64M | 1.59M | 1.57M | 3.39M | 1.82M | 2.08M | 1.5M | 1.78M | 1.65M | 3.19M | 563K | 830K | 996K | 507K | 285K | 227K | 298K | 397K | 186K |
| Interest Expense | 9.41M | 10.15M | 9.74M | 10.54M | 10.12M | 12.34M | 14.31M | 15.85M | 16.22M | 15.31M | 13.47M | 14.92M | 13.11M | 13.26M | 11.63M | 11.39M | 11.26M | 11.15M | 11.03M | 10.44M |
| Other Income/Expense | -10.49M | -13.45M | -9.92M | -10.29M | -10.85M | -14.34M | -13.38M | -15.07M | -13.12M | -18.58M | -10.66M | -13M | -14.28M | -40.33M | -9.2M | -11.93M | -8.81M | -7.85M | -7.86M | -5.23M |
| Pretax Income | 145.14M | 109.58M | 131.54M | 18.99M | 117.46M | 105.65M | 112.36M | 132.24M | 118.44M | 44.97M | -34.85M | 120.73M | 104.19M | 69.38M | 100.77M | 106.79M | 86.03M | 42.91M | 68.33M | 77.4M |
| Pretax Margin % | 14.1% | 10.55% | 12.58% | 1.81% | 12.12% | 10.19% | 11.01% | 12.72% | 12.11% | 4.43% | -3.32% | 11.54% | 9.81% | 6.13% | 9.18% | 9.4% | 8.77% | 4.45% | 7.87% | 8.65% |
| Income Tax | 37.12M | -59.64M | 30.45M | 22.28M | 30.8M | 27.2M | 29.72M | 31.07M | 29.99M | 10.88M | 15.46M | 31.93M | 31.84M | 28.16M | 27.82M | 29.59M | 23.12M | 15.09M | 16.08M | 14.74M |
| Effective Tax Rate % | 25.57% | -54.42% | 23.15% | 117.33% | 26.22% | 25.74% | 26.46% | 23.49% | 25.32% | 24.2% | -44.36% | 26.45% | 30.56% | 40.58% | 27.61% | 27.7% | 26.88% | 35.17% | 23.53% | 19.04% |
| Net Income | 108.03M | 168M | 99.03M | -30.26M | 87.26M | 77.65M | 83.07M | 99.72M | 87.82M | 28.59M | -49.03M | 89.38M | 74.54M | 40.33M | 72.11M | 76.11M | 62.31M | 26.86M | 51.65M | 62.11M |
| Net Margin % | 10.5% | 16.18% | 9.47% | -2.88% | 9% | 7.49% | 8.14% | 9.59% | 8.98% | 2.81% | -4.67% | 8.54% | 7.02% | 3.56% | 6.57% | 6.7% | 6.35% | 2.79% | 5.95% | 6.94% |
| Net Income Growth % | 23.8% | 116.35% | 19.22% | -130.35% | -0.64% | 171.64% | 269.43% | 11.57% | 17.82% | -29.12% | -167.99% | 17.43% | 19.63% | 50.18% | 39.62% | 22.54% | 13.26% | -25.01% | 31.28% | 174.74% |
| Net Income (Continuing) | 108.02M | 169.22M | 101.09M | -3.29M | 86.66M | 78.44M | 82.61M | 101.15M | 88.43M | 34.08M | -50.31M | 88.8M | 72.34M | 41.21M | 72.93M | 77.21M | 62.91M | 27.81M | 52.25M | 62.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9.3M | 9.5M | 71.47M | 84.06M | 56.9M | 51.52M | 46.11M | 46.25M | 44.98M | 62.79M | 56.97M | 58.07M | 58.3M | 60.87M | 60.02M | 64.77M | 28.44M | 26.75M | 26.59M | 26.86M |
| EPS (Diluted) | 5.51 | 8.51 | 4.98 | -1.53 | 4.32 | 3.84 | 4.11 | 4.91 | 4.32 | 1.38 | -2.34 | 4.21 | 3.47 | 1.86 | 3.34 | 3.53 | 2.90 | 1.25 | 2.40 | 2.89 |
| EPS Growth % | 27.55% | 121.61% | 21.17% | -131.16% | 0% | 178.26% | 275.64% | 16.63% | 24.5% | -25.81% | -170.06% | 19.26% | 19.66% | 48.8% | 39.17% | 22.15% | 12.84% | -25.6% | 30.43% | 172.64% |
| EPS (Basic) | 5.55 | 8.58 | 5.02 | -1.53 | 4.35 | 3.88 | 4.13 | 4.94 | 4.35 | 1.39 | -2.34 | 4.25 | 3.50 | 1.89 | 3.38 | 3.57 | 2.93 | 1.27 | 2.44 | 2.93 |
| Diluted Shares Outstanding | 19.62M | 19.75M | 19.88M | 19.81M | 20.2M | 20.2M | 20.23M | 20.29M | 20.32M | 20.76M | 20.95M | 21.23M | 21.51M | 21.66M | 21.61M | 21.54M | 21.49M | 21.52M | 21.55M | 21.47M |
| Basic Shares Outstanding | 19.48M | 19.59M | 19.74M | 19.81M | 20.05M | 20.03M | 20.09M | 20.18M | 20.19M | 20.58M | 20.95M | 21.03M | 21.27M | 21.32M | 21.33M | 21.31M | 21.28M | 21.23M | 21.18M | 21.19M |
| Dividend Payout Ratio | 12.29% | 7.97% | 13.55% | - | 13.77% | 15.48% | 14.56% | 12.15% | 13.81% | 43.84% | - | 14.14% | 15.75% | 29.09% | 16.28% | 15.4% | 17.04% | 39.54% | 20.55% | 17.11% |